iDrive Attempted To Mine Bitcoin with 3000 Servers - That was a Mistake
The All-In-One Storage Solution Recently Attempted to Mine Bitcoin. If you had a business with 3,000 servers, you might try and do the same thing that iDrive recently tried. The one stop solution to all your backup needs decided to take a detour from what they do best to look into the idea of mining Bitcoin. They were curious to see if they were missing out on an untapped revenue stream. They learned some valuable bits of information when they went on their detour and spoke to CCN about what they discovered on their journey. iDrive decided to give Bitcoin mining a test run. They knew they....
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When online backup provider IDrive tried their hand at mining bitcoin with a slew of servers at their disposal, they thought it might serve to be an additional way to bring in revenue. How wrong they were. The company says they own 3,000 servers, but for the bitcoin mining experiment, 600 were used (each with a quad-core processor clocked at 2.8GHz). The idea was to get the servers to mine the digital currency during the off-peak hours of 3AM-4PM (as most people tend to back up their systems during the night). Using the assumption that the servers would run at 100 percent processing power....
Hackers recently took control of a group of HP-branded servers and used them to remotely mine a cryptocurrency called raptoreum, according to reports. This resulted in the compromised cluster of HP machines becoming the biggest contributor to the total mining pool of the cryptocurrency, allowing attackers to rake in $110,000 worth. The coins are said to have been mined between December 9 and December 17.
HP Servers Suffer Cryptojacking Attack
A group of HP servers operating for an undisclosed company was attacked by hackers that managed to take control of the hardware and....
Hackers have been mining crypto on government servers in Russia, including defense contractors and medical centers, expert says.
The Iowa State University has suffered a massive security breach which compromised the security of student data and attempted to mine bitcoin. The University says the compromised servers contained social security numbers of 29,780 students enrolled between 1995 and 2012. However, there is no indication that any of the files were accessed. No financial information was stored in the student records and further investigation led the university to conclude that personal information was not the target. "The servers were hacked by an unknown person or persons seeking to generate enough computing....
KipCoin used to be a bitcoin exchange wallet service based in China. On February 18, the day of the Chinese Lunar New Year's Eve, a message was posted on their website stating that their wallet servers were hacked and that they had lost over 3000 BTC. The bitcoin exchange claims that hackers moved the company's funds to the following addresses: 1Chg6NxMeTcZ3DQvYA9gocjU4RQwH1LtKD. 18zf9CWe4uBy8BesHU3BWqjpibDRRBoPLD. 1MYkHXvnWuZ5FaMJkNv4uCLoVC2Ztp2DXK. 152BSsbpcGMdj9WBGHq3wXHgJVuqQCs4aJ. 16j131w3cvkdAc13sg5nREMiiJj3zoRw5n. 16qHXy4RDeek56mNDN84d2F6niE96taQso.....