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Showing posts with label Mining. Show all posts
Showing posts with label Mining. Show all posts

Thursday, January 9, 2014

Yahoo malware turned PCs into Bitcoin miners

The cybercriminals who infected the computers of European Yahoo users apparently wanted to create a huge Bitcoin network.

Researchers at security firm Light Cyber revealed this week that one of the malware programs aimed to use the resources of infected PCs to perform the calculations necessary to run a Bitcoin network. Revealed earlier this month by fellow security firm Fox IT, the campaign spread its package by using Yahoo's ad server to deploy malicious ads. The malware took advantage of vulnerabilities in Java to install itself on computers that visited the ads.yahoo.com site.

The malware attack reportedly lasted from December 31 through January 3, when Yahoo took down the malicious ads. On Saturday, Yahoo acknowledged the issue through the following statement:

At Yahoo, we take the safety and privacy of our users seriously. On Friday, January 3 on our European sites, we served some advertisements that did not meet our editorial guidelines, specifically they spread malware. We promptly removed these advertisements. Users in North America, Asia Pacific and Latin America were not served these advertisements and were not affected. Additionally, users using Macs and mobile devices were not affected.


So far, Yahoo hasn't revealed any details on the infected computers or publicly advised affected users on what they should do. But security firm Surfright shed a bit more light on the situation.

Not every ad on the Yahoo advertisement network contained the malicious iframe, but if you have an outdated version of Java Runtime (you can check here) and you used Yahoo Mail the last 6 days, your computer is likely infected.

BitcoinNewsPortal
Mining

Yahoo malware turned PCs into Bitcoin miners

E-hackers  |  at  9:21 AM

Yahoo malware turned PCs into Bitcoin miners

The cybercriminals who infected the computers of European Yahoo users apparently wanted to create a huge Bitcoin network.

Researchers at security firm Light Cyber revealed this week that one of the malware programs aimed to use the resources of infected PCs to perform the calculations necessary to run a Bitcoin network. Revealed earlier this month by fellow security firm Fox IT, the campaign spread its package by using Yahoo's ad server to deploy malicious ads. The malware took advantage of vulnerabilities in Java to install itself on computers that visited the ads.yahoo.com site.

The malware attack reportedly lasted from December 31 through January 3, when Yahoo took down the malicious ads. On Saturday, Yahoo acknowledged the issue through the following statement:

At Yahoo, we take the safety and privacy of our users seriously. On Friday, January 3 on our European sites, we served some advertisements that did not meet our editorial guidelines, specifically they spread malware. We promptly removed these advertisements. Users in North America, Asia Pacific and Latin America were not served these advertisements and were not affected. Additionally, users using Macs and mobile devices were not affected.


So far, Yahoo hasn't revealed any details on the infected computers or publicly advised affected users on what they should do. But security firm Surfright shed a bit more light on the situation.

Not every ad on the Yahoo advertisement network contained the malicious iframe, but if you have an outdated version of Java Runtime (you can check here) and you used Yahoo Mail the last 6 days, your computer is likely infected.

BitcoinNewsPortal

Thursday, December 19, 2013

Lets understand how does bitcoin work --


The basics for a new user

As a new user, you can get started with Bitcoin without understanding the technical details. Once you have installed a Bitcoin wallet on your computer or mobile phone, it will generate your first Bitcoin address and you can create more whenever you need one. You can disclose your addresses to your friends so that they can pay you or vice versa. In fact, this is pretty similar to how email works, except that Bitcoin addresses should only be used once.


 Bitcoin

Balances - block chain

Transactions - private keys

A transaction is a transfer of value between Bitcoin wallets that gets included in the block chain. Bitcoin wallets keep a secret piece of data called a private key or seed, which is used to sign transactions, providing a mathematical proof that they have come from the owner of the wallet. The signature also prevents the transaction from being altered by anybody once it has been issued. All transactions are broadcast between users and usually begin to be confirmed by the network in the following 10 minutes, through a process called mining.

Processing - mining

Mining is a distributed consensus system that is used to confirm waiting transactions by including them in the block chain. It enforces a chronological order in the block chain, protects the neutrality of the network, and allows different computers to agree on the state of the system. To be confirmed, transactions must be packed in a block that fits very strict cryptographic rules that will be verified by the network. These rules prevent previous blocks from being modified because doing so would invalidate all following blocks. Mining also creates the equivalent of a competitive lottery that prevents any individual from easily adding new blocks consecutively in the block chain. This way, no individuals can control what is included in the block chain or replace parts of the block chain to roll back their own spends.
satoshi namakote

How does bitcoin work ?

E-hackers  |  at  11:30 AM

Lets understand how does bitcoin work --


The basics for a new user

As a new user, you can get started with Bitcoin without understanding the technical details. Once you have installed a Bitcoin wallet on your computer or mobile phone, it will generate your first Bitcoin address and you can create more whenever you need one. You can disclose your addresses to your friends so that they can pay you or vice versa. In fact, this is pretty similar to how email works, except that Bitcoin addresses should only be used once.


 Bitcoin

Balances - block chain

Transactions - private keys

A transaction is a transfer of value between Bitcoin wallets that gets included in the block chain. Bitcoin wallets keep a secret piece of data called a private key or seed, which is used to sign transactions, providing a mathematical proof that they have come from the owner of the wallet. The signature also prevents the transaction from being altered by anybody once it has been issued. All transactions are broadcast between users and usually begin to be confirmed by the network in the following 10 minutes, through a process called mining.

Processing - mining

Mining is a distributed consensus system that is used to confirm waiting transactions by including them in the block chain. It enforces a chronological order in the block chain, protects the neutrality of the network, and allows different computers to agree on the state of the system. To be confirmed, transactions must be packed in a block that fits very strict cryptographic rules that will be verified by the network. These rules prevent previous blocks from being modified because doing so would invalidate all following blocks. Mining also creates the equivalent of a competitive lottery that prevents any individual from easily adding new blocks consecutively in the block chain. This way, no individuals can control what is included in the block chain or replace parts of the block chain to roll back their own spends.

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