Tisham Dhar has written an article detailing his pulsecounting and deepsleep based IoT water meter project:
I admit to being a tiny bit obsessed with monitoring utility bills and gathering data on my usage patterns blow-by-blow. The energy monitoring has reduced my electricity bills, so I wanted to have a go at the water usage. Granted a lot of the water bill is fixed supply costs and sewerage charges which I can’t do much about.
A while ago I made some pulse counting breakouts with the DS1682+ RTC. I have finally got a chance to put them to good use interfacing with my mechanical water meter. The water meter has a spinning permanent magnet and in principle this can trigger a reed switch and generate pulses for accumulation by the RTC.
More details at Tisham Dhar’s blog.