Stream mining is an emerging trend in the media world where you lease your unused Internet bandwidth to content providers to crowdsource the delivery of high-quality video. It’s also one of the most anticipated money-making opportunities of the digital age. In this article, we look at the people who make the magic happen — the stream miners — and discuss what it takes to be one.
- A Money Maker
With the desire to make profits passively, autonomously and likely with no extra skills, people try to find new ways how to do it online. According to the research of Internet trends, it becomes clear that being online for about 6 hours a day and owning smart devices, more than 4 billion people consume a massive amount of media content daily. Online broadcasting in particular, especially during world most significant events such as the FIFA World Cup or Breaking News.
What if we combine our unused Internet bandwidth at home or office via different devices that we have, and broadcasting companies and online platforms which are ready to pay us for it? We have got a high possibility to make money online with no blogging, no multilevel marketing or other fancy online earnings! How? Become a stream miner.
2. A Node
Have you ever asked yourself what is happening when you click on the “Play” button in the video player? Your computer connects to a specific device on the Internet and starts to download a video file. For smaller streaming services it might just be a single server installed in someone’s home or office. Companies like Netflix or Youtube use thousands of servers installed in data centers across the globe. The more viewers, the more servers are engaged in video delivery. A group of such servers is called a Content Delivery Network or CDN.
Being a network, CDN consists of multiple nodes which transfer parts of media content to a particular viewer, and at the same time, this viewer can be a node too, as a part of a network, if he wants. Nodes work together with the resources of the Internet bandwidth which an owner can lend getting cryptocurrency in return. This is how an Internet user becomes a node, and if he gets tokens from CDN live streaming technology, he is a stream miner.
3. A Human
Not everyone knows the fact that for lots of people mining today is not about the process or industry of obtaining coal or other minerals from a mine. It is about blockchain — powered technologies that enable people to get passive income online. That’s why the first feature of a stream miner — he is familiar with Internet trends and digital technologies. How about his portrait?
Computer geeks, IT employees, online enthusiasts. They are 20–40 years old man and women (mostly man) who study or have a job and own high-tech devices which can help them to earn cryptocurrency by using inner resources of gadgets and of the network they are connected to. Apparently, stream miners may have relationships or be single, because it is not likely to have an excess of bandwidth to lend, for instance, if you have kids.
Besides, a stream miner is keen on watching videos and online movies himself, and that’s why he knows a lot about video players, broadcasters, online tv, and their possibilities, as well as his bandwidth. With any computer as a small “mining farm,” he can participate in broadcasting by lending his Internet resources to the company he likes via CDN.
4. A Country
Stream miners may be situated anywhere in the world. However, the more the position of a miner is on the west, and in between a city and smaller towns, the higher the productivity will be (as a node) at the prime time or before the prime time comparing to more eastern viewers. Besides, the earlier you join the network, the more money you get. Stream mining is all about bandwidth’s resources lease via CDN and how long do you participate in CDN.
Nevertheless, according to the survey made by the Cable — Singapore and northern Europe are broadband world leaders with the highest bandwidth. When it comes to the Internet provision, the situation varies both by country and region. Generally speaking though, you can apply the rule that the larger and less developed the nation is, the slower the Internet access tends to be. Conversely, when the economy relies heavily on digital infrastructure, while the country itself occupies a relatively small space, as the top Internet speed countries, there is an economic necessity, coupled with the relative ease of delivering high-speed connections across a small area.
In other words, being a node in a country with higher bandwidth and faster Internet is profitable: you will definitely have idle resources with “value for money” providers’ packages, speed, and quality of the Internet connection. Here we have to point out that the penetration of the Internet goes global with difficulties in central Africa, Asia, and the islands. Meanwhile, Africa shows Internet users growth in comparing with Europe and the Americas. With average broadband speeds rising by 23% in just one year it would be easy to assume an overall positive global picture and stream mining possibilities.
However, let’s consider one region with the average Internet bandwidth and speed, South America for example, where there are not many data centers within a particular town, and there is a high demand of content downloading from the network of peers. In this case, we have the reason to become a node and to form a CDN, bypassing unreliable Internet providers. The nodes are the stakeholders of the network: the more nodes to participate, the higher the speed of downloading the data, the happier online TV companies are, the more tokens you get.
4. A Resource
Here we have a situation. The young man from Moscow likes watching sports, live football broadcasting. He doesn’t surf the web so much or play social networks. So even the standard Internet package is enough for him to use not all of it. Then, as he has got a software to download on his computer or an application for his smartphone, he signs up and the process of a stream mining will start automatically. To quit is also as simple as that — he closes an application or switches off the device he uses for stream mining, and the process stops.
There are some tips for a stream mining:
- Stable Internet connection, with any bandwidth, the more, the better;
- Smart devices of any kind — desktop computer, laptop, smartphone, VR glasses, tablet or even a smart TV or an Internet router;
- Keep an eye on upcoming live events such as the press conference with the President, important matches, concerts, talk shows, etc. How? Use the RSS on the topic, read the news and be up to date with upcoming world events;
- Lend the Internet in several ways: from work while working on the computer, from home when he’s gone out, from home when he uses devices too, from home permanently, from a mobile or another gadget permanently or during a period of time — it is all up to you.
5. A Profit
Stream mining is about the reward. It is usually an e-wallet within a software or an application for stream mining. What to do with tokens?
- Exchange to fiat money or another type of cryptocurrency;
- Use for any benefits or special offers within a marketplace;
- Hold for better days.
6. A Value
All things considered, let’s assume that become a node and lend an idle internet bandwidth is a good idea not to miss the passive income. Today people own plenty of things or pay for many services they do not use every day. When we care about better resource allocation, we make our life a little better.
What’s also worth in stream mining?
On a global scale, it concerns a very debatable topic of the cryptonomics. There are many ways how to mine the coins, but most of them inquire specific and expensive software and hardware. On the contrary, for stream mining, you need just a few lines of code to get real money for your own idle resources.
Whatever device you choose for stream mining, remember that tokenomics is made for users by users, and among a huge number of cryptocurrencies we advise to focus on ones with the stable self-regulated mechanism due to factors which reduce the price volatility. We will talk about it in next articles — a stable coin — what does it mean and how is this possible? And for now, as the video streaming market is growing, you are on the right way!
