Pirates of the cryptocurrencies

Pirates of the cryptocurrencies

In late September, news broke of Pirate Bay hijacking users’ CPU resources to mine cryptocurrencies, triggering a huge backlash from users. Now some might find it ironic that pirates are complaining about something being taken from them, but secretly mining for cryptocurrencies is a growing trend, and has been known to happen on legitimate sites. So how does mining for cryptocurrencies work? And what should you know about it? How ‘secret’ cryptocurrency mining works Cryptocurrencies like Bitcoin are “mined” (that is new “coins” are created) through resource intensive processes that, by design, become more and more expensive as more […]