💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

Change.org Creates Monero Mining Screensaver for Charity

Published 07/18/2018, 11:41 AM
Updated 07/18/2018, 12:00 PM
 Change.org Creates Monero Mining Screensaver for Charity
ETH/USD
-
XRP/USD
-

The popular social petition platform Change.org has launched a screensaver which mines the cryptocurrency Monero (XMR) as a donation for the Change.org Foundation. This is a new initiative which seeks to empower people by building various social movements worldwide.

According to the official website, the screensaver (which is the result of a partnership with the marketing agency Traceylocke Brasil) is a “totally secure and easy way to help” and “mines cryptocurrency when you’re not using it [your computer]”.

“The amount you earn is directly donated to the Change.org Foundation”, the website adds, describing cryptocurrency as “an alternative economic system that has the potential to revolutionize the way money circulate [sic] in the society”.

Change.org estimates that 10,000 computers using the screensaver for 12 hours a day can generate around $10,000 worth of donations in a single month.

The download link is available on the official website, and currently, the screensaver is only available for Windows users.

Change.org is not the first organization to harness the phenomenon of cryptocurrency mining for charity and social change. Earlier this year, UNICEF launched a crypto-based charity campaign for Syrian children, inviting gamers worldwide to use their high-level graphics cards as “a humanitarian tool” to mine Ethereum for donations.

In addition, UNICEF Australia also launched “The Hopepage”, which is a website using visitors’ processing power (with their consent) for mining XMR, which is then donated to UNICEF Australia.

While governments and regulators worldwide may hesitate to grant digital currencies any legitimacy, crypto is slowly becoming a popular choice for charity donations. Earlier in the year, an anonymous donor set up the Pineapple Fund, which donated $55 million in Bitcoins to numerous charities. In addition, Ethereum’s Vitalik Buterin and Ripple have also made sizeable crypto donations to various causes.

More recently, popular crypto exchange Coinbase set up a charity fund called GiveCrypto, with the aim to raise $1 billion within the next two years.


This article appeared first on Cryptovest

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.