@Butters all personally owned devices will still work, no plan to block them for operation.
The new staking system is only for getting new devices. But even after Dec 15 you could still buy a device from places that still have them in stock to sell, like Helium Deploy, and operate them on the network.
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seems like a good deal if you’re in this for long term
Thanks for the summary
@Xrave Thank you so much for the details and key points here. My fiance is more than happy to jump onboard with a LC device since she drives A LOT, based on ROI i would break even pretty quickly. Is the suggested process is to make a determination and purchase a unit prior to December 15th?
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@PacketThrower well, technically there are no more in stock on the website so you can’t buy one even if you wanted to…that being said some people who create tickets in their discord and ask if there have been prior cancelations have been able to make some purchases.
In the end it really comes down to how much you drive. Based on a $2587 purchase price (including shipping and the 2.5% discount in my profile 😉) you need to drive 28744 km to break even, assuming a conservative 10 tokens per km, and current $0.009 price. Of course if you are driving in an area without other LCs and with good weather (not constant snow/rain now that it’s winter), then your tokens/km will be better, and if token price goes back up to $0.01 then you will ROI much faster.
Since the first LCs in this batch are shipping in mid Jan you will have about 1 month; if she is a commercial driver and can drive that much by that time, then you basically ROI the device before you would even get it with staking option.
The only real downsides is that the device will, in the end, likely be cheaper if you do staking because you will get those tokens back eventually, and also once they release a next gen LC you would have the ability to have yours upgraded “for free”(probably).
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@Xrave I really appreciate the insight on this. She’s a photographer, and traveling alone weekly just for kids is roughly 160-180Kms a day. Then comes client obligations, traveling to the studio, ect. Based on quick calculations, it would take her approx 180 days to break even.
We’re in a very rural area, I am the only one with Rovr plus other Crypto devices like GeodNet, Wingbits, etc.
It sounds like based on your Crypto device counts you have fleet of vehicles you either maintain or own which have LC or TX devices. This would be my first Crypto project that would rely on someone else to ensure it’s working. How do you handle training staff? Leave them a one pager of setup/troubleshooting steps? Do you have incentives for them to keep the device running? I’m actually quite curious on your setup, if you can’t notice. :).
She is more than happy to help create some passive income, just nervous on the price tag and relying on someone else to keep it running. The TX isn’t too bad to maintain because I use a dedicated phone for it, but this LC unit gives the impression there’s a bit more to it.
Any insight here or even on a call to discuss would be awesome. Thank you,
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@PacketThrower For the most part I deploy to people who have an idea on what depin is and how it runs, or I work with my fleet managers where they find new drivers that are local to themselves and give them hands-on support to get the device up and running and instruct them on how to use it and handle any follow-up.
For the LC specifically I will spend a few days just running through all of the details with whoever I plan to give it to, to be sure they know what they are getting into. The data uploading is by far the most challenging part of the LC operation; most people don’t realize how much data it generates, and they don’t realize that their ISP probably can’t handle it.
I’m always happy to go into more details; can find me in the Moken or ROVR discords and can do a voice chat if you prefer.
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ROVR is still on schedule to launch their new staking model for device usage on December 15 and have now published the details about the program: https://rovr-network.gitbook.io/rovr-docs/user-guide/rovr-staking-to-device-user-guide
Key points:
When the program starts you can no longer purchase devices to own.
Currently the stake requirement is 300k ROVR tokens for the LC and 18k ROVR tokens for the TX. These are fixed amounts and not variable with the market pricing.
The minimum staking period is 1 year. If you want to return the device early and cancel the staking, you will lose 1/12 of your staked tokens for each month before your final date.
If you do not use your device for a 1 month period you will also lose 1/12 of the staked tokens.
The staked tokens do not earn any yield, however all of your rewards you get from using the device are yours to keep with no lock-up period. Rewarded weekly.
Not in the document, but discussed in AMAs, is that they will deduct tokens from the staking if you return a broken device and you must return the device to get your tokens back.
From previous AMAs and discussions ROVR has said some of the main reasons to move to this model is so they can upgrade the devices as they improve the designs, and so the customer doesn’t need to purchase a new device. Additionally they will try to manage device saturation on the map and avoid providing devices to areas that have too many already.
Personally I like the concept. Obviously the big benefit is that the device could be “free” if the token value stays at, or improves, from what it was at time of staking, but even if it decreases 90% it means you essentially got a 10% discount on the device. The other benefit is that it shows ROVR isn’t trying to make money off of the hardware; they want to upgrade devices as they improve it so they can continuously improve the data they capture and the data the sell to their customers. It’s a very unique, and positive, idea in depin that I hope gets adopted by more projects.
A little alpha for here; the first batch of LCs for the staking program will be 50 devices, and target is to ship around mid January.
Rovr
So if you purchased a Rover TarantulaX in November/December as a Christmas present is there any issue onboarding in the original manner? Is there a timeline the device needs to be onboarded before this new program goes into effect?