Cryptojacking

What Does Cryptojacking Mean?

Cryptojacking is the unauthorized use of computing resources to mine cryptocurrencies. The idea is that a smart system can utilize the resources of visiting devices or end users to contribute to bitcoin mining or other similar mining efforts. The use of cryptojacking is spurring enormous controversy over the appropriate use of shared resources and interactions between digital parties.

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Cryptojacking is also known as cryptomining malware or coinjacking.

Techopedia Explains Cryptojacking

Using various types of hacks and programs, individuals performing cryptojacking can divert visiting devices from their intended use, or pilfer energy in the background of a digital transaction. Experts point to a Monero miner called CoinHive as an example of cryptojacking technology. The practice of cryptojacking has been seen as illicit redirection of device activity, and as a “resource drain,” prompting security system makers to block technologies that accomplish cryptojacking objectives. The future of cryptojacking, in the bitcoin age, will be instructive about the limits of what is socially acceptable in cryptocurrency mining.

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Margaret Rouse
Technology Expert

Margaret is an award-winning technical writer and teacher known for her ability to explain complex technical subjects to a non-technical business audience. Over the past twenty years, her IT definitions have been published by Que in an encyclopedia of technology terms and cited in articles by the New York Times, Time Magazine, USA Today, ZDNet, PC Magazine, and Discovery Magazine. She joined Techopedia in 2011. Margaret's idea of a fun day is helping IT and business professionals learn to speak each other’s highly specialized languages.