Salon mining crypto

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Content:

• Are your favorite websites mining Bitcoin? Here's how to find out
• How your smart fridge and TV might be mining bitcoin for criminals
• Salon Now Ask You to Crypto Mine on Your Computer if You Have Adblocker
• Press Release
• Please wait while your request is being verified...
• Salon offers crypto-mining option instead of ads
• China’s plan to ban Bitcoin mining might actually be good news for the crypto market
• Huge cryptojacking campaign earns just $24 for hackers
• Hair salon operator, coffeeshop owner fined in Sibu for flouting MCO

WATCH RELATED VIDEO: Salon Offers Visitors In-House Cryptocurrency Mining When Blocking Ads

Are your favorite websites mining Bitcoin? Here's how to find out

It could be mining bitcoin for criminals. As the popularity of virtual currencies has grown, hackers are focusing on a new type of heist: putting malicious software on peoples' handsets, TVs and smart fridges that makes them mine for digital money.

So-called "crypto-jacking" attacks have become a growing problem in the cybersecurity industry, affecting both consumers and organizations. Depending on the severity of the attack, victims may notice only a slight drop in processing power, often not enough for them to think it's a hacking attack.

But that can add up to a lot of processing power over a period of months or if, say, a business's entire network of computers is affected. Hackers try to use victims' processing power because that is what's needed to create — or "mine" — virtual currencies. In virtual currency mining, computers are used to make the complex calculations that verify a running ledger of all the transactions in virtual currencies around the world.

Crypto-jacking is not done only by installing malicious software. It can also be done through a web browser. The victim visits a site, which latches onto the victim's computer processing power to mine digital currencies as long as they are on the site. When the victim switches, the mining ends.

Some websites, including Salon. For three months this year, Salon. Industry experts first noted crypto-jacking as a threat in , when virtual currency prices were skyrocketing to record highs.

The number of crypto-jacking cases soared from , worldwide in September to It has only continued to increase, to 93 million in May, it says. The first big case emerged in September and centered on Coinhive, a legitimate business that let website owners make money by allowing customers to mine virtual currency instead of relying on advertising revenue. Hackers quickly began to use the service to infect vulnerable sites with miners, most notably YouTube and nearly 50, Wordpress websites, according to research conducted by Troy Mursch, a researcher on crypto-jacking.

Mursch says Monero is the most popular virtual currency among cyber-criminals. A report by cybersecurity company Palo Alto Networks estimates that over 5 percent of Monero was mined through crypto-jacking.

In the majority of attacks, hackers infect as many devices as possible, a method experts calls "spray and pray. As a result, some hackers target organizations with large computing power. Crypto-jackers have also recently targeted organizations that use cloud-based services, in which a network of servers is used to process and store data, providing more computing power to companies who haven't invested in extra hardware.

Abusing this service, crypto-jackers use as much power as the cloud will allow them to, maximizing their gains. For businesses, this results in slower performance and higher energy bills.

Martin Hron, a security researcher at Avast, says that besides the rise in interest in virtual currencies, there are two main reasons for the rise in attacks. First, crypto-jacking scripts require little skill to implement.

Ready-made computer code that automates crypto-mining is easy to find with a Google search, along with tips on the vulnerabilities of devices. Second, crypto-jacking is harder to detect and is more anonymous than other hacks. Unlike ransomware, in which victims have to transfer money to regain access to their computers blocked by hackers, a victim of crypto-jacking might never know their computer is being used to mine currency. And as currency generated by crypto-jacking goes straight into a hacker's encrypted wallet, the cyber-criminal leaves less of a trail.

Both Apple and Google have started to ban applications that mine virtual currencies on their devices. But Hron, the Avast researcher, warns that the risk is growing as more everyday devices are connected to the internet — from ovens to home lighting systems — and that these are often the least secure. Hron said that cheaply made Chinese devices were particularly easy to hack.

Some experts say new techniques like artificial intelligence can help get a faster response to suspicious software. That's what Texthelp, an education technology company, used when it was infected with a crypto-jacker, said Martin McKay, the company's chief technology officer. Skip to content. But security researcher Mursch says that these precautions won't be enough.

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How your smart fridge and TV might be mining bitcoin for criminals

The Salon website, however, has taken a different route as you can see if you visit its website today. Yup, Salon is giving you a choice. Just take a look at this in the FAQ :. Why are my fans turning on? Any time that your computer is turned on, its central processing unit CPU is being used to some extent.

Salon Now Ask You to Crypto Mine on Your Computer if You Have Adblocker

New York failed to pass a measure that would limit cryptocurrency mining operations, but the bill is far from dead. With the token price pegged to the current gold price, there is less price volatility compared to Bitcoin or other altcoins. This prevents bitcoin investors from fraudulently using coins or tokens for two or more items. Its overvalued. Iran orders crypto-mining ban to prevent winter blackouts. The current dip that bitcoin is experiencing could benefit the bitcoin mining segment of crypto long-term by helping to coalesce market share, writes CoinDesk. Now personally I don't mind cryptocurrency.

Press Release

It publishes articles on U. Salon covers a variety of topics, including reviews and articles about books, films, and music; [6] articles about "modern life", including friendships, human sexual behavior, and relationships; and reviews and articles about technology, with a particular focus on the free and open-source software FOSS movement. According to the senior contributing writer for the American Journalism Review , Paul Farhi, Salon offers "provocative if predictably liberal political commentary and lots of sex. Originally a curated site with some of its content being featured on Salon , it fell into editorial neglect and was closed in March

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Making it in media is hard, and finding ways to make money is hard. Ads are a large part of monetizing websites. Unfortunately, ad blockers exist, making that even more difficult. Salon found a way to keep the customers happy by taking ads away as long as they're willing to mine some cryptocurrency for them. Salon is now asking those customers who don't want to see ads to use their computing power to mine cryptocurrency for them.

Salon offers crypto-mining option instead of ads

If you want to read Salon without seeing ads, you can do so—as long as you let the website use your spare computing power to mine some coins. If you visit Salon with an ad blocker enabled, you might see a pop-up that asks you to disable the ad blocker or "Block ads by allowing Salon to use your unused computing power. Salon explains what's going on in a new FAQ. For our beta program, we'll start by applying your processing power to help support the evolution and growth of blockchain technology and cryptocurrencies. While that's a bit vague, a second Salon. Clicking "more info" brings you to a Coinhive page. We wrote about Coinhive in October

China’s plan to ban Bitcoin mining might actually be good news for the crypto market

Media company Salon. The left-leaning company launched the test program on Monday and is targeting readers who use ad blockers, which it blames for declining revenues, the Financial Times reports. Readers who suppress ads with a blocker now see a pop-up that asks them if they will give Salon access to their computers' unused processing power to mine digital currencies.

Huge cryptojacking campaign earns just $24 for hackers

Digital media publication Salon is offering its visitors an alternative to traditional online ads: allowing the site to use their computer processing power to mine cryptocurrency. In order to provide free content, Salon primarily depended on advertisements to run its servers, the company explained in a blog post published on Monday. Salon will profit by selling "a small percentage of [users'] spare processing power to contribute to the advancement of technological discovery, evolution and innovation," the company explained. While they don't come out and say it directly, the site, according to The Verge , is using the open-source CoinHive software in order to mine the cryptocurrency monero.

Hair salon operator, coffeeshop owner fined in Sibu for flouting MCO

Expert insights, analysis and smart data help you cut through the noise to spot trends, risks and opportunities. Sign in. Accessibility help Skip to navigation Skip to content Skip to footer. Become an FT subscriber to read: Media group Salon: Let us use your computer to mine crypto Leverage our market expertise Expert insights, analysis and smart data help you cut through the noise to spot trends, risks and opportunities. Join over , Finance professionals who already subscribe to the FT. Choose your subscription. Trial Try full digital access and see why over 1 million readers subscribe to the FT.

Salon has rolled out its own solution to the worsening adblocker situation that is depriving publishers of income. Salon chief executive Jordan Hoffner is piloting a scheme that gives adblock users an ad-free experience on the site - if they opt into mining cryptocurrency for Salon for the duration of their visit. The calculations are securely executed in your Browser's sandbox. You don't need to install anything.