US: Crypto Initiative Donates Monero to Bail Out Immigrants in ICE Detention

The Bail Bloc initiative has started using cryptocurrency raised through charity to help people get out of U.S Immigration and Customs Enforcement pretrial incarceration, according to a tweet posted by a Bail Bloc co-founder Nov. 15.

In 2017, the agency conducted 143,470 overall administrative arrests, 92 percent of which resulted in a criminal conviction or a pending criminal charge.

In ICE detention people are required to pay an immigration bond in exchange for their immediate-term release, although statistically only 47 percent of those in detention are given a bond hearing.

Bail Bloc has set a goal to help charged immigrants pay their bail with money raised through cryptocurrency mining.

The initiative has released an app that consumes a small portion - from 10 percent by default to 50 percent optionally - of users' computer power to mine Monero once it is installed.

The organization states that at the end of every month it exchanges XMR for U.S. dollars and donates the earnings to the Immigrant Bail Fund in New Haven, Connecticut.

Bail Bloc has reportedly mined 44.34 XMR, which equates to $7,356.

This sum is enough to bail out 12 people, per the organization's website.

Bail Bloc says it chose XMR as it is an ASIC-resistant cryptocurrency, meaning that consumer-level computers are able to mine the coin "In a financially viable way," while computers designed with the sole purpose of crypto mining cannot.

At press time, XMR is trading at around $87, down 0.82 percent over the past 24 hours, according to CoinMarketCap.