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1 Month With a Bobcat Miner 300 Running on the Helium (HNT) Network

1 Month With a Bobcat Miner 300 Running on the Helium (HNT) Network


29
Nov
2022

The Helium (HNT) project is something quite interesting with a lot of potential in the future. It is an effort to create a global wireless network by utilizing Proof-of-Coverage as a work algorithm with dedicated Hotspots (miners) that are providing legitimate wireless coverage to expand the network. Helium’s LongFi combines the LoRaWAN wireless protocol with Helium blockchain so any LoRaWAN device can transfer data on the Helium Network. Helium’s Technology allows anyone to build out massive, cost-effective wireless infrastructures in an entirely new business model that benefits everyone. It opens the doors to many new ideas for low power devices with long battery life and network connectivity regardless of their location. The network relies on people to build and maintain the wireless coverage and as a result the participants are being rewarded the native HNT token of Heli and the company behind the project is already working on building a 5G network as well.

Helium started very strong, creating a big demand for Helium Hotspots or miners, and with price of the HNT token peaking at about $44 USD during the last crypto bull run it is no wonder it got very quick growth worldwide with users buying and installing compatible hotspot devices all over the world. Since this happened at the beginning of 2022 the price of the HNT token has been going down and it is currently at just around $2.5 USD and the big question is now if it is worth joining in now by getting a Helium hotspot and installing it at home? There are a lot of second-hand Helium “miners” on the second-hand market (even unused devices) at a significantly lower prices and manufacturers are also not having trouble keeping supply as the demand has significantly subdued from the peak demand earlier this year.

We got a great deal on a brand-new Bobcat Miner 300 and decided to give it a try and see what it can earn in a month. So, we just plugged in the Bobcat and connected it to the Helium network, placing the device near the window and the antenna on the window so that it has better signal coverage. We do that in a densely populated area in Los Angeles with a quite a few other hotspots around, so the transmit scale is far from optimal (0.19 to 0.38)) and our earnings are not the maximum that is possible. However most home users are not very flexible on where they can put a Helium miner and if you get the device to use at home, then it is highly likely that your…

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