Over the years, people did not need to obtain approval to mine significant cryptocurrencies.
To use Microsoft Azure for mining cryptocurrencies like Bitcoin, customers must now receive a formal pre-approval from the company.
Microsoft, a leader in cloud computing, is taking action to improve the stability of its cloud services by imposing additional limitations on activities like bitcoin mining.
According to a December 15 story from the British technology news outlet The Register, Microsoft has covertly stopped crypto mining from its online services to better safeguard its users and clouds.
The business added the additional limitations as part of the terms of its Microsoft Online Services universal license. On December 1, Microsoft clarified in an update to their acceptable usage policy that “cryptocurrency mining is banned without prior Microsoft permission.”
Microsoft stated that customers must now seek formal pre-approval from the firm to utilise any of its online services for cryptocurrency mining in the “Acceptable Use Policy” section.
According to reports, Microsoft stated that its most recent crypto mining limits are intended to safeguard online services from threats, including cybercrime, assaults, and illegal access to user resources.
We made this adjustment to safeguard our clients better and reduce the possibility of services on the Microsoft Cloud being interrupted or degraded.
The business allegedly added that it might consider getting authorisation to mine cryptocurrency for security detection testing and research.
Microsoft Online Services, a part of the company’s software as a service strategy, is its hosted software product. One of these services is the Microsoft Azure cloud computing network, which offers bitcoin mining for several subscription kinds. According to earlier reports, Microsoft also conducted tests.
One element of the company’s software-as-a-service approach is Microsoft Online Services, which is Microsoft’s hosted software product. One of these services is the Microsoft Azure cloud computing network, which is renowned for providing bitcoin mining with specific subscription kinds.
According to prior reports, Microsoft also tested out blockchain services on Azure, but in September of last year, the company suddenly ended its Azure Blockchain Service project.
Some sources claim that due to ongoing supply-chain constraints, Microsoft cloud computing systems have experienced significant capacity shortages in recent years. It is rumoured that the number of Azure data centres will continue to be restricted until the beginning of 2023.
By implementing the new limitations, Microsoft joins a large number of other cloud computing services, such as Google, which also forbids users from mining cryptocurrencies without first receiving written consent from Google.
Cloud mining is absolutely prohibited on some platforms, such as Oracle, while Digital Ocean also demands explicit authorisation.
Utilising a distant data centre with pooled computing power, cloud mining is an alternate strategy for investing in cryptocurrencies that enables users to mine digital currency without using mining hardware or equipment.
Because clients don’t have to pay for the equipment and associated fees, cloud mining is one of the most lucrative methods to mine cryptocurrency, according to the blockchain research organisation Blockchain Council.
The report comes as the cryptocurrency winter is causing a severe problem in the cryptocurrency mining sector, with several miners on the verge of going out of business owing to a lack of funding.