Monero-for-Bail Project Sees Increased Demand During Protests

Monero-for-Bail Project Sees Increased Demand During Protests

Credit: Max Bender/Unsplash

A software program that mines Monero to bail people out of jail has seen an uptick in use as protests over the police killing of George Floyd continue across the U.S. The software is called and runs in the background of your computer, passively generating Monero that is then distributed to bail funds. 

“I noticed a 20% increase in our hashrate this week as opposed to last week,” Grayson Earle, who developed the Bail Bloc software, said in an email. 

“We are dedicated as a project and as individuals to the movement for black lives, and feel that the urgency of the situation requires direct action and people should direct resources to organizations on the ground that can respond rapidly.”

The hash rate is the measure of how quickly the cryptographic calculations for mining are executed. The Bail Bloc hash rate is currently 94.5 KH/s, according to Earle. 

Bail funds are used to pay bail for those in pre-trial detention, which can last for weeks or even months otherwise. Since 1970 pretrial detentions have increased by 433%, by the Center for American Progress. In 2015, more than 60 percent of the total jail population in the U.S. was made up of people held for pretrial detention, according to afrom the Vera Institute, a nonprofit that campaigns for justice system reform. In the wake of protests against police brutality more than 10,000 protestors in the U.S.

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