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As I'm talking at a conference next week on inter alia matters Bitcoinian, I did a little research on the darker side of the coin. Evidence that virtual currencies have become a mechanism for online and physical crime risks the possibility of full-scale intervention by governments.
All stirring stuff, and nice to know that we were the first with the right analysis! Don't forget your credits, guys ;- Ah, found the primary source. Brian Krebs provides some evidence of that idea that the Botnets would mint some cash:. But those numbers are too small to really confirm the hypothesis, and given the FPGA and customized hardware argument, we may never see it although I reckon we'll see it for GPUs.
Bear in mind when reading this stuff that sales operations like McAfee is in the business of FUD, as that lifts sales of its products. That said, they present a good roundup of the bad things going on:.
A long time ago I argued that the only way you knew that a new money was successful was when the crooks started attacking. We've certainly crossed that point now, and by this measure, Bitcoin is successful! You talk of bots but what of govs mining and dumping? What of people hijacking supercomputers and misusing them to mine bitcoin? Just some idle thoughts as I wait for one of the UK's supercomputers, Hector, to come back online so that I can finish off my calculations.
Financial Cryptography Where the crypto rubber meets the Road of Finance November 17, Bitcoin news -- malware, bots, raids, all as predicted, oh my! As the Bitcoin rate has increased, malicious Bitcoin miners have shown a growing interest by infecting victims with malware that uses computer resources to mine Bitcoin without their knowledge.
While the cybercriminals generate profits, the computers slow down. In May, for example, Webroot posted a blog about a marketplace to customize and buy such malware. Brian Krebs provides some evidence of that idea that the Botnets would mint some cash: So far, FeodalCash has managed to attract at least working affiliates.
Here is a copy of the affiliate list, complete with their corresponding bitcoin wallets. According to Xylitol, the host PCs that currently have this botcoin mining malware installed are doing their slavish work at the Eligius bitcoin mining pool. According to the FeodalCash administrative panel, the infected machines have mined only about bitcoins. The current bitcoin generation rate is about 4.
That said, they present a good roundup of the bad things going on: Leading exchanger Mt Gox is seeing its new accounts climb "to 75, in just the first few days of April. They also busted an alleged drugs distributor and took his BTC. WebMoney announced a derivative issue whereby users send them Bitcoins and they receive digital derivative instruments valued 1: Phishers started targetting Bitcoin account holders at Mt Gox.
Posted by iang at November 17, Thomas Barker at November 24, Hi iang You talk of bots but what of govs mining and dumping? URL preferred, hides Email: