What is Cryptojacking?

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Cryptojacking is the act of hacking a computer to mine cryptocurrencies against the user’s will. This is also called malicious crypto mining. It is an emerging threat that can take over web browsers and invade all kinds of devices, from desktops and laptops to smartphones and network servers. Like other malicious attacks on computer users, the motive is profit. The cryptojacking software is designed to remain hidden from the user.

What is Cryptojacking?

Cryptojacking slows down computer processes, increases your electricity bill, and shortens the lifespan of your device. Depending on how subtle the attack is, you may notice certain alarms. If your PC or Mac is slowing down or the fan is spinning louder than usual, you may have reason to suspect cryptojacking.

How does cryptojacking work?

Cryptojacking works by secretly using your computer to mine cryptocurrencies. Cryptojackers have more than one way to enslave your computer. One method works like malware. Once your computer is infected, the cryptojacker starts mining cryptocurrencies while remaining hidden. 

An alternative approach to cryptojacking is drive-by crypto mining. Like the exploits in malicious ads, the method consists of embedding JavaScript code in a web page. This program code starts mining cryptocurrencies on the computers of users who visit the page.

How do I protect myself against cryptojacking?

You protect yourself against cryptojacking by blocking JavaScript when you browse the web and not clicking on suspicious links. There are programs, such as ‘No Coin’ and ‘MinerBlock’, that block mining activities in browsers. Both have extensions for Chrome, Firefox, and Opera. The latest versions of Opera have NoCoin built-in.

Business24-7 aims to help those interested in cryptocurrency make safe and informed investing decisions. We are dedicated to offering our readers unbiased reviews of leading cryptocurrency exchanges for traders at all levels. Cryptocurrency exchanges are included in our reviews if they are safe, liquid, regulated by proper authority, or decentralized. 

All trading involves risk. More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.

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Stefan Grasic (Dipl.-Jur) is the World Wide Director of research for Buisness24-7 and has considerable experience in the financial and investment niche, but also enjoys writing articles for the general readership. Stefan is an active Crypto, Forex and general investment researcher advising blockchain companies at their start up level. He keeps fit by mountain biking, surfing, skiing and lots of other adrenaline sports.


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