The Australian office of the United Nations Children’s Fund (UNICEF) is asking people in the country to contribute to their cause by lending their device’s processor power to help mine blocks of cryptocurrencies that will, in turn, be added to the UNICEF fund.
How can you help?
Starting to donate in this way to UNICEF is pretty straightforward. You log onto their page, that they call ‘The Hopepage’, click on ‘Start Donating’, set how much processing power you would like to donate from 0 to 80% and every time you use your computer, keep the page open.
All the cryptocurrency coins that are mined in this way are then converted to fiat and added to their fund that will, in turn, go towards making sure that mothers and children in war-torn regions get the aid and support they need.
How it works
The mining technology that UNICEF’s page is using the opt-in version of Coinhive API, AuthedMine that mines the privacy coin, Monero. All units of Monero that are mined by browser miner will be converted to the Australian Dollar and then added to UNICEF Australia fund.
The Monero Business Model
The Monero mining business model is now becoming a widely used feature. It is the privacy that is most attractive about the coin. Among big names that use Monero mining as a business model is the long-time illegal torrent site Pirates Bay.
Join the ItsBlockchain community on Facebook for industry news and free trading signals – https://www.facebook.com/groups/139015939966125/
Get free altcoin day trade signals on our free Telegram group – https://t.me/ibcsignals
For up to date technical analysis and trends, follow us here – https://t.me/Itsblockchain
Subscribe to get notified on latest posts.
