Skip to main content

UNICEF Turns to Crypto Mining to Raise Funds for its Humanitarian Causes


Do you want to support UNICEF's goal of making the world a better place for less fortunate kids? Turns out now you can, just by visiting a website and volunteering your computer's processing power. UNICEF Australia has turned to crypto mining to fund its humanitarian causes, and it's counting on support from the public. While there have been widespread cases of people's computing power being used to mine cryptos, this initiative is different, as it's dedicated to funding UNICEF as it endeavors to provide humanitarian assistance to children and mothers.

THE HOPEPAGE
UNICEF Australia has launched The Hopepage, a website with a simple interface that calls on visitors to "Give Hope, Just By Being Here." Once one visits the site, he or she is prompted to click a 'Start Donating' button that lets them start donating their computer's processing power right away. One also gets the option to determine just how much of their processing power they will donate, with the maximum allocation being 80%. (It can be dangerous to donate too much of your processing power to mining, as it's a very energy-intensive process.)

The site also explains how the process works. Once you agree to donate your processing power, your computer automatically starts solving algorithms (mining) which earns UNICEF cryptos that it trades to raise funds for its causes. Those funds are used to buy life-saving supplies like vaccines and safe water for millions of children.

For those who would like to contribute to the cause but are wary of mining, the site has an assuring message for them:

Mining is perfectly safe for your computer. If you're ever worried about power consumption, turn down the amount of processing power you're donating.

The site uses Coinhive, a crypto mining service which has in the past been widely associated with cryptojacking, a process in which unscrupulous internet users mine cryptos using people's computers without their knowledge or consent. This is, however, a very noble undertaking for Coinhive, and will have the secondary benefit of restoring some faith in the service, which has gained notoriety for being used to target users of YouTube, Google, and even UK government sites.

A GROWING TREND
While UNICEF Australia is pioneering the use of people's processing power for humanitarian causes, other companies have also turned to using the processing power of their users to mine cryptos, some legally and many more illegally. Among those doing it legally and openly is Salon, a media outlet that is exploring using its visitors' computing power in place of ads. This offer is optional, and one can opt out and instead view ads if they wish.

Among those that have been caught using Coinhive to illegally harvest processing power from users include The Pirate Bay, a digital repository for media content and software. After users found out that the site had been cryptojacking their computers, the site apologized and proposed a more open harvesting of processing power in place of ads. Most of the people who responded to the proposal were supportive of the initiative just so they could avoid ads. Showtime, an American television network, was also found to have been doing the same thing; it had been mining Monero, a privacy-focused crypto, using Coinhive's software.

Comments

Post a Comment

Popular posts from this blog

What is iDice?

iDice is a dice betting Dapp fueled by the use of the Ethereum organize. eg. iDice lets in players do several things and having such an innovative new token on the ETHEREUM Platform, we had to write an article about this new project. Guess on the space by the use of keeping up iDice tokens and best of all 100% of all benefit iDice acquires is dispersed among token holders, related to the amount of tokens they dangle. iDice amusement code is decentralized and changeless. Such gigantic building fees highlight a rising requirement for experienced, fair and cast Dapps. iDice iDice is an control which gives a provably affordable and simple, virtual Ethereum dice betting Dapp. The house edge will be set intensely and token holders have an atypical esteem that is dependably equiva- loaned to the house edge. iDice has a fully simple provide code accessible at etherscan.io. The payout of recreations is many times speedy. Provably Fair iDice uses open provide blockchain...
Post a Comment
Read more

Spanish Banks Form New Blockchain Consortium

A group of Spanish banks has formed the country's first blockchain consortium. Wholesale bank Cecabank announced the effort today, partnering with professional services firm Grant Thornton. Who's involved: In its announcement, Cecabank doesn't say which other institutions are taking part, stating that it "comprises 33% of the Spanish banking sector". However, according to Spanish newspaper El Pais, the group's membership includes Abanca, Bankia, CaixaBank, Kutxabank, Ibercaja, Liberbank and Unicaja. It represents the first major foray into blockchain for these companies, as other Spanish banks, including Banco Santander and BBVA, have been working with the tech for some time. What they're saying: Thus far, only Cecabank has commented publicly on the consortium effort, describing it as a way for its employees to get a top-down understanding of the tech – as well as possible insight into how the bank might actually go about using it. "Employees of all o...
Post a Comment
Read more

Ethereum Smart Contract Issues Frustrate Developers with Fatal Bugs

Only weeks after the execution of a hard fork to mitigate various DoS (denial-of-service) attacks, the Ethereum network and its developers are struggling to deal with yet another major flaw. This time, major issues in regards to smart contracts have emerged, which have rendered the efforts of decentralized applications in the Ethereum network purposeless. On November 1, the Ethereum development team and the founder of Solidity warned users and developers against a bug that allowed variables to be overwritten in storage. Variables in a smart contract are agreements made between two or more parties. Thus, if an attacker can gain access to the storage and alters the variables, crucial agreements in decentralized applications can be affected and funds may be extracted, which may pressure developers to discard previous smart contract-based projects to recompile contracts. Ethereum developers including Ansel Lindner stated that the development of an Ethereum application is failing to opera...
Post a Comment
Read more