Project Bitcoin Mining

[Stucker Shanon]

Number two network Ethereum is in the process of transitioning to Proof-of-Stake, a https://elliothwml304.weebly.com/blog/bitcoins-impacts-on-climate-and-the-environment move which it’s claimed could reduce its energy use by up to 99.95 percent. In Bitcoin’s early years, a crypto enthusiast could mine coins by running software on a laptop. But as digital assets have become more popular, the amount of power necessary to generate Bitcoin has soared. A single Bitcoin transaction now requires more than 2,000 kilowatt-hours of electricity, or enough energy to power the average American household for 73 days, researchers estimate. Instead, the term refers to a verification and currency creation process that is essential to the Bitcoin ecosystem.

Most are not new; cryptomining delivery methods are often derived from those used for other types of malware such as ransomware or adware. "You’re starting to see a lot of the traditional things mal-authors have done in the past," says Travis Farral, director of security strategy at Anomali. "Instead of delivering ransomware or a Trojan, they are retooling that to deliver crypto-mining modules or components." The simple reason why cryptojacking is becoming more popular with hackers is more money for less risk.