CoinMiner malware (also known as cryptocurrency mining malware) is a type of malicious software that hijacks a computer’s resources to mine cryptocurrencies without the owner’s consent. Cryptocurrency mining is the process of validating transactions and adding them to a blockchain ledger, and miners are rewarded with newly created coins as an incentive for their work.
Once installed, the CoinMiner malware runs in the background, using the computer’s processing power and resources to perform complex mathematical calculations required for cryptocurrency mining.
The mining process consumes a significant amount of CPU and GPU resources, causing the infected computer to slow down, overheat, and sometimes crash. Additionally, CoinMiner malware can lead to higher electricity bills due to the increased power consumption.