Apple bans cryptocurrency mining apps from the iPhone

Apple bans cryptocurrency mining apps from the iPhone
For those interested in cryptocurrencies, don't expect to do any mining via apps installed on the iPhone. Apple's new iOS guidelines, specifically listed under section 3.15 called cryptocurrencies, ban apps from mining for Bitcoins and other virtual currencies unless it is done off-device (via the cloud). Apps also cannot offer cryptocurrencies as a reward for performing certain tasks such as downloading certain apps, or posting messages on social media. Initial offerings including futures investments, or other securities dealing with cryptocurrencies must be offered by an established bank, securities firm or exchange. And of course, all of these must be legally offered.

Cryptocurrency mining requires special, powerful hardware that can solve complex mathematical formulas, which verify a cryptocurrency transaction in the Blockchain. There is plenty of competition to solve these equations and section 2.4 of the iOS guidelines require that apps from third party developers need to "use power efficiently," and not "rapidly drain battery, generate excessive heat, or put unnecessary strain on device resources." The section also bans apps and any third-party ads from running "unrelated background processes, such as cryptocurrency mining."

Apparently, Apple is allowing the iPhone to install apps that act as a virtual wallet, although the developers of these apps must be enrolled as an organization. Keep in mind that even the upcoming smartphones that support Blockchain like the unannounced HTC Exodus and the Sirin Finney will not have the power to handle cryptocurrency mining. Those phones will contain a cold-storage wallet that stores cryptocurrencies off-line, to reduce the odds of someone hacking into the wallet. Both phones will provide the latest quotes and the Exodus will reportedly allow trading of virtual currency among owners of the device.

The Blockchain, created for Bitcoin, is a de-centralized storage process where each new transaction is a block that is sent out to all members of a network for approval. Once that happens, the Block is added to the chain and the transaction is finalized. It is said to be a safer way to store financial records and is harder for hackers to break into.

source: Apple

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31 Comments

1. TechSceptic

Posts: 1156; Member since: Feb 05, 2018

Awesome. I hate crypto currency miners, they completely and utterly ruined the PC market. The prices has been insane for a year now because of them, and gamers/people has had so much trouble actually buying what they saved up for, as it was suddenly excessively expensive.

3. Trex95

Posts: 2381; Member since: Mar 03, 2013

Fake currency agree with you.

6. sgodsell

Posts: 7365; Member since: Mar 16, 2013

The thing is the calculations needed for it, is so taxing on any system, especially mobile devices. You phone would be a constant heater, and the battery would die quickly. So it makes sense to stop it. But the other side of the coin is, if you want it, then you should have said that choice. So buy Android if you want that choice.

7. Trex95

Posts: 2381; Member since: Mar 03, 2013

Wait till Samsung doing the same lol.

8. BuffaloSouce unregistered

You mean to tell me there's no other android phone besides the ones made by samsung? GASP!!!

9. Vokilam

Posts: 1193; Member since: Mar 15, 2018

you basically made my comment for me sgodsell.. fully agree on this

14. NarutoKage14

Posts: 1324; Member since: Aug 31, 2016

I've been wanting to upgrade my graphics card and now more so with Fallout 76 coming up. Paying an extra $100-200+ than I need to is why I haven't done it. Dam gibblets.

16. rouyal

Posts: 1582; Member since: Jan 05, 2018

I bought a cheap Dell Optiplex 390 off eBay for around $100 and put a $200 evga 1050ti card in it. Stock psu because the card runs solely on the power provided by the slot (no additional power cable needed). Can’t find a game it won’t play, and plays them all great. Don’t know why people spend so much on pc gaming.

23. Back_from_beyond

Posts: 1420; Member since: Sep 04, 2015

Because some people want their games to look as the developers intended on the highest detail level possible. Playing Battlefield 4 on ultra on a 2K screen a few years ago set me back nearly $800 on a new CrossfireX setup, but damn did it look amazing. The 1050ti can probably handle most games on medium to high settings at a steady framerate on a FullHD screen, on ultra it's gonna drop the ball and experience framerate drops on some games. Go onto higher resolutions and it'll definitely struggle to maintain decent performance and at 4K on ultra will get noticably choppy. For seriously dedicated gamers though a simple setup like yours just won't do.

30. rouyal

Posts: 1582; Member since: Jan 05, 2018

My experience with the 1050ti is that it handles ‘all’ games on at least high, most on ultra. Yes, that’s at 1080p as that’s as high as my monitor goes. Serious dedicated gamers? Are you competing professionally? I find 99.9% of people building these expensive rigs are just tech tweakers who build it to drool over ‘muh grafix’.

19. Foxgabanna

Posts: 597; Member since: Sep 11, 2016

THIS! instead of buying a NVIDIA 1080 TI it was better for me to just save up and buy a whole new computer with one inside of it. Screw those guys. Wall Street made fake news stories about cryptocurrency to scare everyone off so they can invest in it and watch it boom again. We aren’t stupid.

28. L0n3n1nja

Posts: 1557; Member since: Jul 12, 2016

Nothing like buying a nearly 2 year old video card for nearly twice it's launch price.... I'm rocking an 8 year old PC, just dropped a 1050 in it instead of building an entire new system due to prices.

2. cmdacos

Posts: 4200; Member since: Nov 01, 2016

When you buy an iPhone... #youdon'tactuallyownaniPhone #notyourdevice

4. kiko007

Posts: 7493; Member since: Feb 17, 2016

I mean... you don’t ACTUALLY own cryptocurrency either so...

20. Foxgabanna

Posts: 597; Member since: Sep 11, 2016

You sir deserve a cookie. Enjoy.

10. Vokilam

Posts: 1193; Member since: Mar 15, 2018

maybe so, but youre at the mercy of carriers when you "buy" an android phone: they put their logo on it, they put their apps on it, they block features that the manufacturer added, and its up to them "when" or even "if" you get any updates. so who actually owns your android device? sourse: i'm a long time Samsung fan and user

12. TechNeck

Posts: 651; Member since: Aug 29, 2014

Not mine. The last Android phone I've owned with a carrier logo was the LG G2.

18. Macready

Posts: 1821; Member since: Dec 08, 2014

No. You can choose to buy one without a carrier lock and/or carrier bloat perfectly fine. That's an absolute non argument for as long as there is choice.

22. Vokilam

Posts: 1193; Member since: Mar 15, 2018

but not many can afford to pay for a nearly $1000 phone without payment plans - that require you to own a carrier branded device and all the "perks" that come with it. am I wrong?

29. Dingy_cellar_dweller

Posts: 339; Member since: Mar 16, 2013

If you can't afford to buy a $1000 phone you you don't need a phone on a plan.

24. TechSceptic

Posts: 1156; Member since: Feb 05, 2018

This is only for the US tho, you actually own your Android device if you live essentially anywher else in the world than the US, as the carriers don't really have any control outside the US. The carriers in Denmark sell exactly the same phone software wise as the one you would get directly from Samsung.

25. Vokilam

Posts: 1193; Member since: Mar 15, 2018

yeah that doesnt help me, does it? this doesn't happen with iphones no matter if you buy it outright, or on a plan - anywhere in the world! just pointing out that the coin has two faces.

26. TechSceptic

Posts: 1156; Member since: Feb 05, 2018

Yeah, but you were generalizing for all Android phones, as if you don't "own" your phone either, when you buy an Android, as you still have no control. That just isn't true for the general case of Android tho, as the only place that i know where carriers force their software onto the smartphones, is in the US. So i'm just hoping you would be a little more honest and accurate, instead of portraying what happens in a singular country as the general case, when the US is the exception. It doesn't happen with iPhones, but it doesn't happen with Android phones either, unless you live in the US. However, if you live in the US, then you just buy an unlocked phone from Samsung, which means you won't have carrier software on your phone. So what's the big problem? You have the choice.

27. Vokilam

Posts: 1193; Member since: Mar 15, 2018

that's fair, unfortunately this is my world... and in my world, android phones are at carriers mercy

5. Plasticsh1t

Posts: 3106; Member since: Sep 01, 2014

Well thumbs up for Apple for taking security seriously and stopping hackers from getting into users data. Good job.

11. Vokilam

Posts: 1193; Member since: Mar 15, 2018

you should still have your choice - i loathe the nanny state mentality.

21. Foxgabanna

Posts: 597; Member since: Sep 11, 2016

So i should have a choice to get scammed and hacked? I’m pretty sure nobody wants that option. Wait until it happens to you

13. sunnyfpy

Posts: 283; Member since: May 12, 2013

Bitcoin mining industry is FRAUD

15. cncrim

Posts: 1588; Member since: Aug 15, 2011

Did you said that PayPal was fraud too when it created? Money is only an idea we agree it has a value. If you said Bitcoin is Fraud, send me 1 Bitcoin I will send you brand new an iPhone X what do say Phonearea users? I’m welcome anyone. Until you can do that you can called it Fraud Scam i agree with uou.

17. cncrim

Posts: 1588; Member since: Aug 15, 2011

Mobile mining is a joke, all these need to be ban. It make the real cryto a bad rap.

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