In today’s Coin Breakthrough episode, I will talk about my experience with two Helium Hotspots and, probably the most important, my earnings in the last two weeks.
In crowded big cities, a Helium hotspot can earn a pretty decent income. However, in isolation or in an area where not many people using hotspots, your earnings will be significantly less.
My earnings with Helium Hotspots
So I worked with two Helium hotspot miners, earning just a little over a $1,000 in just 2 weeks. I could probably earn more if I adjust the hotspots or move them a little closer. But I can’t complain; I haven’t done anything to earn this money besides turning them on and setting them up on the app.
As you can see, I have earned 106 Helium Coins, which at the current exchange rate is $1,282.65. I have used two RAK hotspot miners, which I would currently not recommend, but I would recommend the BOBCAT Helium miners instead. So how much can you earn with one hotspot? If you live in an area where your hotspot is around others, you can make around $640 per week. If there are no other hotspots around, you’ll want to order two and find a second location.
How far should I place my Helium Hotspots?
I didn’t follow the recommended 300m distance directly, so I went a little over a mile. Interestingly the hotspots had no problem connecting. The proof of coverage concept allows you to earn more with more devices connected to the network, not too close but close enough so they can connect.
What are the validator nodes?
If you visit Helium’s website, you can click on the button which says “stake”, and the site will introduce you to validators. The Helium website says:
Hosting a validator node requires a stake or deposit of 10,000 HNT and running a validator node in a suitable environment. In return for staking, users will contribute to network stability and earn rewards.
Drop a comment if you are using this time to start crypto mining Helium or have any questions. Click here if you would like to learn more about Helium Hotspots.
*This article includes sponsored content