Badass alert: 1 in 5 Brits don't give a damn about webpage crypto-miners

More sensible users would like regulation or permission first

More than 20 per cent of Britons don't mind letting websites hijack their CPUs to mine cryptocurrency, a slightly stale survey has found.

YouGov's survey of 2,174 people, conducted back in September/October but now apparently relevant again thanks to "Computer Security Day" yesterday [EVERY day is computer security day, kids – ed], found that around a fifth of folk don't care about web pages stealing their processing power to make magic computer cash.

The data also shows that da yoofs are more in favour of crypto miners than greybeards – 20 per cent of 18-24s are happy for websites to mine alt-coin, against 4 per cent of over-50s.

How about if adverts on web pages could be cut as a result of letting mining take place? That only takes the average of those in favour up to 20 per cent, with nearly half (46 per cent) of respondents saying that they would prefer to keep the ads as they are.

62 per cent are worried about damage to their PC (with one in ten not caring), while 83 per cent fear for the safety of their data. 72 per cent want the practice regulated either by the UK or EU, and 84 per cent want to be asked for permission before a site uses their PC for crypto-cash mining.

Government backing for Bitcoin and friends seems a long way from reality, with countries shutting down exchanges in recent months, and the Bank of England and US Federal Reserve telling the Gruaniad that bitcoin isn't a proper currency anyway. ®


Confusingly, the You.Gov press release liberally tosses around "Bitcoin" as a catch-all for cryptocurrency, stating: "Pirate Bay utilised the PC processing power of people who visited its website to analyse or 'mine' bitcoin data." It was, in fact, mining Monero. Coin Hive's JavaScript code focuses on reaping this increasingly en vogue alt-coin. Tsk, when normies attack, am I right?

Narrower topics

Other stories you might like

  • Clipminer rakes in $1.7m in crypto hijacking scam
    Crooks divert transactions to own wallets while running mining on the side

    A crew using malware that performs cryptomining and clipboard-hacking operations have made off with at least $1.7 million in stolen cryptocurrency.

    The malware, dubbed Trojan.Clipminer, leverages the compute power of compromised systems to mine for cryptocurrency as well as identify crypto-wallet addresses in clipboard text and replace it to redirect transactions, according to researchers with Symantec's Threat Intelligence Team.

    The first samples of the Windows malware appeared in January 2021 and began to accelerate in their spread the following month, the Symantec researchers wrote in a blog post this week. They also observed that there are several design similarities between Clipminer and KryptoCibule – another cryptomining trojan that, a few months before Clipminer hit the scene, was detected and written about by ESET analysts.

    Continue reading
  • Inverse Finance stung for $1.2 million via flash loan attack
    Just cryptocurrency things

    A decentralized autonomous organization (DAO) called Inverse Finance has been robbed of cryptocurrency somehow exchangeable for $1.2 million, just two months after being taken for $15.6 million.

    "Inverse Finance’s Frontier money market was subject to an oracle price manipulation incident that resulted in a net loss of $5.83 million in DOLA with the attacker earning a total of $1.2 million," the organization said on Thursday in a post attributed to its Head of Growth "Patb."

    And Inverse Finance would like its funds back. Enumerating the steps the DAO intends to take in response to the incident, Patb said, "First, we encourage the person(s) behind this incident to return the funds to the Inverse Finance DAO in return for a generous bounty."

    Continue reading
  • Coinbase CEO cuts 1,100 jobs, warns of 'crypto winter'
    The buck stops with me, says Armstrong, but I still have a job

    Coinbase has axed 1,100 employees, cutting its workforce by 18 per cent, while the value of digital assets including Bitcoin plummet amid rising inflation rates in the US.

    CEO Brian Armstrong announced on Tuesday he was "making the difficult decision to reduce the size of [the] team ... to stay healthy during this economic downturn." As the largest US cryptocurrency exchange, Coinbase employed about 1,250 employees at the start of 2021, when novel blockchain-based technologies such as NFTs and stablecoins exploded, launching the current Web3 hype to new heights.

    But the glowing promise of getting rich from trading cryptocurrencies or cartoon apes is losing its shine, spelling bad news for Coinbase. Armstrong warned of a "crypto winter" as America looks set to enter a recession.

    Continue reading

Biting the hand that feeds IT © 1998–2022