Latest DePIN Mining News

Decentralized compute networks are emerging as a sustainable solution for the energy-intensive GenAI industry. By utilizing underutilized hardware and edge nodes, these networks can balance computational loads, reduce latency, and reward power suppliers with tokens. This approach not only promotes efficient energy use but also democratizes access to high-performance computing resources, making advanced AI tools more accessible to small businesses. As the GenAI industry grows, decentralized networks offer a greener and more inclusive path forward.

Decentralized physical infrastructure networks (DePINs) are poised to revolutionize the use of shared computing resources like GPUs and routers, making web3 mining accessible to everyone. Despite a market capitalization exceeding $20 billion, the DePIN sector faces challenges in adoption due to the complexity of blockchain technology. User-friendly applications are essential to simplify DePIN technology and lower the entry barrier, enabling broader participation in the digital economy. DePINs can democratize access to decentralized networks, enhance data sovereignty, and cut costs. Examples like Teleport, a decentralized ride-sharing service, demonstrate the potential of DePINs to create fairer and more sustainable business models.

Undervalued cryptocurrencies are gaining attention with potential for significant growth. Nosana (NOS-USD), a decentralized GPU grid, allows users to share computing power and earn rewards in $NOS tokens, showing a 1,000% increase since March. The Render Network (RNDR-USD) enables GPU owners to rent their computing power for various industries, with a 1,125% rise since July 2022. Ondo (ONDO-USD), a DeFi platform, aims to provide institutional-grade financial services to everyone, with ONDO tokens surging over 300% since the beginning of the year.

Roam, a DePIN project, has reported significant growth in June, with over 464,000 active app users and 333,000 deployed nodes worldwide. The project has achieved over 321.6 million Roam Points for conversion to $ROAM tokens post-TGE. Roam's community engagement is evident through the Roam x OKX Wallet Giveaway event, which attracted over 100,000 participants. The project has also launched on the Solana Mobile dApp store, integrating with the world's most Web3-focused phone, the Saga phone, to provide faster load times and superior connectivity. Roam has partnered with APhone cloud devices and Coral App to enhance WiFi roaming and introduce Roam miners for new connectivity and earning opportunities. MetaBlox Labs, the developer of Roam, has been recognized by the Wireless Broadband Alliance as a Certified Access Network Provider for OpenRoaming™, reflecting Roam's commitment to seamless and secure WiFi access.

Decentralized physical infrastructure networks, or DePINs, are rapidly expanding in the blockchain industry. With over 1300 projects and growing, DePINs are transforming various sectors by incentivizing individuals to contribute resources and data. From health tracking rings to WiFi hotspots, browser extensions, and vehicle monitoring devices, DePINs offer innovative ways for users to earn rewards while providing valuable services and data. The new generation of DePINs is focusing on demand-led growth, lowering barriers to entry for contributors, leveraging speculation, and maintaining centralized control during the early stages of development. Projects like Spexi, Natix, and 3DOS are examples of how DePINs are evolving to build sustainable and impactful networks. As the DePIN industry continues to mature, we can expect even more innovation and positive real-world impact from these decentralized infrastructure projects.

Decentralized Physical Infrastructure Networks (DePin) are revolutionizing technology by facilitating decentralized initiatives in real-world infrastructure. Nuklai has partnered with Filecoin to archive global data, enhancing AI capabilities with comprehensive data insights. The collaboration will leverage Lighthouse Storage's solution for efficient data storage on Filecoin's decentralized network. Meanwhile, the Opentensor Foundation has outlined post-hack recovery plans following a security breach that led to a loss of 32,000 TAO tokens valued at approximately $8 million. Lastly, Silencio, a decentralized app combating noise pollution, has reached a milestone of 5 million check-ins, utilizing a community-driven approach on the PEAQ blockchain.

Chia has released version 2.4.0 of its reference client, which includes a soft fork and several new features to enhance performance and security. Key updates include the full implementation of the new wallet sync protocol introduced in version 2.3.0, enabling real-time updates for relevant transactions in the mempool. Additionally, observer wallets have been introduced, allowing users to view their wallet's history and balance without storing private keys locally, thus improving privacy and security. The block fill rate has also been increased to 70%, with plans to raise it to 100% by the end of 2024, aiming to achieve a network speed of around 40 transactions per second (TPS). The release also includes a soft fork to align the BLS implementation with industry standards, which will activate at block 5,940,000, expected in September 2024. Users are advised to upgrade to version 2.4.0 or later before this block. Lastly, support for macOS 11 (Big Sur) will be discontinued in the next release, as Apple ended support for this version in September 2023.

DePIN offers hobby miners a new way to earn by mining crypto directly from the source. The sector separates speculators from those willing to make a change through physical commitment and reward systems. Users can contribute to DePIN projects without altering their daily routines. Two devices to consider are WeatherXM, which rewards users for contributing to a decentralized weather network, and GEODNET, which improves satellite navigation accuracy through a decentralized RTK network.

Decentralized Physical Infrastructure Network (DePin) projects are gaining attention despite the current downturn in the crypto market. Experts predict a strong resurgence, particularly for AI-integrated DePin initiatives, which represent cutting-edge innovation and adaptability. Crypto trader Kazi highlights six DePin projects with explosive growth potential. Cosmic Network (COSMIC) offers online privacy through decentralized VPN services, while Blendr Network (BLENDR) focuses on decentralized GPU computing. DSync, part of the Destra Network, combines decentralized cloud solutions with GPU networking. HashAI (HASHAI) integrates AI with mining strategies, and ATOR Protocol enhances the Tor network through blockchain incentives. OpSec uses AI to improve blockchain infrastructure, focusing on security and privacy. These projects face risks from market volatility and competition but offer transformative potential for investors.

Decentralized Physical Infrastructure Networks (DePINs) are revolutionizing the way physical infrastructure is managed by combining blockchain technology, token incentives, and IoT. DePINs allow for the decentralization of large-scale projects traditionally overseen by governments and corporations, such as electricity grids and waste management systems. Pioneer projects like Power Ledger and OpenBazaar laid the foundation for DePINs, demonstrating blockchain's potential in energy distribution and e-commerce. DePINs operate through a combination of blockchain, IoT, token incentives, and smart contracts, enabling decentralized ownership and control of infrastructure. They categorize into Physical Resource Networks, focusing on tangible resources and supply chain management, and Digital Resource Networks, which provide backend cloud support for industries like computing and storage. DePINs are a significant web3 application, connecting service providers with end-users, ensuring infrastructure decentralization, and offering cost and speed benefits. As DePIN technology evolves, it is expected to drive further growth and transformation across various sectors.