Mine Cryptocurrency in Google Chrome for Charity
The Charity Miner Chrome Extension is availabe now in the Chrome Web Store.
The Water Crisis
There are more than 600 million people who live without access to clean water—over 10% of the world. Most of these people live in rural areas where they spend hours each day collecting water for their community. This greatly inhibits their ability to earn income, grow food, or go to school.
To make matters worse, diseases from dirty water kill more than 800,000 people each year. To put this in perspective, that’s more than all deaths from natural disasters over the last 20 years combined. Even sadder still, 42% of deaths are children under five years old. Access to clean water and basic sanitation can save around 16,000 lives every week.
charity: water
For over a decade, charity: water has brought clean and safe drinking water to people in developing countries. They’ve funded 24,537 water projects across 24 different countries, helping over 7 million people. By sharing well data and project updates from the field, charity: water has built a reputation of transparency. Taking it a step further than a lot of charities, 100% of every donation goes to a water project. They make it possible by raising private funds to support operational costs like office space and salaries.
Here’s their 2017 Year in Review video:
How We Help
Charity Miner mines cryptocurrency with spare processing power. It’s easily configurable and can run either in the background or only when you’re away from your computer. After expenses, 100% of profits go to charity: water.
What is cryptocurrency mining?
At a high level, mining is the process by which new coins are issued. In order to be the recipient of a newly issued coin, a miner must solve a specific puzzle. There is only one puzzle at a time and it’s public to all miners. The first miner to correctly solve it is issued coins. A miner is a program or application that is specifically designed to solve these type of puzzles. They’re hard problems that take a lot of processing to solve.
Charity Miner combines the processing power of everyone using the Chrome Extension to solve these puzzles as quickly as possible. This means that even an amount of processing that may be unnoticable to you, helps solve puzzles faster. Every installation contributes, even slow computers.
How Much Will It Raise?
It is very difficult to predict the exact number each Chrome Extension installation will raise. This is a new techonlogy and the cryptocurrency markets are ever changing. The amount will also depend on how often each extension is run and on what type of computer. We expect the amount to be fairly small for each individual miner, but when we work together we can make a huge impact.
Our first goal is to fund one water project each month. A water project costs between $10,000-$25,000 USD and will supply an entire community with clean water.
From preliminary testing, we believe we can reach this goal with 40,000 people using the Chrome Extension. We will share our progress and update this with more information over the upcoming weeks.
Expenses and Growth
Right now, the expenses to run Charity Miner include fees paid during mining and servers. We also pay for advertising in a handful of locations to help get the word out. Initially we are covering all these expenses, but as we grow we will use revenue from mining to cover them. We will share specific expense numbers in our reports.
You Can Help
You can install Charity Miner from the Chrome Web Store to help us reach this goal.
Tell the world. Every install helps bring clean water to a person in need.
Have another way you can help? Get in touch.
Does your company leave it’s computers on when no one is using them? They could be providing clean water.
Chat with us if you’d like more information at hello@charityminer.io.