FAQ-Bobcatminer.com – IoThotspots.Network Helium Miner,HNT, MXC, BTC, MatchX, Emrit,Syncobit, Bobcatminer,Nebra, Rak, Calchip (2024)

We’ve designed the app to be pretty intuitive when on-boarding a new Hotspot, but sometimes a little additional information can help clear up any lingering questions about what to do next. Here are the basic steps when installing your Hotspot:

Step 1: Download the app. If you already have, it’s recommended to check if there are any updates available.

Step 2: Sign in or Create Account.

  • Don’t forget to write down your 12 word seed phrase, and keep them safe!! These can not be recovered if they are lost.

Step 3: Plug in the Hotspot:

  • Pretty easy, right? Plugging it into the outlet automatically powers it up. You’ll see the light do the following:

  • The yellow light come on after about 5 seconds. It will stay yellow for around 30 seconds as it boots up.

  • The light will shut off for about 10 seconds and come back as a light green.

All told, it can take 45 seconds to a minute for it to boot up all the way, but that yellow light will appear pretty quickly

Step 4: In the app, go to the Hotspots tab at the bottom of the screen and click the green Set up Hotspot button. That will walk you through pairing up over bluetooth.

  • FYI, this is done through the app, it won’t show in the phones ‘bluetooth devices’ area. Note that both Bluetooth and Location Services need to be enabled in both the phone settings as well as the app settings.

  • If you’re having trouble pairing, please check out the Hotspot Setup Troubleshooting Guide for suggestions.

Step 5: Connect to the internet. This can be done by selecting the WiFi network or plugging in an Ethernet cable.

Step 6: Add the Hotspot to the Blockchain.

  • Depending on when exactly your Hotspot was produced, it may require a firmware update as well. You’ll see a page in the app of this if it’s required. In that case, you just need to leave it plugged in and connected to the internet for about 15-20minutes…so you can take a break, go grab a coffee, watch some TV, etc, and then come back, re-pair over bluetooth, and proceed through the steps. At that point, as long as the internet has been properly connected it will have automatically updated and you’ll be able to skate through the setup.

  • You’ll see a note about On-Boarding Fees. For Hotspots purchased directly through helium.com, we waive this $40 fee (paid in Data Credits) for you!

Step 7: Set your Location

  • There will normally be a $10 fee to set your location (also paid in Data Credits), this is covered by Helium for the first two assertions but will incur a Data Credit cost after that. The fees are used to validate and safeguard the network.

  • Once past this screen, you can specify the location by zooming in on the map and Confirm Hotspot Location.

  • Note that this is not done automatically and is required before tokens can be earned.

Step 8: You’re done!

  • Please allow 24-48 hours to fully sync the blockchain.

  • Note that we do push firmware updates regularly, so even if you do not see the screen noted above, your Hotspot will most likely update itself. This does reboot the Hotspot as well, so do not be alarmed if the light goes white for a little while, as that’s the firmware updating.

  • Once it’s synced, and if you’re data hungry or curious, you can monitor your Hotspot and the Network from within the app, or from one of the two following pages: Our network visualizer: https://network.helium.com/coverage and by pasting in your wallet address here: https://explorer.helium.com/

For more information about what your hotspot is doing while it’s running, see the My Hotspot collection of articles in the support center.

FAQ-Bobcatminer.com – IoThotspots.Network Helium Miner,HNT, MXC, BTC, MatchX, Emrit,Syncobit, Bobcatminer,Nebra, Rak, Calchip (2024)

FAQs

Is it still profitable to mine HNT? ›

Helium Farm confidently affirms that the answer is a resounding yes. With its innovative approach and lucrative mining plans, Helium Farm continues to make Helium mining not only accessible but highly profitable.

How much will my Helium miner make? ›

One way to measure profitability is ROI ( return on investment ) or how many days it takes to recoup your upfront cost. In January 2022 you could expect to pay $1200 for a Helium miner and earn on average $4 a day and get your upfront cost back in less than a year.

What does a Helium hotspot crypto miner do? ›

Helium compatible hotspots are devices that take the form of hardware containing a radio chip and firmware; they spend tokens by paying Miners to send data to and from the Internet. Miners can earn HNT tokens (Helium coins) by providing wireless network coverage via hardware (gateways/hotspots).

How do I connect my Helium miner to the Internet? ›

Setting Up Your Helium Miner: How to Do It
  1. Download the Helium App and Create an Account. ...
  2. Generate a 12-Word Seed Phrase. ...
  3. Verify Correct Seed Phrase Order. ...
  4. Set a Six-Digit Pin for Your Account. ...
  5. Add a Helium Hotspot Miner to the App. ...
  6. Connect Your Hotspot Miner to Bluetooth and Your Router.

Is there a future for HNT? ›

Technical analysis suggests a potential increase for Helium in 2025. The minimum HNT price expected for 2025 is $10.88 while the maximum one is $13.09. On the other hand, the average forecast suggests it may reach $12.11.

Is mining in 2024 worth it? ›

In a Nutshell

Crypto mining is still profitable in 2024, but it requires careful planning and strategy to maximize your profits. To be successful in crypto currency mining, select the correct hardware. Join a mining pool and use renewable energy. Keep track of the market trends and consider cloud mining as an option.

Which Helium miner is most profitable? ›

List of Top Helium Miners
  • SenseCAP Miner.
  • Browan MerryIoT.
  • Milesignt LoRaWAN.
  • Nebra ROCK Pi.
  • RADACAT COTX-X3.
  • Bobcat Miner.
  • MNTD Miner.
  • Dusun Indoor Hotspot Miner.

Should I sell my Helium? ›

Deciding when to sell Helium depends on your individual financial goals, risk tolerance and market conditions. Consider factors like price trends, your investment timeline and potential tax implications. You may want to consult with a financial advisor and conduct thorough research before making any decisions.

How to mine Helium on phone? ›

Anyone can mine MOBILE by deploying and maintaining 5G Hotspots, which provide 5G wireless coverage to anyone in range, while maintaining and verifying the network. Deployment involves setting up your 5G Hotspots and connecting them to the network.

Do Helium miners need wifi? ›

Helium miners require internet connectivity to communicate with Helium servers for Proof-of-Coverage (PoC) and connect the low-cost LoRaWAN access points to transfer data.

What is the benefit of helium hotspot? ›

The Helium Hotspot provides hundreds of square miles of connectivity and can transmit data at a fraction of the cost of a cellular network. Helium uses an open-source LongFi architecture, which combines the LoRaWAN wireless protocol and the Helium blockchain.

What can Helium Network be used for? ›

Helium is used to easily connect devices on the Internet of Things by using low power with efficiency and effectiveness. Helium also enables mining of HNT, as well as staking, so users can make a profit based on their network participation.

Can anyone connect to a helium mobile Hotspot? ›

Helium Mobile Wi-Fi is a new feature that provides additional functionality for Helium Mobile Hotspots by offering connectivity for everyone, even if they are not Helium Mobile subscribers yet.

How do I activate my Helium Hotspot? ›

  1. Initial Setup.
  2. Unbox the Helium Mobile Hotspot.
  3. Firmware Update.
  4. Download and install the Helium Mobile Builder App.
  5. Log in to Helium Mobile Builder App.
  6. Set your Hotspot's location.
  7. Connect to the Hotspot.
  8. Register the Hotspot.

What ports need to be open for Helium miners? ›

Before launching the Miner, you will want to configure ports on your network to forward two ports:
  • 44158/TCP: the Miner communicates to other Miners over this port. ...
  • 1680/UDP: the radio connects to the Miner over this port.

Why is HNT losing value? ›

Later in 2022, the depegging of the UST stablecoin and the collapse of the associated LUNA cryptocurrency created market turmoil which saw the HNT price drop to $6.59 on 12 May.

What is the long term forecast for HNT? ›

According to our Helium price prediction, HNT price is expected to have a -2.26% decrease and drop as low as by July 28, 2024. Our analysis of the technical indicators suggests that the current market feeling is Bullish Bearish 13%, with a Fear & Greed Index score of 68 (Greed).

What is the most profitable coin to mine? ›

The Best Crypto to Mine in 2023
  1. Bitcoin (BTC) Current Mining Reward: 6.25 BTC/block. ...
  2. Monero (XMR) Current Mining Reward: 0.6 XMR/block. ...
  3. Litecoin (LTC) Current Mining Reward: 12.5 LTC/block. ...
  4. Ravencoin (RVN) Current Mining Reward: 2500 RVN/block. ...
  5. Zcash (ZEC) ...
  6. Dogecoin (DOGE) ...
  7. Dash (DASH) ...
  8. Grin (GRIN)

Do Helium hotspots make money? ›

Helium generates proof-of-coverage when “miners” provide wireless network coverage for its hotspots. This coverage includes cryptographically verified locations and time. Miners submit proof-of-content to the network to get paid in Helium (HNT).

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