The Easiest Way to Mine Crypto in 2022

Until now mining crypto has been an expensive (albeit profitable) endeavor requiring;

  • Costly equipment,
Traditional Bitcoin, Ethereum and other token mining occurs in data warehouses whereas new Low Power Mining is usually distributed and dispersed with one miner per location.

In traditional Bitcoin mining, the barriers to entry are high for the normal user. Today, things in the mining world are changing and doors are opening up to just about anyone expressing interest in contributing to a project’s service or offering. This new (low electricity consuming) class of miners have been created to provide world wide services with Low-Power (LP) products, making it easy for dispersed networks to be built and utilized by individuals in private homes and businesses quickly becoming the new darlings of Passive Income.

What are the easiest ways to mine crypto currency in 2022?

  1. Deeper Networks

About Deeper Network [$DPR]

What is the Deeper Connect Pico?

The Deeper Network technology uses a worldwide distributed mesh network built using the Polkadot [$DOT] blockchain with a focus on network security, sharing economy and privacy, empowering any internet user. Already onto its 6th generation hardware device called the Deeper Connect Pico, following on the success of the Deeper Mini with over 30,000+ working nodes around the world. The decentralized communications network of Deeper Network will provide a gateway for billions of people into Web 3.0.

  • Peer-to-peer

What are Deeper Network’s Use Cases?

  • Decentralized Private Network & P2P Bandwidth Sharing

How Do I Mine DPR?

DPR is Deeper Network’s native token. DPR’s value is created from its users’ usage of decentralized services and applications on the network, as well as the incentive to stake and mine $DPR. In order to use a Deeper device to mine you will need to purchase and stake at least 1000 $DPR tokens. See our recent blog post on how to get started staking and mining $DPR tokens and purchase your first Deeper device here.

How much DRP is reserved for mining?

6 billion DPR of which 60% of that is reserved as mining rewards for users of the Deeper Network.

Get a Kucoin account here and start staking your $DPR today

About Helium Network [$HNT]

What is Helium Cryptocurrency Mining?

Helium is a global, distributed network of multiple communication networks. Helium’s hotspots (or gateways) create public, long-range wireless coverage for LoRaWAN-enabled IoT devices, 5G wireless phone and text coverage all on their purpose-built communication Helium blockchain.

What is HNT?

Helium enabled hotspots capture, move and validate data, for that, the owner or host of a hotspot is compensated in $HNT, the native cryptocurrency of the Helium blockchain. The Helium blockchain is a new, open source, public blockchain created entirely to incentivize the creation of physical, decentralized wireless networks. Today, the Helium blockchain, and its hundreds of thousands of hotspots, provide access to the largest LoRaWAN Network in the world as well as a growing 5G mobile network.

What are HNT’s Use Cases?

  1. Sensor’s — LoRaWAN (branded by Helium as LongFi)

To manage and trade your earned HNT you’ll want to have Binance, Binance U.S., Crypto.com, Kucoin or FTX PRO account.

How Do I Mine HNT?

Purchase an HNT miner with an understanding that you will want to optimize for the below reward types. Using Hotspotty will help you to find the best location for placement and educate you on how to improve earnings.

About 61% of Helium’s HNT Mining Rewards 2,500,000 monthly tokens go to ‘hotspot’ miners

About PlanetWatch (Awair) [$PLANETS]

PlanetWatch is working to improve environmental monitoring worldwide and help protect public health utilizing the Algorand [$ALGO]blockchain. They are building the first global, decentralized, permanent air quality ledger. With a veteran team, the project has been leading the way in the environmental monitoring and opening a larger path for others who want to more legitimately utilize carbon credit management on chain.

What are PLANETS?

$PLANETS are utility tokens issued when a sensor sends valid air quality data to PlanetWatch.

How do I Mine PLANETS?

First you must buy a PW Sensor and license. Once your device is setup, data is then past to and recorded on the Algorand blockchain. All sensors streaming valid data earn token rewards.

PlanetWatch provides a tool allowing the sensor owner to split rewards with a third party (e.g. a friend hosting the sensor).

Today’s network of sensors and made of:

  • Individuals who care about the environment (PlanetWatchers)

This mixed approach allows PlanetWatch to rapidly deploy low-cost, high-density air quality monitoring networks which fill a data gap in other government based air quality monitoring networks. PlanetWatch’s current focus is on outdoor air quality but we should see expansion around environmental monitoring in the future related to air quality and related monitoring.

Sign up here on MEXC to trade $PLANETS and receive 10% off trading fees

Synopsis of 3 miners highlighted above:

1. Deeper Network mining

  • Pros

2. Helium Network mining

  • Pros

3. PlanetWatch (Awair) Mining

  • Pros

While all of the above projects have their pros and cons, it’s not a requirement to choose one token to mine over the other — all can be mined non-competitively. All three of these projects are easy enough to mine if you have the basic ability to follow instructions and troubleshoot when roadblocks occur. I find that Reddit and Discord and been helpful resources when setting up and looking for answers on one-off problems.

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Alpine Capital Markets is a cryptocurrency & DeFi strategy & analysis firm that discusses notable up-and-coming blockchain-based projects.

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