GEOD Token Mining Profit Calculator
Find out how much profit you can earn with the GEODNET mining profit calculator based on the GEOD live price of $0.284685 USD. Get instant profitability and ROI results from the most popular Triple-Band miner updated frequently. You will see daily, weekly and monthly results based on the information you profile from your HEX’s location. This profit calculator assumes you don’t have a GEODNET miner yet and are looking to purchase your first one.
GEODNET Mining Profit Calculator
The GEODNET Mining Profit Calculator was created to help DePIN miners from GEODNET estimate their potential earnings from mining $GEOD tokens. The calculator taking into account various factors such as the number of miners in a Hex, whether the location is inside a SuperHex, the number of non-NFT miners, the monthly rolling reward rate, and the live price of GEOD tokens which are fetched via API and updated hourly. It calculates the Return on Investment (ROI) to estimate how long it would take to recover the initial investment based on daily earnings and a miner cost of $695 USD. Here's an explanation of how the calculator works and the formulas we used:
How It Works:
- User Inputs:
- Number of Miners in Your Hex: The total current miners in the user's Hex.
- Number of Non-NFT Miners: The subset of those miners that are non-NFT.
- Inside a SuperHex: Whether the user's location is inside a SuperHex, which can affect earnings due to multipliers earning you more tokens.
- SuperHex Multiplier: If inside a SuperHex, the applicable multiplier (up to 14x).
- Monthly Rolling Reward Rate Average: An adjustment factor representing the average rewards distribution rate, expressed as a percentage (0-100%).
- Live GEODNET Price Fetching:
- The calculator uses a shortcode or an API call to fetch the current live price of GEOD tokens.
The Formula:
- Earnings Calculation:
- Total Miners = Number of Non-NFT Miners + 1 (considering the user's own miner as an additional unit).
- Earnings Per Miner = Token Pool / Total Miners. The token pool is a fixed number of tokens (48) distributed among miners in a Hex.
- Adjusted Earnings = Earnings Per Miner * Monthly Rolling Reward Rate * SuperHex Multiplier. This formula calculates the actual earnings taking into account the reward rate and any applicable SuperHex multiplier. This is normally decided with your miners up-time.
- Daily, Weekly, Monthly USD Earnings = Adjusted Earnings * GEOD Price. These calculations convert the token earnings into USD based on the current GEOD price for daily, weekly, and monthly intervals.
- ROI Calculation:
- ROI (Days to Recover Investment) = Miner Price / Daily USD Earnings. This formula estimates how many days it would take to recover the investment in a miner based on the daily earnings in USD based on a miner price of $695 USD.
Example:
Assuming:
- There are 2 non-NFT miners in your Hex already.
- You're not in a SuperHex (so no multiplier).
- The monthly rolling reward rate is 100% (no adjustment).
- The live price of GEODNET is $2 per token.
The total miners considered would be 3 (2 non-NFT + your miner). With a token pool of 48 tokens to distribute, each miner would nominally get 16 tokens per day without considering any multipliers or reward rate adjustments. Since there are no adjustments, the adjusted earnings remain 16 tokens per day. At a live price of $2 per GEODNET token, the daily USD earnings would be $32.
If the miner price is $695, then the ROI would be calculated as $695 / $32 = approximately 21.72 days to recover the investment, rounded to the nearest day for simplicity in the calculator output.
This calculator is not financial advice and you should always do your own research when making those decisions, our calculator can be off sometimes due to changing circumstanced from the crypto mining world. GEOD Tokens are paid to miners once a day.
The Rewards, The Community, And More...
What is GEODNET? Here's how Geodnet.com explains it.
GEODNET Network is a type of RTK network utilizing blockchain as the base framework, with a token as an incentive method to build, expand, maintain the network itself. Also, GEODNET Network provides cryptographic guarantees of data transmission, location servicing, and data ownership authenticity.
geodnet.com
In simple terms it's another great DePIN project still fairly new, at the time of writing this there are 4465 miner deployed over 123 countries. GEODNET is short for Global Earth Observation Decentralized Network and was founded in 2021.
Trying to figure out how many $GEOD Tokens can be earned was a bit complicated when reading GEODNET's whitepaper and Tokenomics, it's a lot to take in as there's several important factors to consider.
Since the GEODNET DePIN project is fairly new you are lucky and chances are you will be the first miner inside your HEX, meaning you will receive 48 GEOD tokens per day assuming you have 100% up-time. Unless you're lucky enough to be inside a SuperHex, which can multiply your earning up to 14x.
Thanks to the GEODNET community over on Discord they did a great job of simplifying the rewards mechanism for me. It was much easier to create the simplified calculator with the answers they had, here are some of the basic rules for the GEODNET mining calculator:
- Rewards are halved every year on June 30th
- If your location is inside a SuperHex, you could earn up to 14x
- If you have a high rolling average rewards rate over (98%) for a certain amount of time you will become an NFT holder giving you more benefits, meaning you don't have to share your 48 tokens with anyone else
- non-NFT miners share the rewards pool (48 GEOD) between all non-NFT miners in their current Hex
- NFT miners are identified by the purple circle around their blue dot on the GEODNET coverage map
GEODNET Has Multiple Vendors
GEODNET uses multiple compatible vendors for their satellite miners.
• HYFIX.AI: Specializes in high-precision IoT products globally.
• EUGEO.IO: Offers GEODNET support, focusing on agriculture and scientific applications in the EU and Eastern Europe.
• TechnostoreX: Concentrated on DePIN networks in Turkey and the MEA region.
• Rock Robotic: Expertise in drones and LiDAR scanning with global reach.
• EASYNAV.XYZ: GEODNET mining, RTK service, and location hosting in the EU and new service regions.
• Mapping Networks: Web3 IoT projects and DePIN in Canada.
• Hepta Networks: LoRaWAN, GNSS, and location hosting in India.
• Moss Geospatial: Specializes in surveying across North America.
• Fresh Miners: Focused on DePIN and crypto mining in the Netherlands.
• B.XYZ: DePIN and DeWi services in Asia.
Final Thoughts
If you’re like me and are addicted to new DePIN projects, and believe in them, then you should give it a go. This is one of our top 4 DePIN mining projects in our opinion. GEODNET is still early enough to possibly make you rich in the future, get yours mining now before the market gets saturated. This is not financial advice, do your research and make your own choices.