#384 LoraWAN + Cryptocurrency Miner = Helium. A good idea?
Do you want to get rich in a short time? TheHelium People s structure currently is growing like hell and procreates a great deal of capital. It combinesLoRaWAN technology with cryptocurrency. How does it manipulate, and should you join it? Let s have a closer look. And please, watch the video till the end. This time it is vital! Gr ezi YouTubers. Now is the guy with the Swiss accent. With a brand-new escapade and fresh doctrines aroundsensors and microcontrollers. Remember: If you agree, you will always sit in the first row.My frequent onlookers know that this channel covered many important LoRa topics like building antennas, improving array, etc.All indispensable stuff for Helium hotspot owners. If you are only interestedin these things, go to the video description to find a link to the LoRa playlist. Stay hereif you are interested in the whole story. What is the Helium network? It isa contestant to The Things Network and likewise an open Sensor network based on theLoRaWAN standard. Its purpose is to transport short messages from sensors to the network.It also is based on gateways that are deployed by individuals and not by the Helium company.The bigdifference between the two is how the network is financed. TTN moves all data free of charge.This is possible because a great deal of enthusiasts lend gateways without any financialinterest. Most of them are geeks like me. On the Helium network, data transport costs asmall amount. This coin will be given to the gateway owneds as a return on investment.Gateways, BTW, are announced hotspots in the Helium network and cost 400 -5 00 dollars. Theyuse the same technology and even the same packet forwarder software from Semtech as TTN.Also, the sensor engineering has to be the same. To dispense the money fromthe users to the gateway owneds, Helium employs HNT, a cryptocurrency created forthis purpose. A exhibition abstraction, and much more sustainable in a capitalistic macrocosm, isn t it? For my Ph.D.In Business Administration, I had to calculate a lot of business clients. Solet s apply what I learned and do a speedy check: First, we have to understanda few technical facts: – LoRa is a Low Power Long Range protocol.It operates in license-free ISM cliques – It is different from 5G, Wi-Fi, or Bluetoothbecause of its very low data pace. This is why, as we will later look, Helium data creditsare calculated in bytes and not Gigabytes as in mobile phones or Wi-Fi- The protocol is standardized, and there is only one supplier of chippings: TheFrench fellowship, Semtech. So all LoRaWAN networks have the same basic role and components- One hotspot can ferry words for up to 1000 sensors- According to RAK wireless, one of the large-scale manufacturers of Helium hotspots, exclusively 50 -1 00 Hotspots are needed tocover an entire city.Which is noticeable because LoRa is a Long-Range technology- Company can construct private systems if they do not trust public networksWhat are use-cases for such systems? Here we have a selection: From Agriculture toSmart Supply Chain. They have one thing in common: They are simply used if other protocols do notwork. At dwelling or in factories, for example, we use Wi-Fi. In horded localities, we generally use 4 or 5Gnetworks. Exclusively in rural areas without 4G coverage or in metropolitans when we do not want to replacethe artillery often, LoRa is preferred. Let s start the business case with the customersof the network.One data ascribe penalties $0.00001 and is good to transfer 24 bytes. Let s assumeone gateway expenditures $400. How many data containers does it have to receive to reach break-even? 400/0.00001= 40 million meanings. Not bad, because LoRa nodes, to save energy, do not oftentransfer themes. So the distribute for the potential network user is outstanding. The action ofthousands of nodes only expenditure a few dollars, without investment into the network.So wecan acquire they got lots of massive fellowships waiting in a queue to use Helium. Looking atthe short list of comment patrons, we see that using the Helium network must be extremelystrategic and mystery. Obviously , none of their big customers want to read its words now. Mostlysmall companies or startups are on the schedule. But is the business case also suitablefor the investor of a gateway? The current Helium network consistsof an affecting number of practically 40 000 hotspots. If we look where they are located, we watch: They are concentrated in major metropolitans. Most of the world is not covered.If we zoomin, we look, for example, that San Francisco has several hundreds of active hotspots. So there must bea ton of data to be transported to pay for all those hotspots. Fortunately, all Heliumtransactions are stored on a blockchain. So we can check the data traffic. Of trend, wedo not appreciate who referred the data or its content. They are encrypted. But we can count the cartons. Andeven better: To depict potential hotspot investors like us how much coin we can realize, Helium isvery transparent and depicts a lot of information. Because I know how LoRa drives, it is easy tofind a hotspot at a good locating. Its specified is Fluffy-bronze-turtle. Interesting name for aprofessional structure. BTW: Possible customers, sure as shooting, are also lured by the knowledgeablehotspot operators. To initiate your own opinion, maybe you watch some of their channels.I leave ties-in in the description.Trust is everything for the purposes of the networks, and so far, shortfall of trust in public networks was the main reason fellowships constructed their private networks.Fluffy-bronze-turtle s location must be excellent. It has lots of connections and for sure will geta ton of data traffic from downtown San Francisco. And really, last month, its owner gave 280 HNT. Which today is 280 x14. 41= 4034.8 dollars. Not bad for an investment of 400 dollars. Thebusiness case for us possible hotspot owners is obvious. The hotspot is paid in threedays. No Ph.D. needed to see that! BTW: Here you interpret the swerve of the HNT value indollars. From 24 cents one year ago to 14 dollars now. 5858% increase. Mindboggling! It is obvious: The entire business nature uses the Helium network! So cause s check fluffy s data traffic. Fortunately, we can see all pleasure and even can export it to CSV. Now are the results: Since its installing, this hotspot did 1510 HNT or 20 000 dollars. 1298 HNT for POC_Witness, 191 for POC_challengees, 20 for POC_challengers, and 0.00 for data_credits. Strange.If we contribute a few cases regions after the comma, we see that it really received a few data containers. But what is the rest? POC entails Prove ofcoverage. These are letters inside the network, for example, to check if the hotspot s locationsare accurate and if they cultivate. With these principles, Helium exclusively had to pay 20 000 dollars to checkif the hotspot labours. What a great idea. I am sure this low data work is an exceptionand has a reason I do not understand. Other hotspots must realize much more data traffic.So give s check another one: Passive Purple Ram. Also nicely located in SFA. Hisowner get 4717 HNT or 68 000 dollars because his hotspot flows for a whole year.Incredible! But also here we attend the same pattern: Data approvals are less than one cent for a wholeyear. Extremely strange. Fortunately, we can see how many data credits were earned by the wholeHelium network over the last 30 daytimes. 32 million. Not bad. Let s check how much thecustomers paid for it: 325 dollars. So the part turnover of Helium as a networkfor data in the last month was 325 dollars! So it seems, Helium observed a course to distributea ton of money to the hotspot proprietors without data traffic! Anyway: Who cares about hauling data? We want to get rich, and Helium clearly causes abundance. I also do not know how my auto worksin detail and still can use it. Now I retain what a few of my viewers wrote: With my knowledge about LoRa, I can get rich. How cool is that? Shortly before my retirement, Ihave to hurry up.Unfortunately, Helium Hotspots are sold out and have a long waiting list.RAK wireless, for example, only delivers 250 hotspots a date, and the waiting list is longerthan the schedule for a vaccination appointment. So I retained the announce from the Helium representativelast year. Helium is open and allows Makers to build their own hotspots. These hotspots arenothing special: only a Raspberry Pi and a concentrator plus the needed software. The sameparts we used to support standard LoRaWAN Gateways. Of course, I have the material here, and I even foundtheir Github page. Very good. A concentrator and a Raspberry Pi costs less than 200 dollars. Muchless than the 400 dollars for a ready-made device. Then I have found that, unfortunately, Heliumdoes no more allow us to build our own gateways. Certainly, they have a good reason to no moreallow the saving of at least 200 dollars. So, if you want to participate, you have tohurry up and require one, or perhaps ten hotspots, wait till they arrive, and install them inall places you know.The more, the very best. If you do not want to wait, you even can buy HNTswithout any hotspot, wait for a little till they are much, much more valuable, and sell them with aconsiderable revenue. An excellent contrive, I conceive. There existed a tiny difficulty: Some peoplemight tell you that the facts we met up till now very much look like a Ponzi scheme where earlyinvestors get a reward as long as the network is growing. You decide. I assume you are an adult andknow that you are responsible for your grapples. As ever, you find all therelevant associates in the specific characteristics This was probably the last video on this canal. If my schedules succeed, I will haveno more time to create videos because I have to devote all my Helium money.See you in Marbella, Miami, or Tahiti.Bye.