Chinese cybersecurity giant Qihoo 360 said in a WeChat post on Tuesday that it has built a system to monitor crypto mining operations, which will assist the government’s crackdown on the industry.
- The monitoring system is aimed at government agencies and companies that want to comply with China’s latest crackdown on crypto mining. The software can provide miners’ IP address, geographical location, network type, connection frequency, and suggest methods of how to dispose of them, Qihoo 360 said.
- Last week, Chinese users could not connect to some of the world’s largest mining pools due to DNS poisoning. This type of attack means that the pool’s domain names (eg. CoinDesk.com) were directed away from their actual IP addresses, where their servers are.
- Qihoo 360 found that 109,000 mining IP addresses were active daily on average in November, mostly in the provinces of Guangdong, Jiangsu, Zhejiang, and Shandong, the company said. Miners mainly use home broadband, enterprise-dedicated internet connections, and data centers, Qihoo 360 said.
- The software uses the company’s proprietary network traffic monitoring capabilities, big data analysis, and active defense mechanisms.