Mining for Bitcoin and other cryptocurrencies consumes as much energy as it does computational power. Thus it was only a matter of how long till the dodgier folks online found ways to unwittingly misuse other online users’ computers for their own monetary benefit. This is known as cryptojacking, which combines cryptocurrency and hijacking.
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What is the process of cryptojacking?
While you are being cryptojacked, your computer gives private computing power and energy to cryptojackers who mine crypto using your assets without your consent. Infected Chrome browser extensions have also been reported, and have been withdrawn from the Chrome Web Store.
What can I do to protect myself against cryptojacking?
To combat browser-based cryptojacking, just install free browser extensions such as minerBlock (Chrome) or No Coin (Chrome and Firefox).
Is it always a bad idea to mine cryptocurrencies in a browser?
It is not the case. In addition, some people see legit, voluntary bitcoin mining in a browser as a doable alternative revenue model to adverts on websites.
Users, for example, might select whether or not to view advertisements, or they could willingly donate a small fraction of their computing power to mine certain crypto in return for avoiding adverts. Similarly, charity organizations might collect money by urging users to download an app or remain on their website.
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