Traditional cryptocurrency Proof-of-Work mining requires expensive equipment,
cheap electricity and often loud cooling fans. The folks at Helium
are in the business of providing a
network that companies can
use for their Internet-of-Things devices. Instead of putting up their own
wireless infrastructure, they decided to let people host hotspots in their own
homes to participate in
and reward them with
Helium HNT tokens
(which can be exchanged for Bitcoin). Helium hotspots are silent, only
require connection to your home Internet, and use up about as much
electricity as your router.
Want to be an early adopter for Helium mining in the Cambridge area and
possibly make passive income?
Steps to get involved:
Whereas Kitchener/Waterloo already has a bunch, Cambridge currently
has no hotspots, but there are some coming.
Check the image to see approximate locations where hotspots are planned.
2021/03/16 UPDATE: 2 hotspots have shown up in Hespeler, and 1 in west Galt
Ideally, if you plan to setup a hotspot, you will want to be more than
300 meters from the nearest existing one (otherwise your profits end up getting
split between redundant hotspots). If you will be using a default stock
antenna, then you will want to be within about 1 km of the nearest hotspot(s).
Why did I create this informational page? I am planning on running a hotspot
in Cambridge and it is in my best interest to get others near me to
participate, as it will increase everyones potential profits.