Comments: Over 1.65 Million Computers Infected With Cryptocurrency Miners in 2017 So Far

Yes, I started research in 2010 - 2012 that collected data on Botnets and GPU mining.

GPUs always lead to criminal groups controlling the system. ASICs can resist malware and can be managed better such that malware is not an issue, hence no botnets
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100 ASICs (S9's) == a Botnet of 10 million hosts

So, the Botnet cannot win with ASICs
The Botnet ALWAYS wins with CPU/GPU as they do not pay power
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Posted by CSW on ASIC & GPU mining at November 14, 2017 07:19 AM

A GAMING SOFTWARE company has been slapped with a $1 million fine after secretly adding bitcoin mining software to a product update earlier this year.
....
Back in the spring, those 30 bitcoins were worth only a few thousand dollars, but at today's rates, it comes closer to $17,000.

The botnet's haul was so good because six months ago, serious gamers like ESEA's customers made excellent soldiers for a botnet army. Gaming machines have powerful graphical processing units that are pretty good at bitcoin mining. Since the spring, however, the bitcoin mining game has become a lot harder, and miners now use custom-designed chips to earn payouts on the bitcoin network.

Posted by 2013 gaming company fined at November 14, 2017 08:49 AM

TERRITORIAL BEHAVIOR AND THE ECONOMICS OF BOTNETS
Craig S Wright
School of Computing and Mathematics
Charles Sturt University
Wagga Wagga, NSW, Australia

Abstract
This paper looks at the economics associated with botnets. This research can be used to calculate territorial sizes for online criminal networks. Looking at the types of systems we can compare the time required to maintain the botnet against the benefits received. In doing this it will be possible to formulate economic defence strategies that reduce the benefits received through the control of the botnet. We look at the decision to be territorial or not from the perspective of the criminal bot-herder. This is extended to an analysis of territorial size. The criminal running a botnet seeks to maximize profit. In doing this they need analyse the costs expended and benefits received against the territorial size. The result is a means to calculate the optimal size of the botnet and the expected returns. This information can be used to formulate security strategies that are designed to reduce the profitability of criminal botnets.

Keywords
Botnets, Economics, Game theory, Internet Security, Malware

Posted by TERRITORIAL BEHAVIOR AND THE ECONOMICS OF BOTNETS at November 14, 2017 08:51 AM

The world's largest oil pipeline operator reportedly had some of its computer systems affected by cryptocurrency mining malware.

Russian pipeline giant Transneft, according to Reuters, recently had to clear malware from its systems that clandestinely mined the privacy-oriented cryptocurrency monero. It's not clear how many computers were impacted, but Reuters quoted a senior Transneft official who referenced multiple "incidents" during which the malware was discovered.

"Incidents where the company's hardware was used to manufacture cryptocurrency have been found. It could have a negative impact on the productivity of our processing capacity," Transneft vice-president Vladimir Rushailo reportedly told company executives during a meeting yesterday.

Transneft said that it has moved to shore up its cybersecurity systems in order to prevent those kinds of malware from being downloaded onto its computer systems.

The pipeline company is one of the most high-profile firms to date to be affected by the malware, which effectively operates in the background of a computer and uses spare capacity to mine cryptocurrencies.

Several notable websites have been impacted in recent months, including a pay-per-view platform for Ultimate Fighting Challenge and an on-demand video service run by Showtime.

https://www.coindesk.com/mixed-mining-arts-ufc-website-removes-coinhive-cryptocurrency-code/
https://www.coindesk.com/reports-showtime-websites-used-secretly-mine-cryptocurrency/

According to a cybersecurity report published in October, the CoinHive monero mining software became the sixth-most malware that month.

Posted by Monero Mining Malware Hits Russian Pipeline Giant Transneft at December 17, 2017 09:48 AM

‘A lot of geek clients were really excited when I taught them how to build a mining rig for me so they could mine 24/7 from their home.’

Posted by OK, not your ordinary abuse: This dominatrix made men mine $1 million in cryptocurrency for her at December 20, 2017 01:44 PM

... Exploiting a crucial competitive advantage and motivated by profit and a desire to learn the technology, students around the world are launching cryptocurrency mining operations right from their dorm rooms. In a typical mining operation, electricity consumption accounts for the highest fraction of operational costs, which is why the largest bitcoin mines are based in China. But within Mark’s dorm room, MIT foots the bill. That gives him and other student miners the ability to earn higher profit margins than most other individual miners. ...

Posted by The secret lives of students who mine cryptocurrency in their dorm rooms at January 9, 2018 04:19 AM

...
The goal of this article, is to explain how can be done the attack of MITM (Man(Person)-In-The-Middle) to inject some javascript in the html pages, to force all the devices connected to a WiFi network to be mining a cryptocurrency for the attacker.

The objective is to have a script that performs autonomous attack on the WiFi network. It’s what we have called CoffeeMiner, as it’s a kind of attack that can be performed in the cafes WiFi networks.
...

Posted by CoffeeMiner: Hacking WiFi to inject cryptocurrency miner to HTML requests at January 11, 2018 04:44 PM

When Stensul CEO Noah Dinkin visited a Starbucks in Buenos Aires recently, he probably didn’t expect to be served some sneaky cryptocurrency miner code along with his coffee. But thanks to the store’s internet provider, that’s exactly what he got.

“Hi Starbucks, did you know that your in-store wifi provider in Buenos Aires forces a 10 second delay when you first connect to the wifi so it can mine bitcoin using a customer's laptop?” Dinkin tweeted on December 2. “Feels a little off-brand.” Dinkin wrote that Bitcoin was the digital currency being mined, but CoinHive, the company that provided the code for the miner, only works with Monero, a competing coin.

Surreptitious cryptocurrency mining has become a bit of a phenomenon of late. The value of digital currencies is skyrocketing across the board, so companies and websites are getting in on the gold rush by injecting a user’s browser with code that hijacks their processing power to generate digital tokens. This process, known as “mining,” is resource-intensive and can significantly impact performance.

Read More: A 'Fortnite' Cheat Maker Duped Players Into Downloading a Bitcoin Miner

On December 11, Starbucks responded to Dinkin’s tweet, acknowledging the issue and announcing that it’s been resolved. ...

Posted by Starbucks Wi-Fi Hijacked People's Laptops to Mine Cryptocurrency at January 11, 2018 04:45 PM
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