Humanitarian agency UNICEF has unveiled a webpage which allows non-monetary donations to be made to its Australian unit. Rather than donating money well-wishers give away their computing power which is then used to mine virtual currencies. UNICEF is doing this by employing Coinhive, which makes use of the resources of an average computer to mine a digital currency known as Monero (XMR).
When on the webpage that UNICEF has dedicated to the mining of Monero the browser being used by the donor?s computer is used to solve cryptocurrency algorithms. Donors have a say in the kind of processing power that they can donate to the computing task.
Generally the long the browser stays open on the donations page the power of the processing power from the computer is donated. This consequently mean more algorithms are solved leading to more digital currencies being earned. UNICEF also urges donors to reduce the amount of processing power they are donating if they have worries over power consumption.
If you want to donate your computer resources to UNICEF you can do so here.
For the benefit of children
Once mined the virtual currency is then remitted to UNICEF who then convert it into fiat currencies for use by the organization in purchasing supplies for children and this includes vaccines, food and safe water.
“We wanted to leverage new emerging technologies to raise awareness about current humanitarian crises and raise funds to support children caught up in them. The Hopepage allows Australians to provide help and hope to vulnerable children,” Jennifer Tierney, the director of communications and fundraising at UNICEF Australia, said.
UNICEF has previously used this method to generate donations needed to support children in need during times of crisis. Earlier in the year UNICEF launched Chainger.io (no longer active) which makes use of the GPU power of gaming computers to mine a virtual currency known as Ethereum (ETH). The donations were meant to be used by children and women caught up in the Syrian war. So far the project has attracted 12,800 contributors who have so far raised approximately $1,224.
Besides UNICEF there are also other organizations that are raising funds for worthy causes by asking for computing power donations to mine virtual currencies. This includes Tabs Against Malaria, a project aiming to purchase mosquito nets.
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