The good news is that there will not be another halving for 2 more years. With any luck, the scarcity may drive up the individual price of $HNT and restore previous profits. But, don’t worry! It is expected behavior to receive only half of the HNT you normally would.
With less HNT minted, there are fewer rewards for Helium hotspots that provide network coverage. That means the 2.5M HNT is being minted per month instead of the 5M during every month prior. The first halving of HNT took place on August 1, 2021. It’s no secret that every 2 years the number of $HNT minted will decrease by 50%. Will my Helium hotspot be a “lone wolf”?.A huge number of enthusiasts will not be receiving their Helium hotspot until the end of 2021. That is exactly the reason we’re talking about the profitability of Helium mining in 2022.
Read our guideto learn about tips and tools to help make your Helium mining more profitable.ĭue to a combination of hype and general supply chain issues, Helium Hotspot manufacturers are receiving an overwhelming number of orders. The idea that you might make a pile of cash by plugging in a little “router thingy” at home has taken the internet by storm.Īt the end of this article, I revisit the profitability that a cluster of hotspots in rural Wisconsin – in early 2021 was more than $3k/month.
With a global crisis causing most people to stay inside and stare at their screens, all eyes were on Helium. Helium mining ($HNT) was first introduced in 2018, however, it didn’t pick up mainstream popularity until 2020.
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