What Is Hidden Mining, Why Is It Dangerous and How to Delete the Virus? 1429

mining

It often happens that when a new method of earning arises, some people begin to create dishonest schemes for its use. Today we will talk about such a concept as hidden mining. In this article you will learn how the intruders take possession of the computing power of unsuspecting people. We’ll figure out how to test your computer for such mining viruses and delete them without consequences for your own equipment. So, let’s talk about everything step-by-step.

Contents:
(please, click the topic to scroll down to it)

  1. What is hidden mining?
  2. The principle of hidden mining
  3. How to find and delete the shady mining virus from your PC?
  4. Conclusion

1. What is hidden mining?

Scammers can hide the mining virus in any file, up to a torrent, a document or a picture. Getting into the system, the miner bot is installed in the hidden mode and disguised as the Windows registry, so it can remain unnoticed for a long time.

2. The principle of hidden mining

We have already explained how to hide the mining virus, it is time to talk about the basic principles of its work. By infecting a computer, this virus gets access to the processing power of its CPU. After that, it connects to a certain mining pool, which is engaged in cryptocurrency mining using processors. This mining brings a penny from one computer, so the main purpose of scammers is to infect as many devices as possible.

You might have guessed that all the mined money goes straight to the wallets of attackers. Bots can be different, more complex ones can monitor CPU overloads and make adjustments to their work based on this data. That is, if the virus sees that the computer is overloaded, then it turns off the mining so as not to attract unnecessary attention. Some versions of viruses have an additional clone of the source file, which will automatically restore it after uninstallation.

3. How to find and delete the shady mining virus from your PC?

If your computer starts freezing for no reason, although you do not perform any power-consuming tasks, it is already a bad sign that it can be infected with a hidden mining virus. So how do you find the hidden miner? You need to carry out a number of actions:

  1. Test the operation of the device during the execution of simple tasks;
  2. Open more complex programs, such as games;
  3. Run a load test of the graphics card and CPU during operation and after closing background applications;
  4. Analyze the indicators in all of the above loads.

If you find inconsistencies in the system performance report during the above-mentioned tests, then it is likely that your computer is infected with a hidden mining virus.

The next logical step will be to delete it, but this process is not as simple as it may seem at first glance. The fact is that scammers are working every year to improve the algorithms for bypassing the security system of antivirus programs. Thus, the deletion of the bot-miner should be approached with all responsibility. So, how do you delete it?

  1. First, backup all of your important files to an external storage device. It is very important, do not make a full backup of the files, as in this case you will transfer a virus file as well.
  2. Next, install a fresh update of the antivirus software. Additionally, you can install the program CCleaner, it works well in tandem with the antivirus and will increase the chances of completely removing the “program metastases” of the miner.
  3. Before you perform a search on the mining virus, close all applications that run in the background. This is necessary in order to make it easier to recognize malicious software, as it is often masked by the standard processes of the system.
  4. Get rid of all programs or games that were downloaded from questionable sites. After that, run a deep scan of the system for viruses and study all the processes in the task manager, if any of them loads the processor more than 15-20%, then most likely it is the hidden miner.
  5. More complex miners are not displayed in the task manager, and you will  need to download and install a special plugin that neutralizes spyware in automatic mode to get rid of it, for example, Malwarebytes Anti-Malware, CurelT, etc.
  6. If nothing helps, you should perform a full formatting of the hard disk and reinstall the operating system.

4. Conclusion

Many scammers use special viruses in order to use the computing power of multiple computers and mine cryptocurrency in such a way. This leads to inconveniences during the use of a PC, because the system does not work properly. In this article, we learned how to detect a hidden miner on your computer and get rid of it once and for all.

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Where is it Better to Exchange Coins: On the Stock Exchange or In the Exchanger? 567

exchange coin

The vast majority of all operations with the cryptocurrency is carried out on exchanges with multi-million turnover. And what are the exchangers offering promising conditions for buying / selling the cryptocurrency? How do they differ from exchanges? We will consider it in this material.

Content:
(please, click the topic to scroll down to it)

  1. What is the exchanger?
  2. How does the online exchange of cryptocurrency work?
  3. Principal differences between the stock exchange and the exchanger
  4. Where is it better to buy/sell cryptocurrency
  5. Advantages of online exchangers
  6. What should a safe exchanger look like?
  7. Conclusion   

1. What is the exchanger?

The name gives the answer – it is the place where you can exchange the cryptocurrency for fiat or for other coins. There are two types of exchangers:

  • Online. This is a site where a visitor can make a purchase / sale of a cryptocurrency at a fixed rate.
  • Offline. Here, the currency can be exchanged for real money, having received a cache in the specified place – at the checkout or office.

Exactly the same is the work of known to all exchangers, working exclusively with fiat money.

2. How does the online exchange of cryptocurrency work?

The main condition for someone who wants to buy a coin is the presence of a cryptowallet. If any, the procedure is simple:

  1. Simple and not always compulsory registration;
  2. In the menu, find the currency you want to buy or sell;
  3. Fill in the fields with the requisites;
  4. Agree with the exchange rules and click “Exchange”.

You will be notified of the operation by e-mail notification. Cryptocurrency exchangers work in different modes:

  • Manual mode assumes that each operation is processed by an operator. It’s always long.
  • In semi-automatic mode, Bitcoin exchange can last half an hour or more, depending on the exchanger.
  • In the automatic mode, currency cranes operate with immediate withdrawal of funds.

The cryptocurrency exchanger has little to do with a stock exchange, with its adjustments, quotations, orders. But the investor is more interested in the price than the technical side of the exchange.

3. Principal differences between the stock exchange and the exchanger

At the exchange there are traders who determine the price of coins. In the exchanger, trading is inappropriate, because the course is determined by the owner of the resource. Is it good or bad?

On the one hand, there is no place for exchange speculation on the exchanger. On the other hand, there is always a real coin price on the stock exchange, which rarely coincides with the exchanger’s rate.

4. Where is it better to buy/sell cryptocurrency

If it is a matter of profit, then on the exchange with its market rate. The owner of the exchanger, of course, is guided by stock quotes, but his rate is always higher. By the way, the commission in the online cryptocurrency exchanger can differ from the stock exchange in the tens, and even hundreds of times.

In terms of convenience, the exchange also looks preferable, as it works around the clock without days off, which cannot be said about many exchangers.

An important point is the amount of currency reserves. If there are no problems for an exchange with a multimillion-dollar daily turnover  to make almost any transaction , then a poor exchanger can sometimes offer to wait an hour or two before the required amount of bitcoins or fiat appears. The security of the exchangers also raises doubts. If the top-level exchange is guaranteed to be protected against cyber attacks, then how this issue is decided by the owner of the exchanger is known only to him.

5. Advantages of online exchangers

All of the information mentioned above does not exclude the essential advantages of the cryptocurrency exchangers:

  • User-friendly interface. Registration procedure is extremely simplified, and often completely absent.
  • Any exchanger is fully integrated with all popular payment systems.
  • For registered customers, there is a program that provides an incremental discount for each subsequent exchange.

But all these advantages do not matter if the exchanger offers a disadvantageous course.

6. How should a safe exchanger look like?

A successful exchanger must work at least for a year. To be confident in successful exchange, you should take an interest in reviews on independent resources. In view of the volatility of the cryptocurrency, it is necessary to give preference to exchangers with automatic or semi-automatic mode. A good exchanger has enough reserves of cryptocurrency and fiat, it and its support work around the clock.

7. Conclusion

Online exchanger is a fast service for buying or selling coins. But it is completely unfit for trader strategies, since its commission can eat all the potential profits.

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What Is the Process of Tokenization or How Can Any Person Create His/Her Own Token? 1440

tokenization

In this article, we will consider such a concept as tokenization. We will learn how it is used by various companies and how the technology of blockchain is used here.

Contents:
(please, click the topic to scroll down to it)

  1. The concept of “tokenization”
  2. The process of tokenization in the modern sense
  3. Tokenization in tandem with blockchain technology
  4. Conclusion

1. The concept of “tokenization”

Initially, tokenization technology was used to implement secure online payments. With its help, you can encrypt the data of real details and replace them with the generated hash code – a token. This is how the first concept of tokenization looked like, and the modern designation, which is now widespread in blockchain projects, has gone from there. Today the word “token” refers to a unit of an asset in a certain company.

2. The process of tokenization in the modern sense

Tokens can be compared to the labels that fill the desktop of each computer. Shortcuts are created in order not to litter drive “C” with heavy files, but at the same time to have quick access to them. Shortcuts are just the way to the program, folder, etc. If you delete a file where the shortcut leads, then the latter will not represent itself any more.

So, by analogy with the creation of shortcuts on the computer, in our time, the business is tokenized in various spheres of activity. Tokens can be created for anything (electricity, oil, gold, cattle, wheat, real estate, part of any enterprise’s funds, intellectual property, etc.). Tokenization works with both physical and virtual objects. This practice greatly simplifies and accelerates the mobility of assets, because you need logistics, a certain amount of documentation to move a real object, and the converting of the token is slightly more than nothing.

Tokenization of homogeneous objects is a fairly simple task. For example, one token is equal to 1 gram of gold, but it can be further divided into smaller parts. It is necessary to increase the liquidity of the asset. Tokenization problems arise if the items that need to be transferred to the digital space have different values ​​(real estate, art objects, etc.). In this case, this process becomes a little more complicated, since it requires the contribution of additional variables. Platforms that offer to tokenize heterogeneous objects already exist (Artex, Atlant, etc.), but each of them is confined to its own narrow niche.

3. Tokenization in tandem with blockchain technology

Probably, it seems strange, but in fact, the technology of blockchain is not mandatory to produce a tokenization of the project. Actually, anyone can make an issue of tokens, backing them up with any of their tangible or intangible property. To do this, you only need to run the platform, where you can transfer the rights to own the asset in the token.

Then why do the overwhelming majority of projects use blockchain technology for the tokenization of their own assets? It’s all due to the transparency that this technology provides. With its help, it is guaranteed that there is no third-party intervention in the data registry. ICO tokenization in tandem with blockchain eliminates the issue of confidence in the developers. Also, the undeniable advantage of using this technology is the absence of intermediaries between buyers and sellers of assets, which simplifies and significantly speeds up the exchange process.

4. Conclusion

The process of tokenization involves the transfer of tangible or intangible assets into the digital space (tokens). This significantly increases the liquidity and mobility of the asset. With the help of blockchain technology the process can be completely transparent and safe, and also you can remove any intermediaries from the chain.

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The Essence of the Blockchain Technology and Cryptocurrency 717

essence of blockchain and cryptocurrency

In the last couple of decades, technological progress has accelerated its full-scale expansion on pretty much all spheres of human life. Every year there appears something new that can change the world and make it a little easier and more efficient. One of such inventions is the technology of blockchain and the new payment system created on its basis – cryptocurrency. In this article, we will try to explain what the blockchain technology is and why cryptocurrencies will change the world in the next 5-10 years.

Contents:
(please, click the topic to scroll down to it)

  1. The essence of the blockchain technology
  2. Cryptocurrency types and their difference from other payment systems
  3. How are coins extracted?
  4. Forecasts for the cryptocurrency market
  5. Conclusion

1. The essence of the blockchain technology

Blockchain is quite a young technology, the first application that was launched on its base was Bitcoin, thus, blockchain is often referred to as a purely transactional network. In fact, the practical application of this technology is unlimited. Now there are blockchain applications that work in the fields of logistics, medicine, law, trade, rent, etc.

In short, blockchain is a chain, which consists of a large number of blocks, where various information can be stored. Each subsequent block stores data about each previous one in an encrypted form. The uniqueness of the technology lies in the fact that the entire register of data is decentralized, and its copies are simultaneously stored on tens of thousands of computers around the world. This provides the highest level of protection from third-party interventions. The data stored in the system is almost impossible to compromise, replace or delete.

Let’s review an example of where you could introduce a blockchain system. In order to achieve full transparency in the presidential elections (parliament, senate, etc.), they can be held on blockchain. If the government of any country dares to take such a step, it will be possible to consider that these are the first 100% non-falsified elections in the history of mankind. The technological base is already there, the matter remains for the world leaders, but most likely they will not be quite happy about such prospects.

With the help of this technology, intermediaries can be removed from the chain of interaction between buyers and sellers of goods and services, which makes cooperation more profitable and effective. The technology of blockchain has a great future, many analysts compare its importance to humanity with the invention of the Internet. It will be able to fully reveal its potential in the third decade of the 21st century.

2. Cryptocurrency types and their difference from other payment systems

As it has already been mentioned above, cryptocurrencies became the first mass applications that were built on the basis of the blockchain technology. The first one was Bitcoin, but in almost 10 years since its creation, about 2500 different coins and tokens having different value and performing different functions have been released. Some coins are designed purely for making payments, others can act as the domestic currency of a certain application, the third are able to guarantee dividends from developers for their holders. Types of coins are too numerous, you can read more about them in our article.

The main difference between cryptocurrency and traditional payment services is their decentralization. That is, coins do not have a specific center that can monitor the network. All participants of the system interact on the principle of equality, where each member of the community acts as a user and as a server at the same time.

Advantages over traditional payment systems:

  • Significant reduction of the commission and time of international transfers due to the absence of intermediaries. For example, a transcontinental payment for $99 million was recently made in the Litecoin network, the commission was only 40 cents, and the transaction took 10 minutes. Within the traditional payment systems, this would require 7-10 working days, and commission fees would be at least $100k.
  • Anonymity. Digital technologies both give us freedom and take it from us. Using a MasterCard or Visa, a person stops being anonymous. If you want, you can track the entire history of his/her purchases, his/her location, etc. Some cryptocurrencies guarantee total anonymity.
  • Absence of outside intervention. Any bank can freeze its client’s funds if it sees it fit. Since cryptocurrencies do not have a single center, such intervention in the work of individual wallets is almost impossible. Of course, it all depends on the type of wallet. For example, you can freeze your account at the exchange, but if the coins are on a hardware cold wallet, no one else has access to it, except its owner.

3. How are coins extracted?

Bitcoin is often compared with precious metals, in particular gold, because they have a number of similar characteristics:

  • limited amount (a total of 21 million BTC will be released);
  • the need for extraction (mining) and the gradual increase in the complexity of this process.

Some coins (such as Bitcoin, Ethereum, Litecoin, etc.) need to be mined. Let’s discuss what kind of process it is and how it works. So, coins are awarded to the miners who installed a certain amount of computer equipment and provided it for the system’s operation. You can obtain cryptocurrency in a variety of ways, even using a PC, but you should not wait for any serious earnings in this case. Miners often use more powerful hardware, such as video cards or ASICs. The computing power of miners ensures the operation of the system and the timely conduct of transactions.

4. Forecasts for the cryptocurrency market

It is worth noting that the market is now in a phase of deep correction in comparison with its peak values, which were observed in the January this year. But even if you look at the annual chart, you can see that the assets are showing good growth (about 250%). According to the two-year chart, the growth rate of capitalization is 21760%, and so on. So do not panic like most of the media. The fact is that there are many people who invested in late November-December 2017. Their outrage is justified, they lost 70-80% of their contributions, but it is unfair to make a conclusion from this that the cryptocurrency industry is collapsing.

Many analysts predict growth for this year by 20-30 times of today’s value. In general, analyzing the cryptocurrency market is a rather difficult task, and nobody can say for sure what rate will be at the end of the year. Let’s just say, there are no fundamental reasons for the collapse. As soon as the news background improves, the market should start to grow and possibly even reach new historical highs.

5. Conclusion

Many people interpret the technology of blockchain as a transactional-only network, but this is not true. The application spheres of this technology are numerous. Cryptocurrency is only the tip of the iceberg. Analysts predict the widespread introduction of decentralized applications in the 2020s.

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The Russian Hackers Who Supposedly Interfered with the US Presidential Elections Were Using Bitcoins 685

hackers used BTC to break into US elections

The American presidential election in 2016 is surrounded by controversies. There is a popular opinion that the victory of Donald Trump over Hillary Clinton was not that honest. One of the most popular theories is that the infamous “Russian hackers” influenced the results of the election.

However, new details of the investigation have just been released, namely, that the hackers were using cryptocurrencies to pay for operations.

According to the official indictment, compiled by the US Department of Justice, 12 representatives of Russian intelligence services have supposedly broken into the accounts of some American politicians involved in the presidential campaign of Clinton.

The hackers chose digital currencies, specifically Bitcoin, for making payments to support their operations, for example, buy servers, domains etc. They made such a decision “to avoid direct relationships with traditional financial institutions”.

The Bitcoins used by hackers were allegedly obtained by mining as well as “through peer-to-peer exchanges, moving funds through other digital currencies, and using pre-paid cards.”

Although, the investigation is still in progress, given the level of the US intelligence, it seems pretty doubtful that anyone could alter the results of the election, and the story with the “Russian hackers” is slowly turning into a legend.

On the other hand, it is quite possible that this news might affect the regulations of cryptocurrency in the US created by the SEC.

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Mining of the Most Promising Altcoin: What Do You Need to Know About Mining Ethereum? 1865

mining cow UFO

The Ethereum project with its technology of “smart contracts” opened up a completely different path for the cryptocurrency industry. The coin quickly occupied the second position in the global rating of Coinmarketcap, so many miners switched from Bitcoin to Ethereum. In this article we will explain how profitable Ethereum mining is, what it takes to start it and how promising the coin is.

Contents:
(please, click the topic to scroll down to it)

  1. What do you need to start mining Ethereum?
  2. Cloud Ethereum mining
  3. Forecasts for Ethereum
  4. Conclusion

1. What do you need to start mining Ethereum?

Let’s go over the list of necessary things that are necessary for the miner:

– a powerful video card, but the optimal option will be 4-6 pieces within a single farm;

– a PC or a farm, which already has Windows x64 installed (it is very important that the 64-bit version is installed);

– a monitor or its emulator;

– uninterrupted access to the Internet (not necessarily high-speed, but preferably wired, not WiFi);

– a mining pool, as solo mining is a rather complicated process that requires very powerful equipment;

– a wallet that supports Ethereum.

2. Cloud Ethereum mining

If you are too lazy to get into the technical nuances of mining farms or pay a good commission to people who are engaged in their assembly, then there is a simpler and uncomplicated way for you to mine Ethereum. Cloud mining does not require any extra time from you. Specialized companies that own entire data centers will gladly sell (or lease) you their own computing power. How does it work? You just pay for a certain amount of a hashrate and look at the precious coins that appear on your account.

If we talk about the financial component of the issue, everything is not so unambiguous. On the one hand, buying physical mining equipment for the same money, you will get more power and will be able to get more coins. On the other hand, farms can break down sometimes, they will have to be repaired and serviced. And if you decide to supply a large amount of equipment, you will still need to take care of the electrical wiring and the ventilation system of the room. With cloud-based mining, all these related costs are incurred by the data center.

It would seem that this is an ideal investment solution, but there are pitfalls as well. Firstly, it is rather difficult to find a worthy company that can be trusted. Secondly, long-term earnings will be lower than in physical mining.

3. Forecasts for Ethereum

You need to evaluate the prospects for the most large-scale decentralized platform for creating blockchain-based applications should not be done from the point of view of standard criteria for cryptocurrencies, such as: transaction speed and commission size. The future fate of Ethereum directly depends on the development speed of competitive projects (Cardano, Tezos, etc.)

Ethereum is currently the most demanded coin. This is caused by the ICO boom, more than 95% of which are conducted on the Ethereum platform. Competitors are still very far from the stability that is provided by the “baby” of Vitalik Buterin.

4. Conclusion

Ethereum is currently the most promising altcoin for mining. You can start doing it even with a small farm at home. If you do not want to bother with the installation and maintenance of your own equipment, you can do cloud mining.

Mining such a promising coin as Ethereum should be seen as a long-term investment, since the project has fundamental reasons for growth in the coming years. Therefore, we would not recommend selling mined coins here and now

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Crypto Scammers Attack Porn Lovers 1880

porn site viewers blackmail

The number of people who prefer to get hold of digital assets by stealing them is getting larger and larger. Moreover, the criminals in this sphere are becoming quite creative. This time the aim of scammers was the people who enjoy watching porn videos.

A bunch of viewers received a suspicious email from unknown people. The letter claimed that the attackers had videos from webcams of these viewers while they were watching adult videos. The criminals have supposedly installed a remote control program on the victims’ computers and filmed them secretly.

The letter also had a Bitcoin wallet address, where the payment in the amount of a little less than $2 thousand had to be transferred. Otherwise, the attackers threatened to reveal the videos. Bitcoin was chosen as the means of payment due to the fact that it is very easy and quick to transfer.

Even though, many people were pretty scared by this letter, it is likely to be a scam. The criminals did not even have a list of porn sites, the viewers of which became victims. Frankly speaking, it did not include any specific information which makes the whole situation quite doubtful.

The professor from the Cornell University posted an example of such a scam on his Twitter account.  

Experts advise people who became victims of crypto scammers not to react to their  messages and by any means not to send them money, since 99.9% of such attacks are just pure bluff. The attackers who can really break into security systems and steal digital assets are mostly aiming at large cryptocurrency exchanges.

We would like to remind you that the site Pornhub now accepts three digital currencies as a means of payment for videos and premium accounts.

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