Helium Connects People
Helium Network
Helium's Technology allows anyone to build out massive, cost-effective wireless infrastructures in an entirely new business model that benefits everyone.
The People’s Network is the world's first peer-to-peer wireless network that provides a secure and cost-effective way for low-power Internet of Things devices to send data to and from the Internet.
You can earn Helium (HNT) cryptocurrency by mining Helium and building coverage for The People’s Network using the Nebra HNT Indoor or Outdoor Hotspot Miner. Anyone can join The People's Network and provide hundreds of square miles of wireless network coverage, while mining HNT on the Helium Blockchain just as hotspot miners do.
The Outdoor HNT Hotspot Miner opens up a plethora of opportunities, such as the ability to mount a hotspot to the side of buildings, houses and roofs. It's an ideal solution for wider coverage applications across villages, towns and cities.
Internet of Things
"IoT" can refer to a connected medical device, a biochip transponder (think livestock), a solar panel, a connected automobile with sensors that alert the driver to a myriad of possible issues (fuel, tire pressure, needed maintenance, and more) or any object, outfitted with sensors, that has the ability to gather and transfer data over a network.
Today, businesses are motivated by IoT and the prospects of increasing revenue, reducing operating costs, and improving efficiencies. Businesses also are driven by a need for regulatory compliance. Regardless of the reasons, IoT device deployments provide the data and insights necessary to streamline workflows, visualize usage patterns, automate processes, meet compliance requirements, and compete more effectively in a changing business environment.
Helium Blockchain
The Helium Blockchain is based on a new, novel work algorithm called Proof of Coverage, and rewards miners in $HNT, the native token of the Helium blockchain. Officially launched on July 29, 2019, the Helium Blockchain is now running on over 10,000 Helium Miners across the world; and powers the largest, public, decentralized LoRaWAN Network in the world.
Why Earn HNT and Use the Helium Network
Hotspots earn HNT for building and securing network infrastructure and transferring device data. 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).
To participate in PoC there must be multiple Hotspots at least 300 meters apart in an area, but still within range of each other (up to many miles depending on environment). Single Hotspots earn less as they can only issue Challenges over the internet, and can’t participate in Proof-of-Coverage.
Proof of Coverage
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.
The range depends on the environment:
Rural areas: ~10 miles or more.
Dense areas: ~ 1 mile.
Single HNT Hotspot Miners earn less as they can only issue Challenges over the internet, and can’t participate in Proof-of-Coverage. Take a look at this coverage map to see what others in your region are earning.
Essentially once you plug in and sync your hotspot with the Helium Blockchain there is nothing else for you to do than to check your wallet to see when Helium (HNT) tokens enter your wallet. To obtain your Helium wallet go to Google play store.
How do I change HNT to Dollars
I recommend using Binance.com to exchange HNT into Bitcoin and then from Bitcoin into GBP, EUR or other currencies. However other exchanges are also available. The current price of Helium (HNT) is USD 13.21 per coin.
Learn More at Jireh Consulting
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