Hivemapper Dashcam Profit Calculator

How to use the Hivemapper Dashcam Profit Calculator?

The Hivemapper profit calculator is easy to use and was created to estimate your potential earnings. While this is just an estimate, we created the tool with several factors in mind, including your driving frequency, total kilometers driven, the current progress of mapping in your region, and the freshness of the mapping data. Here’s how to use the calculator:

1. Select How Often You Drive: Choose how often you drive with the Hivemapper dashcam on a daily, weekly, or monthly period. This helps us understand how much you contribute over this period. Remember this only works if it’s daylight, and it’s not raining or low visibility.
2. Enter How Many Kilometers Driven: Add the total number of kilometers you have driven or are planning to drive. If you’re planning based on a weekly or monthly frequency, adjust your number to reflect the total distance covered in a week or a month, respectively.
3. Choose Your Region’s Progress: Select the current mapping progress of your region. The options range from “Low” to “Complete,” representing the saturation level of mapped data in your area. This progress affects the base reward calculation, as mapping in less saturated areas is generally more rewarded with $HONEY tokens. Check your region’s progress .
4. Select Mapping Freshness: Choose the freshness of the areas you’re planning to map. Freshness refers to how recently an area has been mapped. Mapping areas that haven’t been updated recently or are newly mapped (“Very Fresh”) typically gives higher rewards than updating frequently mapped areas (“Very Stale”).
5. Calculate Your Estimated Earnings: Click the “Calculate Earnings” button to see your estimated earnings. The calculator will display your potential $HONEY earnings based on the inputs provided, calculated for the selected driving frequency (daily, weekly, or monthly).

What Formula does this Hivemapper Calculator use?

We use a simple formula to calculate your estimated $HONEY earnings and use a live HONEY price API to calculate your profitability.

1. Base Earnings Calculation:
   • Earnings in $HONEY = Kilometers Driven × Region Progress Multiplier × Mapping Freshness Multiplier
2. Earnings in USD:
   • Earnings in USD = Earnings in $HONEY × Current $HONEY Price
3. Days to ROI Calculation:
   • Days to ROI (for the new Hivemapper Bee Dashcam) = Cost of Dashcam / (Monthly Earnings in USD / 30)

The Region Progress Multiplier and Mapping Freshness Multiplier adjust the base earnings to reflect the value of mapping at different saturation levels and freshness states. The Hivemapper dashcam income calculator then converts these earnings into USD using the current $HONEY price fetched from a live pricing API, giving you the amount of your estimated potential rewards.

What is Hivemapper and how does it work?

Hivemapper essentially pays you to drive. If you do a lot of driving, then this dashcam is for you, especially if you work in the delivery or trucking industry.

In simple terms, Hivemapper is competing with Google Maps. Hivemapper is building a decentralized, comprehensive, and up-to-date global mapping system using blockchain technology and contributing users. They essentially pay you to capture and upload street-level imagery using dashcams in your vehicle. You then get paid in $HONEY tokens, currently worth Price unavailable, to upload those images. In turn, those images can be accessed and bought by anyone via the Hivemapper API for navigation, urban planning, and more.

Google Live Maps can sometimes take years to get updated, and that’s where Hivemapper comes in. Users buy the dashcams and update the live map images every day, and at the same time, get rewarded for it.

What’s our opinion

I myself have two cameras on the way and have been a part of the popular Helium network when it first came out; it was rewarding for the first 1.5 years, and then it kinda died off. However, I did get my return on investment and then some. I personally believe in the Hivemapper project and took the chance to buy these cameras. I also drive a lot every week in a lesser-known part of the world, meaning I will have more unmapped roads to drive on.

So it depends on your situation and if you drive lots, at the end of the day the decision is 100% yours.