UNICEF Uses Mining of Crypto to Help Children

UNICEF is seeking to use supporters' computers to raise donations for children via cryptocurrency mining
30 April 2018   1736

The United Nations Children's Fund (UNICEF) has launched "The Hope Page" - a website that mines cryptocurrency with the help of visitors' computer processing power. The site will allow Australians to provide help and hope to vulnerable children by simply opening the page while they are online.

The Hope Page allows visitors to select how much processing power they want to contribute to the mining process. The longer they stay on the site, the more cryptocurrency is mined.

Mining is perfectly safe for your computer. If you're ever worried about power consumption, turn down the amount of processing power you're donating.

 

UNICEF statement

All mined cryptocurrency is converted into fiat and donated to UNICEF Australia to be used for help vulnerable children worldwide with life-saving supplies such as safe drinking water, food and vaccines.

Jennifer Tierney, director of fundraising and communications for UNICEF Australia, said that the organization had been seeking to use emerging technologies to raise awareness about current humanitarian crises and collect donations to support affected children.

The browser miner is powered by an opt-in version of the Coinhive API, AuthedMine, and mines the monero cryptocurrency. At press time, over 1,950 people were seen donating computer power to aid the organization.

Litecoin to Implement Reward Halving Successfully

Block reward was reduced from 25 LTC to 12.5 LTC on block 1,680,000
06 August 2019   112

Today, on August 5, the reward for the Litecoin block for miners was halved.

Halving happened on block 1,680,000, changing the block reward from 25 LTC to 12.5 LTC. The next halving will take place in four years - tentatively on August 2, 2023, as a result of which the block reward will decrease to 6.25 LTC, making digital silver even more scarce.

Litecoin Block Reward Halving Countdown
Litecoin Block Reward Halving Countdown

According to litecoinblockhalf, 75% of the total Litecoin supply has been mined so far. The current inflation rate of the coin is 4.26%, and after four years it should drop to 1.80%.

Many investors were sure that the market had long “digested” the positive expectations in connection with a decrease in cryptocurrency emissions and expected either a sideways price movement or even a decrease in the LTC rate.