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Korkstand
LSU Fan
Plaquemine, LA
Member since Nov 2003
21657 posts
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re: Which one of you made $10k last month mining Helium?
quote:

aaahh not so cheap
Well, we are talking about a 5G cellular node.
quote:

the plain helium miners, if you can get one, are cheaper than that. i wonder the mining differences.
It's anyone's guess, but odds are the 5G ones will make more just due to the fact that they also have a LoRa radio like the regular helium miners.

I'm getting into it for the long haul, though. Think about what this is: a community-owned 5G network. Hotspot owners/operators will get rewarded not only for building the network (via mining), but also will get a share of the fees for use of the network (via service/data payments from subscribers).


JohnnyKilroy
New Orleans Pelicans Fan
Cajun Navy Vice Admiral
Member since Oct 2012
28217 posts
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re: Which one of you made $10k last month mining Helium?
Just got on the freedom fi waitlist


CarRamrod
USA Fan
Spurbury, VT
Member since Dec 2006
53147 posts

re: Which one of you made $10k last month mining Helium?
frick it. me too


JohnnyKilroy
New Orleans Pelicans Fan
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Member since Oct 2012
28217 posts
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re: Which one of you made $10k last month mining Helium?
The email I got said my reservation ID number is __________. You will need this ID number to place your final order.


Lol. I immediately replied with a screenshot and asked what my id number is.


CarRamrod
USA Fan
Spurbury, VT
Member since Dec 2006
53147 posts

re: Which one of you made $10k last month mining Helium?
mine came with an id number


JohnnyKilroy
New Orleans Pelicans Fan
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Member since Oct 2012
28217 posts
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re: Which one of you made $10k last month mining Helium?
frick lol


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Korkstand
LSU Fan
Plaquemine, LA
Member since Nov 2003
21657 posts
 Online 

re: Which one of you made $10k last month mining Helium?
My id number is more than 4 billion. I hope that's not my spot in line.


CarRamrod
USA Fan
Spurbury, VT
Member since Dec 2006
53147 posts

re: Which one of you made $10k last month mining Helium?
1.3 billion.... ill tell you how it is.


Grifola
Member since Aug 2017
28 posts
 Online 

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

For everyone hot on 5G hotspots: the reward mechanism is different to LoRaWAN hotspots

Before you try to get a 5G hotspot, please note what I learned on the Helium Discord today:
As of at the moment: There is no reward planned for proof of coverage. The 5G hotspots will only be rewarded for transporting data.
This means: you will get no reward for just putting up hotspots and providing coverage - unlike the Helium LoRaWan hotspots. You will earn only if 5G devices use your hotspot to connect to the internet.
I am not saying:
• putting up 5G hotspots is not worth it. (Especially if there a products that are combined 5G and LoRaWAN hotspots).
I am saying:
• trying to find out, if you have a good/worthy location to put one in, is very important before you buy.
As always: if experts see that I got something wrong, please let me know.


JohnnyKilroy
New Orleans Pelicans Fan
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Member since Oct 2012
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re: Which one of you made $10k last month mining Helium?
Still no response


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Korkstand
LSU Fan
Plaquemine, LA
Member since Nov 2003
21657 posts
 Online 

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

The email I got said my reservation ID number is __________.
Ok, I have no idea how they are assigning ID numbers (obviously they haven't sold 4 billion of them ), but I have a really stupid theory here about what might have happened to you.

My ID number is incredibly, stupidly close to 2^32. It is within 0.001% of the maximum value of a 32 bit integer, and yours might have overflowed.


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Limitlesstigers
LSU Fan
Lafayette
Member since Nov 2019
834 posts

re: Which one of you made $10k last month mining Helium?
Was thinking of buying one of the cheap bobcat models.


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Johnpettigrew
LSU Fan
Louisiana
Member since Sep 2017
995 posts

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

Yea, and it's impossible to mine it without some solid ASICs


Halving is not why it isn’t impossible to mine. ASICS and farms are and that is why you farm other coins. Im waiting for my helium hotspots to come in and have put a down payment on miners for the new freedomFi 5g network that’s coming. Even if you do not make a fortune on any of these, decentralizing should motivate people. The long term cost savings if you use these alt banking, WiFi, cellular systems will pay for the equipment alone.


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CarRamrod
USA Fan
Spurbury, VT
Member since Dec 2006
53147 posts

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

From Reddit:

For everyone hot on 5G hotspots: the reward mechanism is different to LoRaWAN hotspots

Before you try to get a 5G hotspot, please note what I learned on the Helium Discord today:
As of at the moment: There is no reward planned for proof of coverage. The 5G hotspots will only be rewarded for transporting data.
This means: you will get no reward for just putting up hotspots and providing coverage - unlike the Helium LoRaWan hotspots. You will earn only if 5G devices use your hotspot to connect to the internet.
I am not saying:
• putting up 5G hotspots is not worth it. (Especially if there a products that are combined 5G and LoRaWAN hotspots).
I am saying:
• trying to find out, if you have a good/worthy location to put one in, is very important before you buy.
As always: if experts see that I got something wrong, please let me know.

so set up a hot spot
get a few 5g devices
stream 4k movies all day
profit?


Fat Batman
LSU Fan
Gotham City, NJ
Member since Oct 2019
765 posts

re: Which one of you made $10k last month mining Helium?
How does this work as far as people using your node? Would someone have to be a Helium subscriber to use these 5g nodes (and generate money for me) or is Helium brokering these out to the big networks where anyone with a 5G device can use them? I'm trying to figure out for profitability am I dependant on anyone with a 5G device, or only people "with Helium" and a 5G device?


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JohnnyKilroy
New Orleans Pelicans Fan
Cajun Navy Vice Admiral
Member since Oct 2012
28217 posts
 Online 

re: Which one of you made $10k last month mining Helium?
Got a response. 1.1B


CarRamrod
USA Fan
Spurbury, VT
Member since Dec 2006
53147 posts

re: Which one of you made $10k last month mining Helium?
i just bought a bobcat miner. took forever, make sure you have some USDT ready. I have money in KuCoin im trying to get out they suck. require 2fa, email passcode, AND a 6 digit trading password. hell i dont remember that


bluebarracuda
New Orleans Pelicans Fan
Member since Oct 2011
16160 posts
 Online 

re: Which one of you made $10k last month mining Helium?
They have an 8-12 week delivery time too right?


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junkfunky
LSU Fan
Member since Jan 2011
28581 posts

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

i just bought a bobcat miner


Ordered 4 for me and my brother.

I just converted to some USDC in Coinbase to pay for it and it didn't take long at all but Helium hotspot app's authentication is a pain in the ass.

ETA:
quote:

They have an 8-12 week delivery time too right?


Per my confirmation email:
quote:

Your miner will ship in 8-12 weeks from the time you placed your order.


Hoping it doesn't take that long but I think we should still be able to break even by the end of year either way.
This post was edited on 4/30 at 11:22 am


CarRamrod
USA Fan
Spurbury, VT
Member since Dec 2006
53147 posts

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

Helium hotspot app's authentication is a pain in the ass.
if you dont have your miner yet, why are you messing with this app?

and all yall going to hold helium or transfer to btc?
This post was edited on 4/30 at 12:12 pm


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