Botcoin: Monetizing Stolen Cycles

@inproceedings{Huang2014BotcoinMS,
  title={Botcoin: Monetizing Stolen Cycles},
  author={Danny Yuxing Huang and Hitesh Dharmdasani and Sarah Meiklejohn and Vacha Dave and Chris Grier and Damon McCoy and Stefan Savage and Nicholas Weaver and Alex C. Snoeren and Kirill Levchenko},
  booktitle={NDSS},
  year={2014}
}
At the current stratospheric value of Bitcoin, miners with access to significant computational horsepower are literally printing money. For example, the first operator of a USD $1,500 custom ASIC mining platform claims to have recouped his investment in less than three weeks in early February 2013, and the value of a bitcoin has more than tripled since then… CONTINUE READING

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