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Helium Mining is the best and easiest way to get profitable income from home. All you need is to connect a Helium miner / HNT miner to your existing Wi-Fi. In simple language it is similar to a Wi-Fi Access Point. Just plug it in and let others connect, that’s the concept.
What is Helium Mining
If you search a little bit deeper and see how you can turn your WIFI into a home income with Helium mining, you will find endless posts online. But in this post, we are sharing all you need to know about Helium Mining. Helium is one of the newest blockchain networks that is designed to create a decentralized and public wireless network system. Why you call it decentralized and public is because it can be connected to existing Wi-Fi networks in any home / office…etc. And the system will only use 5W power. The aim is to cover the whole world with the Helium LongFi network. As a reward the users who support the growth of the network get rewarded in HNT. Also, there are ways to get Helium Hotspot Activity and Reward Notifications straight to your Discord Channel / Mobile
It is also based on a novel work algorithm called Proof of Coverage (PoC). The idea behind building the Helium blockchain is very much innovative. It doesn’t require a big capital investment, very less effort, no approvals and permits for street hotspot. Even the internet connectivity and grid power need to manage by the individuals who plan to mine. However, the earnings from Mining seems huge. So, this can be a win-win for both Helium and the Miners.
Proof of Coverage (PoC)
The algorithm is created to check and verify the location as they are claimed to be marked on the helium hotspot map. This process is done automatically as an ongoing process. This is called “Proof of Coverage”.
Hardware for Helium Mining
There are around nine helium mining hotspot manufactured for helium mining. Also, with the approval of HIP 19 3rd party manufacturers also got the chance of producing hardware for HNT mining. Which means in the near future there will be more products to support the trend.
With the increasing trend for Helium Mining most of the current hotspots are out of stock. And you need to be on a waiting list to get one.
Things that you need to consider before purchasing a Helium Miner
- Depending on your country the supported frequency of the Wi-Fi varies, therefore it is something that you need to check before making the purchase.
- Though some devices support mining there are limitations, you need to check in details about the product features and make sure that the Helium miner that you are planning to purchase meets your requirement.
Example – Kerlink Helium miner supports various frequencies but if you purchase this you won’t be able to participate in consensus groups which could affect the income.
Minors that are famous in the market
- BOBCAT MINER 300 – Also called as THE PEOPLE’S MINER
- Compatible with Helium LongFi
- Enhanced 4dbi antenna
- Equipped with industrial-grade Rockchip PX30, a high-performance quad-core processor
- Built-in 64GB eMMC flash for better data security/storage
- OTA updates with remote settings change without having to send it back to the manufacturer.
- Uses little power as a 5W
- FreedomFi – Currently out of stock – available through waitlist
- 5G cellular coverage
- Linxdot Hotspot – New release can preorder now
- 3dBi LoRa antenna
- Comes with a 1-year warranty for hardware and software defects
- LongAP – Available in both indoor and outdoor models
- Bulk orders accepted – [email protected]
Finding best location for Helium Miner Installation
Unlike installing normal Wi-Fi access points there are few things that you need to consider when setting a location for the Helium Miner. Think of this as a common public Wi-Fi which provides wireless signal for random external users. Also, if you are the only person that has a public Wi-Fi will it be efficient for the external public Wi-Fi users? The answer is NO. To provide better coverage there should be several Wi-Fi accesses points so that the users can seamlessly connect as they move.
The coverage should be like a mesh
The location of the Helium Minier has a direct impact on the earnings that you make. If you are the only minor in your area, then you will not receive any earnings. But if you can afford to purchase the hardware it will be a good investment for the future.
Key Points when placing your helium mining device
- Place the Mining device with better access for the external users
Example – Close to a Window in roadside - Select a place which is open. Buildings could affect the coverage.
- If you are placing Helium mining devices there should be a distance of 300 meters.
Hotspot Miners can earn more HNT when they’re in range of other miners but need to be at least 300 meters apart. Also, the range depends on the environment: rural areas: ~10 miles or more, dense areas: ~1 mile.
How to find available Helium Miners around you including earnings
Before you invest for a helium miner it is advisable to check the neighborhood around you and find out more about possible earnings. You can do this while you stay at home.
Helium Hotspot Map
Go to the website – https://explorer.helium.com/
Once you visit the site there is a search on the top right-hand corner. Which lets you search for a country / area. If the search is not working for you then look for your location on the globe.
Below helium hotspot map shows green dots, which means those locations already include helium miners.
If you zoom and click on a green dot you can find out more information about the miner, including earnings and connected miners.
How does the income calculate for Helium Miners
Helium Miners income is calculating based on many factors. Therefore, it is always better to have an idea on how your income is calculated. If you went through the full post, you might come across one of the miners that I shared does not support participating in consensus groups. Which means if you own this miner, you won’t receive the earnings that are calculated through consensus groups.
Helium Miners get rewarded / paid through HNT Coins; you can check the HNT to US conversion from the HNT Coinbase
HNT Distribution
Before talking about HNT Distribution, it is better to get a basic idea about the Helium Coin.
What is Helium Coin
As discussed above Helium is a people’s network. Helium miners receive Helium Tokens as rewards. These tokens are also called as coins. Helium crypto price can be viewed on https://www.heliumtracker.io/
Helium Coin is one of the leading coins in cryptocurrency. Many trusted exchanges allow trading, staking HNT. Trustwallet and Binance US are few among those. Apart from helium token mining you can also trade or stake your tokens for better income. This is a totally different area as we focus mainly on mining. However, if you are interested you can register on one of the trading platforms like Binance and start trading. It is also possible to buy heilum coins for trading through the exchanges. Do your own research before you start trading as it could bring you high profits as well as losses. And we are not financial advisers to help you with it.
If you are planning on crypto mining Helium Mining could be the best way to start.
This is how the HNT Distribution takes place for hilum miners.
Year 1 Rewords
30% – for Network Data Transfer
35% – for Hotspot Infrastructure
35% – for Helium, Inc. and Investors
If you follow the graph below you will notice that the earrings from the consensus groups are fixed from day one to 50 years. But the proof of coverage is higher in the first few years. This happens because of the higher proportion of HNT allocated to Hotspot owners for building and securing network coverage.
Likewise, the HNT distribution changes over time to align incentives with the needs of the network. You can have a better understanding from the image shared below.
How does Helium Mining Calculator Works?
Here’s a helium calculator which does all the hard calculations simply – calculating the Helium Hotspot Earnings. However, the calculator is not 100% accurate. Use it just to get a rough idea. Number of tokens you earn could depend on the current state of the Helium network and the current HNT reward distribution.
Find Hotspots Which are Actually Next to you
In some cases, you might need to dig deeper and find the Helium mining hotspots which are really next to you. In this case you can use the sites listed below.
Nebra Guide
Nebra released a guide that includes information on how to sign up for Nebra Dashboard and add devices to it. Check for more details
Hotspots by Country using ETL.DEWI Helium Hotspot Map
The link provided below will show you more information about the currently live Helium hotspots. According to the discussions some information shown in this site are not 100% reliable. Therefore, use this only for knowledge sharing purpose. Also, you will be requested to login when accessing etl.dewi.org.
Latest News and Updates about New Products
23/02/2022
Helium Hotspot Miner version 2022.02.22.0 has been released, which includes sync improvements and a mandatory core upgrade.
A new 2022.02.22.0 miner and blockchain-core release has been tagged by the core developers. This release is required for all Hotspot Makers (update your fleet by March 3, 2021, 00:00 UTC) and will be required for Validators, ETLs, Routers, and Nodes in the near future. It includes a network enhancement that is locked behind some inactive chain variables. When the chain variable is activated later, hotspots without this update will be unable to sync or mine.
In addition to these enhancements, gateway-rs will be the first release to ship (but not use) some of the infrastructure required for the transition to Light Hotspots. The value of a new sys.config variable, gateway and mux enable, which is set to false by default, will control the use of gateway-rs.
However, if this variable is set to true, the image will run an internal copy of gateway-rs as a miner support process. The gateway-rs will perform two functions for the miner during this phase of the transition: process all traffic to and from the packet forwarder, and interface with the security chip (ECC) for all device transactions.
Manufacturers will be able to begin testing gateway-rs’ behavior, including its ability to transfer device packets without fully synchronizing with the blockchain. During this phase, the miner process will continue to manage PoC traffic for the hotspot as usual.
Finally, the core team has improved the performance of libp2p, allowing hotspots to sync and stay in sync with the blockchain.
2nd February 2022
Helium announced Dor as a new user
Dor was recently added to the Helium Network as a new user! Duluth Trading Co., Aaron’s, and Apricot Lane have all used Constellation’s Dor sensors to track foot traffic in their 2,000+ stores across the country. To learn more, tune in to today’s Uplink episode at 12 p.m. PT: https://discord.gg/g3HvE2Xq?event=937900386067562496
Databases that provide data to the App and Explorer require urgent maintenance
The database that serves data to the App and Explorer is down and needs to be repaired immediately. It’s possible that pending transactions will be delayed.
The following transactions included:
- Hotspots are transferred
- Update location and add hotspots
- Transactions that are burned
- Payments
The funds are safe, Hotspot mining is unaffected, and the chain continues to move forward.
14th January 2022
Console UI Survey Results
Around 5000 responses were received for the conducted Console UI survey. And 70% of the results reported that the console is accessed multiple times in a week. Furthermore, when the results were summarized daily access for the console was around 50%.
As a result Helium Official Community made an announcement informing that they added a new mobile experience which supports both Android and iOS mobile browsers. Also, this should address the latency issue. As a result the downlink error should no longer be a problem.
News for Open source users
All new users should start using the latest master version and the existing users are requested to update Console / Router with the latest available release. This should enhance the performance and provide smooth operations.
Upgrading process for open source Console & Router
Here is a screenshot of the upgrading process from GitHub
Complete list of Sprint features including fixes Router / Console
Router Features
- Passing data through hotspot is visible but not it doesn’t appear in explorer – work in progress
- Allow for a change in rx delay from Console without having to re-join the device – work in progress
- Data from devices registered on the production console is not being passed over data only hotspots – work in progress
- Leak (slow leak) in multi-buy & replay ETS – work in progress
- Introduce P2P static Map option – work in progress
Features of the Console
- Mobile Experience for Console
- Update elixir erlang all
- Staging – Unresponsive console on mobile screen
- Authorize full RxDelay range (1->15 sec)
7th January 2022
As promised by Helium blockchain team, they gathered community inputs and now in process of adding a mobile friendly cloud console for the users. This is also called as sprint 67.
Detailed list of SPRINT 67 bug fixes and feature upgrades
Status of the backend router side bug fixes – 80% complete
- Address the change to rx_delay from Console without device re-joining -in progress
- Problem with sending data from devices registered on production console over data only hotspots -in progress
- Slow leak in multi-buy and replay ETS -in progress
- Enable P2P static map selection -in progress / bug
Frontend Console related fixes – 100% complete
- Mobile Friendly interface
- Choose between using the Desktop version and Mobile version each time user logs in
- Easy identification of the devices on small screens with search and advance filter options Also, here are the advance filter options – create date, data credits used, fav devices
- Device onboarding with QR Code scanning for easy device adding
- Clear view of credit balances and device spent on mobile view
- Make more space on mobile view using show/ hide feature for left side menu
- Console is not responsive to mobile screen
Pending areas of bug fixes
- Console display passing data through helium hotspots but it isn’t displayed on explorer
- Images of console display attached data packed during transfer however, hotspot miner explorer does not display the attached data packets
To access staging: https://staging-console.helium.wtf/
5th January 2022
Yesterday (05th Jan 2022) around 6 AM to 7.20 AM PT Helium Network experienced an issue. This issue jammed the network connectivity. According to information received low data credit balance caused number of active state channels to reduce. And as the result the network connectivity was affected.
Now the issue is fixed and team is continuedly monitoring to avoid similar issues in future.
21st December 2021
Helium App v2 for PC Release Announcement
Helium Official Release happily announce the Helium App v2 for PC Mandatory Release. It is a worldwide hotspot network that provides public, long-range wireless coverage for LoRaWAN-enabled IoT devices. Hotspots generate and reimburse in HNT, the Helium blockchain’s native coin.
Helium App for PC is the second version of Helium, and it includes a number of new features and enhancements.
If you’re transferring devices from staging to production Console, follow the instructions below
1.Deactivate device(s) on staging (you can do this individually by device or deactivate all devices at once from the Organization section).
2.Add device on production Console.
3.Wait for device until added to production Console. This could around 20 mins.
4.Once the device working as expected, remove the device from staging.
The application is available on official website
18th December 2021
The staging server now includes the most recent version of Console ‘sprint 66.5’.
The ability to customize the reception window delay is included in this release. According to Helium Official Community it should help with downlink difficulties. Users can set the number of seconds after the transmit that the device’s initial receive window opens.
Also, the range window may be changed from 1 to 5 seconds (default). A greater value extends downlink dependability as longer latencies between the LoRaWAN gateway and network server.
15th December 2021
Helium App v2 on PC- Now Available as a mandatory release
Helium is a worldwide hotspot network that provides public, long-range wireless coverage for LoRaWAN-enabled IoT devices. Hotspots generate and reimburse in HNT which is the native coin.
Helium App for PC is the second version of Helium, and it offers several new features and enhancements.
https://helium-app.com/
Wi-Fi Credentials on RAK Hotspot Miners have been cleared:
There have been claims that the RAK Hotspots’ wi-fi credentials have been cleared in a recent upgrade. The team is investigating, and if widespread action is necessary, the Helium Team will make an announcement at a later date.
It’s recommended to double-check that your Hotspots are still linked through Wi-Fi. If it’s not, then try reconnecting them or connect using ethernet cable.
You can pair with Hotspot without owning it if you’re a host. Simply open the app, type the name of the Hotspot and hit the icon to “follow” it, press the pairing button on the Hotspot (or reboot it to put it in pairing mode), press the: settings > settings icon > pair > and follow the instructions.
Helium Awards: complete voting before 24th December 2021
The official Helium Community announces the first Helium Awards. Everyone can nominate your favorite Hotspots, new devices, applications, integrations, HIPs, and community members.
Voting should complete before 11:59 p.m. PT on December 24th. Here’s the voting link – https://www.helium.com/awards
Also, this holiday season if you need to present an ideal gift for a crypto lover here is the best Gift Guide: https://bit.ly/3semx0C
13th December 2021
Today at 9 a.m. UK Time. The second batch of Browan MerryIoT Helium Gateway EU868 will be available. Only bank transfer and cryptocurrency accepted as payment methods. Batch 2 will start delivery in the first week of January. Equipped with EU plugs. Visit – https://cubify.co.uk/
Hope this post was useful to gain knowledge about Helium Mining. Please share your thoughts and findings through the comments section.
