Bitcoins mined per month minus expenses, initial outlay of capital to start the mining farm and high difficulty would give the 12 officers of the Russian intelligence agency very small income. It would be cheaper for them to buy the bitcoins hehehe.
In any case, just another article giving the false information.
Topic: [2018-07-15] Russian Intelligence Officers Mined Bitcoin To Fund Attacks Against (Read 132 times)
July 15, 2018, 08:28:33 PM
July 15, 2018, 06:05:48 PM
The mining of Bitcoin is probably a side note in the larger plan. The Russian agencies are well-funded and do not need to mine Bitcoins to fund their hacking attack. They probably had to make pay-off using bitcoins, but mining accounted probably for only a small portion of their source. When a state agency wants to obtain bitcoins, it is very easy to do so.
They might have mined Bitcoin to get fresh coins with no traces, hoping that they will provide them better privacy than the coins bought from exchange or third parties that can be tracked.
Monero is indeed a bit different and more tinted towards the negative side, especially so with how Monero is also used for browser based mining purposes by plenty of sites, and that without permission. I still have to figure out what coin is actually the best possible tool to obtain the most privacy. Every coin on that side and the community behind them say that they are the most reliable in that aspect, but I'm not exactly sure. It's actually a personal thing as well, because even with mixers people like one feature and dislike the other. Without having tried everything you can't just discard certain features or privacy coins.
I too haven't dug deep into all the privacy coins, but I know that both Dash and Zcash get a lot of criticism over some centralization issues and potential privacy-breaking attacks, while Monero doesn't have any serious accusations against it, at least to my knowledge. Also, Monero is on good terms with some Core developers, at to me it looks like a seal of approval. This is why I'm hodling a small amount of XMR, especially since it has performed very well in the past. And who knows, maybe I'll even have to use it one day.
July 15, 2018, 05:15:41 PM
Also a lot of posters mention Monero as an example of true private currency, and it seems like it's getting a portion of bad rep that previously was thrown at Bitcoin.
Monero is indeed a bit different and more tinted towards the negative side, especially so with how Monero is also used for browser based mining purposes by plenty of sites, and that without permission. I still have to figure out what coin is actually the best possible tool to obtain the most privacy. Every coin on that side and the community behind them say that they are the most reliable in that aspect, but I'm not exactly sure. It's actually a personal thing as well, because even with mixers people like one feature and dislike the other. Without having tried everything you can't just discard certain features or privacy coins.
July 15, 2018, 01:03:06 PM
Imo, these are quite interesting news for Bitcoin.
I've been checking multiple threads about this on reddit and there were many different opinions: some said that this is bad because it makes Bitcoin to look like a tool for illegal activities, but others point out that Bitcoin's transparency made it possible to uncover this alleged conspiracy, so Bitcoin shouldn't be viewed as a tool for money laundering. It's curious, because it seems like the popular and wrong opinion that Bitcoin is anonymous is shifting, but at the same time developers are working on adding privacy features to Bitcoin. Also a lot of posters mention Monero as an example of true private currency, and it seems like it's getting a portion of bad rep that previously was thrown at Bitcoin.
I've been checking multiple threads about this on reddit and there were many different opinions: some said that this is bad because it makes Bitcoin to look like a tool for illegal activities, but others point out that Bitcoin's transparency made it possible to uncover this alleged conspiracy, so Bitcoin shouldn't be viewed as a tool for money laundering. It's curious, because it seems like the popular and wrong opinion that Bitcoin is anonymous is shifting, but at the same time developers are working on adding privacy features to Bitcoin. Also a lot of posters mention Monero as an example of true private currency, and it seems like it's getting a portion of bad rep that previously was thrown at Bitcoin.
I don't see hard evidence for these allegations. Mueller's probe looks biased since his team of lawyers packed only with people who support Democratic party beside one.
July 15, 2018, 09:57:39 AM
The mining of Bitcoin is probably a side note in the larger plan. The Russian agencies are well-funded and do not need to mine Bitcoins to fund their hacking attack. They probably had to make pay-off using bitcoins, but mining accounted probably for only a small portion of their source. When a state agency wants to obtain bitcoins, it is very easy to do so.
July 15, 2018, 09:22:33 AM
Imo, these are quite interesting news for Bitcoin.
I've been checking multiple threads about this on reddit and there were many different opinions: some said that this is bad because it makes Bitcoin to look like a tool for illegal activities, but others point out that Bitcoin's transparency made it possible to uncover this alleged conspiracy, so Bitcoin shouldn't be viewed as a tool for money laundering. It's curious, because it seems like the popular and wrong opinion that Bitcoin is anonymous is shifting, but at the same time developers are working on adding privacy features to Bitcoin. Also a lot of posters mention Monero as an example of true private currency, and it seems like it's getting a portion of bad rep that previously was thrown at Bitcoin.
I've been checking multiple threads about this on reddit and there were many different opinions: some said that this is bad because it makes Bitcoin to look like a tool for illegal activities, but others point out that Bitcoin's transparency made it possible to uncover this alleged conspiracy, so Bitcoin shouldn't be viewed as a tool for money laundering. It's curious, because it seems like the popular and wrong opinion that Bitcoin is anonymous is shifting, but at the same time developers are working on adding privacy features to Bitcoin. Also a lot of posters mention Monero as an example of true private currency, and it seems like it's getting a portion of bad rep that previously was thrown at Bitcoin.
July 15, 2018, 08:43:42 AM
The DoJ indicted 12 officers of the Russian intelligence agency, the Main Intelligence Directorate of the General Staff (GRU). These GRU agents allegedly executed large-scale hacking attacks aimed at interfering with the 2016 U.S. presidential elections.
https://bitcoinist.com/russian-intelligence-officers-mined-bitcoin-to-fund-attacks-against-u-s-democracy/
https://bitcoinist.com/russian-intelligence-officers-mined-bitcoin-to-fund-attacks-against-u-s-democracy/
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