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A first look at browser-based Cryptojacking

Author

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  • Shayan Eskandari
  • Andreas Leoutsarakos
  • Troy Mursch
  • Jeremy Clark

Abstract

In this paper, we examine the recent trend towards in-browser mining of cryptocurrencies; in particular, the mining of Monero through Coinhive and similar code- bases. In this model, a user visiting a website will download a JavaScript code that executes client-side in her browser, mines a cryptocurrency, typically without her consent or knowledge, and pays out the seigniorage to the website. Websites may consciously employ this as an alternative or to supplement advertisement revenue, may offer premium content in exchange for mining, or may be unwittingly serving the code as a result of a breach (in which case the seigniorage is collected by the attacker). The cryptocurrency Monero is preferred seemingly for its unfriendliness to large-scale ASIC mining that would drive browser-based efforts out of the market, as well as for its purported privacy features. In this paper, we survey this landscape, conduct some measurements to establish its prevalence and profitability, outline an ethical framework for considering whether it should be classified as an attack or business opportunity, and make suggestions for the detection, mitigation and/or prevention of browser-based mining for non- consenting users.

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  • Shayan Eskandari & Andreas Leoutsarakos & Troy Mursch & Jeremy Clark, 2018. "A first look at browser-based Cryptojacking," Papers 1803.02887, arXiv.org.
    • Handle: RePEc:arx:papers:1803.02887
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    References listed on IDEAS

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    1. Benjamin Edelman & Michael Ostrovsky & Michael Schwarz, 2007. "Internet Advertising and the Generalized Second-Price Auction: Selling Billions of Dollars Worth of Keywords," American Economic Review, American Economic Association, vol. 97(1), pages 242-259, March.
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    Cited by:

    1. Asad Waqar Malik & Zahid Anwar, 2022. "Do Charging Stations Benefit from Cryptojacking? A Novel Framework for Its Financial Impact Analysis on Electric Vehicles," Energies, MDPI, vol. 15(16), pages 1-15, August.

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