The post A Fledgling Helium Mining Startup, ubbed Heliumrent appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide
A fledgling startup, dubbed HeliumRent , is looking to build a new internet service of sorts, that employs blockchain technology.
Cryptocurrency is something that has become a somewhat common part of many financial portfolio. In fact, many Millennial and Gen Z investors have made quite a bit of money dabbling in various cryptocurrencies like Bitcoin, Doge, Etherium and Shiba Inu. Now you can add another to the list called Helium, or HNT.
Helium is a global network comprised of Hotspots that produce long-range wireless coverage for LoRaWAN-enabled IoT devices.
Operators if these Hotspots are in turn compensated in HNT, or Helium’s native cryptocurrency.
Helium blockchains make up what is referred to as The People’s Network, and the Helium blockchains are public and an open source, and were created to incentivize physical, decentralized wireless networks.
There are several different ways you can take advantage of the Helium network in order to earn HNT. One of those is aptly called „Buyed a Plan” .
As its name suggests, you will invest in a plan for Helium hotspot miner that provides cities with an extended network in order to mine and earn the Helium currency. Essentially helium mining plan will serve as a hotspot that only uses 5W of energy.
These hotspots are randomly and automatically assigned what the company calls Proof-of-Coverage, similar to what many know as Proof-of-Concept. By passing witnessing tests you in turn earn HNT.
If you are interested in learning more, hop on over to the Helium Website to dive into the many ways people can become involved in this new cryptocurrency venture.
If you do decide to get involved, let us know if you need any help or want to share your experience.
See you renting a plan on www.helium.rent