Cryptomining
Definition, Meaning & Examples
Part of speech noun
Quick meaning: Cryptomining is a noun meaning The process of reverse-engineering the encryption used by cryptocurrency in order to generate cryptocurrency.
Meaning
The process of reverse-engineering the encryption used by cryptocurrency in order to generate cryptocurrency.
Example Sentences
One currency that is actively mined through cryptomining malware is Monero.
It’s almost as if cryptomining were designed to break graphics cards – miners usually run their graphics cards for 24 hours, and the process creates a lot of heat.
Demin warned that more companies could face malicious software capable of cryptomining. Of late, a number of businesses were caught running cryptomining code on their websites to secretly generate digital currencies as an alternative to online advertising.
Related Words
Related dictionary entries include cryptominer, mining, reverse engineering, cryptoprocessing, cryptomodule, cryptovirology.
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Sources & Attribution
FreeDictionaryAPI.com / Wiktionary · Original source · CC BY-SA 4.0
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