Qihoo 360 creates mining-tracking system for Chinese authorities

The Chinese cybersecurity company Qihoo 360 announced that it has created a system for monitoring mining operations, designed to help authorities combat the sector.

The 360 Threat Situation Monitoring System is intended for regional government bodies and agencies that must comply with measures to counter cryptocurrency mining.

According to the company, the software identifies miner IP addresses, geographic location, type and frequency of connections, and also offers methods to suppress them.

According to Qihoo 360, in November an average of 109,000 IP addresses were used daily for mining. The bulk of activity was in Guangdong, Jiangsu, Zhejiang and Shandong provinces.

The system found that miners mainly operate via home broadband, dedicated corporate lines, and data centers.

Qihoo 360 noted that the solution uses its own capabilities in monitoring network traffic, Big Data analytics, and active defense mechanisms.

As reported in late November, a number of leading mining pools was unavailable to Chinese users.

Earlier, due to actions by the Chinese authorities, some pools ceased operations, others blocked access from Chinese IP addresses.

Subscribe to ForkLog News on VK.