Sunday, August 27, 2017

Manufacturing Giant Midea Wants to Put Bitcoin Miners in Household Appliances

Manufacturing Giant Midea Wants to Put Bitcoin Miners in Household Appliances


Midea Group, a major manufacturer of electrical appliances in China, is seeking to patent a method for mining bitcoin with household items, public records show.

The previously unreported application was submitted last November and published earlier this year by the State Intellectual Property Office (SIPO) of the People's Republic of China.

The company's application calls for appliances ranging from air conditioners, dehumidifiers and TVs to be built with specialized mining chips embedded inside. Once programmed, the products would connect to a cloud-based service and contribute their hashing power in the background.

As the patent application's abstract explains:

"The method comprises the following steps: controlling network access of the household appliance, and logging in a bitcoin account via the household appliance, wherein the bitcoin account is an account preregistered in a bitcoin [mining] website; driving a controller of the household appliance to [mine] coins in the bitcoin [mining] website, and storing the ... bitcoins into a bitcoin wallet corresponding to the bitcoin account."


Full story at http://bit.ly/2wvz5o1


Source: CoinDesk


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