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Mining Could Become Way to Donate for US Elections

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Tue, 2/10/2018 - 15:36
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Mining Could Become Way to Donate for US Elections
Cover image via U.Today
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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.

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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.

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

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