What if you could donate to charity without having to get your wallet out of your pocket? Now you can!
UNICEF has launched a brand new and very innovative project, where users can allow the charity to user their CPU power to mine for cryptocurrencies.
The Hope Page
The Australian branch of UNICEF has launched a website called The Hope Page, which users can visit to help them out with the project.
Once you click ‘Donate’, you can select how much of your computer’s processing power you want UNICEF to be able to use for their cryptocurrency mining.
The minimum amount is 20% and the maximum amount is 80%, and depending on which device you are using, you might want to keep an eye on how much you let them use – mining is very demanding on your computer.
How does it work?
UNICEF uses the technology developed by Coinhive to allow users to opt-in when they visit the Hope Page.
The cryptocurrency being mined this time is not Ethereum, but a coin called Monero.
Monero is said to be a much safer cryptocurrency to deal with, as it shuffles user information around as an additional security measure.
Whilst Monero itself cannot be used to buy supplies to developing countries, it is relatively easy to convert Monero into fiat currencies that can be used.
Coinhive does not have the most spot-free record when it comes to their technology.
Previously, they have been criticised for releasing a malware epidemic that saw over 50,000 Internet users having their CPUs used for cryptocurrency mining without their informed consent.
Now, however, they have rectified the situation by making users have to opt-in before any of their processing power is used by the websites they are visiting.
Working with UNICEF on a humanitarian cause will undoubtedly provide Coinhive with some more legitimacy. Furthermore, if the project is a success, other charities might want to try to do the same.
What is it for?
The project will involve providing children and their mothers in volatile areas around the globe life-saving things like “safe water, therapeutic food, and vaccines.”
This is how UNICEF’s website describes their goal:
“The longer you stay on the page and the more processor power you donate, the more algorithms get solved, which earns cryptocurrency. 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 cryptocurrency is automatically donated to UNICEF Australia and is turned into real funds that reach children through life-saving supplies like safe water, therapeutic food, and vaccines. Turn the Hope Page into your homepage to give every day.”
What do you think of UNICEF’s new initiative? Do you think it will produce the same amount of funding as a traditional fundraising campaign? Leave your comments in the section below!