Could we add the option to tag multiple projects? For example if I were to post about a YouTube vid comparing projects it would make sense to be able to tag both.
@FreeShkreli oh and don’t forget about halving coming Aug 1st
thanks for the tag @CoinChaser I’m a pretty good person to ask.
I have over 100 HM outdoors. Some are outside but many are inside homes or businesses because of HM Outdoor units’ higher potential PoC earnings.
Re: your quesions
What kind of coverage and earnings are you seeing?
I bought the largest portion of mine between April-July 2024 and I’ve averaged over $1,000 a unit. Especially early on in the Helium Wi-Fi era like Dec 2023 through 2024 I relied a lot on PoC earnings and would stack 3 to 6 in a 1.0x area since I was pretty confident they’d pay for themselves even with little paid offload back then. And they did… something like $1,400 each on average if you don’t include ones I’ve bought recently,.
Right now I’m only averaging something like $3 a day per Outdoor. It’s low partly due to $HNT down about a third the last couple weeks, and also because I have a bunch overstacked to have extras on hand earning something while I add new locations. For example at least a dozen will go to 3 or 4 brand new awesome locations over the next couple weeks.
But the better question is how do you determine if you have any good earning locations? Go to https://planner.hellohelium.com/planner, click on Advanced Planner (lower left), and try addresses where you’re able to deploy. This will let you see how much PoC you can earn. If it’s a business location with good footfall and long dwell times then you can start to factor in paid offload which in a good location can make PoC earnings be negligible by comparison.
How has your experience been with installation, weather resistance, and support?
Installation is easy. Helium makes these things suitable for people without any idea of how to setup a network so just zip tie them to a pole, screw them into drywall, whatever and just plug it in with ethernet. I always have a bunch of cheap 8 to 10 port PoE++ switches that cost $30-$40 on Amazon so I don’t have to keep individual PoE injectors on hand for each AP
Weather resistance hasn’t been a problem for the ones I’ve actually placed outside.
I haven’t had to use support but beware that Helium will change up whatever they want to and you’re stuck with it. I could complain about a few different things that nuked my rewards but it is what it is, they’re still very profitable albeit risky since you’re stuck with their overpriced Helium-only hardware. If you have a great non-residential location to pass data and know a bit about networks then buy APs from XNET and deploy with them because you’re not paying a huge premium for so-so gear like with Helium.
Are outdoor setups worth the investment in your area?
Use that planner tool I linked above and play around on https://world.helium.com/en/mobile. Basically it’s all about what locations you can land and let me tell you it’s really not as hard as you tihnk to get locations.
Btw what part of Florida are you at? I’m in Orlando and love sharing best practices with others… Passpoint offload is so new I have zero concern about competition and like helping others get into this stuff so long as they share what they learn as they learn it with me, too.
@Rift yep and they have a bunch of videos with unboxings and quick setup info for the gear they sell, too.
FreeShkreli
@JD Great points. After I experienced some losses I installed fuse-type devices so one getting hit would hopefully limit the damage to it alone and not other devices operating on the same switch.
I’m in Orlando where we get t-storms nearly every afternoon in June, July & August and have lost Helium IOT as well as non-crypto electronics due to the surge coming in through the ethernet line. So be mindful when you approach this issue that there are more ways to lose equipment than just a direct strike.
Somewhere I have screenshots saved of the before/after showing that 75%+ of Helium IOT devices went offline permanently in my area which coverered a few hundred acres (!!!) of town after one afternoon t-storm. I’m still not entirely sure what could’ve caused such widespread losses. For mine it travelled through ethernet since I could see they were scorched… I think that was the same event.
Same here— I have one on top of my hangar that’s in Central Florida and I feel like it’s only a matter of time before it gets struck.
If it provides any comfort, I’ve had a Helium IOT antenna up at the same spot for around three years now and it hasn’t been zapped. However I lost several ethernet-connected devices two summers ago because of an electrical surge that fried them. So now’s a good time to confirm you have surge protection in place for all ethernet connected devices you have and not overlook some of them. RIP NAS :-/
I’d like to see XNET added. There’s a new dashboard out now and I bet that’ll make scraping easier.
I buy hardware when it has a reasonable projected rate of return, or in the parlance of our time “it ROIs fast.”
Sometimes after I buy hardware I also buy the token because I think the project is promising. I did that with $HONEY (Hivemapper) and it worked out quite well both from hardware + hodling tokens earned and also plunking a few grand into tokens because I thought it had a decent shot at taking off.
For most projects I sell tokens as I earn them since there are significant costs when doing a project at scale.
@JD agreed
@Xrave sent— I appreciate it!
And as a datapoint I bought these two from easynav.xyz (RIP) on Sept. 29, 2024 and they shipped Oct. 14, 2024. I bet I got the gen1 version.
kids these days with their phones 😛
Three thoughts:
1. Do you, a friend, or a family member have a location with decent internet service that you could cover with a PoC multiplier of 0.7+? Get a HM Outdoor. This is an even bigger no-brainer for anywhere that has good footfall like bars & resturants, parks, human-scale development with sidewalks and small shops, etc. since you’ll get $0.50/GB for offloaded data on top of a few bucks a day just with the current proof of coverage rules.
2. Do you drive more than, say, 10 hours a week with at least a majority of that being varied and not just commuting the same route? If you’re at 10-20 hours a week then start stacking drive-to-earn stuff including 375go from 375.ai (free), the NATIX app (free) if you have a spare cell to mount on your windshield, then the TarantulaX which currently has a better ROI than Hivemapper. If you’re driving 20+ hours a week and it’s not all the same roads and not mostly highly mapped highways then I’d get the Hivemapper, too. TarantulaX really needs a separate phone mounted and aimed out the front of your windshield btw.
Warning about the TarantulaX: Their product design is flawed, and the customer support I experienced is bad. I bought two of these thinking I could have my wife use it but she didn’t want to mess with it (I don’t blame her) so I used them depending on which car I was in. I have now broken BOTH of these stupid things because their USB design is atrocious and almost impossible not to bump and break at some point in a car. They’re giving me the run-around on getting a repair or replacement so just know what you might be in for.
3. I’d only do GEODNET if you can afford a base station and are in a hex that’ll let you earn the full 24 tokens a day (soon to be 12 a day at halving in a few weeks) I’d strongly consider that. Read up on tree coveage being an issue. And the product you mentioned I assume is their accuracy verifier portable degice and if so that’s more a cool gadget than an investment at the moment given the limited opportunities to earn from it they have right now.
@VEMP keep us updated on your project, please. It sounds like it has promise.
I copypasta Moken’s data into a Google Sheet workbook for most projects. And parts of that workbook looks like a Dr Bronner’s bottle after making it do so many different things at different times that I’d only show someone in-person since I’d have to take out sooooooo much personal data tucked everywhere from hidden rows/colums to explaining arcane stuff like color codes. It does make me keep a close eye on what’s broken and the stuff that’s working so I can expand intelligently.
Most people are pessimistic because most people on here are trying to earn money from suppling the data yet we have a late device that costs more in order to keep earning something like 1/20th of our previous face-melting earnings from as recently as spring 2024.
I think the business model of Hivemapper is pretty substantial yet drivers almost certainly won’t be getting a massive windfall like we did from Dec 2023 and winding way way back by summer 2024. And price anchoring is so strong in drivers’ minds it sure does meet the definition of failure if you’re getting a couple tokens worth a nickel per mile compared to day job-quitworthy money of $50/hour that any one with two braincells to rub together could tell you waas never going to be long term sustainable.
@CoinChaser I’m on the fdn working group and have pressed the inc side on this but need to again after that call a few days ago. So no I don’t know if they have the solution to the hand-off and max stations phonebook problems with iOS/Android.
Back when CBRS was still earning a majority of emissions on XNET I really pressed them about why they wanted to keep incentivizng CBRS so highly despite its long odds of success. They said wait a few months and that’s now so maybe they’re onto something.
@plantsurfing At a glance they seem to have enough reduncancy to have a reliable network, yet not the problem of over-redundancy that would make deployer rewards per location one day fall to Helium IOT tier crap where only a hobbyist would want to fill in gaps because a business person sees it as not worth using 10 minutes of mental energy on making 20 cents a day vs 5 cents.
I’ve put 2 or 3 back online in locations where I have a WeatherXM that relies on Helium IOT and the nearest one is too far away to keep a constant data feed.
Besides that use case I leave them be and am unlikely to bother solving problems causing any to go down unless it’s really convenient and I feel like it.
@Duff Helium Mobile Wi-Fi mining is the majority of my DePIN income so I "dump” the token nightly. Nothing personal… just gotta pay the bills. Plus I already have mid 5 figures worth (used value) of Helium equipment so even just that is more than enough riding one project.
The better question might be whether it’s a good time to sell some HM Indoor and Outdoor units on eBay if you have some earning next to nothing without better deployment locations on the horizon.
inb4 my rewards were already halved the past 2 weeks due to random APs dropping off and the value of $HNT falling by a third
FreeShkreli
@dbome GEODNET triple band with 99%+ and getting the first NFT in the hex is awesome! And with Wingbits earnings that project to me is more of a “cool dashboard, tokens might be worth little but still cool” so my location at a busy flight training GA airport with a lot of commercial traffic coming off the Atlantic on approach into Orlando made my Wingbits appear to be one of the more active ones in my metro… at least before I screwed up the cable lol
I believe Wingbits takes into account comparative performance with units in nearby hexes but I’d need to look that up to refresh myself.
@bob_carsyn Yeah that’s something I realized after I got my first few last month. I now have a newfound hatred for [certain] trees.
I’d be happy to buy it from you at cost + shipping + hassle.
@plantsurfing It’s not aribitrary. It’s to protect earnings dilution (meaning YOU, the miner) since one install per hex in each project is more than enough data to provide a marketable data product.
@forkus I’m a private pilot and have followed this tech casually for years before Wingbits lauched, though not as deeply as you based on your background.
I’ve also been skeptical because this same data is gathered so thoroughly from hobbyists in pre-existing projects. I’m left asking “what can differentiate Wingbits data?” And if that can be answered, “How much could Wingbits data be worth?”
All that said I have a 310 dual miner on top of my hangar’s roof and, until I smashed the cable in my hydraulic hangar door last week, it was doing great on both GEODNET (well over 99%….. airfields have incredible lines of sight) and Wingbits.
@FreeShkreli we may want to add image resizing lol
99% sure 430s won’t be, but pretty confident that 436s will.
edit: anyone want to buy eleven 430s from me? lol j/k don’t do that
Good project with widespread favorable views in which case token price will reflect it over a sufficient horizon. Not immediate, but man is it basic supply/demand when there’s annual halvings while demand for the token is stable or rises.
Don’t be like me and look at what could have been.. it’s about what is likely to happen in the future when deciding to either buy tokens or buy gear to mine them. I did the second guessing over the past 2 years but 2-3 months ago I was forced to rationalize irrationality (thanks, @Xrave) and finally bought three units since I had three hexes where I was either the only one or would likely be the first to get an NFT and have decent assurance I’d be earning the highest amount possible in them.
@william nice!
@arbank perhaps when we reply to a reply it automatically adds the person with an @
@CoinChaser your comment yesterday is what I wanted to reply to but couldn’t without the formatting being weird lmao
Let us reply to replies so they stay in order, and/or let us tag the person who we’re replying to..
I think Hivemapper will remain the biggest for the foreseeable future but I voted for Natix solely because of the potential from their Tesla-only hardware, the VX360. They’re harvesting a massive amount of data from each of these and it’ll be interesting what they create when using it.
I also use and am interested to see how ROVR does but I don’t understand how it has 62.5% of the current vote.