New York, NY (Top40 Charts) By far, the most popular cryptocurrency is Bitcoin, created in 2008-2009 by Satoshi Nakamoto. That is why the popular majority of people decide to mine this particular type of virtual money. However, you need to understand that the flip side of the business is the high risk of becoming a victim of scammers. Bitcoin mining is not as open as it was in the beginning, especially as the entry barrier increased in 2013 with the advent of ASIC devices.
Rules of the Mining Game
An important principle of the most popular virtual payment system is the random distribution of the issued Bitcoins. To make this process more predictable, special online services called mining pools have been created. Individual users put available computing power at their disposal to make "the wheel run." Ultimately, the bitcoins received as a reward for the issue are distributed among the participants in the pool in accordance with its rules. The software's capabilities allow users to work in a pool much more efficiently than on their own, which has led to the widespread adoption of this type of mining. If you succeed in crypto mining, you can always turn to a $1 deposit casino canada and double the money you have.
Hidden Mining and How to Protect Yourself From It
There have been recent reports that some popular sites "detected" programs that allow mining by using the resources of visitors' computers. It is obvious that such activities can hardly be called legal. The basis of this method was the placement of mining software on compromised computers and servers. The solution uses the processing power of the processor of the infected machine or visitors to the infected site to secretly mine digital currency. This process describes cryptojacking algorithms. So what is cryptojacking, and how does it fit into this scheme? Cryptojacking or hidden mining is just the process when attackers use the processors of visitors to the site on which the miner is installed.
The whole process begins with the fact that a miner is loaded onto the site, which is a JavaScript code. This file can be placed either by the site owner himself or by a cybercriminal who hacked such a site. When a user visits the platform, a JavaScript file is launched that uses the power of the visitor's computer to mine digital currency. That is, while such a user is there, his resources will work for those who placed the miner on this site.
Uncontrolled use of a script for mining can be harmful, as it imposes an additional load on the user's computer. In the best case, this will lead to a slowdown in the device. In more sad scenarios, overheating of the processor, freezing of the computer, sudden shutdown, or even damage to the hardware component on some devices can even happen.
Let's look at ways to protect yourself from scammers; here are the most basic steps:
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The first step is to switch from HTTP protocol to HTTPS so that scammers do not see what you are doing on the sites you visit. This will allow you to mine bitcoins confidentially and protect yourself from hash theft;
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The second step is to switch from JSON to the Stratum V2 binary, which doubles the weight of the transmitted traffic. It also helps to hide from third parties that you are mining bitcoins;
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The next step is to install programs that can be used to mine cryptocurrencies. The choice of a specific product is primarily determined by the capabilities of the user's computer. Obviously, for different configurations and computing power, the efficiency of various programs will be different. The simplest mining option is using a cloud pool. In this case, the capacities of a specialized company are rented or bought together with the software installed on them;
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Hide your power consumption. If you only use one or a few ASIC devices, these steps will help you keep mining confidential and safe. Large-scale mining leaves a thermodynamic footprint that is difficult to hide.
Conclusion
In this review, you have learned the main ways to protect yourself when mining bitcoins. You have also figured out how to counteract the hidden mining of digital currency at your expense. Of course, there are also more complex scenarios, for example, mining inside word documents - attackers do not sit still. In addition, there are other potential problems in the mining of bitcoin and other cryptocurrencies. First of all, it is associated with unclear legal status, which also varies from country to country. In today's global financial market, this is a major obstacle to further growth. Secondly, the main condition for the popularity of cryptocurrency is its trust. This criterion can hardly be called stable and objective. Therefore, any problems that arise can easily bring down even the most popular cryptocurrency.
