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Using stolen computer processing cycles to mine Bitcoin

February 26, 2014

bitcoins A team of computer scientists at the University of California, San Diego, has taken an unprecedented, in-depth look at how malware operators use the computers they infect to mine Bitcoin, a virtual currency whose value is highly volatile. Researchers examined more than 2,000 pieces of malware used by Bitcoin mining operations in 2012 and 2013. They were able to estimate how much money operators made off their operations and which countries were most affected. Full Story

University of California, San Diego

The National Science Foundation (NSF) is an independent federal agency that supports fundamental research and education across all fields of science and engineering. In fiscal year (FY) 2016, its budget is $7.5 billion. NSF funds reach all 50 states through grants to nearly 2,000 colleges, universities and other institutions. Each year, NSF receives more than 48,000 competitive proposals for funding and makes about 12,000 new funding awards. NSF also awards about $626 million in professional and service contracts yearly.

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