Cryptocurrency Q&A
What is illegal crypto mining?
What is illegal crypto mining?
StormGalaxy
Sat Jun 08 2024
|
6 answers
1421
Could you please explain to me what is meant by the term "illegal crypto mining"? I'm curious to understand the various aspects that make crypto mining illegal and the potential consequences associated with it. Could you elaborate on the legal frameworks that govern crypto mining and how they are violated in illegal mining activities? Also, could you provide some examples of illegal crypto mining practices and how they differ from legitimate mining? Thank you for your clarification.
6 answers
Giulia
Mon Jun 10 2024
Cryptojacking, alternatively known as malicious cryptomining, represents a significant online threat. This covert activity lurks within computers and mobile devices, undetected by the unsuspecting user.
Was this helpful?
271
42
Tommaso
Sun Jun 09 2024
BTCC, a UK-based cryptocurrency exchange, offers a range of services that cater to the diverse needs of crypto enthusiasts. These include spot trading, futures trading, and secure wallet solutions.
Was this helpful?
337
69
WhisperEcho
Sun Jun 09 2024
Malicious cryptominers stealthily invade these devices, often through downloads from web browsers or rogue mobile applications. Their objective is to hijack the machine's computational resources.
Was this helpful?
97
30
Bianca
Sun Jun 09 2024
These hijacked resources are then used to "mine" cryptocurrencies, a process that involves solving complex mathematical problems to validate transactions on a blockchain.
Was this helpful?
181
83
CryptoChieftainGuard
Sun Jun 09 2024
The cryptojacking process is highly profitable for the attackers, as they can earn cryptocurrencies without investing in expensive mining equipment or electricity costs.
Was this helpful?
160
87
Load 5 more related questions
