[{"@context":"https:\/\/schema.org\/","@type":"Article","@id":"https:\/\/moneydoneright.com\/passive-income\/cryptocurrency-investing\/helium-hotspot-review\/#Article","mainEntityOfPage":"https:\/\/moneydoneright.com\/passive-income\/cryptocurrency-investing\/helium-hotspot-review\/","headline":"Helium Hotspot Review 2023: How I Easily Mine Crypto","name":"Helium Hotspot Review 2023: How I Easily Mine Crypto","description":"Helium Hotspot Basics: Helium is a company that has built a decentralized peer-to-peer wireless...","datePublished":"2021-06-09","dateModified":"2023-04-21","author":{"@type":"Person","@id":"https:\/\/moneydoneright.com\/author\/logan-allec\/#Person","name":"Logan Allec, CPA","url":"https:\/\/moneydoneright.com\/author\/logan-allec\/","identifier":4,"image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/6e74dd0453a5871d1dcfde6d40d9494765ca8bfdb01927cefee4564d4bee9075?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/6e74dd0453a5871d1dcfde6d40d9494765ca8bfdb01927cefee4564d4bee9075?s=96&d=mm&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Money Done Right","logo":{"@type":"ImageObject","@id":"https:\/\/moneydoneright.com\/wp-content\/uploads\/Money-Done-Right-Personal-Finance-and-Investing-Blog.png","url":"https:\/\/moneydoneright.com\/wp-content\/uploads\/Money-Done-Right-Personal-Finance-and-Investing-Blog.png","width":488,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/moneydoneright.com\/wp-content\/uploads\/helium-hotspot-review.jpg","url":"https:\/\/moneydoneright.com\/wp-content\/uploads\/helium-hotspot-review.jpg","height":460,"width":1900},"url":"https:\/\/moneydoneright.com\/passive-income\/cryptocurrency-investing\/helium-hotspot-review\/","video":[{"@context":"http:\/\/schema.org\/","@type":"VideoObject","@id":"https:\/\/www.youtube.com\/watch?v=OwuwJutkmtc#VideoObject","contentUrl":"https:\/\/www.youtube.com\/watch?v=OwuwJutkmtc","name":"Helium Crypto: Talking Helium Mining With the Helium V.P. of Biz Dev \ud83d\udd25","description":"In this video, Logan interviews Mark Phillips, the VP of Business Development at Helium Systems. If you've seen Logan's video from a couple weeks ago, you know that he recently starting mining cryptocurrency through Helium. So in this video, Logan asks Mark what Helium is, how it works and asks Mark some questions that audience members were curious about!\n\nSetting Up My Helium Hotspot Miner (Super Easy):\n\u27a1\ufe0f My Helium Hotspot Setup Video: https:\/\/youtu.be\/69Yz9sqbJZk\n\nWhere To Buy Helium Hotspot Miners:\n\u27a1\ufe0f Cal-Chip Rak Hotspot Miner (use coupon code LOGANALLEC for 3% off!): http:\/\/go.moneydoneright.com\/rak-hotspot-miner\n\u27a1\ufe0f Nebra HNT Hotspot Miners: http:\/\/go.moneydoneright.com\/nebra\n\nMore Information About Helium:\n\u27a1\ufe0f Helium's Website: https:\/\/www.helium.com\/\n\u27a1\ufe0f Helium's Discord: https:\/\/discord.gg\/helium\n\nCool Stuff:\n\ud83d\ude97 Free Auto Insurance Quotes: http:\/\/go.moneydoneright.com\/gabi\n\ud83c\udfe1 Free Mortgage Refi Rates: https:\/\/moneydoneright.com\/credit-karma-home-mortgage\/\n\u26b0\ufe0f Free Life Insurance Quotes: https:\/\/moneydoneright.com\/quotacy-life\/\n\ud83d\udcb5 Free Personal Loan Quotes: https:\/\/moneydoneright.com\/fiona\n\ud83d\udcbb Get Cash Back on Online Shopping: https:\/\/moneydoneright.com\/rakuten\/\n\ud83d\uded2 Get Cash Back on Groceries: https:\/\/moneydoneright.com\/ibotta\n\nVideos:\n\ud83d\udcb5 I Started Mining Cryptocurrency: https:\/\/youtu.be\/69Yz9sqbJZk\n\u26fd Easy Way to Save Money on Gas: https:\/\/youtu.be\/Uw9Wb-tIl1A\n\ud83d\udcc8 11 Places to Get Free Stocks: https:\/\/youtu.be\/g2PNE74eyks\n\ud83d\udcb3 Best Credit Cards For 2021: https:\/\/youtu.be\/3EYNsjjVOTw\n\ud83d\ude80 Review of My Favorite Stock Broker: https:\/\/youtu.be\/XNMhp9xeNq8\n\ud83d\udcb0 Free Millionaire Math Webinar: https:\/\/loganallec.com\/\n\ud83d\udc6a Our Family Vlog: https:\/\/youtube.com\/TheAllecFamily\n\nPrograms (Use Coupon Code YOUTUBE for 50% Off!):\n\ud83c\udf93 Prosper: https:\/\/www.loganeducation.com\/offers\/FUmjEuPB\/checkout\n\n\ud83d\udcd6 Table of Contents:\n0:00 Introduction to Mark Phillips of Helium\n0:35 What Is Helium?\n2:11 How Mark Became Involved With Helium\n3:00 How Does Helium Make Money?\n4:21 Helium vs. Amazon Sidewalk\n6:13 Helium Use Cases and Partnerships\n9:05 Why Should Someone Mine Helium (HNT)?\n10:43 Helium Cryptocurrency Prices and Speculation\n14:40 Helium Antenna: Can You Maximize Helium Rewards?\n21:18 Helium Coverage Map and Number of Hotspots\n23:21 Massive Helium Network Growth\n25:58 Helium Hotspot Makers\n26:44 Helium Mining Energy Use\n29:13 Helium Use Case With Maritime AIS Equipment\n30:52 Helium Discord Community\n\n#helium #HNT #cryptocurrency","thumbnailUrl":["https:\/\/i.ytimg.com\/vi\/OwuwJutkmtc\/default.jpg","https:\/\/i.ytimg.com\/vi\/OwuwJutkmtc\/mqdefault.jpg","https:\/\/i.ytimg.com\/vi\/OwuwJutkmtc\/hqdefault.jpg","https:\/\/i.ytimg.com\/vi\/OwuwJutkmtc\/sddefault.jpg","https:\/\/i.ytimg.com\/vi\/OwuwJutkmtc\/maxresdefault.jpg"],"uploadDate":"2021-04-07T16:33:29+00:00","duration":"PT32M56S","embedUrl":"https:\/\/www.youtube.com\/embed\/OwuwJutkmtc","publisher":{"@type":"Organization","@id":"https:\/\/www.youtube.com\/channel\/UCQ9WUXlSuLlbi5BLkgtEUEA#Organization","url":"https:\/\/www.youtube.com\/channel\/UCQ9WUXlSuLlbi5BLkgtEUEA","name":"Logan Allec","description":"Logan Allec is a CPA and the founder of Choice Tax Relief, which specializes in helping people with their IRS and state tax debt.","logo":{"url":"https:\/\/yt3.ggpht.com\/43_VKqrbO06RGMcxfdQbDXosrkVRq1yf5QgSQEiR4ILUGWV9fJtTh0o2ftYMYqVo6PwnEOPRdg=s800-c-k-c0x00ffffff-no-rj","width":800,"height":800,"@type":"ImageObject","@id":"https:\/\/www.youtube.com\/watch?v=OwuwJutkmtc#VideoObject_publisher_logo_ImageObject"}},"potentialAction":{"@type":"SeekToAction","@id":"https:\/\/www.youtube.com\/watch?v=OwuwJutkmtc#VideoObject_potentialAction","target":"https:\/\/www.youtube.com\/watch?v=OwuwJutkmtc&t={seek_to_second_number}","startOffset-input":"required name=seek_to_second_number"},"interactionStatistic":[[{"@type":"InteractionCounter","@id":"https:\/\/www.youtube.com\/watch?v=OwuwJutkmtc#VideoObject_interactionStatistic_WatchAction","interactionType":{"@type":"WatchAction"},"userInteractionCount":3650}],{"@type":"InteractionCounter","@id":"https:\/\/www.youtube.com\/watch?v=OwuwJutkmtc#VideoObject_interactionStatistic_LikeAction","interactionType":{"@type":"LikeAction"},"userInteractionCount":170}]},{"@context":"http:\/\/schema.org\/","@type":"VideoObject","@id":"https:\/\/www.youtube.com\/watch?v=69Yz9sqbJZk#VideoObject","contentUrl":"https:\/\/www.youtube.com\/watch?v=69Yz9sqbJZk","name":"I'm Mining Helium! Full Breakdown, Hotspot Setup, and How Much I'm Making!","description":"I've started mining Helium cryptocurrency (HNT)!  In this video (which also serves as a Helium Hotspot Review), I tell you what device I used to start mining cryptocurrency, what Helium and The People's Network are, some economics of the Helium coin (HNT), how to set up a Helium Hotspot miner, how my hotspot earns Helium rewards, how much Helium I am mining on a daily basis, and more!\n\nHelium Hotspot Miners:\n\u27a1\ufe0f Cal-Chip Rak Hotspot Miner (use coupon code LOGANALLEC for 3% off!): http:\/\/go.moneydoneright.com\/rak-hotspot-miner\n\u27a1\ufe0f Nebra HNT Hotspot Miners: https:\/\/moneydoneright.com\/nebra\/\n\nHelium:\n\u27a1\ufe0f Helium's Website: https:\/\/www.helium.com\/\n\nCool Stuff:\n\ud83c\udfe1 Free Mortgage Refi Rates: https:\/\/moneydoneright.com\/credit-karma-home-mortgage\/\n\u26b0\ufe0f Free Life Insurance Quotes: https:\/\/moneydoneright.com\/quotacy-life\/\n\ud83d\udcb5 Free Personal Loan Quotes: https:\/\/moneydoneright.com\/fiona\n\ud83d\udcbb Get Cash Back on Online Shopping: https:\/\/moneydoneright.com\/rakuten\/\n\ud83d\uded2 Get Cash Back on Groceries: https:\/\/moneydoneright.com\/ibotta\n\nVideos:\n\u26fd Easy Way to Save Money on Gas: https:\/\/youtu.be\/Uw9Wb-tIl1A\n\ud83d\udcc8 11 Places to Get Free Stocks: https:\/\/youtu.be\/g2PNE74eyks\n\ud83d\udcb3 Best Credit Cards For 2021: https:\/\/youtu.be\/3EYNsjjVOTw\n\ud83d\udce6 7 Ways to Get Free Stuff: https:\/\/youtu.be\/o7CaiOPMhhA\n\ud83d\ude80 Review of My Favorite Stock Broker: https:\/\/youtu.be\/XNMhp9xeNq8\n\ud83d\udcb0 Free Millionaire Math Webinar: https:\/\/loganallec.com\/\n\ud83d\udc6a Our Family Vlog: https:\/\/youtube.com\/TheAllecFamily\n\nPrograms (Use Coupon Code YOUTUBE for 50% Off!):\n\ud83c\udf93 Prosper: https:\/\/www.loganeducation.com\/offers\/FUmjEuPB\/checkout\n\nTable of Contents:\n0:00 I Started Mining Cryptocurrency!\n0:59 What Is Helium and The People's Network?\n4:05 Two Sides to the Helium Network\n4:34 Helium Coin (HNT) Economics\n5:43 Helium Hotspot Miner Setup\n6:33 Helium Hotspot App\n7:08 Helium Hotspot Placement\n9:16 Helium Hotspot Configuration\n10:21 Helium Hotspot Troubleshooting on Discord\n11:01 Helium Hotspot Syncing to Helium Blockchain\n11:19 How Much Helium Coin (HNT) I'm Mining\n12:00 Earning Helium Mining Rewards Through Proof of Coverage Challenges\n14:10 Earning Helium Mining Rewards Through the Consensus Group\n14:33 How Much Is Helium Coin (HNT) Worth?\n\nAdvertiser Disclosure:\nThis video may contain links through which we are compensated when you click on or are approved for offers. The information in this video was not provided by any of the companies mentioned, and has not been reviewed, approved, or otherwise endorsed by any of these entities.  Helium provided me with a Helium Hotspot for purposes of this review video, but this did not influence my opinion of the Helium project or the Helium Hotspot.  Opinions expressed in this video are my own.\n\n#crypto #cryptocurrency #cryptominingathome","thumbnailUrl":["https:\/\/i.ytimg.com\/vi\/69Yz9sqbJZk\/default.jpg","https:\/\/i.ytimg.com\/vi\/69Yz9sqbJZk\/mqdefault.jpg","https:\/\/i.ytimg.com\/vi\/69Yz9sqbJZk\/hqdefault.jpg","https:\/\/i.ytimg.com\/vi\/69Yz9sqbJZk\/sddefault.jpg","https:\/\/i.ytimg.com\/vi\/69Yz9sqbJZk\/maxresdefault.jpg"],"uploadDate":"2021-03-29T16:14:30+00:00","duration":"PT17M25S","embedUrl":"https:\/\/www.youtube.com\/embed\/69Yz9sqbJZk","publisher":{"@type":"Organization","@id":"https:\/\/www.youtube.com\/channel\/UCQ9WUXlSuLlbi5BLkgtEUEA#Organization","url":"https:\/\/www.youtube.com\/channel\/UCQ9WUXlSuLlbi5BLkgtEUEA","name":"Logan Allec","description":"Logan Allec is a CPA and the founder of Choice Tax Relief, which specializes in helping people with their IRS and state tax debt.","logo":{"url":"https:\/\/yt3.ggpht.com\/43_VKqrbO06RGMcxfdQbDXosrkVRq1yf5QgSQEiR4ILUGWV9fJtTh0o2ftYMYqVo6PwnEOPRdg=s800-c-k-c0x00ffffff-no-rj","width":800,"height":800,"@type":"ImageObject","@id":"https:\/\/www.youtube.com\/watch?v=69Yz9sqbJZk#VideoObject_publisher_logo_ImageObject"}},"potentialAction":{"@type":"SeekToAction","@id":"https:\/\/www.youtube.com\/watch?v=69Yz9sqbJZk#VideoObject_potentialAction","target":"https:\/\/www.youtube.com\/watch?v=69Yz9sqbJZk&t={seek_to_second_number}","startOffset-input":"required name=seek_to_second_number"},"interactionStatistic":[[{"@type":"InteractionCounter","@id":"https:\/\/www.youtube.com\/watch?v=69Yz9sqbJZk#VideoObject_interactionStatistic_WatchAction","interactionType":{"@type":"WatchAction"},"userInteractionCount":12295}],{"@type":"InteractionCounter","@id":"https:\/\/www.youtube.com\/watch?v=69Yz9sqbJZk#VideoObject_interactionStatistic_LikeAction","interactionType":{"@type":"LikeAction"},"userInteractionCount":412}]}],"commentCount":"4","comment":[{"@type":"Comment","@id":"https:\/\/moneydoneright.com\/passive-income\/cryptocurrency-investing\/helium-hotspot-review\/#Comment1","dateCreated":"2023-10-19 15:48:46","description":"it's a ponzi scheme","author":{"@type":"Person","name":"maya","url":""}},{"@type":"Comment","@id":"https:\/\/moneydoneright.com\/passive-income\/cryptocurrency-investing\/helium-hotspot-review\/#Comment2","dateCreated":"2022-04-26 06:08:15","description":"Hello . Thank you for your good article.\r\nPlease advise. Can this problem be solved with a stronger antenna if the installation location is not suitable?","author":{"@type":"Person","name":"facearz","url":"https:\/\/facearz.com\/---\/"}},{"@type":"Comment","@id":"https:\/\/moneydoneright.com\/passive-income\/cryptocurrency-investing\/helium-hotspot-review\/#Comment3","dateCreated":"2021-11-08 07:47:56","description":"https:\/\/www.bobcatminer.com\r\nAnd right now HNT (Helium) is at $42.70 so. \r\n<not financial advice>","author":{"@type":"Person","name":"Scott","url":""}},{"@type":"Comment","@id":"https:\/\/moneydoneright.com\/passive-income\/cryptocurrency-investing\/helium-hotspot-review\/#Comment4","dateCreated":"2021-08-27 09:32:22","description":"I am very interested in HELIUM. You didn't tell me how to buy it. Where to look for it.\r\nIs it Best Buy? Also, who can I hire to install it? \r\nI liked your piece. It was well written and I liked how you made it easy to traverse your site.\r\nFred","author":{"@type":"Person","name":"Fred Lyle","url":"http:\/\/fredlyle.com"}}],"about":["Cryptocurrency"],"wordCount":3369,"keywords":["youtube","schema"],"articleBody":"\t    \t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tHelium Hotspot\t\t\t\tBasics: Helium is a company that has built a decentralized peer-to-peer wireless network that connects enabled devices through a series of hotspots, and hotspot hosts can earn the Helium cryptocurrency for being part of the network.Pros: The Helium network is growing, and the price of its cryptocurrency is on a general upward trend. Because it\u2019s a peer-to-peer network, anyone who gets a Helium hotspot has a potential to earn Helium crypto.Cons: Because the Helium network is so popular and production of Helium hotspots has slowed, it can take months to receive a hotspot after purchasing it. Also, if there are not a lot of hotspots in your area, earnings will not be as high.\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tLegitimacy\t\t\t\t\t\t\t\t\t\t10\/10\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t \t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tPotential Earnings\t\t\t\t\t\t\t\t\t\t6\/10\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t \t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tTime Required\t\t\t\t\t\t\t\t\t\t10\/10\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t \t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tFees\t\t\t\t\t\t\t\t\t\t5\/10\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t \t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tEase of Use\t\t\t\t\t\t\t\t\t\t9\/10\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t \t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tAvailability\t\t\t\t\t\t\t\t\t\t4\/10\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t \t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tOur Review Methodology        We may receive a commission if you sign up or purchase through links on this page.  Here's more information.    I did a thing: I\u2019m mining Helium cryptocurrency, known as HNT, using a hotspot that has become part of The People\u2019s Network. In this Helium hotspot review, we are going to cover a wide range of topics, including what is Helium, how mining HNT works, and what everyone wants to know: Is mining Helium crypto worth it?I also had the opportunity to interview Mark Phillips, the vice president of Business Development at Helium Systems, so I will share my firsthand experience with a Helium hotspot and some fascinating insights from my conversation with Phillips.Table of ContentsToggleHelium: The People\u2019s NetworkHow Does Mining Helium Work?Helium Hotspot FeaturesHelium and the People\u2019s HotspotsHow to Set Up Your Helium HotspotDigging into the Details About Mining HNTHow Much Can You Earn Mining Helium Crypto?How Much is Helium Worth?Is Mining Helium Crypto Worth It?How to Convert HNT into U.S. DollarsHelium Hotspot Pros and ConsHelium Hotspot Review: Is This Device Worth It?Helium Hotspot Frequently Asked QuestionsHelium: The People\u2019s NetworkBefore we dive into the hotspot and how I am mining crypto, let\u2019s look at Helium the company and its mission: To make a better world.In a whitepaper, the Helium network was described as \u201ca decentralized wireless network that enables devices anywhere in the world to wirelessly connect to the Internet and geolocate themselves without the need for power-hungry satellite location hardware or expensive cellular plans.\u201dHelium is connecting all sorts of devices that transmit GPS, water, and environmental data over a network it calls The People\u2019s Network. Instead of spending tens of billions of dollars to build and maintain a wireless infrastructure, Helium Systems connects these devices via radio waves (which makes mining Helium an attractive proposition, but more on that later).The Tech Side of The People\u2019s NetworkBecause Helium focuses on connecting small devices, it avoids expensive infrastructure investments related to traditional cellular networks, and the devices do not need SIM cards.Instead of WiFi, Helium uses the LoRaWAN protocol, which allows them to communicate over much larger distances. But, it comes with its own limitations: You can\u2019t communicate as much data via radio waves as you can with a Wi-Fi network.That\u2019s not a problem, because Helium offers wide coverage for small packets of data, like GPS trackers or motion sensors or air quality monitors — things that make for a better word.Helium\u2019s not designed to be your network of choice to download movies. Where it shines is tracking low volumes of data over large distances. And you can actually buy a variety of sensors that are ready to work with the Helium network. They have sound detectors, smoke and heat detectors, soil moisture monitors, body temperature sensors, motion detectors, you name it.“Something fundamentally different”Instead of these massive wireless cellular towers, Helium is building The People\u2019s Network with regular folks like you and me. When hotspot owners connect to the network, they become part of this growing Helium community in the United States, Europe, and China.The People\u2019s Network doesn\u2019t feature massive towers because, \u201cWe are building something fundamentally different,\u201d Phillips told me.What they are building is a community to help transmit data for small devices, and anyone can be a part of it. \u201cAnd, that\u2019s fundamentally different than what anyone has ever done for wireless networks,\u201d he added.And, that\u2019s good for anyone who is interested in mining Helium Network Tokens (HNT).Related: How to Get Free Cryptocurrency Without MiningHow Does Mining Helium Work?This is a Helium hotspot review, but I wanted to share some Helium background and history before getting into the hardware associated with mining HNT. To become part of The People\u2019s Network, you need an indoor or outdoor hotspot that connects with other hotspots in the Helium universe.Hotspot hots provide the connectivity and transfer method needed by enterprises and developers for their Internet of Things applications. In order for companies to transmit their data, they need Data Credits. In order to receive those Data Credits, companies need to burn HNT tokens. Those with hotspots receive a portion of those Helium tokens based on how much they contribute to the network.What Are Helium Data Credits?You can think of Data Credits like mobile minutes someone might purchase for a prepaid phone plan. In order to pay for the transmission of sensor and device data, enterprises and developers need to use Data Credits.These credits can only be produced by converting, or \u201cburning,\u201d HNT. Operators can only redeem Data Credits for network utilization, they can\u2019t be traded with anyone else. They serve as the currency for transaction fees on the Helium network.There are 5 million HNT being minted every month right now, and that number will automatically be cut in half every two years starting on August 1st of 2021. Even though you have to burn HNT to create Data Credits, the supply of HNT doesn\u2019t have anything to do with how many Data Credits are being used.What are Helium Tokens?The Helium Token (symbol: HNT) serves as the native cryptocurrency and protocol token of the Helium blockchain. Hotspot hosts and network operators mine HNT when they become part of The People\u2019s Network while providing and maintaining network coverage.Enterprises and developers burn HNT in return for Data Credits that pay for their network usage. They can either purchase Data Credits with a credit card or burn HNT they mined.My Interview With Helium Vice President Mark PhillipsAfter I got my Helium Hotspot up and running, I had a chance to virtually interview Mark Phillips, Helium’s Vice President of Business Development, about all things Helium.You can watch this interview below.Helium Hotspot Features.simple_table-41182 table tr th{\ttext-align: center;\t\t}.simple_table-41182 table tr td{\ttext-align: center;\t\t}helium hotspot featuresFunctionalityHotspots transmit small packets of data from devices via LoRaWANPurposeSend data from Internet of Things devicesPrice$400+ rangeAvailabilityHigh demand and supply issues has created a delay in shipping hotspotsBenefitsHotspot hosts\/owners can earn Helium cryptocurrencyRequirementsPower and an internet connectionHelium and the People\u2019s HotspotsHelium relies on people connecting to the network to provide coverage for sensors and meters. The network has seen tremendous growth. About 1,000 hotspots are added every few days, Phillips said. There were more than 28,000 hotspots deployed on April 23, and it would have been more but for a shortage of oscillators needed to construct these devices.How to Get a Helium HotspotAs of this writing, there are two major manufacturers of Helium hotspots: RAK and Nebra.\u00a0 Nebra offers indoor and outdoor models. RAK offers an outdoor enclosure for its model.If you try to purchase a hotspot you will have to wait. There are delays of up to three months between when you place your order and when you receive your hotspot.If you can delay gratification, you might want to invest in a Helium hotspot today and eagerly await its arrival.How Much is a Helium Hotspot?With the demand for Helium hotspots and the backlog for manufacturing, there could be some movement in the price. But here are some recent prices for Helium hotspots that work in the U.S..simple_table-41183 table tr th{\ttext-align: center;\t\t}.simple_table-41183 table tr td{\ttext-align: center;\t\t}ModelPriceRAK Hotspot Miner v2$409.99Nebra HNT Outdoor Hotspot Miner\u00a3420.00Nebra HNT Indoor Hotspot Miner\u00a3300.00How to Set Up Your Helium HotspotIt was a good day when my Helium hotspot finally arrived. It was easier to set up than a wireless router. Inside the box I discovered a little setup booklet, the hotspot itself, which is rather compact, measuring six inches by six inches,a cool Helium sticker, a stock antenna, and the power cable.Here are the super-simple set-up steps:Attach the antenna to the side of the hotspot.Attach the power cable, but don\u2019t power it up right now.Download the Helium Hotspot App (Android; iOS).Open the app on your phone, create an account, and generate your 12 words (if you have a cryptocurrency wallet you are probably familiar with this concept; they are basically your twelve seed words; think of them like a password for signing into your wallet, and be sure to store those words in a safe place).Choose a PIN for your Helium Hotspot AppSelect \u201cSet up Hotspot\u201d in the app and choose your hotspot model.Find a place to keep your hotspot (the app provided a number of tips about where it should be; be sure to read them).Acknowledge that you’ve read the guide.Acknowledge that you understand that Helium would never have access to your private keys and will use secure methods to determine any issues with your hotspot.Enable location permission in the Helium Hotspot App.Push the power button your hotspot to power it up — its light should turn blue.Let the app know you’ve powered up your hotspot.Have the app scan for your hotspot (you will be prompted to do so).Connect the hotspot to your WiFi.Select the location of your hotspot by giving the app permission to use your phone’s location.Adjust the map to better pinpoint the location of your hotspot.Watch Me Set Up My Helium HotspotIn the video below, I show you step-by-step how I set up my Helium Hotspot!Helium Hotspot GlitchesWhen I plugged in the power cord, the hotspot initially flashed orange, which was unexpected. I pressed the button on the side of the hotspot, then the light was green just like the app said it would be.When I clicked \u201cRegister Hotspot\u201d in the app, it took me to a screen indicating it was \u201cRegistering Hotspot,\u201d but I was stuck there for a while — over an hour. It seemed odd to me, so I headed over to the Helium Discord and asked the question, \u201cI set up my hotspot next to a second-story window and the app has been saying \u2018Registering Hotspot\u2019 with the spinning circles for almost an hour now.\u00a0 Is this normal?\u201d\u00a0 Someone responded almost immediately, \u201cNo, it\u2019s not. Try power cycle.\u00a0 Also try ethernet for connection.\u201d\u00a0 So I unplugged the hotspot and plugged it back in, and that did the trick, my hotspot was now online.If you run into issues, jump onto the Helium Discord where you can search to see if anyone else had a similar experience or ask a question. The search function is your friend.Helium Hotspots Do\u2019s and Don\u2019tsTo ensure your Helium hotspot operates at the highest possible level, here some Dos and Don\u2019ts for indoor hotspots..simple_table-41185 table tr th{\ttext-align: center;\t\t}.simple_table-41185 table tr td{\ttext-align: center;\t\t}Hotspot DosHotspot Don'tsDo give the hotspot a nice view of the outdoors, a view with plenty of skyDon\u2019t hide the hotspot in a nightstand or on a bookcaseDo place your hotspot near a windowDon\u2019t place it by a window where there are other buildings close by that might decrease coverageDo locate your hotspot on the highest floor in your home or officeDon\u2019t put it near a window with a bug or wire mesh screen, which can block radio signals dramaticallyDo space it at least 300 meters from the nearest hotspotDon\u2019t lose your 12 seed words for the Helium hotspot appWhen Will the Helium Hotspot Start Mining Cryptocurrency?Just because I was powered up, registered, and connected to The People\u2019s Network, that didn\u2019t mean the hotspot started mining immediately. It still had to sync to the blockchain.Helium says to allow 24 to 48 hours to fully sync with the blockchain. It took my hotspot about 24 hours.Digging into the Details About Mining HNTYou received your hotspot, check! You located it, powered it up, registered it, and synced to the Helium blockchain, check! You are ready to start\u00a0 mining Helium crypto, so what happens next?How do you Acquire Helium Crypto Mining Rewards?Once you become part of The People\u2019s Network, you have the ability to earn HNT. How much you earn, or mine, depends upon how much your hotspot is used to transfer data and other factors. In a nutshell, here are three ways to mine HNT:.simple_table-41187 table tr th{\ttext-align: center;\t\t}.simple_table-41187 table tr td{\ttext-align: center;\t\t}Relay Device DataHotspots earn HNT for transferring data.Proof-of-CoverageHotspots are randomly assigned proof-of-coverage tests to ensure they are located where they say they are and operating properly.Consensus GroupsThey validate transactions and add blocks to the chain.Earn Helium Crypto Transferring DataWell, the first way to earn HNT is by simply transferring data from devices on the Helium network. Helium says that around one-third of the mining rewards are for transferring data, and how much you receive depends on how much data your Hotspot is responsible for.Earn Helium Crypto with Proof of Coverage ChallengesA second way to earn HNT is with proof-of-coverage challenges. The network will randomly choose a hotspot to issue a challenge to another hotspot. With this activity, the challenger hotspot is asking another to transmit proof of its network coverage. This challenge is then \u201cwitnessed\u201d by other nearby hotspots.Each hotspot involved in the challenge will earn a portion of the HNT allocated for a challenge.You\u2019re going to have more opportunities to get involved in these activities if you live in an urban area with lots of hotspots around, but at the same time you\u2019ll also be splitting those payouts with a greater number of hotspots.Earn Helium Crypto as Part of a Consensus GroupThe third way a hotspot can earn HNT rewards is when the network randomly chooses hotspots to join the consensus group for a set period of time.The consensus group is responsible for validating transactions and adding them to the blockchain, and they get substantial rewards for doing that.How Much Can You Earn Mining Helium Crypto?Right now, the answer for my situation is, \u201cSome.\u201d There are not a lot of Helium hotspots where I am. I might look into installing an antenna to improve my coverage and help me connect with other hotspots so I can be a \u201cwitness\u201d to other proof-of-coverage challenges.There have been a few days when I have not earned any HNT. However, it is generally somewhere around 0.1 HNT to 0.25 HNT. There have been a handful of days when I was in the 1.42-2.19 HNT range.How Much is Helium Worth?Mining HNT has become a nice little stream of set-it-and-forget-it passive income. As for how much I earn each day, it depends on the price of HNT on an exchange. When I first started mining HNT, it was $7.32, and I was earning between 70 cents and $2 a day.About a month later, HNT was listed on an exchange at $13.86. At that level, my earnings ranged from $1.50 to $30.35 a day.Recently, HNT was trading at more than $18.Because The People\u2019s Network is an open, transparent, decentralized network, you can check out my hotspot\u2019s activities and rewards online.You can also visit Helium\u2019s coverage page and see a map of all the Helium hotspots worldwide and how much Helium they\u2019re earning right now. You can also see how much Helium they\u2019ve earned historically. This can obviously give you an idea of how much HNT hotspots in your area are earning, so you can decide if it\u2019s worth it for you.Is Mining Helium Crypto Worth It?You could get one coin for less than a dollar as recently as December 2020, and the price has been on a pretty consistent upward trajectory since around late January.Now I can\u2019t tell you whether HNT is going to keep going up or not, I don\u2019t want to tell you how to invest your money. Personally, I think this is a really exciting project, but ultimately whether it takes off in the way the creators are envisioning is anyone\u2019s guess.However, as Phillips to me, there is strong demand for the hotspots. There are some people who just want to be part of something new, he said.As with any investment, you want to use money you can stand to lose. If you have an extra $400, then getting a Helium hotspot and connecting to The People\u2019s Network is something you might want to consider.How to Convert HNT into U.S. DollarsAs you earn HNT, at some point you will probably want to convert that into something tangible, like U.S. dollars. To do this, you will need to move your HNT into a cryptocurrency exchange service, like Binance, where you can trade it, or convert it, into dollars.Helium Hotspot Pros and ConsHelium Hotspot ProsHelium has been growing: There\u2019s an opportunity to be an early adopted and get involved in something and excitingGet started easily: Once you receive your Helium hotspot, it\u2019s easy to set up and start earning HNT crypto.Earn HNT effortlessly: After you connect your hotspot to the Helium network, there\u2019s the potential to earn a very passive form of income.Helium Hotspot ConsCan be a little pricey: The price of a hotspot is more than $400 with no guarantee you will recoup your investment.Shipping delays: Due to demand and supply chain issues, manufacturing and delivery of hotspot units have been delayed by months.Earnings not guaranteed: Your ability to earn Helium cryptocurrency will depend upon how many other hotspots are in your area.Helium Hotspot Review: Is This Device Worth It?This is a question only you can answer, because I don\u2019t know your risk tolerance. For me, the Helium hotspot is worth it. However, if you do not have the $400+ to invest and you don\u2019t want to wait a little bit to receive your hotspot, then you might want to pass on this one.I happen to think this is an exciting opportunity. Helium wants to do good things and is willing to allow people like us to mine some cryptocurrency for helping build and support The People\u2019s Network.\t\t\tThe Helium hotspot allows hosts to earn cryptocurrency by connecting to The People\u2019s Network, Helium\u2019s peer-to-peer wireless network. Hotspot hosts earn HNT crypto based on how much they contribute to the network, through proof-of-coverage challenges, and by witnessing proof-of-coverage challenges.4\/5 Rating\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tHelium Hotspot Frequently Asked Questions.accordion-list .accordion-title:hover{color: #4db848;}How do Helium hotspots work?Helium hotspots transfer small packets of data from sensors on enabled Internet of Things devices via a peer-to-peer wireless network. Hotspots use your existing internet connection to broadcast radio signals.What does the Helium Network do?The Helium Network, called The People\u2019s Network, is a peer-to-peer wireless network that enables companies to transmit data from their enabled devices. This data might let a company know when a recycling bin is nearly full, when a mouse has been caught in a trap, or what weather conditions are.Is the Helium hotspot safe?Helium devices are hardware secured and there is encryption at the chip level, according to the company.How much does a Helium hotspot cost?Recently, they have been selling for more than $400.How does a Helium hotspot make money?Hotspot hosts earn HNT crypto based on how much they contribute to the network, through proof-of-coverage challenges, and by witnessing proof-of-coverage challenges.What is LoRaWAN?It stands for Low Power, Wide Area Networks that can transmit small packets of data over large areas. 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