Helium will launch 5G miners?
Helium is preparing to launch its new 5G network thanks to a partnership with Dish, an infrastructure provider for this type of network. The 5G nodes, according to tentative dates, could begin to be deployed by the end of 2022.
The news of the association was picked up by the Bloomberg news portal, in which it was learned that Dish would be in charge of providing the new 5G connection equipment for the Helium network. Up to now, it has more than 240,000 connected nodes in the United States, Europe and Asia.
The Helium network allows to offer internet connection through a decentralized network. The connection nodes, in this case, work as miners and generate HNT (cryptocurrency native to the network) offering coverage and stability to it.
Currently Helium only allows small connections within what would be IoT (Internet of Things), as is the case with lamps, kitchens, or smart screens. With the expansion to the 5G network, it is expected that users will be able to have an Internet connection from their mobile phone.
It should be noted that in April of this year it was learned that Helium was already preparing its way to 5G, with the announcement of two hostpots (miners) in association with the company FreedomFi, with costs ranging between USD 1,000 and USD 5,000.
Dish, for its part, would now be in charge of offering both 5G connection infrastructure and new devices, together with those of FreedomFi. The price and availability of them for sale to the public remains to be seen.
As Helium is currently experiencing a rather complicated delivery delay for its old 4G miners, it remains to be seen what lead times these new 5G devices will have.
Helium mining profitability
Helium mining varies greatly from traditional cryptocurrency mining, both Proof-of-Work (PoW) and Proof-of-Stake (PoS), as it is all about maintaining and scaling a network connection to the internet. .
The miners are separated into 2 systems: the validators, which cover the network, and the data transmission systems. Each one generates different returns, which varies depending on the geographical location.
Nodes installed in the city of New York, in the United States, which have a large number of users, can generate more than USD 1,000 per month according to data from the Helium portal. In a report made by CriptoNoticias, it was learned that, in some areas of Spain, citizens generated more than USD 400 per month with their Helium nodes.
In the case of Latin America, the situation is very different, since, due to the low mass of connected nodes, and this being a critical point in HNT mining in Helium, the activity is very unprofitable. In cities like Medellin, in Colombia, which have a small number of connected nodes, the profitability reaches about USD 20 per month.
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Each miner can offer either internet access to the network or file transfer.
Some miners can generate USD 1,000 per month depending on the geographical location.
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