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Blockchain mining is the process of solving complex mathematical equations to verify blockchain transactions. It functions much like bookkeeping, maintaining the blockchain in synchronization. Some cryptocurrencies — famously Bitcoin — compensate miners by “minting” new coins as a reward.
Mining, however, is computationally intensive. Prices for a specialized rig run into the tens of thousands of dollars, and even then, the system might generate electricity bills faster than it does cryptocurrency to cover expenses.
Hackers, who want all the profit but none of the challenge, resort to hyjacking systems of other users — specialized or not. This is where cryptomining malware comes in. Let’s break it down in this article.