Connecting a Helium hotspot miner in your home is a simple way to get involved in blockchain technology. You’ll begin passively earning small amounts of cryptocurrency, though a miner is really a long-term investment. Not only will you be contributing to the appreciation of the network, but you’ll also be contributing to the very process that will make your HNT more valuable over time. In today’s blog, we will cover:
- What constitutes a Helium hotspot miner
- How you can acquire a miner
- The advantages of joining the Emrit community
- The potential profit margins of getting in on Helium now
If you are new to the Helium network or the world of blockchain, be sure to check out our blogs on those topics. Whether you’re looking for a general introduction to blockchain, its history, or Helium specifically, we’ve got you covered.
The Helium Hotspot: The Basics
A Helium hotspot is a simple device that sends out a radio-powered signal and thereby provides Helium LongFi wireless coverage. The security of the network’s coverage is guaranteed by the blockchain technology underlying the network.
Individual Helium hotspots are randomly assigned “proof of coverage” tasks, which guarantees an impenetrable network and allows hotspots to earn HNT tokens. The hotspots can also earn tokens by transferring device data on the IoT network. To transmit device data, hotspots use anonymous blockchain processes.
Proof of coverage hotspots require very little energy, thanks, in part, to its foundation in radio technology. By eliminating wasteful GPUs, Helium is more energy-efficient than any centralized network. Connecting a Helium hotspot into your power is like plugging in a 5W light bulb. That’s very little energy: a standard light bulb operates at around 50W.
The best part: The Hotspot quietly sits on a windowsill and won’t ever bother you, while providing wireless network coverage. With Helium, mining and building coverage go hand in hand. That\’s how local hotspots around the world can challenge leading wireless technology from centralized carriers.
Acquiring a Miner
Since the approval of HIP19, the Helium Improvement Proposal 19, a hotspot can be any device that has received community approval from the Helium alliance. That means a whole range of third-party products is available to new miners.
Indeed, there are currently 20 approved third-party hotspot devices available to anyone who wants to join the Helium boom, and more on the way. Those devices vary in cost and exact make, but if approved by the Helium community, their compatibility with the network is certified. Hotspot owners can begin earning HNT immediately.
The real barrier of entry to the Helium network is the cost of these devices. Though some are cheaper than others, they can cost $600USD or more a piece – and the payout from the Helium network is by no means immediate.
Though such an investment should more than add up in the long term, it nevertheless represents a significant barrier of entry for many consumers. That, in turn, presents the only real check on the development of the Helium network. Building “The People’s Network” requires people. In fact, it’s based entirely on the willingness and ability of people around the world to acquire and host hotspots.
The Emrit Model of Profit-Sharing and Distributed Infrastructure
That’s where Emrit comes in. As a distributed blockchain infrastructure company, Emrit subsidizes the cost of a hotspot, and in return splits the HNT profits with the individual host.
Emrit’s mission aligns directly with the long-term goals and opportunities of Helium itself! With a network like Helium, centralized, profiteering network coverage may soon be competitively challenged by a people-powered alternative, pressuring prices down as any blockchain project should. Emrit takes it one step further and makes participation in that new phase of infrastructure development accessible and profitable for regular people.
Emrit allows you to contribute to the development of one of the most exciting tech projects in recent memory, automatically start earning HNT (we believe to be a smart long-term financial investment), and pay little for the technology itself!
By signing up, you’ll receive one of our CoolSpots – Emrit’s version of a Helium hotspot that enables our profitsharing model and also uses diagnostics and telemetry tools to optimize earnings performance. Using the Emrit app, you can keep track of your CoolSpot’s progress and earnings and will be paid your share of the CoolSpot’s HNT rewards every month!
Subsidized hotspots providing validating wireless coverage, delivered straight to your door. What\’s not to love about that system?
Financial Futures of Helium
So why exactly should you care about Helium and HNT at this point in time? What’s the payoff? What if the project fails?
There are so many reasons to join the growing Helium community today – and the best reason might be that it doesn’t have to be a big investment. Joining Emritans around the globe means taking absolutely very little risk for a high possibility of reward.
Just look at how far HNT has come this year. Starting the year out steady at a market value of around $1.38, the new cryptocurrency reached a price of over $50 in November and is heading into the last weeks of the year solidly around $30. That’s an almost 3000% increase in value in one year, with potential for massive growth in the years to come.
And the Helium Network is only growing larger and more conveniently usable. It has already become the network of choice for multiple large companies and organizations. Helium is being used as we speak to transmit air quality and smart home security data, for instance. Thanks to its low-energy, low-cost, people-driven approach, it’s making inroads in a market long dominated by centralized cell carriers. The wireless revolution is only beginning
If that approach sounds promising to you, you can become one of the thousands of people who’ve chosen to make long-term investments in the Helium network (and its currency). And if you join Emrit, you can make those investments at practically no cost to you whatsoever.
Summary: Your Next Tech Investment
Investing in a Helium Hotspot Miner can be expensive – but it doesn’t have to be. Emrit’s profit-sharing model of subsidized infrastructure distribution allows you to become part of the Helium community at little cost to yourself. That opportunity can set you up with a slowly accumulating balance of HNT that will only appreciate in value as the network continues growing. In today’s blog, we:
- Introduced the Helium Hotspot Miner
- Explained HIP19 and the many third party products available to you
- Explained the Advantages of Emrit’s profit-sharing model
- Discussed the Future Growth Potential of HNT and the Helium Network
If you are interested in joining Emrit, head to our homepage, and join for free today! There’s a new digital world to build – Web3 – and we want you to be a part of it!
