XMR Community to Hold Breath While Hard Fork's Ongoing

A hard fork of Monero executed recently, but the success of the implementation is still unclear
06 April 2018   2873

The controversial hard fork of Monero's anonymous crypto currency was initiated this night, but its results are still unclear. This is reported by CoinDesk.

On the block number 1 546 000, a crypto currency software update was launched. Taking into account the ambiguity of this update, the community continues to monitor its dissemination process.

Although hard forks are not uncommon for the Monero blockchain, the last one stands out against the general background, as it is designed to introduce a new consensus algorithm that will protect the network from the ASIC-miners usage.

The decision to conduct hard fork was made in the light of the announcement by the Bitmain ob the release of the device aimed at Monero, which was made last month. After that, several groups of users announced that they don't support the new development vector of Monero and launch their own projects that will use the old code, including Monero Classic and Monero Original.

Consequently, the community continues to monitor the hash rate and the rate of release of blocks in the main Monero network to determine what percentage of miners could go to third-party blockchains.

Fluctuations in the hash-rate caused a panic on Reddit, but the developer "hyc" said that "a couple hours for us to see how the network overall hash rate settles out."

Observers also track activity in the old Monero blockchain and maintain a list of pools that have not yet updated their software to join the new chain.

The update also increased the size of the Monero ring from 5 to 7, which should help to increase the reliability of anonymous cryptocurrency tools and protect it from deanonimization, which in theory may occur with the launch of the MoneroV hardfork.

BlackSquid Hidden Miner to Attack US & Thai PCs

The malware is distributed through malicious websites, compromised web servers, network drives, and USB drives; it uses different exploits and vulnerabilities
05 June 2019   362

Trend Micro researchers have discovered a new malware that mines the Monero cryptocurrency on users' devices, reports ZDNet.

Most of all, a new malware miner called BlackSquid is popular in Thailand and the United States. The maleware is distributed through malicious websites, compromised web servers, network drives, and USB drives. BlackSquid uses EternalBlue, DoublePulsar, server vulnerabilities CVE-2014-6287, CVE-2017-12615, CVE-2017-8464 and errors in the ThinkPHP web application.

BlackSquid uses various tricks to keep the program unnoticed. For example, if a program detects that it was running in a virtualization environment, or finds debugging tools, then the malicious functions will not be activated.

Unnoticed, the malware installs the XMRig mining script. The attack does not end there - the program also scans the system for the a video card in order to extract coins more efficiently. After infecting one computer on the network, the virus tries to spread to other systems.