What is Crankk?
Crankk is a groundbreaking network of LoRa gateway nodes regulated by Kadena’s Layer 1 Pact smart contracts. Built on Kadena, Crankk integrates real-world events into blockchain technology and smart contracts, aiming to establish a comprehensive LoRaWAN network. This network provides extensive coverage for IoT devices such as smart meters and GPS trackers.
The Crankk token (CRKK) is central to this ecosystem. Node operators earn Crankk tokens by participating in the network and periodically proving their coverage area. This distributed network leverages Kadena’s Proof of Work (PoW) network, enhancing the utility of existing ecosystems in IoT applications with proven reliability, speed, and resilience.
How Do I Earn Crankk Tokens?
Earning Crankk tokens (CRKK) is straightforward for those who set up a Crankk node and provide LoRaWAN network coverage. Coverage is tested every four hours with a “Proof of Coverage” check using Kadena smart contracts. Participants are rewarded based on their network activity and contribution.
What is the Crankk License?
The Crankk license is a software license essential for onboarding your LoRaWAN gateway device onto the Crankk network. The cost of a Crankk license is $150, payable in Kadena (KDA) tokens.
How to Mine Crankk?
To start mining Crankk, you need a hotspot gateway device, a Kadena wallet, a Crankk license, and a stake of Crankk tokens. Here are the steps:
- Get a Hotspot Gateway Device: Ensure you have a compatible device.
- Create a Kadena Wallet: I recommend using the Ecko Wallet.
- Buy a Crankk License: Purchase the license for $150 in KDA tokens on dashboard.crankk.io.
- Setup Your Device: Follow Crankk’s guides for device setup.
- Stake Crankk Tokens: Stake $100 worth of Crankk tokens on dashboard.crankk.io.
Which Crankk Wallet Can I Use?
The Ecko Wallet, a free Kadena web browser wallet, is ideal for transferring KDA in and out of your Crankk wallets on dashboard.crankk.io.
Crankk One-Click Multimining Solution
Crankk has introduced an exciting update allowing users to mine 12 DePIN projects with a single device. This revolutionary feature simplifies the mining process and broadens earning opportunities. Here’s how to start:
- Update Your Device: Ensure your Crankk gateway is updated.
- Enable Multimining: Access your gateway’s local dashboard and activate the multimining feature.
- Start Mining: Follow the specific requirements for each DePIN project.
Which Projects Can You Multimine with a Crankk Miner?
With a Crankk miner, you can now multimine the following DePIN projects, besides the Crankk token itself:
ATOR
Filecoin
Grass
Helium
Honeygain
Mysterium
Pawns App
PiPhi
Presearch
Repocket
Wingbits
This extensive list highlights the versatility and potential of the Crankk multimining feature, enabling users to maximize their earnings with a single device.
Supported Devices for Crankk Multimining
The following devices are compatible with Crankk’s multimining feature:
Bobcat Miner 300 (G280, G285, G290/G295)
Midas 926
Controllino V1
WisGate / RAK V1.5
COTX-X3
SyncroB.it
Dusun
SenseCAP M1
Finestra
PISCES-P100
Helium OG
Panther X1/X2
Heltec HT-M2808
Nebra Rock Pi
Linxdot (CM4, RK3566)
Nebra Outdoor/Indoor
MNTD / RAK V2
How to Enable the Multimining Feature
To enable multimining on your Crankk gateway, follow these steps:
- Access Local Dashboard: Go to
https://[gateway IP address]:17080. - Login: Use “admin” as the username and the last 6 digits of your gateway’s MAC address as the password.
- Enable Beta Testing: Under “Settings,” select beta in “Test group participation” and click “save”.
- Reboot Gateway: Reboot the gateway to see the “Multimining” tab appear.
Start Earning from Each DePIN Project
Each DePIN project has unique requirements for mining. Generally, you’ll need:
- A Wallet Address: For receiving mining rewards.
- Specific Devices or Stakes: Some projects may require GPS dongles or token stakes.
Research each DePIN project for their specific requirements to start mining.