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re: Which one of you made $10k last month mining Helium?

Posted on 4/30/21 at 12:51 pm to
Posted by Korkstand
Member since Nov 2003
28738 posts
Posted on 4/30/21 at 12:51 pm to
quote:

and all yall going to hold helium or transfer to btc?
I will probably diversify like with any other investment, but I do think HNT is going to the moon.

Helium is in its infancy, still in the network buildout phase so that's where most of the rewards are going. Over time the rewards will tip to mostly data transfer fees, and I think over the next 5-10 years this is going to grow exponentially. There are just so many untapped uses for LoRa, and almost nobody even knows what it is at this point.

Just a few use cases:

Asset/fleet tracking. Once the helium network is on par with cellular coverage (might happen by year's end), GPS tracking via cellular will be obsolete. Why pay $15+ per month per vehicle when you can use helium for 1/10th the cost? It's so cheap that ranchers use it to track individual cattle. Real-time open/close status of far remote gates just as you have on the doors in your house.

Farmers use it to monitor soil conditions, moisture, etc. Monitor tank/storage levels.

There are boat monitors which do GPS, battery levels, leak alarms, theft, etc.


Anything you can imagine to do with a sensor, you can do via LoRa/Helium. We have barely scratched the surface so far, and I believe tiny battery-powered LoRa devices will become ubiquitous over the next decade. Hotspot operators will be collecting fees for a long time, a fraction of a cent at a time.
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