Non-Fungible Miners Leap Towards Innovative Mining
What is Nitro Network ?
Nitro Network is a decentralized private communication network (PCN) powered by the infinite potential of IoT technology. The Nitro Network ecosystem leverages the blockchain using 3G, 4G and 5G networks to drive mass adoption of crypto assets. Moreover, Nitro Network is combining DeFi and NFTs through its flagship product, the Non-Fungible Miner (NFM).
Nitro Network NFMs allow all holders to mine Nitro Network’s native token, NCash, by simply staking it through their dashboard. The concept of a digital miner offers people a chance to experience crypto mining without all the hassles of traditional physical mining such as purchasing expensive hardware and extensive technical setups.
How do Nitro Network NFMs work?
In the robust and interconnected system of Nitro Network, all moving pieces work in unison to power it. NFMs work in a very intuitive way that allows for collaboration across multiple users in the Nitro Network. In order to digitally mine NCash, Nitro Network NFMs utilize the spare bandwidth provided by verified Nesters on the Nitro Network platform.
This allows for synchronization in the Nitro Network and also encourages inclusivity among users. Moreover, this will enable users to earn daily rewards from digital mining via an NFM, as well as earning rewards by serving as a Nester, or Wi-Fi point, in the Nitro Network.
Traditional mining versus digital mining
Traditional mining, also referred to as graphic processing unit (GPU) mining, has always been looked at as a practice for the well-off due to its high cost of entry. In order to traditionally mine crypto, a user must purchase multiple GPUs and run programs on the computer to interact with the blockchain they are mining for. This may sound like a simple task, but it really isn’t.
Apart from the existing technological know-how a user must possess before traditionally mining, the wait time some users encounter to receive their GPUs has surpassed the 12-month mark due to high market demand. Moreover, traditional mining brings with it a plethora of other adversities, such as prohibitively expensive electricity bills, constant maintenance requirements and a large carbon footprint.
Digital mining via Nitro Bot NFMs on the other hand, is an innovative technology pioneered by Nitro Network which allows for users to digitally mine NCash while eliminating the common issues of traditional mining. The best part is that users may purchase as many Nitro Bot NFMs as they please because these NFMs are represented in the form of NFTs! With this forward-thinking ethos in mind, Nitro Network is reducing the carbon footprint of those who choose to mine crypto.
NFMs support a utility-driven economy
NFMs are great assets to have in your wallet as they work like DeFi tools and look like visually appealing NFTs. Nitro Network’s digital miners are spread across three tiers, Tiers 1, 2 and 3, which all provide generous rewards:
- Tier 1: 95.69* NCash
- Tier 2: 80.00* NCash
- Tier 3: 24.18* NCash
Apart from the monetary value that NCash possesses, it will also be the fuel for Nitro Network. With the entire protocol centered around NCash, accumulating as much as possible could work wonders for the future of Nitro Network.
Moreover, users now have the ability to stake NCash through Nitro Network’s Staking Portal and earn 90% APY!
Make sure you hop on the Nitro Network rocket before it blasts off. Secure your NFM today!
About Nitro Network
Nitro Network is building the largest decentralized private communication network powered by IoT combined with LoRaWAN and 3G/4G/5G. This hyperconnected world will enable unlimited use cases in our everyday life. Participants of Nitro’s decentralized PCN are part of an inclusive ecosystem that they own, operate and earn from. Nitro’s PCN will be a game-changer and has its proprietary token, NCash, at its core. On Nitro Network, everybody wins!
Disclaimer: This is not investment advice. Please do your own research before investing in any avenue. The information contained in this post is for informational purposes only. You should take independent advice from a professional or independently research and verify any information that you find in this post and wish to rely on, for the purpose of making any decision. Through this post, you may be able to link to other websites which are not under the control of Nitro Network. We have no control over the nature, content, and activity on those sites. The inclusion of any links does not imply a recommendation or endorsement of the other website, its products, or views.