Coinhive Raking In Over $250,000 per Month From In-Browser Cryptomining
Credit:
Bleeping Computer
A research paper published at the start of the month estimates that Coinhive, a service for in-browser cryptocurrency mining, often abused by cyber-criminals, is making around a quarter of a million US dollars per month in mined Monero.
The stats were compiled by four academics from the RWTH Aachen University in Aachen, Germany.
Researchers say they analyzed all the .com, .net, and .org domains in the Alexa Top 1 Million most popular sites on the Internet. They also used a new method that unearthed more sites involved in in-browser cryptocurrency mining compared to tools currently available on the market. RWTH Aachen researchers say that Coinhive is by far the leader among all in-browser mining services, with a market share of 75% or higher.
