Rewrite the video title ‘Fry Foundation Bandwidth & Satellite Crypto Miner Review – Earnings, Tokenomics and Setup
Write a 1000-word comprehensive and engaging article from the script today I’ll review one of the cheapest crypto miners I know of its Plug and Play almost no electricity cost and the earnings per day are quite High let’s review the fry Foundation satellite and bandwidth Miner I’ll show you the earnings Roi how many you can have in the same house tokenomics and I’ll tell you what fry is all about so let’s get into the video nothing I say should be taken as Financial or investment advice now if you at the end of this video feel interested in getting one of these miners you can check them out right here and if you use the discount code Nordic there will be a 35 discount for the very first people that end up buying these miners then after a short while the discount percentage will drop down to 20 fry Foundation is a startup that are currently selling two different crypto miners a bandwidth Miner providing decentralized VPN and a satellite Miner providing a decentralized gnss network and data and that is what they are about creating decentralized networks but they are doing it in a quite unique and straightforward way the miners themselves are Plug and Play devices super easy to set up and you start earning crypto pretty much right away the miners are made from refurbished hardware parts so the minor Aesthetics can vary a bit to be a bit scratched to Dusty but that is because they recycle Hardware into something useful that can provide actual use case for Industries applications all over the world so that’s quite an interesting take to reduce E-Waste and that is what fry Foundation says their goal is to enable anyone to easily Plug and Play a device to begin mining crypto create the decentralized network infrastructure from recycled parts to be useful and at the same time minimize E-Waste so their goal is very straightforward no gamified aspects to it and weirdly enough that is becoming rare within the crypto space with things being this straightforward so it’s a bit refreshing to see I went through a fry foundation’s white paper and it’s actually very well written and easily understandable I will leave a link to it below so both miners currently cost 210 dollars each and we are in batch 3 as of now the satellite Miner here it says earns 82.86 Friday tokens per day and the bandwidth Miner makes 107.86 flight tokens per day you can only have one bandwidth Miner per IP address and if you plug in more than one of these on the same IP address you won’t receive any rewards and if you try and spoof a device you use a VPS you might get banned and you don’t receive anything the satellite miners if you order from batch 3 or beyond that you can have five of these miners within the same house or close vicinity and I believe they will create a hex system later on however if you already got satellite minus from batch 1 or batch 2 you can have 25 of those within the same area but those are already sold out so let’s take a bit closer look on these miners the bandwidth Miner provides a decentralized VPN which means no Central Authority or point of control have control over the network ensuring user privacy and security while being online since the network will be scattered on all these nodes across the world the network will be highly scalable and reliable the network is completely transparent with all actions and sections being recorded on the public Ledger when you connect your bandwidth device to the VPN network the traffic from users are encrypted and routed through a fry bandwidth Miner which acts as the exit node to equips the traffic and sends it to the internet and so yes this specific Miner comes with the risk of being open to Bad actors performing illegal stuff on your network fry Foundation even mentioned that in the white paper and what you can do to minimize this risk but have that in mind but that is not the case for their satellite Miner where we don’t have to worry the satellite Miner establishes the decentralized the gnss network by connecting to satellites The Miner collects data on the position of the satellites and the data is then used to aid for tracking them and for other applications using location data Etc so having the entire network distributed across these cheap devices all over the world will improve location data it adds higher reliability and higher Precision to the data compared to centralized systems you can have the satellite Miner indoors and some may say that comes with a worse accuracy of data but fry Foundation I interpret are instead taking the route that they rather have many devices you can have multiple at your home and the overall accuracy result will become better in the end because they will have so many notes and more reference points so the mining rewards from these two miners are thereby coming from the users providing bandwidthm and dnss data and support the infrastructure of these two decentralized networks and regarding the mining rewards every year there’s a reward reduction for mining fry the reduction occurs on the first of each year where rewards will be decreased by 1.43 percent and that will be done for the next 70 years and this is to ensure sustainability of rewards over time to miners they say now if you make an order of these miners there is a compensation if your minor shipment order is delayed you are compensated with 100 fry tokens for each week of delay there is also a one year warranty on all their miners from all fry Foundation sales of their products 10 of that goes towards Equity to provision for their fry token that means they add liquidity to decentralized exchanges where we can swap the fry token for other crypto tokens back and forward easily that is a very smart move by them I think keeping the token liquid and provides better token sustainability aside from these two miners there is also the availability for you to turn your own devices into miningfry there is a free and a paid license you can choose from now let’s talk more about the fry token the fry token runs on the algor network with the fry token you can swap them here to either algo or usdc I tried it out and it worked really good you can use the fry token to buy fry products with and you will then get an additional 10 discount on top of other discounts so if you use that with the discount code Nordic you can currently get 45 discount when buying their miners that’s a lot then I believe they also have other future plans to other use cases with the fry token as Freight Foundation plan on launching a lorawan network weather stations what the quality stations and other stuff as well building a decentralized network of networks where the networks help each other out so they are really trying to create their own ecosystem of networks it seems like so it’s quite interesting because a fry Foundation are really showing that all these decentralized infrastructure with different networks that can be incentivized with Crypt rewards they can be built out with just recycled Hardware you don’t need fancy shiny expensive devices just to send signals no weird gamified features to your earnings now let’s take a look at how easy the setup was and the earnings in the package that came with both the bandwidth Miner and the satellite Miner there is the miner a power supply an ethernet cord and a GPS antenna for the satellite Miner and there’s also an important piece of paper in each package that you need to save so I plug in the device with a power cord and the ethernet cord the device also works fine using Wi-Fi as well then I go to the fry Foundation website and see here under instructions I need to access an algrand wallet and there is a free web-based algorand wallet called pero wallet at this address that I will use then click use recovery passphrase create the password and enter in the words that are set on the little piece of paper that came with your package as that will unlock and import your wallet where you will get your rewards make sure to save and hide that little piece of paper then make sure to deposit some Al Grant tokens into your wallet as they are needed for gas Fizz to receive your rewards when you have done that you email this address right here with your account address you got in the imported wallet that this one right here and then the fry foundation will enable it and you will start seeing transactions within 48 hours and that’s it I have used both these devices now for a while and they for sure give me the free tokens every day as specified but how much the earnings are worth in dollars will of course depend on the price of the freight token which you can see here on this side I will leave a link to this site below and if we click right here fry slash usdc we can see the price per dollar as of now the price of fry is 0.016 in dollars each so that gives us this dollar earnings per day with these miners currently although this can of course change a lot knowing these numbers that gives the current Roi for these two miners now we need to look at the tokenomics of the fry token there was no mention of the tokenomics in the white paper or on the website all I can find is on the algorand Explorer when I search up the token contract I contacted fry Foundation about this and got the response that there are some parts of the tokenomic steel under development and that is why it’s not included in the white paper as of yet which is what I expected however I got some answers but keep in mind that there might be some changes the 8 billion fry tokens we see here are the fixed Max Supply so there will only be 8 billion of them there are plans to capping how much fry tokens that can be distributed as mining rewards per day that makes a lot of sense due to more and more devices being plugged in over time and it will help with the token price sustainability 82 of the 8 billion tokens are locked up for the next 70 years and each year some of that are released the 82 percent is locked in a Vestige Vault and the remaining 18 is located in the distribution wallet probably where the mining rewards come from and the rest is in liquidity pools and currently in people’s wallets currently half of this 18 is reserved for mining rewards whilst the other half is used to add to liquidity currently no tokens are reserved for the team and so these tokenomics seem quite healthy for a mining project in my opinion so from this page here on algo Explorer it says that all the tokens are in circulation which is why we are seeing this absurdly High market cap for the fry token but as we heard from fry Foundation 82 of the tokens are locked so the market cap we see here instant actual market cap it thereby corresponds to the fully diluted market cap what the market cap would be if all tokens were in circulation the current real market cap for the fry token is there by 82 percent less if not even more depending on how much tokens that are in the distribution wallet for rewards and how you count them as circulating or not since fry Foundation are very much at the start of their Journey so the token got not much use case other than for swapping and buying more of the fry Foundation product I believe the mine rewards will over time be greater than the amount that is being used by people to buy more miners which will ultimately make the price of the fry token decline over time but those are just some of my own thoughts but I will personally be taking profits from my fry miners some more information about the funding of fry Foundation it says here on their website that the funding comes through selling Miners and network sales they are open about it which I again like so what are my final thoughts on these Miners and the overall situation well to be honest fry Foundation are very much similar to many other crypto mining projects out there they have just chosen to be quite transparent about their business plan what they do with the money what they intend to build out what the rewards look like and how they will change over time it’s quite rare that we get to deal with such straightforward information I do appreciate that so I think fry Foundation have succeeded on the aspects of having the cheapest minor know of and making them plug and play and really easy to use whilst building out digital infrastructure I do currently intend to just take profits from these mining devices as of now if you want to see more mining rewards and earnings I show all my earnings from many different kind of crypto mining projects here on my Twitter and I update it every now and then so that anyone can follow along and just see the numbers now if you did enjoy this video consider helping me out with a like on the video and if you want to see more content like this make sure to subscribe and hit the Bell thank you so much for watching I’ll see in the next one bye bye that includes Free crypto wallet setup. 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🔵 Get 35% discount on your Fry miner purchase using the code: NORDIC
https://www.fryfoundation.com/?ref=40hwv0zq
✅ 35% Coupon code: NORDIC
Trading with Mrs Nicole Brewer was never a regret to me, all thanks to her, she is the best i have ever seen
hey i went with the indoor satellite fry any advice on what i jus bought
Great video! I really do have a question. For someone with less than $5,000 to invest, how would you recommend we enter the crypto market? I am looking at studying some traders and copying their strategy rather than investing myself and losing money emotionally. What's your take on this approach?
Is it working with wifi ip or pc ip?
This thing makes some sense its doing something useful, does bitcoin do same?
Will hackers be interested to convert this google to linux-kernel TV-box.?
After several winnings with Amanda,I can boldly say investing in crypto is profitable if you have the winning strategy
just buy the coin .
allowing only 1 device drove me to directly close the video…
If you wanna be successful, you most take responsibility for your emotions, not place the blame on others. In addition to make you feel more guilty about your faults, pointing the finger at others will only serve to increase your sense of personal accountability. There's always a risk in every investment, yet people still invest and succeed. You must look outward if you wanna be successful in life.
MMMmmm… !!! ??? !!! = 'IRONIC 🙂 '…
2€ per day? :OOOOOO
Why would someone pay you real money for the tokens or "cryptocurrency" produced by these "miners"? How do you know these computers or the software on them aren't being used to support illegal behaviors around the globe? If you're not making your own electricity these aren't doing your wallet any good. There is also the pollution of the atmosphere from traditional power generation from fossil fuels. If you do live in a country that is entirely powered from the sun, wind, geothermal, hydro, dynamos that generate electricity attached to human operated machines then you're wasting the power that is created for entirely frivolous stupid shit.
Bruh from 0.01 to 0.001 💀
Only an utter retard would think a $300 investment that pays you $1 a day return is worth while.
Elec cost? Internet cost? Not to mention all the scammers who shill this bs and you never receive your Miner.. lol 😂
Fucking retards
Verus Coin phone MİNİNG
very confused about this company. almost NO ANSWERING on both e-mail and discord. e.g. when ordering Fry Bandwidth Miner is says 647,16 daily (verified users) but on tokenomics says 107.86 $FRY per day what is correct now?
Fye had a 3rd party send me a Lenovo mico desktop, no power cord, no directions
Imagine buying one and just using it as it was originally intended lol
The odds are high that these will be a waste of your time.
Ty, I just ordered 2 satellite miners and the code still works.
dont do this basicaly they are using u as a vpn so if someone does something illegal on your ip it points to you and the feds can come after u
Just arrived. Not plug n play. Couldn’t find boot device error popped up. Had to boot into bios to select the default boot drive. Also no important piece of paper.
It’s a good project if you baby sit the miner and constantly turn tickets in for not getting rewarded in the discord
Looks like a default mff pc. Wonder if the firmware could be dumped and flashed to other units. You could repurpose old devices and make your owm miner
Hi, thank you for the great video, So if we connect with our own hardware such as Weather XM is the daily reward same as that HP Chrome they send? Also are we allowed to set up multiple device as one being a different our own device and another of their device / Thank you
nice bs box
Much more like mysterium, I would rather use it no need to buy anything
should I buy it with an operating system or not?
Hey Buddy, is there a list of devices we can use as byod miners?
My bandwith miner works at a net loss of -.001 algo per hour. Havent been able to contact anyone via website and the discord links dont work. Not sure what to think.
Do Not ! Waste of hard earned money