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    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

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    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

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    Ethereum Rules With $56.57M Sales, Solana and Polygon Compete

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    Defunct NFT lender Parallel Finance charges users $500 to withdraw assets

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    $3.62B Already Sold in 2025

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    Who Needs 280 Bitcoin Domain Names? Massive BTC Bundle Goes Up for Auction

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    Texas judge backs Logan Paul’s bid to escape CryptoZoo lawsuit

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    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

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  • Guides
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    What Is Impermanent Loss? How It Works, and How to Avoid It

    What Is an Algorithmic Stablecoin? How It Works and Why It Matters

    What Is an Algorithmic Stablecoin? How It Works and Why It Matters

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    What Is Volatility in Crypto? Why It Happens and How to Stay Safe

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    6 Under-$1 Utility Tokens with Real-World Use to Watch in the 2025 Bull Run

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    What is Crypto FOMO? How to Avoid Emotional Investing Mistakes

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  • Analysis
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    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

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    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

  • Coin Marketcaps
  • Home
  • Crypto
    • Bitcoin
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  • Web 3
    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    Enhancing Security in Online Gambling with Blockchain Technology

    Enhancing Security in Online Gambling with Blockchain Technology

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

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    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

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    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

  • Metaverse
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    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    Experience to Earn: Everdome's Metaverse Frontier

    Experience to Earn: Everdome’s Metaverse Frontier

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

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    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    Council of Europe Highlights Metaverse's Impact on Privacy and Democracy

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

    Carrieverse and Disney Ink Content Deal

    Carrieverse and Disney Ink Content Deal

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    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

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    Somnia Launches Playground App to Empower Metaverse Creators

  • NFT
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    Ethereum Rules With $56.57M Sales, Solana and Polygon Compete

    Defunct NFT lender Parallel Finance charges users $500 to withdraw assets

    Defunct NFT lender Parallel Finance charges users $500 to withdraw assets

    $3.62B Already Sold in 2025

    $3.62B Already Sold in 2025

    Who Needs 280 Bitcoin Domain Names? Massive BTC Bundle Goes Up for Auction

    Who Needs 280 Bitcoin Domain Names? Massive BTC Bundle Goes Up for Auction

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    Texas judge backs Logan Paul’s bid to escape CryptoZoo lawsuit

    NFT market cap drops by $1.2B as Ether rally loses steam

    NFT market cap drops by $1.2B as Ether rally loses steam

    From Apes to Punks, NFTs roar back with triple the buyers

    From Apes to Punks, NFTs roar back with triple the buyers

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    What’s Behind the Price Surge

    Azuki and H. Moser & Cie. Launch Limited Edition Elements of Time Watch Seri

    Azuki and H. Moser & Cie. Launch Limited Edition Elements of Time Watch Seri

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    Crypto Gaming Handheld Shipments Delayed Over ‘Excessive’ Import Duties

    Crypto Gaming Handheld Shipments Delayed Over ‘Excessive’ Import Duties

    Why AI NFT Companion Coins Could Be the Key to NFT Market Revival

    Why AI NFT Companion Coins Could Be the Key to NFT Market Revival

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    Google Unveils Pixel 10 Lineup With AI Features, New Watch and Earbuds

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    Immutable & Koin Games Unveil Fast-Paced, Collector-Driven Project O

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    Wilder World Launches FPS at Gamescom with Samsung Partnership and $100K Prize Pool

    ‘Wilder World’ Launches First-Person Shooter Game With $100K Tournament

    ‘Wilder World’ Launches First-Person Shooter Game With $100K Tournament

    ‘Pirate Nation’ Ethereum RPG Shutting Down as Crypto Gaming Graveyard Grows

    ‘Pirate Nation’ Ethereum RPG Shutting Down as Crypto Gaming Graveyard Grows

    What the Borussia Dortmund Team-Up Means for ‘FIFA Rivals’ Players

    What the Borussia Dortmund Team-Up Means for ‘FIFA Rivals’ Players

    KuCoin Spotlight Launches AKEDO Token Sale to Drive AI Gaming Innovation

    KuCoin Spotlight Launches AKEDO Token Sale to Drive AI Gaming Innovation

  • Blockchain
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    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

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    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    LFG Boosts Token Launches with Community Power

    LFG Boosts Token Launches with Community Power

    Polyhedra Network launches Proof Cloud in open beta

    Polyhedra Network launches Proof Cloud in open beta

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    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

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    SoonVerse Partners with Arris to Enhance User Experience

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    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

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    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

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    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

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    What Is Impermanent Loss? How It Works, and How to Avoid It

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    What Is an Algorithmic Stablecoin? How It Works and Why It Matters

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    What Is Volatility in Crypto? Why It Happens and How to Stay Safe

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  • Analysis
    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

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    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

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Home Mining

Hidden crypto mining operations target GPU renters

August 30, 2024
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Hidden crypto mining operations target GPU renters
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There may be signs that a hidden form of crypto mining is targeting the clients of rented GPUs for the purposes of training AI, rendering, or other computation-intensive tasks. The attacks come through GPU renting templates and affect even widely accessible services like Vast AI.

READ ALSO

Bitcoin miner Foundry hits 0.07% jackpot mining eight consecutive BTC blocks

Theminermag Bitcoin Mining Update – July/August 2025

Hidden mining may be returning in a new form, targeting rented GPU power. Formerly, hidden miners operated through websites or attacked networks, abusing their computational power to mine obscure crypto coins. Most of the mining power was used for Monero (XMR), while the crypto mining programs were disguised in apps or websites.

As GPU renting is thriving, offering rented computation from mainstream companies, crypto startups, or even former mining farms, hackers may be stealing some of the GPU power for illicit crypto mining.

Watch out for @vast_ai templates with crypto miners built in. Wish @LambdaAPI accepted payments from Turkey. pic.twitter.com/AXrBOG0QJc

— Kuter Dinel (@KuterDinel) August 22, 2024

Access to Vast AI is relatively straightforward. It offers cloud-based GPU power with varied pricing based on the host. It has been a popular provider of cloud services in the past few years, as it has fewer rate restrictions. The threat of hidden miners may be avoided with other GPU rental forms, which offer more control for the end customer.

The mining wallet belongs to Xelis, a recently active mining coin. Xelis has been trading since August 16, but crypto mining in the initial stages was active for months. The Xelis network reports 5.23 GH/s, more than double of Monero chain’s hashrate. Xelis copied a similar model to Monero even though it claims to have been created from scratch. The asset also focuses on confidentiality and is still in the solo mining stage.

See also  Bitcoin's Hashrate Hits Record 609 EH/s, Powering Through to New Peaks Amid Price Surge

The Xelis network has grown in recent months, also adding powerful crypto mining pools. Xelis does not seek obscurity and has a growing social media presence. As of July 29, Xelis trading also started on the Mexc market. With potentially increasing liquidity, hidden miners may have more incentives to produce Xelis blocks.

After the initial price discovery stage, early Xelis miners also noticed a rise in difficulty. This has caused speculation that the Xelis project may follow the trajectory of Kaspa, which started off as a community mining project, before inviting big pools.

Xelis has an agile mining algorithm to adjust difficulty, as pools move GPU power to new proof-of-work coins that turn liquid and profitable.

As of August 30, XEL traded at $10.66, near an all-time high, though still building up its volumes to around $450K in 24 hours.

GPU crypto mining coins still draw in hashrate

Few mined coins remain in 2024, as they have been replaced by speculative tokens.

Monero (XMR) is a likely candidate for distributed GPU mining, though it is more difficult to swap or trade due to KYC restrictions. Other GPU-compatible tokens include ZCash and Ravencoin, relatively older assets.

In the past few months, Monero’s network had impressive hashrate levels, remaining near its all-time high. The network has not been abandoned, and is relatively accessible at 2.5GH/s. The hashrate signals low competition and a favorable entry point for bot miners.

A collection of smaller projects is still available for mining, though with thin profit margins. Even the top-range GPUs have limited profitability of less than $1 in 24 hours. Yet even at that rate, stealing access to multiple GPU pools may still be profitable.

See also  Someone Just Won Bitcoin Fortune by Mining Block Alone

GPU rentals boost crypto AI projects

High-grade GPUs are affecting the crypto space in multiple ways. Direct crypto mining is now a niche activity, but GPU rentals quickly became a novel use case. Projects like Render (RNDR) switched to using GPU for more productive activities than hashing, such as spearheading image and video rendering.

Recently, RNDR celebrated its seventh year as an AI infrastructure project. The advantage of the platform was its ability to predict the boom of image-based AI activity, and gain access to GPUs at an earlier stage.

The RNDR network shows activity in mints and burns, as well as incentives to users. The payment rates for Render GPU power are similar to other cloud services, though with the extra step of using RNDR for payments.

Render still focuses on creators, with a recent grant program launched to support image and video editors. Beyond renting out GPU, Render also has a burn schedule for its RNDR native token, to reflect demand and market conditions.

As of August 30, RNDR traded at $5.27, after achieving a recent monthly peak at $6.30. Render is also among the leading projects in the AI narrative, and the one with the widest physical infrastructure of GPU and nodes.

Cryptopolitan reporting by Hristina Vasileva

Tags: CryptoGPUhiddenMiningOperationsrentersTarget

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