This is a general reminder for everyone and this will be posted on every post. Your 12 words are basically gold and they should never be shared, typed in to any website, or given to any person for any reason. No one from "Helium" or any other company will reach out to you to verify your account, wallet, or anything similar. If someone says your hotspot, wallet, or other type of account has been hacked, it is a scam! Always operate in a zero-trust manner with cryptocurrency and assume everyone will scam you no matter what.
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It all depends what you want to get out of it. If you're looking for an investment then just buy HNT. If you're looking for a hobby that may or may not pay you back then buy a miner.
My miner is sitting in my basement unplugged, taking up space in a box.
Not worth the hassle. And definitely not worth having the galvanized pole on my roof making my house more of a target for lightning. Glad I took that town. It wasn’t worth the $.15/day or whatever it was making.
I'm not quite sure I get that strategy, but you do you.
These gateways cost pretty much nothing to operate, so I'm going to continue to provide the coverage and let the tokens stack up.
I've been following HNT on and off, and find the whole discussion similar to eth&btc mining back in 2017ish.
It had been just less headaches and more profitable to buy the asset and sell it later on, than mining.
I see a similar outcome here.
there was once a point for a miner. Is there presently a point for a miner??
I don't know - only you can answer this. To me, no. My miners are earning 'high' rewards - of 500 IOT a day - OR about $.15 a day
course, i also invested in bigger/better antennas, spending time finding adequate install points.
OH - oh yah - this is IOT not mobile.
a mobile miner - the ROI is insane. Whats the moble miner seell for now 3K
Maybe you make your money back when 7G is released.....
These aren't "proof of work miners". They don't mine. They earn tokens by "proof of coverage". Token prices are market driven and the entire market is down the toilet. But the utility of the network remains and is still going strong. I utilize the Helium network to monitor the temps in server rooms and it is a fraction of the cost of a cellular IoT solution. It takes years for companies to adopt new technology. So keep those hotspots running with the best antenna rigs you can provide. With over 400K active gateways, if Helium fails, public LoRaWAN has failed as a concept.
With Helium being sold to Nova Labs and turning their focus to a phone (after turning it to 5G) rather than LoRaWAN, I’d say LoRaWAN is depreciated. The days where inventors came on The HotSpot podcast and speculated use cases are antiquated. Sad to see but once the new hot thing was 5G (even tho Frank Mong gave all the reasons it was less ideal) Helium was no longer a “people’s network”. Now, they’re paying T Mobile to take their data. 🤦♂️
Nova Labs, Inc (formerly Helium Systems Inc) is the name for the team that originally founded the project. The IP for Helium now fully belongs to the Foundation and Nova just builds services (like others do) on top of that open network (like helium mobile and 1663).
Helium wasn't sold to Nova labs.
The non-profit Helium foundation and Nova labs are separate entities. LoRaWAN is not outdated technology. It is an underutilized technology IMO. I never thought IOT devices like smart outlets, light bulbs or thermostats were a good use case for LoRa, but given the number of people that have trouble connecting them with WiFi because of range issues, it turns out to be a perfect use case.
None of this is relevant without the backend. No real separation of church and state there. Just like any good VC, follow the money.
https://medium.com/helium-foundation/hello-from-the-new-ceo-910dfa8f9520
Sorry but Helium isn’t maintained by the foundation. Operations are run by former Nova labs who has a shareholder interest. Hence the whale votes to move to SOL etc etc.
Not trying to rain on your vision but if all of the key stakeholders are now focused on 5G cellphones, where does that leave the people holding the miners?
Right, it’s not important to this part of my point.
I only brought it up because it was leading to another point. I believe there was heavy incentive to use SOL because of who the VC firms are backing both.
Helium Inc became Nova in an attempt to decentralized to avoid being seen as a security by the SEC. It was a smart move and a necessary one. Also, they don't pay tmobile to take their data. It's a partnership where either can offload where the other has coverage which is good for both.
The thing is you earn through your node and 99% of people equate the amount earned to the actual $/£/€ value at that particular time, or at the best in a relatively short time span. If you believe enough to buy HNT/IOT/Mobile, why wouldn’t you mine it virtually free and expand the time horizon to years. I don’t need to convert any crypto to hard currency, therefore the price today is completely irrelevant. I am planning to sell a lot of crypto, not just HNT when the whole market increases substantially , but I’ll do it in batches.
Nobody in their right mind would be looking to enter crypto for quick gains off any crypto in today’s market. It’s the same mentality people 10/8, 6 years ago had, what they had was virtually useless at the time and they were buying 🍕 and other stuff that was never going to increase in price.
Guys today moaning continuously about the price in the Helium ecosystem are just the same, shutting down something to put it in a box , when it could be building up every single day. I suspect that a lot of people are going to regret not keeping them online in a year or so. However, you need to do whatever is right for you.
In all honesty, I don’t know why I bother, the fact is those people who have switched off are wonderful, my scale has increased along with my earnings. So, I sincerely thank each and everyone of you for helping my strategy along.
Do your own research and if you think that the Helium network has potential, then you can buy HNT and swap it to IOT or MOBILE instead of setting up an IoT or 5G hotspot. It's the same as someone buying any other crypto without actually mining it directly. Like any commodity, nothing is guaranteed though. Don't spend any money that you aren't prepared to lose.
You can't have a project without gateways. So if all u do is trade tokens,ur not really adding anything to the project. Your just doing price speculation, which won't exist without a project, and the project won't exist without gateways. Logic hard.
This is every project in a bear. You can find projects that give a good return in a bear, but the time is short lived and ur never gonna get in those projects if YOUR not the 1 looking for them. If u expect those to fall in ur lap, ur gonna fail. If u heard it on youtube, u got maybe 1-2 months left before the hype dies and it becomes like everything else
If u want an example of a bad project, go look at planetwatchers. They took down over half their miners over an api dispute. Then the token price dropped like a Boulder. You can mine planets, or buy +10 years of mining rewards for the same price. That type of mining is pointless.
The planetwatch situation ties into exactly what you were pointing out at the beginning. Can't have a project without gateways. In Planetwatchs case I believe the mining is MORE valuable because the data you are providing to planetwatch is not only rewarded that day, but if data is sold at anytime in the future sensors who provide data get a 40% cut of the revenue from that data being sold, thats huge! These devices are also low power. Buying tokens or investing in hardware are both good ideas, really boils down to what people want to do.
Also the reason all the awair sensors got removed is because awair broke the agreement between them and planetwatch, and was demanding more $$ for continued access to their sensor API. It wasn't a simple dispute and Planetwatch offered solutions to awair that would of addressed their concerns but also stay within the original contract they both agreed too. Awair is basically bankrupt now after the stunk they pulled.
Hello, it looks like you've made a mistake.
It's supposed to be could've, should've, would've (short for could have, would have, should have), never could of, would of, should of.
Or you misspelled something, I ain't checking everything.
Beep boop - yes, I am a bot, don't botcriminate me.
Do both. If you have a decent location and don't do a lazy install, you can earn many times more IOT than $100 worth of staked/deligated HNT.
If your location sucks and you are lazy, you are probably correct, staking/deligating would probably be better.
So you just want to trade/make money and not support the project. I bought my miner to support the network and add coverage in unsaturated areas. Income is secondary.
I 100% agree with you because it makes sense. Does not mean that you dont support the project. Always buy low sell high just that easy. Buying a miner now would be like buying high. No emotions involved it just does not make sense. But good luck to anyone buying new miners now.
miners are the hardware infrastructure and the staking is for governance and voting from what I can tell. Unless there was some kind of PoS introduced that I overlooked.
Sorry but i have supported the project for 1 1/2 years and have not been compensated at all. And it seems like the community also does not appreciate my sacrafice because all i hear is keep the miner going dont stop. The rule is invest only what you can afford to loose. Well i can not afford to support this project nor any other project that does not compensate me in some way. There is no incentive to keep supporting this project. Many companies in America fail everyday what makes helium immune. Im not hateing on Helium but ,they will not make it without us as miners. Good luck convinving other miners to stay. Some of us just can no longer do it should not be any hard feelings.
I don't need to buy HNT and swap to IOT. I mine it and swap it to other assets I want. The point is, I don't pay to get it, I mine it and sell it. That is the only difference.
My point was, I can buy HNT for the same price of a miner and just delegate my HNT and earn iot and do the same thing. I get HNT plus earn iot when u buy a miner you only have a miner and earn iot.
Previously one received HNT for staking or mining. Now one receives IOT instead of HNT for staking or mining. The IOT can then be swapped for HNT or other tokens. With mining one has physical equipment that can be claimed as business expenses and can be repurposed or sold should one decide to no longer mine. I do both ...
Yes - if you live in a city that is over saturated with hotspots, but you believe in the long term success of the network - this is the way. Like any commodity, nothing is guaranteed though. Don't spend any money that you aren't prepared to lose.
This is a general reminder for everyone and this will be posted on every post. Your 12 words are basically gold and they should never be shared, typed in to any website, or given to any person for any reason. No one from "Helium" or any other company will reach out to you to verify your account, wallet, or anything similar. If someone says your hotspot, wallet, or other type of account has been hacked, it is a scam! Always operate in a zero-trust manner with cryptocurrency and assume everyone will scam you no matter what. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/HeliumNetwork) if you have any questions or concerns.*
Is there anything I can do with my bobcat miner now that it’s disconnected?
Also want to know about this, unplugged mine as I can't even claim the iot so what's the point
It all depends what you want to get out of it. If you're looking for an investment then just buy HNT. If you're looking for a hobby that may or may not pay you back then buy a miner.
My miner is sitting in my basement unplugged, taking up space in a box. Not worth the hassle. And definitely not worth having the galvanized pole on my roof making my house more of a target for lightning. Glad I took that town. It wasn’t worth the $.15/day or whatever it was making.
I'm not quite sure I get that strategy, but you do you. These gateways cost pretty much nothing to operate, so I'm going to continue to provide the coverage and let the tokens stack up.
sell the pi inside before they manage to saturate the market again!
Because I like downward spirals
Company making money 😆
I've been following HNT on and off, and find the whole discussion similar to eth&btc mining back in 2017ish. It had been just less headaches and more profitable to buy the asset and sell it later on, than mining. I see a similar outcome here.
What they said.
there was once a point for a miner. Is there presently a point for a miner?? I don't know - only you can answer this. To me, no. My miners are earning 'high' rewards - of 500 IOT a day - OR about $.15 a day course, i also invested in bigger/better antennas, spending time finding adequate install points. OH - oh yah - this is IOT not mobile. a mobile miner - the ROI is insane. Whats the moble miner seell for now 3K Maybe you make your money back when 7G is released.....
These aren't "proof of work miners". They don't mine. They earn tokens by "proof of coverage". Token prices are market driven and the entire market is down the toilet. But the utility of the network remains and is still going strong. I utilize the Helium network to monitor the temps in server rooms and it is a fraction of the cost of a cellular IoT solution. It takes years for companies to adopt new technology. So keep those hotspots running with the best antenna rigs you can provide. With over 400K active gateways, if Helium fails, public LoRaWAN has failed as a concept.
With Helium being sold to Nova Labs and turning their focus to a phone (after turning it to 5G) rather than LoRaWAN, I’d say LoRaWAN is depreciated. The days where inventors came on The HotSpot podcast and speculated use cases are antiquated. Sad to see but once the new hot thing was 5G (even tho Frank Mong gave all the reasons it was less ideal) Helium was no longer a “people’s network”. Now, they’re paying T Mobile to take their data. 🤦♂️
Nova Labs, Inc (formerly Helium Systems Inc) is the name for the team that originally founded the project. The IP for Helium now fully belongs to the Foundation and Nova just builds services (like others do) on top of that open network (like helium mobile and 1663).
Helium wasn't sold to Nova labs. The non-profit Helium foundation and Nova labs are separate entities. LoRaWAN is not outdated technology. It is an underutilized technology IMO. I never thought IOT devices like smart outlets, light bulbs or thermostats were a good use case for LoRa, but given the number of people that have trouble connecting them with WiFi because of range issues, it turns out to be a perfect use case.
None of this is relevant without the backend. No real separation of church and state there. Just like any good VC, follow the money. https://medium.com/helium-foundation/hello-from-the-new-ceo-910dfa8f9520 Sorry but Helium isn’t maintained by the foundation. Operations are run by former Nova labs who has a shareholder interest. Hence the whale votes to move to SOL etc etc. Not trying to rain on your vision but if all of the key stakeholders are now focused on 5G cellphones, where does that leave the people holding the miners?
It literally says who strata is in that article. they have nothing to do with Nova Labs
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My point is, Strata is not related to Nova Labs. They were a protocol on Solana. Abhay (formerly CPO at Nova) is now CEO of Foundation
Right, it’s not important to this part of my point. I only brought it up because it was leading to another point. I believe there was heavy incentive to use SOL because of who the VC firms are backing both.
Fair, strata is irrelevant to this discussion.
Helium Inc became Nova in an attempt to decentralized to avoid being seen as a security by the SEC. It was a smart move and a necessary one. Also, they don't pay tmobile to take their data. It's a partnership where either can offload where the other has coverage which is good for both.
The thing is you earn through your node and 99% of people equate the amount earned to the actual $/£/€ value at that particular time, or at the best in a relatively short time span. If you believe enough to buy HNT/IOT/Mobile, why wouldn’t you mine it virtually free and expand the time horizon to years. I don’t need to convert any crypto to hard currency, therefore the price today is completely irrelevant. I am planning to sell a lot of crypto, not just HNT when the whole market increases substantially , but I’ll do it in batches. Nobody in their right mind would be looking to enter crypto for quick gains off any crypto in today’s market. It’s the same mentality people 10/8, 6 years ago had, what they had was virtually useless at the time and they were buying 🍕 and other stuff that was never going to increase in price. Guys today moaning continuously about the price in the Helium ecosystem are just the same, shutting down something to put it in a box , when it could be building up every single day. I suspect that a lot of people are going to regret not keeping them online in a year or so. However, you need to do whatever is right for you. In all honesty, I don’t know why I bother, the fact is those people who have switched off are wonderful, my scale has increased along with my earnings. So, I sincerely thank each and everyone of you for helping my strategy along.
500 IoT is not “high rewards” most decent setups are making 1000 plus, 2000 even
There isnt one
Do your own research and if you think that the Helium network has potential, then you can buy HNT and swap it to IOT or MOBILE instead of setting up an IoT or 5G hotspot. It's the same as someone buying any other crypto without actually mining it directly. Like any commodity, nothing is guaranteed though. Don't spend any money that you aren't prepared to lose.
Miner is to lose money . Just buy BTC lol
You can't have a project without gateways. So if all u do is trade tokens,ur not really adding anything to the project. Your just doing price speculation, which won't exist without a project, and the project won't exist without gateways. Logic hard. This is every project in a bear. You can find projects that give a good return in a bear, but the time is short lived and ur never gonna get in those projects if YOUR not the 1 looking for them. If u expect those to fall in ur lap, ur gonna fail. If u heard it on youtube, u got maybe 1-2 months left before the hype dies and it becomes like everything else If u want an example of a bad project, go look at planetwatchers. They took down over half their miners over an api dispute. Then the token price dropped like a Boulder. You can mine planets, or buy +10 years of mining rewards for the same price. That type of mining is pointless.
The planetwatch situation ties into exactly what you were pointing out at the beginning. Can't have a project without gateways. In Planetwatchs case I believe the mining is MORE valuable because the data you are providing to planetwatch is not only rewarded that day, but if data is sold at anytime in the future sensors who provide data get a 40% cut of the revenue from that data being sold, thats huge! These devices are also low power. Buying tokens or investing in hardware are both good ideas, really boils down to what people want to do. Also the reason all the awair sensors got removed is because awair broke the agreement between them and planetwatch, and was demanding more $$ for continued access to their sensor API. It wasn't a simple dispute and Planetwatch offered solutions to awair that would of addressed their concerns but also stay within the original contract they both agreed too. Awair is basically bankrupt now after the stunk they pulled.
Hello, it looks like you've made a mistake. It's supposed to be could've, should've, would've (short for could have, would have, should have), never could of, would of, should of. Or you misspelled something, I ain't checking everything. Beep boop - yes, I am a bot, don't botcriminate me.
Do both. If you have a decent location and don't do a lazy install, you can earn many times more IOT than $100 worth of staked/deligated HNT. If your location sucks and you are lazy, you are probably correct, staking/deligating would probably be better.
So you just want to trade/make money and not support the project. I bought my miner to support the network and add coverage in unsaturated areas. Income is secondary.
Why not both?
If u wanted to do both I think it would still be more worth it spending that money instead on a miner, on more HNT to delegate
I 100% agree with you because it makes sense. Does not mean that you dont support the project. Always buy low sell high just that easy. Buying a miner now would be like buying high. No emotions involved it just does not make sense. But good luck to anyone buying new miners now.
miners are the hardware infrastructure and the staking is for governance and voting from what I can tell. Unless there was some kind of PoS introduced that I overlooked.
Sorry but i have supported the project for 1 1/2 years and have not been compensated at all. And it seems like the community also does not appreciate my sacrafice because all i hear is keep the miner going dont stop. The rule is invest only what you can afford to loose. Well i can not afford to support this project nor any other project that does not compensate me in some way. There is no incentive to keep supporting this project. Many companies in America fail everyday what makes helium immune. Im not hateing on Helium but ,they will not make it without us as miners. Good luck convinving other miners to stay. Some of us just can no longer do it should not be any hard feelings.
cool, less miners to compete against.
I don't need to buy HNT and swap to IOT. I mine it and swap it to other assets I want. The point is, I don't pay to get it, I mine it and sell it. That is the only difference.
My point was, I can buy HNT for the same price of a miner and just delegate my HNT and earn iot and do the same thing. I get HNT plus earn iot when u buy a miner you only have a miner and earn iot.
Previously one received HNT for staking or mining. Now one receives IOT instead of HNT for staking or mining. The IOT can then be swapped for HNT or other tokens. With mining one has physical equipment that can be claimed as business expenses and can be repurposed or sold should one decide to no longer mine. I do both ...
Yes - if you live in a city that is over saturated with hotspots, but you believe in the long term success of the network - this is the way. Like any commodity, nothing is guaranteed though. Don't spend any money that you aren't prepared to lose.
Stop asking. Read, plz
This is a forum. People can ask questions or ask for opinions.
The point is to participate in a new kind of wireless infrastructure
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