Miners Obtain Monero Through Youtube Ads

As it was reported by several Twitter users and Ars Technica, the users of Youtube noticed their antivirus programs catching crypto mining code while watching videos on the website
29 January 2018   443

Ars Technica reported that multiple users have have noticed suspicious advertisements appearing everywhere on YouTube, and some of them found out that those ad banners let attackers make profit mining Monero while users watched videos. Miners managed to use users' CPUs and electricity to obtain digital currency.

Youtube Mining CodeYoutube Mining Code

As the researchers from antivirus provider Trend Micro stated, the attackers behind the ads were abusing Google's DoubleClick ad platform to display them to YouTube visitors in certain countries like Japan, France, Taiwan, Italy, and Spain. The ads contained a publicly available JavaScript provided by Coinhive, a cryptocurrency-mining service, and were mining Monero cryptocurrency.

YouTube was likely targeted because users are typically on the site for an extended period of time.

Troy Mursch

Independent Security Researcher

There's no indication that attackers install any kind of malware as long as people don't click on malicious downloads. It still remains unclear how many coins were mined by the malicious ads on Youtube.

Earlier today, we have reported that there was a possibility of Monero collaborating with Litecoin cryptocurrency.

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

Average price: $319,32
Marketcap: $5 000 184 963
24h volume: $75 967 600

Cheap Hydropower in Oregon Attracts Miners

During few months, a few bitcoin miners have been heading to regions in North America
23 February 2018   101

According to the local press, miners are starting operations in the area because of concentrations of cheap electricity.

In the state, there are roughly 12 more mining operations. For instance, in a small town called Dalles located the biggest mining operation in the state called Oregonmines, which is operated by Terrence Thurber. It is an industrial-sized operation with over 2,750 mining rigs in a warehouse with no windows. Robert McCullough of Portland General Electric (PGE) stated that more companies are on the way. He is not impressed by the mining movement in Oregon. In his opinion, Oregon may become the center of crypto-mining in the world.

We may find our burgeoning surplus of energy will make us quite a capital for useless servers solving useless puzzles. It’s not as if we have a huge amount of employment attached. It’s not as if you’re going to have a big staff and a lot of smart people working on it.

Robert McCullough

Portland General Electric consultant 

One of the biggest reasons miners are attracted to Oregon is because of the Columbia River hydropower system. The hydro-powered electricity costs 3 to 4 cents per kilowatt-hour. It is almost the lowest price in the U.S.

According to the Oregonmines founder, the location is also helpful because the facility is close to a major metro, and weather patterns are favorable.