Helium (HNT) Miner: What can you do with it? How much can i earn with a HNT Miner?
What is the Helium Hotspot Miner?
The people at Helium would like to build a worldwide network of helium hotspots miners in order to receive sensors all over the world that tell you that there is too much or too little water, or provide the GPS location of your escaped dog. In exchange for building and keeping the network online, you earn Helium Network Tokens (HNT) a crypto currency. Bitcoin is been mined as part of Proof of stake, HNT is Proof of Coverage A car is only as good as its tires. If you want to maximize your reception and transmission range, don’t forget to connect a good antenna to your hotspot. On Youtube you will find a short explanation about the helium hotspot.
How it works?
1. CHALLENGERS: 0.9%
Hotspots are chosen by the network to issue challenges, encrypted messages over the Internet, to a target group of Hotspots. Challenges are used by Proof-of-Coverage to validate wireless coverage. Hotspots can issue challenges from any location, not just to local Hotspots.
2. PROOF-OF-COVERAGE: 5.02%
Hotspots earn a share of HNT for participating in Proof-of-Coverage and validating their peer’s wireless coverage. The amount each Hotspot earns depends on how often it is directly involved in Proof-of-Coverage activity.
3. WITNESSES: 20.08%
Hotspots that monitor and report Proof-of-Coverage activity (beacons) of other Hotspots receive a portion of HNT depending on how much activity they’ve witnessed, and the reward scaling of the Challengee.
4. NETWORK DATA TRANSFER: 35%
HNT is distributed to Hotspots that transferred data from devices on the network. The amount of HNT is allocated proportionally based on the amount of data a Hotspot transferred.
What can you earn from a Helium Hotspot Miner?
What you can earn from a Helium Hotspot Miner depends on your location and how much miners are available on your location.
You can check via this link how much Helium miners are on your location and what they earn. On good locations you can earn up to 1 or 2 HNT a day (if it’s not more). When you have not much miners arround you, you earn about 0,2 to 0,5.
Which miners should i buy?
Most recommend Bobcat Miner 300
For the most miners, they deliver, if your order today, after at least 12-20 weeks. Sites which say they can deliver fast, are mostly scam.
We will fill this blog with more infomation.