crypto strategy

Microsoft bans crypto mining to protect cloud service users

Microsoft is taking steps to ensure the reliability of its cloud services by placing additional limitations on activities such as bitcoin mining.

The Register reported on Dec. 15 that Microsoft had secretly stopped mining cryptocurrency from its online services to better secure its consumers and cloud infrastructure.

The company has added additional limitations to its Microsoft Online Services Universal License Terms. Microsoft revised its Acceptable Use Policy on December 1 to explain that mining crypto without Microsoft’s prior permission is prohibited.

Microsoft has stated in the “Acceptable Use Policy” section that users must now obtain written consent from the company before using Microsoft online services for crypto mining.

Microsoft reportedly said its latest cryptomining restrictions protect online services from cyber fraud, attacks and unauthorized access to customer resources. He reportedly warned that he may seek permission to mine crypto for security testing and research purposes.

Microsoft Online Services is a component of the company’s software strategy when it comes to services and consists of hosted software. Microsoft’s Azure cloud computing network would provide crypto-mining at certain subscription levels. Microsoft experimented with blockchain services on Azure but quietly canceled its Azure Blockchain Service project in September last year.

Sources say Microsoft’s cloud platforms have experienced significant capacity shortages in recent years due to ongoing supply chain constraints. According to reports, the number of Azure data centers is expected to remain limited until early 2023.

In implementing the new limits, Microsoft joins many other cloud computing companies, like Google, in preventing users from mining cryptocurrencies without prior written permission. Other platforms, such as Oracle, have banned cloud mining, while Digital Ocean requires written permission.

Cloud mining is another means of crypto investing that allows users to mine cryptocurrencies without the need for mining equipment or equipment through a remote data center with pooled computing power. According to the Blockchain Council, cloud mining is one of the most profitable ways to mine cryptocurrencies because it does not require users to pay for equipment or associated fees.

The announcement comes as the mining business faces a big hit due to the current crypto winter, with several miners on the brink of bankruptcy due to a lack of funds.

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