UNICEF Australia’s ‘The Hopepage’ Uses Crypto Mining To Raise Money For Children

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Forbes | | Apr 30, 2018

Cryptocurrency continues finding new ways to enter the mainstream in 2018.

The United Nations Children's Emergency Fund Australia (UNICEF Australia) is the latest organization to hop into the blockchain/cryptocurrency world -- using a newly launched website called "The Hopepage."

This is a totally novel donation mechanism that flips the cryptojacking narrative into a positive one; by visiting The Hopepage and allowing it to run in the background, users allow it to mine cryptocurrency (Monero) using the visitor's computer processing power.

The proceeds from this mining will be converted into fiat currency and donated to UNICEF Australia to supply vulnerable children worldwide with supplies like vaccines, food, and safe drinking water. And unlike typical donation structures, users don't actually have to give any money -- they simply need to offer some of their computing power.

See:  Hut 8 Mining Corp. Announces Electricity Supply Agreement with City of Medicine Hat

The website, powered by Coinhive’s AuthedMine, is opt-in, allowing users to select how much processing power The Hopepage can consume, as well as how long to allow it to run, explaining in a statement:

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.

At the time of this writing, approx. 2,800 people were donating processing power to mining.

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The National Crowdfunding & Fintech Association of Canada (NCFA Canada) is a cross-Canada non-profit actively engaged with both social and investment crowdfunding, alternative finance, fintech, P2P, ICO, and online investing stakeholders across the country. NCFA Canada provides education, research, industry stewardship, and networking opportunities to over 1600+ members and works closely with industry, government, academia, community and eco-system partners and affiliates to create a strong and vibrant crowdfunding and fintech industry in Canada.  For more information, please visit:  ncfacanada.org

 

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