Believe in the project, the LoRa network will be used more and more, because very cheap and energy efficient IOT communication. 5G MOBILE will also be interesting. At the next bull run, the ATH will be cracked for sure, then corresponds to a 10-fold increase
Perhaps too optimistic, but a doubling is definitely possible.
Is the hype of helium over or is the price rising again?
Since in the meantime Dave has also made a YT video on HNT mining, here are just a few thoughts from me, for anyone wondering it is also worth getting into it. (tl;dr imho rather not)
Ordering the hardware and getting it delivered can take weeks or months. Some manufacturers give the delivery as Feb. 2022. The situation was already like this when I looked at it a few months ago and will probably stay like this until bear market is, HNT smears for other reasons or they succeed and enough coverage stands.
One topic that goes under the radar in many videos is the tax treatment. Now I'm certainly not one to stand up and be in favor of lining Olaf's pockets. Depending on the severity, the state has 5 - 10 years to get you on the scent, before statute of limitations occurs. My understanding is that the income from mining must be taxed above the exemption amount at the personal tax rate. That means the RoI is already significantly higher than it is suggested with (cost router / average revenue per day).
As in any gold rush, there are some who get rich shoveling gold and others who sell the shovels. Whether the network will be a success in the long run, no idea. Whether you get rich with the shoveling? I suspect not.
Bonus: Funny pictures of Chain's problems, just the last few days.
Helium is a decentralized machine network powered by a physical blockchain. The network is created by gateways who also double as miners on our network. These gateway operators can earn tokens based on coverage they provide as well as transaction fees gained from machines connecting to their gateway Helium is a new cryptocurrency. Hotspots earn for providing and validating wireless coverage and when devices on the network connect to the internet through Hospots Helium is mined and distributed to Hotspot Owners, Helium Inc, and investors. There is no pre-mine of Helium, and every month approximately 5,000,000 new Helium are minted. At the end of each mining period, roughly every 30 to 60 mins, Helium is distributed according to the allocation shown:
