Mining

A huge percentage of cryptojacking campaigns to temporarily stop after March 8

Cryptojacking campaigns have been a major problem for people who unknowingly find themselves mining cryptocurrency. But after March 8, these campaigns will have scaled down although not for long.

This is because Coinhive, a JavaScript code meant to mine Monero and which is majorly associated with cryptojacking campaigns, will be shutting down its services in March this year. In an announcement, the team behind Coinhive has said that the prolonged bear market has forced them to discontinue their service.

Additionally:

The drop in harsh rate after the last Monero hard fork hit us hard. This and the announced hard fork and algorithm upgrade of the Monero network on March 9 has led us to the conclusion that we need to discontinue Coinhive. Mining will not be operable anymore after March 8, 2019. Your dashboard will still be accessible until April 30, 2019, so you will be able to initiate your payouts if your balance is above the minimum payout threshold.

It’s good to note that the Coinhive JavaScript code was originally meant to genuinely offer in-browser Monero mining capabilities. However, most people think of it as a malicious code since criminals have extensively used it to forcefully mine Monero on victims’ computers.

According to Troy Mursch, a researcher, Coinhive has a 62 percent share “of all websites using a JavaScript cryptocurrency miner

Cryptojacking campaigns have not only affected computer browsers but they have found their way into applications on Google Play and Windows Store. With Coinhive officially shutting down their service and Monero upgrading its network, the cryptojacking campaigns relying on Coinhive will also have to shut down.

However, a cryptojacking free environment will be hard to maintain since there are Coinhive alternatives in existence.

Do you think it’s possible to completely eradicate cryptojacking campaigns?

Let us know your thoughts in the comments section below.

coinmag

Philip is an experienced blogger keen on staying updated with trends and news surrounding the blockchain and Bitcoin space. With several years of freelance experience in various industries, Philip brings his knowledge and experience into the crypto space.

  1. Nathan Wosnack

    March 4, 2019

    I do believe it is possible to help mitigate cryptojacking with the proper malware detection tools, in collaboration with anti-virus companies. But security is a process not a product. Complete elimination is a pipe dream.

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