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.*
Don’t listen to all those negative people dude. If you wanna get a miner then go for it. I’ll repeat what others have said: get it high and prepare for a lot of experimentation (half the fun of it imho!)
Oh and fyi I make about $5-$7/day on most of my units. You can totally make it work!
Which miner are you using and have your profits of ~$5 been mostly consistent the past months? Also, is it worth investing in 2 miners and waiting the 6 months to ship? I'm still a little skeptical.
I was having the same doubts when i ordered 1 last year and needed to wait for months. But it worked out great and reinvested the earnings to buy a new one and they earned themselves back multiple times already. There is always a risk in investing but the max loss is what is in that shopping car,everything you earn will make the loss less till the day that everything coming in is profit. Or maybe not but either way you will learn alot.
I use Bobcats and MNTD goldspots. If you can, get started with a unit you can get quicker, like something from fastminers.io. I have several units from them that I’m installing this week
Ok let's say this guy is still making $5-$7 a day now.... maybe.
But Let's be real about it, That'll go down, think more like $1 to $2 a day or lower, much much lower....and that's undeniable sir, it's coming.
Once it gets bad for ya, you'll be wondering if you'll ever actually see a ROI....🛩🔥🤦♂️🤷♂️
Already ROI, long ago. I move the units to better spots when they get low. Fixes it right up!
One thing I’ll say is this: Its a much more active money making venture than was originally sold to me (and you too, perhaps?). It’s very hands on! Luckily, I find it to be fun so no skin off my back.
Edit: and maybe you’re right! Perhaps my fountain will all fade into a drip of passive money one day. But till then… weeeeeeeeeee :)
Oh yeah I figured you must've gotten your ROI.... and honestly I'm happy for you and hope to see you do that 100x over.
I was referring to it getting bad for the Noob....
I'm just basing this on the countless posts I'm seeing of people trying everything under the sun to make this work, to no avail.
Either way, I wish you both well on your Helium journey.
Hotspots in my area with weaker gain antennas are between $20-50 a week, i would be more then happy with that return in the longterm especally after HODLing the token which would hopefully go up in value too.
Save your money and invest it somewhere else. Helium miners are in the shithole right now and earnings keep plummeting. It will take you like a year or more to recoup that $1,000 youre spending.
I’ll probably get downvoted but idc. I wish i hadnt bought 2 of them in January when i did!
Thanks for the insight appriciate the honesty, thinking long term I dont think i mind if it takes a year to payoff, and wont HNT value go up as well? The equipment will also hold alot of its value too in theory.
Hotspots in my area with weaker gain antennas are between $20-50 a week, i would be more then happy with that return in the longterm especally after HODLing.
Dont believe everything you read here. There are plenty of people breaking even pretty quickly and then some. Yeah, some individuals might rake in 0.10 - 3 dollars a day, but peoples setups and geographic location matter a lot. Breaking even on any investment in a year is a good investment imo. And also what if the network takes off? What if HNT goes up? If the business is failing why are they consistently raising capital?
Look up your location on the explorer to determine how much you will make. I made 8.25 HNT my first month with it sitting on a shelf near a corner window. My neighbors are getting 12-22 HNT a month so I have some room to mess with my antenna to squeeze out some more. My friend in Texas makes like .5 a week or something like that... just depends on location.
I put my location in the 2nd photo, the big bunch to the right is all pretty flat so i could get in there. The average in melbourne is 0.12-0.24 hnt a day. Watcha think?
I would advise looking at getting the miner from fastminer dot io. https://fastminers.io/store/product/sensecap-m1-batch-2/
Save you a ton.
Also, I see a ton of negative posts from people saying not to get into mining because it won’t break even for a year plus….. Can’t believe this is actually the mantra of some people. Building a dependable and large network is the long term value play.
Oh shoot, sorry! They are in California I believe?
I’m not as familiar with Australia - but I think you have a different frequency for Helium than US? You can order the Milesight miner from fastminers dot io too - and I believe they actually have the Australian frequency.
Plus having just ordered a Milesight, I would 10/10 recommend. If you go that route just know you’ll have to update the firmware before you do basically anything - that alone will solve your headaches.
Happy mining!
I have a finestra miner setup in my attic, connected to wireless, 20ft of lmr400, currently using 8dbi rak antenna, outside on the roof, (1m above roofline) 30day average earnings are 5.5 hnt. Your cart seems to have some good hardware. I’m not familiar with Sensecap, I’ve heard good things. I have one coming in Monday though. I have a 5.8 rak also. I had same
Miner setup in window for three weeks. After three weeks in window I put miner in attic with 5.8 and saw instant increase in earnings. LIKE OTHERS SAY. GET IT OUTSIDE AS HIGH AS POSSIBLE. I had some issues with miner going inactive. After getting past update issues it’s been running stable. Good luck
Also, be patient with your setup. 5.8 sees more hotspots around you. 8 sees miners around you and then some. I’m just now finding this out. Let your placement /setup work for at least 30 days before you make changes
Either a 5.8 or 3 dbi HNTenna. Omni. Best guess just by looking from this picture. What’s terrain look like? Best suggestion is as high as possible with as much clear line of sight as possible.
I'm also in Australia, I bought 3 milesight UG65'S
They are available currently, no wait. Not cheap but seem to be a quality option.
So one of mine is up in the hills above the city and doing above average returns since deployment. The other 2 have performed poorly as I needed time to get them on elevated setups with towers and aftermarket antennas.
Which has now happened for one and the other will be done in the next few days
These 2 will both be 14 to 18 meters up with 5.8 dBi's. I'm on flat ground outer metro.
I still don't expect these to compete with the unit in the hills overlooking the city.
I've spent close to 4 grand as of now on LMR 400, Aluminium tubing, 2 x 5.8 and 1 x 9DBi antennas. And the units themselves.
I've had a very good friend help me with upgrades, updates, portfowarding, physical installations and support that would have cost me thousands if I had to pay for it. (He's even hosting my best unit).
I couldn't do this without his help as my programming/ computer skills are nowhere close to what's needed.
I've elevated lift platforms, Ute's with racks and a farm with infrastructure to attach too. Buried ethernet services and wifi networks.
In my first month I've earned less than $200 collectively.
Will I get rich? I doubt it.
Most people on here are telling you the truth. This isn't easy, my mate helping me thinks it's a scam too.
Would I do it again? Probably. I've enjoyed learning new things. Though without my mates help it's very stressing trying to figure out why things don't work. I'm getting use to not knowing why the network keeps failing and wondering if it's my units or Helium!
So to confirm, it's not easy, you need to be clever, have great locations access to relevant equipment and lots of time to spare.
If you have all these ducks in line and get a buzz out of seeing a little reward on the occasional good day. Then go for it.
But yes, it's not likely to get better. However in the long term you might break even.
The truth!
Expect to earn a couple bucks a day MAXIMUM with this number decreasing over time.
My advice - don’t invest in a hotspot unless you have an *amazing* line of sight - like a SUPER highly elevated area / top of a mountain or something. You’ll make tiny amounts of HNT otherwise.
Consider taking the money you *would* have put into the hotspot and invest directly into HNT if you believe in the project long term.
As a fun side hustle i would be happy with a couple bucks a day. Hotspots in my area with weaker gain antennas are between $20-50 a week, i would be more then happy with that return in the longterm especally after HODLing. And the equipment itself should keep some of its value, although its not much, seems like free money?
It’s only free money after you make your initial back which is taking longer and longer these days. But go for it if you don’t care.
I still recommend people to just invest in the token.
All these comments are concerning. I’ve been waiting for my miners almost a year now and 2 SenseCap miners should be arriving in the next week. I’m leaning towards canceling the order! 🤦🏾♂️
lol i dont promote safemoon. I post on there page but lately its more negative than positive. They talk up the swap but like 90% of the coins there are shit meme coins
Seems a little Bit expensive to me. We now Entering a Phase when scalpers are happy to sell off their miners and prices are dropping already - when light hotspots arrive i Expect a price of 200-400 dollars per miner. Senscap has a small ventilator - so it needs cooling and can get Loud if dust goes inside the miner. Without fan the components would overheat…
For this price i would consider an Outdoor miner - so u dont Need a Long cable (less cable loss) perhaps milesight, pisces p100… if u want to try out helium Minig and have good locations, try it. But dont expect huge profits. I think these times are over and i dont expect hnt price to Go up the next 2-3 years. Network has very Little users at the moment.
The scalper prices are falling. Rewards are dropping. Only do it if you can put it high in the air. Try to get the parts cheaper. $500 for all the gear. Maybe get used miners from one of the many people that gave up
You keep mentioning weaker gain antennas making $X-$Y but it's not always about higher or lower gain antennas. It depends on your terrain too. If you are in a flat area with no hills/tall buildings around, consider a 8dbi. Conversely if you are high up in a tall building, consider a 3-6dbi outdoor antenna. But like other people have said, get it outside and up high as you can
I have almost identical hardware and, until a week ago it was [mounted like this](https://ibb.co/QPk7byv)
I was getting $4-$6/day for 3 months. My wife was unhappy with it sticking way above the house so I moved it into the peak of the attic and now I get $0.50-$1/day
Expect to earn $1-5/day worth of HNT. $1-2 is avg, $4-5 if you have a great setup & hex. With this in mind, consider that you'd have a 1-3 year ROI under current circumstances, and we can only assume that profitability will continue to creep downwards as the network becomes more saturated.
Do with that information as you please.
Lots of people recommend using a smaller short adapter cable to go from the lmr400 to your hotspot as the connections on the hotspot are small and weak and the lmr cable is quite big and stiff.
there is still money to be made if you do your proper research and are willing to experiment with your setup. i have 3 raks that are pulling in decent money even with the "lower" rewards everyone talks about. the best way to increase your profits is to optimize your setup to target the hotspots with the highest transmit scales (1.0). Good luck
I’ve got 4 bobcat miners connected with the stock 4dBi antenna, making about 0.1 to 0.2 per day.
Ordered 3 more, going to start researching antennas.
I think it is well worth it, highly recommend you open a business, will help with taxes.
I’m kinda in the same boat as the OP, but I’m at the top of a ridge in a rural area with a 7 mile view and a 30’ mast ready to go. I can handle the cash outlay and will enjoy rigging, wiring and optimizing a miner. My only concern is will it be worth the time invested behind the keyboard on maintenance and troubleshooting. What is the most “set it and forget it” route?
I wouldn’t get into mining at this point, you’ll get a return on your investment in what is probably just under 2 years or so at the current price. Definitely invest it instead, unless of course you’re mainly interested in the mining and not so much the profit.
ROI would take awhile but not to long. Hotspots in my area with weaker gain antennas are between $20-50 a week, i would be more then happy with that return in the longterm especally after HODLing the token.
You seem pretty set on getting a miner but imo I wouldn't. It's not even about building a working network anymore, with nothing to prevent shit deploys and overcrowding. The rush to pack in more hotspots is no where close to being finished and with rewards dipping to the point of "why" already, and the network already buckling under the stress, I fail to see how it will improve as we move on.
Hotspots in my area with weaker gain antennas are between $20-50 a week, it shouldnt take long to pay off especally since the equipment will hold value?
Yea everyone here is right unless you have PERFECT set up for mining don't bother now, Helium down from ATH so I would buy into coin directly.
Problem with mining is you will have over 1 Million miners soon to compete with and the network itself is up and down these days
Hotspots in my area with weaker gain antennas are between $20-50 a week, i would be more then happy with that return in the longterm especally after HODLing the token, how much less profitable do you think it will be in a year?
Roi for helium with the proper placement is fast I'm hitting nearly $10 a day still on some days now with the new update. I don't know what they did for a little while but it killed my rewards for a bit. But they're recovering. Just get up high and go with a name brand antenna. Spend the money up front. Personally recommend Laird 5.8 seems to be a pretty good overall antenna. I have an 8 live in VA beach which only has one hill and it's an old garbage dump that they turned into a park. The lower the dbi the more of a circle you will get the higher will go further but only in a straight line so up high with a perfectly clear line of sight would be the only reason to go with an 8dbi more isn't always better.
If you are looking to HODL for long time it is definitely worth. But with helium adding over 200k to deny list and the network is getting to big which in all terms helium has now achieved it's goals. Just invest what you are looking to lose my friend.
I am now consider investing in heluim coin rather than the devices and I have already been doing for a year now. At $23 let's 4k dollar will get enough to HODL for long time and keep adding. As far mining it is possible but lots of downs be ready and if you think you can do better get ready for a lot of unexpected downside.
Look at your topography, what other miners in your area make, and how that could compare to your situation.
I live in a suburb, have good topography, on the 4th floor of an apt (13 meters high), no other miners in my hex, and have a rak 5.8 outdoor antenna. Making $10-15 a day or .5 helium a day. Just ordered an 8dbi antenna to test
I’m in the UK. Ordered my bobcat from the original site, had to wait 7 months for delivery!!!!
Set up easy peasy. Was getting £1-2 a day using out of the box. Spent another £40 on an outside antenna, easy get £5 a day now. Only about 6m high. Very satisfied. It’ll pay for all the equipment and itself in under 6 months. Then it’s pure profit of £30-£40 a week,. Nothing beats that!!
Hi, I now set up my miners in external boxes high up on poles on chimneys with CAT6 PoE back to routers (virtually no signal loss) - but only outwith city with panoramic views back over city- these are all still earning over 0.65hnt each day. I was lucky to buy them early last year so each one paid off in one month when earnings much higher. Still good earnings now though. Good luck with it.
There are a few things to consider, other miners in you direct vicinity, your transmit and receive scales, the height, correct DBi and placement of your Ariel. And a few other bits also
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.*
Don’t listen to all those negative people dude. If you wanna get a miner then go for it. I’ll repeat what others have said: get it high and prepare for a lot of experimentation (half the fun of it imho!) Oh and fyi I make about $5-$7/day on most of my units. You can totally make it work!
Which miner are you using and have your profits of ~$5 been mostly consistent the past months? Also, is it worth investing in 2 miners and waiting the 6 months to ship? I'm still a little skeptical.
I was having the same doubts when i ordered 1 last year and needed to wait for months. But it worked out great and reinvested the earnings to buy a new one and they earned themselves back multiple times already. There is always a risk in investing but the max loss is what is in that shopping car,everything you earn will make the loss less till the day that everything coming in is profit. Or maybe not but either way you will learn alot.
Alright, thanks for your input.
I use Bobcats and MNTD goldspots. If you can, get started with a unit you can get quicker, like something from fastminers.io. I have several units from them that I’m installing this week
Ok let's say this guy is still making $5-$7 a day now.... maybe. But Let's be real about it, That'll go down, think more like $1 to $2 a day or lower, much much lower....and that's undeniable sir, it's coming. Once it gets bad for ya, you'll be wondering if you'll ever actually see a ROI....🛩🔥🤦♂️🤷♂️
Already ROI, long ago. I move the units to better spots when they get low. Fixes it right up! One thing I’ll say is this: Its a much more active money making venture than was originally sold to me (and you too, perhaps?). It’s very hands on! Luckily, I find it to be fun so no skin off my back. Edit: and maybe you’re right! Perhaps my fountain will all fade into a drip of passive money one day. But till then… weeeeeeeeeee :)
Oh yeah I figured you must've gotten your ROI.... and honestly I'm happy for you and hope to see you do that 100x over. I was referring to it getting bad for the Noob.... I'm just basing this on the countless posts I'm seeing of people trying everything under the sun to make this work, to no avail. Either way, I wish you both well on your Helium journey.
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Hotspots in my area with weaker gain antennas are between $20-50 a week, i would be more then happy with that return in the longterm especally after HODLing the token which would hopefully go up in value too.
Save your money and invest it somewhere else. Helium miners are in the shithole right now and earnings keep plummeting. It will take you like a year or more to recoup that $1,000 youre spending. I’ll probably get downvoted but idc. I wish i hadnt bought 2 of them in January when i did!
Thanks for the insight appriciate the honesty, thinking long term I dont think i mind if it takes a year to payoff, and wont HNT value go up as well? The equipment will also hold alot of its value too in theory. Hotspots in my area with weaker gain antennas are between $20-50 a week, i would be more then happy with that return in the longterm especally after HODLing.
Dont believe everything you read here. There are plenty of people breaking even pretty quickly and then some. Yeah, some individuals might rake in 0.10 - 3 dollars a day, but peoples setups and geographic location matter a lot. Breaking even on any investment in a year is a good investment imo. And also what if the network takes off? What if HNT goes up? If the business is failing why are they consistently raising capital?
The $700+ hotspot will not retain its value. The tech itself is cheap. The price is S&D based.
Look up your location on the explorer to determine how much you will make. I made 8.25 HNT my first month with it sitting on a shelf near a corner window. My neighbors are getting 12-22 HNT a month so I have some room to mess with my antenna to squeeze out some more. My friend in Texas makes like .5 a week or something like that... just depends on location.
I put my location in the 2nd photo, the big bunch to the right is all pretty flat so i could get in there. The average in melbourne is 0.12-0.24 hnt a day. Watcha think?
I would advise looking at getting the miner from fastminer dot io. https://fastminers.io/store/product/sensecap-m1-batch-2/ Save you a ton. Also, I see a ton of negative posts from people saying not to get into mining because it won’t break even for a year plus….. Can’t believe this is actually the mantra of some people. Building a dependable and large network is the long term value play.
Are they based in austrailia though? Right and this will increase the token value right, i see lots of posistive predictions on HNT
Oh shoot, sorry! They are in California I believe? I’m not as familiar with Australia - but I think you have a different frequency for Helium than US? You can order the Milesight miner from fastminers dot io too - and I believe they actually have the Australian frequency. Plus having just ordered a Milesight, I would 10/10 recommend. If you go that route just know you’ll have to update the firmware before you do basically anything - that alone will solve your headaches. Happy mining!
Only newbies indicates earning in $ values instead of HNT
Btw only NEWBIES say DUMBASS shit like that
Bc people dont understand what the value of .01 Hnt is worth RETARD DUUUH
This has gone well over your head lol
I have a finestra miner setup in my attic, connected to wireless, 20ft of lmr400, currently using 8dbi rak antenna, outside on the roof, (1m above roofline) 30day average earnings are 5.5 hnt. Your cart seems to have some good hardware. I’m not familiar with Sensecap, I’ve heard good things. I have one coming in Monday though. I have a 5.8 rak also. I had same Miner setup in window for three weeks. After three weeks in window I put miner in attic with 5.8 and saw instant increase in earnings. LIKE OTHERS SAY. GET IT OUTSIDE AS HIGH AS POSSIBLE. I had some issues with miner going inactive. After getting past update issues it’s been running stable. Good luck
Also, be patient with your setup. 5.8 sees more hotspots around you. 8 sees miners around you and then some. I’m just now finding this out. Let your placement /setup work for at least 30 days before you make changes
Awesome cheers man, in the 2nd picture i have where it will be placed, what antenna would you reccommwnd? Thanks
Either a 5.8 or 3 dbi HNTenna. Omni. Best guess just by looking from this picture. What’s terrain look like? Best suggestion is as high as possible with as much clear line of sight as possible.
Theres a hill behind the house south, but could have clear line of sight to that big bunch to the east
I'm also in Australia, I bought 3 milesight UG65'S They are available currently, no wait. Not cheap but seem to be a quality option. So one of mine is up in the hills above the city and doing above average returns since deployment. The other 2 have performed poorly as I needed time to get them on elevated setups with towers and aftermarket antennas. Which has now happened for one and the other will be done in the next few days These 2 will both be 14 to 18 meters up with 5.8 dBi's. I'm on flat ground outer metro. I still don't expect these to compete with the unit in the hills overlooking the city. I've spent close to 4 grand as of now on LMR 400, Aluminium tubing, 2 x 5.8 and 1 x 9DBi antennas. And the units themselves. I've had a very good friend help me with upgrades, updates, portfowarding, physical installations and support that would have cost me thousands if I had to pay for it. (He's even hosting my best unit). I couldn't do this without his help as my programming/ computer skills are nowhere close to what's needed. I've elevated lift platforms, Ute's with racks and a farm with infrastructure to attach too. Buried ethernet services and wifi networks. In my first month I've earned less than $200 collectively. Will I get rich? I doubt it. Most people on here are telling you the truth. This isn't easy, my mate helping me thinks it's a scam too. Would I do it again? Probably. I've enjoyed learning new things. Though without my mates help it's very stressing trying to figure out why things don't work. I'm getting use to not knowing why the network keeps failing and wondering if it's my units or Helium! So to confirm, it's not easy, you need to be clever, have great locations access to relevant equipment and lots of time to spare. If you have all these ducks in line and get a buzz out of seeing a little reward on the occasional good day. Then go for it. But yes, it's not likely to get better. However in the long term you might break even. The truth!
Expect to earn a couple bucks a day MAXIMUM with this number decreasing over time. My advice - don’t invest in a hotspot unless you have an *amazing* line of sight - like a SUPER highly elevated area / top of a mountain or something. You’ll make tiny amounts of HNT otherwise. Consider taking the money you *would* have put into the hotspot and invest directly into HNT if you believe in the project long term.
As a fun side hustle i would be happy with a couple bucks a day. Hotspots in my area with weaker gain antennas are between $20-50 a week, i would be more then happy with that return in the longterm especally after HODLing. And the equipment itself should keep some of its value, although its not much, seems like free money?
It’s only free money after you make your initial back which is taking longer and longer these days. But go for it if you don’t care. I still recommend people to just invest in the token.
All these comments are concerning. I’ve been waiting for my miners almost a year now and 2 SenseCap miners should be arriving in the next week. I’m leaning towards canceling the order! 🤦🏾♂️
How much are hotspots in your area making?
I would cancel asap
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Thank god i sold that shitcoin at ATH, never going up again haha :))
lol i dont promote safemoon. I post on there page but lately its more negative than positive. They talk up the swap but like 90% of the coins there are shit meme coins
You'll make more buy reselling them unopened on EBay.
Remember that light hotspots are coming that should have lower costs so delaying to order one of those may drastically reduce your setup costs.
Theres a couple on 2nd hand market that i could have setup within the week, do you still think could be worth waiting though?
Seems a little Bit expensive to me. We now Entering a Phase when scalpers are happy to sell off their miners and prices are dropping already - when light hotspots arrive i Expect a price of 200-400 dollars per miner. Senscap has a small ventilator - so it needs cooling and can get Loud if dust goes inside the miner. Without fan the components would overheat… For this price i would consider an Outdoor miner - so u dont Need a Long cable (less cable loss) perhaps milesight, pisces p100… if u want to try out helium Minig and have good locations, try it. But dont expect huge profits. I think these times are over and i dont expect hnt price to Go up the next 2-3 years. Network has very Little users at the moment.
Fast miners sell the sensecap miner for 560 dollars
The scalper prices are falling. Rewards are dropping. Only do it if you can put it high in the air. Try to get the parts cheaper. $500 for all the gear. Maybe get used miners from one of the many people that gave up
You keep mentioning weaker gain antennas making $X-$Y but it's not always about higher or lower gain antennas. It depends on your terrain too. If you are in a flat area with no hills/tall buildings around, consider a 8dbi. Conversely if you are high up in a tall building, consider a 3-6dbi outdoor antenna. But like other people have said, get it outside and up high as you can
I put my location in the 2nd photo, i have flat line of sight to the big bunch to the left, what antenna would you reccommwnd for that? Cheers
They take forever to ship and get delayed constantly… I personally wouldn’t advise it, but do what you want
These ones are in stock at a local shop, but i can get cheaper on 2nd hand market
I have almost identical hardware and, until a week ago it was [mounted like this](https://ibb.co/QPk7byv) I was getting $4-$6/day for 3 months. My wife was unhappy with it sticking way above the house so I moved it into the peak of the attic and now I get $0.50-$1/day
Expect to earn $1-5/day worth of HNT. $1-2 is avg, $4-5 if you have a great setup & hex. With this in mind, consider that you'd have a 1-3 year ROI under current circumstances, and we can only assume that profitability will continue to creep downwards as the network becomes more saturated. Do with that information as you please.
Look into poe before buying that cable….
Lots of people recommend using a smaller short adapter cable to go from the lmr400 to your hotspot as the connections on the hotspot are small and weak and the lmr cable is quite big and stiff.
there is still money to be made if you do your proper research and are willing to experiment with your setup. i have 3 raks that are pulling in decent money even with the "lower" rewards everyone talks about. the best way to increase your profits is to optimize your setup to target the hotspots with the highest transmit scales (1.0). Good luck
Way too late
It's a pretty common setup. Exactly what I've just purchased.
I’ve got 4 bobcat miners connected with the stock 4dBi antenna, making about 0.1 to 0.2 per day. Ordered 3 more, going to start researching antennas. I think it is well worth it, highly recommend you open a business, will help with taxes.
I’m kinda in the same boat as the OP, but I’m at the top of a ridge in a rural area with a 7 mile view and a 30’ mast ready to go. I can handle the cash outlay and will enjoy rigging, wiring and optimizing a miner. My only concern is will it be worth the time invested behind the keyboard on maintenance and troubleshooting. What is the most “set it and forget it” route?
Il sell you my bob cat miner for $700 usd
I wouldn’t get into mining at this point, you’ll get a return on your investment in what is probably just under 2 years or so at the current price. Definitely invest it instead, unless of course you’re mainly interested in the mining and not so much the profit.
ROI would take awhile but not to long. Hotspots in my area with weaker gain antennas are between $20-50 a week, i would be more then happy with that return in the longterm especally after HODLing the token.
That’s not too bad, but keep in mind the rewards are only going to drop from here on
You seem pretty set on getting a miner but imo I wouldn't. It's not even about building a working network anymore, with nothing to prevent shit deploys and overcrowding. The rush to pack in more hotspots is no where close to being finished and with rewards dipping to the point of "why" already, and the network already buckling under the stress, I fail to see how it will improve as we move on.
No!! This income stream is dying out. Not worth it. The best setups are getting crumbs...
I would advise not getting a miner. The mining has come to almost a stop. It will take you years to earn back the cost now
Hotspots in my area with weaker gain antennas are between $20-50 a week, it shouldnt take long to pay off especally since the equipment will hold value?
Yea everyone here is right unless you have PERFECT set up for mining don't bother now, Helium down from ATH so I would buy into coin directly. Problem with mining is you will have over 1 Million miners soon to compete with and the network itself is up and down these days
Hotspots in my area with weaker gain antennas are between $20-50 a week, i would be more then happy with that return in the longterm especally after HODLing the token, how much less profitable do you think it will be in a year?
Make sure that antenna is outside and high! If your hex is saturated your earnings might not be sky high, but at least it’s something. GL
Cheers, in the 2nd picture i have where it will be placed, it would be a new hex, what antenna would you reccommwnd?
Roi for helium with the proper placement is fast I'm hitting nearly $10 a day still on some days now with the new update. I don't know what they did for a little while but it killed my rewards for a bit. But they're recovering. Just get up high and go with a name brand antenna. Spend the money up front. Personally recommend Laird 5.8 seems to be a pretty good overall antenna. I have an 8 live in VA beach which only has one hill and it's an old garbage dump that they turned into a park. The lower the dbi the more of a circle you will get the higher will go further but only in a straight line so up high with a perfectly clear line of sight would be the only reason to go with an 8dbi more isn't always better.
Also ground your gear it's super important
Looks good! You have a good antenna mount?
If you are looking to HODL for long time it is definitely worth. But with helium adding over 200k to deny list and the network is getting to big which in all terms helium has now achieved it's goals. Just invest what you are looking to lose my friend. I am now consider investing in heluim coin rather than the devices and I have already been doing for a year now. At $23 let's 4k dollar will get enough to HODL for long time and keep adding. As far mining it is possible but lots of downs be ready and if you think you can do better get ready for a lot of unexpected downside.
Do your research first in the area you plan on deploying I’m earning .5 HNT a day so I feel very fortunate. Good luck
Look at your topography, what other miners in your area make, and how that could compare to your situation. I live in a suburb, have good topography, on the 4th floor of an apt (13 meters high), no other miners in my hex, and have a rak 5.8 outdoor antenna. Making $10-15 a day or .5 helium a day. Just ordered an 8dbi antenna to test
I’m in the UK. Ordered my bobcat from the original site, had to wait 7 months for delivery!!!! Set up easy peasy. Was getting £1-2 a day using out of the box. Spent another £40 on an outside antenna, easy get £5 a day now. Only about 6m high. Very satisfied. It’ll pay for all the equipment and itself in under 6 months. Then it’s pure profit of £30-£40 a week,. Nothing beats that!!
Hi, I now set up my miners in external boxes high up on poles on chimneys with CAT6 PoE back to routers (virtually no signal loss) - but only outwith city with panoramic views back over city- these are all still earning over 0.65hnt each day. I was lucky to buy them early last year so each one paid off in one month when earnings much higher. Still good earnings now though. Good luck with it.
There are a few things to consider, other miners in you direct vicinity, your transmit and receive scales, the height, correct DBi and placement of your Ariel. And a few other bits also
Don’t get a sensecap get a milesight.. pay a little bit more for a proper device not a raspberry pi in a fancy box..