crypto

Apple Now Blocks Crypto Mining Apps

Apple Now Blocks Crypto Mining Apps

Apple has now moved to put a stop to any crypto-mining applications that might be used on its mobile products.cryptocurrency

In a recent update, the computing company expanded its initial guidelines on cryptocurrencies.

Before, the guidelines specified applications which were facilitating cryptocurrency exchange and/or initial coin offerings (ICOs) must comply with all applicable state and federal laws.

Now, however, the guidelines specify more than that.

In five bullet points, the guidelines run through Apple’s policy on wallets, cryptocurrency mining, cryptocurrency exchanges, ICOs, and rewards that take the form of cryptocurrency.

Most notably among them: the updated policy bars any apps used on an Apple product from mining for cryptocurrencies unless performed “off device”.

The reason behind this change appears to be connected to Apple’s policies on hardware compatibility, where it reads:

“Design your application to use power efficiently. Applications should not rapidly drain battery, generate excessive heat, or put unnecessary strain on the device resources. Applications, including any third party advertisements displayed within them, may not run unrelated background processes, such as cryptocurrency mining.”

However, as previously reported, comparisons of energy consumption as it relates to the mining efficiency are evolving in light of expanding capabilities and capacities –therefore raising the concern over the precedent this ban sets for current and future mining activity.

The updates to Apple’s official policy on cryptocurrency also come in light of pre-emptive measures taken by the company in prior years to clamp down on application development facilitating cryptocurrency trade.

Back in 2014, Apple pulled an application by Blockchain that was geared towards bitcoin trading and storage on Apple devices. The year before that, another bitcoin wallet application by a cryptocurrency exchange company known as Coinbase was also de-listed.

Applications for those startups have since returned to Apple’s online store.

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