You can earn PKT Cash when you plug your Cube into your Internet at your home or office. The Cube runs an algorithm called PacketCrypt that proves you have an Internet connection and pays you every 60 seconds.
PKT Cash is the first coin that is generated by using bandwidth. Unlike other proof-of-work (PoW) or proof-of-stake (PoS) currencies, PKT Cash requires people to prove they have bandwidth to mint new coins. Additionally there was no pre-distribution of coins. Every community member has an equal opportunity to earn PKT Cash. And is required to provide infrastructure to the PKT Network in order to get paid The Cube provides a plug & play solution for minting PKT Cash, which you can turn into your local currency at any time.
Yes. You can earn PKT anywhere in the world as long as you have an internet connection. Routie shipped globally and the algorithm works regardless of which country you live in. In fact there are currently people mining in over a dozen countries.
Routie allows users to pay their bills with the PKT they earn. This means that pkteers can mine PKT from their internet and then pay their internet service provider with those same coins, as well as other utility and streaming services. This product will roll out in Q4 2021. Additionally there are numerous other use cases rolling out in the coming months such as VPN access and online shopping.
PKT Cash provides an economic incentive for people to contribute infrastructure to the Network. The more bandwidth people prove to be available, the bigger and more robust the PKT Network becomes. Eventually the available bandwidth will be able to be tokenized and you can start sharing your internet with their community. This allows each Cube owner to become an Edge ISP and decentralize access to the internet to your local neighborhood.
You can contribute to the PKT Network by plugging a Cube into your Internet. By proving you have unused internet to the PKT Network you are paid in PKT Cash, which you can turn into any currency of your choice.
The PKT Network is end-to-end encrypted. In fact, part of the mining algorithm your Cube is being paid to perform is encrypting the network. This means that the PKT Network is safer and more secure than your current internet. Other applications you might know that are end-to-end encrypted are WhatsApp and Signal Messenger. This encrypted network makes the internet safer for all.
Initially no one is actually using your spare bandwidth, you are just proving you have bandwidth and encrypting traffic on the network. That is why it is called a Proof of Work (PoW). Later you will be able to enable your Cube to do WiFi-Sharing, where you can resell your internet bandwidth to your local neighborhood, creating a local and global mesh network. This will be an additional revenue stream and is optional to enable.
Announcement mining is uploading non-compressible data created by your device to the network, which proves you have bandwidth. Block mining is the downloading of those announcements and securing them into the blockchain. Cubes are edge announcement miners to provide connectivity in your home or office. Block mining can only be done within a pool at the datacenter hosting the pool. At this time Routie only enables Announcement Mining.
Cubes allow for users to do multi-pool mining. You do not need to bet on which pool is the best when you can earn from all of the pools. Routie optimizes your mining to provide the best yields available on your equipment.
Cube comes with a wallet. But if you would like additional wallets you may install them on your desktop.