Botcoin: Monetizing Stolen Cycles presented at NDSS 2014

by Damon Mccoy, Sarah Meiklejohn, Kirill Levchenko, Stefan Savage, Nicholas Weaver, Chris Grier, Alex c. Snoeren, Danny Yuxing Huang, Hitesh Dharmdasani, Vacha Dave,

Summary : Botmasters have experimented with many different mechanisms for monetizing compromised user PCs over the years. The past 18 months, however, have seen the rise of a particularly direct method: printing money---Bitcoin, to be exact. This paper presents the first large-scale study of the methods, prevalence, and effectiveness of Bitcoin-mining botnets.