Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Helium(HNT) Mining in Ireland
#1
So in the whole cryptocurrency space, found this project for passive income and found that there was quite a few clusters of people in Ireland doing it. It seems to work by a proof of coverage system, so you earn passive income paid in HNT (42$ per HNT at the minute) 

"Hotspots provide miles of wireless network coverage for millions of devices around you using Helium LongFi, and you are rewarded in HNT for doing this. And because of an innovative proof-of-work model (we call it “Proof-of-Coverage”), your Hotspot only uses 5W of energy"

They seem to benefit from having an outdoor antenna / mounting them up high and spacing them as far apart as possible to create as much coverage as possible, basically acting a bit like an ISP by having multiple cell towers. 

I wonder do these "LoRa" antennas differ from the typical 4G antenna. From what I can tell this thing uses something in the 800-900 Mhz frequency
They seem to retail for about 500$. There's a couple of clusters in Ireland and some of them are cleaning up money wise. Earning a lot of HNT per month, some people making thousands a month from some small 5 device clusters. Return on investment seems really good, basically paying itself off in no time and only 5 watts to run, would be much more realistic than BTC/ETH mining which a big chunk of your income is lost on electricity alone. Seems promising/interesting at the least

Was wondering what do you think about this? They seem to benefit by having "witnesses" from what I can tell , means connect to eachother, so probably needing line of sight. I see some fella in killybegs with a cluster upBig Grin 

Here's the map of where the nodes are: https://explorer.helium.com/hotspots

The map of nodes , when you click on them , tells you how much HNT each earns per month and per day, and the balance.
Reply


Forum Jump:


Users browsing this thread: 1 Guest(s)