Nexusguard's Solution to Shield Bitminter from DDoS Attacks and Downtime
Technology Category
- Application Infrastructure & Middleware - Blockchain
Applicable Industries
- Electrical Grids
- Mining
Use Cases
- Time Sensitive Networking
About The Customer
Bitminter is a pioneer in the field of bitcoin mining pools. Founded in 2011, it was among the first of its kind to appear on the global stage. Bitminter operates in a highly competitive market and has over 300,000 users. At its peak, the company maintained 10% of the global computing power for bitcoin mining. Bitminter's business model is based on offering a user-friendly alternative for individuals to pool their efforts in mining bitcoin and share in the profits. However, the company's dependence on the internet made it a frequent target of DDoS attacks and extortion threats.
The Challenge
Bitminter, a pioneer in bitcoin mining pools, was facing a significant challenge in maintaining its network stability and uptime due to frequent DDoS attacks and extortion threats. Since its inception in 2011, Bitminter had attracted over 300,000 users and maintained 10% of bitcoin mining power at its peak. However, the company was a frequent target of DDoS attacks due to its high dependence on the internet. While these attacks rarely brought the company down for long periods, Bitminter was aware that any downtime could lead to users switching to other services. The company had tried setting up secondary and tertiary mining pools as a stopgap solution, but the attacks continued. Furthermore, the data center hosting Bitminter would null-route the company during attacks, effectively taking the service offline. This situation led to users leaving every time the mining pool was inaccessible.
The Solution
Bitminter turned to Nexusguard for a solution to its DDoS attack problem. Nexusguard's DDoS+ Protection provided the critical stability and absolute uptime that Bitminter needed to maintain its user base and profitability. This service ensured maximum uptime, a key factor in retaining existing miners and attracting new ones in the highly competitive bitcoin mining industry. Nexusguard's service also offered predictability in terms of security budget planning, with a transparent monthly fee structure and maximum caps that eliminated any unpleasant overage surprises if and when an attack occurred. This solution allowed Bitminter to continue operating without being overwhelmed by attacks or subjected to the whims of its hosting provider.
Operational Impact
Quantitative Benefit
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