I Tried Helium Mining for a Month And Made $419.54 USD!
On my journey to create more income streams for myself, I bought a helium miner a few weeks back. I have made a total of 12.66 HNT in the last 30 days (December 11th, 2021 to January 9th, 2022) which at the current HNT price of $33.14 USD is $419.54 USD.
What is Helium?
Helium’s goal is to build “The People’s Network”, which is a decentralized peer-to-peer wireless network. As cited from helium.com/technology:
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.
There are two components that make this happen, the Helium Blockchain and Helium Proof-of-Coverage.
The Helium Blockchain network is built for the purpose of incentivizing the creation of this wireless infrastructure. The native token of the Helium Blockchain is HNT, a cryptocurrency available for trading on major crypto exchanges.
Helium Proof-of-Coverage (PoC) is an algorithm that uses radio waves to validate the location of hotspots that are legitimate. PoC uses a mechanism named “challenge” which is a discrete unit of work for PoC. This data is then stored in the Helium Blockchain to provide verification of…
