#384

[@dougmanatt4317]

We will certainly miss your informative content with the unbridled success of your new venture! Please enjoy your new life in the tropics!

[@AndreasSpiess]

Thank you. I hope it will not be too boring ;-)

[@hjboven]

My Calendar is off, must be April 1st again.

[@AndreasSpiess]

Sorry for that. I was too late ;-)

[@bornach]

There will soon be a cryptocurrency that allows you to trade time and move calendar dates

[@lolzdatguy4987]

This is real.

[@AdityaMehendale]

@@AndreasSpiess I was laughing _so_ hard from beginning till end :) See you in Tahiti dr.ir.Spiess! (I assume you did finish your PhD..? You didn't actually say..)

[@paulmacgiollacaoine8619]

@@AndreasSpiess A Swiss man late??? 🤣🤣🤣👍

[@santopino2546]

You could still create s video on how you automate your yacht with an Arduino nano and navigate the seas automatically with your own LoRa networks. Don't forget you Arduino controlled fishing gear.

[@AndreasSpiess]

Good idea!

[@dougmanatt4317]

Reminds me of my favorite business idiom "What I lose on every unit, I will make up for in volume"

[@AndreasSpiess]

It seems that some people make a lot of money if they are not too greedy and change it in dollars.

[@kekagiso]

Best quote I've heard in a while 🤣🤣🤣

[@john_hind]

Then your employees go on strike with the slogan: "five percent of nothing is still nothing, we demand ten percent!"

[@paulbritton187]

@@AndreasSpiess Do they actually get paid real money though?

[@Argosh]

Damn. My sarcasm detector didn't even get a whiff of what was going on until the video was almost over. 😁

[@AndreasSpiess]

I tried to stay "professional" ;-)

[@MarinusMakesStuff]

My autism detector was ringing, but I still don't ever know what the detector is saying. What's sarcasm btw?

[@devilsson1ify]

Is the accent lol . I wasn't sure if he was being sarcastic either 😂

[@daviswillams667]

Cryptocurrency has come to stay, nothing can make it go away you might be lossing and want to quit. No you just have to join the winning side..

[@johnthomas2611]

I've been earning recently on crypto, I have my hands specifically one $10k and shared commodities, I think it's time to put in more money on Dodge and hold long term..

[@jamesedward8817]

Crypto is the future. It's really the best and easy profiting

[@danielpatrick810]

I really can't believe I lost almost everything in the stock market except my life🤦 wish I had investment on crypto when I had the chance. But now I need help on how to trade on crypto

[@matthewhub8158]

@@johnthomas2611 I've traded Dodge coin for a long time and it's really profitable, though it's a long road and a lot to learn...

[@joelandrew3457]

@@danielpatrick810 As a beginner you need the knowledge and guidance of a professional broker, trading all by yourself Is very risky, just get a broker I can still recommend my broker to anyone who's interested and start up a career in Bitcoin trading..

[@klif_n]

Wow, thanks for the heads up!! I just ordered 50 of the things. Now while I wait for them I can spend my time picking out my new yacht and shopping for that luxury condo. :). As the saying goes... if it sounds too good to be true, it probably isn't.

[@AndreasSpiess]

I was not aware of how it works. When suddenly a few viewers asked, I thought, it would be good to inform...

[@altorienlockwood9631]

@@aqib2000 some are earning 200-300+ HNT a month

[@mdroberts1243]

Re-watched for giggles. "Knowledgeable Hot-Spot operators," "The whole business world uses Helium," :-) It seems that none of the speculators have any use for LoRaWAN themselves even ;-) a clue I think! "Who cares about transmitting data" :-)

[@AndreasSpiess]

I had a lot of fun! And after talking with my lawyer I had to delete a few things...

[@FerdinandFake]

Too bad we cant see his face troughout this video lmao, cant believe how calm he pulled this off.

[@AndreasSpiess]

I had big fun, I can assure you!

[@marcrives279]

I guess there soon will be some cheap second hand Helium Gateways. Can we convert them to TTN network?

[@AndreasSpiess]

Yes. They use exactly the same hardware.

[@arabiccola]

@@mrsmith5114 Watching until the end tells you that Andreas is leaning towards the belief that the Helium network is a Ponzi scheme which means it will reach a point where the entire thing will fall apart. Hence the desire to repurpose some of the purchased gateways when this happens.

[@AIInsights23]

I would like to create one for helium network or Andreas show us how to make one pls

[@fritzfahrmann4730]

@@mrsmith5114 cause its an closed network, u can only join with bought not DIY hardware - clearly a scam

[@maksimmuruev423]

@@fritzfahrmann4730 this is exactly main point why I'm so doubt about this network. In my city no som many hotspot.. and I'm pretty sure zerro sensors but owners claim to the profit.. how so? Clearly money paid by new orders and some not paid at all because gready one HODL how they call it, in hope it will more expecive. And also token market provide some funds for the pain off. But in general this is not bad idea. It whey allowed use anysensors it can be usable.

[@drmocm]

Thank you very much, that was one of the funniest videos you every made.

[@AndreasSpiess]

It was a lot of fun to create!

[@bornach]

It's the deadpan delivery that really nails it

[@morecryptoonline7188]

People will be so alarmed at what Bitcoin will tune up to in few weeks if they miss the opportunity to buy and invest in bitcoin

[@godwinedward3110]

Bitcoin trading nowadays is a big change to make money

[@biancaedavapas3308]

BITCOIN: IS THE ONLY TRUE DEMOCRACY EVER EXISTS IN THE WORLD

[@violin5343]

Crypto is the future, trading crypto has become a lucrative way of making money

[@oliverethan5415]

Stock are good too Stocks are good crypto is better

[@johnnathan4038]

I wanted to trade crypto but I got confused by the fluctuation in price

[@kekagiso]

The concept of it is actually not a bad idea, I just couldn't understand why a new currency needed to be created (well I see now why) but you could argue that there could be a ligitimate case for rewarding gateway operators somehow.

[@canwenot573]

You certainly could argue that, and blockchain/crypto makes a good medium to do that. However, the execution in this case pretty clearly resembles a ponzi scheme. Given, as he said in the video, how little the network as a whole was able to make from data transport and how they no longer allow people to build their own gateways(hotspots). I do agree that the concept is solid, especially as big data, cloud/edge computing and machine learning become more mature. There will likely be a number of applications for LoRa in these fields, and that inevitably means that someone is going to be paid to build/maintain LoRa infrastructure. Somehow, some way, there will be something of value exchanged for those services.

[@miroslavbazitov183]

Interesting discussion, I also think it is more like a ponzu scheme, but only because of the low usage of the network. I get that the authorised devices could have much to do with the security concerns, but this limited supply sounds fishy if the hardware is almost entirely off the shelf. They have also announced a 5G hot spot - only for the US, but that sounds likely to be heavily regulated. (I wouldn’t be happy if my neighbour points whatever antenna my way). It should also be mentioned that their investors own 30% of the tokens, it will be quite indicative if they offload etc. Otherwise even if it is a scheme at least it doesn’t burn KW :) and you are part of a global telecom for “just” $400

[@AndreasSpiess]

@kekagiso: You are right. As I mentioned in the video. The idea was not bad for the capitalistic world we are. But now it seems it is out of their hands as Can we not wrote. 5G is heavy licensed (governments charge billions for licenses). So I cannot imagine it can be used the same way. This is a different animal than ISM.

[@ats89117]

Very impressive! The people running this have generated a market cap of $1.172B in circulating HNT by generating a cryptocurrency around transferring data without actually transferring much data!

[@AkramBenAissi]

Thank you for informing people about this scam with humour and smartness. I am really sad to see so many people falling in all Ponzi schemes around. The amounts are so huge that I fear the social impacts when things turn bad. Take care and really appreciate your work. We need more people like you.

[@AndreasSpiess]

You are welcome and no worries about me. I am vaccinated ;-)

[@davidbarton-grimley6459]

Even with 5G I still struggle to see how this can be any different...if the hotspots become cheap enough surely a service like The Things can provide the same level of coverage either for free or a minimal cost, what would be the need for a blockchain? Do I really want to hook up my 5g phone to a blockchain network that chews through my battery? Monthly data plans are already cheap for consumers, what extra benefit would I get from participating in Helium aside from the promise of wealth generated through a ponzi scheme?!

[@mt-qc2qh]

I use the LoRa radios for my home projects, with my own private gateways, based on your past videos. They certainly outperform the nrf24 and nrf905 radios and use the Radiohead libraries. When I first saw the Helium "Peoples Network", I immediately thought about the data transfer and who the hell would ever use such a network. If you're tracking grocery carts or even water meter readings using LoRa, as a company you would implement your own gateways. The "crowd funded" approach is indeed a ponzi scheme and all the hardware vendors are making a killing on the vapor hype. Some are hitting $650 for the hotspots. What a gimmick. I appreciate your affirmation of this point! Thanks.

[@AndreasSpiess]

You are welcome! We will see how it goes over time...

[@Uncle-Duncan-Shack]

Spoofs of this quality need to be saved for April 1st Andreas, they are very "valuable". That was good, you had me hooked all the way and then drowned me at the end. Professional stuff lol. Kind regards, South Africa

[@AndreasSpiess]

Unfortunately, this time it is no 1st April fools.

[@bergonius]

I think it's a necessary phase of a mesh network - sort-of Ponzi scheme phase. It's when the network is not yet big/viable enough to attract real users, but you have to somehow incentivize network growth. Here it seems it's done with introducing yet another cryptocurrency with a PoW of keeping a LoRa node. Now, if it won't collapse during this phase it could enter a phase when it's known enough to facilitate real users who willing to pay, and nodes start to earn money by serving users instead just existing.

[@AndreasSpiess]

I agree. My point is different: We have LoRa networks all over the place (for the last 5 years). But the number of use cases is small because this technology only covers a niche. So even with the best infrastructure: It will not produce the amount of money. But maybe I am wrong

[@DarronBirgenheier]

@@AndreasSpiess For your information: The Things Network maps currently shows TWO hotspots in the entire huge state of Nevada, in the USA. The closest one is nearly two hundred miles from where I live (both are in Reno, Nevada). The Helium map shows hundreds of Helium hotspots in Reno alone, as of April, 2022. While I support both purely volunteer and commercial efforts in the realm of LoRaWAN, it appears that at least in the case of Nevada, "The Market has Decided". As to the long-term results, financially, of the Helium network, that's a WHOLE other question. I hope that if and when Helium collapses, the millions of newly "orphaned" hotspots out there will be readily convertible to private or other commercial use, and don't become e-waste.

[@avamander.]

Fun fact, the only ones that can enroll a new Helium hotspot hardware is the Helium Inc themselves. Nobody else has the keys and they will soon require that the hotspots are cast into resin and so on, for "security".

[@AndreasSpiess]

I am not sure I would call it "fun" ;-)

[@berndeckenfels]

Having an actual useful proof of work function is a great idea, unlike hash burning CPUs or buying NAND for dummy storage. But if it depends on the traffic, hmm…

[@AndreasSpiess]

And the sums paid for such a small service seems rather high for me...

[@NiHaoMike64]

There's Curecoin and Foldingcoin that mine using medical research.

[@sermarr]

If you finally get rich, I don't think you will retire and get bored, you wil find something more challenging that requires more money and end up rivalling Elon Musk.

[@bornach]

He will probably spend retirement making art, and then selling that as NFTs

[@AndreasSpiess]

We will see what happens...But only spending money probably is really boring for me.

[@JC.72]

we need Andreas to be rich, and so he can build and create super large antennas to power the world and finish the job the real tesla left undone.

[@ErikMeike]

Very nice video! I ordered a hotspot in December and they promised to deliver it around March, and still have not received it despite it now being almost June. I did eventually decide it was a Ponzi scheme and thought I would be able to get something out of it, but am far less sure now especially with the halving coming up soon. In the meantime I just bought another LoRaWAN gateway and got it all set up and running with months to spare and am noticing that it is getting clogged from all of the Helium POC packets in my area.

[@AndreasSpiess]

I assume this network will use a lot of capacity of the ISM bands in crowded areas. A viewer even suggested, the FCC could investigate in this use case. That would be interesting...

[@samreciter]

That's the thing with those network ideas - it's the questionable use-case. Right now there is just not much LoRa use. But on the other hand - with a good functioning network - it might get more. And despite what you said in your video - that they had to pay 20k $ for PoC - they actually had to pay none - as they created their own currency (HNT) for 0$ and are paying their PoC with it. The value given to the currency is just speculation on the crypto market. It's questionable as it might go nowhere - but speculative - it could become the network with the most coverage & LoRaWAN could become the technology for IoT - then it might become a viable business. It's a game of chance and speculation - not necessarly a ponzi sheme.

[@AndreasSpiess]

We will see. 500 dollars turnover for a global network after a few years of operation does not make you think? Is the market demand really so big? Big companies like Deutsche Bahn build their own network because it is quite cheap for the places they need.

[@samreciter]

@@AndreasSpiess I totally agree - it's obvious that the demand is not there (yet). And i assume they even use their own stock of HNT to pay for their bills. Although they sure get some kickback from the Helium hardware too. I would not invest in it myself - at least not long term - as i see the chance as very low. But it's how alot of those new companies work - completely investing in a possible future with f# high risk - trying to be the first of something. I agree with your assesment of the company - but it's hard to tell if they really believe in themselves or really just putting up for the ponzi sheme =)

[@AndreasSpiess]

I do not think they wanted to create a Ponzi scheme. But they thrive on it now...

[@tommillar4331]

Great video, especially at the end. One small point, Semtech, the LoRaWAN protocol owner is not a French company. It is headquartered in Camarillo, California and is listed in the Nasdaq exchange. All the major holders are U.S. institutions like Blackrock and Vanguard. Perhaps you were thinking of SigFox, the protocol owner for a rival long range system. SigFox is a privately held French company.

[@AndreasSpiess]

You are right. It is not a French company. I confused it because I always had French counterparts for LoRa...

[@dennis8196]

Before the name Ponzi was mentioned I could see that's exactly what it is. The money going to the original few only comes from the influx of new user members. When new members stop coming in, the system dies.

[@AndreasSpiess]

I think, with Crypto it is a little different. But the end effect can be similar if people want to change the HNT into dollars. For teh moment, fortunately, everybody is greedy and stays in HNT.

[@bornach]

@@AndreasSpiess Cryptocurrency is the latest justification for "This time it will be different!"

[@janmaker227]

It’s advanced and different to a traditional Ponzi scheme because people don’t need to join it to put their money into it :) there are people actually trading helium coin without commuting to the project. Remind me of the big short (awesome movie about financial crisis 2007/2008) it’s like there is a Ponzi scheme on the surface and then there is a giant giant Ponzi scheme building on it :)

[@gedatheged]

Interesting video, but be conscient that if you want to build you own hotspot with the listed materials, you won't get any HNT anymore. If you plan to buy an official gateway, make sure you have checked that the distribution of HNT will change overtime. In the futur you will get less for the Proof of coverage and more for the data transfert. As mentioned in the video, the network is not carry much data at the moment ... The simple way to get rich with helium, is probably to buy HNT and hoping the value will get higher. By the way, the token generation will be halving on the 1. August 2021 (may be a sign, because it's the day of the swiss national day !)

[@AndreasSpiess]

You are right. But why would I build a hotspot if not for making money. If for sure will not be used for data traffic... I think you can also buy Bitcoin or others instead of HNT. It seems the cryptos move quite in parallel. See this week.

[@anonymoususer6448]

My ticker just missed a tick ...when you said that this was your last video good joke, as always and great video,.. as always chrisV

[@AndreasSpiess]

It is quite obvious that I will no more have a lot of time if I have to spend all the money ;-)

[@rayrivera1830]

Who would use the Helium hotspots? Wouldn't anyone who have IoT devices just put up a hotspot themselves? Or are we seeing the beginning of a new standard, where manufactureres of smart homes, refrigeratos, Philips HUE etc. start using it?

[@AndreasSpiess]

That is a good question. After many years of TTN I did not see a "killer app" for LoRaWAN. As you say, most of us have their own gateway. And I assume most commercial applications also depend on their own infrastructure.

[@GlennHamblin]

Seems there are limitless ways that people want to separate me from my money.

[@AndreasSpiess]

Fortunately, only if you believe them. This is the reason for that video.

[@damiendoute4595]

"A fool and his money are soon decentralized"

[@fongfattchee777]

All the best. Thank you, Andreas... for giving us your best years. You deserve all the warm weather you can get with your newly minted stash.

[@AndreasSpiess]

Thank you!

[@harrygallons4017]

The first quarter of the year was all about survival with many achievements not met but you have to be ready for second quarter and it begins right now by making a move to achieve your goals…If you have been saving and it’s not really getting you to were you want to be, then invest that money today for a better life tomorrow. If you can’t fly, run, if you can’t run walk, if you can’t walk crawl but just try and move to achieving your goals.

[@morrisonjeff8176]

So true . Despite the economic hardship and the inconsistent fluctuations in crypto value , it's a good time to invest and buy more dip which will generate more profit during the bull market . Let's be wise

[@mostblessed7746]

It's surprising that people are so scared and discouraged by the sudden drop in value . Most Crypto traders and investors are less knowledgeable about the dynamic of Cryptocurrency . Well , it's a time to buy dip and connect with good traders that knows the nature of Crypto . Buy dip. I'm much covered and secured about the market 😁✅

[@henrytapio4482]

I wanted to trade Crypto but got confused by the fluctuations in Price

[@philipevans7547]

Trading now will be very wise but trading on binance and coinbase without a professional is not ideal

[@dougle03]

An entire thread by bots..... Bravo...

[@Average_Geo]

For a rural technology (LoRaWAN) the concentration of the hotspots seem to be in urban areas where more cost efficient data packages are available. If I set one up on my ranch, it won't make any money since there aren't any hotspots in the antenna range to PoC my existence. So much for rural LoRaWAN access. Maybe it is expected to grow? I may get one just to see what it does. It might take a few years to earn enough to give it value...

[@AndreasSpiess]

If we look at TTN, the money is made in the private networks. I cannot imagine that a lot of corporations will depend on public networks where you can switch your only gateway off if you desire. Also getting 40 million messages through your rural hotspot is probably not too easy...

[@r3k_it]

I also live in a ranch where I am going to set up 5 of them meeting the 350 m apart. Doing this should be able to communicate with each. Even with the halving coming, it will still be worth it.

[@AndreasSpiess]

@Raul. You probably have to wait a little: 300'000 miners seem to be on order...

[@mvadu]

I didn't know you had a doctorate in business, watching your regular videos didn't make it apparent. May be you should make few more videos on bitcoin miners once you get a break from you yacht.. 😁

[@AndreasSpiess]

I am a trained Electronics Engineer, too. So far, this was not important for my videos. I am not too interested in Cryptos. Just this combination was interesting.

[@houserental5424]

So I assume you are involved in this get rich quick scam and you got upset when Andreas dropped a truth bomb on your silly venture?

[@mvadu]

@@houserental5424 so far I haven't touched anything crypto block chain in my pinky. $0 lost.. Of course Wallstreet is doing good job in making sure I lose money none the less

[@kevgermany]

Thanks for the heads up. I hope your message gets through. Worries me that con schemes like this can thrive. Authorities should step in.

[@AndreasSpiess]

The message will hardly get through. Greed closes ears and eyes :-(

[@kevgermany]

@@AndreasSpiess too true. Sent this to a colleague, intelligent guy, he couldn't see a problem.

[@ArcanePath360]

Cue all the spam "You should invest in Bitcoin" and "Yes, I did and now I'm rich" comments

[@AndreasSpiess]

I already got a fair share of such comments ;-) I deleted them if they were ads.

[@ahaveland]

@@AndreasSpiess There are lots of comments "advertising" cryptocurrencines that don't look like adverts, but appear to be bots commenting to support a seed comment also posted by a bot. These should be removed too.

[@doobedoobedo1]

Atomic Shrimp just put out a video about them kzbin.info/www/bejne/g3-7nGSnbpqihpY There's one starting with a post by 'Wang Wei' in these comments.

[@AndreasSpiess]

Thanks for the link. Exactly the same post I had to delete today again and again...

[@G7LWT]

Thanks very much Andreas, all my questions were answered clearly and concisely in one short video...

[@AndreasSpiess]

Glad the video was helpful! And thank you for your feedback.

[@thomasberntsson6842]

Helium is a good name - a gas that will evaporate into … nothing!

[@AndreasSpiess]

Helium is a quite stable element. So we might even repurpose the hotspots as ordinary gateways ;-)

[@dd0356]

Even after so many years, there are almost no Lora gateways here...and the map show one in Himalayan town..If there is good amount of investment mobile companies won't let them live...I would rather spend less money on lora "network" rather focus on point to point connection. In other words, i am a "consumer" of the capitalist world living my life on free things

[@AndreasSpiess]

This is interesting. When I was in Hyderabad, a lot of young people were very interested. So I thought they will at least build a some in the main cities. But for this big country there are really only very few...

[@dd0356]

My guess is those young people have already "migrated" to US/CANADA/Australia/Germany and other places ;-) The reason i see is, older LoRa chips required clock generation from the "mother" (or father) chips which means a loose wire renders it useless. 8-channel Gateways were costlier than i would like to spend. In bigger cities and towns, there are big concrete/buildings. Besides there was a huge confusion regarding frequencies. By the time one figured out all these, one got confused why he (or she) did this. If the whole point was to transfer data from long distance location to the internet, i would rather use arduino (stm32)+nrf-->nrf+esp8266 or a GSM chip costlier but works universally, although power hungry. A few projects i had in my mind 3 years ago before i abandoned it due to lack of time (and more importantly energy) was to log my solar panel V,I,W and load V,I,W and pf so that i could optimise the system..Another one was water tank monitor on my rooftop and display it on my mother's phone. Besides, i have done some test using the ttgo t-beam. Idea was to log my GPS co-ordinates of my bicycle (and walking) to TTN. But maybe my setup was wrong, it did not send anything beyond 500m.. For the same application, since i had t-beam, i would store gps data on the sd card and later download the csv file when it comes to my home wifi or send all data automatically to firebase or a local database. If we have lockdown for a few more weeks, maybe i can try on these abandoned projects again..

[@AndreasSpiess]

You are right. LoRa is a niche protocol. I thought it could be used in countries like India in rural areas. At least this is what I heard during my stay. Mut now you have a LoRa satellite and maybe this is the solution ;-)

[@dd0356]

Yes LoRa satellite i would like to test. I have a few antennas on my roof for getting free to air channel on my roof. i am planning to install grid-tie solar panel (just for the sake of it) due to space, i can use one of these ku band antenna with the excuse that solar panels block signals !

[@pcost]

Sharp as always, Andreas! Greetings from 🇧🇷 and 🇨🇦!

[@AndreasSpiess]

Thank you!

[@zerog2000]

Andreas, please do a 1 year update on your thoughts and observations on Helium, especially in the context of crypto crashing in past month. I suspect Helium pyramid scheme will come crashing down by end of this year as well. I'm hopeful this will result in a dump of very cheap (worthless for mining) US LoRA gateways, and hoping they can be repurposed for TTN/ThingsNetwork.

[@AndreasSpiess]

Maybe you are right. At least the prices of new HW in Europe came down considerably already…

[@Sashasdoc2]

My father has a dry wit, but yours is positively arid! Another fine video from that guy with the Swiss accent. Always a pleasure to watch another one of your videos--looking forward to your travelogues from Miami and Tahiti. ;-)

[@AndreasSpiess]

Glad you enjoyed it!

[@jfmateos]

I am worried about Helium getting so big that when it will fall (and I am pretty sure it will do), other public networks like TTN , or even Semtech because of it support to Helium, could be also under suspicion. If you are earning money from Helium, it is money that other people will lose (or even you).

[@AndreasSpiess]

I am also curious how this will go on. In most currencies, money given to somebody is no more available for the giver. Only with cryptos this law seems not to be true...

[@RGPinger]

year later boss, can u write your comment pls? What happened, how it is now? It looks like there are a lot of new gateways.

[@joshflugel]

Thanks for sharing, I am a big fan of your videos, I will be picking up my first LoRa hardware boards today, so stokwd.

[@AndreasSpiess]

Enjoy your new adventure!

[@mathijs5594]

I believe mining using “proof of coverage” is an interesting innovation in the crypto space. The fact that this mining algorithm is less energy intensive compared to something like “proof of work” while essentially performing the same task and also creating a usable network is something I like personally. It’s also nice to mention that Helium is expanding to 5G which could fix some of the lack of data transferred. On the other side, from an telecom business standpoint, the data transfer numbers at this point in time indeed look terrible… In the helium community it is often argued that it is only attractive for businesses to use the network when coverage is more consistent (so when more hotspots are deployed). But then again the data transfer would need to increase several magnitudes in order to pay out something significant to the owners, not looking good.

[@AndreasSpiess]

How can they move to 5G? Here, 5G spectrum is sold for billions of Euros to the telecom operators.

[@mathijs5594]

@@AndreasSpiess The Helium 5G Network will be exclusively available in in the U.S. for now (using the open CBRS spectrum). But yeah, I don’t see how they would do the same here in Europe.

[@gavins1910]

@@AndreasSpiess They use the CBRS band in the US. Not sure about the rest of the world. 5G should drive up the data usage.

[@power-max]

@@gavins1910 CBRS is only 1MHz bandwidth and very short range. Data rates are going to be laughably low.

[@gavins1910]

@@power-max They are doing private 5G on the CBRS. Low data rates per device but large data with millions of devices.

[@WolfpackHockeyAlpha]

it gets better.... the miners are being sold just as they move to "validators" validators require 10,000 hnt ( $150,000 ) - staked that even if you want to leave the network; your funds are locked up for 5 more months. from 200$ entry people network of makers -> we lock up 150,000$ of your usd for 5months+

[@AndreasSpiess]

We will see where this leads...

[@MrNathanmichaelmoore]

So do you think Helium’s 5G network plans will just be a more expensive pyramid scheme? With 5G being more widely used then LoRa would a 5G helium network actually be valuable. Bringing coverage to rural areas that lack 5G and maybe selling that coverage to main carriers like Verizon or US cellular?

[@AndreasSpiess]

Here, 5G licenses are sold by the governments for billions. And you need big antenna towers. I do not see how this could work...

[@gavins1910]

@@AndreasSpiess In the US the FCC released 3.5 GHz for private cellular. If Helium starts deploying these, does that change the narrative?

[@Crayban]

Just want to let you know Andreas, most my knowledge I learned to understand LoRaWan was from you, and still learning. So thank you, and wondering if you have received your hotspot yet?

[@AndreasSpiess]

Glad you find my content useful. I never intended to participate in this frenzy. I made my own hotspot connected to helium but without miner and crypto...

[@Crayban]

​@@AndreasSpiess Thank you so much for your response, such a legend :). My main curiosity was to optimise setups and gain better coverage and definitely feels fulfilling once they you see the results. I have a Nebra Miner coming in a few weeks and they don’t have the best of antennas. I am on a mission to create the best setup ever, and would love to collaborate somehow if you would like, even though you are not the biggest fan of the project. Happy to share any HNT rewards, my main focus is to provide one of the best coverages on the Helium Network. Here is one which I look up to, it is an off-grid setup equipped with a 12dbi omni-channel antenna, Solar panels to drive the energy to run the miner/ portable broadband hotspot, linked with a Dragino LHT65 temp and humidity sensor to monitor the device. Quite an impressive setup, which I can share some pictures of. Its range is impressive, you can view it on the explorer map: Atomic Vanilla Locust Let me know your thoughts :).

[@mikesnapper9001]

With lora, multiple gateways in range hear each transmitted packet, so do all gateways get paid for handing over this packet to the network? In which case someone could just place 1000 gateways side by side and make bank.After GPU shortage due to ethereum mining and HDD shortage due to chia mining, we will now have LORA module shortage due to helium mining. What a time to be alive.

[@AndreasSpiess]

I read that 300‘000 hotspots are on order. And I remember that gateways were cheaper a few month ago...

[@gavins1910]

I'd love to see a follow-up of this video. For example, what are your thoughts on the upcoming light hotspots? And, some of their newer customers, Dishnet and Senet?

[@AndreasSpiess]

The general situation will not change with such deals nor with other hotspots. I plan to do a video on how to create sensor nodes for the Helium network.

[@schukoheimann]

Our startup-company would be happy, if the Helium-network could be used for our upcoming solution for fleet-operators. So we do not have to built the infrastructure ourself. The price for Helium-Gateways do not seem to be much more than for standard LoRa-Gateways. So the chance should be good, that the infrastructure will stay in plce, even if the Helium-reward-system crashes.

[@AndreasSpiess]

We will see if the „investors“ are still interested. Anyway, you have to check if coverage is ok for you. It seems to be concentrated in cities.

[@tonisee2]

I'm delighted to see and hear that there are people in the world who know what is sarcasm. :-) Enjoyable video!

[@AndreasSpiess]

Thank you!

[@joelvale3887]

Crypto currencies are a death trap for all humanity.

[@joelvale3887]

@@harriswhite3810 You'll se when the banks and government controls all your accounts

[@MrEatbrix]

I truly enjoy your growing sense of humour! Thank you for ponzi explanation 🤣

[@AndreasSpiess]

My pleasure!

[@simplerecipes1800]

Hello Andreas, thanks so much for the video! Do you think it makes sense to improve the bobcat miner's antena to 8dbi? And if so what antenna would be feasible? I see some miners get crazy long distance witnesses and would like to achieve that. Thanks for your suggestion.

[@AndreasSpiess]

It makes not a lot of sense. Loca

[@simplerecipes1800]

@@AndreasSpiess thanks for the answer Andreas. Danke viel mals! Do you have a video on how to best lcoate your helium miners? For example if I have 5 miners. I am lacking knowledge on the best tool.. I have seen a few paid ones. Wondering if you used and or you could suggest what would be the best approach that I could simulate and plan in advance where to locate that I will get the most rewards possible. Time and planning is key 'like a swiss watch' thx Andreas 😉

[@AndreasSpiess]

Maybe you consult my LoRa playlist. There you find sim information about LoRa coverage.

[@619ota]

Man. I've been following you for awhile and never noticed your videos on LoraWan. I got into Helium a few months ago. But, its gonna be like half a year to get my miner. Plenty of time to watch all your videos on Lora.

[@AndreasSpiess]

And hopefully still time to make money!

[@martymcfly88mph35]

They use the miner for months then ship them when they've already made money on them. Good deal for them.

[@marcelomorandi9834]

Hi. The alternative gateway that you suggest in the video was composed of a RAK2245 module together with a Raspberry Pi4? I ask because the link you include leads to a Raspberry Pi4.

[@AndreasSpiess]

As said in the video: They do not allow home made miners anymore.

[@johnbell1810]

Thanks for you input on helium. What's to prevent someone from starting a competitor network using DIY raspberry and parts?

[@AndreasSpiess]

Networks are always hard to begin because of the network effect ( en.wikipedia.org/wiki/Network_effect ). Value of networks are very low at the beginning and they hardly can compete with established networks like TTN, Sigfox, or Helium.

[@fazapops]

Grüezi Andreas. I have an obtuse question. I get the whole concept about Helium. Let's pretend though it is before Helium created the network and places like CalChip started manufacturing the devices. My dumb question is, how do these small packets know where to go? How is duplicate information not received at cell towers and by the devices? Does this question make any sense? Thanks for your anticipated response and your expertise. Ciao.

[@AndreasSpiess]

Maybe you watch my LoRa introduction video. Helium works with the LoRaWAN standard.

[@fazapops]

@@AndreasSpiess Thank you Andreas... I will check that out!

[@Shanethall12121984]

Im going to make a bold prediction. By July 2022 HNT will be Near the 100 dollar mark and the miners will be 10x more in price to buy. $5k minimum

[@AndreasSpiess]

Maybe. For the moment also Bitcoin and Ethereum go up. And I predict they will come down together. The only problem: I do not know, when. This happened already a few times...

[@Shanethall12121984]

@@AndreasSpiess Bitcoin and Ethereum I believe will spike in January maybe Feb. By May it will come back down.

[@AndreasSpiess]

So I hope you will be rich if February ;-)

[@vat8367]

@@AndreasSpiess yes, they go up x 20+ and down and "crash" to 40%. still 800% profit for doing nothing....

[@felenov]

The legend is back to give us the good word of LoRAWAN

[@AndreasSpiess]

Did you watch the video till the end?

[@felenov]

@@AndreasSpiess Yes. Pretty interesting. But I am probably skipping the helium network.

[@AndreasSpiess]

Good decision!

[@ytubearbeit2944]

Should I convert my IOTA in HNT? ;) Anyway, get your hands on AMS sensors. From the lightning sensor, tri-stimulus, 18band VIS/NIR to the new i-phone IR raster laser TOF sensor for 3d scanning. And we have a big problem in the EU after 1 July: Duty free parcels from China are gone. Rest in peace Aliexpress :(

[@AndreasSpiess]

I would not underestimate the Chinese. I already see that they started delivery from Spain, France, and some Eastern countries. Maybe not from day one on. But for sure in the next month. They will not give up this customer potential, I think.

[@matthewb7800]

If you have both Helium and TTN gateways covering the same area, do they just drop messages they receive but don't have an account for? Maybe you've covered this in a video, if so, please share.

[@AndreasSpiess]

Gateways drop all unknown messages.

[@Wajiduddaim]

Hi I need dev. Board include wifi, Bluetooth and big amount of flash I used esp32 but when i use bluetooth and wifi library, remaning flash memory become almost zero So which module is suitable? If any module has gps, thats more suitable

[@AndreasSpiess]

All ESP32 boards have the same flash. you can change the "partition scheme" if you need more Flash for your application.

[@squelchstuff]

Oh boy. That was hilarious. I fear that it might backfire and attract too many "knowledgeable Hot-Spot operators" attempting to sell their services on your channel just like Twitter. You might get the engagement traffic, but SNR will drop significantly. Thanks for the Public Service Announcement anyway Andreas.

[@AndreasSpiess]

You are right. I already had to remove some ad comments. I did the video because it is closely related to one of the main topics of this channel.

[@squelchstuff]

@@AndreasSpiess On a technical note, and apart from the dubious commercialisation of the ISM band - If the majority of the traffic is POC, does that have an impact on available bandwidth for "normal" LORA gateways and the network as a whole? I mean a standard LORA gateway could be forwarding Helium traffic at the owner's expense and against the altruistic mission of the system.

[@AndreasSpiess]

All LoRaWAN gateways will receive and decode all traffic if they use the same frequencies. They just will not forward them (I do not know of roaming between the two networks). I did not check the frequencies of TTN and Helium. Maybe they are different. and there is no "congestion".

[@squelchstuff]

@@AndreasSpiess Interesting, and thanks for the replies and your time. I've done some cursory reading on Helium [1], and it does appear that a Helium node handles all LoRaWAN packets as a bonus to the whole LoRa network except that Helium specific packets are marked and secured for participants in Helium only. However, my concern was that the converse is also true, and a standard LoRa node will still receive the anonymised traffic and possibly forward it. Afterall, the Helium layer seems to ride on top of LoRa where only equipment with the enabled protocol and appropriate decryption keys are used. Given the low data rate of LoRa as a whole (by design) any increased handshaking over the Helium layer could have an impact on the ability (in the time domain) of "standard" sensor traffic. I need to do more reading to fully understand if any of this is true, but my naive understanding so far seems to indicate it might be. Have you ever considered looking into DASH7? I'm sure your insights would be of interest to the community. [1]Source: docs.helium.com/lorawan-on-helium/

[@AndreasSpiess]

I saw on their github that they install the standard Semtech packet forwarder which usually points to one network address, either Helium or TTN or some other network. Then the network decides what to do with it and who to charge. I do not think that the hotspots have this data (otherwise they would have to replicate all sensor numbers to all hotspots all the time... I looked once to Dash7. But a long time ago. I never saw any Maker projects using it. But maybe you know more...

[@hsmptg]

Looking in their map coverage, I did not knew that I had so many LoRa gateways around me! I thought I was the only one in my village! :D

[@FilipeNeto616]

Same here. Wasn't aware of how many Lora gateways I have nearby. All of them with very funny names 😁

[@AndreasSpiess]

So you just have to get some HNT and connect your sensors to the gateway. Cool ;-)

[@alicewyan]

Sounds pretty legit if you ask me

[@AndreasSpiess]

I am no lawyer....

[@flatronsoj]

The PhD sums why your LinkedIn work experiences is more business oriented..... I hope i see more swiss videos from you from some time... enjoy spending your helium money :D

[@AndreasSpiess]

KZbin is only my hobby.

[@sanfourbensanfer3911]

For LoRa Bord Konzentrator there is 2 EU versions, 433 and 868 MHz Wich one should we use? From stomach feeling I would choose 433 MHz because am living in country side

[@AndreasSpiess]

>It has to fit the bandplan of the network.

[@GrantStephens]

I'd love to see this posted to the Helium subreddit

[@AndreasSpiess]

It would probably be removed fast ;-)

[@seanjustinification]

It doesn't cost them anything to issue HST. So, the profits are legit. Also, hotspot owners have a good chance of selling out to an ISP as well.

[@AndreasSpiess]

You are right.

[@john_hind]

This has really got me thinking! I could replace my central heating radiators with crypto-mining rigs. So long as I modulate the mining activity on a thermostat I will only be using the same energy I do at present and I'll have crypto-coin to offset the cost! I'll even be greener because I'll be substituting gas with electricity an increasing proportion of which is renewable! So long as the supply of credulous marks holds up, I even have the bonus possibility of getting rich from speculation on my 'free' crypto-coin!

[@AndreasSpiess]

Unfortunately, this miners are only Raspberry Pi. So not a lot of heat :-( But maybe they create some warm air...

[@john_hind]

@@AndreasSpiess Yes, probably works best with 'traditional' crypto which just deliberately wastes energy in a high-end processor and graphics chip to limit the money supply. I was admiring the notion that instead of just doing pointless 'make-work' HNT demands some actual useful work. Then it occurred to me that heating a house *is* useful so long as you only mine when you need the heat, mission accomplished! If I understand thermodynamics correctly, a computer is just as efficient at degrading electricity into heat as a resistive heater and can also do some useful information processing as a 'free' side effect!

[@AndreasSpiess]

You are right with the efficiency. I would argue that the "grey energy" in a computer is probably a bit higher than in a simple resistor ;-)

[@MNSweet]

I really like the idea of Helium. But I almost wish we could take it a step further, as a customer of an ISP in the US we pay for speed not bandwidth, and as a result the value of our purchase mostly goes unused outside of a bit during work hours and maybe evening streaming content. Why not use your existing internet to feed into the system and allow for a decentralized network? Not sure how much of this is already happening and I don't know about it. Also with the long-range stuff it would be at best email and AMP versions of websites with no media or simple images but for the 5G versions that Helium is playing with I could extend my Xfinity service to my neighbors and get paid for it.

[@AndreasSpiess]

LoRa only offers an extremely small speed (Bytes/sec)

[@MNSweet]

@AndreasSpiess that's what I'm starting to learn. So I guess I'm talking about a different protocol/band but the same decentralized concept.

[@jorgealonso2238]

Great video Dr. Spiess. I live in Toronto, lots of hotspots, lots of money being made here at the moment.

[@AndreasSpiess]

I hope they all change it into dollars. But I fear that greed prevents a few in doing so...

[@richsadowsky8580]

Andreas I am brand new subscriber. I'm watching many videos relevant to RP2040 or to the protocols all the similar SoC support. What I like is that you go a little deeper and uncover more interesting information on topics. I enjoy your sense of humor and wit. You explain things well but not afraid to say "I have no idea how this thing works". Yes. You've converted viewer into a liker who became a subscriber. And you tell me it's over between us? I don't actually know what your new venture is but I am sure I will come across it. Location in the tropics sounds like a very good start to a business plan! Best of luck. I hope you do decide to drop a vid on us from time to time. Thanks for all the info sir.

[@AndreasSpiess]

Welcome aboard the channel and thank you for your nice words! Do not believe all I said in this video. I was probably a bit too sarcastic. Nothing will change here and you will get the new video on Sunday morning

[@richsadowsky8580]

@@AndreasSpiess Ah I am beginning to figure you out! As you suggested in a reply to older videos with Lora and LoraWAN, I have been watching many of these Lora-related topics. Clearly, in this video you are telling us to take profits on our piles of Dogecoin (sometimes referred to as piles of dog poop), and also take out a second mortgage to buy HNT. Why? Because I want the sports car, Lear jet and super-yacht. There's a catch. I don't want to work or think. I just want to buy a sure thing. Everyone keeps warning me about exit scams. I don't get the big deal. When I was a teenager I often exited the theatre via the exit doors to be used in case of fire. I typically plan the scan as soon as I observe the theatre. No risk of an exit scam here because there'd no movie theatre with doors you aren't supposed to open. Hmm, I wonder if they'll let buy HNT on margin. Surely my broker will share my enthusiasm for a "sure thing." First, I have to liquidate my holdings of pet rocks, mood rings, cabbage patch dolls. I also collect Happy Meal toys. They are 100% authentic and preserved complete with burger and fries still in the box. Just practicing my own sarcasm. I would NEVER sell my original, in box, happy meals!

[@leecyrille]

So can I actually cheaply use this network for something like car starter with a normal Lora ESP board? hopefully most of this network hangs around if the currency drops

[@AndreasSpiess]

I do not see the relation between a car starter and LoRa. But you can use Helium for your LoRa sensors as TTN. You just have to pay a small fee for the data transmission.

[@antoninperbosc1532]

Ok let see if i am able to read between the lines : #1) helium sell his gateway 400€. #2) You can build the same for around 200€ (or less) but today you are no more allowed to join their network with your own diy gateway... #3 Rewards VS Data volumes lets said that the metrics "are stranges" -> no enought data trafic to reward miners ... #4 In my country fr town TLS a guy win 10€/month (3years + 1quarter) to "win" 400$ and recover is "bet" ... if i said that the extra 200$ they won on the gateway + "the lack" of products to sell in their shop is "organise" in order to boostrap their business / network and create the market . Am I wrong ? * *(this is only a question !)

[@AndreasSpiess]

I do not know.

[@useyourbrain2022]

my understanding is that helium no longer allows built own hotspots, are you sure that is posible to do as you says? concentrator + rasberrypy? thanks

[@AndreasSpiess]

I thought I said that it is no more possible...

[@wistonlawsons4443]

This is precious information. And looks super fun to do. Thank you very much bruh.

[@AndreasSpiess]

You are welcome!

[@ChartAsa]

I’m quite interested in LoRa but I don’t know whether it is legal for broadcasting its frequency in my my country (Thailand). Please help me clear.

[@AndreasSpiess]

Maybe you go to the TTN page. There they have the frequencies listed.

[@neildotwilliams]

In a few months I plan to convert mine to be the most expensive gateway on the TTN network 😂

[@AndreasSpiess]

:-)

[@neildotwilliams]

@@AndreasSpiess could even be the best thing to happen to TTN. Time will tell.

[@AndreasSpiess]

Agreed.

[@fitybux4664]

Convert it to TTN and be able to talk to a few thousand gateways. Use Helium and talk to 211,000 gateways for a very low price.

[@danielbotelho4696]

Thank you, Andreas, Great explanation!. Can you indicate the best antenna to buy for this project?

[@AndreasSpiess]

The best is to avoid this project right away. There are a few videos on how to find or build good antennas on this channel.

[@NiHaoMike64]

Any idea if it might be possible to DIY a hotspot (using generic LoRa modules) for far less than buying one?

[@AndreasSpiess]

I thought I said that this is no more supported.

[@NiHaoMike64]

@@AndreasSpiess Could it be possible to come up with something that's community supported using hardware that has plenty of other uses?

[@bekirozturk91]

Can I use the SENSECAP M1 helium hotspot as a gateway at the same time as TTN?

[@AndreasSpiess]

You can only connect a gateway to one network. You can use the helium network as the TTN network for your nodes. You just have to pay for the transfer.

[@gustavoenriquejimenez8098]

Hi Andreas. Is it possible to build a Helium hotspot from cheap LoRa modules? According to your video #134, it is possible to build a gateway with the limitation of one module per channel. Is it possible to write the code to glue those cheap modules to the Helium network?Thank you!

[@AndreasSpiess]

You can build DIY Lite gateways. They are not allowed to mine, though.

[@gustavoenriquejimenez8098]

@@AndreasSpiess Now I understand a little more about Helium. If anyone were allowed to set up their node without centralized authorization, or in this case a unique key, there would be a lot of fraud. It is an interesting problem. I will read more on the subject. Thanks again! Edit: Bitcoin requires a proof of work, Cardano requires a proof of stake. Helium requires a proof of physical location. That's the problem with Helium, and that is why right now you need to validate your software/hardware with the Helium team. A tricky problem, since is so easy to spoof a location just by software.

[@vaguedirector_7342]

Lol there's only 2 active nodes in the whole of Australia, I assume this means don't even bother.

[@AndreasSpiess]

This means a lot of chances. Such a big country ;-)

[@Andrew-rc3vh]

I did the due diligence myself. Notice these stations that do the POC are from the US. I live in Somerset so I looked at a local hotspot which was earning probably less than the interest you would get if you put the $400 into a savings account. I notice also that a kind of generic system behaviour was that lets say you have a medium town and you have a few hotspots working in that town, then one will be earning about 5 HNT and the others about 0.01. I checked details like power output, antenna location and so on but found no influencing factor here. Yes indeed, I got a strong whiff of that Ponzi chap. We come to similar conclusions. By the way, you could at the time I was looking, manage to build your own. You need a crypto key to operate and in order to get that you have to hand over a large five figure sum for some stringent approval process. I guess you could say suspicion is raised somewhat by the amount this get-rich-quick scheme is promoted without downsides on a million KZbin channels. It saddens me. It's a thing that the AI notices you are looking at and spams you some more.

[@AndreasSpiess]

This video is quite old. Now the prediction became more or less true if I beliefe the disappointed comments.

[@Haitham_Abo_Manar]

Good But the question now how to Connect it to Helium Hot Spot app? I tried that with both version's Rak2245 & Rak 2287 It's hopeless Thanks Andreas

[@AndreasSpiess]

I do not understand. Are you trying to build your own miner? As said, it is no more supported.

[@Haitham_Abo_Manar]

@@AndreasSpiess Yes that's what i meant. it's not supported anymore thanks'

[@HamedAdefuwa]

This is the video I wanted!!!

[@AndreasSpiess]

:-)

[@ronmckay9037]

I can see mine there! Thank you for all your wonderful content I have really learned so much.

[@AndreasSpiess]

Happy to help!

[@thesiegfried]

Wow. This video is so severely missing the point that I suspect it is intentionally misleading. The Helium Network is in the building phase at the moment. Low data traffic at the moment is no indication for the future success of the network. Of course building the Helium Network can turn out to be a failed business activity. But success or failure does not depend on data traffic today, but on future data traffic, which is expected to grow enormously. This expectation can turn out to be wrong. But not even taking this in account is like looking at a housing complex in the process of being built and saying "How can they pay the workers who are building the houses so much money at the moment, when they have no one who is paying rent?"

[@AndreasSpiess]

We will see in two years. LoRaWAN technology is 5 years old and many successful nets already exist. Nobody waited for Helium with its coverage mainly in large cities (which is probably the reason for the lack of data traffic a few years after its founding). But maybe I am wrong.

[@thesiegfried]

@@AndreasSpiess Well, we can see right now that your analysis is missing a very important part. When assessing a business model, one can have different expectations what those aspects of the future will be like that are relevant to the business. One can give reasons for those expectations. One can be right about it or one can err. In part or completely. But you just completely ignore that part. A part that is relevant for the analysis of every business model, but even more so in the case of the Helium network, which has a clearly defined long-term strategy. Where is the part in your video where you even try to estimate the long-term (2 years, 5 years, 10 years, e.g.) growth of LoRa use cases, of data traffic and of the percentage of that traffic that might be using the Helium network? I can't find it.

[@AndreasSpiess]

kzbin.info/www/bejne/sIaYe6aGa9WIpsU

[@thesiegfried]

@@AndreasSpiess Two questions: 1. You do not like to be criticized, do you? 2. You are not interested in learning about posssible mistakes you might have made, are you?

[@AndreasSpiess]

You are right

[@Freestila]

So basic question. I get that it says you pay for data transfer, so ou earn from data transfer as a gateway. But as you showed, main income is from different methods. So, who pais for that? Somebody has to pay for poc so that the gateway can earn it. Obviously not the nodes sending data. And i would think not the owner of helium network.my uess would be, if you have a gateway youneed to make poc Challenges to other nodes and neeed to pay for that - ponzi sheme...

[@AndreasSpiess]

These miner hotspots generate "money" (HNT) which is distributed: 35% to the owners of the helium company and 40% to the gateway owners...

[@Joachim_S]

thanks for your great videos. I wish you a nice and healthy time.

[@AndreasSpiess]

You are welcome!

[@objection_your_honor]

This is also a very efficient way of kissing your money goodbye.

[@AndreasSpiess]

We will see who wins and who loses

[@assistivecare9580]

HNT is not Bitcoin and we should be clearer with that part of the transactions. One problem for me is that it is another silio network and I wish for less interference and that we could have sensor edge nodes run across multiple networks. Also it doesn't sound a very accessible network either as there is little incentive in this model to connect rural or users lacking resources. Blockchain offers a huge potential to help even the biggest rivals cooperate in the same network but then also sadly as well it looks like it can equally be used to take the trust away that users have with other vendors or even with other users in their communities of application!

[@AndreasSpiess]

I agree: Blockchain is a wonderful tool if competitors have to work together. Probably the only working. But here we are talking about a homogeneous network. No competition problem to solve. The reward could be shared with a simple database. If anything would be here to share.

[@kollerjoel7759]

Hallo Andreas, sehr gutes Video über das Hnt Netzwerk. Wie auch du, lebe ich in der schönen Schweiz. Denkst du aber nicht auch, dass das Schweizer hmt Netzwerk noch viel zu klein für eine Rentabilität ist?

[@Seff2]

Video überhaupt bis zum Ende geschaut?

[@AndreasSpiess]

Wie Seff2 schreibt würde ich mir den Schluss nochmals ansehen. Anyway: Offenbar sind schon 300‘000 Hotspots bestellt. Wenn du deinen bekommst wird es sicher schon mehr in der Schweiz haben.

[@auxz2jz158]

Can you do an updated video on a DIY lower Gateway

[@AndreasSpiess]

What is a Lower Gateway?

[@PresidenteHollanda]

Take one big note, the more Hotspots are online, the more the rewards per day have to be divided among all owners. HNT supply is limited and the percentage of rewards also goes down over time. Also in August a halving is going to happen ... HS counter is now on 48.4K en the deployment count is going parabolic ... rewards per Hotspot decrease around at this moment with 1.5%. So today you make 10 ... tomorrow 9.85 .. or a little less depending on the rate of deployments. Also a majority of Hotspots is not owned by a person, but a big distributor of devices with the name Emrit. You place one Hotspot at your home, it will mine for you ... but 80% of the rewards go to Emrit .. so more and more it indeed begins to look like a ponzy scheme .. so watch out the guys at the top (Emrit) is harvesting almost 80% rewards with over 27K of Hotspots ... maybe Emrit is owned by the Helium organisation itself? .. makes you think

[@PresidenteHollanda]

BTW search for "HIP 20: HNT Max Supply", here is the whole rewards schedule printed out

[@AndreasSpiess]

I do not think too much about Helium. I made this video to warn my subscribers and that's it...

[@zzzetww4968]

Yes the halving is gonna happen, but the halving will effect the price of Helium, it will go up maybe double or even more, that's just basic tokenomics, Bitcoin is so valuable because of this halving and limited supply. So its not a bad thing. And the HNT will not be divided amongst every Hotspot user, only those ones who really are witnessing and are creating more coverage are going to earn good amounts of HNT, Hotspots in cities with plenty of miners won't make that much, the Hotspots needs to be optimal placed.

[@dreek11]

Loved it, we will miss you! 😪

[@AndreasSpiess]

No worries ;-)

[@julianob.a.6365]

I don't know about geting rich instaling hotspots. But yes, you can became a rich person buying HNT at Binance or another one. I believe Helium is the next rocket of the crypto market.

[@AndreasSpiess]

Look at many other cryptos. There is a big fluctuation. For the moment, HNT lost much more than Ethereum or bitcoin...

[@CowMowTV]

4:06 „Only in areas without 4G coverage“ Isn‘t there full 4G coverage in Swiss?

[@AndreasSpiess]

In Switzerland: Yes. But on a global basis for sure no. Particularly where big agriculture takes place. This is why LoRa is often used there.