What is Cryptocurrency?
Cryptocurrency is a digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank.
How does Cryptocurrency Mining Work?
Cryptocurrency mining includes two functions, namely: adding transactions to the blockchain (securing and verifying) and also releasing new currency. Individual blocks added by miners should contain a proof-of-work, or PoW.
Mining needs a computer and a special program, which helps miners compete with their peers in solving complicated mathematical problems. Once the miners solve one of these problems, the rewards are split between the miners by amount of work complete by each miner.
Why Donate to Mining for Humanity?
Typically, your average person will find a cause they believe in and donate a set amount of money one time and that will mark the end of their support. Cryptocurrency mining enables the more savvy philanthropist to donate money not once, not twice, but over and over again with a single donation. The process is not theory, it’s a proven fact that by investing money in the hardware required to mine cryptocurrency you can make a large return on your initial investment thus giving more than any other charity around.
Mining for Humanity and cryptocurrency mining enables a single benefactor’s contribution to continue in perpetuity – we are changing the way people give!
Why Mine Cryptocurrency?
Cryptocurrency mining has become very popular and the value of digital currency has become huge. Today, this type of mining is considered as a business. There are many people and companies that are investing in resources in order to mine cryptocurrencies.
If cryptocurrency mining is so profitable, why are we giving it away to Charity?
I have always had a passion for technology and a strong drive to help others. My dream has always been to combine the two and that is why I started Mining for Humanity. I want to spend my life giving back the the community and making the world a better place.