What is The Helium Network: Why your hotspots is not making enough money



What is The Helium Network: Why your hotspots is not making enough moneyWhat is The Helium Network: Why your hotspots is not making enough moneyWhat is The Helium Network: Why your hotspots is not making enough money

  • Name: What is The Helium Network: Why your hotspots is not making enough money
  • Duration: 22m 33s
  • Uploader: cryptonewsplus
  • Added On: 10 June, 2021
  • Views: 3991
  • Likes: 160
  • Dislikes: 12
  • Video Source: YouTube

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Helium mining: how HIP 15 & 17 can effect your earnings. What are HIP (helium improvement processes) 15 and 17? And their impacts on the following: Will I make money with Helium ? Should you buy the Helium Hotspot? How many Helium miners can I own Answers will depend on your location, if you are in Modesto or Manhattan for example then your earningsas you will see there are already some saturated locations, which are barely making 10 hnt tokens a month which is still feasible, but definitely not as profitable. So let’s dive into the details. The performance of the hotspot miners I will be showing due to the area saturation which is caused by two main factors, so please do not get discouraged since this is not the purpose of this video, on the contrary, the purpose here is to show you how to avoid those mistakes in your cities. Luckily, the helium community figured this out and introduced the Helium improvement processes number 15 and 17, which are basically restructuring the beaconing and the reward. So, before i dive into the hip 15 and hip 17 let me give you a good example about the helium network? This will help you understand the helium network and apply my inputs to your specific case scenario and obviously before you start asking those question: How much does a Helium Hotspot cost? What is the best helium hotspot miner? How much my hotspot will earn? How to Obtain a Helium Hotspot and Start Mining HNT? First we need to understand, what is the helium network? It is a wireless network that provides data transfer to IOTS (internet of things) through the hotspots. So lets assume I own a XYZ logistic company and i would like to track my trucks going from California to Newyork. So, I subscribe to the helium network to track them and pay x amount for the service (similar to cel towers). So, this XYZ company is paying helium for internet access and helium network will pay you once this truck enters your coverage and uses your hotspot, DOES IT MAKE SENSE? So, the more area you cover the higher than chance IOT's will use your network which means the more rewards you earn. Also, HIP 17 and HIP15 wanted to solve the issue of density target which you can read more about them through those two links: https://github.com/helium/HIP/blob/master/0015-beaconing-rewards.md https://engineering.helium.com/2020/12/09/blockchain-release-hip-17.html We are talking here about IOTs which are the internet of things, and if you are not very there is a link of a short video about the internet of things; it is important to watch it, if you want to know how powerful helium network is for the IOT’s which are basically the future of our planet. For the device that helps you with Geolocation: https://glamos.eu/ And if you want to evaluate your hotspot performance: https://mylar.app/ #passiveincome #helium #cryptomining

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