Even though Monero is quite a competent cryptocurrency with a strong focus on anonymity and privacy, it seems there is also a negative aspect of this particular currency. More specifically, Monero is making inroads in the cryptocurrency mining malware world.

In fact, a new study shows 5% of the XMR in circulation has been mined with malware, which is not the development most people were looking for. While cryptocurrency mining malware has been around for many years now, it seems a lot of things have changed in the past few years.

With Bitcoin mining becoming virtually impossible with regular computers, the focus has shifted to the various altcoins. Monero is quickly becoming the go-to currency in this regard, as it can still be mined with CPUs and GPUs alike.

As such, there has been an increase in the number of cryptocurrency mining malware strains which mainly mine Monero in one way or another. This has had an impact on the total supply of Monero as well as on where XMR seems to originate. Given the anonymous nature of Monero transactions, exact data will always be difficult to come by.

A new study by Palo Alto Networks provides a rather interesting insight as to where the Monero supply is coming from. According to their research, around 5% of the existing XMR supply is associated with the malicious mining of Monero through malware or other means. Read more from nulltx.com…

thumbnail courtesy of nulltx.com