Introduction:

There has been a sudden hype in something called Helium Coin Mining, the amount of growth in this huge project is insane compared to a lot of other projects. Now, these miners aren't your typical miners they actually communicate with each other, instead of using thousands of dollars worth of loud, and noisy Computer Power. People can even make thousands of dollars with these miners as long as they're in the right area. So what is this Project and How does the Mining work?

Let's talk about it!!

So who is behind all this? And who made this very interesting idea into reality and turned it into a Million-Dollar Business. The CEO and Co-Founder of this company Is Amir Haleem which at the time he had the accomplices of Sean Carry and Shawn Fanning. The company was founded in 2013, after a good while the company released the Official Helium Miners in 2019. The mission was to create a device that could connect all of the electronic things we use every day from the little things from Trackable Dog Collars all the way to huge security systems. 

How Does it Work?

These miners have a map which you can see all the hotspots globally and how much they make. (https://explorer.helium.com/) 

So one hotspot sends a Challenge to a random hotspot via an internet connection. Then a random hotspot in a Consensus Group accepts that challenge, then the challenge goes to the next stage. After the challenge is accepted, the hotspot that accepted the challenge sends receipt-like information to the challenge via the internet. (A Challengee is a hotspot that sent a challenge to another hotspot.)

Now, why does the Helium Miners advertise 5G?

So after the hotspot that was challenged sent his receipt back to the challengee, it sends a Radio Wave and any nearby hotspots in the area the radio wave went will be detected. With the other hotspots detecting a radio wave they will save the signal that is received from the hotspot that accepted the challenge. Kind of like a receipt except with Radio Wave Information instead of a challenge. Then all hotspots that received it and saved the data will send it to the challenge causing the Challenge acceptor to earn Helium Token. The hotspots that receive the radio signal are also called Witnesses, the more you have, the more you make that Helium Token!! Which later you can convert to cash or another crypto.

Overall:

I think this project has a lot of potential. From a personal standpoint, I have invested in this project and I am very excited for what's to come for this project. The amount of money you can Yield from this project is insane compared to your investment in a miner. The Average Helium miner (or HNT miner) costs 500$ so your ROI (Return on Investment) in a city or near a city would probably be 6 months or less.

(This is not an advertisement just my personal opinion. I am not responsible for your actions in any way.)

P.S: Please TIp 50/50 tysm :)