Along with digital money, we also learned about threats associated with them, including the problem of cryptojacking, where someone else could secretly use your computer to mine cryptocurrency. It can be a major security threat but is preventable.
A bitcoin or other cryptocurrency encrypted with problematic, mathematical and algorithmic equations which have to be solved to bring itself into existence in the market.
The transactions done on block-chain or other exchanges, constituted of same these equations and problems (which is also called block), which are solved by mining machines.
These mining machines are run under 24hrs electricity, constant cold temperature and constant speed (variable minimum speed for different cryptocurrencies).
The mining machines use the above factors to solve the blocks or the problematic equation to mine bring out new bitcoin or other cryptocurrency in the form of their deformation)
For example:- BITCOIN : Max Supply 21,000,000 BTC
Rate of Generation Or Mining Of Bitcoin since 2008 per 10 min
2008-2012 50 btc
2012-2016 25 btc
2016-2020 12.5 btc
2020-2024 6.25 btc
2024-2028 3.12 btc
2028-2032 1.56 btc and so on ..........................................
And thus variable for different cryptocurrencies accounts to their max supply.
Also there are variable block size of different cryptocurrencies, largest of which is of Bitcoin.
In such a way, Cryptomining refers to solving and regulating transactions of cryptocurrencies on exchanges in the form of evaluating problematic equation in their respective block size.
And the person who follows the necessary factors for machines to run for mining is called cryptominer.
In easy terms mining cryptocurrency means. allowing your computers resources to solve complex computational problems.
When you set a mining rig, and keep it on for mining, What your mining rig does is that it starts to solve complex computational problems for other people.Once your miner solves it, you are rewarded with a small amount or cryptocurrency.
A bitcoin or other cryptocurrency encrypted with problematic, mathematical and algorithmic equations which have to be solved to bring itself into existence in the market.
The transactions done on block-chain or other exchanges, constituted of same these equations and problems (which is also called block), which are solved by mining machines.
These mining machines are run under 24hrs electricity, constant cold temperature and constant speed (variable minimum speed for different cryptocurrencies).
The mining machines use the above factors to solve the blocks or the problematic equation to mine bring out new bitcoin or other cryptocurrency in the form of their deformation)
For example:- BITCOIN : Max Supply 21,000,000 BTC
Rate of Generation Or Mining Of Bitcoin since 2008 per 10 min
2008-2012 50 btc
2012-2016 25 btc
2016-2020 12.5 btc
2020-2024 6.25 btc
2024-2028 3.12 btc
2028-2032 1.56 btc and so on ..........................................
And thus variable for different cryptocurrencies accounts to their max supply.
Also there are variable block size of different cryptocurrencies, largest of which is of Bitcoin.
In such a way, Cryptomining refers to solving and regulating transactions of cryptocurrencies on exchanges in the form of evaluating problematic equation in their respective block size.
And the person who follows the necessary factors for machines to run for mining is called cryptominer.
In easy terms mining cryptocurrency means. allowing your computers resources to solve complex computational problems.
When you set a mining rig, and keep it on for mining, What your mining rig does is that it starts to solve complex computational problems for other people.Once your miner solves it, you are rewarded with a small amount or cryptocurrency.
Want to protect your computer from hidden cryptomining? Try this
First know how someone else can mine cryptocurrency from your computer?
As cryptocurrency mining is a CPU intensive process, miners use hijacking techniques to use other individuals' computers for the task.
They can run malicious scripts on websites, browsers or fool you to install software bundled with cryptomining malware.
It would look legit, like the recently uncovered case of Adobe Flash Player, but would also install a mining malware in the background.
IDENTIFICATION !!
Identifying Cryptojacking via browser, websites :-
When a malicious code is used to infect browsers and websites, the malware continues to mine cryptocurrency as long as the browser is running or the infected site remains open.
Now I'll tell you what to do ?
(COUNTER MEASURE'S)
First, check if your system has been cryptojacked.
Once installed or run, the malware will start using your computer's resources to mine cryptocurrency, secretly. So, if your computer is heating up or making more noise, chances are you have been cryptojacked.
To be sure, check your computer's CPU usage via Task Manager (Windows) or Activity Monitor (Mac) and see if it is running at full capacity, even when sitting idle.
ALTERNATIVE !!
Alternatively, you can go for Opera's Cryptojacking test.
If you're still confused, go for the automated 'Cryptojacking test' ( https://cryptojackingtest.com/ ) designed by Opera. Just visit this link and click the 'Start' button. The tool will analyze your CPU's performance in the background and confirm if you've been cryptojacked in a matter of seconds.
PREVENTION TECHNIQUES !!
How to prevent cryptojacking attacks?
To prevent cryptojacking attacks on your PC, install a reliable antivirus software - one that should have cryptojacking definitions in its virus libraries.
Technically, the antivirus should protect browsers and websites too, but you can also install dedicated cryptomining blockers on your web browsers to prevent attacks via web.
Already cryptojacked? Here's what you can do
If you find that your computer has already been cryptojacked, try locating and uninstalling the malware that has been consuming your CPU's power through Taskmanager .
Once the uninstallation is successful, run a full PC scan with an antivirus. And if the malware is working via browser, we'd recommend you to update it and install a blocking extension right away.
If nothing helps, reset the system.
I HOPE MY ARTICLE WILL HELP YOU FREE YOUR CHAINS FROM CRYPTOMINING.
This is just written for the acknowledgement of the reader's from various other inspired sources and I am not responsible for any Legalities.
- Bhaskar
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