Crypto News | Mining Malware Infects 400,000 PCs

Cryptocurrency mining is a very interesting business. You have hobbyists and people using their GPUs to mine a couple of altcoins every now and again, you have massive mining farms in China, and then you have wannabe cyberspace pirates who are using the new cryptocurrency frontier to relive their Wild West fantasies. After Tesla’s cloud stagecoach was robbed and a massive stash of mining hardware disappeared in the frozen land of Iceland, an unknown group of hackers used sophisticated trojans to infect 400,000 PCs with mining malware in an attempt to steal the computers’ resources for mining. The attackers primarily targeted users in Russia (73% of the attacks), Turkey (18%), and Ukraine (4%). According to a report from Microsoft’s AV team, Windows Defender was able to detect and prevent most of the attacks. The trojans masked their attack as legitimate Windows processes. The mining malware was supposed to be used to mine Electroneum, which was discovered when it tried to connect with its control server on the Namecoin network.

What’s even worse, according to a separate report, several internet service providers in Turkey, Syria and Egypt have been caught using local internet connections to deploy mining malware. The malware is browser-based, with the providers using Sandvine’s Deep Packet Inspection technology to manipulate web traffic and redirect users’ computers to websites that spread malware and spyware.

In the face of these mining horror stories, rumors of Bitmain’s new mining facility in the U.S., called “Ant Creek”, come as a breath of fresh air. Publicly available documents show that the data facility is planned near Port Walla Walla, Washington. The town will lease 40 acres of land to Bitmain Technologies, and the project should rake in $7-10 million for the company, while providing the citizens of the county with 15-20 full-time jobs. Aside from Washington, Bitmain will also build facilities in Canada and Switzerland.

On a lighter (and warmer) note, Qarnot, a company based in France, has just released a device called “Crypto-Heater or QC-1”. It is a cryptocurrency miner which doubles as a home heater. Two graphics cards are generating the heat and mining cryptocurrencies at the same time. When it’s extra cold, homeowners can activate a heating booster mode. Unlike other miners, the Crypto Heater is noiseless and, best of all, it looks great – it should fit in in any home, making money 24/7, with guests and visitors none the wiser.

With the price of BTC recovering and technical improvements on the horizon, perhaps it’s time to invest in your own crypto mining heater. After all, it beats getting hacked!

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