Mining

(Please read this overview if you intend to purchase this class. It’s essential!)

What is Mining?

Mining is the process of verifying user transactions and adding them to the blockchain’s public ledger. A “miner” is essentially a computer or node that collects transactions, organizes them into blocks, and secures them on the blockchain.

Our Introduction to PlanetWatch

We launched this class after discovering PlanetWatch in Q4 2021. PlanetWatch is a decentralized environmental data network that leverages blockchain technology to monitor air quality. PlanetWatch aims to build a global, real-time air quality monitoring system by incentivizing individuals and organizations to deploy sensors and contribute environmental data.

The model worked as follows:

1. Users Purchased Sensors – Individuals like you, and I bought air quality sensors from PlanetWatch or Atmotube.
2. Real-Time Data Transmission – These devices collect environmental data and transmit it to PlanetWatch.
3. Data on the Blockchain – The data was stored on the Algorand blockchain, ensuring transparency and immutability.
4. Earning PLANET Tokens – Users were rewarded with PLANET tokens, the native cryptocurrency of the PlanetWatch ecosystem, for contributing data.
5. Monetization & Revenue – PlanetWatch sold the collected data to governments, organizations, and researchers, generating revenue for the company while sustaining user rewards.

Why We Discontinued the Class

While the project initially showed promise, we decided to stop offering the class due to the following reasons:

• Network Saturation – As more users joined and deployed sensors, the available rewards were spread across a larger pool of participants, reducing individual earnings.
• Reduction in Token Rewards – PlanetWatch periodically adjusted its token distribution model to prevent inflation and maintain long-term sustainability, further decreasing payouts per device.

Did We Make Good Returns?

Yes, as early adopters in late 2021, we benefited significantly. At its peak, our Atmotube device generated Ksh. 2500 per day, per unit, amounting to Ksh. 70,000 monthly in passive income from data collection. However, as more people joined and awareness grew, primarily through YouTube, the rewards declined.

Key Lessons Learned

• Mining small-cap projects can be profitable, but primarily in the short term. Early adopters often benefit the most, as rewards tend to decrease as the network grows.  
• Project viability is crucial. For rewards to remain sustainable, the project must generate significant revenue from its data sales. In this case, the demand for air quality data did not scale enough to sustain higher payouts for users.  
• Timing is everything. To maximize returns, it’s essential to enter early, but understand that such opportunities are often time-bound unless the project achieves long-term viability and high demand.  

Why We No Longer Recommend This Class for Returns?

Given the decline in rewards, we discontinued offering this class for those seeking financial returns. While the class remains available for knowledge-based learning, it may not be the best option if your primary goal is profitability.

What’s Next?

We are developing an in-depth Crypto Mining Masterclass, where we will cover:

• How to identify promising mining projects.
• How to conduct thorough research before investing.
• How to assess the best entry points for maximum returns.

Stay tuned for its release! Subscribe to our email list to be the first to know when it drops.