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pkt.cash is "people's internet." In their own words:
PKT is a fully decentralized layer-1 protocol. It is designed to transmit high speed data around the world and enable internet access without relying on traditional monopolistic ISPs.
The PKT Network is operated entirely by the people who participate. There is no central company, no investors and no pre-mine. PKT technology lowers the barriers of entry into the world of internet service. With PKT, everyone has the economic incentive to provide internet to their neighborhood as an Edge Point, or administer technical online services as a Cloud ISP.
If you are interested in learning more, please read PKT Cash - the people's internet post by Justin Spencer on this website.
I want to talk about my monetary experience with this system in this post.
My Computer
Here is my computer spec:
MacBook Pro (16-inch, 2019)
Processor 2.6 GHz 6-Core Intel Core i7
Memory 16 GB 2667 MHz DDR4
My internet speed is
Setting Up Wallet + Mining
The website has a fantastic tutorial on how to do both of these. First, visit Setup Wallet and then visit to get started.
do NOT use the same wallet on multiple computers - there was a discussion on https://pkt.cash, and it is not supported.
So, how much can I make?
Putting aside the humanitarian aspect of this project and whether the price of $PKT would increase or not in the future, I'm going to answer this question based on the current value of the $wPKT priced at around $0.035 a token.
Running all six cores on my computer will make my computer unusable. So instead, I have a Docker image that runs a single core from 8 AM to 5 PM and then all 6 cores from 5 PM until the next day.
With this setup, I can mind approximately 15 PKT a day or 450 PKT a month, which comes to about $15.57. Of course, I have to run my computer 24/7, which adds an extra electricity bill. I have approximated my electrical account is coming to about an additional $5 a month.
So considering everything, I am making $10 a month.
Keep in mind that there are currently no exchange platforms accepting $PKT. So instead, you'll have to exchange PKT to wPKT using https://odapp.io/ (which takes an additional fee) and then transfer that to BINANCE to sell. So if you are planning to mine, I recommend you hold onto your earnings until you can exchange/sell them directly on an exchange platform.
Would I continue mining?
I will probably not mine using my personal computer. Instead, I might set this Docker image up at my father's office since they have faster internet and a better computer. That might be more profitable. I might write a follow-up on this article whenever I do that.
There is also https://pktpal.com/ if you want to buy dedicated hardware for this at a whopping $2500 a unit!
