Crypto miner Coinhive to shut down
“Some of you might have anticipated this, some of you will be surprised. The decision has been made. We will discontinue our service on March 8, 2019. It has been a blast working on this project over the past 18 months, but to be completely honest, it isn’t economically viable anymore.
The drop-in hash rate (over 50%) after the last Monero hard fork hit us hard. So did the “crash“ of the cryptocurrency market with the value of XMR depreciating over 85% within a year. This and the announced hard fork and algorithm update of the Monero network on March 9 has to lead us to the conclusion that we need to discontinue Coinhive. Thus, mining will not be operable anymore after March 8, 2019. Your dashboards will still be accessible until April 30, 2019, so you will be able to initiate your payouts if your balance is above the minimum payout threshold.”
Coinhive’s crypto-jacking campaigns also shutting down
The crypto-jacking technique is also extensively used in malware campaigns, which drop a Coinhive-based miner on compromised machines as part of a multi-stage infection.
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