As the old saying goes, all good things must come to an end. Similarly, Microsoft has also decided to pull the plug on cryptocurrency mining on its cloud services. From now on, users of Microsoft Azure will not be able to use it for cryptocurrency mining without obtaining written pre-approval from the company in advance.
An attempt to improve the stability of Microsoft Cloud Services
The decision came from Microsoft headquarters in an effort to increase the stability of the company’s cloud offerings. Because of this, some restrictions are coming into place regarding what you can and can’t use them for. As company representatives stated, banning cryptocurrency mining on their servers is in the best interest of their clientele that they want to protect.
The new ban on cryptocurrency mining in the cloud has officially taken effect with the update of the license terms of Microsoft Online Services. Examining the updated Acceptable Use Policy reveals the company’s rather clear stance on cryptocurrency mining, which it describes as prohibited without Microsoft’s prior approval. In fact, the approval must specifically be in writing.
Microsoft wants to protect its customers
Further elaborating on their decision, Microsoft officials stressed the importance of wanting to protect their customers from risks such as unauthorized access to their resources and cyber fraud. Additionally, this is a change they felt they needed to enforce to mitigate the risk of their Microsoft Cloud services being compromised or disrupted.
As clear and decisive as their decision to ban cryptocurrency mining may be, there is also the question of user intent. Namely, the company may be willing to make an exception for miners who are doing it for testing, security, and research purposes. The question, of course, is how such an intention can be proved, since mere assertion as such is unlikely to be sufficient.
The end of the line for official cloud crypto mining support
Microsoft Online Services is a product of the company’s software as a service strategy. One of the puzzle pieces includes Microsoft Azure, a service that covered cryptocurrency mining as part of its certain subscription types. At one point, Microsoft also toyed with the idea of allowing its cloud services to be used to power blockchain services, but that idea has since been abandoned.
Allegedly, Microsoft’s cloud computing services have been bogged down by capacity shortages in recent years, and ongoing supply chain limitations are the reason. The lingering effects of this will likely continue to be felt for at least a while.
Cloud computing services are increasingly withdrawing their support for cryptocurrency mining.
Global industry trends are moving in the anti-cloud-mining direction
Comparatively speaking, Microsoft’s decision to ban cryptocurrency mining does not deviate too much from the global trend. In fact, a number of cloud service providers, including Google, are also deciding to withdraw their support for mining. Like Microsoft, Google also requires you to obtain a prescribed approval in advance if you intend to use its services for similar purposes. The digital ocean has taken the same steps while Oracle has decided to plan an unforgivable cryptocurrency mining ban.
There are many other ways to make money with cryptocurrencies without relying on investments alone, and cryptocurrency mining is one of them. Sure, it still requires expensive hardware and there are electricity costs associated with running it, but other than that, it’s a passive income generator. To get around these drawbacks, an increasing number of users have started moving their cryptocurrency mining operations to the cloud, but these times are now a thing of the past.
Now that we have long entered the winter phase of cryptocurrencies, this news represents another obstacle in the way for crypto enthusiasts. Perhaps it is also a wake-up call to start expanding your horizons and learn about other crypto opportunities: