Mining Could Become Way to Donate for US Elections

News
Tue, 10/02/2018 - 15:36
Yuri Molchan
OsiaNetwork LLC filed a request to the US Federal Election Commission (FEC), which, if approved, would allow people to contribute to election campaigns
Cover image via U.Today

In September, OsiaNetwork LLC filed a request to the US Federal Election Commission (FEC), which, if approved, would allow people to contribute to election campaigns by lending their computation power to mine coins to support candidates running in elections.

The scenario is that the startup would become a mining pool on which volunteers would donate the mining power of their devices. The crypto mined this way would be used to second candidates.

As a reward, the company would keep part of the generated crypto. Currently, this seems a difficult job since the attitude of US authorities to crypto donations in politics is rather controversial. E.g., North Carolina has banned it.

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today, can be contacted at yuri.molchan@u.today.

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