helium

I’ve been skeptical of /helium not showing enough real utility to justify its valuation. But with last few months of data we are seeing on their Mobile wifi network i’ve become super bullish. I think enough people were burned over speculation during the IoT days that they’ve given up on it.

For the unfamiliar, their Mobile network is now offloading data for carriers like t-mobile and at&t. That means if you place a wifi hotspot well, you get paid in HNT when subscribers of those networks are near your hotspot.

There are hotspot placements in gyms making over $1000 a month. This is real sustainable income that, as far as I can tell is independent of the speculative price of HNT

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yeah one of my issues with them is that they aren’t really 100% permissionless. The foundation issues keys that allow a hotspot to mine. The mobile network allows for any third party hotspots to be spun up on the network but they don’t get proof of coverage rewards.

I remember when it was impossible to get a Helium miner or whatever they are called, they were always sold out and if you wanted one you had to pay well over MSRP on secondary markets. I sold my tokens when they were delisted from Binance or something during the bear market. I do like a good comeback story though.

I pitched a friend on placing one in his Karaoke bar yesterday and didn’t even mention crypto. It just makes sense that you should be able to make some income filling in cell network deadzones.

Arguably the most successful and least well know crypto use case outside of finance.