New academic research released by RWTH Aachen University has discovered that cryptocurrency miner CoinHive is very profitable. In fact, it’s generating over $ 250,000 worth of Monero profit every month by hi-jacking internet users’ CPUs. One of the users could have easily been you.
The research itself provides a broad overview of browser-mining activity across the Web. It reveals that Monero accounts for 75 percent of all browser-based cryptocurrency mining. The organization CoinHive is behind most of it. Thus, it is no wonder that security and investigation reporter Brain Krebs warns readers by claiming:
Multiple security firms recently identified cryptocurrency mining service Coinhive as the top malicious threat to Web users.