FREE Crypto Mining Hotspot

in #cryptocurrency3 years ago (edited)

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Helium (HNT) is building the world's first peer-to-peer wireless Internet of Things (IoT) network. What does that mean? As an investor, how will you benefit from this?

Everyone is talking about the Internet of Things, and more and more machines around the world are communicating.  Global revenue for the Internet of Things industry was $110 billion in 2017. This figure is projected to rise to $1.6 trillion by 2025. Almost all IoT devices need to be continuously connected to the Internet. Despite this, current solutions (such as cellular communication, WiFi and Bluetooth) are not ideal. 5G networks also face many challenges. This is because these technologies are often too expensive, too energy-consuming, or too limited in scope. This is exactly the problem that the helium cryptocurrency project aims to solve. Helium is a decentralized blockchain network that connects IoT devices.

 

The Helium Hotspot

With the Helium network, a new wireless economy has been created that completely disrupts traditional telecommunications and cryptocurrency markets.

With a balance model based on destroyed (burnt) and created tokens, the Helium network uses two exchange units: the HNT and Data Credits (indexed to the dollar, $1 = 10,000 DC).

 

What are the use cases of the Helium Hotspot?

Hundreds of companies and thousands of developers are already building and developing on the Helium network. A LoRaWAN type network (the largest network in the world) and it is also the one that is growing the fastest.

It is simple for thousands of existing devices, and gateways can be configured to run the LongFi protocol - a powerful mix of LoRaWAN and blockchain technology.kchain technology.

Helium network is unique in the world of cryptocurrency because it is based on concrete uses in real life, which makes it unique.

 

 

A New Type of Cryptocurrency

It is possible to extract HNT by installing a simple box (called a hotspot) on your office window, apartment, or home. That's all. Seriously?

Hotspots can provide miles of wireless network coverage for millions of devices around you using the Helium hotspot miners. You are then rewarded in HNT thanks to an innovative proof-of-work model (which we call “Proof-of-Coverage”, PoC) to extend network coverage. Note that a Hotspot consumes only 15W of electricity on average.

 

Hotspots and rewards in HNT

As you can see, there are many Hotspots miners already deployed around the world. Currently, there are more than 150,000 boxes awaiting manufacturing and delivery!

Hotspots miners try to link up with their respective neighbors and transfer data in order to participate in network exchanges. As you can see, the more connections you have, the more HNT you earn. You can check this by clicking on a Hotspot and thus observe the mining rewards (HNT) obtained by day, month and year.

 

How to earn HNT?

Participants earn HNTs by mining and building network coverage (Proof of Coverage or POC) and using FREE Crypto Mining Hotspot every miner they give away they get up to 35% of what the miner earns.

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