Donating money, time, or resources to charities makes the world a better place, but what if you don’t have any of those things to spare? If you’re using the internet via a web browser maybe you can donate some spare CPU cycles though. A new site called Donate Your Tab uses your computer’s spare computational power to mine Monero (a cryptocurrency), it is then donated to a charity of your choice. The technology behind it has come under scrutiny recently because some sites are using people’s browsers to mine without their consent. Donate Your Tab allows you to opt-in to the mining and even control how much energy goes to mining.
Why would I want to use this?
We obviously think you should contribute your time, voice and cold hard cash to your favorite charity. But this site is a good start. You’re already on your computer, why not use that time to make money for causes you support? These days we often feel guilty like we can’t change anything but this allows you to do something even when you’re just sitting on the internet scrolling through your newsfeeds.
How much money can we raise on this thing?
Good question. Mining cryptocurrency isn’t profitable unless you do it over an extended period of time and have lots of people contributing.
Lets say you can make $0.05 for leaving this thing running in a browser tab all day. $0.05 x 100,000 users x 365 days = $1,825,000 to charity. Not bad! Spread the word so we can get there.
Blockchain technology stems from Bitcoin and provides a platform for change greater than Bitcoin itself. Researchers in the renewable energy industry have realized that blockchains can be used to replace outdated billing and tracking. Presently when a company produces energy it requires verification form other companies and each step eats into profits – a more efficient system would be use blockchains to verify the system by cutting out the middleman. The blockchain also provides a transparent solution that makes for easier monitoring and accountability than what’s currently provided.
The blockchain being used the example below is powered using my favourite cryptocurrency Ethereum. It is another way that distributed ledger systems mixed with computing power can alter our economies for the better.
Keeping track of renewable-energy certificates is one of dozens of potential applications of blockchain technology that could solve data management challenges in the electricity sector without disrupting business as usual, according to Morris. He and many others believe that in the long term, the technology could help transform the very architecture of the grid itself.
To unleash the potential of blockchain in the energy sector, Jesse Morrisâ€™s team at RMI has joined with Austria-based blockchain startup Grid Singularity to create a new nonprofit called the Energy Web Foundation. Earlier this month, the EWF launched its own blockchain, which Morris says is â€œpurpose-built for the energy sector.â€ Based on Ethereum, the network will be a test bed for promising use cases. To validate transactions during the test, EWF will rely on 10 major energy companies that have signed on as affiliates.
Cryptocurrencies have popularized the use of a digital concept called a blockchain. These blockchains can be used to track transactions and increase accountability of shared networks. If this sounds familiar, a few months ago we looked at how blockchain technology can be used to track physical items.
Citizens around the world have been losing trust in their in governments. Certain parties are getting elected that increase corruption, or at least, make it look like those in charge are running a kleptocracy. This leaves the average person distrusting of their government, maybe using blockchain technology this trend can be reversed.
Tillemann believes blockchain could play a big role in improving trust in government, improving bureaucratic efficiency, and maintaining integrity of public data, from vote counts to land registry titles. (We discussed several other social impact applications for blockchains here).
â€œThe critical challenge facing society right now is the breakdown in trust in institutions,â€ he tells Fast Company. â€œBlockchain was designed from the ground up to address that, creating systems that are highly secure, highly transparent and resistant to corruption.â€
Dogecoin is an open source cryptocurrency like Bitcoin. Indeed, Dogecoin uses Bitcoin as its underlying codebase; the difference between the two is that Dogecoin has a ridiculous, hilarious, and enthusiastic community. The nice people who mine Dogecoins have done a lot for fund-raising for good causes:
The community is so filled with fun and joy that it inspired me (and the rest of the team at Wero Creative) to make AstroDoge. The game captures the goal of the Dogecoin community: to the moon! In the game you steer a spaceship in between asteroids by only controlling the thrusters.