Crypto News : Microsoft has banned cryptocurrency mining on its cloud services.

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Microsoft bans cryptocurrency mining on its cloud services.

Crypto News:

Microsoft no longer allows users to use Microsoft Azure to mine cryptocurrencies like Bitcoin without first receiving a written pre-approval from the company.

Microsoft, a leader in cloud computing, is taking action to improve the stability of its cloud services by imposing new limitations on activities like cryptocurrency mining.

According to a Dec. 15 report from the British technology news outlet The Register, Microsoft has covertly banned crypto mining from its online services to better protect its users and clouds.

The company added the new limitations as part of the terms of its Microsoft Online Services universal license. On December 1, Microsoft clarified in an update to its acceptable use policy that “cryptocurrency mining is prohibited without prior Microsoft approval.”

Microsoft stated that users must now obtain a written pre-approval from the company in order to use any of its online services for cryptocurrency mining in the “Acceptable Use Policy” section.

Microsoft reportedly stated that its most recent crypto mining restrictions aim to safeguard online services from dangers like cyberfraud, attacks, and unauthorized access to customer resources, saying:

We made this change to better protect our customers and lessen the chance that Microsoft Cloud services would be interrupted or degraded.  

In addition, the company reportedly stated that it might ask for authorization to mine cryptocurrency for security detection testing and research.

The company’s software as a service strategy includes Microsoft Online Services, which is its hosted software solution. Among them is Microsoft’s Azure cloud computing network, which is renowned for providing cryptocurrency mining with certain subscription types. According to prior reports, Microsoft also tested out blockchain services on Azure, but in September of last year, the company quietly ended its Azure Blockchain Service project.

Some reports claim that due to ongoing supply-chain constraints, Microsoft cloud computing systems have recently experienced significant capacity shortages. It is rumored that the number of Azure data centers will continue to be restricted until the beginning of 2023.

By adopting the new limitations, Microsoft joins a large number of other cloud computing providers, such as Google, which also forbids users from mining cryptocurrencies without first receiving written consent from Google. While Digital Ocean also demands written permission, other platforms like Oracle have outright bans on cloud mining.

Cloud mining is an alternative strategy for investing in cryptocurrencies that enables users to mine virtual currency without the need for specialized hardware or mining hardware by utilizing a remote datacenter with shared processing power. Because customers don’t have to pay for the equipment and associated costs, cloud mining is one of the most lucrative ways to mine cryptocurrency, claims blockchain research organization Blockchain Council.

The announcement comes at a time when the cryptocurrency winter is causing a serious crisis in the cryptocurrency mining industry, with some miners facing bankruptcy due to a lack of resources.

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