Categories: CryptoNews

Unicef Australia Embraces In-Browser Cryptocurrency Mining to Fund Projects

In-browser cryptocurrency mining has obtained a very negative reputation over the past few weeks and months. This is mainly due to criminals exploiting this method as a way to generate revenue by stealing people’s computing resources. Unicef Australia, on the other hand, wants to put this concept in a positive light. This method will be used to fund the group’s causes, although it remains to be seen how successful it will be.

Unicef Australia and Cryptocurrency

Even though most people are only familiar with the negative side of in-browser cryptocurrency mining, the concept has a lot of potential as well. It all depends on how in-browser mining is integrated and where the generated funds will go. Doing social good is certainly an option people will gladly explore. This is why Unicef Australia is looking into this, as the organization is seeking alternative funding methods for its causes.

Bringing some positive attention to in-browser cryptocurrency mining is direly needed at this time. There have been so many negative headlines regarding this business model, it’s become increasingly difficult for companies and projects to embrace this concept for legitimate reasons. With Unicef Australia now on board, interesting things are bound to happen sooner or later. The charity has launched its HopePage for this specific purpose.

As the name somewhat suggests, HopePage is a web page filled with information regarding in-browser cryptocurrency mining. Donors can contribute a portion of their computing resources to support the charity, without having to pay any real money. For the time being, this feature is only available to Australians, although it may eventually become accessible in other places if things go according to plan.

Related Post

Surprisingly, it seems Unicef Australia uses Coinhive’s AuthedMine. Although Coinhive is not the most popular company as of right now, their opt-in cryptocurrency in-browser mining solution continues to attract a lot of attention. Consequently, Unicef Australia will mine Monero, which is the only currency supported by Coinhive at this point in time. It is a bit unclear if Unicef will hold onto their XMR or immediately convert it to Australian dollars.

With so many anti-malware tools and ad blockers preventing Coinhive from being run in browsers, it will be interesting to see how this effort plays out for Unicef Australia. After all, Coinhive has become a service non grata in the cryptocurrency world due to its involvement in malicious cryptocurrency mining. It is possible that ad blockers and anti-malware tools will whitelist the HopePage address.

By enabling users to select how much computing power they wish to donate, Unicef Australia is going down an interesting path to collect funding for its projects. It is good to see this business model getting some positive attention, and the transparency provided by the charity is appreciated as well. Users will have to manually approve the mining process every time they visit the website, which should prevent any hijacking of computing resources.

JP Buntinx

JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector.

Share
Published by
JP Buntinx

Recent Posts

TRON Leads All Blockchains in November Fees as Perpetuals Trading Surges 271%

TRON ended November as the top blockchain by fees, extending its dominance in payment infrastructure…

1 day ago

Prediction Markets Hit New All-Time Highs as November Volume Surges to $14.3B

Prediction markets just locked in another breakout month. November closed with $14.3 billion in total…

1 day ago

Trust Wallet Launches Native Predictions: A New Era for On-Chain Betting

Trust Wallet is stepping into a completely new lane. The CZ-owned self-custody wallet has launched…

2 days ago

Kraken Acquires Backed to Supercharge Tokenized Equities as xStocks Enters Its Next Phase

Kraken has announced the acquisition of Backed, the tokenization platform behind some of the fastest-growing…

2 days ago

Sui Pauses & AVAX Rebounds While Zero Knowledge Proof’s 200M Daily Presale Auction Goes Live, Sparking Massive Buyer Rush

Sui Pauses & AVAX Rebounds While Zero Knowledge Proof’s 200M Daily Presale Auction Goes Live,…

3 days ago

Europe Takes Down Cryptomixer: A $1.4B Bitcoin Laundering Machine Falls After Eight Years

Europe just shut down one of crypto’s longest-running shadows. Germany and Switzerland, backed by Europol,…

3 days ago