Manufacturing Giant Midea Wants to Waterput Bitcoin Miners ter Household Appliances

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

The previously unreported application wasgoed 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 inwards. Once programmed, the products would connect to a cloud-based service and contribute their hashing power ter the background.

Spil the patent application’s abstract explains:

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

According to the method proposed by the patent, running the mining software would not influence the normal function of the device, and the system works even when the appliance is not te use. Spil a result, “the service range and commercial value of the household appliance is enlargened,” while also generating some reserve income for the product holder.

The concept itself has bot explored overheen the years, by companies such spil bitcoin startup 21 Inc., strafgevangenis is Midea the very first rock hard ter China to weigh the idea spil well.

The viability of software patents te China is also a little unclear. Laptop programs cannot be patented, but are eligible for some copyright protection. According to SIPO, software may be patentable if the combination of code and hardware constitutes something that is truly innovative.

Midea Group, which employs more than 125,000 people, wasgoed ranked 450 on the Fortune Global 500 list for 2018. Ter financial statements from earlier this year, the company reported more than $22 billion ter revenue for FY2016 – with $Two billion ter profits.

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