Interested in cryptocurrency mining in Cambridge?

Traditional cryptocurrency Proof-of-Work mining involves expensive equipment, cheap electricity and loud cooling fans. The folks at Helium are in the business of providing a Lorawan Longfi 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 Proof-of-Coverage and reward them with Helium HNT tokens (which can be exchanged for Bitcoin or CAD). Helium hotspots are silent, only require connection to your home Internet, and use up about as much electricity as your router. Want to do Helium mining in the Cambridge area and possibly make passive income?

 

Steps to get involved:

 

 

Ideally, if you plan to setup a hotspot, you will want to be more than 500 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). Be warned, the area has now become quite saturated and return on investment will most likely take a while.
Also, it is recommended that you have control over the router settings that your hotspot will connect through. You need to assign a LAN static IP for the hotspot as well as forward external port 44158 to that static IP. Otherwise, your hotspot will be penalized and show as being Relayed.

 

Need a cryptocurrency wallet for your smart phone? Install the crypto.com app (currently safe for Canadian users) and you'll be able to send your HNT to it to exchange for other currencies and to withdraw.

 

Why did I create this informational page? I run a Nebra indoor hotspot in Galt, Cambridge and it is in my best interest to get others in the city to participate, as it will increase everyones potential profits.