I’m new to this discussion board but have been watching the YouTube channel for a while now and have dabbled in crypto. Have a Bobcat Helium miner on order, but also ran across this Planetwatch project, that seems incredibly easy to setup and earn some passive income as a pretty early adopter. The ROI seems very good at this point. I like the idea of these quiet, less power intensive projects. Does anyone have experience with this project? Maybe a Vosk video coming in the future? Thanks!
I just found this as well, and am also curious…It seems most of the USA is uncovered.
I have a couple of Awair Elements that payout Planet tokens. Pain to set up and we were promised 25+ Planets per day but getting 16.2 now, dropping daily. The reward bucket had 49.5m Plantes in it for Type 4 licenses on Dec 2021, now the bucket is 30.9m (Element is a type 4) Good ROI but I think the rewards will be reduced to 6 Planets per day.
Thanks for sharing your experience with Planet watch. I’m thinking about going the type 1 route, and since I would be the only one in my Tier 1 block ROI should only be a couple of months. If I can get a miner soon enough the reward pool should still be there with another few months in the recycle bin. It’ll be interesting to see how the profit share ends up paying out once they eventually sell this data. WeatherXM looks like another similar type project but I haven’t dug into the tokenomics on that one.
It’s a little earlier stage project. Thanks again.
So am I understanding correctly, that there is only a limited amount they have set aside for payout, and once that is used up, then you are basically running the sensor for them for free? (I was looking at the type 1 as well although I’m in Tier 2 block) (WeatherXM looks interesting as well, I already wanted to put a better weather station at my house, this might be a good idea.)
The way I understand it from the white paper, they have a daily reward budget for Tier 1 of 409,740 planets and 175,603 for Tier 2. If these are not used in a day they go into the recycle bucket which basically acts to keep rewards at the max rate for a period of time after the saturation point has been hit. The saturation points are 2459 sensors for Tier 1 and 2107 for Tier 2. At that point you will still have the max number of rewards but they will be divided up amongst more miners so you won’t hit the max (once the recycle bucket empties at least). There are about 8 months of planets in the recycle bin right now, but that equation changes with more sensors. On the other hand the recycle bin is filling right now. Not sure how the sensor type 2 rewards will come into play here since it looks like those will no longer be sold. Maybe those rewards will be added to the Type 1 pool? These are total rewards and miners are paid 80% of the total rewards. After this reaches equilibrium and planetwatch sells the data, 40% of the sales will go to the sensor owners mining the data, 40% to the recycle bin and 20% to planetwatch. Licensing rules are changing soon too. Right now you can have 5 licenses of each sensor type. In a few days that changes to 5 sensors total. I’m no expert on this, just in research mode, so please verify what I’m saying here for yourself. I’m pretty new to the whole crypto space.
My Awair sensors came in but now you can’t get a type 4 license. I dont want to have to sell these on eBay and hoping Planetwatch allows me to buy the license since I purchased early January. Fingers crossed.
For those who purchased they are giving a window of 14th to 18th to show them you bought and couldn’t get license. Go immediately and notify them. ****
Too bad that rewards dropped to only 5.4 planets a day