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Topic: EMP Pulses and Bitcoin Exchanges (Read 2882 times)

hero member
Activity: 868
Merit: 1000
September 19, 2012, 09:00:58 AM
#24
Unless someone has a EMP weapon powerful enough to hit the entire earth, perhaps the easiest way would be to have multiple remote locations with encrypted backups, and the encryption keys printed on papers and stored in a safe somewhere.
legendary
Activity: 2506
Merit: 1010
September 19, 2012, 07:17:47 AM
#23
How does MtGox or other services defend against this?  Paper wallet?  Faraday Cage?  Can anyone from Mt. Gox comment on this?


Here was a recent post:


- Does [MtGox] use cold storage (an offline wallet that cannot be accessed should the exchange's service become compromised)

Yes.


 - Is there a target as to how much of customer's funds are kept in cold storage?  (e.g., percent of total, or perhaps relative to recent withdrawal requirements)?

On average 98% of customer bitcoins are held in cold storage, with possible variations on large bitcoin moves (large deposits or customers asking for large withdrawals).


 - Does the offline wallet where the cold storage resides remain protected due to an "air gap" (no access to it electronically, not connected to the network)?

Offline wallets are generated from an offline system and kept in paper format in three separate locations, using a technology based on raid. It will likely be changed to use Shamir's Secret-Sharing method in the future, and all existing offline wallets will be converted to this.

 - Does [MtGox] maintain offsite backups of its accounts and transactions?  If for some reason the exchange's primary account database were lost due to a security breach, what information (and how recent) is still available from backup or archives?

We have realtime onsite backups on a separate system, and offsite backups at regular intervals. We are working on modifying the system to have a multi-site cluster working (working with people from Percona to reach the best system on this) - which would allow us to have a node of the cluster used to make backups way more often
full member
Activity: 136
Merit: 100
September 19, 2012, 07:03:47 AM
#22
I'm not a physicist but what I have read we are able to produce this EMPs only with one thing: big nuclear bombs.

Another one could be the big eruption on sun like that one 2 centuries back wich fried almost all telegraph networks in USA.
legendary
Activity: 3374
Merit: 4738
diamond-handed zealot
September 19, 2012, 06:17:27 AM
#21
inverse square law people

EMP has never been used because it does not work reliably, the power density drops off too quickly as a function of distance.

fud...or wishful thinking, depending on your outlook
sr. member
Activity: 406
Merit: 250
LTC
September 19, 2012, 05:59:17 AM
#20
I doubt a regular faraday cage will help. Depending how close you are from the EMP source and what sort of source it has, you will need thick metal shield or multiple metal shields. In theory everything protects, depends of the distance and the thickness of protective layer (and material).
full member
Activity: 784
Merit: 101
September 19, 2012, 05:19:25 AM
#19
How thick of a wall do you need to prevent or mitigate an EMP of a certain power? I'd think having your computers in a building with walls and wires etc would be enough? How are stock exchanges protected? Those have hundreds of computers right? (How are banks protected?)


not thick at all... you just need a couple layers of tinfoil. Wrap a laptop in paper, next wrap it in tinfoil, wrap it in paper next, wrap it in tinfoil next. That should be enough but if you're super fearful and want to be sure you have a computer after the EMP.... add two more layers Smiley
full member
Activity: 216
Merit: 100
RicePicker
September 19, 2012, 05:08:29 AM
#18
I think if an EMP was used and I highly doubt it would be against bitcoin exchanges, we would be worrying about some other shit going down.
full member
Activity: 180
Merit: 100
September 19, 2012, 04:10:12 AM
#17
Ok. So wrap your room or building with expanded metal or overlapping layers of aluminum foil, then stick it in plastic or glass, then stick that inside concrete so the metal shielding is protected against physical damage.

For communications (internet access) use optical or fiber optics, at least until the EMP strikes. Then your room will get disconnected but is safe. Suddenly, you are in cold storage.

For electricity, get transformers or surge protectors installed if you must use power from the grid. If you can afford it, use your own power (from generators, windmills, solar, etc.) that are also shielded.

Electricity is your problem..  A transformer will not provide protection.  A surge protector isn't even in the ballpark of being fast enough to respond to an EMP.  A true double-conversion online UPS 'may' provide protection against a Nuclear EMP (can't say for certain because there is no test data to back that up).

You have to realize also that the electro-magnetic voltages are just HUGE compared to what normal off the shelf protection devices are designed for.  If you were physically close to the epicenter of a Nuclear EMP, voltages of 20,000 to 50,000 volts PER METER could easily be introduced into electric circuits..  What this means is that even the short (call it a foot or two?) wire that goes from the "protected" online UPS into your cage is enough antenna to radiate 7,000 to 33,000 volts into your protected cage.

I guess what I'm saying, unfortunately, is that sensitive integrated circuits (like computers) are highly unlikely to survive an EMP if they are operating at the time of the EMP.  Can they be protected - absolutely, but to do so is hugely expensive (governments can afford it, not much else).  Best bet is to keep a laptop inside a good faraday cage and save it for that rainy day.  Solar panels not shielded would likely be destroyed, so best would be to put a few of them inside your protected cage as well.  After an EMP event, you could pull our your laptop and solar panel and be functional.  Now, you'll likely have nothing to connect to, "the internet" as we know it will simply be gone.. but you'll have a functional computer.

enigma
legendary
Activity: 3416
Merit: 1912
The Concierge of Crypto
September 19, 2012, 02:17:22 AM
#16
Ok. So wrap your room or building with expanded metal or overlapping layers of aluminum foil, then stick it in plastic or glass, then stick that inside concrete so the metal shielding is protected against physical damage.

For communications (internet access) use optical or fiber optics, at least until the EMP strikes. Then your room will get disconnected but is safe. Suddenly, you are in cold storage.

For electricity, get transformers or surge protectors installed if you must use power from the grid. If you can afford it, use your own power (from generators, windmills, solar, etc.) that are also shielded.
full member
Activity: 180
Merit: 100
September 19, 2012, 02:03:19 AM
#15
Seriously, you can shield against EMPs right? Thick walls, or really really thick walls? With rebars and faraday cages built in? Or do I need to be buried under a mountain?

It seems that almost all civilian structures, and even most military structures are not adequately protect against EMP anymore, unlike during the cold war. (And this, for Nuclear based EMP, not the non-nuclear based EMP which is a million times weaker.)

EMP's can be protected against, yes.  The thickness of the wall is not at all important - 6 feet of concrete wouldn't stop an EMP even a little - it's ELECTRO-MAGNETIC, hence, it goes through concrete like it's not even there.  A faraday cage will protect against an EMP, but if the equipment is plugged into to copper wires that exit from the cage, they will transmit the pulse into the cage.  Because of this, Protecting equipment that is running is not trivial.  Protecting equipment that is not running is easy - put it in a metal box.  That's it...

Enigma
legendary
Activity: 3416
Merit: 1912
The Concierge of Crypto
September 19, 2012, 01:07:32 AM
#14
Seriously, you can shield against EMPs right? Thick walls, or really really thick walls? With rebars and faraday cages built in? Or do I need to be buried under a mountain?

It seems that almost all civilian structures, and even most military structures are not adequately protect against EMP anymore, unlike during the cold war. (And this, for Nuclear based EMP, not the non-nuclear based EMP which is a million times weaker.)
legendary
Activity: 3374
Merit: 4738
diamond-handed zealot
September 18, 2012, 10:58:35 PM
#13
EMP danger is overblown anyway
hero member
Activity: 840
Merit: 1000
September 18, 2012, 10:55:10 PM
#12
Regular, encrypted offsite backups would protect against localized EMP strikes.
sr. member
Activity: 456
Merit: 250
September 18, 2012, 09:33:55 PM
#11
How thick of a wall do you need to prevent or mitigate an EMP of a certain power? I'd think having your computers in a building with walls and wires etc would be enough? How are stock exchanges protected? Those have hundreds of computers right? (How are banks protected?)

They're not protected.  Thick walls don't matter.

You're in survivalist territory at this point.  Check out survivalistboards.com for more detailed information.

guns, ammo, water, fuel, food, medicines..... BEER!
legendary
Activity: 916
Merit: 1003
September 18, 2012, 08:39:18 PM
#10
How thick of a wall do you need to prevent or mitigate an EMP of a certain power? I'd think having your computers in a building with walls and wires etc would be enough? How are stock exchanges protected? Those have hundreds of computers right? (How are banks protected?)

They're not protected.  Thick walls don't matter.

You're in survivalist territory at this point.  Check out survivalistboards.com for more detailed information.
hero member
Activity: 1078
Merit: 502
September 18, 2012, 08:18:04 PM
#9
I doubt any of them are protected from such things.


legendary
Activity: 3416
Merit: 1912
The Concierge of Crypto
September 18, 2012, 08:13:10 PM
#8
How thick of a wall do you need to prevent or mitigate an EMP of a certain power? I'd think having your computers in a building with walls and wires etc would be enough? How are stock exchanges protected? Those have hundreds of computers right? (How are banks protected?)
legendary
Activity: 916
Merit: 1003
September 18, 2012, 07:17:26 PM
#7
If an EMP attack plays out as feared, bitcoin would be the least of your worries.

Imagine the power being out for years, maybe decades.

Well, the EMP attack could be in Japan and my money over there would be my worry.  (Sounds a bit selfish, but I think it's true.)

The US and Europe are much more likely targets than Japan.
hero member
Activity: 1078
Merit: 502
September 18, 2012, 06:54:14 PM
#6
Yeah, I think we would have more to worry about if EMP's were going off.......
legendary
Activity: 1304
Merit: 1015
September 18, 2012, 06:50:38 PM
#5
If an EMP attack plays out as feared, bitcoin would be the least of your worries.

Imagine the power being out for years, maybe decades.

Well, the EMP attack could be in Japan and my money over there would be my worry.  (Sounds a bit selfish, but I think it's true.)
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