Public records reveal the large Chinese electrical appliance manufacturer, Midea Group, recently applied for a patent that enables bitcoin mining through household appliances.
A system for Digging Bitcoins by Using a Household Appliance
The Chinese corporation Midea Group is a major appliance manufacturer headquartered in Beijiao, China. Midea has been listed on Shenzhen Stock Exchange as a publicly traded company since 2013 and has plants and logistics centers across 200 countries. The company has done well for itself over the past two years as it was listed in the Fortune Global 500 in 2016 and 2017.
The patent published this past spring, describes bitcoin miners powered by everyday household devices, like an air conditioner, one of the company’s biggest products. Last November the firm applied for the patent called a “Method and system for digging [mining] bitcoins by using household appliances,” through Midea’s Wuhu Meizhi air conditioning company. The inventor of the patent is an individual named Chen Junji and the author of the concept states;
“The invention particularly relates to a method and a system for digging [mining] bitcoins by using a household appliance,” explains the patent found at China’s trademark office. “The method comprises the following steps: controlling network access of the household appliance, and logging in to a bitcoin account via the household appliance.”'
State Intellectual Property Office (SIPO) patent application.Read more -
https://news.bitcoin.com/chinese-manufacturing-giant-midea-seeks-household-appliance-mining-patent/