# Bottlenecks, supply problems improving at ABB robotics division – board member
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2017-11-30
Category: FINANCE
Category URL: https://financedigest.com/category/finance
Meta Title: ABB robotics division sees improvement in supply chain
Meta Description: Get the latest update on ABB's robotics division as bottlenecks in semiconductor supply chains gradually improve. Find out more from Sami Atiya, head of
URL: https://financedigest.com/bottlenecks-supply-problems-improving-at-abb-robotics-division-board-member-2html

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- **84% of Brits want to be asked for permission before their personal computer is utilised for** **Bitcoin mining**

- **83% of Brits would be worried about the security of their personal data being** **compromised as a result of Bitcoin mining on their personal computer**

- **68% of Brits would be unhappy with companies using their personal computers processing** **power to analyse or mine Bitcoins**

- **62% of Brits fear Bitcoin mining could damage their personal computer in someway**

Interest in cryptocurrencies has spiked to an all-time high this year. The fundamental [reason behind this is due to the surge in value of established cryptocurrencies](https://www.financedigest.com/7-reasons-why-you-should-invest-in-cryptocurrency.html "7 Reasons why you should invest in Cryptocurrency") such as Ethereum and Bitcoin. With the latter’s value noticeably rocketing beyond an astronomical $6,000 (£4,500) over the course of 2017.

With the spotlight, has come scrutiny over the [technology and processes which underpin their success](https://www.financedigest.com/how-to-establish-a-successful-technology-strategy.html "How to establish a successful technology strategy"). The main question in the frame being “how are cryptocurrencies created”.

Known as cryptocurrency mining, [Reboot Marketing](https://www.rebootonline.com/) sought to clearly identify what it is and why it has become such a topical issue. Cryptocurrency mining, is a function whereby computers solve complex mathematical [problems to verify recently made transactions before they are added to the publicly available digital ledger known as blockchain](https://www.financedigest.com/the-problem-with-blockchain.html "The problem with Blockchain"). Consequently, new coins of a given cryptocurrency are generated and then rewarded to the first ‘miner’ whose set of computers figure out the mathematical problems in hand.

Despite its straightforward premise, for it to be a truly fruitful process, miners need to be able to facilitate the huge amounts of computing [power needed to continually work through the mathematical problems and generate](https://www.financedigest.com/rising-investments-in-renewable-power-generation-to-amplify-demand-of-substation-monitoring-system-market-fact-mr-report.html "Rising Investments in Renewable Power Generation to Amplify Demand of Substation Monitoring System Market: Fact.MR Report") more of a given cryptocurrency. Unfortunately, [due to the high cost](https://www.financedigest.com/dsm-misses-q1-forecasts-due-to-weak-volumes-and-high-costs.html "DSM misses Q1 forecasts due to weak volumes and high costs") of acquiring all the necessary computing infrastructure, it’s an investment many cannot afford to make. Those desperate to [overcome this barrier](https://www.financedigest.com/why-start-ups-fail-5-barriers-to-business-success-and-how-to-overcome-them.html "Why start-ups fail: 5 barriers to business success and how to overcome them") and capitalise on the current popularity of cryptocurrencies, may still do so through unscrupulous avenues.

One of the mains ways in which this has transpired is by hackers finding websites which have poor site [security or web](https://www.financedigest.com/secure-web-gateway-market-expectations-growth-trends-highlighted-until-2029.html "Secure Web Gateway Market Expectations & Growth Trends Highlighted Until 2029") software bugs and then exploiting these flaws by inserting a code which covertly harnesses the processing power of a visitor’s computer to mine a cryptocurrency. This action primarily being enabled by Coin-Hive, who earlier this year introduced a script that could start mining a cryptocurrency known as Monero when a website loaded.

Coin-Hive hoped it would provide websites an alternative revenue stream away from displaying online advertisements, though these intentions have been manipulated by opportunist hackers. Hackers who have maliciously harboured the Coin-Hive script on well-known websites to create an income from unsuspecting visitors. ShowTime, the US [video streaming](https://www.financedigest.com/cavai-and-azerion-deliver-industry-first-with-conversational-in-stream-video.html "Cavai and Azerion deliver industry first with conversational in-stream video") service, being the latest and most prominent website where this monetising technique was deployed. In fact, statistics by anti-virus provider Kaspersky [Lab show that they have so far detected 1.65 million](https://www.financedigest.com/exclusive-northvolt-plots-ev-battery-grab-with-750-million-swedish-lab-plan.html "Exclusive-Northvolt plots EV battery grab with 0 million Swedish lab plan") **computers in 2017infected by malware which has installed mining software without the permission of users/owners**.

To mark **Computer Security Day** on the 30th of November 2017, [Reboot Marketing](https://www.rebootonline.com/) analysed finding from YouGov, to identify Brits attitudes towards those hijacking their personal computers to mine Bitcoin.

**The [research](https://www.financedigest.com/new-research-reveals-the-countries-leaving-cash-behind.html "New research reveals the countries leaving cash behind") fascinatingly revealed:**

![cryptocurrencies](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/cryptocurrency-mining-brits-1737287632941-compressed.jpg)

**James Robinson, a Senior IT Analyst commented:**

“It’s a shame certain individuals and groups see best fit to mine cryptocurrencies in such a way. Not obtaining permission before carrying out this practise is intrusive and unwarranted. It’s also adding another unwelcomed association to the existing [negative perceptions](https://www.financedigest.com/negative-perceptions-about-emergency-contraception-are-likely-to-hamper-the-sales-of.html "Negative perceptions about emergency contraception are likely to hamper the sales of") of cryptocurrencies. With scripts being developed, in the form of web extensions, to prevent browsers from being hijacked by opportunist cryptocurrency miners and more cyber-security measures on the way – it’s hoped this so called ‘cryptojacking’ does not [gain](https://www.financedigest.com/bone-densitometers-market-to-gain-momentum-owing-to-increasing-cases-of-bone-disorders-especially-among-geriatric-population.html "Bone Densitometers Market To Gain Momentum Owing To Increasing Cases Of Bone Disorders Especially Among Geriatric Population") any more momentum”.

**Shai Aharony, [Managing Director of Reboot Marketing](https://www.financedigest.com/food-waste-management-market-expected-to-expand-more-than-three-fold-through-2032.html "Food Waste Management Market Expected to Expand More than Three-Fold through 2032") commented:**

“Cryptocurrency mining is a computationally intensive task. It requires a hefty [number of devices to access their processing power](https://www.financedigest.com/record-numbers-resign-in-france-as-bargaining-power-balance-shifts-labour-ministry.html "Record numbers resign in France as bargaining power balance shifts -labour ministry"). Unfortunately, due the financial constraints of setting-up a sizeable [network of computers](https://www.financedigest.com/hackers-hit-italian-oil-company-enis-computer-networks.html "Hackers hit Italian oil company Eni’s computer networks"), hackers have adopted genuine cryptocurrency mining tools in a dishonest way, by hiding code on websites to mine a cryptocurrency on the computers of unwary visitors. It’s a [process used primarily for personal gain to capitalise on the current](https://www.financedigest.com/the-problem-with-current-anti-money-laundering-processes-a-lack-of-context.html "The problem with current Anti-Money Laundering processes: A lack of context") boom in cryptocurrencies. This research certainly shows that Brits are not too fond of the practise, with the [majority rightly concerned about their personal data](https://www.financedigest.com/cbd-gummies-market-current-scenario-and-industry-growth-forecast-with-major-key-players-data-2030.html "CBD Gummies Market| Current Scenario and Industry Growth Forecast with Major Key Players data 2030") being breached”.


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