Cryptojacking is basically hackers use of somebody else phone, iPad or laptop to mine cryptocurrency. Hacker can easily get access to your electronic appliances and steal your CPU power to start mining for themselves. They can do that by simply sending you a link through email, Facebook, Instagram and so on. That why we shouldn’t click on links that were sent by strangers. It will be very hard to detect if your phone, CPU and laptop got cryptojacking because it shows only one symptom which is lagging continues. It might seem normal to you because you think that the phone is “ageing” but actually your electronic appliances is secretly working for others.
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Why Hackers Like to Cryptojacking
One of the main reasons is that cryptojacking is very hard to trace back. Cryptojacking is a low risk but high return investment. Normally and normal laptop needs 5 to 10 years to mine a Bitcoin. Bitcoin mining could take a long period of time to get one Bitcoin if we use laptop to mine. Imagine if 100 laptop is mining for you and you doesn’t need to pay the electrical bill. It would generate about 100 Bitcoin in 10 years time. You will make a profit of almost one million per 10 years. It is very easy to set up all the coding by them as it does not require a lot of technical knowledge. Hackers only need to get access to your electrical appliances and set up some setting and that’s it. They do not follow up with your status and they let the computer to mine itself. It does not require very skilful hacker to do so. Although it can be very high in return cryptojacking is illegal. Hackers like to mine cryptocurrency such as Monero as it is harder to trace back comparing to bitcoin which is more popular and more secure.
How to prevent Cryptojacking
Cryptojacking is mostly sent by ads they put their coding into the ads and when you click the ads your computer start to mine. You can install an ad blocker app to help you preventing ads like this. Ads blocker also can help to identify the ads whether there is a cryptojacking virus inside. Another useful tip is to not click on the link sent by strangers. These are the main way cryptojacking can occur by clicking into ads and links. You should always maintain your web browser and keep it updated.