PKT Mining
Monetize unused internet bandwidth
Setup a WalletPKT incentives people to operate, connect and maintain network infrastructure around the world. This is accomplished by mining the PacketCrypt proof of work, the world's first and only bandwidth-hard layer 1 protocol.
“Miners are paid in PKT Cash every 60 seconds“
PacketCrypt Protocol
The PacketCrypt protocol is designed to reward miners in PKT Cash for transferring data around the world. Mining PKT utilizes 2 distinct stages: announcement mining and block mining. PacketCrypt incentivizes efficient communication between nodes and requires high CPU encryption plus maximum bandwidth throughput to optimize yields.
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Announcement Mining
Announcement Mining creates a small (1KB) message that is difficult to compress and proves work was done. Announcements are transmitted to and collected by block miners to form blocks. This simulates the transmission of data across the network. Announcement miners must maximize their CPU processing power and bandwidth upload speed for the highest yields.
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Block Mining
Block mining involves setting up a mining pool. PKT mining pools require expert networking experience, significant hardware and bandwidth infrastructure with a minimum of 25 gbps of bandwidth ingest. Block miners gain efficiency on the difficulty of the work, based on the amount of new announcements they have in memory at the time of mining. This incentivizes mining pools to pay announcement miners to supply announcements.
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PKT Cash
PKT Cash is the native cryptocurrency paid to PKT miners. Its minimum value is the cost to mine the coin, which includes processing power, plus bandwidth. PKT Cash is a Bitcoin fork, not a token, so there is no centralized issuer, no gas fees, and is Lightning Network ready for micro-transactions.
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PKT Network
The PKT Network is a decentralized, ultra fast network that is connected to the global internet and powered by the people mining PacketCrypt. This high speed edge network enables infinite use cases, including free VPN, decentralized bandwidth trading, mesh networking and low cost internet access, to name a few.
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The PKT Network is a decentralized, ultra fast network that is connected to the global internet and powered by the people mining PacketCrypt. This high speed edge network enables infinite use cases, including free VPN, decentralized bandwidth trading, mesh networking and low cost internet access, to name a few.
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Ask the community
The PKT community is built around supporting the greater vision of decentralizing access to the internet and getting the next 1 billion people online. While each announcement miner and pool owner is operating a competitive business, collaboration and camaraderie is the essence of acommplishing the roadmap and supporting the growth of the PKT Network.
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