Microsoft recently announced that it is banning cryptocurrency mining on its cloud services. This ban is due to the high demand for resources that mining activities require. Now you can mine cryptocurrency only with the permission of Microsoft and after a security check.
Microsoft believes cryptocurrency mining is putting an unnecessary strain on its systems, making it difficult to provide quality customer service. This means that customers who are using the service for other activities might be negatively affected by the mining activities.
Microsoft has updated its Universal Licensing Terms for cloud services to prohibit cryptocurrency mining on any Microsoft service without the company’s prior approval. The ban also applies to the Microsoft Azure cloud computing service.
Users must obtain approval from Microsoft before using online cryptocurrency mining services, regardless of the subscription period. Cryptocurrency mining permission may be considered for security testing and research.
In addition, the high demand for resources can lead to increased costs for Microsoft. This is because the company must purchase additional hardware and pay for additional energy to support the mining activities. This can add to the company’s overall expenses, which may not benefit its bottom line.
Finally, cryptocurrency mining can lead to security risks as well. As miners search for new blocks, they can inadvertently expose their systems to malicious actors who can use the information to gain access to their systems. This can lead to data breaches, ransomware attacks, and other cybercrimes.
Microsoft’s decision to ban cryptocurrency mining on its cloud services is a smart move that will help protect users and the cloud.