The United Nations Children’s Fund (UNICEF) has announced a program which has been designed to use donors’ computers to raise fiat currency through cryptocurrency mining.
The website, the nucleus of the new project, is called “The Hope Page“, and is able to mine the cryptocurrency Monero using donors’ computer processing power through Coinhive, a crypto-mining service. This is the second time that UNICEF has used cryptocurrency to fund its overseas projects. In February, it launched a similar program to support children in Syria, affected by the lengthy civil war in that country, using donors’ computers to mine Ether.
The donated funds will go to the UNICEF Australia‘s current mission in Bangladesh established due to the Rohingya crisis, providing humanitarian relief for both children and their mothers and ensuring that they receive life-saving supplies such as safe drinking water, food, and vaccines. Some families, having escaped the military-led violence in neighboring Myanmar, are now living in refugee camps in Bangladesh awaiting placement.
UNICEF’s director of fundraising and communications Jennifer Tierney explained, “We wanted to leverage new emerging technologies to raise awareness about current humanitarian crises and raise new funds to support children caught up in them.”
She suggests that donating is simply as easy as opening a page. The Hope Page instructions clarify this for donors:
“The longer you stay on the page and the more processor power you donate, the more algorithms get solved, which earns cryptocurrency.”
However, visitors to the page are warned that cryptocurrency mining may incur further costs apart from the added domestic energy consumption. Donating may lead to higher energy bills and visitors to the site are informed that they have the option to donate cash or make credit card donations prior to authorizing mining.
At press time, over 3,600 people were donating to the programme using the cryptocurrency mining process.
image source: https://pixabay.com/en/girl-asylum-politically-policy-982119/ – geralt