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

Bitcoin Mining Difficulty Drops Again As Network Adjusts To Changing Conditions

Something just shifted again on the Bitcoin network, and it’s one of those things miners…

20 hours ago

Ethereum Whale Quietly Returns to the Market With a Slow and Steady Buying Pattern

Something interesting is quietly happening in the market again, and it’s coming from a name…

20 hours ago

XRP Ledger Sees Explosive Growth In Activity And Wallet Distribution Despite Sideways Price Action

At a glance, XRP’s price hasn’t done much lately. It’s been moving sideways, not giving…

20 hours ago

SEC Rolls Out Sweeping “Advance, Clarify, Transform” Agenda In Major Push To Rethink Outdated Rules

At the latest “SEC Speaks in 2026” event, the U.S. Securities and Exchange Commission made…

2 days ago

Morgan Stanley Moves Closer To Spot Bitcoin ETF Launch

Morgan Stanley is edging further into the crypto space after filing a second amended S-1…

2 days ago

Vitalik Buterin Sounds Alarm On Crypto’s Future, Says Speculation And Platforms Like Pumpfun Risk Long-Term Collapse

Ethereum co-founder Vitalik Buterin is once again stirring conversation across the crypto space, this time…

2 days ago