GEODNET

[Channel Hopper]

Just in time for the number of daily tokens to do its annual halving if Im reading their site correctly.

Its a big investment if they are going to cut your earning potential in half every year. Or have I missed something?

The geographical location, once others buy into it the available income is rather pyramidal.

 

[Channel Hopper]

Can some explain in plain English what this is? I looked on their site but other than mentions of mining (mining what/how) I have no idea what the purpose of this is

 

[itchybag]

The geographical location, once others buy into it the available income is rather pyramidal.

best to check if your location hex already has other geodnets already setup as that will reduce your earnings. If your the first and can provide over 98% rolling reward rate for 28 days you will be rewarded with a location nft which will then fix your rewards regardless if anyone else sets up in the same hex going forward. If your isp is flakey or they have sheduled down time that will screw % uptime. 25 more days to go here. Fingers crossed for no outtages.

 

[Captain Jack]

So basically SETI but get paid for doing so?

 

[Channel Hopper]

So basically SETI but get paid for doing so?

All LEO stuff, no aliens (though I do wonder where the 'solved' algorithms are going) for the reward.

 

[itchybag]

So basically SETI but get paid for doing so?

All LEO stuff, no aliens (though I do wonder where the 'solved' algorithms are going) for the reward.

ROVR about to launch there RTK based mapping, The Hivemapper Bee will also use RTK

 

[itchybag]

1 month on. Time flies
geod price has seen a nice incremental rise over the month so that 200 day ROI is now 140 days atm. Not going to count my chickens yet though. The NFT was acquired on day 28 so the hex my geodnet is in will retain 100% of the rewards (24 a day) regardless of how may other geodnets set up in the same hex.

EDIT - Been using ROVR which connects to Geods RTK network so now providing coverage and using it

 

[Channel Hopper]

1 month on. Time flies
geod price has seen a nice incremental rise over the month so that 200 day ROI is now 140 days atm. Not going to count my chickens yet though. The NFT was acquired on day 28 so the hex my geodnet is in will retain 100% of the rewards (24 a day) regardless of how may other geodnets set up in the same hex.

EDIT - Been using ROVR which connects to Geods RTK network so now providing coverage and using it

This 'hex' system of acquiring location rights has been abused before. Have you checked with a 120 degree rotation around your exact address for newbies ?

 

[itchybag]

This 'hex' system of acquiring location rights has been abused before. Have you checked with a 120 degree rotation around your exact address for newbies ?

geod's are pretty thin on the ground outside of the cities a geod a few hex's over and nothing else.

 

[itchybag]

2 months in, Token price has stabilised. Current ROI of 120 days @ current price, plenty of time for it to head south yet though.

 

[itchybag]

a few days away from 3 months. ROI should be around mid December if the BTC bull run continues.