Mining cryptocurrencies requires a lot of processing power. With Bitcoin, the money people spend on devices and the electricity bills needed to run the device may not be enough.
In addition to Bitcoin, there are many other cryptocurrencies that are more profitable to mine. But if you can hijack other computers and let them mine for you, why spend a lot of money to buy a bunch of mining equipment?
This is exactly what hackers do with millions of Android phones through malicious ad redirect scams. The exact method used by hackers is not entirely clear, but it seems that after users download infected apps, they are quickly redirected to A website. The site clearly indicates that it is using infected devices to mine cryptocurrencies and will only stop when the user enters a valid CAPTCHA code (as shown).
The average time a user spends on this malicious website is 4 minutes, but the website has more than 30 million monthly visits, so the hacker must have dug up a lot of money.
Malwarebytes recommends using web filters and security software to secure your phone and download apps only from trusted stores.
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