Electroneum to Release Mobile Miner App

Electroneum mobile miner will allow anyone with a smartphone to earn a few dollars worth of cryptocurrency every month
02 March 2018   699

Electroneum, a cryptocurrency which is giving access to over 100m smartphone users via mobile operators, aims for 10s or even 100s of millions of users and has a defined route to market.

Electroneum has announced that its mobile miner will be going live on Monday, March 5.

A few dollars per month may not seem like much – but a billion people across the world live on US$2 or less per day. 71% of the world’s population live on US$10 or less.
 

Electroneum announcement

The mobile miner will allow anyone with a smartphone to earn a few US$ worth of cryptocurrency every month by mining Electroneum. It uses very little electricity and just a tiny amount of data, and requires no technical knowledge.

At the moment of press, these are main market parameters of Electroneum:

Average price: $0,071475
Marketcap: $450 728 901
24h volume: $2 057 470

Chinese Hackers Mined $800k Worth Siacoin Hiddenly

According to the police, hackers in collusion with serving companies hacked 100,000 computers in Internet cafes in 30 Chinese cities
19 June 2018   62

In China, 16 people were arrested who earned $ 800,000 on the illegal mining of Siacoin cryptocurrency in the Internet cafes in dozens of Chinese cities, CoinDesk reports.

According to the police of Chinese Ruian (Zhejiang Province), hackers in collusion with serving companies hacked 100,000 computers in Internet cafes in 30 Chinese cities . Their income was 5 million yuan ($ 800,000).

Hackers used a malicious program that used the computing resources of infected devices to extract Siacoin crypto currency. Malicious software was sold to employees of computer maintenance companies who could download it to a PC in an Internet cafe during scheduled checks.

Suspicions arose in July 2017, when employees of Internet cafes in Ruyan noticed that their computers began to work very slowly. The CPU performance dropped by 70% even after the reboot.

Around the same time, the price of Siacoin according to CoinMarketCap grew by 400% from $ 0.002 in May to more than $ 0.01 in July. Accounts for utility services of Internet cafe Ruiana during this period also significantly increased. This caused their owners to contact the police.

Most Internet cafes in Ruian were served by one company. Its executive director was arrested in August last year, and disclosed information about hackers.