Symantec’s dramatic step mining Monero establishes the needless expense of crypto mining

In order to prove that cryptojacking is more a loss than a profit, Symantec, a software company headquartered in the United States, went several steps ahead by displaying an overheated router that went up to 150 degrees Fahrenheit with Coinhive.

Coinhive offers a JavaScript miner for the Monero Blockchain. It is a malware that infects devices and uses them to mine for cryptocurrency.

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Symantec took the drastic step to establish their point at the Black Hat cybersecurity conference in Las Vegas on 8th August by preparing eggs on the overheated router. While preparing the egg, Cohive earned seven cents mining the cryptocurrency, Monero. When the egg was prepared that seven cents dipped down to five cents.

Crypto mining results in loss of money

Crypto mining attracts more loss than profit, pertaining to its high power consumption that results in huge electricity bill, and loss of money. More money is spent on electricity than is generated through mining.The few ones, who are specialised, high-powered machinery are the ones who are able to profitably extract Bitcoins.

SEE ALSO: Is the US Congress acknowledging Bitcoin, Bitcoin Cash, Ethereum and other cryptocurrencies?

Brian Varner, Symantec’s special projects researcher, Alfred NG, a reporter from CNET: “We’re trying to shed light on the kinetic effects of cryptojacking.”

“They’re stealing your electricity and putting a massive amount of wear and tear on your devices, and for what, six cents?”

Alfred even tasted the cooked egg that he said took 20 minutes to get prepared and said: “Well, six cents and a poorly cooked egg.”

The reported tweeted hhis experience, stating: “The most important story from Black Hat incoming: I ate an egg cooked on a cryptojacked router.”

 

Image via Shutterstock

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