What is CoinHive malware?

Answered by Jason Smith

CoinHive malware is a type of malicious software that allows business owners to generate revenue by using the processing power of visitors to their website. It operates by embedding a piece of code, known as the CoinHive miner, onto the website. When a user visits the infected site, their computer becomes a part of a mining network, where it is used to mine cryptocurrencies such as Monero.

The CoinHive miner code is designed to run in the background without the user’s knowledge or consent. It takes advantage of the processing power of the visitor’s computer, using it to perform complex mathematical calculations required for mining cryptocurrencies. As a result, the website owner can earn revenue by mining cryptocurrencies without having to invest in expensive mining equipment or pay for the electricity required.

The problem with CoinHive malware is that it often infects websites without the knowledge or consent of the website owner. This can lead to a compromised user experience, as the mining process consumes significant amounts of CPU power, causing the computer to slow down or freeze. Users may also notice a significant increase in their electricity bills if their computer is being used for mining without their knowledge.

Furthermore, CoinHive malware can also be distributed through malicious links, email attachments, or other forms of social engineering. Once installed on a user’s computer, it can continue to mine cryptocurrencies even when the user is not visiting a website that has the CoinHive miner embedded. This can lead to a prolonged impact on the user’s computer performance and increased electricity consumption.

CoinHive malware has gained notoriety due to its misuse by cybercriminals. It has been found on various websites, including legitimate ones, that have been compromised by hackers. These hackers take advantage of the CoinHive malware to generate revenue at the expense of unsuspecting users.

To protect against CoinHive malware, it is essential to keep your computer’s antivirus software up to date and regularly scan for any potential threats. It is also advisable to avoid clicking on suspicious links or downloading attachments from unknown sources. Additionally, website owners should ensure that their websites are secure and regularly monitor for any signs of compromise.

CoinHive malware is a type of malicious software that allows website owners to generate revenue by using the processing power of visitors’ computers for cryptocurrency mining. However, it often infects websites without the knowledge or consent of the website owner, leading to compromised user experiences and increased electricity consumption. It is crucial to take preventive measures to protect against CoinHive malware and regularly monitor for any signs of compromise.