cryptomining

English

Etymology

From crypto- +‎ mining.

Noun

cryptomining (uncountable)

1. The process of reverse-engineering the encryption used by cryptocurrency in order to generate cryptocurrency.
   • 2018 February 12, Antonio Villas-Boas, “I've started to mine cryptocurrency, and it's surprisingly easy -- but I'm still 8 months away from breaking even”, in Business Insider Australia:

     It’s almost as if cryptomining were designed to break graphics cards – miners usually run their graphics cards for 24 hours, and the process creates a lot of heat.

   • 2017 December 16, Hyacinth Mascarenhas, “Russian pipeline giant Transneft's computers hit with malware that covertly mined cryptocurrency”, in International Business Times UK:

     Demin warned that more companies could face malicious software capable of cryptomining. Of late, a number of businesses were caught running cryptomining code on their websites to secretly generate digital currencies as an alternative to online advertising.

   • 2016 September 9, JP Buntinx, “NAS Servers Infected With Crypto Malware Are Mining Monero”, in News BTC:

     One currency that is actively mined through cryptomining malware is Monero.