Earn money without having to work for it? This is possible with helium and its cryptocurrency HNT. Without expensive graphics cards! Our FAQ on helium mining explains: How does it work, what do you need, what are the advantages? What are the problems and how much money can you earn? Update: The cryptocurrency Helium HNT is massively losing value.
EnlargeHelium miners: Mine cryptocoins without an expensive graphics card – this is how it works!
© Grumpy Cow Studios/Shutterstock.com
Update 5/12/2022: The massive price drops in Bitcoin, Ether and other cryptocurrencies are also dragging down the price of Helium HNT. Currently, helium HNT is worth only 8.03 euros. In mid-November 2021, the price of helium was just under 48 euros. Update End
Bitcoin or Ether are by no means the only cryptocurrencies. Almost an insider tip is helium with its cryptocurrency Helium Coins alias HNT. In contrast to mining Bitcoin or Ether, you do not need an expensive, powerful and power-consuming computer to mine HNT, but only a compacthelium miner that is smaller than your router. We explain how helium mining works. What are the advantages of helium mining?
Earn money without having to work for it. This is the promise of helium mining. A powerful PC with a particularly powerful and extremely expensive graphics card, as it is required for Bitcoin or Ether mining, you do not need for helium mining. All the work is done by a small device (thehelium miner). For its activity, the owner receives a remuneration in the form of helium coins or HNT.
Tip: A German online shop that currently sells helium miners, istlr-sensors.
In addition, you have a green conscience: While Bitcoin mining has been criticized for longer because of the immense power consumption of the graphics cards, the helium miners (helium hoard spots, which are also called gateways) consume very little power, about 5 to 15 watts.Helium HNT: Advantages and disadvantages
Earn money without work
Support IoT network
Lower acquisition costs than Bitcoin/Ether
Helium miners are difficult to obtain and sometimes quite expensive
Yield depends very much on location
Long-term experience is missing
Open question: Survivable against 5G and other competitors?
How to make money with helium
You buy a helium miner/gateway and set it up at home or at work and give it access to the Internet via WLAN or better LAN – an Internet connection is therefore mandatory for the helium miner. The helium gateway then builds a hotspot/node for the helium network that customers, i.e. companies, use to transmit their data. As a private user and hotspot operator, you will receive rewards for providing helium hotspots in the form of the cryptocurrency Helium HNT, which belongs to the provider’s blockchain.
In the hope of rising prices, you can either keep the acquired HNT and speculate with it or exchange it for euros, dollars, Bitcoin, Ether or other currencies on popular crypto exchanges such as Coinbase or Bitfinex or Kraken.
Lautcoinmarketcap wants to reward helium initially mainly the expansion of the network infrastructure and the mutual confirmation of helium miners with the distribution of HNT. Later, when the network is reasonably comprehensive, the hotspot owners should receive helium coins for the transmission of device data. In addition to HNT, there are also data credits, but these are of no interest to private users. How much can you earn with helium mining?
In locations where there is a high demand for data to be transmitted, the operators of the helium hotspots receive significantly more cryptocoins than in areas where there is not a great demand for the transmission of data over the helium network. This is due to the fact that in heavily frequented places, of course, more data-providing devices such as E-Scooters connect to the network. However, helium only pays for the actual connections of the devices or for data transmission, but not for the mere establishment of a hotspot.
In Youtube videos on the subject of helium mining, it is often said that you can earn 1000 euros or more in a month. However, as I said, the actual earnings depend heavily on the location. If you are planning to buy a helium miner, then explore in the Helium Explorer how much the users around you already earn with it. The equivalent of a few hundred euros per month actually seems to be possible from time to time. In our research, however, we also found many miners who have earned only a handful of Euros or almost nothing in the last 30 days. In view of the high acquisition costs for the miners, the investment phase can be quite long.
EnlargeReach of helium miners, as indicated by the Helium Explorer. With the Helium Explorer you can search the helium network and find worthwhile router locations.
However, since more and more people have now understood that helium can be used to earn money quickly and easily, the devices have become difficult to obtain and lucrative locations are becoming increasingly rare. In addition, it should be clear that the more miners start operations and divide the available HNTs among themselves, the less the individual helium miner owner earns.Helium HNT: Price development
For example, you can see the current HNT course and its evolution here. Currently on 12.5.2022 Helium HNT is worth only 8.03 euros. On 23.3.2022, however, an HNT was still worth just under 23 euros.
Helium HNT is a still young cryptocurrency. The price of the cryptocurrency helium has initially risen sharply since the spring of 2021, in mid-November 2021 the price of helium had risen to just under 48 euros per HNT, in August, however, the price was still about 15 euros per HNT, in March again the price was about 5 to 7 euros. But in December 2021, the price fell again to around 25 euros and the price is still languishing. However, this price decline can also be observed for Bitcoin and Ether.
If you bet on significantly rising prices of helium (HNT), you should not exchange your earned HNTs for euros, but keep them. Where do I buy a helium miner?
The hotspot devices usually cost around 500 to 600 euros per piece, but the prices can also be significantly higher, as is currently the case. Initially, Helium had manufactured all miners itself, but now the devices are available from different suppliers, but they must be certified by Helium (be sure to pay attention to this certification!). The individual, available routers can be found on the page of Helium, with “Purchase” you can theoretically buy a device. Currently, however, almost no manufacturer can actually supply devices. So you usually have to be put on a waiting list or have to pre-order a helium device. But until you can actually set it up at home and earn money with it, some time should pass.
Tip: A German online shop that currently sells helium miners, istlr-sensors. The Kerlink is now available there.
Mithelium-shop.euby Alpha-Omega Technology gives another shopping opportunity for helium miners.
EnlargeHelium miners are available from numerous manufacturers.
Bobcat is arguably the best-known manufacturer of helium miners, which has a reputation for delivering reliably. For example, you can order the Bobcat Miner 300 here. This is currently considered to be orderable, but the delivery time is up to 28 weeks! But you can only pay there with cryptocurrency! The Bobcat 300 is also sold on Amazon, but there at absurdly exaggerated prices. It comes standard with a 4 dBi antenna.
Calchip Connect is also an important manufacturer, but currently only supplies to customers in the USA. TheSensecap miners are also particularly well-known and popular. The Chinese company PantherX also sells helium miners and also only against cryptocurrency. On the other hand, you can buy TheLinxdot with a credit card. Here you can also buy a helium miner.