Wednesday, December 13, 2017

21st century Pay per View? Major online video sites (not Youtube) use cryptojacking software to use your pc to mine cryptos

In what could easily be described as an induced form of 'Pay per View', a number of major online video sites such as Openload, Streamango, and Rapidvideo are allegedly using cryptojacking software to have your pc help them mine cryptocurrencies while you view online video content on their sites.

Each month almost one billion visitors to four popular video sites are being unwittingly forced to mine cryptocurrency, according to a report on the practice of so called cryptojacking. 
The video sites Openload, Streamango, Rapidvideo and OnlineVideoConverter are allegedly loading mining software on to visitors’ computers, making them generate tokens for the bitcoin-like cryptocurrency Monero, according to security firm Adguard. 
The mining program is loaded into the users’ browser when the video player is downloaded ready to stream the video. Victims are not notified and are unaware that their computer is working hard to generate Monero. The only sign for most users would be that their computer is running slowly while playing the video. 
Meshkov said: “The total monthly earnings from [this] cryptojacking, taking into account the current Monero rate, can reach $326,000. These are simply outrageous figures.” – The Guardian

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