Taking a Step Back: What is DePIN?
DePIN, short for decentralized physical infrastructure networks, are blockchains that use decentralization to coordinate physical infrastructure. This can include decentralized storage, internet, file sharing, and many other types of networks. Most DePIN networks have a native cryptocurrency that’s used to pay for network usage, and to incentivize miners and node operators to secure the network.
To learn more about DePIN and DePIN mining, check out our overview article here to answer all of your questions.
What is Hivello Beta?
Hivello can turn any computing device into a GPU miner for DePIN protocols. With Hivello, you don’t need technical expertise or expensive hardware equipment. Instead, you can use your existing computing device to mine and earn rewards.
One of the biggest benefits to Hivello is that you don’t need to commit to mining one protocol, and instead, you can toggle between different DePIN blockchains at any time, allowing you to select the network that best fits your needs and will provide the most rewards in any given moment.
What Protocols Can You Use With Hivello Beta?
As a Hivello user, it’s your choice which DePIN protocol to mine. Currently, with Hivello Beta, you can choose between three blockchain networks, each of which has its own use case and capabilities.
Mysterium
Virtual private networks (VPNs) have become an important technology in maintaining privacy and security for internet users. However, traditional VPNs aren’t as private as they seem, and can still be blocked by governments or organizations. With Mysterium’s decentralized VPN network, users can route their web traffic through a network of nodes which increases security and privacy for all users.
Mysterium node operators lend their CPU bandwidth to the network to help route web traffic for users. Users pay for their bandwidth with MYST tokens, which are then paid out to node operators for their service.
Blockchain: Mysterium
Use case: VPN
Resource: CPU
Token: MYST
Livepeer
As a video streaming network, Livepeer allows anyone to upload and stream video content in a scalable, affordable way. Livepeer greatly reduces streaming costs and eliminates censorship, allowing anyone to access video content across the globe, regardless of their location. Plus, anyone can build decentralized applications, or dApps, on top of Livepeer to add functionality to the network.
Once a video is uploaded to the Livepeer network, it is broken down into smaller pieces. Livepeer node operators, known as orchestrators, lend out their computing power and help upload and convert pieces of video from one format to another so that it’s accessible on a wide range of devices and for various uses. In return, orchestrators receive Livepeer tokens (LPT) for their work.
Blockchain: Livepeer
Use case: Video streaming
Resource: GPU
Token: LPT
Your Resources, Your Choice
Why let your computer sit idly when you could earn rewards for DePIN mining? With Hivello, you can choose between various DePIN networks to earn rewards using your existing computing device. It doesn’t matter where you live, what type of computer you own, or how much technical knowledge you have, anyone can mine with Hivello.
Sign up for Hivello Beta today and start mining crypto in minutes.
