I have a few issues with others sites scraping me at the moment this Helium HNT vs Bitcoin & Ethereum was posted on mightygadget.co.uk
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Tushar Jain is managing partner at Multicoin Capital, a prominent investment firm and one of Helium's largest investors.
Many states and cities have also expanded their usual worker protection laws during the pandemic. Michigan Gov. Gretchen Whitmer, for instance, issued an executive order in early April prohibiting companies from firing people who stay home for certain coronavirus related reasons. And the Texas Workforce Commission has issued guidance saying that Texans can receive unemployment benefits if they choose to not return to work for certain COVID-19-related reasons.
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On January 22nd HNT began to pump again, raising the public trading value from $1.50 to its current $6.76.
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To sum up, what worked really well a couple of years ago might not work with the same efficiency now.
Get paid to improve your community by hosting a Helium hotspot. The first peer-to-peer network built by people, not corporations.
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The Nebra HNT Indoor Hotspot Miner earns HNT Helium tokens when devices connect, and for validating wireless coverage delivered by peers. Using a system called Proof-of-Coverage, Hotspot Miners earn more HNT when they're in range of other miners, but need to be at least 300 metres apart.
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At this point as you have pointed out, there are not many. About 20 that I saw at last count.
I didn’t join iHub for the coins by the way “going up” like you say, I joined for the tech period. And been around some people who are smarter than me who understand iOT.
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Just one last thing. “Then don’t regurgitate bullshit revenue claims you haven’t verified.” What claims have I made other than stating they have about 20 customers and some revenue.
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But I still can’t say why these tokens are rising in value. The idea is that customers who want to use the Helium network of public hotspots use HNTs to buy data credits on the network. A data credit is worth $0.00001, which means that $1 gets you 10,000 data credits. When an HNT buys a data credit, the HNT is burned, so as people use the network and buy more data credits, the overall number of HNTs could drop (although more are continuously being mined).
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Hotspots are chosen by the network to issue challenges, encrypted messages over the Internet, to a target group of Hotspots. Challenges are used by Proof-of-Coverage to validate wireless coverage. Hotspots can issue challenges from any location, not just to local Hotspots.
I stumbled into Helium at the beginning of the year via a friend. Never heard of iHubGlobal or Emerit until a few weeks ago.
They evaluated that the network growth and deployment of units via the purchasing of units by members, was too slow of a plan, especially with all the supply issues experienced over the last year.
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And so we get sermons about stupid people. Because MLM crypto is full of stupid people, this isn’t surprising.
If any level 2 affiliates recruit new affiliates, they are placed on level 3 and so on and so forth down a theoretical infinite number of levels.
Privacy & Security – It provides total encryption from Device to Cloud.Reliability & Scalability – Helium blockchain makes scaling secure & easy.Open Sourcing – Helium is committed to open collaboration.
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Great explainer article and congratulations on the found money. One question, doesn’t $1 give you 100,000, not data credits? $1/$0.00001 per data credit “A data credit is worth $0.00001, which means that $1 gets you 10,000 data credits.”
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iHub.Global has taken the existing Helium business model and added an MLM layer to redistribute the normal commissions. This has been done before with affiliate shopping models as an example. There is nothing illegal with doing this, but it does beg the question, why not just go directly to the source of revenue and earn 100% of the commissions? Of course, unless you are not buying the product and only referring others to buy the product for which you can earn MLM referral commissions.
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im new here so this may seem like a dumb question, but all I am seeing is small devices that send a packet every so often to this network. can it actually be used as an internet substitute for things like surfing the web or watching a youtube video? what are its limitations? thanks
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If anything, this small number of users gaming the system make my original review conclusions still valid. If you were to buy a single hotspot and deploy it in Hull, you would be waiting a long time for a positive return on investment.
At one point I was earning around 5HNT per day, but this seems to have reduced down to around 3. The one big exception was when I was awarded four lots of rewards on the same day for a consensus, netting me around 50HNT in total.
Because The People’s Network is an open, transparent, decentralized network, you can check out my hotspot’s activities and rewards online.
Mark goes into great detail about the company's process for bringing new users and device manufacturers onto the network, outlines the company's strategy and helps me understand Helium's competitors and the challenges the network faces. He also shares some pretty awesome growth predictions for this year and beyond.
I think for anyone enthusiastic about cryptocurrency, blockchain, IoT or just technology, in general, this is an exciting project to be part of.
Please note, some countries do not have a suggested frequency which typically means that LoRaWAN is not permitted or illegal. You will need to double check with your local authority for local laws and regulations before purchasing a hotspot. Is the Linxdot Hotspot FCC/CE/RCM certified?
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As you have said this tech has been out there quite a while now but it is all regional or for niche markets.
First of all, The long-term value of any cryptocurrency coin or token is based on its utility demand. For what purpose would anyone buy and use the coin outside of speculative trading?
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That way if a company wanted to connect a smoke detector to the internet, it could afford to do so in a manner that wouldn’t make the device cost-prohibitive, or require the manufacturer of the smoke detector to create a subscription plan simply to pay for data. The cellular industry is trying to build a low-cost network for IoT on traditional licensed spectrum called NB-IoT. Other companies, such as Sigfox and Senet, are also trying to build low-power IoT networks from scratch.
Yet at the same time you write “paper weights” & “free” hardware is a marketing gimmick” with so much evidence.
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So even if you hate selling, with iHub you can’t help but grown a downline of over 100 in a few weeks like I have. And only serious marketers by the $99 marketing funnel most just use the free back office as its plenty good enough.
Or you dont have that skills and not into the MLM concept, get your own miner and work stand alone.
Then I learn that the Helium network can be easily spoofed by attenuating the antenna output and ‘Asserting’ the location the Hotspot, wherever you want in the world.
The amount of HNT distributed to Hotspots depends on the type of “work” they perform based on the value to the network. This validation of network contribution is accomplished by a new work algorithm called Proof-of-Coverage (PoC).
HNT token itself is just as useless as ever, and there have been no significant announcements by Helium Network. At least nothing that’d cause a $50+ million 24 hour trading spike.
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More episodes of The Hotspot are available on your favorite podcast app: https://link.chtbl.com/thehotspot Jun 5, 2021 49 min 12. FairSpot
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The Nebra hotspot miners come with two options for managing your hotspot remotely:
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Obviously, you ignored what I said, even if it was at 50c we could make a lot of money because it literally cost us nothing to plug the miner in.
The network side of things is handled by Helium Network, creators of HNT. Note however that actual hotspot internet connectivity still requires access traditional internet connection.
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Mark goes into great detail about the company's process for bringing new users and device manufacturers onto the network, outlines the company's strategy and helps me understand Helium's competitors and the challenges the network faces. He also shares some pretty awesome growth predictions for this year and beyond.
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But I still can’t say why these tokens are rising in value. The idea is that customers who want to use the Helium network of public hotspots use HNTs to buy data credits on the network. A data credit is worth $0.00001, which means that $1 gets you 10,000 data credits. When an HNT buys a data credit, the HNT is burned, so as people use the network and buy more data credits, the overall number of HNTs could drop (although more are continuously being mined).
Helium says to allow 24 to 48 hours to fully sync with the blockchain. It took my hotspot about 24 hours.
Can be a little pricey: The price of a hotspot is more than $400 with no guarantee you will recoup your investment.Shipping delays: Due to demand and supply chain issues, manufacturing and delivery of hotspot units have been delayed by months.Earnings not guaranteed: Your ability to earn Helium cryptocurrency will depend upon how many other hotspots are in your area.
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They are trying to grow a global network (powered by the people) of these hotspots giving them worldwide coverage. However, as they are not giving them away for free, or even cheap, they instead reward you for running a hotspot with their very own Helium (HNT) cryptocurrency.
Well, the first way to earn HNT is by simply transferring data from devices on the Helium network. Helium says that around one-third of the mining rewards are for transferring data, and how much you receive depends on how much data your Hotspot is responsible for.
Mining HNT with Hotspots is done via radio technology, not expensive or wasteful GPUs.
Cryptocurrency is real and it will be adopted by the mainstream public some year as it matures to become easy, safer, and useful. But for now, it is being used by conmen to attract greedy people no differently than the snake-oil salesmen of the early settling pioneers of America.
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