It is Apr 2021 as I write this, and like many other folks, I got interested with Crypto in 2020. Needless to say, it was during the COVID-19 pandemic.
A couple of days ago, two of the crypto Youtubers (Red Panda Mining & VoskCoin) whom I follow shared about mining with Helium. It is of a very interesting concept, using Proof of Coverage (PoC) method to earn mining rewards. Link to both videos are below. VoskCoin shared his setup of two Helium miners making a total of US$50 a day. That’s really good, with relatively low barrier of entry, and good rate of return. Of course, the earnings will vary.
Unlike Bitcoin and Etherum mining (which use Proof of Work) and are heavy with power consumptions, mining Helium (helium.com) is far less demanding in terms of hardware and electricity.
I quickly jumped on and ordered my first Helium HotSpot produced by Nebra. It is one of two models which have support for Asian frequencies. Specifically for Singapore, you want the AS923 model. Due to the large demand, delivery is currently estimated to be at June 2021. Please use my referral link here and above if you are keen to order a Nebra Hotspot.
So, how does Helium work? I haven’t had a thorough read yet, but this is my quick summary of it. Start by watching the short video by Helium.
So we are essentially participating in The People’s Network by deploying hotspots. Though the miner is a HotSpot, it is not providing WIFI service like your home network. It provides LoRaWAN wireless service, so it’s not a replacement for your home wifi. What I plan to do is to simply find a spot near the window of my apartment, set it up and leave it to mine HNT coins. Very much fire and forget.
For better earnings, you would want other hotspots to be near your area. So the hotspots can validate for each other. Hence, spread the word, get your neighbours interested, and start The People’s Network up in Singapore.
There is also a Discord server setup for SG Helium enthusiasts, the link is https://discord.gg/KKSsMMNHgb
Of course, Helium has it’s own official discord https://discord.gg/helium
I’m looking forward to starting with HNT mining. Will write another post as I receive my unit in a few months.
Disclaimer: I’m sharing information to the best of my knowledge, and it’s not intended to be investment advise. Do your own research and be responsible for your own actions. As with all investments, only use money you can afford to lose. Hope for the best but always prepared for the worst. Good luck, have fun!!