WeatherXM Profit Calculator
Use the WeatherXM profit calculator below to estimate your daily, weekly, and monthly earnings. Calculate when you will hit ROI with your weather XM station. The current live price of the $WXM token is $0.357504 USD.
WeatherXM Profit Calculator
How does the WeatherXM profit calculator work?
The Weather XM profitability calculator can give you an estimated idea on how much you can earn with the WeatherXM weather station using a simple formula and API integration for live WXM prices.
The formula we put together to calculate your earnings and profit is fairly simple. By entering the number of weather stations you have up and running, and entering your rewards score, we can estimate your daily, weekly, and monthly earnings. We added the model of the weather station so we can calculate your days to ROI (return on investment) for your station based on current market prices.
The ROI is based on the cost of the Weather XM station and how many days it will take you to make that money back, meaning you will have your investment paid off, assuming $WXM market prices stay the same.
What is WeatherXM?
WeatherXM is Decentralized Weather Network that collects weather data and sends it to anyone who wishes to display that data via API. It’s also known as one of the many Decentralized physical infrastructure networks (DePIN) known on the market today.
This new crypto technology can streamline and lower costs to gather data by users like me and you and get rewarded for it. In WeatherXM’s case we get rewarded with $WXM, which have real value. You can sell your $WXM for Bitcoin, Ethereum or any other cryptocurrency you want. There is 3 model types of weather stations you can buy from WeatherXM:
- WB1000 | WiFi: This station costs $400 USD and connects to WIFI. It has a display screen you can set up in house and see weather data live inside your home. This station also has a solar panel but still needs batteries to function properly. It’s easy to setup and can be up and running within a hour.
- WS2000 | Helium-LoRaWAN: This $400 weather station doesn’t need to be connected to WIFI, instead it connects via the nearest Helium-LoRaWAN gateway. The Helium coverage network is several years old and has coverage almost worldwide. Buy this one fi you don’t have WIFI or want to set up your station totally autonomous as long as it has Helium coverage.
- WB3000 | 4G-LTE: This is the latest autonomous weather station but comes at a hefty price of $900 because of it’s 4G – LTE coverage. You can basically set this one up anywhere there is cell phone service. This weather station is good for rural areas and if you live out in the country. Technically if you own a bunch of land this could be a good money maker for you.
Get your own WeatherXM station here!
What’s the Rewards Score?
The rewards score is a simple way for WeatherXM to determine how many $WXM tokens to pay you on a daily basis. This number is calculated between 0 and 1 (0-100%), and the higher your rewards score, the more tokens your weather station will earn. With a 100% rewards score, you will earn the maximum number of $WXM that’s available to be allocated per month.
Your rewards score can be affected in the following ways:
- Dead batteries: While WeatherXM stations have a small solar panel, they still require batteries. Make sure to check your battery power in the WeatherXM app.
- Frozen sensor: Sometimes, the temperature sensor can freeze, and you may have to bring your station inside to warm up. Since the project is so new, the sensor might just be a glitch in the system, and fewer and fewer people are reporting frozen sensor problems.
- No data being sent: The WeatherXM station sends data to the transmitter in your house and then to the WeatherXM data center so companies can use that data. Sometimes, there can be interference, and you may have to make sure there is a clear line of sight to the transmitter or your WiFi connection.
- Too many weather stations in the hex: If there are too many WeatherXM stations within one hex, this can affect your earnings since they are too close. However, I recently checked a hex in my city with three weather stations in it, and their rewards score wasn’t affected much at all.
- Moving locations: Moving locations will give you a 7-day penalty bringing your rewards down to 0 for 7 days. This is a big OUCH! You will earn nothing for 7 days if you move your weather station to a new location while WeatherXM confirms your new location.
These are some of the most common ways your rewards score will be affected. You can read more about the Rewards Allocation Mechanism here and how rewards score can affect your earnings and profitability.
Should you buy the WeatherXM station?
This is a question you need to answer yourself. While some cryptocurrency DeFi projects have failed, some have been very successful. And of course, we can feel good about this one; how often do we come across set-and-forget types of money-making projects?
You can almost think of it as a weather station mining rig, like the old Bitcoin mining rigs and the Etherium mining rigs, however the Proof-of-Location algorithm, also known as POL, Instead of mining.
Unfortunately, there are some limits on who can set up a WeatherXM weather station. The biggest downfall is you need access to the roof of the building where you wish to set it up. So, if you live in an apartment building, you need to have either access to the roof or know and get permission from the owner. If you don’t have access, you can still buy your own weather station and ask a friend or family member if you can set up your station at their house.
The WeatherXM project is truly amazing; station owners get rewarded for simply setting up a weather station, which they were probably going to buy anyway, and weather networks receive live weather data for their own networks, lowering their cost for infrastructure.
So, if you have access to the roof of the place you’re staying in, go ahead and buy a weather station, and sit back and enjoy your earnings. To top it off, you will know the weather live at all times of the day.
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