BitCoin Security

Anonymity in the Cryptocurrency Monero – YES, Monero is still secure!

Researchers have exploited a flaw in the cryptocurrency Monero to break the anonymity of transactions, however, this is just a re-release and seems to be already over 1 year old now. Several pages ‘forgot’ to mention that this is already resolved and the new introduced and updated research paper overall says nothing that is not already well known.

Is Monero untracable
Is Monero really untraceable? Picture Source: Official Monero YouTube channel
Tips and Tricks

Mine Monero like a Pro

You can mine Monero (XMR) with your GPU or CPU but the benefit of mining with GPU is limited because CryptoNight is according to Wikipedia “AES-intensive and “memory heavy”. Choosing GPU or CPU is depending what hardware you use but in this little tutorial I show you a miner software which is open source and covers both, it has a version for everything. So let’s start.

Even popular pages mining, like TPB. Picture Source:

Monero miner attacking WordPress pages

WordPress sites around the globe have been the targets of a massive brute-force campaign during which hackers attempted to guess admin account logins in order to install a Monero miner on compromised sites. The brute-force attack started on Monday morning, 03:00 AM UTC and is still going strong at the time of writing.

Wordpress attack
Wordfence says the brute-force attacks peaked at 14.1 million requests per hour. Picture: Wordfence

Secure cryptocurrencies – They exist!

I already warned everyone about BitCoin but which alternatives do we have? We have Monero!  Privacy wasn’t one of Satoshi Nakamoto’s main concerns when he created Bitcoin. It was only covered briefly in the original Bitcoin Whitepaper, where he wrote:

… but privacy can still be maintained by breaking the flow of information in another place: by keeping public keys anonymous.

Official Monero Logo – Picture Source: Monero

In other words, every Bitcoin transaction is public – you can see which address sent Bitcoin to another address – but you don’t know who owns those addresses, unless that person announces it to the world.