Cryptocurrency

Over 500 million PCs are secretly mining cryptocurrency, report

There are multiple ways to get your hands on cryptocurrency, one of the possible ways is ‘Mining‘ which can give you cryptocurrency out of thin air. The miners run a special mining software and take part in processing transactions that have happened over that coin network.

Researchers have discovered that 500 million PC users are inadvertently mining for cryptocurrency owing to visiting websites that have mining scripts installed in the background. The mining of cryptocurrencies is, although, happening in users PCs but the mined cryptocurrency is given to the website owners, a very unfair scenario.

Must Read: A step by step guide on how to buy Bitcoin

The research has been done by Ad blocking firm AdGuard. AdGuard found that as many as 220 popular websites with a reader base of half billion people are using crypto mining scripts in the background without any disclosures.

Owing to this, the visitors from US have been the majorly impacted segment. 18.7 percent US websites are engaged in the crypto mining activity. According to the research, these scripts hack the CPU of a machine, and then a part of it is reserved for the crypto mining efforts affecting the performance of PC and making it considerably slower.

Most of the websites involved in such an activity are considered non-credible, shady and low quality but the experts are foreseeing the mainstream credible website adopt this way of generating revenue in future. But these websites will first have to take a permission of users before installing any such script to readers’ PCs.

For now, if you think your PC is running slow, you might want to check if it has become a part of a huge crypto mining network.

Sponsored
TechJuice

Pakistan's premier website covering everything about Technology, Startups and Entrepreneurship! Email: editors@techjuice.pk

Share
Published by
TechJuice

Recent Posts

Yahoo Surprises Users with Its Latest Android Launcher

Third-party apps have long been a staple of the Android ecosystem, but their appeal has…

53 mins ago

Phase-II Review of PTCL-Telenor Deal Finalized by CCP

ISLAMABAD: The Competition Commission of Pakistan (CCP) has completed its Phase-II review of Pakistan Telecommunication…

58 mins ago

Xiaomi’s SU7 Achieves New Production Record, Driving Q3 Growth

Xiaomi has shattered records by producing 100,000 vehicles in just 230 days. This is nearly…

2 hours ago

Teachers Can Now Access OpenAI’s Free AI Course

OpenAI, in collaboration with nonprofit organization Common Sense Media, announced on Wednesday the launch of…

3 hours ago

WhatsApp-Inspired Updates Under Testing in Google Messages

Google is exploring a revamped image-sharing interface in its Messages app, taking cues from WhatsApp…

4 hours ago

Create AI Video Backgrounds with YouTube Shorts’ Dream Screen

When it comes to online video streaming, YouTube is among the most well-known options. Every…

4 hours ago