When you think of those who have “made it” in the cryptocurrency space, who usually comes to mind? Venture capitalists? Early stage investors? Inside traders? Influencers? It’s a far cry from the fair launch days when people mined Bitcoin at home on their laptops.
So what is left for people to do? Buying memecoins comically and praying the developer won’t give up?
DePIN changes this
Mining cryptocurrencies directly from the source is still one of the best ways to build a cryptocurrency wallet. While the industrial scale of Bitcoin mining puts most people out of the game, the emerging DePIN sector offers amateur miners a completely new and interesting way to make money. This is because miners are not only rewarded for supporting the network of their choice but because the hardware often plays a direct role in a larger solution.
DePIN involves a physical commitment that separates speculators from people willing to make change. Key to this process are finely tuned reward systems that pay users for their efforts; Flywheel systems that often allow for a quick return on investment. It may seem complicated, but the truth is that there are many DePIN projects that you can contribute to and earn rewards from without changing your daily routine.
Check out these five devices you can order today to get started on DePIN.
1. WeatherXM: It’s raining icons
Have you ever stood next to a friend and looked at your weather app and got a completely different forecast than theirs? You are not the only one! The weather is often unpredictable, but variations in reports can be worse.
WeatherXM It aims to solve this problem by dramatically increasing the number of data collection points around the world. By leveraging a wide range of user contributions, highly specific weather reports become a reality.
Users can contribute to WeatherXM’s decentralized weather network by installing and connecting specialized weather stations. These stations also act as token miners, rewarding their WeatherXM holders $WXM Token.
Weather XM WB1200There are several WeatherXM products on offer, including the $400 Weather XM WB1200 This is currently available for pre-order. This particular model connects via WiFi, but other models in its range offer connectivity via LoRaWAN and 4G-LTE.
So is this the DePIN device for you? It’s worth bearing in mind that you’ll need to install this device outside, so it may be more suitable for homeowners than people renting apartments. But beyond that, contributing to more accurate weather reporting is a worthy cause we can all get behind!
Head to WeatherXM docs To learn more about this DePIN device.
2. GEODNET: Extract the sky
By the time satellite data reaches the surface of our planet, the accuracy of the information can be affected by various elements, most notably the solar wind. geonet It aims to improve satellite navigation accuracy through its decentralized global real-time kinematic (RTK) network.
RTK networks serve as a means of correcting data flow, bringing the accuracy of results down to the centimeter level. When you consider the progress that has been made in autonomous vehicles, drone delivery, automated agriculture, smart machines, and the like, the potential for subscription-based services that leverage satellite positioning is enormous.
A GEODNET mining kit typically consists of a base station and antenna, as well as the cables needed to connect the two units. The equipment works with the four major global navigation satellite systems: GPS (US), Galileo (Europe), GLONASS (Russia), and Beidou (China).
Multiple GEODNET lists Distributors Where you can buy equipment from. Hyfix.aithe hardware manufacturer, lists a complete kit including base station, antenna, cables and mounting brackets for $695.
Miner owners receive GEODNET $geode Symbols. It’s worth taking a look at GEODNET Console map There are currently a lot of SuperHexes in strategic areas that offer multipliers in addition to the basic bonuses.
Satellite meteorological station GEODNETIs this the DePIN device for you? At $695 for the set, this is the most expensive model on today’s list, and like the WeatherXM station, it requires external setup. On the other hand, the growing standalone market will rely more and more on RTK solutions, so the upside potential is worth considering.
Read about RTK and mining basics on the website geonet documentation Website.
3. Hivemapper: World map
How many times have you searched Google Street View only to see a photo that is 5 or even 10 years old? What if you could give Google Maps a run for its money? That’s exactly what Cell folders I set out to achieve it.
Instead of paying for a fleet of expensive cars and full-time drivers, Hivemapper instead turns to people who are already on the road every day. By incentivizing map coverage through token mining dashcams, Hivemapper has quickly grown an enthusiastic community of decentralized mappers. Their latest statistics show they have drawn a map 20% Of the 60 million kilometers of roads in the world.
Hivemapper achieves this through specialized measurement cameras. They are currently promoting their latest Bee model, listed at $489 which you can do pre order Directly on their site. This model collects data internally and uploads it to the WiFi network when available. For an additional $100, a model with LTE cellular connectivity can simplify the process.
For privacy-conscious readers, special features are built into the product, such as image blurring and limits on the collection of personally identifiable data. The code is of course open source and can be examined github.
Users who contribute to the mapping network can receive them honey $ Tokens as rewards.
Hivemapper Bee DashcamSo, is this the right option for you? If you don’t drive, you probably shouldn’t. But considering the number of people who drive cars, this device is sure to be a hit, especially for professional drivers who are on the road for several hours a day.
Dive in Hivemapper docs To learn more about decentralized mapping.
4. Wicrypt: Share your internet bandwidth
It is an unfortunate fact that much of the world still lacks basic Internet connectivity, especially in parts of the developing world that could benefit the most from Internet connectivity. WeCrypt is a Nigerian startup that is tackling this problem head-on.
Wicrypt enables owners of its WiFi hotspots to share access to their internet bandwidth with their reward $WNT Symbols. Hotspots are powerful, high-capacity devices with SIM card slots that provide flexible connectivity solutions.
Besides providing Internet access, hotspot owners can open additional revenue streams through advertising banners that are displayed to users connected to their devices.
WeCrypt Spider It costs $299.99 and can provide connectivity for up to 70 simultaneous clients. Whether you’re in a quiet rural area or a busy city, this access point is an ideal addition to commercial areas such as cafes, bars, restaurants and community centres.
Wicrypt SPIDER hotspotIs this the DePIN device for you? It’s a simple solution to a very big problem. If internet access is a problem in your area, why not help out and earn something for your contribution?
Read about Wicrypt’s view on its dynamism White paper website.
5. DIMO: Own your car’s data
Love them or hate them, smartphone apps have forever changed the way we live, eat, work, sleep, play, and many other things in between. This technological shift is made possible by open app marketplaces that enable developers to provide products and solutions to almost any modern phone user. If only it were the same in the automobile industry…
Our cars are becoming smarter by the day, and a huge amount of useful data is being generated under the hood. But unlike the world of smartphone apps, this data is usually locked within the walled gardens of each particular car manufacturer.
machine It fixes this with a simple plug-and-play device. Demo Macaron It connects to car models dating back to 2008. Simply plug it into the OBD2 port (usually located near the steering wheel), and you’ve unlocked the wealth of data hidden in your car.
In doing so, car owners themselves are laying the foundation for an exciting new open application market for the automotive sector.
The small-format Macaron retails for $99, and regularly syncing with the DIMO network allows drivers to earn money $ demo Rewards.
Demo macaronIs this the right device for you? At $99 apiece, this plug-and-play model is very affordable and provides one of the quickest and easiest ways to access DePIN today.
Start your journey on DriveDIMO Website.
Bonus: your smartphone
Yes, that’s right, you can actually earn some tokens with the handy tool in your pocket. There are plenty of DePIN numbers that can be contributed with nothing but a phone and an internet connection. Here are just a few:
- Natix It provides a similar solution to Hivemapper’s decentralized mapping network but with an app-based solution, rather than an actual dash camera.
- silence It uses the built-in microphones on people’s smartphones to build a dynamic map of noise pollution around the world.
- Acurast It takes advantage of the storage space on old mobile phones to create a decentralized cloud that anyone can contribute to.
With its flexibility and powerful processing power, we can certainly expect to see more smartphone-based DePIN solutions hitting the market in the coming months and years.
conclusion
there DePIN use case To suit just about anyone’s interests. With the increasing risk of job loss due to machine learning and automation, there has never been a better time to invest in solutions that work for you and generate passive income.
DePIN is designed for easy access. It’s not as complex as DeFi, or as lacking in utility as memecoins. Best of all, most DePIN projects are designed to contribute something meaningful to society. It is truly a win-win space.
Which device will you try first?
As a freelance technology writer, Jason Glenn helps business owners and founders turn complex topics into compelling stories and actionable insights. To see more of his work, see: https://jason-glynn.medium.com
