HNT

Ndivided132

HNT miners? Thoughts on them? One of my old highschool friends just posted one on social media. I’ve heard there hard to get cause there blacklisted

zprof

Buy $PCN, it's the new HNT!!! At $0.25c/coin it's a steal!

Cat_Poster

Helium is a luxury trainwreck. On the plus side, I did get.004 in HNT mining rewards today, which is more than the usual 0.00.

coinfeeds-bot

tldr; Helium is a decentralized, user-powered wireless network that incentivizes users to run nodes providing network availability via their HNT token. Salesforce and Lime said they had no current relationships with Helium. CEO Amir Haleem said he received verbal approval for this type of marketing, but with people constantly changing roles, verbal approval wasn't enough. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

ricky3558

Not selling HNT at $60

_stoned_chipmunk_

My friend won't shut up about this Bobcat mining rig he bought. It's pretty affordable as they go and my friend really likes his. It mines Helium (HNT). Might be worth a look. https://shop.bobcatminer.com/

HUMPDAY77

Where can i buy HNT in the US?

vampir1389

will HNT ever reach its ATH?

reaglesham

I become more of a BTC maxi every day. It feels like every week a project gets slapped with controversy. I haven’t even been massively effected yet, but LUNA (which I sold before the bear thank god), SPELL, CRO, and now HNT are all getting kicked for various reasons. Seems an awful lot like my attempts to “diversify” would’ve just been better served in Bitcoin honestly!

4cademy

HNT if the manage to get through the technical hiccups we saw the last year

jiffylube1024A

It does seem that way. The idea is novel, but doesn't seem necessary at the moment. Plus having little hot spots everywhere just for HNT doesn't seem very practical (or energy efficient) either. Just use the regular internet like everything else.

GerbiJosh

As a HNT miner. oof. Not surprised? I think there are still spoofing entities stealing rewards from real miners :( The "People's" Network

Adorable_Reputation

Love me some $HNT, helium

HokkaidoNights

Naturally a business (and network) like this takes time to build - and the reality is that we are still in early stages of IoT devices - 5-10 years is realistic. Compared to the vapourware that’s the ‘product’ of most crypto based projects, this not only has a real world utility, it actually exists and is operating right now. You make your choices, I’ve done well personally out of HNT and continue to see it as having higher potential opportunity value than most of my other alts (and I’ve got some big and varied bags!!)

keeprollin420

TLDR: Shapira, a heavy critic of Web3, pointed to data suggesting that the project makes just $6,500 per month from its data usage revenue. “Complete lack of end-user demand for Helium should not have come as a surprise.” “People see those two numbers, $6,500 a month vs $350 million raised, and they say ‘how does this make any sense?’ It only makes sense in the case of a very very early stage startup.” To be able to run a node, people also need to purchase and install one of Helium Systems’ hotspot devices, along with staking 10,000 HNT worth roughly $89,000 at current prices. Shapira argues that operators “maintain false hope” of obtaining a positive return on their investment.

kraken-pluto

HNT is not listed on Kraken as of now. You can refer to our [support article](https://support.kraken.com/hc/en-us/articles/360000678446) to see a list of all assets listed on Kraken. If there's anything else you need assistance with, let us know. Have a great day, Pluto from Kraken 🐙

HeinousHaggis

The problem is they’ve alienated their early adopters and builders of the network in favor of their 5G rollout and convoluted new MOBILE token system. This in addition to a high barrier of entry into the 5G equipment ($2500.00+), constant POC validator issues and continued network spoofing Nova labs keeps looking the other way on has put an absolute shite taste in the mouths of many miners. I could go on about the heavily weighted HNT skewed elections and so on but I think that sums it up in a TLDR.

BlackB3ARD7

In August, the data credit consumption will increase with the mobile token and the 5g. The first 3 years of the project are focused on building the network and the 6.5K USD are the DC for the IoT network, which is not utilized because of the limited number of applications using it and the amount of data required for IoT. Next month, DC consumption will increase because of the 5G network (slowly) and HNT burn will increase which will result in a higher revenue in total and hopefully an increase in HNT value as HNT will not be rewarded to either subDAO (IoT, Mobile).

fjordfjyellfjleak

I'll be analyzing the [linked thread's arguments.](https://nitter.net/liron/status/1551738599254773765#m) 1) Quote: "Members of the r/helium subreddit have been increasingly vocal about seeing poor Helium returns. On average, they spent $400-800 to buy a hotspot. They were expecting $100/month, enough to recoup their costs and enjoy passive income. Then their earnings dropped to only $20/mo" Quick clarification, it's not r/helium, since this subreddit isn't very active, which agrees with the thread's attached image. The subreddit referenced is r/heliumnetwork . I do agree though, just looking through the subreddit, almost all responses are negative. Not good. I'd like to see some sort of poll, asking users if their fees have been dropped (and by how much), satisfaction in Helium, etc. That would help investors (potentially me) gauge how the near-term future will be handled through quantifiable evidence. 2) Quote: "Meanwhile, according to Helium network rules, $300M (30M $HNT) per year gets siphoned off by \[novalabs\], the corporation behind Helium. This "revenue" on the books, which comes mainly from retail speculators, is presumably what justified such an aggressive investment by \[a16z\]" But, from [https://www.helium.com/token#distribution](https://www.helium.com/token#distribution) >The distribution of HNT changes over time to align incentives with the needs of the network. In the early days, a higher proportion of HNT is allocated to Hotspot owners for building and securing coverage. As the network grows, Hotspots earn more for transferring device data on the network while Helium Inc. and investors earn less. After 20 years, distributions no longer adjust and remain fixed. This is normal for projects in this space, this happened for ALGO, LINK, etc., which have some external foundation which oversees an actual project. As long as Helium sticks to their intended tokenomics, I don't see any fault with this. ​ Overall I think the thread is important, but tbh it's too early to tell for me if HNT is not going to survive in the long run.

mrfrench9

HNT. Real world iot (and now 5g) networks built on blockchain. Incredibly powerful use case decentralizing network infrastructure for iot, 5g and soon universal wifi and vpn protocols.

erikmalkavian

Yeah, very true OP Case in Point: Helium Network and their collapsing earnings and now moving to a completely different network with 5g to "Try" to Compete with Verizon, Vodafone, ATT, T-Mobile, etc. That happen all in the last 3 months and they suddenly came up with a new coin they will pay in called "MOBILE" for their 5G thingy and "$IOT" for that old ass network they ran. You won't get plain old HNT anymore for mining

Training_Influence49

Holy shit dude.. I’ve been out of the loop now for a couple months and wow.. just wow. It doesn’t surprise me that they’d mo be their block chain to another L1 because they have so many problems with the helium blockchain. However, other L1 tokens may bring the same type of troubles with blockchain problems and outages n stuff. But wow, getting rid of the helium token all together? I’ve been liquidating all of my helium each time I get to 20HNT. Helium doesn’t stand a chance at competing with the big corporations and all this 5G shit is a big gimmick to drop more money with heliums main suppliers (Rak, Nebra, bobcat, etc). This has been the tactic all along. I could easily build a miner by ordering all of the components and making it myself but that doesn’t benefit the suppliers who fucked so many people over by either not shipping out orders or shipping them out a year later. Helium looked the other way

erikmalkavian

Helium Network is just getting worse with reduced rewards, network instability and moving the goal-post more and more and only the Devs basically profit or understand what they are doing! 1. Since they released the "Light Hotspot Update" Rewards have fallen by 50% or more due to network instability, less witnessing and beaconing for full miners and the networks ongoing problem of Miners Gaming the system (Putting multiple miners in the same house or area) and taking all of the HNT in each block and leaving peanuts for everyone else. 2. With the rollout of a "New" Miner for their 5G Network (A Completely Different Network) you have to buy the another miner and the Small-Cell Antenna at a minimum price of $3000 3. With the 5G network (Yeah 5G competing against Verizon, Vodafone, ATT, T-Mobile) you will be paid NOT in HNT but in this new token called MOBILE that currently has no value and then you are suppose to convert that to HNT and then you could cash that out? 4. Come August 1st or soon thereafter, the Current Miners (Non 5G) will no longer be receiving HNT but something callled $IOT for providing Helium Network coverage. Moreover, Helium Network has plans to move to a Completely DIFFERENT L1 Blockchain such as Solana or Algo or whatever, so basically those HNT Tokens will be worthless since the Helium Blockchain will not be used! Their own Network Validators that have Millions of Tokens Staked, I guess, will be compensated some how, some way for their Staked HNT but considering how Scammy and underhanded the Helium Network has become, I wouldn't want to be a Validator with 10,000 HNT Staked!

erikmalkavian

Helium Network is playing whack-a-mole with their "Rewards" 1. Since they released the "Light Hotspot Update" Rewards have fallen by 50% or more due network instability, less witnessing and beaconing for full miners and the networks ongoing problem of Miners Gaming the system (Putting multiple miners in the same house or close area) and taking all of the HNT in each block and leaving peanuts for everyone else. 2. With the rollout of a "New" Miner for their 5G Network (A Completely Different Network) you have to buy the another miner and the Small-Cell Antenna at a minimum price of $3000 3. With the 5G network (Yeah 5G competing against Verizon, Vodafone, ATT, T-Mobile) you will be paid NOT in HNT but in this new token called MOBILE that currently has no value and then you are suppose to convert that to HNT and then I guess you get some money. 4. Come August 1st 2022 those Old Miners (Non 5G) will no longer be receiving HNT but something callled $IOT for providing Helium Network coverage. Moreover, Helium Network has plans to move to a Completely **DIFFERENT** L1 Blockchain such as Solana or Algo or whatever. The Validators that currently HNT have Staked, I guess, will be compensated some how some way for their Staked HNT but considering how Scammy and underhanded the Helium Network has become, I wouldn't want to be a Validator with 10,000 HNT Staked!

erikmalkavian

Helium completes Worthless and Demeaning upgrade. All this did is just further reduced the rewards for current miners and then with the new IOT HIP Miners will no longer being earning HNT AT ALL!! Fucking Helium Network is a bullshit scam at this point and unpoliced by its developers with the exception of filling their GREEDY ASS POCKETS!

BiggitiBush

Nice. FYI to r/heliumnetwork guys, you can mine Mysterium with your COTX $HNT miners.

erikmalkavian

The network will eventually be switching to another L1 (i.e. Solana, Cosmos, Algo, etc) and those Stake Validator will be s.o.l. Currently the Network has approved the division of Helium Network into two separate Tokens, one for 5G called MOBILE and one for the existing blockchain, will be paid out in a new token called $IOT. The Validators currently securing the Lorawan IOT network will be received payments in the new token $IOT once that is implemented. I know I would be pissed if I was a Validator with 10,000 HNT staked and then was going to see their position as Validators go away with the new L1 blockchain

majorchamp

I'll never use any kind of interest bearing platform ever again. I even pulled my HNT from helium-staking.com and back to the hardware wallet. I didn't have a ton of btc/eth in Celsius but at it's peak a total of about $1k and current around $300. It was all the btc/eth I had though.

Snake1856

I like HNT personally, I think they need to get their stuff together with this litespot situation but if they can partner with companies on 5g, it could pay off bigtime. Right now, like the rest of the crypto world, it's an "if". I own some. Bought in around $20 :/

W__O__L__F

What's your thought on HNT?

W__O__L__F

I have sono HNT too 🔥

KateR_H0l1day

FET & HNT are my best bet but I’ve a few others I’m expecting to do very well also, a few already mentioned but I’ll add ZIL to the secondary group.

jaysun13

HNT. Helium. Going to be a solid 10x when Bitcoin does a 3x

JakesThoughts1

I invested a couple grand in some HNT miners, finally got them in but network has pretty much went to shit and what I was mining like 3 months ago is no where near what I mine now. Coin has also plummeted like every other crypto. I like the protocol and think it has a chance to succeed, but as of right now not too sure where it’s heading. Not selling anything until next bull run. Other than that I’m pretty much all Eth/btc. Used to have cardano as a decent holding but cashed out last fall

springdot1

HNT is an interesting one. I went back and forth on buying a miner for a while, placed an order then got cold feet and cancelled it. Still think that was the right call. I’m just not convinced it’s going anywhere

taikenapoo

I’m grabbin me ATOM an HNT

W__O__L__F

Yes LTO and HNT are risky i agree with you. As a microcap i have BEPRO i forgot to mention

_dealio

>ADA MATIC LINK DOT LTO ATOM BTC VET HNT ONE aite ok fine meh eeeeh notbad duh bigoof mediumoof lil'oof

partymsl

Solid with some risky bets as LTO and HNT. Maybe add a microcap crypto to it.

W__O__L__F

Rate my portfolio please ADA MATIC LINK DOT LTO ATOM BTC VET HNT.

digital_nomada

I’m down to HODL on $RADIO and their stock if we can follow the $GME crowd… I really wish there were RadioShacks around again… woulda helped a lot with my $Helium $HNT projects

TonyPonder

Hoping to get to 2m $CKB. I’m mining HNT also so hope to have a few hundred of them in 2-3 years time. Depending on the length of the bear market, I don’t think a whole Bitcoin is out of the question. I DCA very small amounts then into Eth, Jasmy, DOT and ADA

Lahnmir

DCAing in BTC, ETH and ATOM, mining HNT, same as before. Ohh, and I might get 50/100 ICP just for the fun of it 😎

DigitaleDukaten

Mining HNT definitely is

pashtun92

Check out helium ($HNT) network They provide network and have already created the Loranwifi for the internet of things Though one might argue that they have had their fair share of run in 2022 already

Mamnorgathgamkm

ETH is not on the list? and this is my first time with HNT. I got my list though BTC, ETH, MATIC(polygon got somethings going on), BAT(Getting a lot of buzz lately), TXA(further down in market cap but the hybridDEX and passive earning for SDO runners is giving it more attention than expected).

digitalworkshop77

FET is so undervalued at the moment and indeed a gem and a long term hold. other than FET I am big on HNT as well. Among the crowd of IoT projects these 2 are my top picks as well. Need to know/do more R7D on VET. It indeed has lost a lot of value. If you have any good, credible R&D resources for VET, then please share.

Trypes22

Helium (HNT)

Paskee

There arent many POW coins left. Those that are here might survive bear market in next few years, but who knows. If you plan on selling coins to pay for utilities it will be that much harder. Its a super shitty time to mine. Maybe HNT with Bobcats. Cheap, reliable and project maybe has a future. Personaly I would DCA those 10k over 6-12 months and call it a day.

MinerFortyNine

PoW: BTC, ETH, XCH, SPACE, HNT are my top 5 predictions.

loganm98

I sold some on my mined HNT at $17 before the price dropped to $10. It'll be nice to have that tax break

bkcrypt0

Anyone else following Helium (HNT)? Seems to have dropped like the rest, but not nearly as badly (around 80% vs. 90-95% for other alts). Not shilling, don't own it, but looking for potential gems in the rough.

7101334

What does Bitcoin do better than any other coin except first-mover advantage? It doesn't excel in any regard, hence maxis needing to advocate for favorable legislation instead of just allowing the best and most suitable coin to win NANO/XLM have lower fees ($0) and I think faster speed than Lightning Network XMR has better anonymity and decentralization (ASIC resistance) ETH et al can host smart contracts HNT provides LoRaWAN, LINK is an oracle, QNT does some fancy shit no one understands BTC hasn't hedged inflation and it remains to be seen if it functions as a store of value in the face of a recession. Artificial scarcity does not translate to inherent value. So what does BTC *actually do*? BTC is my largest bag as well because I do believe that number goes up, but a BTC maxi (deny it if you'd like but if it talks like a BTC maxi and walks like a BTC maxi...) calling so-called shitcoins useless when many provide more actual function than good old first-mover-advantage coin BTC is uh, pretty out-of-touch.

Crypto_Malik

I want to buy a cold wallet. My choice fell on the Ledger Nano S or Nano X. I only have ETH, ALGO, CKB and some HNT in my portfolio. My ALGO is already stored in the Perra wallet. I have seen you can download an app to store CKB and HNT on both Ledger's. Are there advantages/disadvantages between both cold wallets? They differ quite a lot in price actually. Or does someone has other recommendations? Thanks in advance.

KateR_H0l1day

I’ve numerous coins but in three different tiers, includes what I believe in most and consequently value. I saw Steller (Tier 3 was up a bit a while back) & Fet, also Tier 3 had dropped like a stone 21%, swapped all the Stellar to FET. Other than that I’m buying bits weekly of whichever coin in any Tier provides the best value at that time. This last couple of weeks ENJIN, DOT and EGLD have been good value plus HNT a couple of times. Lots of my coins are locked in stakes and I’ve bought enough for now, ADA, ONE, ZIL, ALGO, Tier 2 type coins for me

grundle18

Shout out Helium network (HNT)

ricky3558

I am holding HNT until the value goes back up and continue to mine in the meantime. Not quite the same as Bitcoin but my strategy.

JustDalek_

ADA, HNT and ATOM I believe ATOM has the potential to grow back with the market, ADA as well but I'm a little weary, HNT is likely doomed due to people spoofing miners to earn more rewards and the dev team is struggling to find a way to prevent that

BlackB3ARD7

Finally, someone mentioned HNT performance :) it is an underdog and now I guess we set a lower limit of its price around 7 USD, I would be happy to gamble on it if it went even lower.

HokkaidoNights

It’s funny - most commenters have probably never really looked/heard of Helium Network. Regardless of the price action this week - do yourself a favour - take a deeper look, especially if you don’t like Amazon/Sidewalk etc. This is an actual viable, real world - and **most importantly live** project being used right now for LoRa service provision all over the world (unlike 98% of the rest of the crypto market, which are basically gambling chips). ‘The People’s Network’ is not a pie in the sky concept, or metaverse fantasy. The Alts market is brutal right now - but I’ve been building a bag/mining HNT for a couple of years. If the blood really flows on the streets in months to come, this is one of the few I’ll be buying more of - I think it has longevity.

SnazzyGiraffe99

Lol having one good week means nothing. If the market continues to dip further, HNT will follow suit. Probably.

7101334

HNT has some too, it'll have a lot if it can get 5G going

musiquefp

Totally agree about HNT. It’s time will come I hope.

7101334

Well uh At least my HNT is holding up well?

Altruistic-Pipe-2761

HNT holding up extremely well, not all alts are built the same

DPSK7878

I have the usual big cap altcoins. Added smaller altcoins like EGLD, ROSE, HNT, RUNE, ERG.

spXps

HNT all in

afaylenesky

any HNT enjoyer here? can normal internet be used in helium network?

KateR_H0l1day

I tend to agree, I know there was a lot of hulablu around HNT halving in 2021, it did very little in my analysis/opinion.

AlarmingMind7799

HNT is proving to be an excellent choice. With real function and rising in the caos. +25% today

Stinkpretzel

HNT defying gravity again (pun intended)

7101334

lol on the 1-year yeah you're right, jfc, I got in to HNT only a few months ago so I didn't realize it was $50 at one point. That's insane. Hype for a new blockchain with solid fundamentals I guess? XMR is almost as far down from its ATH as HNT though, the ATH was just much further in the past But however much those are down, I'm not worried about them long-term, unlike say... ADA, which I bought just because this sub liked it and I was just getting into crypto. Small amount thankfully.

BrokenParachutes

HNT is just as massively down as everything else if you look at anything other than the daily chart. XMR has held up a little better

7101334

It doesn't have to be "Bitcoin and only Bitcoin" It just has to be solid projects. XMR and HNT have both held up pretty well, HNT is (oddly) even up 6% against BTC today.

PsychologicalSong661

I'd add ETH, ALBT and BNB to that list over HNT and FTT. Because ETH is now in the overbought zone and will soon witness a reversal. Then BNB is planning to bring GameFi's on its platform while allianceblock just launched a DEX suitably designed for this bear market since it has IL reduction feature. We will see price movements in these three this week.

Daisy_bumbleroot

GET, HNT, BAT Three off the top of my head

No-Emu-1307

HNT(Helium) Top 20

nephothicf

HNT is the native crypto of Helium blockchain (a global network of Hotspots). You can acquire a little device to be a hotspot and you'll receive HNT for it.

MakeItRelevant

My biggest bag is also ETH, but I'm pretty excited for Polkadot. IMHO, we need to look beyond Ethereum for mass adoption. I'm not sure if NFTs are slowing. The hype is here, but not the infrastructure yet. The project that I'm closer to right now is Unique Network. They've won a Polkadot crowdloan and they are building on Substrate to surpass the rigid economic model challenge so Dapp users will not be required to pay transaction fees (Substrate case study). They are also developing new concepts like re-fungible nfts and painless transactions. I'm also excited for Web3 (HNT, AR) and other infrastructure projects (FTM, AVAX, SOL).

MakeItRelevant

I've met Helium by using their device and then I decided to hodl HNT. Community is one of the first things I look for. Not only if it's big, but if it's supportive and really knows about the project (not coded bots joining groups). I like Polkadot network and I'm always hunting for new projects on Substrate's webpage. I've contributed with its last crowdloans Unique Network, Phala and Equilibrium but I really found out about these projects at early stages when they started to build on Substrate. I believe that they'll have a nice road ahead now that they'll be fully-deployed parachains.

MakeItRelevant

It depends, bro. My cash reserves (USDC, PAXG) are on Phantom and Metamask. BTC and ETH on Atomic/Trust Wallet. I have a percentage of SOL and DOT on Kraken and some positions on Binance (UTK, DIA, AR and HNT). I've just moved my HNT to Helium Hotspot. Sometimes it feels painful to manage so many wallets.

MakeItRelevant

Polkadot is one of my top choices right now. Huge bargain for only $10. I've contributed with their last crowdloan winners Unique and Equilibrium. Great potential ahead. I think you should take a look on some other altcoins from Web3 (HNT and AR) and other infrastructure projects like FTM and AVAX. I'd never spend my money on memecoins, bro. I think this is a waste of money when there are so many top-quality teams out there developing great stuff. Think about it.

MakeItRelevant

Dont be foolish by your colleagues' profits. Grass is always greener on the other side, man. Easy comes, easy goes. Diversify and make sure to hodl infrastructure projects (DOT, FTM), Web3 (HNT, AR), Oracles (DIA, LINK), crypto payments (UTK) and anchors (BTC, ETH). Keep a bag of cash reserves and don't forget to stake. You'll outperform your friends soon. Time will tell.

Justin534

In 2013 or 2018 what networks had averages of more then $1 billion equivalent or greater than 100k average daily transactions. On a financial network that's a fundamental showing adoption and use. Which chains or protocols had over $1 billion locked in DeFi? Yes of course people are going to buy numbers going up. Just as people buy stocks with increasing EPS or growing profit margins. Generally unless it's a massive turn around play you don't want to be buying with fundamentals going down. Unless you're using an asset backed currency (can't think of a single country which has one) what backs any currency are the goods or services exchanged with it. Same goes for tokens in crypto. Smart contract platforms? What backs them is the demand for executing smart contracts on the platform. HNT? What backs it is the use and deployment of a worldwide decentralized radio network for IoT devices to communicate on and IoT data passing across the network. What backs XYO? Demand for an unspoofable global positioning system capable of being used in smart contracts. Theta? A decentralized content delivery network. The list goes on and on.

Real_Beautiful_1691

I'm passionate about coins that have a purpose beyond just trading. Coins that are trying to change our world and pissing off billionaires who like the status quo to remain. Chrome → Brave Paypal → Metamask Google → Brave Search Dropbox → Filecoin YouTube → Theta Twitch → DLive Facebook → Distrikt WhatsApp → Status Zoom → Brave Talk WhatsApp → Status Domains (.com) → ENS (.eth) Local ISP → HNT Savings Account → BTC Stocks → ETH/ERC20 Land Ownership Title → ETH/ERC721 Property Timeshare→ ETH/ERC1155

Justin534

I gotta ask you and everyone else that's "investing" in this space - if you look at something and see it has no real world value then why on earth are you putting your money into that crypto project? There's plenty of projects that are creating real world value or have the potential to create real world value. XYO, Propy, HNT, POWR, Audius, THETA, plenty of legitimate DeFi projects, smart contract platforms like ADA, ETH, DOT, AVAX, etc. But the crypto space is completely open for anyone to build ANYTHING on including garbage and scams. Shib, Doge, Hex, and failed experiments like LUNA and UST. If you're looking at your "investment" and think to yourself the only way I can make money is dependent on someone else being a 'bag holder' at a higher price then you're all invested and looking at all the wrong things in this space. It's like you're looking at the telephone and thinking its bad because it can be used for scams or garbage spam calls, the Internet is bad because the same reasons. If you're all putting money into 'projects' in this space but cannot come up with any reasons how the project will create real world value and how that value will accrue to it's token then you probably shouldn't be in this space because you're just going to fall for garbage, junk, and scams. I gotta reiterate too this space is permissionless and censorship resistant so there will always be plenty of garbage, junk, and scams to go around. Technologies are double edged swords like that. Combustion can be used to create engines, trains, cars, and aircraft. It can also just create very large explosions. Unless you're just gambling don't put money into anything having to do with crypto unless you can answer two very basic questions - does this project create value? Does that value accrue to the token? If you can't do that and you find yourself in zero sum games losing money then you need to be looking in the mirror and nowhere else.

nadakbar

Ahh sorry I never actually explained how we earn coins 😂 but yes what the guy above said, multiple ways to earn HNT, proof of coverage and data packets are the primary means. So if you have hotspots around you then you can earn. Also if sensors are sending data over lorawan then you also earn. Its not a consistent amount like traditional mining which is measured is mhash but if you have a good setup then it averages out over time. As more hotspots come online then the amount of HNT you make also goes down as we are all fighting for a fixed amount of HNT per month (currently 1.5million hnt since last halving)

samplebitch

Just like some coins have 'proof of work' or 'proof of stake', helium works on 'proof of coverage'. The hotspots have a LoRaWAN antenna which is a very low power form of sending radio signals. One hotspot might send out a beacon (essentially saying "I'm here, anyone listening?" and other hotspots nearby will say "Hey I just heard that hotspot send out a beacon". Whenever you either send a beacon or 'witness' a beacon, you make a small amount of HNT. The end goal is to create a network for use by mobile/remote devices. Think air quality monitors, weather stations, package tracking, tracking a fleet of company vehicles, etc. Basically anything that's outside that you might want to track and/or collect data from. These devices will be able to connect to the Helium network and send data. The hotspots that pick up that data will get a small cut of the 'data credits' that were purchased to use the network.

Bpool91

What do the hotspots actually do? If no one uses them do you make 0 HNT?

nadakbar

You can also earn HNT as a validators which does not require a box thing but has a minimum of 10k HNT to spin one up so... Requires either purchasing outright or previously having mined some

nadakbar

Yep I have 3 of them, not very profitable any more, so if you have a good setup, good high antenna and good location then you can look to make $4-5 per hotspot. But it is very much dependant on your location and height of your antenna. Good thing is that it uses almost 0 electricity. I bought 3 hotspots last July for roughly £400 each and then all ROI'd before the end of 2021. They have recently carried out a network upgrade that has reduced further load on hotspots but currently its a fire fight and filled with bugs. The plan is that more partners join the network and I do get a bit of traffic on my hotspots throughout the day so it's definitely getting some use. Also staking is available for HNT on binance if required for some compounding.

samplebitch

That’s the only way to mine HNT

Bpool91

HNT. Do you have one of the little router things.