Symantec and ESET, cybersecurity companies, published a report on mobile crypto-jacking. The Internet Security Threat Report issued by the Symantec revealed Singapore positioned sixth and twenty-fifth in the crypto-mining attacks in Asia-Pacific region and global respectively. When the users visit a website attacked by cybercriminals, they are prompted to mine cryptocurrency through mobile phones.
The Nvidia Chief Executive emphasized the need for the company to increase graphics processing units (GPU) production. Jen-Hsun Huang, who is also the co-founder of the company, stated that they are ‘not anywhere near the’ demand. He added, “Crypto miners still comprise only a small portion of Nvidia’s total business.”
An annual event organized by World Wildlife Fund Earth Hour, this year has invited crypto miners to join the campaign. Russian crypto community will be organizing an event within the Earth Hour named “Crypto Hour” as an effort to encourage eco-friendlier blockchain technology.
A crypto mining program has been set up by the Venezuelan President, Nicolas Maduro, as an act of strengthening the country’s oil-backed cryptocurrency, Petro. The program aims to encourage its citizen start-up a crypto mining farm and targeted to attract the university student, the unemployed, single mothers and even homeless.
John B Rhodes, the chairman of New York State Public Service Commission, has announced that the municipal power authorities can charge high on electricity used for crypto mining. The New York Municipal Power Agency filed a petition stating that the crypto mining business impacts the utility bills of local residents. Plattsburgh city may expect halt in the crypto mining business for 18 months.
An IT manager for Florida’s Department of Citrus Matthew McDermott has been arrested for allegedly using official computers for cryptocurrency mining at work. After some further investigation, utility bill for electricity spiked over 40% as cryptocurrency mining demands more power for efficient processing.
The treat coming from malicious cryptocurrency miners have increased since the spiking price of bitcoin last year, 2017. Microsoft admitted receiving a high number of enterprise computers for mining purposes, highlighting although applications used weren’t malicious, however clearly unauthorized.
New graphics card expected to be launched by NVIDIA soon and rumours to be strictly made for cryptocurrency miners only. As reported, the new graphics card won’t have any video output to put GPU connected to a monitor and there is no indication of the pricing released yet.
Bitmain, the cryptocurrency miner and mining equipment manufacturer, has diversified to cater the needs of Russian Market. The company has established a tech support center in Irkutsk, Siberia. The tech support would repair ASIC rigs and replace the defective materials that are warranted. Two other repair centers are operating in Hong Kong and California.
The network users in Egypt have been allegedly redirected to mine cryptos. The researchers at the University of Toronto revealed that the Telecom Egypt has been tricking network users by directing them to crypto mining sites and ads that secretly generate money. It is exposed that nearly 5700 people were hijacked by AdHose.