The GEOD Mining Basics
Last updated
Last updated
The GEODNET network is comprised of reference stations known as Base Stations, which receive signals from the Global Navigation Satellite Systems (GNSS). Each station delivers precise RTK correction data through the GEODNET network to all devices situated within a range of 20-40 kilometers. Devices that connect to the GEODNET network to access enhanced accuracy data are referred to as a “Rover.” A rover can be any device equipped with a GNSS receiver, such as a car, drone, mobile phone, or tractor.
Signals received are uploaded to the GEODNET network over internet, then the Rover device utilizes the data to correct space weather and other satellite errors. Each station uploads approximately 10-20 GB of data per month.
In order to build the largest reference station network, GEODNET designed a system where individuals can purchase and install a small geodetic-grade GNSS antenna (Base Station) on their roof to provide a node to the network — all over the world. As a reward for providing these reference points, individuals are rewarded with GEOD tokens.
The Mining process is simple:
Purchase a Base Station
Install the Base Station by connecting it to the internet to start sending data to GEODNET's Cloud Platform
Earn GEOD Tokens
