New Python-Based Crypto-Miner Botnet Flying Under the Radar

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Published Monday, February 5, Cryptocurrencies are supported by miners, who dedicate colossal amounts of CPU central processing unit resource to mining scrypt bitcoin botnets complex cryptographic problems in order to verify transactions and add them to a public ledger: Miners are rewarded with newly issued mining scrypt bitcoin botnets for their efforts. The botnet was investigated by ProofPoint, a security company, which conducted an operation to estimate the size of its network.

At its peak, Smominru had infected mining scrypt bitcoin botnets thanWindows servers, with the majority of infected machines located in Russia, India and the Republic of China Taiwan. Windows servers are most vulnerable as targets, the ProofPoint report explained, as they are always switched on unlike PCs and have more processing power than PCs.

At least 25 of the host servers infected by Smominru have been used to further the scope of the network using EternalBlue to spread the script to other computers with publically available IP addresses.

A Monero mining script, Coinhive, was found to be operating on 2. Meanwhile, amid concerns about the volatile value of cryptocurrencies and moves by national and international leaders to regulate tradingLloyds Banking Group has banned the purchase of Bitcoin with credit cards. Our sites use cookies to support mining scrypt bitcoin botnets functionality, and to collect anonymous user data.

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Despite an increase in popularity over recent months amongst botnet operators, malware-powered Bitcoin mining brings little to no financial return, say experts. Security giant McAfee contends in its quarterly threat report PDF that commercial botnet controllers and malware packages have been adding cryptocurrency mining options to their list of services offered. The mining tools - offered alongside botnet task options such as spam runs or distributed denial of service DDoS attacks - put infected machines to use mining Bitcoin.

Unfortunately for the cybercrooks, however, it seems that a botnet-turned-mining rig doesn't actually make much money in real life.

McAfee found that the increasing difficulty of Bitcoin hashes, combined with the attrition rate from malware detections on infected machines, would make turning a profit from botnet mining nearly impossible.

According to researcher estimates, a botnet controller attempting to mine Bitcoin with a 10, system network would initially see a net loss in operations and with increasing difficulty cycles productivity would plateau off without turning much of a profit. That rate becomes even lower when mobile devices are added to the equation. Researchers note that with less powerful processors and limited battery life, mobile devices are ill-equipped to function as dedicated cryptocurrency mining tools, especially when this is done via covert malware infections.

Researchers conclude, therefore, that botnet kingpins are better off avoiding the Bitcoin mining game and sticking with other techniques. That would come as little relief, however, to owners of infected machines who will see their system performance and battery life take a hit whether or not the miner turns a profit. Minds Mastering Machines - Call for papers now open.

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