cash Archives - Citi 97.3 FM - Relevant Radio. Always https://citifmonline.com/tag/cash/ Ghana News | Ghana Politics | Ghana Soccer | Ghana Showbiz Wed, 14 Feb 2018 06:46:42 +0000 en-US hourly 1 https://wordpress.org/?v=6.0.8 https://citifmonline.com/wp-content/uploads/2019/05/cropped-CITI-973-FM-32x32.jpg cash Archives - Citi 97.3 FM - Relevant Radio. Always https://citifmonline.com/tag/cash/ 32 32 Salon magazine mines crypto-cash with readers’ PCs https://citifmonline.com/2018/02/salon-magazine-mines-crypto-cash-readers-pcs/ Wed, 14 Feb 2018 06:46:42 +0000 http://citifmonline.com/?p=401185 News organisations have tried many novel ways to make readers pay – but this idea is possibly the most audacious yet. If a reader chooses to block its advertising, US publication Salon will use that person’s computer to mine for Monero, a cryptocurrency similar to Bitcoin. Creating new tokens of a cryptocurrency typically requires complex […]

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News organisations have tried many novel ways to make readers pay – but this idea is possibly the most audacious yet.

If a reader chooses to block its advertising, US publication Salon will use that person’s computer to mine for Monero, a cryptocurrency similar to Bitcoin.

Creating new tokens of a cryptocurrency typically requires complex calculations that use up a lot of computing power.

Salon told readers: “We intend to use a small percentage of your spare processing power to contribute to the advancement of technological discovery, evolution and innovation.”

The site is making use of CoinHive, a controversial mining tool that was recently used in an attack involving government websites in the UK, US and elsewhere.

However, unlike that incident, where hackers took control of visitors’ computers to mine cryptocurrency, Salon notifies users and requires them to agree before the tool begins mining.

Allowing mining means your computing power is suddenly put to serious work

“I’ve opted-in to Salon’s new revenue model using Coinhive,” wrote security researcher Troy Mursch.

“100% of my CPU is now used by them to mine cryptocurrency. As my computer slows to crawl and quickly begins to heat up, I struggle to navigate their website.”

‘Recouping revenues’

The approach harnesses a computer’s spare processing power when the user is browsing Salon.com after a user accepts a prompt asking for permission.

Shortly after, the computer is put to work. Readers will likely hear their machine’s cooling fans kick into action, and it will use more power.

In a Frequently Asked Questions page on its website, Salon told readers the idea was part of a trial.

“For our beta program, we’ll start by applying your processing power to mine cryptocurrencies to recoup lost ad revenue when you use an ad blocker,” the company said.

“We plan to further use any learnings from this to help support the evolution and growth of blockchain technology, digital currencies and other ways to better service the value exchange between content and user contribution.”

Blocker beating

Many internet users decide to install ad-blocking software to hide ads that appear within websites. However, for many companies, advertising is the only way to make money from readers.

Several publications have experimented with ways around this, the most successful being complete paywalls – where users must pay a subscription to access the site – or metered systems where after a certain number of articles are accessed, the user must pay to carry on reading.

Technology publication Wired predicted that around 20% of its readers accessed the site using adblockers, and so restricted the number of articles those readers saw unless Wired was added to a whitelist that would let advertising through.

Source: BBC

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Obrempong’s Oil Diary: Chiefs to demonstrate over ‘chopped’compensation https://citifmonline.com/2016/10/obrempongs-oil-diary-chiefs-to-demonstrate-over-choppedcompensation/ Mon, 03 Oct 2016 06:00:43 +0000 http://citifmonline.com/?p=254249 The discovery and production of Ghana’s oil and gas deposits like many other parts of the world, has surely affected some persons or communities closer to the resource. And in order for the larger national interest, such persons or communities have had to make sacrifices willingly or by coercion. However, problems arise from these situations […]

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The discovery and production of Ghana’s oil and gas deposits like many other parts of the world, has surely affected some persons or communities closer to the resource.

And in order for the larger national interest, such persons or communities have had to make sacrifices willingly or by coercion.

However, problems arise from these situations due to how those involved in taking the resource, mitigate the effects or compensate the affected persons or communities.

Sadly in our part of the world, such situations are handled differently and sometimes haphazardly; or if you like “the African way”.

In Ghana’s Western Region, the two actors [the state and private producers], have literally turned a blind eye to those affected by the activities leading up to the progress and successes Ghana has recorded after exploration, discovery and production.

One would have thought that the stakeholders would have taken valuable lessons at least from the Nigerian experience; that led to the emergence of militants in the Niger Delta.

Below is a direct transcription of comments made by the Paramount Chief of the Western Nzema Traditional Area in the Western Region, Awulae Annor Adjaye, at a recent African Oil and Gas Summit on September 27, 2016.

Present at the summit were ministers of state, parliamentarians, Members of the diplomatic corps, International oil and gas experts, Country Rep of the IMF, Civil society organizations among others.

Awulae Annor Adjaye was on a panel discussing the topic “Translating Ghana’s oil wealth to broad based development: Implications for government, businesses, and affected communities”.

He was on this platform with Kwame Jantuah, Chairman Public Interest and Accountability Committee (PIAC), Mathew Armah, Team Leader, Western Region Coastal Foundation, whiles Mrs. Nana Ama Yirrah, Executive Director of COLANDEF facilitated the discussions.

When Awulae Annor Adjaye grabbed the microphone, he said, “I am going to be controversial here”.

The room suddenly was quiet, and the over two hundred participants were mute.

Awulae cleared his throat and started and I quote…

“I am a traditional leader along the coast of the western region and also in two organizations that call themselves NGOs or CSOs. I see a lot happening. I want to address how we have performed with our oil revenues and the impact of the oil find on communities. But I will disaggregate it into the livelihood of the people. As far as I am concerned, we [Ghanaians] have performed negatively with the management of our oil monies.

“If you take the September 21st [2016] Daily Graphic and Ghanaian Times, you will read that the $3.208b [oil Revenues realized in a period of 5 years since first commercial oil in 2010] have been spent. Yes! It has all been spent! It is written there in these dailies, and they have shown the areas where the expenditure has taken place. Get a copy and crosscheck.

But, down in my village there, I’m talking about Domunli enclave or Bonyere area, where they have cut down people’s coconut trees. If you go to ask the people, they will show you a receipt indicating that they cut down maybe 20 coconut trees valued at XYZ cedis. But as at this time that they [government] have spent the $3 point something billion, they have not paid the monies as compensations. Yeah! They have not paid it. Is this a positive impact on somebody’s livelihood?”

“Last Saturday, I met all my chiefs and the queen mothers, and I can assure you that those who have squandered these monies without paying the compensation due those whose coconut trees were taken down will hear from us soon from the streets, and we will mention their names, because you cannot just dissipate this quantum of money and refuse to pay for the destruction you have done there. And it is not only in these enclaves, you go to Atuabo where the Gas processing Plant is, you will hear similar stories before we talk about the effects of their activities on fishing in the sea.”

“All that I am telling you is that, in reality, people’s livelihoods have been negatively impacted and they have not been addressed. Talking about the environment, if there are coconuts trees around, and you mow them down, and practically do not start work, what have you done? Areas you take for your activities have been cleared for years without work, without the right compensations, how do you expect communities in these areas to say that the oil find has brought relief to them? To some people, this is their only source of livelihood. The coconut is their only livelihood. They are not getting their compensations and they don’t know when they are going to be paid.”

“Think of this too, if they have to wait for another year again, the value of the money that will be paid them will dwindle. What good have we done to these poor people when this happen? I want all of you to know that, in many communities in Africa, some of these things are happening and we seem to be quiet over them because some of us as chiefs are being used as shields. We have to protect and talk to people not to do demonstrations, we have to talk to them so they do not destroy pipeline as it is happening in Nigeria etc. So if you use me as a shield and then my people destroy me, you feel you have finished. You have not done anything!”

“As a leader, I will not sit down for this to happen. I will rather rally the people behind me, and fight for them to achieve what they have to get, and this is what is going to happen very soon in our part of the Western Region,” he warned.

“When the chiefs in the Western Region were asking for 10 percent of the oil royalties, many of you said we were going to use the monies to buy big cloths and umbrellas, ride in big palanquins or we were even joking. As if we didn’t know what we were about. Today, go and see how long it will take you to commute just between Takoradi and Sekondi. Go and see how difficult it is to get accommodation in Takoradi. Go and see the kind of pressure on the roads that were not built for these big trucks. Are you thinking about the young ones who are good academically but are not getting scholarship to school? Are you thinking about these problems? It is obvious they do not care. Government must come to address these problems”! End of quote!!!

So expect the demonstration sometime soon. The Chiefs and the queen mothers may be hitting the streets to demand the compensation for coconut trees that oil and gas companies destroyed.

God, save us!!! Save us from the hands of Nigeria’s Niger Delta, for we are just not ready for this.

I hope someone is reading! Well, expect another interesting read from Obrempong’s Oil Diary.

By: Obrempong Yaw Ampofo/citifmonline.com/Ghana

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