Karma is anything but a bitch when it comes to wifi. Everyone needs wifi, well at least everyone reading Techfaster.com. Wherever you go, having wifi and data is essential to your being, especially in this day and age.

Karma is a different kind of mifi wifi sharing device. Sure it looks like mifi’s on the market from the likes of Sprint, Verizon, T-Mobile and AT&T but it’s different. Karma puts wifi front and center in the sharing economy.

It works like this.

You head over to yourkarma.com where you purchase a Karma wifi hotspot for just $99. From there you can buy wifi buckets, that never expire. Should I say that again, you buy wifi buckets that never expire. You can get 5gb for $50, 10gb for $100 or 20gb for $180 now at first look that may seem like a lot but that’s where Karma comes into play.

The Karma hotspot comes with an open connection that encourages people to join your wifi network. As they join your wifi network you get more free wifi yourself, again that never expires. If you share with 6 people you get 600mb of free wifi, and you can do this every day as long as you like, wherever you are.

The person that signs onto your wifi and the Karma service at the same time, also gets 100mb and they can of course sign up for more if they would like it. This is great for two reasons, that person could get enough wifi to check their email, do a few Facebook updates and read the news, but they can’t bog down your wifi hotspot streaming the latest HD games. For that they would need to sign up for more.

Karma calls this sharing “social bandwidth” and it makes sense. But at it’s core you need data and Karma gives you that data without a long term contract and without ever losing it. Whatever data you buy is yours until you use it up. ” We never penalize you according to how you use your data. If you have [some of your data allowance] left at the end of the month, you’re free to use it next month. You’re free to use it in two years. It’s your data, you paid for it .” Karma co-founder Steven van Wel told mashable.com back in June.

We will be using Karma during our CES coverage and hopefully earning plenty of Karma at the same time.

You can pick up Karma here.