REWARDS
Description
DriveMining offers the possibility to generate additional income by driving vehicles and validating the creation of blocks from Data Collecting machines.
Token Unlock
Monthly Token Unlock: 87,500 EDAT
Considerations
DriveMining Rewards aim for a €400 monthly income.
In order to fulfill this requirement, each DriveMiner must work:
– 20 hours per day
– 24 days per month
That’s a total of 480 hours in 1 month (per Drive Miner).
The reward for DriveMining 1 hours is 0.83 EDAT.
On the other hand, DriveMining includes an applied Price Ratio for inflationary control.
– EDAT Sales Price: will always be € 1.00
– Current EDAT Price: determined by market
Formula
Scenario 1: EDAT Sales Price = EDAT Current Price
Average Daily DriveMining Hours per Driver: 20
Number of days spent drive-mining: 24
Total DriveMining Hours: 480
EDAT Sales Price: €1
Current EDAT Price: €1
Scenario 2: EDAT Sales Price > EDAT Current Price
Average Daily DriveMining Hours per Driver: 20
Number of days spent drive-mining: 24
Total DriveMining Hours: 480
EDAT Sales Price: €1
Current EDAT Price: €0.75
Scenario 3: EDAT Sales Price < EDAT Current Price
Average Daily DriveMining Hours per Driver: 20
Number of days spent drive-mining: 24
Total DriveMining Hours: 480
EDAT Sales Price: €1
Current EDAT Price: €1.25
Available DriveMining Hours (in 1 month)
The total available hours for DriveMining will depend on the Monthly Token Unlock and the DriveMining Reward per hour.
Available DriveMining Machines
If there are 105,000 available hours and each DriveMining machine works 480 hours per month.
Then, the max amount of DriveMining Machine that there can be is 219.
Occupation
DriveMining Machines: 100
Average DriveMining hours per machine in 1 month: 480 hours
Total DriveMining hours: 48,000
Description
Data Collecting Machines work by streams. Every stream collects information for 10 minutes, meaning that in 1 hour there is a total of 6 streams made. Afterwards, 6 streams make 1 complete Block that is later processed for validation (via DriveMing and Validators).
Considerations
Stream Payments depend on the total number of active data collecting machines. In this first instance, we’re going to analyze Sensors with the previous distribution.
Example
Daily Token Unlock (sensors): 19,393.94
Number of Sensors: 5,000
In 1 day, a Data Collecting Machine should work for 8 hours (creating 8 complete blocks). That means that in 1 hour, Sensors earn 0.48 EDAT
= 3.88 / 8 = 0.48
Nonetheless, 1 block is composed of 6 streams.
The Sensor Reward per Stream is 0.08 EDAT
= 0.48 / 6 = 0.08
Available Sensor Streams
If the Stream Payment for Sensors is 0.08 EDAT, then the total sensor streams that can be done in 1 day is 240,000.
Considerations
Just like Sensors, Lidiar depend on the total number of active data collecting machines.
Example
Daily Token Unlock (lidiar): 7,272.73
Number of Lidiar: 500
In 1 day, a Data Collecting Machine should work for 8 hours (creating 8 complete blocks).
That means that in 1 hour, Lidiar earn 0.61 EDAT
= 4.85 / 8 = 0.61
Nonetheless, 1 block is composed of 6 streams.
The Lidiar Reward per Stream is 0.10 EDAT
= 0.61 / 6 = 0.10
Available Streams
If the Stream Payment for Lidiar is 0.10 EDAT, then the total streams that can be done in 1 day is 72,000.
