Helium Hotspot Mining: 7-Day Profit Analysis & Network Overview

[00:00:03][Music] hey guys so what is up red pen running here how you guys all doing i hope you all doing really well and having a really great day in this video you guys can see i have a helium hotspot and this is something i've been playing around with for the past seven days and i've just been recording the profits and whatnot and so you guys saw that i've mined roughly about 14 helium and that is worth about 217 dollars as of recording this video which is just insane for something that only takes about 10 watts okay 10 watts for this little hot spot here and i believe specifically this is called the original helium hotspot and i know there are actually a bunch of different versions out there and i'm hoping that i can receive those to do more reviews about helium and so i've been learning a lot about helium network and the algorithm which is uh proof of coverage which is really cool which i will explain later on in this video i'm going to go through a bunch of stuff regarding the helium miners and yeah we'll talk about that but first i just wanted to show you guys this little guy and it's it's pretty cool like i didn't have it running in my crypto mining garage here i've actually had it upstairs running on the window there close to the window so that it would have good coverage outside so yeah this thing it's it's been running really well i have had no issues and setting this up is is brainless like it's really easy like you just follow the little pamphlet that you get with it and also you have to download the helium app and so i'm not sure if helium is actually selling these anymore as i heard that they ran out so you might not be able to get this model specifically but there are new ones which i'll have linked down below you can go check those out if you want to order one a different kind of helium miner which i believe you know they have like raspberry pies and more memory and ram and better antennas and stuff so check that out down below so the biggest thing you guys are probably wondering and i am not able to show my exact profits and also the app itself was pretty i would say with docs where i live so i cannot show that location i cannot show the exact helium profits that i'm giving because then you guys will probably be able to find out where i live all right so that's why i can't show the app but you can see here i've just averaged what i've mined in the past seven days and so it's about 14 helium and about 217 dollars so which is yeah it just blows my mind that that that this little guy has mine that much and another crazy thing is that there is nobody around me like there's no one else with these helium miners on the map when i was looking and so what i was thinking of how i was generating helium is that in the app it shows like you're getting challenges or witnesses or anything like that i didn't have any witnesses but i had a lot of challenges and so there were times when i was getting like a little bit more helium than some other days and i found that to be pretty pretty interesting but you guys can see here seven days 218 in profit obviously helium is up in terms of price right now i believe yeah about 15 per helium so that's pretty amazing but i want to show you guys some examples later on in this video just about you know how other people are making hundreds of helium a month okay so like just just insane so yeah i would love to know if you guys have had some experience with these helium miners and i know that these ones specifically have been out for i think more than six or seven months now so yeah helium's been out for quite a while for them so yeah i would say a lot of people have had these and also experienced the insane rise up in helium price as well okay so guys i want to now let's go into the computer and i want to just show you guys what helium is about and also you know what you could potentially generate depending on where you live okay so what i showed you guys here is very it could it could vary from a lot of different areas depending on where you live so i want to explain that coming up in a sec here all right so i'll see you guys in the computer as you guys know i am a huge gpu miner at heart and in terms of crypto mining i've never really experienced many other types of mining out there like i would say like you know proof of capacity hard drive mining and you know fpgas i don't have much experience with those but you guys know i do play with asics as well but mainly gpus and so this helium project is based around an algorithm called proof of coverage which i think is really intriguing and it's already been implemented many many places around the world which i will show you guys the network map here in a second okay so i just want to read helium's mission statement here they save people powered networks start a wireless revolution powered by the helium blockchain the people's network represents a paradigm shift for decentralized wireless infrastructure so you can mine and you can stake and of course you can use the helium all right and then they say here helium's technology allows anyone to build out massive cost-effective wireless infrastructure in an entirely new business model that benefits everyone the helium vision is the most ambitious we have seen in blockchain space since the advent of smart contracts on ethereum helium represents a fundamentally new approach one with a radically reduced cost structure to deploying and managing wireless networks at scale and then going along here they say helium is a better way to build wireless infrastructure the people's network is the world's first peer-to-peer wireless network that provides a secure and cost-effective way for low-power internet of things or iot for short devices to send data to and from the internet now i am not quite sure if this is enabled yet i was trying to figure that out like iot devices like you know such as like i don't know security cameras potentially or doorbells but they say here they have an example of like pet collars gas meters flood sensors that could rf signaling to the hot spots essentially just sending packets to the helium miners so pretty interesting really interesting right so now i want to talk about the proof of coverage algorithm which uh they say here it is a unique work algorithm that uses radio waves to validate hotspots that are providing legitimate wireless coverage for this validation work hotspots can earn hnt by verifying network transactions adding new blocks to the blockchain and performing other tasks now this is what i was trying to figure out how these earn hmt so what i gather is that if you are near other helium miners you are most likely going to get more helium rather than if you are by yourself with no other helium miners near you like myself kind of i i have some near me but they're quite far so i don't think they are communicating at all but i'm not quite sure how long of a distance you need to be close to in terms of the farthest i think it's like i think up to 300 meters from what i heard i'm not quite sure but it's using rf signal and it's using a technology called laura wan and it's basically long distance wireless transmitting so other ways i believe how they can get issued you know helium is there's like challenges and witnessing okay which is really cool so i yeah i want to do more research on this and i believe there's going to be some iot devices or iot like potential companies that are going to be utilizing the helium network using the technology on the helium network infrastructure okay guys so let me show you the coverage map okay so this is something if you guys are interested in getting a helium miner which i'll talk about in a second a link down below but i just want to show you guys the the interactive hotspot map so right now there are only about 25 318 hot spots online as of recording this video which which is crazy you can see here north america is just there's tons of hot spots everywhere looks like there's some in alaska some in hawaii and we've got a lot in europe as well and of course asia but not really a lot in like africa or south america looks like there's a few here but the cool thing is so just an example let's just go we're not going to go to mine because i want to dock my location so that's why i couldn't show my exact results but like i said i mined roughly about 14 helium so far in the past seven days but other people in denser areas okay that are just okay so i'm in new york and this there are a lot of hot spots here so just an example let's click on this one you can actually click on the actual hotspots and you know just uh just choose one and you can see the hotspot details okay so just an example and we'll see how much this one has made some of them from what i've been seeing have been making a couple hundred helium a day okay so look at this um let's just see here okay so this one for the past let's see for the past 30 days has mined 114 helium which is nuts but you can see here for the past year since looks like since he started i would say he or she sorry in august of 2020 this one has mined a total of 2500 helium since last year of august which is which is just crazy and it looks like this one has been witnessing and seeing a lot of other hot spots and has a lot of challenges and mining rewards you can see here it's wow it's just amazing how this works and yeah you can see here the denser areas are able to communicate with other helium hotspots which is really cool and yeah so i mean this is nothing to scoff at guys this is a lot of helium and if you look at the price of helium today as of recording this video it's 16 right so just nuts just nuts the amount of these helium hot spots that are able to mine but you can see all right it's not all unicorns and rainbows that the amount of helium that you were mining in the beginning i would say it looks like it is dropping all right so the amount of helium miners that are coming on the network it looks like they're getting less and less helium all right so i've been noticing that as i was looking at other helium miners on the network it's not just that one that we just looked at but a lot generally a lot of other helium miners hotspots that i've been seeing that they've been generally getting lesser and lesser helium as more hot spots have been coming on the network so yeah so you look at that wow this one is mine 4100 helium oh my goodness that is that is a lot i just want to do a quick i'm not trying to entice people here but let's just do 41.50 times uh what's the helium price 1661 okay so 16.61 that is roughly that is almost seventy thousand dollars this one helium hotspot that is crazy in the past let's see april tenth of twenty dollars so this guy started way way earlier wow that is that is crazy that one mined about 767 hnt back in april 10th uh to may 9th of 2020 so holy smoke and this one is definitely has a lot of coverage against other other ones as well okay but anyways guys i just wanted to just show you guys that but you can feel free you just go to helium.com and you can go check out the coverage map and just look depending on where your area is and depending where you live and you know how many other helium miners are near you it actually really affects the uh the amount of hnt that you're getting so if you are in the middle of nowhere so let's just go let's just go over here for instance this this lonely guy over here looks like looks like there's no helium miners here so let's just see just comparing their hnt rewards to other ones so okay so this one this guy just started looks like uh this year february 4th so this guy hasn't mined that much hmt so it looks like he's only mined about 10 in the past uh two months or so so that's that's not a lot so this guy's by himself right so keep keep going along let's just find some other um by themselves just just to get a just to get an idea so you guys can understand but the main point here is not to uh just you know it doesn't matter if you're by yourself you're not it's to spread the wireless infrastructure of helium all right so that's what it's all about and you know as this network becomes bigger and bigger it should technically incentivize more people to get more of these miners and spread out the wireless infrastructure throughout the world okay so it looks like this guy looks like he's been generally getting some small helium rewards as well someday some months he was getting less some date months he was getting more so yeah it just really depends just really depends where you got where you live and just the coverage but ultimately it looks like the north america is covered pretty well but more interior of usa is not but generally around the world it's not really covered that much yet but really cool guys really really cool i i really love what helium is doing here the helium project but if you guys are interested in looking for a helium hotspot feel free to click the link down below to sp north america group they're the ones who helped me garner that helium original miner so that's really cool i'm hoping to have one of these or a couple of these in the near future so i can do a review of these synchro bit helium miners okay these ones include yeah includes the gateway includes the laura wen antenna the power adapter and an outdoor enclosure as well if you want to do it outdoor okay so that's really cool and so yeah this price of this miner is only 421 dollars if you're interested okay so it looks like the north american model and you can order a european model as well if you're in europe okay so for my north american friends and european friends you guys will be able to order both versions if you want it okay depending where you live of course okay my friends so that's it let me know your thoughts about helium and i hope to have more helium content down the road once i get some more helium hotspots and uh yeah so i really appreciate you all let me know your thoughts and i'll see you guys in the next video have a good one and peace out [Music] you