Started By
Message

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

Posted on 11/4/21 at 1:36 pm to
Posted by Korkstand
Member since Nov 2003
28738 posts
Posted on 11/4/21 at 1:36 pm to
My hotspot came in a couple days ago, still syncing. Is it supposed to show a progress % at some point or does it just go to synced?


I'm going to start deploying and testing devices soon, so if I hit on something neat I'll bump again.

One of the first I will build will be a water meter monitor. I finally got around to buying one of those Flume units, but the sons of bitches put API access behind a paywall now. No way I'm paying $50/year to get minute-to-minute water use stats, it will never be worth it.
Posted by Korkstand
Member since Nov 2003
28738 posts
Posted on 11/7/21 at 7:13 pm to
It finished syncing and I've mined my first (fractional) HNT. Never thought I would be so excited about 32 cents.

RAK is dropping another batch of MNTDs on the 16th. Get signed up for the newsletter here.

HNT has been surging the last few days. It touched $50 but is currently around $44. For reference it was around $14 when I started this thread in April.



I know it might seem that you'd be getting in the game too late right now, but we're still on the ground floor with this. I don't mean the price of HNT necessarily, but more so the IoT market in general. Yes there are already 300k miners out there, but checking the coverage map we're maybe 1% of the way to where it needs to be. When coverage is as widespread as cellular, a LOT of applications will be possible, and you can own and operate (and profit from) part of the network.

Today people pay ~$100/year for cellular pet tracking. frick that, it needs to be less than $10/year. Helium will do that.

Businesses and governments pay $10-20 per month per vehicle to track fleets. frick that, Helium will do it for $1/month.

Tens of millions of packages are shipped each day, and they damn sure won't be tracked via cellular. Helium will do this.

Smart utility metering, herd tracking/management, hyper-local weather, and on and on. There are applications that no one will think of until we have ubiquitous ultra-cheap connectivity using devices that are basically disposable, and that's what we're approaching with Helium.

There are competing technologies like sigfox and lte-m and wifi-ah, but I don't think any of them have the potential of helium. I think it was a stroke of genius to use crypto to incentivize building and operating the network.
first pageprev pagePage 1 of 1Next pagelast page
refresh

Back to top
logoFollow TigerDroppings for LSU Football News
Follow us on Twitter, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookTwitterInstagram