Apple prohibits mining of cryptocurrencies on the iPhone and iPad

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Credit: https://www.coherentnews.com/exponential-growth-seen-in-cryptocurrency-mining-equipment-market/

Apparently, Apple is coming for cryptocurrency miners on both the iPhone and the iPad. The company announced a new update to its developer guideline where it said apps, including “any third-party advertisements displayed within them, may not run on unrelated background processes, such as cryptocurrency mining.”

Apple’s new guidelines may not have serious implications for miners at the moment since it is almost impossible to mine cryptocurrencies on the iPhone and the iPad, reports CNBC, however, the company could be making this rule for the future. Technology is likely to get to that point where the possibility of mining cryptos on some Apple products cannot be ruled out.

Evidently, Apple is seriously concerned with those apps that drain batteries and don’t use power efficiently. That may not be the only issue, but it brings to the limelight what view the company has per how third-party apps affect the performance of its devices.

Design your app to use power efficiently. Apps should not rapidly drain battery, generate excessive heat, or put unnecessary strain on device resources, the company wrote on its website.

Apple further gave an insight into what its guideline is all about especially as it concerns the word ‘cryptocurrency’ and its products:

Apps may facilitate transmission of approved virtual currencies (e.g. Bitcoin, DogeCoin) provided that they do so in compliance with all state and federal laws for the territories in which the app functions. 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.

In the interest of all those who know little or nothing about how cryptocurrency mining works, it is basically all about math that can only be done by certain classes of computers—obviously it is not possible to mine an iPhone. Verifying transactions when trading bitcoin is a complex process, and I don’t see how that can be possible on the iPhone or an iPad.

That said, many apps on the iOS store claim to offer users opportunity to mine cryptocurrencies from their devices, which in my opinion is the angle that Apple is also coming from.

Last April, Google announced that it will no longer accept extensions that mine cryptocurrency on its Chrome Web Store. What that means is that Google will no longer allow extensions that mine cryptocurrency on its Chrome Web Store from later June. On the other hand, Extensions with blockchain-related purposes other than mining will continue to exist in the Web Store.

Google said such extensions have overtime demonstrated capabilities that have attracted malicious software developers who attempt to abuse its platform at users’ expense. The policy, according to Google, is aimed at ensuring that Chrome users “enjoy the benefits of using extensions without exposing themselves to hidden risks.”

The company said it is a case of breach of trust, with Google revealing that 90 percent of extensions that include mining script do not follow its rules. This has given Google no other choice but to ban mining extensions from its Chrome Web Store.


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Author: Ola Ric

Ola Ric is a professional tech writer. He has written and provided tons of published articles for professionals and private individuals. He is also a social commentator and analyst, with relevant experience in the use of social media services.

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