Tech giant Apple has updated its developer guidelines to explicitly ban "mining" cryptocurrencies like bitcoin. The new rules restrict apps that drain battery, generate excessive heat, or put unnecessary strain on device resources — all of which take place in bitcoin mining. "Apps, including any third party advertisements displayed within them, may not run unrelated background processes, such as cryptocurrency mining," Apple said on its website. It's unlikely someone could successfully "mine" bitcoin on an iPhone or iPad alone because of the amount of energy and computing power it takes. But Apple's move could pre-emptively stop future, less energy-intensive digital currencies from being mined on these devices or halt the pooling of multiple devices to accomplish it. Here's what Apple's website says:
The guidelines include cryptocurrency but that language remained the same as an archived version of the site recorded in late May by the Internet Archive's Wayback Machine. Apple's crypto-related guidelines were originally set in 2014 after the app store unlisted Coinbase and other cryptocurrency apps, citing an "unresolved issue," according to Apple Insider, which first reported the guideline updates Monday. The report didn't say when Apple updated its policy, and the company did not return a CNBC request for comment.
Cryptocurrency "mining" is essentially math often done by high-powered computers. In order to trade bitcoin, transactions need to be verified through complex math equations, then and added to what's known as a "distributed ledger." In return for solving equations "miners" receive bitcoin. On a computer, that process generates 1,400 watts — the same as one hair dryer, according to bitcoin mining company Coinmint. Many apps on the iOS store claim to let users mine with power from their personal devices, including "Crypto Coin Miner" and "Cryptocurrency Cloud Mining." The latter says it lets users "make money and earn cryptocurrencies "without major investment or hassle from direct involvement with hardware or software." Bitcoin hit its lowest in two months over the weekend after a relatively small South Korean exchange said it was hacked. The digital currency was trading near $6,726 Monday, according to CoinDesk. Partner By desimpul.blogspot.com The materials on Desimpul's website are provided on an 'as is' basis. Desimpul makes no warranties, expressed or implied, and hereby disclaims and negates all other warranties including, without limitation, implied warranties or conditions of merchantability, fitness for a particular purpose, or non-infringement of intellectual property or other violation of rights. Further, Desimpul does not warrant or make any representations concerning the accuracy, likely results, or reliability of the use of the materials on its website or otherwise relating to such materials or on any sites linked to this site. In no event shall Desimpul or its suppliers be liable for any damages (including, without limitation, damages for loss of data or profit, or due to business interruption) arising out of the use or inability to use the materials on Desimpul's website, even if Desimpul or a Desimpul authorized representative has been notified orally or in writing of the possibility of such damage. Because some jurisdictions do not allow limitations on implied warranties, or limitations of liability for consequential or incidental damages, these limitations may not apply to you. Accuracy of materials The materials appearing on Desimpul's website could include technical, typographical, or photographic errors. Desimpul does not warrant that any of the materials on its website are accurate, complete or current. Desimpul may make changes to the materials contained on its website at any time without notice. However Desimpul does not make any commitment to update the materials. Links Desimpul has not reviewed all of the sites linked to its website and is not responsible for the contents of any such linked site. The inclusion of any link does not imply endorsement by Desimpul of the site. Use of any such linked website is at the user's own risk. Modifications Desimpul may revise these terms of service for its website at any time without notice. By using this website you are agreeing to be bound by the then current version of these terms of service.
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