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

Posted on 4/28/21 at 2:20 pm to
Posted by Korkstand
Member since Nov 2003
28709 posts
Posted on 4/28/21 at 2:20 pm to
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).
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
35349 posts
Posted on 4/28/21 at 2:29 pm to
Just got on the freedom fi waitlist
Posted by CarRamrod
Spurbury, VT
Member since Dec 2006
57457 posts
Posted on 4/28/21 at 2:46 pm to
frick it. me too
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
35349 posts
Posted on 4/28/21 at 2:48 pm to
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.
Posted by CarRamrod
Spurbury, VT
Member since Dec 2006
57457 posts
Posted on 4/28/21 at 2:58 pm to
mine came with an id number
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
35349 posts
Posted on 4/28/21 at 3:04 pm to
frick lol
Posted by Korkstand
Member since Nov 2003
28709 posts
Posted on 4/28/21 at 3:04 pm to
My id number is more than 4 billion. I hope that's not my spot in line.
Posted by CarRamrod
Spurbury, VT
Member since Dec 2006
57457 posts
Posted on 4/28/21 at 3:45 pm to
1.3 billion.... ill tell you how it is.
Posted by Grifola
Member since Aug 2017
139 posts
Posted on 4/28/21 at 4:58 pm to
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.
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
35349 posts
Posted on 4/28/21 at 6:14 pm to
Still no response
Posted by Korkstand
Member since Nov 2003
28709 posts
Posted on 4/28/21 at 7:44 pm to
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.
Posted by Limitlesstigers
Lafayette
Member since Nov 2019
2854 posts
Posted on 4/29/21 at 4:51 am to
Was thinking of buying one of the cheap bobcat models.
Posted by Johnpettigrew
Louisiana
Member since Sep 2017
1633 posts
Posted on 4/29/21 at 6:28 am to
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.
Posted by CarRamrod
Spurbury, VT
Member since Dec 2006
57457 posts
Posted on 4/29/21 at 8:39 am to
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?
Posted by Fat Batman
Gotham City, NJ
Member since Oct 2019
1382 posts
Posted on 4/29/21 at 9:58 am to
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?
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
35349 posts
Posted on 4/29/21 at 12:14 pm to
Got a response. 1.1B
Posted by CarRamrod
Spurbury, VT
Member since Dec 2006
57457 posts
Posted on 4/29/21 at 3:34 pm to
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
Posted by bluebarracuda
Member since Oct 2011
18242 posts
Posted on 4/29/21 at 6:50 pm to
They have an 8-12 week delivery time too right?
Posted by junkfunky
Member since Jan 2011
33910 posts
Posted on 4/30/21 at 10:37 am to
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 arse.

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 4/30/21 at 11:22 am
Posted by CarRamrod
Spurbury, VT
Member since Dec 2006
57457 posts
Posted on 4/30/21 at 11:31 am to
quote:

Helium hotspot app's authentication is a pain in the arse.
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 4/30/21 at 12:12 pm
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