24 March, 2021

Helium Mining and Use Cases

People-Powered Networks.

Start a Wireless Revolution

Powered by the Helium Blockchain, The People’s Network represents a paradigm shift for decentralized wireless infrastructure.

TOTAL ONLINE HOTSPOTS WORLDWIDE: 23.822

Mine Crypto with Radio

The People's Network is powered by an entirely new incentive model made possible by the Helium Blockchain.

A New Kind of Crypto Miner

Mining HNT is done by installing a simple device on your office window, home. That’s it. Seriously.

Hotspots provide miles of wireless network coverage for millions of devices around you using Helium LongFi, and you are rewarded in HNT for doing this. And because of an innovative proof-of-work model (we call it “Proof-of-Coverage”), your Hotspot only uses 5W of energy.

How do I earn HNT?

Participants earn HNT by mining and building coverage for The People’s Network using compatible Hotspots.

A World of Hotspots

Below are the Hotspot models that have so far been approved by the community and tested by Helium.Following hotspots are recomended to make future Antena Upgrades. 

But from our team we recomend and suggest to use One of the best Hotspot from Company Nebra. 
They have Indoor and Outdoor ones, with PoE support and antenna Upgrade posibilities. 

How are Tokens Earned?

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, Hotspots receive instructions (or 'challenges') to transmit payloads to any nearby Hotspots to witness and verify. These single-hop challenges are also known as 'beacons'. Hotspots without neighbors earn less as they can only issue Challenges, and are unable to have their beacons verified. After the first year, distribution amounts adjust.


How Challanges are paid, amount of HNT mined by Your Hotspot 

1.CHALLENGERS: 0.95%

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: 5.31%

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: 21.24%

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: 32.5%

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.

5.CONSENSUS GROUP: 6%

Hotspots are randomly elected to the Consensus Group to perform tasks including validating transactions and publishing new blocks to the blockchain. Group members receive a portion of the 6% distributed to the Consensus Group.

Frequentlly asked Questions / Clarification and usefull Links

Where you can start mining ? 

Helium Network is avaiable WorldWide and you can check all online Hotspots on Map, so you can get idea if there is more Hotspots on your area. 
Helium Official Explore Map:
 Link

What is the Frequencie i have to use in my location ? 

Generally all main countries and regions have their own frequencies and Nebra provides it for EU / USA

If you need to get more detailed information regarding please check following Link

What is the HNT (Helium Coin) Price ?

As all Crypto coins, HNT price is dynamic, you can check it on CoinGecko Page to see actual price of 1 HNT Coin. 

Where can I buy Hotspots ?

As we mentioned we recommend Nebra company, they have grate support also, and right now they have better delivery timing then the rest of the companies. 

You can buy Your Hotspot here: Link

How can I upgrade Antena ? 

Depending your location and high, you may need to add more powerfull antenna on your GW. 

Glass Fiber LoRa Antenna (3dBm) (Included in Outdoor GW)

Glass Fiber LoRa Antenna Peak Gain (5.8dbi)

Glass Fiber LoRa Antenna High Gain (8dbi)

We recommend Glass Fiber Antenas and you can find them on Nebra Page also: Link

Please Note, there is Country Base regulations on Power, so before installation check Local requirements and restrictions.

Glass Fiber LoRa Antenna (3dBm) (Included in Outdoor GW)

Glass Fiber LoRa Antenna Peak Gain (5.8dbi)

 

Best Location to install Hotspots?


How to increes mining rewards?