Why Helium Mining is Going to the Moon
This is just the beginning for the young helium mines.
Bitcoin mining has been floating in the news for over 5 years but helium mining is just getting started. Firstly, helium mining, otherwise known as HNT mining is also a form of cryptocurrency mining. Over 100,000 mines have been sold and in a month, your net profit could be 50$ a day (as the current HNT price stands). HNT mining sales are rising sharply and people have been clambering to get them recently.
My friend just a month ago bought a helium mine- with it, his net profit could be around 3000$ a month- but they are so popular, he has to wait over 2 months before he can get his hands on one of them. Over time, these small machines can earn you a small fortune so why not give it a try?
Many of you will be asking- what exactly is helium mining?
It is revolutionary and simple- it provides peer-to-peer WiFi network access to IoT devices such as Fitbit's and other kinds of trackers. It’s cheaper than bitcoin mines and less volatile in the long term. That's because their product can provide stable internet access for miles away unlike regular wifi hotspots- this means they are selling a product of value, unlike bitcoin where everything is speculative. In return for providing these hotspots, the owners get their reward in crypto with one called HNT.
There are so many pros about this miner that bitcoin mining will seem like a joke to many by the end of this article.
Helium mining is going to the moon there is no doubt about it.
“I look at HNT as one of the sleeping giants which’s potential has not been discovered yet.” The cryptoseed
The price of a single HNT is going to double
This means that your profits will also be double. It is currently at 12.92$ but it is expected to rise to $ 31.00 next year according to WalletInvestor. I could not agree more- perhaps recently the HNT price has stagnated and even dipped by 1.10$ but in the long-term, the HNT is invincible. The fact that it is based on a product that has material and financial value- hotspots and the company Helium means that it’s got more resistance and less volatility, unlike the traditional cryptos.
It may have a relatively small market cap of $ 549,129,911 when compared to its impact on the development of modern technology but more and more money is flowing in through Binance and it's gonna change… and soon. I wouldn't be amazed if it reached a market cap of 1 billion dollar.
The halving that has just taken place also makes it likely to increase in price. Many exchanges predict the price will increase to 31 dollars due to this.
It’s so much cheaper to maintain
It will only cost you $ 450 to buy one of these and after that, the energy prices are relatively low. For eco-friendly people in this group, this is a win-win. Bitcoin and ether mining use as much energy as the country of Ireland’s annual energy consumption. Moreover, the cost of one decent bitcoin miner is at least $ 5000 so that would be ten times more expensive.
If you feel guilty about climate change, helium mining is just for you. The energy consumption per mine is also rapidly decreasing and therefore, so is your energy bill.
“the average cost to mine a bitcoin at 5.5¢ electricity is 20% more expensive than in January”
The amount you can mine in a day is rising and fast
If you look at the Reddit feed on Helium mining, you can just see how much you can mine in a day. Lee-y got 60 in just 3.5 days- that’s 120 in a week and 17 in a day. If you live in a large city, this is even larger- another person on the Reddit feed earned more than 90 in a single day because his hotspot was in NYC.
It really depends where you put it- some people put it in terrible locations where the population density is very low. Even if you live in western New York, you could still end up making getting 10 blocks a day.
However, hotspots are improving; as helium mining becomes more popular, the technique of placing the mines well is rising. The rising popularity of them means that an ecosystem of them is propping up in every city allowing for improved profits (at least 3 are required per city).
Expertise in them is rising fast and with it people are able to mine more than ever thanks to creative techniques. Ideas such as renting high-rise areas for better connection has already started.
It’s heading for a bullish and less speculative season
When helium mining started in early 2019, it was all speculation because no one was buying the mines and hotspots had much less value. So HNT was just like litecoin, bitcoin, dogecoin, or any typical crypto coin. They are on round D of venture capital and they are backed by prominent names such as Lime, the transport company and therefore, it gives them the credibility that few cryptocurrencies can boast.
Times are changing and people are actually buying the mines and making them circulate around over 2000 large cities according to helium.com. They have even sold out for their North American and European customers and the waiting list for these hotspots is between 14–20 weeks.
Even when bitcoin has dropped by over $ 20,000 dollars and other large cryptos are past their short-lived golden age (even ethereum), HNT has resisted this bear market. In fact, it has remained relatively stable and is likely to rise in both market cap and cost per coin as confidence in crypto rises again after Latin American countries are legalizing crypto coins and the Chinese bitcoin crisis is over.
This is just the beginning for the young helium mines.
Over the past 5 years, all crypto coins have met their rise, their fall, some resisting better than others and others rising right to the top. Bitcoin, litecoin, ethereum, ether, cardano, stellar, and even dogecoin are now household names. Yet one coin and its miners remain silent, slowly gaining small fortunes and with it, a strong reputation.
It has never had a crash, nor uncontrolled growth but it is rising steadily, and with it show great signs of promise.
