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Title: 2013-07-17 Botcoin: Bitcoin Mining by Botnet Post by: lewisg on July 18, 2013, 12:38:22 PM http://krebsonsecurity.com/2013/07/botcoin-bitcoin-mining-by-botnet/
Bitcoin is a decentralized, virtual currency, and bitcoins are created by large numbers of CPU-intensive cryptographic calculations. As Wikipedia explains, the processing of Bitcoin transactions is secured by servers called bitcoin miners. These servers communicate over an internet-based network and confirm transactions by adding them to a ledger which is updated and archived periodically using peer-to-peerfilesharing technology. In addition to archiving transactions, each new ledger update creates some newly minted bitcoins. Title: Re: 2013-07-17 Botcoin: Bitcoin Mining by Botnet Post by: kjlimo on July 18, 2013, 01:23:39 PM I imagine botnets will be pointed towards Primecoin until some sort of more efficient GPU / FPGA / ASIC miner is built for them, yes?
Or am I wrong on my profitability calcs (no calculations actually done, just speculating from the hip, haha). |