Mining applications have created more controversy all over the world than most innovations within the cryptocurrency community. The reason for the massive disagreement is two-fold. First, mining operations naturally take up a significant amount of space and use high levels of energy. Consequently, mining operations which occur in the public space constitute an easy way to waste federal resources.
But perhaps even more disconcerting for platforms that might lend themselves to the facilitation of mining applications is the high level of fraud occurring on mining platforms. Many new mining platforms find that simply using their own energy is not nearly as cost-effective as stealing the energy and computing power of other computers. Sophisticated black-hat hacking technologies allow nefarious mining companies to pirate the GPU of computers who use their applications, feeding off of their energy and power to fuel their own operation.
It is perhaps this pervasive trend that partly inspired Google to remove mining apps almost entirely from their store in their newest update. Additionally, the large online marketplace chose to ban fake identification apps, as well as introduce a new set of rules and regulations for developers who seek to use their service.
Mining Apps Prohibited
Google has only banned cryptocurrency mining apps that use the GPU or CPU of the host device in order to conduct the mining operation. This is likely a result of their understanding that oftentimes the mining company is giving the host computer only a very small portion of the actual profit from using their device to mine, effectively scamming thousands of users who simply do not know any better. Additionally, Google probably recognizes a security threat in allowing foreign devices to access your computer to mine a currency.
Under the developer policy section of the Google Play store, the company outlines that although these mining applications are disallowed and de-indexed now, they will still allow developers to add apps that “remotely manage” mining to be listed on their platform. This is good news for some, but these apps are relatively rare and their applications pretty niche for the average cryptocurrency consumer or miner.
The move was unsurprising to many within the cryptocurrency community. Most commentators on this issue understand that Google was likely to make this move anyway. Additionally, these cryptocurrency mining apps make very little; a high-end computer can only be expected to pull around $2.00 in currency—on a good day.
Where To Mine Now
Mining applications run off of the Google Play store were likely some of the best when it comes to unique user interface and ease of usage. They could simply run in the background of a computer while one goes about his daily chores online. However, a simple Google search reveals that the industry of mining is still live and well, although profits may remain bottom-shelf.
Interested potential miners should conduct extensive research before downloading software from any outside website. The Google Store was often able to verify the legitimacy of new mining software listed on their platform, but mining websites on the general internet are not nearly as closely vetted and meticulously monitored.