Apple Restricts IPhone Users from Mining Cryptocurrency

Digital currency mining in applications has become a common thing among cryptocurrency enthusiasts and investors. Many electronic devices like windows, mac, and mobile phones now allow cryptocurrency mining, although these devices are required to have high specifications before mining can be possible. However, some electronic device manufacturers always discourage users from using these gadgets to mine cryptocurrency; this is because mining has an adverse effect like freezing, battery life drain and overheating on the devices used as well as reducing their lifespan. It seems that Apple is not pleased with the idea of users making use of Apple devices to mine cryptocurrencies, the tech company recently updated its application development guideline to clarify its stand on the practice. According to the newly updated policy by Apple:

“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.”

The new principles by Apple present more application limitations, focusing on those that deplete battery life, excessive heat, or stress framework assets. According to Apple’s website; “Apps, including any third party advertisements displayed within them, may not run unrelated background processes, such as cryptocurrency mining.”
This move could limit any future applications that might have the capacity to mine different less demanding cryptographic forms of money. Since the hardware specs required to do the task is beyond what can be chipped into a cell phone, the probability of having the capacity to mine a Bitcoin on an iPhone is extremely low.

This policy update would also mean that the applications on the iOS platform that claim to enable clients to mine currencies as well as displaying crypto related advertisements and promotions would be barred from the Apple App Store. Back in 2014, Apple excluded Coinbase and other crypto related applications from its App Store. Google has also restricted chrome browser users from using crypto mining extensions and add-ons.

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