Nester and Nesting
Nesting is equivalent to hosting a network. Whoever participates in nesting and becomes a verified host on Nitro Network is called the nester. The Nitro platform enables this process of nesting, creating a synergy among people hosting the network across the world, enabling them to earn from their location.
Read more here
2. Why Nesting?
"Nesting ensures that we have strong connectivity in a defined radius of coverage area with a minimum number of Nitro ION Miners. It addresses the two prime issues that can stand in the way of earning from a decentralized network. Network congestion - Normally the placement of miners are scattered and unoptimized. This creates network congestion in areas which are densely populated with miners, while there is weak coverage in other areas where there are less miners or no miners at all. Inequitable distribution of rewards- Due to uneven distribution of miners, multiple miners compete for a piece of the same pie when it comes to rewards.
By confining the radius and limiting the number of miners per radius, we are not only optimizing the resource utilization but also making sure every participant gets maximum rewards. Read more here: https://nitronetwork.medium.com/why-nitro-nesting-ensures-everybody-wins-27f041d7c848
Anybody who hosts the Nitro Network is a Nester. You can host your "nest" through the Nitro Platform anywhere in the world. You become a Nester when your location/address is verified and approved by the Nitro Network platform by fulfilling the required criteria.
Becoming a Nester on Nitro Network has many benefits. 1) You can earn effortlessly 2) Your location is your source of wealth. 3) It requires minimum investment. All you require is a small, unutilized space in your home/office, good WiFi connectivity and power supply.
You can become a Nester in 4 simple steps:
- 1.Choose your preferred unused micro space in your home/office
- 2.Register your location/address on the Nitro platform
- 3.Complete the verification process
- 4.Become a “nest"
A nester will earn by participating actively in the Nitro Operating system (NOS), facilitating the hosting service and creating the private communication network infrastructure. Nesters will be required to keep the Nitro ION Miner active at all times in order to create wireless coverage and to respond to timely requests generated by NOS. They can also take part in staking and other incentive programs to maximize their earning.
Nesting rewards are based on location. We have categorized cities into a Tier structure based on certain parameters such as population, infrastructure, footfall etc. More precisely, cities are categorized into Tier 1 (Iconic Tier) , Tier 2 ( Premium Tier) and Tier 3 (Top Location) in descending order. This means, if your current location falls in the Tier 1 category your rewards will be optimized as compared to Tier 2 or Tier 3 locations, simply by being in a prime location. There are rewards for Tier 2 or Tier 3 locations too! We have built the Tier structure in a way where everybody wins!
No. There can be only 1 Nester in a radius of 1 km
All the locations from the cities across the globe will be categorized into different Tiers based on certain parameters as decided by Nitro Network. We will evaluate your location against these parameters and communicate the Tier in which your location falls when you get the nesting status.
You can delist your location or choose to become an inactive nest. We will pick a different address from our queue and allocate the Nitro ION Miner to a different address in the same defined radius.
The nesting status of your location is address dependent. Since there can only be one Nester in a 1 km radius, we will evaluate the suitability of your new address against the Nitro parameters and communicate the same with you. If your new address falls in another radius, we will evaluate the availability of a nesting slot for your new address. If the same is available, we will assign you the nest slot, else you will be in the waitlisted category for nesting in the area.