Don't miss the REAL opportunity in Helium!

[@RFShop]

Your optimism is contagious Nik. Keep it going !!!

[@thegristleking]

Faced with an opportunity this size, I can't contain it. :). Thank you for your help along the way, always rad to be surrounded by like-minded folks.

[@montymartin]

Absolutely respect and applaud your commitment to what you do, your knowledge and drive to adapt. That said this is called the People’s network and the network needs to find a way to continue to take care of the people that built it, it’s that simple. I may or may not know what I’m talking about but I’d venture to guess that over 99% of the people running miners at home got into it for the plug and play passive income with a quick ROI and I towards steady passive income overtime. What you talking about will appeal to very few people as most people who are running these miners at home already have other life paths and are not going to switch their careers to installing sensors in remote places or farms and committing to deeper financial investments. If their rewards get too low to actively care about maintaining and monitoring the Network, then it seems the network itself will fail as people go off-line. I very much hope, especially after someone who’s waited for nine months for my hotspot to show up and I’ve only been running for three weeks, that the network finds a way to continue to keep some decent baseline level of reward going out to everyone keeping the network plugged in. You’re awesome and I appreciate the work you do. I’m just over here realizing that this gold rush has gotten to that classic point where the only people who seem to be making real money still are those selling the shovels at high cost. All I can do at this point is go along for the ride and Hope new use cases pop up to keep HNT values at levels to keep us all interested. Again, seriously respect what you’re trying to do and the fact that you telling people The real deal and showing ways that they can stay involved and potentially be some of the few that make really good money off this in the future by adapting to these changes and committing to it. I just worry that the majority of people involved aren’t willing to do this and I hope that balance is found somehow so that your path can work out for you and still keep the rest of us involved.

[@dangerousideas5356]

i was thinking similar things, fam.

[@thegristleking]

Right on Monty, and thank you for being polite. Unlikely the network will fail at this point, though possible. The more folks drop offline the greater the rewards will get for those who stay. Likely to hit an equilibrium close to where we are currently. It does sting for those who were banking on fast delivery and steady money, and I get that.

[@PresidenteHollanda]

Spot on what i am already telling for a long time, the majority of people bought a miner for the 'ease of earning money' . They will switch off their miner, as soon income from it has gone down drastically. If i look at the chart of the HNT price, this is also a negative sign that investors are loosing interest .. that is the first sign of weakness. I see the 'King' has responded with 'less miners leave more rewards for the rest', but what if to many miners go off line ... what if 90% of all miners switch off in the near future? There will be only 'lonely wolfs' in the wild, what in the end will be the beginning of the end. If people ask me if it is good to buy a hotspot now, i am honest to say NO it is not anymore due to areas flooded with hotspots and rewards are not as good as advertised. And if we make the transfer to DATA, the penny that you make now, will be a nickle in the future. The light hotspots will speed up things in going down, but that is my opinion. BTW, the price of HNT is on or even below the halving value ... do i have to say more ... trust is slowly draining away of investors ... this is becoming a danger zone for the project.

[@graysgreenroom]

Wow! Monty you have said exactly what I was thinking. I'm in it for the passive income and all I can do is hope that income stays "decent". Not what I expected, but not to shabby for now. If it drops much lower and stays that way then it will be a bust for me. I would just keep plugged in until I make back my investment and then pull out. However, if it climbs back and stays steady at around $25 to $30 per HNT then I stay in for good.

[@mwong8383]

@@graysgreenroom As a matter of fact, the Helium price today (May 26.2022) drop ( - 75% ) to $6.90 from $30 of your expect. Are you still mining ?

[@phobiazzzero4935]

The idiots who mass selling their HNT now are going to kick themselves in the balls, im buying as much as i can now!

[@Zaygatsby31]

Relieving to finally see some positive outlooks on the project. Started mining last august and fell in love with it. I’m not a tech major or professional but learning along the way has been quite an experience. Would love another video on sensor breakdowns, I’m sure I could find areas in my city that could benefit from them

[@mightymicroworlds4566]

I plan to start mining soon, if I brake even in a year that’s cool, but I’m more excited to be part of this project I love this network they are working on.

[@my_carp_life3424]

@@mightymicroworlds4566 no chance with breaking even in a year maybe 5

[@RedAndYellacuddlyFella]

I shared this video on the helium subreddit yesterday to gauge people's reactions to the lack of data transfer rewards and to be honest there was a mixed bag of responses. I feel like when you share these videos with us you're giving us the inside line on what's going on with the project, but some people are so steadfast in their views that they just hear noise when you hit them with some cold hard logic

[@thegristleking]

Thanks for sharing Nick! We all make better decisions with more info, appreciate you spreading the knowledge around. Rock on!

[@david_post_punk]

What will keep hotspot owners to keep their miners running in that case where HNT price will not skyrocket in a long run or at least return to all time high nor the rewards will increase ?

[@thegristleking]

They may not keep running them. There are massively overcrowded areas where we'll most likely see either an unplug or they'll move to places where they provide coverage.

[@david_post_punk]

@@thegristleking what's your take on the HNT price, i see the logic of why it's not going to be next Bitcoin , cuz data must be cheap and DC price is fixed, but what would be equilibrium price of HNT in the long run? Will it ever return to all time high ?

[@thegristleking]

@@david_post_punk Unknown. My guess is we'll see 'em skyrocket if the crypto market goes up OR Network utility grows enough that we can decouple value. I'ma hold.

[@geoffreylimcowealthadvisory]

This is where companies that run partnership programs and scale their mining up shines. We invested in a bulk and install at locations at absolutely no cost to the home owners

[@henryflores7492]

@@geoffreylimcowealthadvisory ?

[@MatthewMarcus]

Real talk! Thanks for your honest and genuine assessment, GK. I've been thinking about this for a while now. I'm VERY excited to apply my startup experience to creating an IoT / Helium biz for this $1T+ growing industry. Just need to figure out the right idea!

[@thegristleking]

Heck yeah, it's a wide open space, get out there and crush!

[@nortnbird]

Incredible much needed video!!! The Gristle Crue calls are so inspiring too, such a great group of people.

[@thegristleking]

Thanks, always good to have you on there!

[@nortnbird]

@@thegristleking LET"S GO CRUE!!!!!

[@benjaminstembridge4202]

Where can I find in stock sensors, (door sensor & room sensor like tektelic that does temp, humidity, etc.)? And what dashboard do you recommend to bring it all together? I see "DataCake" dashboard but they are out of Germany. Trying to get that first HNT sensor exposure.

[@thegristleking]

Right on Ben! I'd start with an LHT65 just for ease and to get a little exposure, then figure out a use case from there. gristleking.com/so-how-do-you-use-the-helium-network/

[@keithrettig5854]

I think the phrase everyone should be using now (and in line with the point of this video) is that we can now 'help our customer increase their situational awareness of their business'. Data from the sensors summarized correctly increases situational awareness. Increased situational awareness means your customer can run their business better.

[@thegristleking]

Exactly!

[@SMOKLM]

Great information, as always from the Helium King!

[@thegristleking]

Holla!

[@lcx1992]

you dont have to delete any content and please forget about your 1 meter cable and all your set up. Learn from this king here: kzbin.info/www/bejne/hIi1eYqAgM9_ibc

[@thegristleking]

@Caran I don't think there'll be a "great unplug", nor do I think a snowball will start to roll. The earning pressure as Hotspots go offline will rise and we'll maintain a healthy amount of Hotspots on the Network.

[@414730]

At the current rate of $12.58 for 1 hnt, I'd say it's cheaper to buy stock, it's been in decline for awhile now but hopefully it'll turn around soon

[@thegristleking]

That would definitely be the lowest lift play on this. Always good to fit in where ya can, rock on!

[@PresidenteHollanda]

If you reflect the BTC price on the HNT price, the project support by investors is about 50% lower then it should be ... so HNT on itself is what we call 'detaching' the trend by lagging so far behind. Investors are not willing to support or pay the price, so it shows the project is overpriced according the investors.

[@Phone_Geek]

BTC is bouncing off the 100ema at mo, and SPY off the 0.236 fib level. With the mid-terms coming, you tend to find these things combined mean S&P will get all time highs with 6 months. BTC will follow and other bitcoin will, hard to say if HNT will. Certainly though, I'd suggest holding onto them

[@asicengineer]

In the long run, the value of the network HAS to come from data flowing through the network. That is it's purpose and must pay the cost. Switching to deploying sensors may or may not make money, but that is a different business and did not require your involvement in deploying hotspots.

[@thegristleking]

We probably agree in general, though I think short term it'll be more profitable to figure how to use the network. Long term if the data starts to really charge through we're going to see a very different HNT price than today.

[@UGISPRO]

Thanks for your reply. I know but constantly people asking for this. Would be good to take additional video regards this.

[@dylanbyrne955]

Lots of farms in the area outside of the city I’m in. What are the advantages to farmers in having this data? I want to maybe buy some sensors and then promote to them but don’t know that it’s a super needed thing for them like how are they currently trying to estimate the soil quality and humidity etc for their crops? By going out and feeling the soul every day? Or are they losing crops because they don’t know?

[@thegristleking]

Hi Dylan, I'd recommend going and talking to them to see where you can save them labor or fertilizer. Those are *usually* two of the top line items on the expense side. This is really a move into figuring out what the problems are, then determining if the tool we have (Helium) can solve them.

[@owlsy1971]

@@thegristleking lorawan works without helium you can deploy these sensors as a stand alone why would i need helium to install on a farm

[@thegristleking]

@@owlsy1971 you don't need it. It's a great option for many people, but as you've noted, LoRaWAN works without Helium. Totally up to the deployer/user to figure out what works best for them. In many cases, Helium provides coverage at a location already as well as a large and supportive community.

[@marciofduarte9808]

Translated by Google Congratulations on this excellent material. In fact, I've seen previous material where you warn about reward reductions. Thank you for that! Unfortunately, those who just wanted passive income with their HS's will take longer to recoup their investment. And others like me who have waited nearly a year to receive their AU915 Bobcats will take even longer. The good news is that here in Brazil, IoT is a baby that has just been born, so the market is open to anyone who wants to undertake and the infrastructure of Rede do Povo has already evolved a lot here as well.

[@thegristleking]

Thanks you Marcio, glad this was useful, sorry to hear about the wait. Love your enthusiasm for IoT in Brazil!

[@romand1636]

You say that the reward for PoC will be lower due to the increase in the number of miners. But what's the point now to buy a miner with ROI 1 year or more. Most people who have 1 miner wanted to increase their number, but only because the ROI was 3-4 months ... Now with such a price for HNT and a decrease in rewards for PoC, I think the number of new miners will decrease.Also, given the fact that people install miners in places for which you need to pay some money to the owner of the building, to pay for the Internet, electricity ... ROI will be very large. I'm not talking about the possibility of using sensors, this area can be developed and earn on it, but I do not think that in a big city, with constant access to the Internet, there will be a need for LoRa sensors. If I'm wrong, it would be good if you made more videos about the possibilities of using sensors, especially in the city. Thank you.

[@thegristleking]

Excellent point Roman! I think we'll see deployments start slowing down and probably increasing in "quality", and by that I mean providing coverage for actual usage. It will be a rocky transition time for those who wanted a 3-4 month ROI.

[@shockwave2740]

@@thegristleking You are a holder of one of the few holders of hnt security tokens, getting 30% of the monthly rewards. I understand you have made all your big money already. Others have not. The transition from POC earning to data credits may need to be moved more slowly to continue to incetivize the onboarding new hotspots in rural areas. Less rewards will slow coverage growth. If you care about the network growth maybe introduce a H.I.P. that will cut security token rewards in half and redistribute them to the "people" out here growing the network. It could be that the sooner we can get rid of SECURITY TOKEN DISTRIBUTIONS the sooner we can get more decectralized and listed on Coinbase and CREATE MORE DEMAND and have less ambiguity about it status as a security. Then we all make money again.

[@thegristleking]

@@shockwave2740 except your premise is incorrect: I don't own any HNT security tokens. I mean, you can write that HIP if you want and see if you can get it to pass. This idea that the Network was built for people to make money on just for being there is incorrect. It worked in the early days, but it's not the reason the Network exists. It exists to be used. That's where you should direct your energy.

[@parzival554]

Great energy! I feel the same way. Trying to navigate my way into the IoT business realm of the future! Thanks.

[@thegristleking]

Gotta bring that heat! Thanks mug, ch-ch-ch-charge!

[@parzival554]

@@thegristleking keep a look out. Joining the discord/crue soon. Need to soak up what your community has been doing!

[@adrielperciliano1.082]

I believe in the people's network greetings from Brazil ✌🏾

[@thegristleking]

Olá! :)

[@marcoarancibia5756]

Perhaps some hotspots will start disconnecting due to the transition from PoC to Data Credits; mostly would be people splitting earnings with the location's owner, i.e., the rewards would be so low that it wouldn't be a business for them. If I am wrong, please let me know.

[@thegristleking]

Maybe. It's not like there's a formal transition from one to the other.

[@shockwave2740]

Can you comment on the need for further decentralization to increase exposure to Centralized Exchanges?

[@thegristleking]

I'd say that's outside my wheelhouse, sorry I can't help ya there.

[@robertrutter2084]

I work in the oil and gas industry and we use alot of sensors to monitor tank levels, oil levels h2s levels in the air pressure levels etc.. There are alot of areas in Pennsylvania Ohio West Virginia that do not have great cell service and these sensors are un reliable or faulty/inaccurate do you have any advice on how I could start using helium to achive a business that help with tracking data and monitoring data in the field for things like this. Iv been thinking of it for awhile but am not an IoT engineer I'm just interested and intrigued in it with limited time and resources to really figure something out. ( due to working in this field .. any information or ideas would be awesome

[@thegristleking]

Robert, love it! I'll work with some clients to put together a list. It usually comes down to identifying a specific problem, then finding the sensor to solve that problem.

[@robertrutter2084]

@@thegristleking awesome I really appreciate that.. look foward to hearing anything!!!

[@paraglidingtalk]

Great information. I didn't know about the changes. Should have looked at the white papers. 😅

[@thegristleking]

You're a busy dude, Robert Michiels. Let's get that miner of yours mounted on that free ham radio tower!

[@dylanwilkes]

Great video! Thank you for posting this

[@DrP710]

Love seeing what your doing with lora sensors I have a few local applications I can think of, I can't find ur previous videos ur referring to when talking about onboarding the sensors. Where's good to find out more info thank you 😊

[@thegristleking]

Start here: gristleking.com/so-how-do-you-use-the-helium-network/

[@DrP710]

@@thegristleking thanks for the reply that's exactly what I was looking for !

[@guillermocespedes6231]

Thank you so much for this video, this is what hotspot owners really need to hear and understand. Helium is by far the best IoT crypto-based business and of course it will face difficulties on it's way, but the whitepaper doesn't lie and there is a real top team behind the scenes, people just get crazy about making money and last year was the hotspot year, later on will be the hardware year and so it will go on.

[@shanechutes4667]

Really appreciate the info, I would like to learn more about getting into the helium network rather than just mining. I have 4 miners, only 1 set up yet and not working properly and 3 more sitting at home brand new in boxes. Just need days off to set them up because I work out of town a lot.

[@thegristleking]

Right on, step at a time. If you can set them up where they provide useful coverage you'll be best off in the long haul. For sensors, just start slow and basic, then build from there.

[@ovegarcia7209]

Data credits are all the rewards that will be available in 20 years, that’s what helium stated on their website, or am I wrong?

[@thegristleking]

Only if the network is successful in transferring massive amounts of data, but yes, eventually.

[@MrPDSI]

From my understanding the Heliuem stack is something like this, bottom -> up: Lora -> Lorawan framework -> Helium blockchain ... Am I correct? If so, anyone knows what is the NetID that Helium devices are using to communicate on the LoRA network?

[@thegristleking]

Has its own, dig in here: github.com/helium/HIP/blob/main/0046-lorawan-netid-routing.md

[@bigsky33]

I just wish we still beaconed like 2 months ago. Im in fringe areas where theres maybe 15 hotspots max. We go 3 or 4 days between someone sending a beacon but provide more coverage than the average hotspot for nothing

[@thegristleking]

Hi Austin, that's a pretty fair request, though I'm not sure of a good solution. If you've got something in mind you should definitely propose a HIP!

[@bigsky33]

@@thegristleking hoping the update will work and they can move intervals back where they had them around end of january. Everyone seemed alot happier on the discord back then.

[@netlite8098]

Hi Guys, I just found you here, and seems to be interesting. I have bought my first miner when it was just 4.500 units deployed. I' am thankful for the Helium for the opportunity what gave to me. At that time one single miner did 30HNT per day or more if you were choosen by the consensus group... Than I left the project and built a network with another IoT project, but few months before i have come to Helium again with 100 RAK deployed miners. This time I plan to go deeply in the metter so if you have any group or what so ever, where we may discuss about sensors and other possibilities it would be nice. My short term plan is to deploy 100 more... So lets change our experiences if anyone open for it. Wishing you all the best. Regards, Tibor

[@thegristleking]

Right on, come on and join the Crüe here: grstl.ink/crue

[@PhatStax]

Amazing video and we are with you! Do you have any recommendations for best sensors you’ve tried? Also a guide on how to purchase coverage from helium to setup an IOT network to support local business?

[@AkosLukacs42]

"just" deploy a hotspot where you want coverage, and go to helium console and helium docs (can't put links in comments). Just follow the guide, pretty straight forward

[@PhatStax]

@@AkosLukacs42 ok thanks

[@thegristleking]

Hi Zully, right on! I'd start here with sensors, just to get a feel for things: gristleking.com/so-how-do-you-use-the-helium-network/

[@alexandrucristianpetrisor7868]

Hi! I am considerent buying a bobcat 300, I live in Europe and I do not know if because I have just 1 other miner in my city (according to the helium hotspot map) it’s worth the investment. Just looking for some passive income, I would be happy to make 1 HNT/day. I have a couple hundred miners about 30 miles away. I honestly spent like 10 hours looking into Helium mining but did not get the necessary info, not even to way one way or another. All I read is that it’s still profitable under certain conditions. Can you guys please provide some insight?

[@thegristleking]

Global average is .1 HNT/day, you'll probably be near that, not 1 HNT day. I'm not saying you *can't* make 1 HNT a day, but it's very unlikely in the situation you're describing.

[@odaydrums]

Which video do you have that addressed sensors?

[@thegristleking]

I've got a few blogs posts on gristleking.com, here's a recent video about the fountain project that's in the works. kzbin.info/www/bejne/noS3pWOggJhoi5Y

[@odaydrums]

@@thegristleking thanks 👍

[@hectorc-05]

Long Rat The King ! .... yet again, another much see and listen, very well done video! ... sitting on a plastic bucket of course :) keep them coming! cheers

[@thegristleking]

Thanks Hector, always good to see you on here!

[@creedrocknroll]

It's a nice concept and I like your videos GK, but if miners are still trying to earn back the expenses on their upgraded antennas, roof mounting costs, LMR cables and the actual hotspot itself then the well might be dry for this new type of venture. Hotspot owners are the IaaS providers, if the earnings from their efforts are too low, their vested interest in the project will decay as will coverage. HNT needs more utility, aside from staking, that hotspot owners AND hosts can participate in that doesn't add additional cost to their bottom line.

[@thegristleking]

Yep, the next phase will definitely be harder than putting up Hotspots. The race for utility is on, and the prizes will be staggering.

[@dionisisch]

Nice video! Make us feel a bit better.. wish more and more sensors will use our network and make it useful and give it a good reason to exist and keep going. I am from Athens Greece and I was also wondering how i can get involved more and use the network (promote in a way to other people or companies to use it.. can you please give examples where and how to use it in big cities?

[@thegristleking]

Tracking local delivery trucks, parking sensors, people counters, local air quality...find out wht your local government needs, then use Helium to build the solution.

[@buffaloBRAVE]

I'm always ready to learn something new and deploying sensors might be fun and maybe even profitable but if I'm limited farms and rural areas then I'm probably out. Hopefully there will be use cases in urban areas

[@thegristleking]

Definitely use cases in urban areas. Think about how a city could use information like how many parking spaces are being used, or how much traffic is passing on a street, or what the use of a local park is. Imagination is the limitation. Rock on!

[@buffaloBRAVE]

@@thegristleking thanks for the quick reply and keep up the great work!

[@gmthomas12345]

Thanks for this video and your openness and honesty about what is the best way to make money using the Helium network. This makes sense to me. What I am missing however, is why use the Helium network as opposed to setting up individual LORAWAN networks at each site (e.g., each farm). Does using a Helium-base LORA make the implementation easier / faster somehow? Or is it that Helium is more widespread and so an entrepreneur can take advantage of that?

[@thegristleking]

You could totally use your own network on a site. The general idea (as I understand it) is that a user on a farm may already have coverage from nearby Hotspots, so could avoid having to buy & setup gateways, or they can earn a little HNT in addition to having a net zero on the data credits if their Hotspot processes the data.

[@krillnukem892]

@@thegristleking woah

[@UGISPRO]

Its mega important now in all helium world! Can you please make a video about helium wallet - many people have the same questions. Evryone is asking that after they was staking some helium they have quite substention amount of money in some DAO wallet. All of them is concern can they cash this up and how? If they can not cash it up, then what to do with that?

[@thegristleking]

Should be pretty straightforward. Unstake whatever you had staked, then wait for the cool down period (which can be 6 months in many cases), then you can do whatever you want with your tokens.

[@geoffreylimcowealthadvisory]

I would believe if Helium can convince most IoT companies to stop working on infrastructure and just work on building Helium compatible products i believe it would be amazing. It would justify Helium reliance on normal internet network. And telco partnerships are incredibly important which I will be working towards in my singapore side. In future hotspot itself probably would not make money but if you operate console as a service and resell solutions from builders to other people it might work.

[@geoffreylimcowealthadvisory]

I do not know there are such grants out there how do I reach out to them?

[@thegristleking]

Hi Geoffrey, you've got the right idea. The Helium Foundation runs the grants program, here's a video I did on it: kzbin.info/www/bejne/rai1g2qLqb9gjdk

[@itssziki-g5511]

Do you think deploying hotspots isn’t the way to go from now on? (To make a profit) I am 19 learning computer engineering and was planning to invest all my money in hotspots.

[@moorepower13]

Never use the word "all" when it comes to ANY investment.

[@thegristleking]

If you're in computer engineering, learn how to use or benefit the network. For now, don't worry about deploying coverage unless it ain't there and it should be.

[@overlord4509]

A video worth sharing. Could you cover some low cost sensors that we can play with without spending a lot.

[@thegristleking]

Sure, I'd start with an LHT65. Here's how to get it going: gristleking.com/so-how-do-you-use-the-helium-network/

[@sidburn2385]

I wanna start Skynet. The industry should put up the sensors and pay us. If there is no profit why should I invest. Id rather grab a bag of HNT and sell ATH.

[@TheFalkingFive]

i honestly dont understand why this would be become this profitably in the future. ok i can talk to businesses who can profit from using helium-connected sensors - but as we know - they are not paying a lot for using these. even when these data transfers are running over my hotspots - i just would get some pennies for this. so where is the great business opportunity here? i installed my first hotspot in november - and because it was making me 120€ a month i decided to buy 13 more. i talked to my family and friends if i can deplay at their houses and i have 9 locations for these miners already. but in the meantime my miner makes 20-30€ a month. so when i give the hosts 30% of the profits - we are talking about 10-20€ per miner (price of 12€ per hnt) - my investment was 8500€ and i expect to get 130-200€ per month if the price stays there. ROI in 5-7 years possible.

[@thegristleking]

Yep, you can totally continue with that plan and break even in years. Remember, the true value of the Network is in the coverage provided. Businesses using coverage to improve their bottom line will pay far more than just the data credits used for someone else to manage the complexities.

[@ThomasEricWendt]

love the vids. thanks for the info. Here's a vid idea - and what i need the most help with - Instead of teaching the hotspot OWNER...make a video directed towards the hotspot HOST. Something 5 minutes long that will help me convince them this isn't bitcoin mining or illegal :) also talk about what you should be paying these people long-term for use of their location. "My husband just doesn't have the time to learn what this is about" or that there is some inherent risk to the security of their location if they host are a couple of rejection statements i've gotten.

[@thegristleking]

Great idea Tom, added to the list. Thank you!

[@mikehall2611]

Would it be possible to stream a live video feed on Helium?

[@thegristleking]

Are you asking if you could use LoRa to stream live video? Nope.

[@mikehall2611]

Thanks Nick! What about sending low res black and white images every 30-60 seconds?

[@Umut-nn3hr]

@@mikehall2611 you should look into IoT lorawan capabilities. They don't differ much from the helium network (The things Network for example). If you want to send larger stuff you have to wait for the 5g miners that provide actual internet access

[@thegristleking]

@@mikehall2611 I don't think so. LoRa is more for sending really small pieces of data, like "yes/no" or 10 digit grid coordinates or temperature. "Data packets sent via LongFi are usually between 5 and 20 kbits per second." Check this link out for more: www.data-alliance.net/blog/longfi-wireless-technology-of-the-helium-network/

[@mikehall2611]

Many thanks for the info 🙌

[@mightymicroworlds4566]

Thanks man, I’m thinking of jumping in, I don’t mind making less earnings I’m more amped to just help build this network, I see so many applications for this in the future for one lowers tower traffic and in the near future we will need that extra data stream, with Augmented reality devices that will come in the near future

[@thegristleking]

Right on, it's a fun project that exposes you to a ton of the geeky underside of wireless communictions.

[@helmutp6068]

Nik, good vid! But at the end of the day every future business using the network does need the network itself. And if the hotspot owners will not get a certain reward for running a hotspot, there is a big risk that the network is dying out. Nobody will run hotspots near for free and other doing big business with using it! That never will be happening!

[@thegristleking]

Businesses already run gateways for free on other networks. The HNT was always only a bonus. The real value is in the coverage provided; a business needing coverage is going to use a gateway. Someone in densely crowded city with 20 too many Hotspots in their res 8 hex will probably turn it off, but that Hotspot was never a real benefit to the Network.

[@helmutp6068]

@@thegristleking that there are networks running hotspots for free, doesn’t make the situation better with Helium. As you may agree the most Helium hotspots were bought and installed because the people expected relatively high earnings with running the hotspot. They are not really interested in building an IoT network as they don’t understand in general. They only want to earn (max) money on running a hotspot. And if they won’t see this earnings they are more and more calling it a scam on Facebook groups or elsewhere. And that’s bad for Helium. And I hardly believe the most will switch off hotspots if they won’t earn at certain amount of money. Especially if they will recognise that there are others building big businesses with their hotspots, which running near for free. In my opinion it’s hard on time to get an official committee which represents Helium hotspot owners!

[@georgecook6279]

@@helmutp6068 Sadly agree. IMHO the vast majority of hotspot owners were looking for passive income, not additional jobs that will require lots of additional time, education and the ability to be a ground level business building entropeneur that has to deal with the public. If the pricing for data credits is not enough to justify operating a hotspot this project is in big trouble.

[@thegristleking]

@@helmutp6068 I think this is your best point; people will call it a scam because they don't understand it. That's bad press for Helium, for sure, and part of why I made this video.

[@michaeld4502]

I've got a Freedom Fi and sensecap.... Bought Glamos and bunch of antennas and mounts and coax....spent $3000.00.... been using since January have 21.32 HNT. Worth $180-201.00 ..... I'm 65 was looking for passive income like alot of people.... I live in North Phoenix next to mountain so had to use Yagi to get my earnings up..... I'm wondering should I buy IOT and play or turn them off and wait it out.... I'm a technician buy trade.... So this looks like is going to be like Ham Radio in early packet days from Tucson packet group..... Most will sell if they were in it for money the hard core will drive it but with supply chain issues....this could kill the network..... Does my thinking have any merit????

[@stevenjohnston9787]

Hi Nik, what type of sensors do you recommend someone would start off with? Also, you blocked me on Twitter when right after we had been DMing and now I can't follow you on there anymore.

[@thegristleking]

Hi Steven, I'd start with an LHT65 just to get practice connecting it in. Not sure why you're blocked on Twitter. Either an accident or a good reason. ;) Let me know your Twitter handle and I'll take a look.

[@joebrown8883]

Thanks bro we needed this

[@thegristleking]

It's rock 'n roll time, just here to remind people what direction to roll. Thank you!

[@Treadmillvirturalhikes]

04:00 talks about real world scenerioes

[@adamjames5281]

Is poc going away?

[@thegristleking]

Nope, but the earnings will continue to decline solely for providing coverage as the Network grows and splits rewards amongst more and more people.

[@lordbacon4972]

Why would anyone use Helium network to gather IoT data when Starlink is bringing high speed internet everywhere? It's like riding a tricycle vs driving a car.

[@thegristleking]

Cost, milord. ;) Data credits are ch-ch-ch-cheap.

[@yuvenmmvi]

I'm going to regret not doing this In a year or so

[@nitestalker3573]

Hello from Boise, Idaho

[@thegristleking]

Hey-o! Boy-cee, not Boy-zee. :)

[@tornike8593]

how to make hair like u ?

[@thegristleking]

So much time was put into that hair. ;)

[@blackpoolpaparazzi]

Nice one Nick

[@thegristleking]

Thanks Patrick! Opportunities to learn and grow, gotta love that!

[@yourhomebiz]

real points , People - Don't buy another miner unless you deploy an IoT structured business . 75k - 80k purchases per month globally should stop , only the guy who sells the shovel to the gold rush is making money when the gold is gone. The peoples network will fall apart when there are no mining rewards. when everyone unplugs ? ghost towns

[@thegristleking]

Unlikely to see "everyone" unplug. Keep in mind that the pressure will increase to deploy as/if more people disconnect.

[@frankb7645]

Will this network ever become self-sustained, without relying on external ISPs for connectivity? If not, I think if it becomes used widely, the big ISPs will blacklist the devices. Right now they probably look at HNT hotspots as cute little meaningless competition, but when it starts to hurt their profit margins, they will do everything in their $billions-war-chest power to shit it down. Same thing taxi company lobbyists tried to do to Uber/Lyft, but in that case, Uber and Lyft didn’t depend on the existing taxi company infrastructure to work. ISPs could easily find a way to flip a switch and shut down hotspot access to the internet.

[@thegristleking]

It's a good question, and I don't have an answer.

[@gsentinel7948]

I think it would take a lawyer to address your concern. Contractually, do we have a right to use our data in a non-criminal way? The ISPs haven't stopped all manner of extremely expensive hacking ventures. If they can't/haven't done that, what makes us think they could stop Helium? There are devices that can block your ISP from harvesting data they habitually do now. Who's to say someone wouldn't come up with a technical solution circumventing any intervention they'd attempt?

[@swing_trades_setups]

Thanks for the content. This doesn't sound very exciting as an investment opportunity. I will definitely put my hard earned money to work somewhere else. Probably doesn't bode very well for HNT and may be the reason it has been underperforming when compared to Bitcoin.

[@thegristleking]

The work ahead ain't in the same league as the easy money of the early deployment days. It will be giant, complicated, and difficult. With that said, there is no other blockchain with an actual application at this scale in the real world. I'm not anywhere near to writing off Helium. We coasted through the gravy, we're going to have to get gristly before we hit the meat. ;)

[@swing_trades_setups]

@@thegristleking I can tell that this is your passion, so follow it. If you follow your passions in life you will be successful. For me, investments are mine, so I am going to follow it. Two years is a long time to hope that this navigates thru a complicated path including customers interested in utilizing the network. A manager once told me that things you do for free are called hobbies.

[@stevetotaro3219]

The obvious flaw to your vision is that all the hotspots disappear when they aren't profitable anymore. Maybe people will leave them plugged in but they won't fix them as they start reaching their meantime between failure.

[@thegristleking]

As people start turning off miners, the incentive pressure for everyone else to keep theirs on goes up. The opportunity is in using the network, not in deploying miners for PoC rewards.

[@stevetotaro3219]

@@thegristleking Now you're contradicting yourself, you correctly said PoC is going away and data credits aren't sufficient. Then you say PoC rewards will encourage people to leave their miners on and repair them when they fail. You can't have it both ways.

[@stevetotaro3219]

@@thegristleking Also, you don't need helium/nova to build and implement lora solutions. They're a unnecessary middle man if you're deploying your own access points and sensors.

[@gsentinel7948]

@@stevetotaro3219 My memory could be off, but I seem to recall hearing talk on an episode of The Hotspot that there will always be some level of PoC rewards to prevent the very thing you're talking about, but the current percentage will be transitioned down as more Data comes online. Also, consider that replacement devices will in all likelihood be the lower price point "light" hotspots. To hear Sorin talk about it on his interview with Nik, there's not a component related reason the price on those couldn't eventually be $20-30 (though my guess is that would be years down the line, if it happens at all).

[@stevetotaro3219]

@@gsentinel7948 I guess if it keeps halving every couple years, it will never go to zero but pretty damn close. As for data, Nik is correct, you would have to be passing insane amounts of data to make any money. The whole point is the data is cheap. A few sensors from your neighbor's weather station isn't even going to pay for electricity. As for super inexpensive hot spots, the lora concentrator alone costs $100 so even if there was a cheap board to use it with, it's still going to cost ~$150

[@car.gems.]

I'm sorry to say this. But 99% of the people that got into helium, is because of rewards/money. Without this "money", they will shut the miner off and along with it, the network.

[@thegristleking]

I agree with you why 99% of people got into it. I don't agree that 99% will shut off their miners. The incentives with only 8k miners on the network are far too powerful for that.

[@stuartibbotson7179]

really interesting thanks for the video

[@thegristleking]

You're welcome Stuart!

[@jivotamiepopfolk1]

Certainly people will turn off the devices when the rewards are less than the payments for running a device (paying internet/paying to an owner for his roof/fixing broken components like antenna/poe/enclosures and so on). The Helium team can't just use the people to spread their network. It should be profitable for both parties to work on. Nobody expect big profit now but if that average daily reward of 0,1 HNT continue dropping with the same speed(or faster even) as in last 6 months then supporting the network will be completely voluntarily. And for using the network.. I work in a pharmaceutical comapny manufacturing drugs and delivering em to hospitals in special temperature contorlled boxes. I understand nothing from using IoT (for now) but I believe this field could be explored further and montiroing/gps sensors could be developed and used. Such an use case sounds very helpful to me. P.S. Great video from the King :) Let us all hope the update will run smooth and the best is yet to come for the network and for us, the people who build it.

[@thegristleking]

Hi Radostin, agree that people are likely to turn off when costs exceeds generated income; that makes sense. I don't think the avg daily reward will drop as fast as it has in the past; the Network can't maintain the expansion speed relative to its size. Totally agree re. exploring use cases in your company; that's the exciting future!

[@RedDragonProtection]

Subbed.

[@thegristleking]

Right on, welcome Eric!

[@lcx1992]

1. grabbed some bargains of denylisted miners. 2. keep sending data to the cluster with DIY data only miner, sorted.

[@MajesticBlueFalcon]

Where can i find more info on those 2 points you mentioned? I'm very interested

[@lcx1992]

@@MajesticBlueFalcon fyi it won’t make you rich but this is currently the best way to make some money with listed miners.

[@MajesticBlueFalcon]

@@lcx1992 thanks for replying. Where can I find more information on those topics?

[@lcx1992]

@@MajesticBlueFalcon I don’t know. I share this in my own group and I don’t wanna mess up here

[@mrJoker4235]

More profitable than a restaurant huh? Sounds like a plan.

[@marc-andredaoust5969]

its over. nobody want to install fancy sensor and ask for business.

[@thegristleking]

If you're sure... ;)

[@williamhatton5198]

5G coming bro, everyone understands and can get behind and use that. LoRa is a lot more niche.

[@thegristleking]

@@williamhatton5198 yep, lots of opportunities all 'round.

[@markverde8666]

Cmon GK don’t use ROI like that. You’re killing me. ROI is not break even nor a verb

[@thegristleking]

Shouldn't you put a period at the end of your sentence? ;)

[@harveykrinkle]

@@thegristleking Savage.

[@markverde8666]

@@thegristleking you got me. I’m not hating.Just a pet peeve. Haha. My goal is to rid the heliumverse of the misused term ROI. You’re killing me as an accountant , I’m not the grammar police. if you stop using it everyone will follow. I appreciate that helium explorer doesn’t use that term. They made one up I guess. First time hearing of ahr or whatever. Appreciate your content brother.

[@thegristleking]

@@markverde8666 sounds like a quixotic quest, amigo. To ROI or not to ROI, that is the question. ;) Although I'm curious now; why would you not use Return On Investment in this context?

[@markverde8666]

@@thegristleking Return on Investment or ROC capital is a metric and a ratio, same as MPG for your car. It's basically return/investment=roi. So you can roi 1% or 1000%. The way it is used would make more sense if it was return OF investment. I think break even or payback period is a better choice of words.

[@benjaminfekete1251]

Light Hotspot Update is just removing challenge creation from hotspots. You are talking nonsense

[@thegristleking]

Hi Benjamin, you should prolly watch the whole video. I'm talking bigger picture here, this has nothing to do with Light Hotspots. :)

[@davidbestard3428]

Subtítulos español 🙏🙏🙏🙏

[@thegristleking]

Los he pedido, aparecerán pronto. ¡Gracias por la sugerencia!

[@prg45]

Just trying to understand something here, what is going to happen to pick in the future? Going to disappear? Or still the same base and on top if the network a more massive data usage? I dont feel discredited by the helium network, but the power of it's usage is it's coverage, when we assume people are going to unplug and that's it, the whole coverage concept gets thinner IMHO. Just to be clear, love the project, and would even like to be able to actively collaborate with the helium team, but I have to admit this video got me confused. (I didn't forget the period at the end of the sentence).

[@thegristleking]

Right on Rui! PoC will continue to be awarded, but as you've seen when the Network grows, those rewards will get smaller and smaller. I don't think we'll see any significant decrease in coverage from people unplugging; there's no incentive to unplug if you're providing useful coverage. What we may see is a lot of people who contributed to overly dense deployments may lose interest.

[@mattdiffey2501]

👍

[@thegristleking]

Right on Matt, sounds like this helped answer the Twitter question. Rock on!

[@pf8143]

HNT is over. A week really..lol

[@allthingselevated4796]

you almost had me as a subscriber...did good ...then you sat on your bucket and asked for me to give you money to be a friend lol...almost but you just had to you to sell me something smh

[@thegristleking]

Sounds like I'm missing out on this one. ;)

[@zoro6094]

$2 per hnt lol

[@thegristleking]

Ain't about the price of the token dawg, it's about using the network.

[@Yusuf.KHyman]

But what is your background? You speak of things like your educated however your speaking to a camera on a bucket come on bro

[@thegristleking]

Yet more proof that anyone can join and use this network. :)

[@thegristleking]

Also, "your" is a possessive. The word you probably meant to use was "you're", which is a contraction of "you" and "are". Oh, and always end your sentences with a period. Just sayin'.

[@Exposed0000_1]

@@thegristleking Is this how you attempt to discredit him, clearly alot of people don't use apostrophe when they type comments. That man questioned you and you resort to childish tactics trying to discredit him. When you have a KZbin channel you should expect some criticism and the way you reacted to it looks like you belittle yourself.

[@Yusuf.KHyman]

Never answered the question though. Seems like you know more about English rather than the nerd stuff as you call it

[@renedevrind1733]

​@@thegristleking That was very demeaning and uncalled for. How many languages can you speak yourself?

[@IAMFOOZY]

Are you still hiring? Just respond to this comment I’ll send my email