Price: $749 or $699 after using the discount code: nordic
GEODNET discount code: nordic
Where to buy: At HeliumDeploy or at HYFIX
About: Community based global navigation satellite system were users are rewarded with GEOD tokens for setting up a base station.
Needed for mining: An area with a clear sky, like an open field or a roof.
More info
My background using the Geodnet miner
I have had a Geodnet miner since 2022. During these 2 years I have not needed to make any updates or changes to the miner, it does all those things automatically. After I setup my miner it have simply earned me crypto rewards daily. So this miner have generated me a passive income without any additional effort, which is nice.
This miner is included in my "Top 4 crypto miners for 2024"
I reviewed the Geodnet miner and including it in my "Top 4 crypto miner for 2024" video because of Geodnet's real world use-case growing and their crypto token price increasing, thus increasing the miners earnings. Here below you can see my "Top 4 crypto miner" video.
What is Geodnet?
Geodnet is a community based GNSS network that gathers space weather data that can be utilized by individualls, companies and many other sectors. Geodnet have already have had great progress with their network and real usecase during 2024. The data is collected through the geodnet miner, the hyfix mobilecm that we users are able to setup and earn GEOD with. The miners users put up connect to satellites and forms a reference grid around the earth. Bu gathering this data, Geodnet is able to offer centimeter precision location services. Geodnet have with this technology become a world leader within this sector.
Can anyone get a Geodnet miner station?
Anyone can contribute to the Geodnet network by getting a MobileCM station and benefit from the world's number one decentralized GNSS network and get crypto rewards without any high electricity costing equipment.
What does the geodnet miner?
The Geodnet miner collects satellite data for geodnet and is rewarded for that with GEOD tokens. The miner is plug and play and only takes a few minutes to setup.
Why Geodnet measure space weather data
The satellite data is needed to be constantly measured due to the changing weather in space. These changes are the reason location services, like GPS, can sometimes be off by up to 100 meters. By constantly measuring satellite data real-time, Geodnet can avoid these issues with higher precision and at a lower cost.
What is Hyfix miner electrical cost?
The Hyfix miner electricity cost is low and estimated to around $1 per month. The device require almost no power at all and therefore have a low electrical cost. I estimate that the device require between 10-20 watt of power.
What comes with the Geodnet satellite crypto miner?
The package the miner comes with include everything you need to get connected including: • MobileCM Triple-Band 4 Constellation GNSS Receiver • Survey Grade Triple-Band Roof Antennae • 9m Antennae Cable • WiFi Antennae • USB-C Power Cable • Mounting Pole (0.3m) and Brackets Included
How to setup and use the Geodnet miner?
You setup the Geodnet miner by installing it on a pole on the roof or out on an open field with a clear sky. See a tutorial video below on how to setup the Geodnet miner. The reason for needing to install the miner with a clear sky is for the miner to have clear connection to satellites. If the miner does not have a clear sky the data will show errors and you will not earns as much GEOD tokens with your miner.
Geodnet miner earnings
The Geodnet miner currently earn 24 GEOD tokens per day. The current dollar value of the GEOD token can be found here.
How to sell GEOD tokens
There are several places we can sell the GEOD token. For example on Uniswap or Quickswap. To swap on those places we first need a metamask wallet. The Geod token exist on the Polygon blockchain.
Which wallet can I store my GEOD tokens?
I use the Metamask wallet to store my GEOD tokens. Metamask is a free web3 crypto wallet that is a web browser extension wallet that anyone can use for free. To be able to buy, see and handle your GEOD tokens you need to add the "Polygon Mainnet network" to your Metamask wallet which you can do here on chainlist. If you are looking for a safer hardware crypto wallet the Tangem wallet can be used which is both the safest and easiest crypto wallet. You can checkout my review of Tangem wallet here.
Summary - Is it worth getting a Geodnet crypto miner?
Geodnet have continued to perform well over the years and proven to get more and more real-world utility. Since that is the case and that Geodnet is the leader within their sector, it seems likely they will continue to perform well. Geodnet have therefore been a favorite miner among many.