Categories: CryptoNews

Hydroelectric Plants Connected To Public Internet Are A Concern For Bitcoin Mining Companies

More and more cryptocurrency mining initiatives are focusing their attention on using hydroelectric power. However, several of these plants around the world are connected to the public Internet. Anyone in the world can access these unauthenticated management interfaces. Assailants could inflict a lot of damage against Bitcoin mining operations by attacking the hydroelectric plants.

Hydroelectric Plants Need Better Protection

There are many critical infrastructure elements connected to the public Internet, even though there is no reason for them to be in this state. A study by Internet Wache of Berlin showed how over 100 systems could be accessed through unauthenticated login portals. Although all of the system operators have been informed regarding this threat, some of these warnings have fallen on deaf ears.

Interestingly enough, several hydroelectric power plants are on this list of accessible systems, albeit they are located in Germany and Italy. This may not impact Bitcoin mining operations in a significant manner, but it still a troublesome development. Accessing web applications controlling processes in these plants is certainly possible, even for those who have little special knowledge about how the plants operate.

Unfortunately, these issues are not new, as the vulnerabilities have been around for years now. Uncovering these systems takes a few hours of work, most of which is automated through a small script. Part of the reason as to why this is the case can be blamed on how these control systems are operated by engineers, rather than IT staff. Engineers do not always use strict computer security policies.

Related Post

It goes without saying that accessing hydroelectric power plants should be a significant concern to everyone on the planet. Monitoring control systems, as well as pump management, can all be accessed through a public online interface. It would not be the first time one of these facilities is hacked, as a similar incident took place in Ukraine in 2015

Luckily, all of the four hydropower plants took the warning seriously and locked down their IT systems ever since the research was conducted. However, this begs the question as to how appealing these solutions can be for Bitcoin mining companies. If such a plant were to be hacked, it is impossible to determine what kind of damage could be done.

Image credit 1

If you liked this article follow us on Twitter @themerklenews and make sure to subscribe to our newsletter to receive the latest bitcoin and altcoin price analysis and the latest cryptocurrency news.

JP Buntinx

JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector.

Share
Published by
JP Buntinx

Recent Posts

Starknet Introduces STRK20 To Bring Built-In Privacy To ERC-20 Tokens

The team behind Starknet has introduced a new token standard aimed at solving one of…

3 days ago

Meta Acquires Moltbook, A Social Network Built For AI Agents To Interact And Coordinate

In a move that highlights the growing race to build infrastructure for autonomous artificial intelligence,…

3 days ago

Polymarket Partners With Palantir To Develop AI Platform For Sports Betting Integrity

Prediction market platform Polymarket has entered a new partnership with Palantir Technologies and artificial intelligence…

3 days ago

Ethereum Foundation Begins Staking Treasury ETH Using Bitwise Infrastructure

The Ethereum Foundation has begun staking part of its treasury, marking a significant step in…

4 days ago

Cyberconnect And SurfAI Founder Reportedly Under Investigation In China

Fresh reports circulating in the crypto space suggest that Wei Jiequan, better known as Wilson…

4 days ago

Virtuals And dAI Launch ERC-8183 To Enable Trustless Agentic Commerce On Ethereum

The infrastructure powering autonomous AI agents on Ethereum is slowly coming together. Payments, trust layers,…

4 days ago