Bernd Lapp on how to earn crypto by selling unused bandwidth via AVADO
This is a guest post by our partners over at Avado.
Two months ago I started to run a package on my AVADO Blockchain Computer called Mysterium Network. This package installs a VPN endpoint on my computer which allows me to sell unused bandwidth to other users. For sharing the bandwidth, I receive a monthly payment of up to 50 USD in Ether (you can find the exact payment rules here). But first, let’s take this step by step.
What is AVADO
AVADO is a blockchain computer that provides access to Web3 applications. Web3 is the internet of value, also known as the blockchain economy. It’s powered by many decentralized applications (DApps). Think of AVADO like your modem which you need to interact with the blockchain. You don’t have to have any knowledge of the blockchain itself, you can choose applications that are built on the blockchain from the integrated DAppStore. Check out the website https://ava.do for more info.
Mysterium is one of these Web3 DApps
Mysterium Network has created a dVPN for private internet access, and it’s all peer to peer. By selecting the Mysterium package from the AVADO DAppstore, you can sell unused bandwidth and earn crypto online. Why use a VPN? Because information should be available to anyone; firewalls, geo-blocks and censorship erode democracy and freedom of expression.
”You can help the internet to be great again, deserving of its name - World Wide Web.
By transforming your AVADO Box into a secure VPN connection, people in censored countries can buy VPN services from Mysterium Network. They gain access to information which their governments want to block from their view, like information on the Coronavirus. You can help the internet to be great again, deserving of its name – World Wide Web. All you need is a stable connection and Mysterium’s easy to use DApp, so you can be in sleep mode while your AVADO earns crypto for you.
How does the Mysterium Network VPN work?
Mysterium Network has two modes: accept all traffic, or send only whitelisted traffic. Their decentralized architecture distributes traffic across the network using an advanced sharding technique. It scrambles and encrypts all data so that no single node ever has the full picture of what the user is doing. Mysterium Network’s layered protection protocols are designed to preserve your privacy – both as a user and a node. Your AVADO Blockchain Computer becomes one of the endpoints for people using the Mysterium Network.
If you want to earn crypto with the AVADO Box, what do you need to do?
First of all, you need an AVADO Box. We ensured that the Mysterium Network package runs without friction on this hardware. You can find the Mysterium Package in your AvadOS DAppstore. Over time, other DApps that rent out your disk space or processing power will be added to the DAppstore.
What are my crypto earnings like?
As stated above, my Mysterium package has been running for two months now. In February I already earned 40 USD worth of Ether from participating in their Node Pilot, a research and development initiative they have been running to understand network dynamics as they gear up for mainnet. This month is halfway through and I am the second-highest on the leaderboard for my country. What’s even more interesting is seeing which countries are using my endpoint. In my list, I see people from Russia, China, Iran, Nigeria, Turkey, Uganda, Vietnam, and many more countries. This gives me a good feeling that besides earning money, I am helping people to access information their government wants to restrict. I hope more people from these countries will use Mysterium and overcome censorship.
I hope to see you on the leaderboard soon as well and help free the web.
Written by Bernd Lapp: I am a former Advisory Board Member of the Ethereum Foundation, Founder of AVADO, Country Manager for CasperLabs and Advisor to a few Blockchain based Projects. I like to simplify things. Nothing written in my blog posts is scientifically researched and only reflects my personal point of view. I use naive logic and have come quite far doing so. If you like my posts, please feel free to follow me here or on Twitter or LinkedIn. Learn more about our partnership with Avado.