Research: Around 4.4% of Monero emission comes from malicious mining
Malware is responsible for the lower emission of the anonymous altcoin Monero than previously thought. This is the conclusion reached by researchers from King’s College London and the Carlos III University of Madrid..
“In this study, we provide an estimate of malware for mining cryptocurrencies as of today and an analysis of about 4.4 million malware samples (1 million malicious miners),” the authors of the report write..
According to their calculations, in the Monero network, which remains the target of malicious miners, illegal mining accounts for about 4.36% of the supply, or approximately $ 56 million. This figure is slightly less than what was quoted in another study published in June 2018 – its authors talked about 5% of such coins.
However, the latest post emphasizes that it is largely consistent with existing theories regarding hidden mining of Monero..
“One of the main reasons for this criminal business lies in the relatively low costs and high profitability. Our research on profitability is more credible than other work on this topic. Our findings complement these studies and show that malicious crypto mining is a growing and complex threat that requires effective solutions and intervention, ”the report says..
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