How Do WeatherXM Rewards Work?

How Do WeatherXM Rewards Work?

WeatherXM is an exciting project that helps collect weather data and rewards you for doing it. Think of it like having your own little weather station at home. You set up a device outside, and it measures data such as temperature, wind speed, and rain. The data is then shared with the WeatherXM network.

You can earn special tokens called $WXM by sharing this weather information. These tokens can be traded or withdrawn for money. It’s a fun and easy way to help gather important weather information and get rewarded for it!

Let’s get into details on how it works.

How Do WeatherXM Rewards Work?

WeatherXM rewards users for collecting and sharing weather data through their personal weather stations. The process is straightforward and easy for anyone to participate in and earn rewards. 

Setting Up Your Weather Station

To earn WXM tokens, you must set up a WeatherXM-compatible weather station. These stations measure weather parameters like temperature, wind speed, and precipitation. 

Setting up the station is simple:

  1. Purchase a WeatherXM Station: Choose from available models, such as the WB1000, WS2000, or WB3000, depending on your connectivity preference (Wi-Fi, Helium, or 4G).
  2. Install the Station: Place the weather station in a suitable outdoor location. Ensure it's properly positioned without obstacles around.
  3. Connect to the Network: Use the WeatherXM app, available for both Android and iOS, to connect your station to the network. Follow the app instructions to claim your station and link it to your MetaMask wallet to receive rewards.

Collecting and Sharing Data

Once your weather station is set up and connected, it will start collecting weather data. This data is automatically sent to the WeatherXM network. 

The network uses this data to provide accurate weather information to various users, including individuals, businesses, and research organizations.

Earning $WXM Tokens

WeatherXM rewards station owners with WXM tokens based on the quality and reliability of the data they provide. 

The rewards system is designed to be fair and transparent. Each day, the network evaluates the data from all active stations. It allocates rewards based on the quality and reliability of the data.

Stations in areas with high demand for weather data might receive more rewards, while those in less critical areas receive proportionally less.

How Much Can I Earn From WXM Mining?

Based on current data and network statistics, the average weather station owner can earn about 120 WXM tokens per month. 

As more stations join the network, individual rewards may decrease due to increased competition. However, early adopters might benefit from higher initial earnings.

The amount you can earn from mining with WeatherXM depends on several factors, including the quality of your data, your station's location, and the overall activity of the WeatherXM network. Here’s a breakdown of what influences your earnings and what you might expect:

Factors Influencing Earnings

  1. Quality of Data: High-quality, consistent data is key to maximizing earnings. If your weather station provides accurate and reliable data, you will earn more WXM tokens. The system evaluates your data daily, so maintaining high standards is crucial.
  2. Proof of Location: The network verifies that your weather station is at the specified location. Stations with a high proof of location score receive higher rewards. This score can be affected if your station is moved.
  3. Hardware Class: Different models of weather stations may have different earning potentials. For instance, more advanced stations that can measure additional parameters might be eligible for higher rewards. All stations are treated equally, but future updates could introduce variations based on hardware capabilities.
  4. Station Activity: Active participation is rewarded. Stations that continuously send data without significant downtime will earn more. The system rewards only stations that regularly contribute quality data, encouraging consistent participation.
  5. Cell Capacity: WeatherXM divides the Earth into hexagonal cells, each with a specific capacity for weather stations. If a cell reaches its capacity, additional stations may not earn rewards. The network prioritizes stations with the highest quality data and longest operational history.

WeatherXM tokens have the potential to appreciate in value as the network grows and more data buyers enter the market. 

Here’s a practical example from a user: After setting up their weather station and connecting it to the network, they reported earning 1.14 WXM tokens within the first 24 hours

This initial earning rate suggests that active and well-maintained stations can accumulate significant tokens over time.

How Do I Maximize My Rewards?

Here are some key strategies to help you get the most out of your WeatherXM weather station:

  • Proof of Location: Maintain a high proof of location score by keeping your station in a consistent location with a strong GPS signal.
  • Install in a Suitable Location: Place your weather station in an open area with minimal obstructions. Ensure it’s level and oriented correctly using the built-in compass and bubble level.
  • Ensure Consistent Data Transmission: Your station should send data regularly and without interruptions. Any gaps in data transmission can lower your quality score and reduce your rewards.
  • Stable Location: Keep your station in a fixed location. Moving your station frequently can negatively impact your proof of location score and reduce your earnings.
  • Engage with the WeatherXM community through forums and discussions. Staying informed about updates and best practices can help you optimize your station’s performance.
  • Software Updates: Ensure your WeatherXM app and station firmware are up to date. Updates often include improvements that can enhance your station’s performance and reliability.

How Much Are the Top Network Earners Earning?

To help users estimate their potential earnings, we are developing a tool that will soon be available on WeatherXM Top Performers. It will allow you to see the top-performing miners and understand the factors contributing to their high earnings.

Based on the performance of top earners, you can estimate how much you could potentially earn by making similar improvements to your station.

How WeatherXM Token Rewards Are Calculated

Below, we’ll explain the technical details that drive the WeatherXM reward system.

Daily Emissions (DE)

Daily Emissions (DE) is a constant value representing the total number of WXM  tokens available for daily rewards. This value is set at:

  • DE = 14,246 WXM tokens

Proof of Location Score (PoL)

The Proof of Location score (PoL) ranges from 0 to 1 and indicates confidence in a weather station’s reported location. An algorithm evaluates the location data's accuracy and consistency:

  • PoL Range: 0 to 1
  • Relocation Impact: If a weather station is moved, its PoL score is set to zero for 7 days.

Proof-of-Location Threshold (PoL_Threshold)

The PoL_Threshold is the minimum PoL score required for a station to earn rewards:

  • PoL_Threshold Range: 0 to 1

Quality-of-Data Score (QoD)

The Quality-of-Data score (QoD) also ranges from 0 to 1 and measures the reliability of the data provided by the weather station. The system evaluates data quality every hour through several checks:

  • Out-of-Bounds Checks (OBC): Identify values outside sensor limits.
  • Self-Quality Checks (SQC): Detect unnatural data patterns like flat values or spikes.
  • Upcoming Checks:
    • Indoors Station Detector (ISD)
    • Solar Obstacle Detector (SOD)
    • Comparative Quality Check (CQC)

Quality-of-Data Threshold (QoD_Threshold)

The QoD_Threshold is the minimum QoD score required for a station to be eligible for rewards:

  • QoD_Threshold Range: 0 to 1

Hardware-Class Weight (HCW)

The Hardware-Class Weight (HCW) reflects the capability of the weather station’s hardware. Although currently, all stations are assigned an equal score:

  • HCW: 1 (for all stations at present)

Last Claim Time (LCT)

The Last Claim Time (LCT) is a Unix timestamp indicating the last time the station was claimed. It is used to determine station seniority when more stations exceed a cell’s capacity.

Cell Capacity (CC)

Cell Capacity (CC) defines the maximum number of stations that can receive rewards in a specific cell. Currently, this number is:

  • CC = 10 stations per cell

Reward Calculation Process

  1. Calculate PoL and QoD for Each Station: Determine the PoL and QoD scores for each station daily.
  2. Exclude Ineligible Stations: Stations are not rewarded if:
    • They have no wallets attached.
    • Their PoL or QoD scores fall below the respective thresholds.
  3. Check Cell Capacity: If the number of stations in a cell exceeds the maximum (10 stations), only the stations with the highest QoD and the lowest LCT are rewarded.
  4. Total Weight (TW): Calculate the total weight of all rewardable stations.
    • TW = Sum(HCW[s] for all rewardable stations s)
    • Since HCW is 1 for all stations: TW = M (number of rewardable stations)
  5. Calculate Rewards: The rewards for each station are calculated using the formula:
    • Rewards[s] = DE * QoD[s] * HCW[s] / TW
    • Simplified for current conditions: Rewards = 14,246 * QoD / M
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1 comment

Very helpful information. I am waiting for my WX2000 arrive.

Anthony

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