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.
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.
How do I protect myself against cryptojacking?
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.
Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong. Take 2 minutes to learn more.