I like the idea behind Helium on how it secures and produces new HNT coins. Can you find me anything negative about it?
What I am looking for to know.
Potential vulnerabilities.
Health of it's blockchain.
Presale/whales.
Something else...that I can't think of...
Is it worthy to invest and buy some HNT or get some hotspots and mine them?
A factor to also consider is the number of hotspots in your areas more hotspots can increase profitability but also have a negative impact due to congestion
Just because bigger players join Bitcoin, doesn't mean ordinary investors have to buy. Knowing the risks of any investment is just as important as understanding potential returns. “Invest in assets you understand. Before investing, do due diligence and understand how Bitcoin works. "The internet is full of cryptocurrency educational resources," he said.
Lykke says Bitcoin offers an excellent reward-risk profile. One way to see this is to look at the Sharpe ratio, a common risk measure used to help investors understand the return on an investment in relation to its risk. The Sharpe rate, the risk-free rate, or the return on government Treasury bills is the unit volatility or the average return earned above the total risk.
Helium is a peer-to-peer wireless network that aims to provide a safe and cost-effective way for low-power IoT devices to interact with the internet. The Helium network runs on a blockchain infrastructure with a consensus protocol built on HoneyBadgerBFT and has the following features:
When i get in mining, i was mining Siacoin. Everybody they were laughing at me. 2 years later (today) i can say that siacoin choice was from the best choices i did. Looking forward to find something similar, i get in Helium and i do the same i did with siacon 2 years before. I am mining it! I recommend to mine them you will not regret.
It's worthwhile to invest, just not a big stake in it, since it's always safer to have a dip in booming crypto because they're unpredictable, and we can't predict which one would rocket at every given moment, so it's smarter to be ahead of the curve.
a factor to also consider is the number of hotspots in your areas more hotspots can increase profitability but also have a negative impact due to congestion
Since greater players join Bitcoin, doesn't mean conventional financial backers need to purchase. Knowing the dangers of any venture is similarly pretty much as significant as understanding likely returns. "Put resources into resources you comprehend. Prior to contributing, do due ingenuity and see how Bitcoin functions. "The web is loaded with digital currency instructive assets," he said.
Lykke says Bitcoin offers a great award hazard profile. One approach to see this is to take a gander at the Sharpe proportion, a typical danger measure used to assist financial backers with understanding the profit from an interest corresponding to its danger. The Sharpe rate, the danger free rate, or the profit from government Treasury bills is the unit unpredictability or the normal return acquired over the absolute danger
Incredibly simple to set up, the Helium Hotspot sits connected to your wireless network and can earn you the Helium cryptocurrency as you go. Earnings are variable depending on your location and how many hotspots are available, making it hard to judge how quickly or, if at all, you'll get your large initial investment back. Still, as an interesting bit of technology, Helium approaches developing long range wireless technology in a different and engaging way.
Pros
Easy to set up
Works automatically
Earns you cryptocurrency
Cons
Doesn't do anything extra in your home
Variable earnings
Expensive to get started
If the price turns down from the current levels, the HNT/USD pair may consolidate in a tight range for a few days, this is because the relative strength index RSI which is currently above 80 suggests that the markets are overheated in short term and maybe ripe to enter a correction phase.
The first sign of vulnerability will be a breakdown and close below the 20 day exponential moving average.
But it is worth investing in, and also buy some hotspots and mine. I'm surely going to make a move and do same
The negative I discovered was regarding rural areas receiving less mining reward. This is due to less people living there obviously. The devices themselves are being produced from what are essentially beefed up raspberry pi's. The development isn't open source and their protecting their proprietary hardware and creating a hardware manufacturing cartel. All of this information can be ascertained by merely looking into developing one yourself, which is how I discovered it's not possible. As with anything, my researched concluded with high hopes they'd address these flaws before Signal gets one setup free and open source. Or some other company with an eye for improving this technology which is still in its infancy.
Mining HNT is done by installing a simple device on your office window. That's it. Seriously. Hotspots provide miles of wireless network coverage for millions of devices around you using Helium LongFi, and you are rewarded in HNT for doing this.
Short Answer: It's definitely worth investing in.
Long Answer: Yes, but if you order now you need to wait a few months before getting anything, also you need space (a lot of space) and other Hotspots nearby for optimal performance.