Qihoo 360, a Chinese cybersecurity firm, has developed a crypto mining monitor for government agencies.

Over the last several months, China’s assault on cryptocurrency mining has been rapid and ruthless, and the government has vowed to leave no stone unturned, enlisting the expertise of cybersecurity firm Qihoo 360 to help hunt down any instances of crypto mining in the nation. The Chinese cybersecurity firm announced a breakthrough technology on WeChat earlier this week, claiming to be able to monitor cryptocurrency mining operations and stating that it will be aiding the Chinese government in its efforts to eradicate cryptocurrency mining.

Qihoo 360’s innovative monitoring system, first reported by Coindesk, is said to be capable of disclosing a miner’s IP address, geographical location, network type, and connection frequency, as well as suggesting ways to filter them out. Qihoo 360 claims to have discovered as many as 1,09,000 mining IP addresses active every day on average in November, predominantly in the provinces of Guangdong, Jiangsu, Zhejiang, and Shandong, according to data gathered by its monitoring system. Crypto miners, according to Qihoo 360, mostly employ household broadband, corporate Internet connections, and data centers.

Qihoo 360’s exclusive network traffic monitoring capabilities, big data analysis, and active defense mechanisms are used in the software package, according to the business.

Cryptocurrency mining consumes enormous quantities of energy, both in terms of the electricity used by specialized computer equipment to solve the mathematical problems that generate the money and in terms of the energy required to cool the machines and keep them from overheating.

Since May of this year, China has ramped up attempts to crack down on crypto mining and trade as part of its goal to develop a low-carbon economy and attain peak carbon emissions by 2030.

China’s main economic planning body recently revealed specifics about how it intends to combat cryptocurrency mining, stating that the next phase of the crackdown would focus on industrial-scale miners and the involvement of state-owned enterprises.

Meng Wei, a spokeswoman for the National Development and Reform Commission (NDRC), informed media reports that authorities will prioritize the removal of Bitcoin mining in particular.

In addition, Meng stated, when asked what the NDRC’s next actions will be in its crackdown on the business, the NDRC will require crypto mining operations that presently pay residential power costs to pay higher rates as a penalty.

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