DePIN for short stands for Decentralized Physical Infrastructure Network. You might know it best by Helium which is a blockchain tech that has you buying hardware to create a wireless cell phone network. In theory this sounds great but in practice the reach of these networks is small and seem to only really reward those in heavy traffic city areas.
But since then DePIN has been blowing up and there are now more choices than ever to support these types of networks. Today I want to take a look at a number of these.
*This article is for entertainment purposes only and is not financial advice. Do your own research before investing and understand the risks.
DePIN can currently be broken down into two main areas.
PRNs which are providers in the network that contribute hardware resources. These relate to things like connectivity, mobility, energy and similar items.
DRNs which are digital resource providers. These contribute things like computing power, shared bandwidth and storage to the network which seems to be the more popular of the two at the moment it's easier to get involved.
Now lucky for us applications are getting better at making it easy to get started with them. Simple apps simply have to run with an account in order to start providing to these DePIN networks and earn rewards. This I believe is only the start of where real CPU and GPU power from your systems will start being used for productive things besides simply just securing a blockchain.
Grass network honestly blew me away in fact I bet it blew a lot of people away. I got started with this project at the start of the year and all that time simply ran it in the background with no work. It just ran on my system. When I could claim the airdrop (and then sold) I had made nearly $1,000 without any referrals at all. That's crazy! I continue to run this node just to see what happens. It currently has a good token value of $3 per grass.
Grass shares your network with others so there's always some type of risk with these I would recommend always doing it on a system which you don't store anything personal.
Honeygain has actully been around for a long while but it's adapted and moved on to a token. Their JMPT token which honestly has done well. Launched in 2022 the token spiked at $2 a token and now is on a very slow upward trend at $1.08 from it's base line of $1 a token. This one most likely is the easiest to get setup and running and is the most passive and one of the most active in terms of earnings.
Gradient network is another share platform but once again super easy to get started with. Adding a simple plugin to your chrome/brave/or other chrome style browser will get you locked in and earning rewards.
There's honestly a ton of these applications of which I'm trying out a lot of them so perhaps we do a more detailed earning report on them here in a bit. I'd like to pull data and earnings as there have been some which don't pay out hardly anything because no one is using their platform.
In any case I believe DePIN is going to be one of the core focuses in this next bull run. There's a lot of solid things already in place and one of these is bound to take hold.
