PolkaPet World Joins SpiderDAO’s Hardware Token Mining Program
Feb 17, 2022 - We are delighted to reveal our new partnership with SpiderDAO and their groundbreaking new Multi-Token hardware miner. It’s been six long months in development and testing, but the high specification, eco-friendly Multi-token SpiderMiner is now available to the entire PolkaPets community and beyond.
The SpiderMiner is nothing short of a revolution in the crypto mining world. Its aim is to bring not only Multi-Token mining to every Crypto-related project (regardless of their network protocol or token characteristics) but to do so in an eco-friendly, privacy-centric way.
The SpiderMiner, What tokens can I mine?
Apart from our own $PETS token, the initial batch of miners will include another four high-quality tokens from a diverse range of well-established mature projects including the miners own developer token $SPDR. A list of the initial tokens that will be included on the SpiderMiner can be found here: https://miner.spidervpn.org/#tokens
We are anticipating a huge demand for the initial batch of SpiderMiners, so there is a pre-order facility where you can secure your SpideMiner in advance. To secure your SpiderMiner, please see the Pre-order form here.
The SpiderMiner, More than just a Miner
The SpiderMiner is so much more than just a simple hardware Multi-Token Miner. It’s been developed in cooperation with SpiderVPN, and they have developed a whole host of features that are built right into the heart of the SpiderMiner, features such as:
- Military Grade VPN protection built into the firmware
- Very low power requirements that enable an eco-friendly operation
- Metaverse protection features that ensure privacy and security
- A Hardware DAO including voting and community participation features
- Simple to use “plug and play” interface to set up and mine tokens unattended
- A high fixed ROI (Rate of Return) across a range of high-quality tokens
- 1-click 90 day token bonding options to further enhance miners earnings
The SpiderMiner, A revolution in Mining Algorithms
In the quest to make the SpiderMiner an Eco-friendly device, it was developed with a unique low power mining Algorithm called POPS-Proof of Privacy Staking.
POPS is a Hybrid Algorithm that requires a mixture of both on-chain and off-chain metrics to validate mining rewards. The following metrics are needed for successful mining:
- Mining & Bonding. Miners are required to initially bond a minimum of $10 worth of each token for the duration of the mining period.
- Validity. The network constantly checks each miner based on its unique characteristics such as its MAC address, Chipset Serial numbers, crypto wallet address and users’ account details.
- Reliability. The Miners “uptime” on the network. Miners are “pinged” constantly and monitored for their connection and mining status.
- Security. To participate in mining rewards, users have to participate fully in building and using Spider VPN’s world-class service.
- Data Throughput. Miners are expected to achieve and maintain a minimum quantity of protected data throughput on the network.
The Multi-Token Mining rewards (including the $PETS token) are initiated once the SpiderMiner is set up and the POPS Algorithm is in operation (plug and play). Our community members can enjoy a substantial passive income and be safe knowing that their mining is private and fully protected.
The SpiderMiner, Protect, Mine, Earn & Relax
To bring peace of mind to owners, miners get a fixed Return on Investment (ROI) based on the number of tokens that can be mined. There is also a further boost to those earnings by including a 1-click 90-day token bonding option that can be initiated throughout the miner’s life.
Together, these two features will mean that miners can earn up to 160% of their initial investment. Unlike other mining hardware, there is no reward “halving events” or increased hashing requirements due to network expansion.
For more detailed information regarding earnings, see the SpiderMiner website here.
The SpiderMiner, Upgradable & Future Proof
Unlike traditional hardware mining equipment that quickly becomes less effective, less profitable and obsolete, the SpiderMiner was created with longevity built-in. Every SpiderMiner sold can be upgraded remotely to include future features and even new mining opportunities. Here is a sneak peek at those upcoming new features:
- DAO Voting. Future upgrades to miners will mean users that wish to participate in DAO voting will have the ability to participate within a fully secure hardware environment.
- Bandwidth Monetisation. The SpiderMiner team are currently working on new and innovative ways of using your excess bandwidth, harvesting the income right into the SpiderMiner wallet.
- Decentralized ID. This will incorporate 2-Factor authentication protocols so that users may access their DID Wallet from their SpiderMiner whilst ensuring maximum security.
- Hardware Crypto Wallet. Fully secure a considerable range of tokens using Military-Grade Cryptography and 2-Factor Authentication protocols. Users can then access their hardware wallet from any registered personal device (Phone, Tablet, Computer) whilst ensuring maximum security.
- Metaverse Protection. A dedicated built-In Metaverse Protection System ensures your security while you concentrate on the things you care about most in your Metaverse.
The SpiderMiner & $PETS, More information & where to buy.
There is a detailed suite of information so you can dive deeper into the SpiderMiner. Please find below all the links:
Comments on the partnership of Polkapet World and SpiderMiner from Nathan Varty, CEO SpiderDAO
“Here at SpiderDAO, we are immensely proud and excited by the launch of the SpiderMiner. It’s truly a massive leap forward for our entire organization and an amazing opportunity for every member of both our communities”. He continued, “It’s been a long and difficult road, but I want to pay tribute to our friends at PolkaPet World who are an essential partner in the successful launch of our Miner and we thank them for their commitment.”
Comments from Harry Liu, Team Lead at Polkapet World
“The SpiderMiner concept is a truly innovative means of reaching new audiences with an immersive experience mining tokens from some of the best projects out there right now.” Said Harry Liu, Polkapet Team Lead. “We’re happy to continue to add more and more utility for our extended community of $PETS holders.”
About the SpiderMiner
The SpiderMiner is a high specification, eco-friendly Multi-Token hardware miner with military-grade VPN protection built right into the firmware. It’s designed as a low power device that produces consistently high returns (in tokens mined) on a wide range of high-quality, diversified tokens. The SpiderMiner deploys a revolutionary hybrid mining Algorithm called POPS (Proof of Privacy Staking) that ensures an easy-to-operate user interface alongside world-class privacy, security and protection protocols which means users can simply and easily Mine, Earn, Profit, Protect & Relax.
About PolkaPet World
PolkaPet World is an NFT project created by Bondly in partnership with some of the biggest names in the Polkadot ecosystem. Each PolkaPet is embodied as an artistic creature that represents a specific Polkadot project.
All PolkaPets hold unique project-specific utility to reward community members for holding their PolkaPet NFTs in their wallets. The utility can offer a discount on fees, an airdrop of tokens to PolkaPet cardholders, or various other utilities.
The $PETS token is the utility token used to engage with PolkaPet World products and services, as well as allowing governance rights and access to exclusive sales.
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SpiderDAO provides a decentralised router-based VPN service for its users by using a dual-governance model which brings together hardware and software tools with on-chain elements. The team aims to build a new set of standards for Decentralized Autonomous Organisations to counteract the unfair distribution of voting power. Combining hardware safeguards and leveraging the Polkadot consensus mechanism, SpiderDAO establishes a whale-resistant mechanism whilst creating a highly scalable, interoperable and stable governance system.
Read more or buy the SpiderMiner on: