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Unicef Australia To Go With Cryptocurrency Mining To Support Refugees

Unicef has introduced a new method of cashless fundraising by requesting people to donate their processing power for cryptocurrency mining instead of other supports.

 

A branch of children charity based in Australia have set up a website named as Hopepage that gives an option of donating 20–80% of their computer power to mine monero, a bitcoins rival, to the visitors.

Unicef Australia’s director of fundraising, Jennifer Tierney, “We intend to leverage latest technologies to elevate wakefulness about the present civilized crises and generate funds to back children trapped in them.”

The total fund generated through mining, which is a procedure of solving intricate algorithms to generate new currency units will use this techno-based-charity outcome for Rohingya refugee crisis.

According to the crypto mining website, “The web browser utilizes your computer’s power to solve algorithms. The more time you stay on the page, the more donations you make in the form of power processor and algorithms are deciphered, which produces cryptocurrency.”

“This generated cryptocurrency is donated to Unicef Australia automatically and transforms into real funds, and used for refugees and children to fulfill their basic needs such as vaccines, clean water, and therapeutic food.”

As the intention behind the initiative is clearly for the noble cause, at the time of writing, over 6,700 people were simultaneously donating their processing power to Unicef Australia, the outcomes will be deployed to aid the children around the globe facing situational uncertainties and missing the basic requirement of life.

The websites states, “Just being on the page will help to supply vaccines, water, and food to refugee children of Bangladesh.”

However, the ones with criminal mentalities have also breached the technology to hack the websites. As per the research, thousands of sites have been attacked by the rogue code. Among the affected websites were UK’s data protections watchdog, the Student Loans Company, and NHS services.