Crypto Mining

How does cryptocurrency work?
We started with Bitcoin, which was first described by Satoshi Nakamoto in his 2008 Bitcoin white paper. His idea is: to build a digital currency. This should be decentralized, meaning that neither the government nor the bank should manage it. The maximum number of Bitcoins should be limited to 21 million in order to exclude inflation from the beginning. However, unlike the central bank, bitcoin units are not printed like banknotes, but can only be generated digitally through computing power.

Its foundation is the so-called "blockchain". This is because in Crypto Mining or Bitcoin Mining, each individual transaction is grouped into "blocks". Then arrange them in a linear order and connect them together through a decentralized peer-to-peer network. All blocks have a so-called "hash value", which is the check code of the transaction. The check number sequentially contains each hash value of the current transaction and the corresponding hash value of the previous transaction. For their generation, a traditional computer can be used, which performs an encryption function, also known as a "hash function" (SHA256). Due to this procedure, manipulation of transactions is impossible, because subsequent changes in the chain will not only be highlighted, but also mathematically impossible.

Toexplain the difficulty of generating world currency briefly, there are two different possibilities for mining cryptocurrency. These are private crypto mining from home and crypto mining through the cloud. These two possibilities will be examined in more detail below: The cornerstone of each type of crypto mining of

private Bitcoin
is the so-called electronic wallet, which is used to store the cryptocurrencies generated during the mining process (such as Bitcoin, Monero, and corporate ). In addition, private Bitcoin mining requires a special program that can execute a hash function for mining.This can be easily installed and set up by any PC owner. Although you can still use your computer's CPU to run cryptocurrency mining at home, it is not recommended for economic reasons. One of the reasons is that there is a chip specially developed for crypto mining, called "ASIC" (application specific integrated circuit), which can increase the mining efficiency of cryptocurrency by a hundred times and increase the speed by seven times. But even so, it is not always profitable compared to crypto mining through the cloud.

Crythan clouds cry
if you want to encrypt mining operations at home, eliminating the trouble, you can hire a hash where mining service provider from the cloud. At the same time, there are countless different suppliers, some of which operate entire mines. You can sign contracts with different cryptocurrencies through the corresponding provider's website. The cost of the contract depends on the service hired. Therefore, the provider maintains the value independent of the cryptocurrency.

Legal and wrong smart mining-what is the difference?
Encryption mining is an extremely complex and resource-intensive process, so the cost is high. Although in the early days of Bitcoin and Co., using your own PC to mine the coveted online currency was enough, today the situation is different. Since the value of cryptocurrency decreases as the number of units generated increases, so-called "halving" often occurs. This ensures that from a certain point in time, it takes twice as long to generate a unit of cryptocurrency. This measure is necessary, otherwise there will be inflation. On the contrary, this means that more and more computing power is required to generate cryptocurrency units. Power consumption and hardware wear and tear are increasing rapidly. It becomes unprofitable to use your own computer for mining. Resource-rich crypto miners soon began to find new ways to mine cryptocurrencies more profitably.New possibilities soon emerged: one is to mine cryptocurrencies in countries with very low energy prices (such as Iceland, Venezuela, or Georgia). Entire industries in these countries have been developed, and some of them have become a problem for the stability of the country’s power supply. Due to the rapid increase in crypto mining activities, Iceland has experienced energy shortages. The result: a severe shortage of popular commodities, and higher and higher production costs. An almost free but illegal method is to generate cryptocurrency with the help of a botnet. The goal here is to make as many computers as possible part of such a network and allow them to mine cryptocurrency in the network. The generated units are then credited to the electronic wallets of cybercriminals. For this reason, they smuggled malware onto the victim's computer. The following describes how criminal miners succeeded in this regard.

Illegal crypto mining-how criminals invade your computer
using JavaScript commands to perform crypto mining.
Basically, two types of illegal cryptocurrency mining must be distinguished. The most common method is to use the crypto mining program Coinhive, which is classified as a "potentially harmful program" by most antivirus programs. Since it is based on JavaScript, it can be easily installed on web pages and can be easily downloaded by most browsers. However, the legal situation is unclear. Information security expert Brian Krebs recently called the program "one of the biggest threats to network users." In fact, the method of the plan is very perfidious. Sites infected by Coinhive force visitors to mine cryptocurrency on their devices-usually without the victim's notification or prior consent.Some of them even use full CPU power, such as the cryptocurrency mining program included on the website of Portuguese football star Cristiano Ronaldo. But this method has a decisive disadvantage for Coinhive users: cryptocurrency is only mined when someone is active on the website. If they leave the site, the encryption mining process will be aborted.

Once the blackmail
software -Begriffserklärung encrypt excavation by malware
using malicious software to encrypt mining is a completely different thing. This method uses malware specially designed for mining cryptocurrency. Cybercriminals use different methods to smuggle it onto the victim's computer. The most popular method of distribution is through an infected website. But pirated software is also suitable as a hiding place for encrypted mining dropper. If a user calls an infected download site, the malware will be unintentionally loaded onto the computer through drive-by downloads and start mining the selected cryptocurrency for the hacker. In order to take full advantage of the maximum computing power of the device, cybercriminals must act cautiously so as not to be discovered during the digging process. Because if a device always runs at 100% computing power, its owner can hardly operate it. In most cases, the user will then take countermeasures. Therefore, crypto mining malware usually uses only about two-thirds of its computing power. In some cases, malware is even programmed to detect the launch of applications that use resources and restrict the malware's activities accordingly. Even encryption mining malware that can bypass antivirus programs has been detected. However, many independently infected devices do not provide much use for cybercriminals.The important thing is that they can bundle the ability to mine cryptocurrency. Botnets are the ideal tool for this situation. Some of these networks contain thousands of computers, and the profits made by cybercriminals are correspondingly high. Malware is even programmed to detect the launch of applications that use resources and restrict the activity of the malware accordingly. Even encryption mining malware that can bypass antivirus programs has been detected. However, many independently infected devices do not provide much use for cybercriminals. The important thing is that they can bundle the ability to mine cryptocurrency. Botnets are the ideal tool for this situation. Some of these networks contain thousands of computers, and the profits made by cybercriminals are correspondingly high. Malware is even programmed to detect the launch of applications that use resources and restrict the activity of the malware accordingly. Even encryption mining malware that can bypass antivirus programs has been detected. However, many independently infected devices do not provide much use for cybercriminals. The important thing is that they can bundle the ability to mine cryptocurrency. Botnets are the ideal tool for this situation. Some of these networks contain thousands of computers, and the profits made by cybercriminals are correspondingly high. The important thing is that they can bundle the ability to mine cryptocurrency. Botnets are the ideal tool for this situation. Some of these networks contain thousands of computers, and the profits made by cybercriminals are correspondingly high. The important thing is that they can bundle the ability to mine cryptocurrency. Botnets are the ideal tool for this situation. Some of these networks contain thousands of computers, and the profits made by cybercriminals are correspondingly high.

How to effectively protect your knowledgeable?
First of all: there is no "that" protection against illegal encryption mining, but a combination of different security solutions to combat unwanted mining. On the one hand, it is important to understand how cybercriminals conduct illegal encryption mining and what tools they use. Correct safety awareness can lay the foundation for effective prevention. As a supplement, you should install an antivirus program that is always up to date on your computer-this naturally applies to all other programs and operating systems. If you want to download software from the Internet, you can only download it from a reliable source. The emergence of Meta Mining is to solve the problems of personal users or corporate users downloading mining software through unknown channels and being invaded by computer hackers, resulting in low mining efficiency, low returns, and high investment. Use the cloud mining system developed by Meta Mining. Stable, efficient and safe.