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UNICEF Australia turns to mining to raise money for Bangladesh

UNICEF Australia turns to mining to raise money for Bangladesh

5 (100%) 1 vote

In another bright turn of events for cryptocurrency, famed international development fund UNICEF Australia has announced its decision to use cryptocurrency mining to raise donations for Rohingya refugee children in need in Bangladesh.

Instead of mining cryptocurrency themselves, UNICEF Australia has set up a page called The Hopepage that gives users the option to donate some of their computer’s processing power to mine cryptocurrency, all of which goes towards UNICEF Australia’s refugee aid efforts in the form of safe water, vaccines, and more. Thousands have shown their support and at press time, 7,717 people are donating their processing power to mine.

UNICEF Australia

 

Upon clicking the “Start Donating” button on The Hopepage, users can choose how much of their processing power they would like to donate to UNICEF Australia’s mining fundraising efforts:

Just leaving the page open results in cryptocurrency mining so after setting everything up, users can return to whatever they were doing.

If power consumption seems to be running high (computer starts underperforming and/or gets hot), users can simply turn down the amount of processing power they wish to donate.

The mining is powered by Coinhive, which allows websites to mine the cryptocurrency Monero (XMR) and monetize their websites with Monero mining instead of doing things like running advertisements.

UNICEF Australia uses the mined Monero and turns it into fiat currencies like the dollar in order to purchase life-saving supplies for the Rohingya refugee children.

According to UNICEF Australia’s director of fundraising and communications, Jennifer Tierney, UNICEF Australia decided to use cryptocurrency mining because it “wanted to leverage new emerging technologies to raise awareness about current humanitarian crises and raise funds to support children caught up in them.”

Although using others’ computers to mine cryptocurrencies has been done without user consent in the past — known as cryptojacking — UNICEF Australia’s decision to use users’ spare processing power to mine Monero – while asking for user permission – is a positive development for in-browser mining and alternative monetization models using cryptocurrency.

Also, even if UNICEF Australia is trying to piggyback off the popularity of crypto, using mining to raise funds for vital supplies for struggling Rohingya refugee children in Bangladesh shows crypto’s potential for good and is definitely a positive development for the cryptocurrency space as well as the Rohingya refugee children in need.

About The Author

Danny knew about Bitcoin when it was $4. Unfortunately, he didn't buy enough. Ever since witnessing the $35 million Basic Attention Token ICO selling out in 30 seconds, Danny realized how serious crypto was and has been staying on top of all the latest blockchain and crypto developments and seeing what implications this could all have for our everyday lives.

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