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   863

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

Nvidia to Unveil Mining GPUs Sales Profit

In the first quarter of the fiscal year 2019, miners brought to the giant $ 289 million in profit
11 May 2018   194

Nvidia Corporation published data on revenues from the sales of video cards for the production of crypto-currencies for the first time. So, in the first quarter of the fiscal year 2019, miners brought to the giant $ 289 million in profit. At the same time, the company expects that this figure will become much smaller in the second quarter, Bloomberg reports.

For example, during a group call on revenue, Nvidia CEO Huang Jenxun noted that the demand for video cards for mining was higher than expected, but the company believes that in future the number of GPUs bought by miners will decrease by about two-thirds.

Crypto miners bought a lot of our GPUs in the quarter and it drove prices up. I think that a lot of gamers weren’t able to buy into the new GeForce as a result.

Jensen Huang

Chief Executive Officer, Nvidia

The mining GPUs sales profit of Nvidia, was higher than that predicted by analysts. For example, Christopher Rolland of Susquehanna predicted that the corporation will earn about $ 200 million on video cards for the production of cryptocurrency.

Earlier, the head of Nvidia, Huang Jensen, said that, despite the pressure from regulators, cryptocurrencies will be popular for many more years. At the same time, according to a study by analyst firm Jon Peddie Research, the cryptocurrency alaquotes helped AMD reduce the market gap from Nvidia and secured 10% of the company's profit in the first quarter of 2018.