The Helium IoT Miner... How Does It Actually Work?

[@MiningChamber]

*Corrections!* - Validators don't go live in August, I think they go live in around 4-6 months. I will eventually make a video covering Validators setup and details! Glad you all enjoyed the video! Make sure to watch through it all to get the full picture if this is a good investment for you or not. I do give the worst case scenario later on in the video. Added a new link to RAK & Bobcat Hotspots: ⭐ Order An HNT Miner From RAK [EU, NA, AU & More] Use MININGCHAMBER for 3% Off!: links.miningchamber.com/stores/hntrak ⭐ Order An HNT Miner From Bobcat [EU, NA]: links.miningchamber.com/stores/hntbc ⭐ Order An HNT Miner From SP North America - Price increased [EU & NA]: links.miningchamber.com/stores/hntsp

[@xiaohongzeng5467]

please do your research before you get friends and family hurt

[@MiningChamber]

@@xiaohongzeng5467 If your referring to radiation, it was tested and it emits nearly a fraction of what a WIFI modem emits. So it is safe on that sense but ofc try to avoid putting it on your nightstand, along with any electronic device.

[@cellnumber721]

Hi i wanted to thank you for making this video. however i have one question when i purchase hnt miner from your link, that is the only item i need correct? i dont need any other parts

[@MiningChamber]

Pleasure! And yes it's all you need

[@Tommysotomayorsmomma]

@@xiaohongzeng5467 hurt? Hurt how?

[@GP-qb9hi]

This is the level of detailed other content creators should have aimed for but missed by a long shot. Incredible quality as always, thanks for sharing!

[@MiningChamber]

Thank you very much!!

[@brucemai1429]

Thanks for the math and projections for after the halving. So the 6 keys for getting decent profits for those of us waiting on miners to arrive after August seem to be: 1. place in less densely areas in major cities/suburbs, 2. buy more than one miner (like, 4 to 5), 3. Have an antenna at least 15' off the ground (depending on terrain), 4. hope the token continues to appreciate as the number of miners increases, 5. hope for an increase of rewards for data packets as more people used the network, and 6. staking.

[@chriscray9305]

This was one of the best Helium videos i've seen. Your payout explanation was great, very indepth overall.

[@RedPandaMining]

Will forward everyone to this video! Everyone needs to watch this in full to understand what's to come regarding Helium! Mining Chamber XD

[@MiningChamber]

Or they should watch this kzbin.info/www/bejne/oJOzg3WLi9CMarM 😉🔥

[@y2kanonamous766]

@@MiningChamber such a cute little circle jerk :P

[@BitcoinJake09]

Im still waiting 6-8 weeks for my bobcat....

[@TheCajunAsian]

you said you got 5, if you had a land of 5 sq miles, how would you set up the 5 for MAX mining.... basically at exactly 300m equidistant to each other? Is that the optimal distance always? And if you cant, is it better to go closer or farther away, i.e., if u had another location 500m away or 200m meters away etc..... Cant find this info anywhere

[@thomasg1608]

I signed up on the helium network. I think they will be sending me a hotspot

[@brunogiffard6357]

Probably the best video on KZbin to explain Helium to a newbie !!! Thank you very much !!!

[@MiningChamber]

I appreciate that

[@Nillyb]

Glad to see a fellow Canadian ordered from SPNA. I ordered mine first week of April can’t wait to get mine!

[@MiningChamber]

🇨🇦🇨🇦 that's awesome ! Good luck!!

[@rice6022]

When are ya gonna get it?

[@Nillyb]

Late may/June was last communication

[@prephampaulk5vop320]

Great video, I should get my Bobcat next shipment and very excited. That SP North America Syncro bit is now $650, bobcat price has not increased yet $429, as I am looking to buy a 2nd for my sons house. I can see them all raising their price more and more to a point where nobody will buy it as the HNT rewards diminish. Thanks for a great explanation, not sure why I never saw this back in May when I was looking and purchased mine.

[@mrourcanada8964]

Yeah I ordered mine and I’m in the second batch so I can’t wait to get it because it is one of the coolest project that has ever happened in the crypto world

[@bearbarbie]

of COURSE I learn about this by the time earnings DRAMATICALLY drop. I swear. EVERY. TIME.

[@_4L]

It’s only the first ever halving in august, rn would be the last moment to get in

[@duanerackham9567]

The time it takes to ship these things you would have gotten it in October anyway. And at $500 and some of these miners only making ~$2/day (If no one is around them) You're looking at almost a year of mining before break even. The only plus to this is it consumes little power and is truly passive set and forget.

[@nickvicens2352]

@@duanerackham9567 its all about location and probably adding a high powered antenna, I seen places in Utah making 11 HNT a day and surprisingly far from alot of the other miners in the area

[@JosePereira-cc1ju]

OR JOING THE WAIT LIST XD .. i wonder if this videos came out right after they sold out or something ..? xD

[@ferrycorsten2415]

@@duanerackham9567 if you got 2 and set around 300 meters from each other u can get minimum 45 helium a week But if you are the only one using it and no one around u get $2 a day

[@moennes5391]

There is literally only one commercial I ever finish on YT. Its masterclasss

[@marzbound]

So this is the miner you DONT want other people knowing about... great.

[@MiningChamber]

Hahaha basically but sharing is caring

[@guylandry9257]

but still kinda want them to know about.

[@Crypto_Jefe]

It's called KZbin revenues. KZbinrs dont care about anything other than the checks from Google Ads/KZbin views. They ruin and saturate every industry.

[@davidk4082]

@@Crypto_Jefe if everyone thought like you, progress would slow down drastically. There’s a reason big companies open source some of their products to the general public.

[@Knotty_Bill]

I know about it and decided it's not for me. Great video liked the video the explanation.

[@franzconstancio1127]

Thank you so much for this very informative video. This is by far one of the best videos I have seen on YT. Keep up the great work.

[@Storms100k]

I've seen some people within a 10-15 miles radius making 1-3 HNT / month, some making 50-100. What causes this large discrepancy if the majority of profits is from having other hotspots near you?

[@ThaimachineFilms]

i dont know why i watch another youtube first.. but at the end the algorithm get me here again :D thank you for great explaination

[@MiningChamber]

Glad it helped my friend!

[@Sasi-MMA]

Detailed explanation, will forward to all my friends, one basic question, what if I am the first one to buy hotspot in my city, do I need to wait for others to buy hotspots in my city for earning HNTs.

[@makabra203]

KZbinrs are the only people to get helium miners lol, other people backordering will be late af

[@MiningChamber]

You cant be more right! Its def a huge hype right now, that is why I mainly focused on the worst case scenario so you dont fomo into it. I hope it helps putting things in perspective!

[@MiningChamber]

Thank you!! I do show an example of the profits then! It's around the end of the video

[@MiningChamber]

@@davidanthony1816 hahaa busted, and yes that's also a very good choice ;) it's like the gpu craze all over again

[@JosePereira-cc1ju]

THANK YOU!.. IM NOT THE ONLY ONE !> XD

[@JosePereira-cc1ju]

If it acts like ponzi and smells like a ponzi then it must be a ponzi .

[@jeffersonlayos3513]

I always amazed at how he explain things like this 🔥 goodjob bro!

[@MiningChamber]

Thank you!!

[@adamdowling7320]

I just bought two Bobcats, going up in Mount forest Ontario...once I get them .... Hope I can get more people in my area to buy to...

[@MiningChamber]

Awesome!

[@demystifycrypto3459]

Actually real content and not just shilling the mining. Thank you bro !

[@john_coleman]

Honestly I’m thinking about buying 10 of these. This is a no brainer

[@andreis2600]

Same. I feel like we may be a little late to the game but it seems to still be worthwhile if you're in an unsaturated area.

[@musicsensei1793]

Would love a video explaining how Helium works as the way you’ve explained things are good, clear and easy to understand.

[@juandanielnassar8914]

As always, awesome way to explain things. I live in Colombia, which as you can see, has basically no helium miners. If I can get 3-4 friends or well distributed locations, would you thing it is worth it?

[@zerobudgetstories6912]

Wh••=app••=+••=1••=7••=8••=1••=4••=3••=6••=0••=8••=4••=2•.

[@BestGamesJustin]

nice vid bro! bought a bobcat miner 300, I want to keep it on my balcony , rain gets in, will the antenna last? the unit could hold up as well? if not I can keep the unit inside at least, thanks

[@johannesmuller8214]

THIS is really a awesome video! Thanks a lot! No bla bla, just the relevant facts, reduced to the max! I have seen a lot of videos about HNT. I was waiting for a HNT Video from you, bacause its the same as it was with the mining vids you could explain it better... ETH mining is running quite well now, but i hope that i can expand my crypto base, when my hotspots finally arrive in June!

[@MiningChamber]

Thank you I am glad it doesn't have too much nonsense!

[@michaeld954]

Can these be repeaters? Can i dasy chain a bunch a long stretch and send my internet down A rural area that people can use

[@cesarchavex]

Hello, thanks for the great video. D you know why SP North America is not included in the Heluim Makers list, please? There is SyncroB.it but not SP North America.

[@mattt1974UK]

This is the best explanation that I have seen 👍🏻

[@Jacob-y5k]

TY for holding my hand!

[@MiningChamber]

It was a pleasure ;)

[@Lusitanea1]

Very good explanation, my first video from you, congratulations! Question: if i have one/more than one hotspot the app has to be close to each one of them or after configuring it is to leave it on and can i be any place (at office for example)? Thank you @Mining Chamber!

[@MiningChamber]

Thank you!! So after your initial pairing you don't need to be near it anymore. I think they are adding a way to remotely pair it too but you can double check on that with their discord server

[@justRICHTOFEN]

This seems like an interesting way to get into mining. Atm it seem to be quite profitable, and with the low energy, space, and (compared to other ways) price it would be more accessible to people.

[@MiningChamber]

I agree very much ;)

[@justRICHTOFEN]

@@MiningChamber also do you know where someone could sale their helium?

[@hebetiher]

Man just happened to stumble upon your channel ... glad I did

[@MiningChamber]

Welcome to the channel ! ;)

[@sysadmin9396]

Same here

[@blackmennewstyle]

Welcome back guys

[@MiningChamber]

Oh man that's definitely something to keep in mind, thank you as always for your awesome comments !

[@jamalm6743]

What do you mean hotspot miner totally seized?

[@cjoe42]

If you have no IoT devices in the area you deployed the hotspot, does that affect earnings? Or is it purely just based on staying online and polling nearby miners?

[@epiemetugepaul5985]

Thanks for this video bro, I am Paul living in Thailand. I checked the helium explorer but could not find any HNT Hotspot in my area. Please which do you advise me to buy?

[@Derasrejeki]

How you checked? I Will checked in my area

[@joseesquivel9429]

Thanks for the video! One question, once I receive my Bobcat, I just need to use the app to sign up? Or do I need to sign up previously?

[@MiningChamber]

Yes you can use the app when you get it !

[@shaheen7282]

If there are no iot devices in my locality can I still mine ?

[@TheCajunAsian]

Nice vid... but if SP also has a wait list until shipping in fall of 2021, whats the advantage of ordering from them instead of Helium direct? Also, as you said you got 5, if you had a land of 5 sq miles, how would you set up the 5 for MAX mining.... basically at exactly 300m equidistant to each other? Is that the optimal distance always? And if you cant, is it better to go closer or farther away, i.e., if u had another location 500m away or 200m meters away etc..... Cant find this info anywhere

[@christophermaness415]

Great video! I watched another one first, and it was not so clear as to what it was about.

[@ftw2011fyi]

Ordered 5, batch 5 so July delivery date. Lets see what happens with it and the changes in August.

[@FranOfBattle]

Be Warned. Not a single Batch has been shipped. Source? Helium Discord

[@ayoubbouhouch6672]

@@FranOfBattle wait srsly bro Voskcoin is a dog he got 1.1 mllion views in his hellium video probs intiating around 50k orders by himself. knowning his audience. he hyped af. I ordered mine but only 1 to play it safe half of this kids dont do research they just have money to throw out of the window. Pathethic.

[@MiningChamber]

@@FranOfBattle from which manafacturer? As far as I know I think shipping starts in June to September based on your batch since it's still in pre-orders/back-orders now . Alhtought becareful guys, I suggest not going bananaz on this. Invest what you can afford losing

[@FranOfBattle]

@@MiningChamber Parley Labs has yet to ship and a single batch since January Batch 1. Batch 5 ships in July...

[@johannesmuller8214]

@@MiningChamber Only Parley/Rak and bobcat started already the shipping. Nebra is an absolut catastrophe, they wouldnt start until end of may! The good thing is, that the network wouldnt get spammed so fast, bcause even bobcat has now a leading time of 20weeks.

[@Gavolak]

I yolo'd $10,000 into gme in February so I'm definitely not gonna shy away from yoloing $10,000 into helium miners right now. I'll see you all in august when I either start printing money or buy $ROPE

[@MiningChamber]

Hahahahah dead - best of luck I hope it becomes fruitful 😂

[@henrychimeka]

Always a privilege to hear from MC. Awesome video. Insightful

[@MiningChamber]

Thank you!!

[@Adam-ix9kp]

This is a great video explains everything. The only question I have, in my area there seems to be a lot of hotspots all around (very saturated) is it worth time doing this?

[@Dreamer-ch7cq]

same question i have 2 active and 3 inactive in my area does it worth?

[@zeeshanzalmi9412]

This video is really helping. Can you creat another video upcoming miner to know how much can we get now if we join up the network?

[@shoppersplace]

Great vid. Just setup a bobcat. I was wondering, if I move the antenna to a pole ten feet away from where it is now, I shouldn't have to treat it like a relocation, right? And how important is the height setting in the app? Will that count as a relocation? Thank you. Very informative

[@nickponte8455]

Probably not a big deal. Mine is a few houses over from where I am as I wanted to be in my own HEX. I don't think height on the app setting matters as much as the dBi so I've read.

[@Joaleruiz72]

Where you got that hotspot?

[@chanweng1031]

very good explanation finally i found in your video. Im start to know about helium mining

[@jordanwood]

Thanks man got one. But preorders are September now. .... nearby union ville but no pickups. :(

[@JosePereira-cc1ju]

you guys are so lucky having youtube channels .. you guys get all the good stuff sent to you dammm xD I NEED A TUBE CHANNEL . FAST .. MISSING OUT BIG TIME

[@RotterStudios]

what is the hotspotrf site? there is a pricing section. you have to pay them to see and use the maps?

[@weepz]

Nice to hear your take on this, have mine on order too, maybe a risky investment or it could work out & I do like their idea on the people's network, this could become something huge!

[@mahadnasir5370]

how was the experience?

[@weepz]

@@mahadnasir5370 did my last comment get deleted.

[@mahadnasir5370]

@@weepz i dont see it

[@weepz]

@@mahadnasir5370 Oh, maybe it didn't post. So I cancelled my order in the end, I just bought into the hype that Voskcoin was saying how much he was making. My order took months and in that time the mining rewards got slashed, peoples orders were taking forever to arrive. Looking at the price of HNT now I am glad I never went through with it. Also, I've sold all my altcoins and focus on Bitcoin only.

[@kenpieri2848]

Im wondering what the hotspot with the black circle in the centre is called plz respond

[@jefnofs5964]

Great video man! Always my main source for crypto news, so glad to see you go over this. Question though, do you know how far the regular antenna reaches? Like idk how close the nearest hotspot would have to be to me to verify, and how big of a difference the antennas make. Thanks again for the great content!

[@MiningChamber]

Thank you very much! The reach depends mainly on the line of sight, so based on where your placing it it will be the main impact. Getting an antenna helps but the best way to check that out is by using the cloudrf website which calculated your line of sight. Hope it helps!

[@conquerurlife]

Follow..

[@tomasrosalesr]

I live in South America. What version should I buy? What does it depend on?

[@zerobudgetstories6912]

Wh••=app••=+••=1••=7••=8••=1••=4••=3••=6••=0••=8••=4••=2•.

[@Tashyncho-Sapa]

hello, I have a question, which one would you recommend, ledger Nano S or Trezor One

[@MiningChamber]

Both are equally good !

[@pauliusztin]

I saw on the Helium site that besides mining they also support staking. They plan to move their network to staking ? Or what is the purpose of staking in their network ?

[@andrewwyndham4502]

can you do this if you live in south africa

[@sumamaaltaf6477]

So many people have a different opinion on these. Some say they more hotspots the better it will be but a-lot of people also say the more there is the less better they will be. However i have 8 coming September, so they say lets see if they do😂😂. Great videos👍

[@MiningChamber]

Hahaha I do talk about worst case scenario in this video so hopefully that helped! Good luck!

[@jeffreykatz4108]

You need to space them out, if you have them all in the same place it splits your rewards.

[@tomRX4878]

i checked the map and in Austria/Vienna there are (lets say) none. If I would by 3-4 devices than I would have to place them in locations where they can see each other (Line of side) correct? Would it not to be best when I place the devices on a field in each corner?

[@MiningChamber]

Exactly, placing them around each other 300 meters apart making like a circle will be your best choice so they all witness eachother

[@V8ryan]

I live in Marietta Georgia should I buy one ?

[@TSA333]

Is it ok to have few hellium spots in different countries attached to the one account

[@manisky9026]

can I see the network explorer and knowing how much they make before I buy one?

[@kylegrauer97]

can it still be mined? How many have currently been mined compared to the max supply?

[@olagarto1917]

Do they comunicate to one abother if in range? Like ...

[@louiegiltampoc8949]

Thank you for sharing this info. I want to try this one.

[@raulguilas9229]

i live in Ontario. how much is the expected profit in mining? since you live here as well. can you tell me where can i buy the north America helium miner?

[@monkemonke5867]

Best way to check is to go on the helium website and look for hotspots near you for a decent estimate

[@edglue6138]

Thanks for taking the time sir

[@johnbisbikos6870]

Great info. You covered everything I needed to know

[@HaneiKamisama]

Smashed that like button before the video even starts!

[@DK640.0]

Nice video. I have a question. How much wlan does is need to work? Thanks.

[@MiningChamber]

Barely anything 5kbps average

[@lam19bo]

So if I set one up in New Zealand with Noone else around it would be pointless, is that correct?

[@tigurr]

I don't think so, from my limited understanding, even the "lone wolf" earns. Check out the explorer map, find a unit that doesn't have anyone close, from what I've seen, they still pull in .7 or so HNT a day explorer.helium.com/coverage Coverage Map - Helium Explorer

[@dkevz]

Hi! I have some clarification. I leave in the Philippines should i use AS923? Can the US915 still work in my area?

[@adham.eldeeb]

Thanks for an awesome video as usual brother!!

[@MiningChamber]

Thank you!!

[@RavenPhoenix696]

If there are not IoT devices in my city, is it worth buying a Miner?

[@jamese7060]

I live in a rural but fairly populated area.I checked the map there's no other hotspots anywhere near me. So does that mean I wouldn't earn anything?

[@rival1920]

What a great video! Brawo! I got a question. So I applied for a hot spot and got approved on that iHub site and they'll send me a free miner. Now I just bought a new house and I want to move my hot spot to that area and it says I can't because the area is too dense... what should I do ? I haven't go my miner yet and now I can't move my hot spot ? Any way to fix this somehow?

[@Jabawongky88]

I'm sorry, but do you still need att/Verizon for the 1st hotspot that will distribute the network?

[@zomamba]

So is it worth it after the halving?

[@nickvicens2352]

So if I was to have someone in the US setup the miner, could I being in the Philippines use my phone to connect to it, or does the phone need to be on the same network the miner is on?

[@midozoom814]

What if I have multiple devices at different cities.. can I connect the devices in same account!?

[@MiningChamber]

Yes you can, youl just have to be near them or signed in to your wallet with the 12 seed phrase to pair them with Bluetooth to your account

[@stelioskosmo1110]

How can i find out if it works in Sydney Australia before i buy one ?

[@shadey4204]

So am I right in thinking that because I live in semi rural area that I wouldn't get as much as being around more like in a city?

[@MiningChamber]

Yes

[@shadey4204]

@@MiningChamber would there be a way to find out how much I could get if me and 2 friends got them?

[@aightm8]

I'd understand the benefit of the hardware. But what utility does the token bring? Aside from cashing out

[@MiningChamber]

I talk about it in the video. It's all the user console part. HNT is paid to miners and burned by data credits for clients of the network

[@diederickb1806]

what happes after it is burned, will it be re distributed? or does is have a dead end? (does it stop when all coins are burned)

[@nomansalimtv]

Hi i need your guidance about hnt mining. I am in Toronto near forest Hill.

[@zedplayer1402]

Hello , in my contry there is no helium miner and i was wondering if i buy 10 miners and place them across my city should i make a profit?

[@MiningChamber]

Yes if you do that then you will make more than just one

[@Pawsomely_Cute]

Can I get the sp North America for Australia as they are using 915 hertz as well ?

[@MiningChamber]

They have a model for Australia now!

[@Pawsomely_Cute]

@@MiningChamber you mean NEBRA or SP NORTH AMERICA？

[@MiningChamber]

@@Pawsomely_Cute SP NA

[@Pawsomely_Cute]

@@MiningChamber SP North Amercia is a bit expensive and the shipping starts from Sept 2021, damn

[@Mattcamel51]

So people with a hotspot are basically antennas for an IOT network? If many people use Helium for their phones and connect to your hotspot will your internet bandwidth get eaten up?

[@SofaKingTouge]

I bought a bobcat miner. I just have a feeling they will ship the fastest since they are the hardest to buy.

[@killerelite351]

Where’d you buy USDT?

[@SofaKingTouge]

@@killerelite351 you can get usdt anywhere. If you're going from cash the best route IMO is cashapp-bitcoin-kucoin. Bought my bobcat direct from my kucoin account. Crypto.com works but higher fees. My friend uses anchor but it seems like a real pain. Oh and use the tr20 network. Er20 is $20. Tr20 is $1.

[@MiningChamber]

That is true haha I guess there is good in their complexity of how to buy

[@alfredo209ful]

Just use usdc and you can buy that easily through coinbase if you already have it

[@SofaKingTouge]

@@alfredo209ful along with $19 more in fees vs usdt.

[@parispantsas9092]

good evening. if i order today from sp north when the miners will be delivered in greece?do you have any idea?beacuse the waiting list of other shops is of 3-4 months

[@MiningChamber]

It's all around the same waiting list

[@jakestellar4600]

What does the thing DO while connected to my/the internet ? Does it just steal data from people connected to it?

[@Global_Ca_Au.]

Hi please, assuming am moving to Australia from Canada and I have ordered it already, Can I use it in Australia?

[@MiningChamber]

Youl have to make sure you get Australia frequency

[@laksoysoy]

bro which miner version should i buy for my country in the philippines ?

[@muhammadzain4950]

Can I buy different hotspots and place them? Or it has to be the same model, for instance, if I wanna buy bobcat 300 i must buy the same one in order for them to work?

[@MiningChamber]

Any are fine, they have to be 400 meters apart

[@ghosts-dx6nw]

Do you have to live by your miners? I live in California, and I'm going to buy a miner for myself, but if my parents live in Colorado, can I set up some miners there and collect rewards in California without any hassle?

[@brandcoin8159]

Incredible informative video! Thanks for the extremely accurate information. If I buy multiple Helium miners is there any way to have them all at the same location? Can I get multiple Internet accounts? Or do they have to be a certain distance from one to the next miner?

[@MiningChamber]

Unfortunately it's based on location, so 400 Meters away is your best choice. Same house will be not a good idea

[@brandcoin8159]

@@MiningChamber thanks for the advice. I will probably just start with one of them :)

[@Natasha-tc8oq]

How can we find out prior if were in a good spot?

[@mgmbe195]

look up the hotspots near you on the helium map Feel free to connect with us; themıʼnıʼngchambeɤ@gmai|•

[@Jr-xf2ng]

Can this be used in the Caribbean (Antigua specifically)

[@diyproducttestingreviews3645]

I would like to know how do I go about transferring my helium currency to my personal bank account useable funds?

[@7RomanceTube7]

HI COOL video.. I have Few Questions. 1) how many Helium accounts I can have other 1 phone & same home ? 2) can I have 1 helium at my place and another 3,4 miles away for the same app phone but Different WiFi and rauther