Bail Bloc Initiative Dona Monero (XMR) Cryptocurrency to help immigrants in the United States

[ad_1]
Bail Bloc Initiative Dona Monero (XMR) Cryptocurrency to help immigrants in the United States

According to a Tweet uploaded by Maya Binyam, Bail Bloc co-founder, have been using the computing power of users for a year to help people get out of jail before the trial.

Now they are launching Bail Bloc 2.0 which will use the backup calculation power to get people out of ICE detention.

The United States. Immigration and customs (ICE) is a police agency that controls cross-border criminals and illegal migration. In 2017, the agency was able to arrest 143,470 people. 92% of them were convicted or resulted in a pending criminal charge.

Those of the ICE must pay an immigration certificate in exchange for their immediate release. However, only 47% of those detained have a hearing. Those individuals who are unable to pay the bond must wait for the detained hearing. In some cases the wait could last months or even years.

This is why the blockade of Bail initiative has set a goal to help the accused immigrants pay their bail. However, people who want to donate can do so through cryptocurrency mining activities. An application developed by Bail Bloc allows users to extract Monero (XRM) with their computer.

The power provided by the participants involved varies between 10 and 50% of the total power of the computer.

Monero It is one of the largest virtual currencies with a market capitalization of $ 1.43 billion. It is possible to extract this cryptocurrency using the CPU or the power of the GPU. Bitcoin, on the other hand, requires specialized machines known as ASIC miners that consume a lot of energy and are very expensive to buy.

Every month, the organization selects XMR tokens for US dollars and donates funds to the Immigrant Bail Fund in Connecticut. The company informs that they were able to extract 44.34 XMR, amounting to $ 7.356 dollars. With these funds, they are able to save 12 people.

At the time of writing this article, Monero It is the tenth largest virtual currency and each token can be purchased for $ 86.45 dollars.

[ad_2]Source link