By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
DailynewsegyptDailynewsegypt
  • Home
  • Business
    BusinessShow More
    Egypt’s petrochemicals exports surge 23% to $8.629bn in 2022
    Egypt’s petrochemicals exports surge 23% to $8.629bn in 2022
    June 8, 2023
    Trade exchange between Egypt, COMESA countries increases to $5.3bn in 2022: CAPMAS
    Trade exchange between Egypt, COMESA countries increases to $5.3bn in 2022: CAPMAS
    June 8, 2023
    AI-generated academic science writing can be identified with over 99% accuracy
    AI-generated academic science writing can be identified with over 99% accuracy
    June 8, 2023
    Afreximbank provides Egypt’s CIAF Leasing with $44m aircraft financing facility
    June 8, 2023
    Ezdehar launches EGP 2bn fund to invest in small enterprises by September
    Ezdehar launches EGP 2bn fund to invest in small enterprises by September
    June 8, 2023
  • Politics
    PoliticsShow More
    Israel's neglect of Palestinian issue threatens regional, global security: Palestinian Foreign Ministry
    Israel’s neglect of Palestinian issue threatens regional, global security: Palestinian Foreign Ministry
    June 8, 2023
    Renewed clashes erupt in Sudan’s Omdurman, Khartoum
    Renewed clashes erupt in Sudan’s Omdurman, Khartoum
    June 8, 2023
    Abdel Ghaffar highlights Egypt’s government achievements in health sector during Africa Health ExCon
    Abdel Ghaffar highlights Egypt’s government achievements in health sector during Africa Health ExCon 
    June 8, 2023
    A legally binding agreement must be reached on GERD: Al-Sisi
    A legally binding agreement must be reached on GERD: Al-Sisi
    June 8, 2023
    Egypt’s Al-Sisi starts African tour to Angola, Zambia, and Mozambique
    Egypt’s Al-Sisi starts African tour to Angola, Zambia, and Mozambique
    June 7, 2023
  • Interviews
    InterviewsShow More
    EFG Finance to launch unified platform gathering all its financing services: Alaa Al-Afifi
    EFG Finance to launch unified platform gathering all its financing services: Alaa Al-Afifi
    May 31, 2023
    I changed my artistic path to create ‘state of wonder’: Tarek Lotfi
    I changed my artistic path to create ‘state of wonder’: Tarek Lotfi
    May 25, 2023
    I adore Ramadan drama, ‘Telt Al-Talata’ series achieved great success: Ghada Abdel Razek
    I adore Ramadan drama, ‘Telt Al-Talata’ series achieved great success: Ghada Abdel Razek
    May 8, 2023
    We aim to establish Egypt as nearshore centre for Software AG for MET region: Rami Kichli
    We aim to establish Egypt as nearshore centre for Software AG for MET region: Rami Kichli
    April 29, 2023
    Egypt-Spain relations witness remarkable development in recent years: Spanish ambassador in Cairo
    Egypt-Spain relations witness remarkable development in recent years: Spanish ambassador in Cairo
    April 18, 2023
  • Culture
  • Opinion
  • Sports
  • Lifestyle
Reading: Kaspersky blocks 200 million illegal crypto mining attempts, saving 3k tonnes of CO2 per year
Share
Notification
Latest News
Egypt’s petrochemicals exports surge 23% to $8.629bn in 2022
Egypt’s petrochemicals exports surge 23% to $8.629bn in 2022
Business
Trade exchange between Egypt, COMESA countries increases to $5.3bn in 2022: CAPMAS
Trade exchange between Egypt, COMESA countries increases to $5.3bn in 2022: CAPMAS
Business
Israel's neglect of Palestinian issue threatens regional, global security: Palestinian Foreign Ministry
Israel’s neglect of Palestinian issue threatens regional, global security: Palestinian Foreign Ministry
Politics Region
AI-generated academic science writing can be identified with over 99% accuracy
AI-generated academic science writing can be identified with over 99% accuracy
Business
Afreximbank provides Egypt’s CIAF Leasing with $44m aircraft financing facility
Business
Aa
Aa
DailynewsegyptDailynewsegypt
  • Home
  • Business
  • Politics
  • Interviews
  • Culture
  • Opinion
  • Sports
  • Lifestyle
  • Home
  • Business
  • Politics
  • Interviews
  • Culture
  • Opinion
  • Sports
  • Lifestyle
Have an existing account? Sign In
Follow US
  • Advertise
© 2023 DNE News. All Rights Reserved.
Dailynewsegypt > Blog > Business > Kaspersky blocks 200 million illegal crypto mining attempts, saving 3k tonnes of CO2 per year
Business

Kaspersky blocks 200 million illegal crypto mining attempts, saving 3k tonnes of CO2 per year

Daily News Egypt
Last updated: 2023/04/28 at 10:05 AM
By Daily News Egypt 4 Min Read
Share
Kaspersky blocks 200 million illegal crypto mining attempts, saving 3k tonnes of CO2 per year
SHARE

In the wake of Earth Day 2023, Kaspersky revealed new data on the environmental impact of blocking crypto miners. Kaspersky solutions prevented more than 200 million attempts at illegal crypto mining, and in the process saved the possible energy equivalent of up to 3,000 tons of CO2 emissions into the atmosphere in 2022.

Crypto mining is an energy-consuming business. For example, the electricity consumption for bitcoin production is equal to the annual energy consumption of Sweden. The growing energy costs of cryptocurrency production contribute to the growing popularity of malicious mining or cryptojacking – threats that infiltrate a user’s device to secretly mine cryptocurrency. The victim might not even be aware that someone is using their device’s processing resources for cryptocurrency mining, as the malware runs in hidden mode.

High power consumed during cryptojacking can not only lead to a decrease in device performance, but also has negative consequences for the environment. In 2019, Kaspersky developed and introduced a special methodology that allows consumers and businesses to assess the impact of illegal mining on the environment. In the process, we discovered the amount of energy consumed in mining can reach 1.67 GWh – enough comparable annual energy to power a city or charge 15,000 electric cars. According to the new statistics, the trend of growing energy consumption by crypto mining remains.

In 2022, Kaspersky products prevented 202,540,954 attempts by hijackers to use another device for crypto mining. To calculate the minimum amount of energy saved by blocking malicious miners we used the formula from the 2019 study shown below. 

According to the calculations, this value is 4.28 ± 2.67 GWh. If converted into carbon dioxide emissions at the global average based on the estimate of the Independent Energy Think Tank Ember, between 700 to 3,000 tonnes of greenhouse gas (CO2) emitted into the atmosphere emissions were prevented. 

•           (Wtotal) is the minimum amount of energy saved by blocking malicious miners

•           (W) is the minimum average power consumption of a miner 

•           (N) is the number of blocked attempts in 2022

•           (T) is the time that the web miner would have worked if it had not been blocked by the security

Solution (we take the figure of 5.3 minutes, which is an estimate of the average run time of a miner given by the Foundation for Research and Technology – Hellas (FORTH), a research center in Greece)

Among other things, the cost of this amount of energy varies country by country. For instance, if that amount of energy were consumed entirely in the US, American users would have to shell out $1,251,000, while residents of Denmark, where the price of electricity is currently the highest, would have to pay $4,017,100.

“While the danger of crypto mining to victims’ devices is well known, the negative impact of this threat on the environment is not so obvious. It is important to understand that the more energy mining consumes, the more carbon dioxide and other harmful substances are emitted into the atmosphere. Protecting customers from this cyber threat not only leads to better digital life, but also serves as a preventive measure to increase environmental sustainability, especially where large populations reside,” said Maria Losyukova, Head of Sustainability at Kaspersky.

You Might Also Like

Egypt’s petrochemicals exports surge 23% to $8.629bn in 2022

Trade exchange between Egypt, COMESA countries increases to $5.3bn in 2022: CAPMAS

AI-generated academic science writing can be identified with over 99% accuracy

Afreximbank provides Egypt’s CIAF Leasing with $44m aircraft financing facility

Ezdehar launches EGP 2bn fund to invest in small enterprises by September

TAGGED: Kaspersky
Share this Article
Facebook Twitter Email Print
Previous Article Egypt’s trade exchange with African countries records $2.117bn in 1Q 2023 Egypt’s trade exchange with African countries records $2.117bn in 1Q 2023
Next Article FRA gives companies listed on EGX until end-May to submit their 1Q financial statements  FRA gives companies listed on EGX until end-May to submit their 1Q financial statements 
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Ad image
Ad image

Stay Connected

Facebook Like
Twitter Follow
Instagram Follow
Youtube Subscribe

Latest News

Egypt’s petrochemicals exports surge 23% to $8.629bn in 2022
Egypt’s petrochemicals exports surge 23% to $8.629bn in 2022
Business
Trade exchange between Egypt, COMESA countries increases to $5.3bn in 2022: CAPMAS
Trade exchange between Egypt, COMESA countries increases to $5.3bn in 2022: CAPMAS
Business
Israel's neglect of Palestinian issue threatens regional, global security: Palestinian Foreign Ministry
Israel’s neglect of Palestinian issue threatens regional, global security: Palestinian Foreign Ministry
Politics Region
AI-generated academic science writing can be identified with over 99% accuracy
AI-generated academic science writing can be identified with over 99% accuracy
Business
//
Egypt’s only independent daily newspaper in English. Discuss the country’s latest with the paper’s reporters, editors, and other readers.

Quick Link

  • Home
  • Business
  • Politics
  • Interviews
  • Culture
  • Opinion
  • Sports
  • Lifestyle

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

© 2023 DNE News. All Rights Reserved.

Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc..

Zero spam, Unsubscribe at any time.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?