500 Million Users Affected Every Month By Pirates to Mine Cryptocurrency

Cryptocurrency

At AdGuard experts suggested that the new phenomenon that has seen a some of sites caught using website visitor’s CPU power to mine cryptocurrency, in fact may be a bigger problem than it seems to be.
At first there was The Pirate Bay, illegal torrent site, that was shown to be secretly mining Monero through Javascript. After it there was online streaming site, ShowTime, which also exhibited the same Javascript.

“However, the pirate mining pandemic seems to be much larger as AdGuard have suggested that over 220 sites are actively, and mostly secretly, doing it, affecting over half-a-billion users a month.”

There are a lot of such sites. These sites that have come forward and admitted that they are using users’ CPU power to mine cryptocurrency are likely using such web-miners as CoinHive and JSEcoin. Verification of blockchain transactions requires significant computational resources when working with these things. It revealed that in the last three weeks the people behind these schemes have made more than $43,000.

The likes of CoinHive have expressed their discontent that many sites have gone about things when it has come to using their script. Actually, many responded to The Pirate Bay, after they came clean, saying they don’t mind, as long as they can give an agreement.

Coinhive publicly asked those using its script to adopt a permission-based model. However, it is impossible to make such requests mandatory. Although this mining is not as evil-minded as contaminating users with Malware, it still puts additional strain and wear-and-tear on people’s’ CPUs. The rush to get hands on cryptocurrencies has witnessed many different and diverse methods crop up as cryptocurrencies now are such a hot commodity.

To be honest, the purposeful implementation of scripts is not the only way that Pirate miners use for fundraising. A fact-checking website, PolitiFact, was running a script to mine cryptocurrency but has since removed it. The site is now investigated in order to reveal the script’s origins.

Polli Bormotova

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