Software giant, Microsoft filed for a patent on March 26, 2020 that will allow individuals to mine cryptocurrency while watching advertisements (ads).
Mining with Microsoft’s new cryptocurrency system?
In order to mine Bitcoin & crypto currently, miners need ASIC hardware and a combination of software. A Microsoft-based crypto that can be mined utilizing PoW–except will change all that.
Dubbed “Cryptocurrency system using body activity data” or “Human-mined cryptocurrency,” mining will not depend on rigs. Mining rigs are expensive, consume lots of power (electricity), and human energy. But produce very little profit for miners.
How will it work?
Mining is extremely damaging to the environment, due to the sheer amount of power it consumes. If Microsoft can help reduce crypto mining footprint, the new system is very much welcome. However, we need to watch out for exploration.
The newly filed patent notes that the new concept required to mine cryptocurrency; ‘human body activity’ is simple at best.
“a brain wave or body heat emitted from the user when the user performs the task provided by an information or service provider, such as viewing an advertisement or using certain internet services, can be used in the mining process.”
Watching ads while simultaneously mining cryptocurrency
Instead of standard systems currently used to mine crypto, Microsoft will employ body activity data. Sort of like Proof of Work (POW), according to the document.
“therefore, a user can solve the computationally difficult problem unconsciously.”
Patent document continued:
“Body activity data may be generated based on the sensed body activity of the user. A cryptocurrency system communicatively coupled to the device of the user may verify whether or not the body activity data satisfies one or more conditions set by the cryptocurrency system, and award cryptocurrency to the user whose body activity data is verified.”
Presently, there are no indications Microsoft’s new cryptocurrency or system will make use of Blockchain technology or created with a new framework. However, if the company can successfully replace computer hash power with human brain waves, they will be the first to have patented it.
Raised in the U.S., Anton has a B.A. in economic history and has been in the cryptocurrency industry since 2017.