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Hackers Offer to Sell 79,267 Cloudminr Accounts for One Bitcoin

posted by janrinok on Wednesday July 15 2015, @10:53AM   Printer-friendly
from the whoops,-I-did-it-again dept.

Arthur T Knackerbracket has a story from The Register:

Hackers appear to have stolen the entire user database of cloud-based Bitcoin mining outfit Cloudminr.io and are offering to sell 79,267 accounts including passwords for a single Bitcoin.

The Norwegian company's website is offline and criminal advertisements showcasing some of the CSV database of members has popped up on web clipboards like Pastebin. Despite their removal, some are still accessible in web caches.

The account information could be used to access Bitcoin wallets if Cloudminr.io users have made the common error of re-using passwords.

While users have rushed to change passwords, popular review site The Cloud Mining Directory says CloudMinr.io is "most likely an elaborate Ponzi scheme" after initally labelling it possibly the largest Bitcoin mining operations in the industry.

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  • (Score: 1, Insightful) by Anonymous Coward on Wednesday July 15 2015, @01:29PM

    by Anonymous Coward on Wednesday July 15 2015, @01:29PM (#209363)

    How to profit from a gold rush: Sell mining supplies.

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  • (Score: 3, Insightful) by The Archon V2.0 on Wednesday July 15 2015, @01:36PM

    by The Archon V2.0 (3887) on Wednesday July 15 2015, @01:36PM (#209366)

    Or sell the same piece of river to three people and clear out of town before any of them can get back.

  • (Score: 2) by WillR on Wednesday July 15 2015, @02:52PM

    by WillR (2012) on Wednesday July 15 2015, @02:52PM (#209398)
    That doesn't translate to a virtual gold rush, though.
    A person can only use one pick or shovel at a time; if you owned a wagonload of shovels in 1849, the only way to realize the full value of them was to sell them.
    If you own a datacenter full of ASIC miners, you can use all of them without splitting your profits or dealing with thousands of customers. You don't need to sell anything, unless you can get more for it than the expected value of the bitcoins minus operating expenses (or more pointedly, "...unless the buyers are chumps")!

    • (Score: 1) by rigrig on Wednesday July 15 2015, @03:27PM

      by rigrig (5129) <soylentnews@tubul.net> on Wednesday July 15 2015, @03:27PM (#209414) Homepage

      I suppose the ASIC manufacturers are selling the mining supplies.

      It looks like mining clouds are
      a) ASIC manufacturers trying to sell more of their hardware,
      b) crowd funded large-scale mining operations, or
      c) Ponzi schemes

      And it's quite difficult to tell b) and c) apart

      --
      No one remembers the singer.

      • (Score: 4, Disagree) by captain normal on Wednesday July 15 2015, @03:55PM

        by captain normal (2205) on Wednesday July 15 2015, @03:55PM (#209423)

        "elaborate Ponzi scheme"? Doesn't that pretty well describe the entire bitcoin thing?

        --
        When life isn't going right, go left.