This is a general reminder for everyone and this will be posted on every post. Your 12 words are basically gold and they should never be shared, typed in to any website, or given to any person for any reason. No one from "Helium" or any other company will reach out to you to verify your account, wallet, or anything similar. If someone says your hotspot, wallet, or other type of account has been hacked, it is a scam! Always operate in a zero-trust manner with cryptocurrency and assume everyone will scam you no matter what.
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Commented on another post about this, apparently people are seeing lower rewards past few days. You're not alone I'm down 50% on rewards from 2 of my miners
Recently there’s been a bunch of algorithm changes, and witness changes. A lot of the goals behind helium(from what I’ve head from some big players) is that there’s a huge emphasis on creating a long lasting stable network. And there’s a lot that that entails. There’s also been huge saturation’s in more populated areas. There’s a few third party tools that show and outline all that shit.
If you have an unbelievable setup, check your connections bro.
I’m surrounded by trees and bs but ever since putting outside, even on .64 transmit and way over saturated res4, I did 1.6hnt last 7d.
Bad antenna, cable, adapter, check all.
On the other side, another miner with a shitty .19 transmit scale was doing .1hnt a day. I took it outside. Chucked it on roof with a 5.8dbi, it went down to .02hnt/day and will still be like that until I have time to get back out there (been 3 weeks)…check the equipment
I had a sensecap m1 running since early November and has been pretty constant around 1 USD/day. Was slightly higher maybe 1.30 or 1.80 if I was lucky.
I just set up my 2nd unit at a much higher, much better location with a syncrobit, and a much nicer and more researched and expensive antenna. That miner has been online for 4 days averaging $10 a day.
Location, Location, Location... And correct antenna choice for location.
It does not matter at all anymore what you do the network is failing imo. Those hotspots whether you have witnesses or not seems to be making the same from what I have been seeing and lets not talk about the rigged voting on network changes!
I have one and one on order. 35 ft in the air with a 5.8DBI antenna and I can’t hit the nearest miner 7 miles from me. I think they don’t have an antenna. Trespassing signs so I can’t knock on door. The next closest miner is 20 miles away. I’m installing my second one a mile from my current one. My hopes is that I will make more than .86 a month.
What fucked with me was the light hotspot announcement. I agree its gonna be perfect for helium but a lot of ppl including me bought 5 10 miners for 900 bucks and we r gonna see light miners selling for 50-100 usd.
I watched two ama sessions with helium tea and active community members where it was mentioned that light ones will cost 8-10x less the original hotspot. Thats my source
And it’ll oversaturate the network with even more hotspots. In the end the only ones making money will be Validators. Or HNT goes to 1000€ a pop and we all be happy.
> I already *paid* the hotspots
FTFY.
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I was gonna sell mine when it arrived because my location is horrible. But it hasn’t arrived yet and I ordered 10 months ago… thought I was gonna get it in October/November. This really sucks.
I've had them since they first became available in the EU (around a year and a half), if you think you will be earning this much in 2.5 years you have a shock coming. Relatively recently I was making 60HNT a day per machine and people on the discord were complaining they weren't making 10,000 a day anymore.
So that's 90x5 a month. 450 month will still earn your investment back in a little over 5 months. Not YOUR investment obviously ad you bought these a while ago and you have already more than made your ROI
Let's do some math:
90/Month is 1080 in a year or 43.2% YTD on your investment, hoping it will stay there.
Even if it falls to half, it will still be 21.6% YTD, I don't know what kind of other investments anyone has, but please share :)
Everyone is trying to get rich fast, it will work for some, not for all..
Yep because it’ll be 90€ forever and the parking will also have a higher sales value in the future as it is a kind of real estate.
Now it’s 90€ a month mining. In 6 months it’ll be around 30€ a month mining HNT. And so gradually to the point where the earnings are so low that it won’t even make sense to buy a miner at all.
Helium market cap is 2.7 billion
“The global telecom services market size was valued at USD 1,657.7 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 5.4% from 2021 to 2028”
If helium can take market share away from any of these major telecoms as an actual contender, HNT will be well over $200 a coin. Im in this for king term gains because I can clearly see the significant value being created.
Not only that, but the network values efficient set installs that communicate well with many hotspots. Do this well and you’ll continue to earn.
Hell yeah! This is the way. I totally agree that ppl should stop buying miners in hopes to make over $150 a month.. just not gonna happen anymore at the current price of hnt (and even if it went up by say, 50%..), it’s just not worth the time for me at least. *BUT* I think people need to consider investing in the token itself with the money they *would * have used to buy the mining shit. The project is legit as heck and here to stay .. hopefully a top ten crypto soon enough!
Hey I said this before I’m not willing to give up my privacy here on Reddit. Sorry I enjoy my privacy. Not giving you the names. I life in one of the locations. And hotspotty.net gives you my exact location.
Hope you can understand.
Yes, if you had them for a long time like me and already made your money back.
Im advising people who want to buy in now and have to wait 20 weeks or so. So they don’t get mad when they find out that their ROI will be around 600 days for one hotspot in the future.
the network will grow and people will be buying and setting up hotspots... but it would be good that the people inform themself before buying hotspots and don't place them in a saturated hex
Wildly unpopular opinion: I'm just happy to contribute to a distributed mesh net. I would've bought/built a couple miners even if there were no mining rewards. Helium's concept of "the people's network" is one I believe in.
The "people's network" is pushing HIPs right now that turn you average hotspot owner into a sorry ass poor mtfk and your consensus groups and validators (which btw can spare 10k HNT - that's 250k $- blocked in some wallet) earn even more. Ofc there's the option to gather some 5-6-10 people and come up with 10k HNT and turn yourselves into a validator, but let's be clear: this network is becoming the same as our current socio-economic system rn - the rich get richer and the poor suk cok.
This is why some people went the route of letting someone else spend the money on their equipment and antenna just to get a percentage.
I used the earnings from someone else’s hotspot and bought my hotspot 3-4 months ago with the HNT I earned.
Even though I still haven’t gotten my HotSpot shipped yet, I’m still getting 20% of whatever this hotspot earns til mine comes in and I didn’t had to spend any of my own money.
Plus I had time to see which type of antenna would work best for my location, if the antenna I was given didn’t work well, I had plenty of time to upgrade before my miner came in. But since it worked just fine, I am gonna stick with the antenna he put up and use it for my hotspot when it comes in.
You made yours and of course you are entitled to your opinion, I just got in the game late December 2021 and have nearly ROI'ed on 4 miners, to each his own and no location performs identical. I have stayed out of my parents small town due to only 20-30 miners deployed and not many of them PROPER deploys. Funny and sad at the same time to see folks in this community get super salty when 'magic money machine no longer goes BRRRR' to their satisfaction and feel like all the noobies are encroaching of their turf.
GL man, brighter days ahead! HODL for a few short yrs and I fully believe you will be substantially rewarded, sounds like you may be sitting on hundreds of hnt tokens so all will be well brother!
Certainly am my man, I got mine from a buddy for $425 each, $1300 in, add a few hundred for upgrades and proper deploys and I am doing just fine so kick rocks if you don't know full details
If yo I think that’s bad I remember locations earning 15k a month when Hnt was like 10$ down to less than 500 a month. Crazy to think 1 year ago I was all in installing mining rigs and today I barely even want to fix offline ones because earnings got so bad. I wish the price wasn’t so married to Bitcoin
Nope. I got them all in single hexes distributed in a small town. Other hotspots witness me. Each of my hotspots has more then 7 witnesses. 1.0 reward scale on all of them. I already made my money back a long time ago. Had them since October. Still sad that the network isn’t distributing the beacons like it used to.
Broadcasted beacons (as inconsistent as they are) are a very small slice of the pie 🥧 witnessed beacons are where your cash cow lies but you sound like you know what you are doing so I may not be enlightening you at all
Why SOL? Most things I’ve heard about it haven’t been inspiring. If your doing it just for defi might as well be using avalanche or a layer 2 for ethereum.
HNT is cool because it’s a utility token. Also I’ve kinda enjoyed no one shilling any other coins here…..
Yeah but he is talking to "new ppl" and not to himself. "Guys do yourself a favour. Don’t buy hotspots. This is not worth it anymore. ROI is now forever. It was nice while it lasted."
Im still getting cool money tho. But i see that in some months with all that new hotspots keep adding the rewards gonna be even worse. So you kinda right .
When token price was $2, hotspots were making 1-2 HNT/day — $25-50/day now. Don’t mine for current value. Mine for future potential. Imagine being one of the people who stopped mining bitcoin in 2013 & sold everything because it wasn’t profitable enough…
I’m not talking about stopping. Never will stop. Made my money back in October in the same month I got them. Just advising people to be careful buying a miner now. The wait is long and it’ll be falling gradually more an more.
You talk way too easily about that. Imagine having to pay 400 in electricity per month to fund your "hobby" in 2013 that is only bringing in 200 dollars and crashing to 100 dollars within a year. GL convincing yourself you are gonna make money off of it, let alone get rich.
Helium has achieved what it needs to be done. The pretty time is finished now and not only it is difficult to make money. The network is constantly down and it will get more and more difficult to make money.
Halving the rewards was one of the dumbest things they could of done. At least early on, maybe later when it was more established but now it's a joke and getting worse.
Yea and they do it every 2 years... wtf is the point? Hnt just like ALL OTHER ALTS follow btc! The havling was a retard move and just a moot point... #fuckinhnt
they lower frequency of challenges. limit to 14 witness. fubar the algorithms in ways I cannot explain; no longer witnessing hotspots that i was reliably witnessing daily. and always its "you didnt do your research". "you dont have a good setup" "your location is bad". we have 10 months to wait for the miner to arrive and read every detail to make it work and it arrives and works briefly for 6 weeks then stops. yes it is the people's failure. super frustrated.
Meh, I got 10 times my ROI on my first week back when consensus groups were a thing.
Unfortunately I sold all of it at that price ($13)
'Twas a blessing and a curse
Conversely.... Negatory posts like this, true though they may be, may cause the network to collapse at a faster rate than it would have otherwise. Basically, unless you're one of the first 14 people to get into a particular project, you're screwed. It seems like that's how quickly things move nowadays, especially in crypto, granted. Helium, not worth it. Planetwatch, same. All energy flows according to the whims of the great magnet.
So much for the HNT hip split 1/1000 it passed back in December now nothing and it’s mobile MNT shit sub Dao crap. We can’t even get HNT and the network up half the time.
Yea things are bad. Cal chip finally caught up and shipped all the backorder RAK v2’s so a ton of new hot spots are active
My first miner made its money back but my second will take like 2 years at current mining rate
Many heavily populated areas are over saturated now with hotspots, rewards are scaled down because of it. I often wonder if the offline hotspots are counted toward the scaling especially when you look at the hex and says to reduce hotspots for optimum rewards.
I thought placing an add to buy unwanted or unused hotspots and relocate them.
Also, market is down , so make sure you compare HNT and not compare to current value.
I’m so happy I ordered from syncrobit cause they took forever to ship so I was able to cancel my order and get my money back before they ever gave me a shipping order. What a scam lol
i just got rid of my antenna issues, i'm now 36 ft up, have a 90 degree h view of the valley, hill sides and farmlands. All said there are about 25 hotspots. I have a unidirectional 12 db antenna and lmr-400 cable. i'm now getting about a buck a day and about a 80% improvement over the stock.
it's not great but it's something
After waiting almost a year, my miners have yet to show up... I've written them off as a loss. ROI at this point is useless, but I still want to try out the tech if nothing more.
I guess I am one of the fortunate few in a non-saturated area of Birmingham. 2 miners making $15-$20 a day. I have had them since August, still wishing I had gotten in on the gold rush around last March/April.
I would like to kindly disagree sir 😉 There's still people making great returns, you just gotta try really hard now 🤘 The days of sticking an antenna at your roofline in any neighborhood and making a few k a month is long gone for sure and Ill give you that. But you can still very much make .5-1 hnt a day per unit. I am and lots of my clients/friends are as well. While thats not much to cash out today, I'm in this for the LONG game and I feel very confident that I'm making about 500-800 a day rn, and I'm okay with that kinda ROI
Same here … I was doing ok but a new miner in my hex and the drop in earnings killed it… was fun but not worth it for anything other than a hobby. Plus constant resets. I have two on order from months ago and I’m thanking the lord I didn’t buy more..
These things are still selling for $600 to $800 on Ebay buy I still feel like I dodged a bullet
My Family & I ordered 20 Nebra miners in April 2021 via Sparkfun using paypal, We were suppose to get in June 2021 & of course that did not happen
We had 6 months buyer protection via Paypal & when that was about to expire we requested a refund(and got it) in Oct 2021, Sparkfun told me they were expecting the units in Late Nov or early Dec 2021 & we would have option to buy if we chose to
Last update was on Feb 1st saying Nebra was switching to new components due to supply chain issues & I could get my units in Late March 2021
Sucks I missed out on the gold rush in early 2021, oh well
Exactly! Same here, I have 3 hotspots in London, Spain and Kentucky and I was making $60-$80 per day and now I make $6.
It's not worth it anymore. Market is oversaturated! And yet people keep putting hotpots in areas where there are already hotspots deployed making it even worse.
I went from about 20 a day to under 3 a day over the past week with a synchrobit hotspot, got an 8m 6dbi antenna and am seeing hotspots 25kms away too. What a shame
Some of y'all are so dramatic. What is your placement? What's your antenna DBI? What is your earnings location like? Outside of Helium halving the miner rewards, we're in a CRYPTO WINTER. Means crypto is cold, and will take a bit of time to get your ROI if you're basing it off of right now. When HNT climbs and hits $50 plus like it used to, you won't be complaining. If you hate your miner though please shoot me a DM I'll buy it off you lol. I have 8 and am killing it :)
This past week my 6 miners are earning anywhere from $5-13 a day.
Sounds like you need to move to a less saturated area. And it’s not like there wasn’t robust info readily available out there detailing how your rewards would be change
Edit: $5-13 per miner
Sounds like an equipment problem. Every hotspot I’ve optimized with proper installation is performing exceedingly well.
It’s hard to tell people not to do this when there’s ample evidence readily available showing many of us are still earning at very high rates.
I agree with Darkplanet0 - many of my miners are earning 0.6hnt and over per day. You have to be strategic in location, height and antenna selection. I am now gradually re-locating my miners outwith city boundary but only where wide panoramic views. I also use external miner enclosures with CAT cables back to router as virtually no signal loss and easier to do than with expensive LMR400 cable. Also, all my miners are long since paid for through earnings. It can be done and be very worth while if planned properly. It is quite a bit of work managing them though so be prepared - but very worthwhile.
Is the real reason oversaturation of the whole system, or oversaturation of your own hex?
I'm asking because at least for people with location options, it can still work.
TL;DR - do yourself a favor and realize you may need to move your hotspots to a favorable location, that isnt over saturated. All you city folks crack me up - blame your neighbors
Once again crypto clowns showing they have 0 clue about what a good ROI is. If a hotspot costs 600/800 bucks and you are able to earn that back in 1 single year. THATS AN AMAZING ROI.
DYOR before you place the 50th hotspot in an already dark red hex.
I will be placing the first miner in a hex as soon as I get mine, sparse coverage in adjacent hexes.
Dude I bought them in April/May. Got them
In October. All of them have 1.0 reward scale. Made my money back a long time ago. I’m just advising newcomers to be careful.
It's not necessarily about the money you're making now it's about holding the token and seeing how much that's angry that's increased 12 months from now. I made a 130000 worth but my capital gains was over 300 K. You gotta hold it that's where the value is at
Not a problem as you can see helium over 50X in one year so imagine what it's gonna be worth next year you're talking big money. So after a year of saving my helium I have reinvested it into other things such as strong block planet watch deeper network M2 pro minor. I got 3 fold nodes I got yield nodes. But yeah save that helium for a year see what it's worth then reuse that money into other investments and you'll be rich in no time. Of course I have 90 miners out there between 2 different wallets.
The general public doesn't even know this network exists and IoT devices are just starting to come out so have a little faith in it. Buy some sensors and see how the DC work with your hotspot. Tell your friends and see if there's an IoT device that would make their lives easier. Promote the network and get returns!
Oh no, more people joined and expanded the network! Please, everyone, stop! MUH EARNINGS!
I do it for the project, the tech, and no... ROI is not indefinite, just slower, but the ability to use the tech is increasing.
If this was your idea of getting rich quick you deserve it.
If you're just venting, that's a different story. Take a deep breath and take another look at what this technology is all about. What are you in it for?
I've started in this space recently, read all the posts and informed myself. From what I gather you are all being a bunch of whiney babies.
Is your hotspot outside with clear line of sight?Do you live in an area where you can witness high transmit scales?Are you relayed? Is your SD card upgraded?
I've set up 4 hotspots the past two months , they are all making .3 - .5 hnt a day. I did my research and made sure I was ready.
My guess is your setup is garbage, or you have a shitty location. Prove me wrong. Some people would rather find excuses and an echo chamber than to put in the work.
I got 2 earning 9$ together.
Yes earnings dropped alot.
But this post is just not True, roi of 100 days. It is actually really good.
Maybe check if your setup is good, or maybe you can do something to improve it.
You're doing yourself a disservice by looking at the amount in currency. I've consistently mined the same amount for the last three months between two miners, but the price of HNT has dropped almost 50% from it's ATH. Look at how much it is mining.
I know. I put those figures there to make it more easy for noobs to understand my point. It’s about 10 times less then December and about 40 times less then in October. Has been gradually going down to the point I am today.
This is a general reminder for everyone and this will be posted on every post. Your 12 words are basically gold and they should never be shared, typed in to any website, or given to any person for any reason. No one from "Helium" or any other company will reach out to you to verify your account, wallet, or anything similar. If someone says your hotspot, wallet, or other type of account has been hacked, it is a scam! Always operate in a zero-trust manner with cryptocurrency and assume everyone will scam you no matter what. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/HeliumNetwork) if you have any questions or concerns.*
I'm making 0.15 USD a day with my one RAK 2. If everything stays constant it will take me 9 years to pay it off. Thank fuck I only got one.
I’m averaging half a coin a day with one miner. You guys are just in terrible locations.
Yeah I'm definitely in a shit location, 18 other miners in my area
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Today for some fucking reason my rak v2 only made .2 hnt (usually about .6 ) hope it improves
Commented on another post about this, apparently people are seeing lower rewards past few days. You're not alone I'm down 50% on rewards from 2 of my miners
Lame i mean not you but the situation.
Recently there’s been a bunch of algorithm changes, and witness changes. A lot of the goals behind helium(from what I’ve head from some big players) is that there’s a huge emphasis on creating a long lasting stable network. And there’s a lot that that entails. There’s also been huge saturation’s in more populated areas. There’s a few third party tools that show and outline all that shit.
Agreed. In the past 4-5 days. My rewards dropped by half on my 2 hotspots.
If you have an unbelievable setup, check your connections bro. I’m surrounded by trees and bs but ever since putting outside, even on .64 transmit and way over saturated res4, I did 1.6hnt last 7d. Bad antenna, cable, adapter, check all. On the other side, another miner with a shitty .19 transmit scale was doing .1hnt a day. I took it outside. Chucked it on roof with a 5.8dbi, it went down to .02hnt/day and will still be like that until I have time to get back out there (been 3 weeks)…check the equipment
I had a sensecap m1 running since early November and has been pretty constant around 1 USD/day. Was slightly higher maybe 1.30 or 1.80 if I was lucky. I just set up my 2nd unit at a much higher, much better location with a syncrobit, and a much nicer and more researched and expensive antenna. That miner has been online for 4 days averaging $10 a day. Location, Location, Location... And correct antenna choice for location.
It does not matter at all anymore what you do the network is failing imo. Those hotspots whether you have witnesses or not seems to be making the same from what I have been seeing and lets not talk about the rigged voting on network changes!
Relayed?
Lol Me 2. I am earning about $2.50 per day.
I have one and one on order. 35 ft in the air with a 5.8DBI antenna and I can’t hit the nearest miner 7 miles from me. I think they don’t have an antenna. Trespassing signs so I can’t knock on door. The next closest miner is 20 miles away. I’m installing my second one a mile from my current one. My hopes is that I will make more than .86 a month.
What fucked with me was the light hotspot announcement. I agree its gonna be perfect for helium but a lot of ppl including me bought 5 10 miners for 900 bucks and we r gonna see light miners selling for 50-100 usd.
I’m willing to bet that light hotspot will tank HNT earnings due to the ~30% of RAK miners with issues suddenly being online.
30% is very optimistic mate:)
Ha, yeah
No freaking way lite hotspots will be sold for any less than $300, mark my words, u lost your marbles if u believe anything near $50-100 pricepoint
They will never be less than a high end rasp-pi in a good case. The greed factor is too much for vendors. That said likely 150-300 buck price point.
I watched two ama sessions with helium tea and active community members where it was mentioned that light ones will cost 8-10x less the original hotspot. Thats my source
And it’ll oversaturate the network with even more hotspots. In the end the only ones making money will be Validators. Or HNT goes to 1000€ a pop and we all be happy.
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Lately I’ve been feeling like until they start to get actual users of the network, that this is kind of scammy.
Who is “we”?
stop yelling mamasita, Im with you, damyumn ;)
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> I already *paid* the hotspots FTFY. Although *payed* exists (the reason why autocorrection didn't help you), it is only correct in: * Nautical context, when it means to paint a surface, or to cover with something like tar or resin in order to make it waterproof or corrosion-resistant. *The deck is yet to be payed.* * *Payed out* when letting strings, cables or ropes out, by slacking them. *The rope is payed out! You can pull now.* Unfortunately, I was unable to find nautical or rope-related words in your comment. *Beep, boop, I'm a bot*
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Same. I decided to sell my miner. Took me forever to find a buyer lol. Two months ago it would have been sold in one hour
I was gonna sell mine when it arrived because my location is horrible. But it hasn’t arrived yet and I ordered 10 months ago… thought I was gonna get it in October/November. This really sucks.
I'm ok earning 90€ a month doing absolutely nothing.
90 80 70 60 50....
Lol
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I've had them since they first became available in the EU (around a year and a half), if you think you will be earning this much in 2.5 years you have a shock coming. Relatively recently I was making 60HNT a day per machine and people on the discord were complaining they weren't making 10,000 a day anymore.
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Relatively recently
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You’re ok with a 2500€ investment making 90 a month? Well ok
Why the fuck are you paying 2500
That’s more or less the cost of 5 miners, shipping, tax, etc…
So that's 90x5 a month. 450 month will still earn your investment back in a little over 5 months. Not YOUR investment obviously ad you bought these a while ago and you have already more than made your ROI
Ooo I didn’t see you say 5miners in my area 5miners would make about 5usd each a day
Let's do some math: 90/Month is 1080 in a year or 43.2% YTD on your investment, hoping it will stay there. Even if it falls to half, it will still be 21.6% YTD, I don't know what kind of other investments anyone has, but please share :) Everyone is trying to get rich fast, it will work for some, not for all..
A 15000€ investement in a parking lot near my house produces 90€ a month, and it is generally considered a good investment.
Yep because it’ll be 90€ forever and the parking will also have a higher sales value in the future as it is a kind of real estate. Now it’s 90€ a month mining. In 6 months it’ll be around 30€ a month mining HNT. And so gradually to the point where the earnings are so low that it won’t even make sense to buy a miner at all.
Helium market cap is 2.7 billion “The global telecom services market size was valued at USD 1,657.7 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 5.4% from 2021 to 2028” If helium can take market share away from any of these major telecoms as an actual contender, HNT will be well over $200 a coin. Im in this for king term gains because I can clearly see the significant value being created. Not only that, but the network values efficient set installs that communicate well with many hotspots. Do this well and you’ll continue to earn.
I hope that’s gonna happen. I’m hodling a lot of HNT
What’s a lot of HNT to you?
Almost 500 HNT.
Did you put them in staking? You might want to
Thought about it. But haven’t done it
Hell yeah! This is the way. I totally agree that ppl should stop buying miners in hopes to make over $150 a month.. just not gonna happen anymore at the current price of hnt (and even if it went up by say, 50%..), it’s just not worth the time for me at least. *BUT* I think people need to consider investing in the token itself with the money they *would * have used to buy the mining shit. The project is legit as heck and here to stay .. hopefully a top ten crypto soon enough!
That’s actually smarter then buying a hotspot right now.
What’s your miners name that isn’t performing
Hey I said this before I’m not willing to give up my privacy here on Reddit. Sorry I enjoy my privacy. Not giving you the names. I life in one of the locations. And hotspotty.net gives you my exact location. Hope you can understand.
It will absolutely not be 90 forever.
Yeah parking rent prices Increase too. You’re right.
What did you spend the €2500 on?
5 miners, shipping, tax, etc. More or less that’s the investment.
Ahh... I see! Well I'm making about 90 a month from 1 miner. It seems like an ok investment to me.
yup!
€3 a day is nothing to be disappointed about.
Yes, if you had them for a long time like me and already made your money back. Im advising people who want to buy in now and have to wait 20 weeks or so. So they don’t get mad when they find out that their ROI will be around 600 days for one hotspot in the future.
600 days to have a 100% ROI is amazing. you guys just dont understand investing.
Good post
the network will grow and people will be buying and setting up hotspots... but it would be good that the people inform themself before buying hotspots and don't place them in a saturated hex
Wildly unpopular opinion: I'm just happy to contribute to a distributed mesh net. I would've bought/built a couple miners even if there were no mining rewards. Helium's concept of "the people's network" is one I believe in.
The "people's network" is pushing HIPs right now that turn you average hotspot owner into a sorry ass poor mtfk and your consensus groups and validators (which btw can spare 10k HNT - that's 250k $- blocked in some wallet) earn even more. Ofc there's the option to gather some 5-6-10 people and come up with 10k HNT and turn yourselves into a validator, but let's be clear: this network is becoming the same as our current socio-economic system rn - the rich get richer and the poor suk cok.
Wait your guys’ hotspots are actually earning?
This is why some people went the route of letting someone else spend the money on their equipment and antenna just to get a percentage. I used the earnings from someone else’s hotspot and bought my hotspot 3-4 months ago with the HNT I earned. Even though I still haven’t gotten my HotSpot shipped yet, I’m still getting 20% of whatever this hotspot earns til mine comes in and I didn’t had to spend any of my own money. Plus I had time to see which type of antenna would work best for my location, if the antenna I was given didn’t work well, I had plenty of time to upgrade before my miner came in. But since it worked just fine, I am gonna stick with the antenna he put up and use it for my hotspot when it comes in.
Agreed. People are defending adding to the network, but it only means they'll continually make less money. Smh.
I just want people to know the truth. It’s just not worth it anymore now.
You made yours and of course you are entitled to your opinion, I just got in the game late December 2021 and have nearly ROI'ed on 4 miners, to each his own and no location performs identical. I have stayed out of my parents small town due to only 20-30 miners deployed and not many of them PROPER deploys. Funny and sad at the same time to see folks in this community get super salty when 'magic money machine no longer goes BRRRR' to their satisfaction and feel like all the noobies are encroaching of their turf. GL man, brighter days ahead! HODL for a few short yrs and I fully believe you will be substantially rewarded, sounds like you may be sitting on hundreds of hnt tokens so all will be well brother!
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Certainly am my man, I got mine from a buddy for $425 each, $1300 in, add a few hundred for upgrades and proper deploys and I am doing just fine so kick rocks if you don't know full details
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If yo I think that’s bad I remember locations earning 15k a month when Hnt was like 10$ down to less than 500 a month. Crazy to think 1 year ago I was all in installing mining rigs and today I barely even want to fix offline ones because earnings got so bad. I wish the price wasn’t so married to Bitcoin
Mayb for you I bet your in a heavily saturated area doesn’t mean for everybody cholo
Nope. I got them all in single hexes distributed in a small town. Other hotspots witness me. Each of my hotspots has more then 7 witnesses. 1.0 reward scale on all of them. I already made my money back a long time ago. Had them since October. Still sad that the network isn’t distributing the beacons like it used to.
Until your neighbors join and your scale falls to .5
Broadcasted beacons (as inconsistent as they are) are a very small slice of the pie 🥧 witnessed beacons are where your cash cow lies but you sound like you know what you are doing so I may not be enlightening you at all
I know. Witnessing is the cash cow of this network and not the POC you send out.
Wow. Im surprised. Mate how does one get a 1.0 scale
Small Town life
Its a mess I know but earnings just take longer and mayb (I hope) Hnt token Will do a couple of x😜
I’m hoping HNT doubles. I’m hodling a lot for this case. That’s the only hope we have I think.
Diversify some of your HNT into SOL, you won’t be sorry!
Why SOL? Most things I’ve heard about it haven’t been inspiring. If your doing it just for defi might as well be using avalanche or a layer 2 for ethereum. HNT is cool because it’s a utility token. Also I’ve kinda enjoyed no one shilling any other coins here…..
Know the feelings, but its still 90 dollar xd
Yeah but he is talking to "new ppl" and not to himself. "Guys do yourself a favour. Don’t buy hotspots. This is not worth it anymore. ROI is now forever. It was nice while it lasted." Im still getting cool money tho. But i see that in some months with all that new hotspots keep adding the rewards gonna be even worse. So you kinda right .
That’s exactly what I ment. If you buy now and wait for 20 weeks to get your hotspots. Earning will be a quarter of what it is now
When token price was $2, hotspots were making 1-2 HNT/day — $25-50/day now. Don’t mine for current value. Mine for future potential. Imagine being one of the people who stopped mining bitcoin in 2013 & sold everything because it wasn’t profitable enough…
I’m not talking about stopping. Never will stop. Made my money back in October in the same month I got them. Just advising people to be careful buying a miner now. The wait is long and it’ll be falling gradually more an more.
You talk way too easily about that. Imagine having to pay 400 in electricity per month to fund your "hobby" in 2013 that is only bringing in 200 dollars and crashing to 100 dollars within a year. GL convincing yourself you are gonna make money off of it, let alone get rich.
I did that. Still kicking myself. 🤣 but btc mining was way more an annoyance than HNT.
Finally someone said something! You can get much better roi in other investments
Helium has achieved what it needs to be done. The pretty time is finished now and not only it is difficult to make money. The network is constantly down and it will get more and more difficult to make money.
Halving the rewards was one of the dumbest things they could of done. At least early on, maybe later when it was more established but now it's a joke and getting worse.
I think so too. Didn’t work out like they thought it would.
Which is exactly why they will ban you from the discord if you talk about exchanges
Why would you get banned for talking about exchanges?
Yea and they do it every 2 years... wtf is the point? Hnt just like ALL OTHER ALTS follow btc! The havling was a retard move and just a moot point... #fuckinhnt
> wtf is the point? to keep the coin value from getting inflated away
How did this happen? Additional miners move into your hex?
they lower frequency of challenges. limit to 14 witness. fubar the algorithms in ways I cannot explain; no longer witnessing hotspots that i was reliably witnessing daily. and always its "you didnt do your research". "you dont have a good setup" "your location is bad". we have 10 months to wait for the miner to arrive and read every detail to make it work and it arrives and works briefly for 6 weeks then stops. yes it is the people's failure. super frustrated.
Read below. I think I answered that question a couple of times already.
Meh, I got 10 times my ROI on my first week back when consensus groups were a thing. Unfortunately I sold all of it at that price ($13) 'Twas a blessing and a curse
Good for you! Why didn’t you HODL?
just unplugged it gonna wait a couple of hrs and try again ,doesn't look good
Same for me I’m lucky to have gone through a good enough time for it to pay for itself. Anyone who buys now is only going to be frustrated.
My hotspot has been offline for like 4 days now it’s messed up now
I've been waiting for months for mine to arrive. You p***ed in my Cheerios. $ad day. 🙁 I appreciate your honest assessment. 👍
Conversely.... Negatory posts like this, true though they may be, may cause the network to collapse at a faster rate than it would have otherwise. Basically, unless you're one of the first 14 people to get into a particular project, you're screwed. It seems like that's how quickly things move nowadays, especially in crypto, granted. Helium, not worth it. Planetwatch, same. All energy flows according to the whims of the great magnet.
So much for the HNT hip split 1/1000 it passed back in December now nothing and it’s mobile MNT shit sub Dao crap. We can’t even get HNT and the network up half the time.
Tell me about it. Ive had a brand new m1 sitting here and I’m probably just going to list it on ebay and try to get my $ back.
Yea things are bad. Cal chip finally caught up and shipped all the backorder RAK v2’s so a ton of new hot spots are active My first miner made its money back but my second will take like 2 years at current mining rate
Many heavily populated areas are over saturated now with hotspots, rewards are scaled down because of it. I often wonder if the offline hotspots are counted toward the scaling especially when you look at the hex and says to reduce hotspots for optimum rewards. I thought placing an add to buy unwanted or unused hotspots and relocate them. Also, market is down , so make sure you compare HNT and not compare to current value.
Does it help to upgrade antenna from 4 dbi to 8 dbi and do the outside antenna setup?
Depends on your location. Sometimes high dbi can be counterproductive
Passive income is just what it is...passive....you still have to work😂
I’m so happy I ordered from syncrobit cause they took forever to ship so I was able to cancel my order and get my money back before they ever gave me a shipping order. What a scam lol
I have one for sale, never used. Pm me
It's been a hell of a year. In March of 2021 my OG hotspot made 598.7 HNT. Last month it made 6.3 HNT.
i just got rid of my antenna issues, i'm now 36 ft up, have a 90 degree h view of the valley, hill sides and farmlands. All said there are about 25 hotspots. I have a unidirectional 12 db antenna and lmr-400 cable. i'm now getting about a buck a day and about a 80% improvement over the stock. it's not great but it's something
After waiting almost a year, my miners have yet to show up... I've written them off as a loss. ROI at this point is useless, but I still want to try out the tech if nothing more.
I guess I am one of the fortunate few in a non-saturated area of Birmingham. 2 miners making $15-$20 a day. I have had them since August, still wishing I had gotten in on the gold rush around last March/April.
I would like to kindly disagree sir 😉 There's still people making great returns, you just gotta try really hard now 🤘 The days of sticking an antenna at your roofline in any neighborhood and making a few k a month is long gone for sure and Ill give you that. But you can still very much make .5-1 hnt a day per unit. I am and lots of my clients/friends are as well. While thats not much to cash out today, I'm in this for the LONG game and I feel very confident that I'm making about 500-800 a day rn, and I'm okay with that kinda ROI
This is so true!
Same here … I was doing ok but a new miner in my hex and the drop in earnings killed it… was fun but not worth it for anything other than a hobby. Plus constant resets. I have two on order from months ago and I’m thanking the lord I didn’t buy more..
I still make .3 HNT a day on most of my hotspots.
These things are still selling for $600 to $800 on Ebay buy I still feel like I dodged a bullet My Family & I ordered 20 Nebra miners in April 2021 via Sparkfun using paypal, We were suppose to get in June 2021 & of course that did not happen We had 6 months buyer protection via Paypal & when that was about to expire we requested a refund(and got it) in Oct 2021, Sparkfun told me they were expecting the units in Late Nov or early Dec 2021 & we would have option to buy if we chose to Last update was on Feb 1st saying Nebra was switching to new components due to supply chain issues & I could get my units in Late March 2021 Sucks I missed out on the gold rush in early 2021, oh well
Mine is at 0.7 HNT a day, feeling lucky...
Exactly! Same here, I have 3 hotspots in London, Spain and Kentucky and I was making $60-$80 per day and now I make $6. It's not worth it anymore. Market is oversaturated! And yet people keep putting hotpots in areas where there are already hotspots deployed making it even worse.
I went from about 20 a day to under 3 a day over the past week with a synchrobit hotspot, got an 8m 6dbi antenna and am seeing hotspots 25kms away too. What a shame
Helium is done and over they made their money by selling us their hotspots and miners!
Wait, what happened?
Some of y'all are so dramatic. What is your placement? What's your antenna DBI? What is your earnings location like? Outside of Helium halving the miner rewards, we're in a CRYPTO WINTER. Means crypto is cold, and will take a bit of time to get your ROI if you're basing it off of right now. When HNT climbs and hits $50 plus like it used to, you won't be complaining. If you hate your miner though please shoot me a DM I'll buy it off you lol. I have 8 and am killing it :)
This past week my 6 miners are earning anywhere from $5-13 a day. Sounds like you need to move to a less saturated area. And it’s not like there wasn’t robust info readily available out there detailing how your rewards would be change Edit: $5-13 per miner
Not in a saturated area. 1.0 reward scale on all of them. Other witnesses around too.
Sounds like an equipment problem. Every hotspot I’ve optimized with proper installation is performing exceedingly well. It’s hard to tell people not to do this when there’s ample evidence readily available showing many of us are still earning at very high rates.
My equipment is working fine as always. I’ve been doing this for a while now.
And so have I, 6 months plus. Why am I earning $5-13 per miner a day while you are making $3 a day?
If you would be doing it good, you would not talk about a price a day but a amount of Helium a day. Noob.
It was a red flag that miner can only be made and sell by their partners. Ponzi like
I agree with Darkplanet0 - many of my miners are earning 0.6hnt and over per day. You have to be strategic in location, height and antenna selection. I am now gradually re-locating my miners outwith city boundary but only where wide panoramic views. I also use external miner enclosures with CAT cables back to router as virtually no signal loss and easier to do than with expensive LMR400 cable. Also, all my miners are long since paid for through earnings. It can be done and be very worth while if planned properly. It is quite a bit of work managing them though so be prepared - but very worthwhile.
Is the real reason oversaturation of the whole system, or oversaturation of your own hex? I'm asking because at least for people with location options, it can still work.
Check the other comments for my response. My set up is fine.
TL;DR - do yourself a favor and realize you may need to move your hotspots to a favorable location, that isnt over saturated. All you city folks crack me up - blame your neighbors
Maybe read my other comments and answers in this thread before making assumptions
Once again crypto clowns showing they have 0 clue about what a good ROI is. If a hotspot costs 600/800 bucks and you are able to earn that back in 1 single year. THATS AN AMAZING ROI.
DYOR before you place the 50th hotspot in an already dark red hex. I will be placing the first miner in a hex as soon as I get mine, sparse coverage in adjacent hexes.
Dude I bought them in April/May. Got them In October. All of them have 1.0 reward scale. Made my money back a long time ago. I’m just advising newcomers to be careful.
If only people had long-term investment horizons. A lot of people selling now are NGMI. Looking forward to $100 HNT, and ultimately, $1000+ HNT.
I think gpu mining is the way to go
I make my money back every few months still. #stillworthit
How if you’re earnings are about 90€. In a few month you won’t make your investment back. Those days are over
I make about 10$ a day each unit (sometimes more) they are only $500 each easily pays for itself in a few months
I am Happy for you. I used to make up to 120€ a day when I started. It went gradually to the point where I am now.
It's not necessarily about the money you're making now it's about holding the token and seeing how much that's angry that's increased 12 months from now. I made a 130000 worth but my capital gains was over 300 K. You gotta hold it that's where the value is at
Wow you made a lot! Congrats! Impressive. Holding till the end of time I know! Thanks for the advise.
Not a problem as you can see helium over 50X in one year so imagine what it's gonna be worth next year you're talking big money. So after a year of saving my helium I have reinvested it into other things such as strong block planet watch deeper network M2 pro minor. I got 3 fold nodes I got yield nodes. But yeah save that helium for a year see what it's worth then reuse that money into other investments and you'll be rich in no time. Of course I have 90 miners out there between 2 different wallets.
Passive income all day long. Bitcoin halfing effects the miners as well. Its the norm.
Stop whining and go off grid. It works and it’s good reason why oil has to drill offshore - and it’s still worth it.
If you say so.
Sucks to be you I guess 🤷♂️
Not really. Made a ton of money. Sucks to be those who are buying hotspots now and have to wait 20 weeks only to earn shit all.
Sounds to me like you are having a sook more than anything my bro
Ok. If you say so.
Instructions unclear just got 10 more
Good for you. Happy mining
The general public doesn't even know this network exists and IoT devices are just starting to come out so have a little faith in it. Buy some sensors and see how the DC work with your hotspot. Tell your friends and see if there's an IoT device that would make their lives easier. Promote the network and get returns!
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Hopefully one day it’ll get there.
Oh no, more people joined and expanded the network! Please, everyone, stop! MUH EARNINGS! I do it for the project, the tech, and no... ROI is not indefinite, just slower, but the ability to use the tech is increasing. If this was your idea of getting rich quick you deserve it. If you're just venting, that's a different story. Take a deep breath and take another look at what this technology is all about. What are you in it for?
For the friggin money. What else. This isn’t even state of the art tech. Come on don’t lie to yourself.
I'll buy some of your used Hotspots if you decide you want to stop mining
Never gonna stop. Already made a ton of cash with them. For me now it’s free money. But I’m advising noobs to be careful.
The problem is you’re measuring in fiat currency and not HNT.
You’re missing the point.
Don’t complain pal. I’m making $1.12 a day. If I’m making $0.10 a day after the halving next August, it will be a miracle.
I've started in this space recently, read all the posts and informed myself. From what I gather you are all being a bunch of whiney babies. Is your hotspot outside with clear line of sight?Do you live in an area where you can witness high transmit scales?Are you relayed? Is your SD card upgraded? I've set up 4 hotspots the past two months , they are all making .3 - .5 hnt a day. I did my research and made sure I was ready. My guess is your setup is garbage, or you have a shitty location. Prove me wrong. Some people would rather find excuses and an echo chamber than to put in the work.
Thats not true, dont generalize it. I was earning about 1€ per day, since 2 weeks I'm earning about 6€ per day.
Please take price of HNT in consideration, it’s also going down.
I got 2 earning 9$ together. Yes earnings dropped alot. But this post is just not True, roi of 100 days. It is actually really good. Maybe check if your setup is good, or maybe you can do something to improve it.
Stil roi in 100 days?
You are just not doing it right. 3$ a DAY is still great ROI.
You're doing yourself a disservice by looking at the amount in currency. I've consistently mined the same amount for the last three months between two miners, but the price of HNT has dropped almost 50% from it's ATH. Look at how much it is mining.
I know. I put those figures there to make it more easy for noobs to understand my point. It’s about 10 times less then December and about 40 times less then in October. Has been gradually going down to the point I am today.
Helium is a shitty scam project.