Coinhive Mines 1.18% of Monero (XMR) Coins Monthly
Cryptovest
Published Aug 16, 2018 08:24AM ET
Updated Aug 16, 2018 09:40AM ET
Coinhive Mines 1.18% of Monero (XMR) Coins Monthly
Coinhive, the Java-based web script that uses the hardware of website visitors to mine cryptocurrencies, contributes 1,271 or 1.18% of Monero (XMR) coins mined in a month, according to a study by German RWTH Aachen University.
The study , carried out by a team of specialists in communication and distributed systems, found that Coinhive mined Monero coins worth $250,000 over four weeks this spring. In order to conduct their research, the authors developed a new fingerprinting method to identify mining code and checked a set of .com/.net/.org domains and the Alexa Top 1M list.
The fingerprinting method discovered that the popular tools for detecting sites running the Coinhive code, such as the NoCoin block lists, are not effective in 82% of the cases.
Coinhive was created last year with the purpose of provi...
This article appeared first on Cryptovest
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