UNICEF Australia to use cryptocurrency Mining to help children in Bangladesh

UNICEF is requesting you to give up between 20-80 percent of your computer processing power to help mine more cryptocurrency. The proceeds are converted into real-world money and then used to buy life-saving supplies for the needy and help children in Bangladesh.

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UNICEF Australia is asking you to offer some of your computer power to mine cryptocurrency. Hence participate in helping humanitarian and developmental assistance to children and mothers in developing nations.  

Coinhive Deceptive Practices

They are using Coinhive, which has been in the news for all the wrong reasons of secretly taking over users’ computer power using malware, to mine cryptocurrency for personal or business gains. Over 50,000 websites were affected. But this time around, UNICEF’s is consent-based, organized with a purpose to help the needy, and is an opt-in program.

With the Coinhive tools at the Hope Page website, you will be surrendering some of your computer power to mine Monero for the website you are visiting.    

You can also choose how much processor power you want to donate — between 20 to 80 percent. Once the mining is done and Monero crypto harvested, it is turned into real funds that reach children through life-saving supplies like safe water, therapeutic food, and vaccines.

Although UNICEF says on their website that ‘mining is perfectly safe for your computer’. It does not clearly state how giving some part of your processing power will affect your operations on the machine. Clearly, to say, it can turn out to slow all your operations to a halt if you are using an old machine that is already struggling to support your current program. So this could be more suitable for people with spare processing power not currently being used. Also, good for those who do not know how to or do not mine such that they can donate already mined cryptocurrencies.

Saving face

After some heated complaints against Coinhive, they later launched an opt-in feature. With this, the mining does not start until you choose to provide consent. It saved their face and is now seen as a better ad-free alternative for websites seeking an alternative revenue model.

Therefore, the deal with UNICEF will further help improve their legitimacy.  

Would you consider donating some computer processing power to mine cryptocurrency or mining it on your own and then donating the cryptocurrency?  

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David Kariuki is a journalist who has a wide range of experience reporting about modern technology solutions including cryptocurrencies. A graduate of Kenya's Moi University, he also writes for Hypergrid Business, Cryptomorrow, and Cleanleap, and has previously worked for Resources Quarterly and Construction Review magazines.

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