Mining Extensions to be Deleted from Google Chrome

From 02.04.2018, adding of new mining extensions to Google Chrome Extension store is prohibited; other will be banned by the end of June 2018
03 April 2018   590

The Internet giant Google announced on Monday, April 2, that from this day it bans adding of new cryptocurrency mining extensions to the Chrome Web Store, and after some time will remove all existing similar products. This is reported by TechCrunch.

As stated in the Google's blog, over the past few months there has been an increase in the number of malicious extensions that outwardly offer useful features, but they have built-in scripts for mining that work in the background without the consent of the owners of computers. Such scripts often consume significant resources and can adversely affect overall computer performance and power consumption. They are often aimed at XMR mining.

Browser mining can not be considered the most efficient way to mine bitcoin or other cryptocurrencies, but the Chrome extension store had them for a long time, provided that it is clearly stated in their description that they were created specially for these purposes.

However, 90% of these extensions don't meet mentioned criteria. A lot of developers built-in XMR mining scripts in pseudo-legitive extensions.

The extensions platform provides powerful capabilities that have enabled our developer community to build a vibrant catalog of extensions that help users get the most out of Chrome. Unfortunately, these same capabilities have attracted malicious software developers who attempt to abuse the platform at the expense of users. This policy is another step forward in ensuring that Chrome users can enjoy the benefits of extensions without exposing themselves to hidden risks.

James Wagner

Google’s product manager

As noted, some of these extensions are detected and removed almost immediately, but others still enter the store and they have to be deleted later.

To resolve this situation, Google from 02.04.2018 introduces a ban on adding any applications for the crypto currency, and by the end of June 2018, the existing Web extensions will be removed from the Chrome Web Store.

At the same time, blockchain-related extensions without mining functions won't be deleted.

HashFlare Users to Face Withdrawal Issues

Looks like Bitcoin cloud mining is not super profitable
18 July 2018   70

Users of HashFlare mining pool can't withdraw their funds, while their contracts are threatened with a temporary ban. Even lower restrictions on withdrawal of funds in the amount of 0.03 BTC caused problems for users, but the service raised the threshold to 0.05 BTC and 0.1 ETH . This is reported by Cryptovest.

In addition, financial pyramids are often promoted under the guise of mining contracts for cloud mining. For last few months, there was a big jump in mining difficulty of many cryptocurrencies, so, old contacts had become unprofitable.

As reported, the reason for the locked funds dates back further - at the beginning of June, so much hashing power was flowing into the Bitcoin network that contracts saw all the mined coins go toward their maintenance fee.

Currently, more and more users who have purchased contracts at earlier stages are facing the fact that they can not withdraw their funds. One of them managed to return the money spent through the bank card operator after filing a corresponding complaint.

To anybody that purchased a Hashflare cloud mining contract with a credit card, it might be possible to get a refund with that credit card as one of my followers tipped me. He bought his contracts at the end of 2017.

bccponzi at Twitter

The hash rate of bitcoin increased from 13 EHash / s at the beginning of the year to more than 40 EHash / s in recent months. The difficulty of mining in the present conditions depends on the circumstances of the specific miner. The cost of bitcoin mining for some of them is $ 4,400, while others spend about $ 5,800. However, in 2018, cloudy mining is called an even more dubious occupation than before, especially when it comes to mining bitcoin.