Use IoT to Earn Crypto
Photo by Jonathan Borba on Unsplash
Internet of Things (IoT) devices have dominated the convenience market and have made our lives a lot easier, though a tad bit creepier. To push this market one step further, the crypto overlords are now making ways to not only have but to earn from such IoT devices and the data they transmit. Who’s gonna say no to that? Me? You? No one?
THE WHAT?
Helium is a global hotspot network that provides public, long-range wireless connectivity for IoT devices
Hotspots are rewarded in $HNT, the Helium blockchain’s native coin
The public and open-source Helium blockchain, with the help of a global community of hotspot owners, has resulted in the development of the world’s largest decentralized wireless network
THE HOW TO EARN?
Owners of hotspots receive $HNT based on how often their devices achieve two things:
a) Validate the Network — Hotspots send data to each other to verify that the network is secure and owners are rewarded for participating in a Proof of Coverage procedure
b) If an e-scooter, pet tracker, air quality sensor, or other device utilizes a Hotspot to transmit data, the Hotspot owner is rewarded based on the amount of data transferred
2. Planet Watch
THE WHAT?
The product is a small sensor that connects to your phone and provides detailed information on how your lifestyle and activity affect the quality of the air you breathe
The goal is to help build a global air quality monitoring network to detect pollution hotspots and help protect public health
The sensor is designed to follow you around all day, whether you’re commuting to work, bicycling, jogging, or whatever else you do. Creepy but beneficial, right?
THE HOW TO EARN?
After you have purchased a sensor, and a license, and got your sensor up and running, it will start submitting valid air quality data to PlanetWatch
You earn $PLANETS and Earth credits based on the number of quality air pollution data sent by your sensor
3. unMineable
THE WHAT?
unMineable is a cryptocurrency mining pool that uses the graphics processor or CPU of a Windows machine to earn you crypto using the Proof of Work (PoW) validation mechanism
The service accepts a wide range of cryptocurrencies, including Bitcoin, Ethereum, Dogecoin, and newer ones like Shiba Inu, Solana, and Cardano
THE HOW TO EARN?
You just need to choose the coin you want to mine and configure your rigs to point to any of the pools for starters
Your coins will be delivered immediately to the asset of your choice
4. Ambrosus
THE WHAT?
The Ambrosus network is a blockchain-based ecosystem designed for Internet of Things data exchanges and supply chain management
The Ambrosus platform, which can be used in nearly any complicated supply chain, can be simply linked to current IoT devices and IT systems to digitize and increase the transparency of supply chain processes
They are a network of developers, companies, and community members who are harnessing IoT and blockchain to untangle supply chain complexity
They are constantly growing their staff and community while evolving Ambrosus’ features, functionalities, and application
DISCLOSURE:
None of these articles constitute financial advice. Articles are highly summarised to make it easy for the reader and save your time, so please DYOR further before putting your hard-earned money into any product mentioned.
Please note that the tech industry evolves rapidly and this article's information is correct at the time of publishing. As Heraclitus said, “Change is the only constant”, so if anything sounds old or off please holler on the socials or comment here so everyone stays peeled.
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