Bitcoin miner botnets

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Despite an increase in popularity over recent months amongst botnet operators, malware-powered Bitcoin mining brings little to no financial return, say experts. Security bitcoin miner botnets McAfee contends in its quarterly threat report PDF that commercial botnet controllers and malware packages have been adding cryptocurrency mining options to their list of services offered. The mining tools - offered alongside botnet task options such as spam runs or distributed denial of service DDoS attacks - put infected machines to use mining Bitcoin.

Unfortunately for the cybercrooks, however, it seems that a botnet-turned-mining rig doesn't actually make much money in real life.

McAfee found that the increasing difficulty of Bitcoin hashes, combined with the attrition rate from malware bitcoin miner botnets on infected machines, would make turning a profit from botnet mining nearly impossible.

According to researcher bitcoin miner botnets, a botnet controller attempting to mine Bitcoin with a 10, system network would initially see a net loss in operations and with increasing difficulty cycles productivity would plateau off without turning much of a profit. That rate becomes even lower when mobile devices are added to the equation.

Researchers note that with less powerful processors and limited battery life, mobile devices are ill-equipped to function as dedicated cryptocurrency mining tools, especially when this is done via covert malware infections.

Researchers conclude, therefore, that botnet kingpins are better off avoiding the Bitcoin mining game and sticking with other techniques. That would come as little relief, however, to owners of infected machines who will see their system performance and battery life take a hit whether or not the miner turns a profit. The Register - Independent news and views for the tech community. Part of Situation Publishing. Join our daily or weekly newsletters, subscribe to a specific section or set News alerts.

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Massive backlogs, legacy debt, and scarce resources can hinder digital transformation efforts. So, how you can overcome these challenges? By thinking proactively about DDoS defense, organizations can build a comprehensive strategy to mitigate bitcoin miner botnets. Sponsored links Get The Register's Headlines in your inbox daily - quick signup! About us Who we are Under the hood Contact us Advertise with us.

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Despite an increase in popularity over recent months amongst botnet operators, malware-powered Bitcoin mining brings little to no financial return, say experts. Security giant McAfee contends in its quarterly threat report PDF that commercial botnet controllers and malware packages have been adding cryptocurrency mining options to their list of services offered.

The mining tools - offered alongside botnet task options such as spam runs or distributed denial of service DDoS attacks - put infected machines to use mining Bitcoin. Unfortunately for the cybercrooks, however, it seems that a botnet-turned-mining rig doesn't actually make much money in real life.

McAfee found that the increasing difficulty of Bitcoin hashes, combined with the attrition rate from malware detections on infected machines, would make turning a profit from botnet mining nearly impossible. According to researcher estimates, a botnet controller attempting to mine Bitcoin with a 10, system network would initially see a net loss in operations and with increasing difficulty cycles productivity would plateau off without turning much of a profit.

That rate becomes even lower when mobile devices are added to the equation. Researchers note that with less powerful processors and limited battery life, mobile devices are ill-equipped to function as dedicated cryptocurrency mining tools, especially when this is done via covert malware infections.

Researchers conclude, therefore, that botnet kingpins are better off avoiding the Bitcoin mining game and sticking with other techniques. That would come as little relief, however, to owners of infected machines who will see their system performance and battery life take a hit whether or not the miner turns a profit.

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Seeking to reduce costs and to provide better customer experience. Today that skills gap is around automation, orchestration, and DevOps methodologies—as well as how to apply them to cloud environments.

This paper suggests a battery of technical checks that testers can quickly perform to stratify the vast array of applications that exist in the enterprise ecosystem. Sponsored links Get The Register's Headlines in your inbox daily - quick signup!

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