Apple Warns iPhone Users Not to Mine Cryptos

Smartphones have evolved way beyond their original concepts and are now used for all manner of computing tasks, including mining cryptocurrencies. It appears though that Apple is not happy with users of their devices undertaking this practice.

The tech giant has recently updated its developer guidelines to ban mining cryptos according to CNBC. The new rules introduce more app restrictions, targeting those that drain battery life, generate excessive heat, or stress system resources. According to the company website; Apps, including any third party advertisements displayed within them, may not run unrelated background processes, such as cryptocurrency mining,

The likelihood of being able to actually mine a Bitcoin on an iPhone is very slim since the hardware required to crunch the numbers is way beyond what can be squeezed into a smartphone. However the move could restrict any future applications that may be able to mine other less intensive cryptocurrencies.

Apples anti-crypto stance goes way back to 2014 when it removed Coinbase and other crypto related apps from its App Store. According to the updated policy;

3.1.5 (b) Cryptocurrencies:

(i) Wallets: Apps may facilitate virtual currency storage, provided they are offered by developers enrolled as an organization.

(ii) Mining: Apps may not mine for cryptocurrencies unless the processing is performed off device (e.g. cloud-based mining).

(iii) Exchanges: Apps may facilitate transactions or transmissions of cryptocurrency on an approved exchange, provided they are offered by the exchange itself.

(iv) Initial Coin Offerings: Apps facilitating Initial Coin Offerings (ICOs), cryptocurrency futures trading, and other crypto-securities or quasi-securities trading must come from established banks, securities firms, futures commission merchants (FCM), or other approved financial institutions and must comply with all applicable law.

(v) Cryptocurrency apps may not offer currency for completing tasks, such as downloading other apps, encouraging other users to download, posting to social networks, etc.

Many apps for iOS claim to allow users to mine cryptos as part of a pool or cloud mining group. However it is likely that these too will be disappearing from the pages of Apples online stores, along with any of those displaying crypto advertising.

Apple has always held a vice-like grip of control over its hardware and the software that runs on it. By dictating to customers what they can and cannot do with their own devices leads to the obvious question of whose iPhone is it anyway.

12.06.2018 / 00:25 62
Apple Publishes Revised Cryptocurrency, ICO Guidelines for App Store Apple Publishes Revised Cryptocurrency,
Apple has revealed its revised guidelines in a dedicated section for iOS and MacOS apps centered on the cryptocurrency space. As bitcoin prices
Apples App Store Revises Cryptocurrency App Rules Apples App Store Revises
Just recently the tech giant Apple has revised its App Store policies concerning cryptocurrency applications offered within the platform marketplace.
New Strain of Malware Hijacks Apple Macs to Mine Monero New Strain of Malware Hijacks Apple
A new strain of malicious software infecting Apple's Macs is mining monero, researchers with cybersecurity firm Malwarebytes announced. In a blog
Apple Removes Monero-Mining App After It Rakes in $2,000 in Three Days Apple Removes Monero-Mining App After
Apple recently removed a Monero-mining app from its Mac App Store called Calendar 2. The app allowed users to chose to allow it to mine Monero in the
Monero-Mining Calendar App Removed By Apple Monero-Mining Calendar App Removed By
After Calendar 2, a popular scheduling app in the Mac App Store, was updated with the ability to mine the Monero cryptocurrency on users devices for
Qarnots QC-1: Heat Your Home and Passively Mine Cryptocurrency Qarnots QC-1: Heat Your Home and
Mining cryptocurrency is a huge business. Just last year, Beijing-based crypto-miner Bitmain made over $3 billion dollars in profits. In a novel
Comments (0)
Add a comment
Comment on