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Global Charity Coin

UNICEF is making it even easier to give to those in need. The global charity organization has launched a special page called The Hopepage, which reportedly functions as an online crypto-mining page for anyone that logs onto it and allocates a certain amount of processing power to it.

 

In a report by The Verge on April 30th, it was stated that over 2,600 people have already tried this and the processing power that can be allocated to the website is maxed out at 80 percent. The mining is done simply by time spent on the webpage once this processing power is allocated to the website. UNICEF claims that the relationship is direct. The more time spent on the website, the more cryptocurrency mined.

 

Specifically, it sounds as if it is one of the first cryptocurrency experiences that truly puts the blockchain and blockchain tech at the back-end. The entire user experience appears to focus on ease of use over the need for any specialized technical knowledge.

 

It all begins with the customer clicking “start donating,” which triggers a pop-up window that asks you to allow the website to use your computing power.  This is followed by a sort of disclaimer that the website’s algorithms function inside of your browser, so there is no need for you to download anything special.

 

A caveat is that it has apparently already been discovered that the website isn’t functional across every computing platform. In addition to this, the mining tool used is essentially the same as Coinhive’s, Javascript-based mining tool, which mines Monero and has been used by Salon to test out generating ad revenue as well as the Showtime network, as a test. Therefore, the crypto mined is limited to one currency.

 

The question remains: just how much cryptocurrency can you mine with a regular laptop through an online tool? In The Verge report, it was stated that a 2015 MacBook Air with 20 percent processing power allocated, ended up with a hash rate of six hashes per second.

 

The answer is: this clearly mines a minuscule amount if the average numbers of the Monero network are put into consideration. According to the Monero stack exchange website with many of its technical specifications, the network was averaging 23,300,000 hashes per second to mine one block every 2 minutes. This was two years ago but these stats serve to show that it takes a lot more to get a substantial amount of crypto-coins from mining. These stats yielded roughly 11 Monero coins per block. 6 hashes per second, again, would be a lot less.

 

The Hopepage also only donates the mined Monero through UNICEF Australia. At this time, it appears that no other branches of the charity are involved in the process.

 

Despite this, it is promising that global charities are moving into the space. People trust the bigger charities like UNICEF with their money. If these organizations can convince their donators to move to crypto-payments, this could actually become a key part of the snowball effect towards widespread adoption, overall. With its low mining stats as well as the fact that the project focuses only on UNICEF Australia, all of this is still up in the air.

         

 

 

By: BGN Editorial Staff

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