Posted May 4, 2021

Helium - a Cryptocurrency that you Mine via Radio Waves

Mining has always been an important part of the cryptocurrency industry and without it the acquisition of some of the largest cryptocurrencies such as Bitcoin (BTC) or Ethereum (ETH) would be impossible. 

However, the mining of the mentioned cryptocurrencies requires a lot of electricity and expensive graphics cards, which have been lacking lately, on a global level.

Just because of this, Helium and its network are becoming very interesting because mining does not require expensive graphics cards or high power consumption.

What is the Helium Network

The Helium network is a decentralized blockchain network designed to enable low-power wireless devices to communicate with each other. 

Similar to the WiFI network, only this network works on the principle of peer-to-peer, which is the concept of serverless computer networking

Peer-to-peer became popular after the advent of Napster, and perhaps the most recent example of the application of the peer-to-peer concept is the BitTorrent.

That is the program for illegally ‘downloading’ video content. 

We didn’t mention Napster by accident because one of the founders of Helium is Shawn Fanning who also created Napster.

The Helium network was launched in July 2019 and is designed as a decentralized blockchain network drive that is primarily intended for IoT devices (internet of things).

This is because it allows low-power wireless devices to communicate with each other and send data to each other via their networks of nodes, focal points or simply hotspots.

Helium Blockchain

Helium Blockchain is a new blockchain built from scratch to encourage the creation of decentralized public wireless networks, and is based on a new working algorithm called Proof-of-Coverage (PoC).

PoC rewards miners at HNT’s original Helium blockchain token for helping in building and network development. 

Proof-of-Coverage is a unique operation algorithm that uses radio waves to check the operation of hotspots.

How to mine Helium

The thing works in such a way that the user buys a hotspot device from Helium or some other approved manufacturer, which currently costs about $ 500 and installs it in its place.

So the user becomes a participant in the network.

In addition of helping in creating a global Helium network, hotspots mine Helium alone  in the form of Helium tokens that are transferred to a Helium wallet.

With those tokens you can do whatever you want, just like with any other cryptocurrency.

As for the hotspots, there are companies that offer them for free, but they take as much as 80 percent of your mining.

So it is a better option to order the ‘original hotspot’, regardless of the waiting time, which can be several months.

Whether helium mining pays off depends on several things. 

First of all, cost-effectiveness depends on the amount of miners in a particular area and the data that hotspot devices receive and transmit. 

This means that the more devices are close to each other and the more data passes through them, the higher the earnings are. 

On the official website there is a map where it is possible to check all active devices nearby.

The price of Helium

Since July 2020, the price of the Helium Token (HNT) has increased by 770 percent, from $ 0.35 the price has risen to $ 2.70 in early February.

The current price (April 01, 2024) is $ 5.56.


It is a popular Cryptocurrency exchange because they list more than 100 different coins. It is one of the most trusted platforms as they support multiple fiat currencies like USD, EUR, RUB, TRY etc. It has become so popular that it has stopped creation of new accounts.


From day one, they are designed and built for newcomers and experts alike. They become one of the largest bitcoin exchanges, serving clients in over 190 countries, and continue helping people discover the world of crypto. Learn How to buy Tron.


Established in 2013, London based is a Bitcoin exchange as well as a cloud mining providing company. The company supplies both a trading platform and brokerage services for Bitcoin, Ethereum and a range of other cryptocurrencies.


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