Mining Bitcoin on IoT Devices

In a recent report by CNBC, it was highlighted that 15,000 internet-connected devices could be hacked to mine approximately $1000 within 4 days.  

 

 

The demonstration was run by Avast, which is based in the Czech Republic, at the Mobile World Congress in Barcelona last week. They had a number of devices running on a network powering a cryptocurrency mining software in a demonstration of how IoT, Internet of Things devices, can be hijacked by hackers and turned into mining cryptocurrencies.  

 

According to CNBC, “Both crypto-mining and hacking of so-called internet of things devices are two rising trends. In 2016, an attack on a connected device was behind a hack that wiped out large swathes of internet access for many Americans. And North Korean government-backed hackers have been running campaigns aimed at hacking devices to mine monero.

 

 

Devices connected to the internet are growing daily and vulnerabilities are being exposed.  One thing to remember is that a hacker just needs to find one way to infiltrate a  service, website or device vs the victim needing to cover every base.

 

Read more about this Hacktivist – How Hackers Could Cause Global Chaos and Covert Crypto Mining hits YouTube

 

Learn to mine here – How to Bitcoin #6 – Mining Bitcoin

 

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What is EOT – Encryption of Things?