Introduction
In our first onboarding article, we briefly touched on the earning opportunities in DePIN. While it’s true that DePIN has a lot of potential to help people use resources more fairly, take better care of the environment, and, overall, create good practices for the future, there’s no reason you shouldn’t explore ways to build some passive income through it. After all, with $15 million in on-chain revenue (that's money made from blockchain stuff), the DePIN sector is proving there's serious potential for users to earn a pretty penny.
However, it's not a one-size-fits-all situation; your success may depend on a few things. For example, the number of devices you have connected can make a difference. Plus, your involvement in any referral programs can help boost your earnings. And let's not forget about the tokens you earn for sharing your data – their price isn’t set in stone and can change based on the market, so what you earn can be worth more or less over time.
Even though it’s always a good idea to keep your expectations grounded since results can vary, no one can deny that DePIN has potential as a side gig. So, today, we're diving deeper, showing you some real use cases and explaining how AYDO fits into the picture, making it a snap to cash in more while being part of something impactful.
DePIN Use Cases for (Potentially) Earning Some Extra
- Running a DePIN weather station
Ever thought about setting up a weather station in your backyard? Well, not only can you geek out over all the data they collect, but you can actually earn money by sharing that info with networks that need weather and environmental data for things, like climate research companies. Once you’ve got everything set up, your devices can quietly work in the background, gathering data, and you’ll get paid for it without lifting a finger.
There are several projects that reward users in the form of tokens for sharing weather data. To participate, you’ll need to buy a specialized weather station that ranges from $400 to $900, depending on the type of station you choose. But keep in mind, sometimes having just one device isn't enough, and it can take a bit of time for the station to pay itself off before you really start seeing earnings.
- Creating up-to-date maps
You can also earn money through DePIN by helping create up-to-date maps using a dashcam while driving around. This is a cool way to turn your everyday trips into a chance to earn cryptocurrency (digital money). Here’s how it works: you install a special dashcam in your vehicle that records your surroundings while you drive. The dashcam collects data about the roads and uploads it whenever it has WiFi access.
To start off, most of the time, you’ll need a special dashcam that costs $500, or more. Most of these cameras capture the necessary data and upload it when connected to WiFi. For an additional $100, you can opt for a device that supports cellular data connectivity as well.
- Renting out storage space
You can earn with DePIN by sharing some of your extra hard drive space, which is basically the storage on your computer where you keep files, photos, and apps. It’s pretty simple: instead of letting that empty space go to waste, you can let it work for you. Think of it like renting out a room in your house. The more space you have, the more you can earn.
Believe it or not, there are projects looking to get their hands on any spare space you have on your hard drive, and they're happy to give you tokens as a thank-you for letting them borrow it.
If you have some unused storage on your computer, you can share it and make some money. But, to really get into this type of business, you’ll need a decent setup, and a good farming rig (a setup of hard drives) can cost anywhere from $2,000 to $5,000.
So, sure, you can earn with DePIN, but most DePIN setups need specific sensors to collect data, and those can be pricey, not to mention how long shipping can take. Plus, it might take a few months before you start seeing real returns.
Thinking there’s got to be a quicker way? With AYDO, there is!
AYDO Helps You Earn From DePIN Using Your Own Devices
AYDO offers a more accessible option for all of you who want to earn with DePIN but don’t want to deal with specialized hardware upfront. Acting as a bridge, AYDO lets you use IoT devices you may already have (your smart home camera or motion sensor) and connect them to over 7,000 devices, DePIN projects and AI platforms. Keep in mind that AYDO's software is designed to work with a whole lot of IoT devices, about 90% of what's out there.
Now that we’ve mentioned motion sensors, you might be wondering how you can earn from the data they collect. Well, there are plenty of projects that are interested in this kind of data! For example, security firms that do the monitoring, companies tracking the movement of vehicles, or smart home projects looking to improve energy management for homeowners.
So, if you want to stream data using a motion sensor, AYDO allows you to get started right off the bat. Instead of purchasing expensive devices that may cost hundreds of dollars, you can connect a regular motion sensor available on Amazon for just $25 to $40 to the AYDO software. In this way, you save money that you can invest in five or more additional sensors to multiply your future income with our platform!
Once your device is ready to communicate with AYDO, you’re all set to start earning! Simply pick a DePIN solution from the list in the AYDO Dashboard app, start streaming your data, and watch the rewards roll in as you get tokens from the chosen project.
Conclusion
At the end of the day, AYDO makes it super easy to turn your gadgets into money-makers without breaking the bank upfront. You get to use the devices you already own and start earning from the get-go, which is pretty awesome. It’s all about making the most of your tech while keeping things hassle-free. So, if you’ve got some IoT gear lying around, why not put it to work for you?
And trust us, this is just scratching the surface! Our next article will give you a full picture into why getting in early on DePIN and crypto could really pay off. Until then, be sure to connect with AYDO and follow us on social media – X, Telegram, and Discord for more updates!