Participants earn HNT by mining and building coverage for The People's Network using compatible Hotspots.
Mine Crypto with Radio
The People’s Network is powered by an entirely new incentive model made possible by the Helium Blockchain.
How do i earn HNT?
Proof of Coverage
Relay Device Data
How are Tokens Earned?
Hotspots earn HNT for building and securing network infrastructure and transferring device data.
The amount of HNT distributed to Hotspots depends on the type of “work” they perform based on the value to the network. This validation of network contribution is accomplished by a new work algorithm called Proof-of-Coverage (PoC).
To participate in PoC, Hotspots receive instructions (or ‘challenges’) to transmit payloads to any nearby Hotspots to witness and verify. These single-hop challenges are also known as ‘beacons’. Hotspots without neighbors earn less as they can only issue Challenges, and are unable to have their beacons verified. After the first year, distribution amounts adjust.
1. Challengers: 0.95%
Hotspots are chosen by the network to issue challenges, encrypted messages over the Internet, to a target group of Hotspots. Challenges are used by Proof-of-Coverage to validate wireless coverage. Hotspots can issue challenges from any location, not just to local Hotspots.
2. Proof-of-Coverage: 5.31%
Hotspots earn a share of HNT for participating in Proof-of-Coverage and validating their peer’s wireless coverage. The amount each Hotspot earns depends on how often it is directly involved in Proof-of-Coverage activity.
3. Witnesses: 21.24%
Hotspots that monitor and report Proof-of-Coverage activity (beacons) of other Hotspots receive a portion of HNT depending on how much activity they’ve witnessed, and the reward scaling of the Challengee.
4. Network Data Transfer: 32.5%
HNT is distributed to Hotspots that transferred data from devices on the network. The amount of HNT is allocated proportionally based on the amount of data a Hotspot transferred.
5. Consensus Group: 6%
Hotspots are randomly elected to the Consensus Group to perform tasks including validating transactions and publishing new blocks to the blockchain. Group members receive a portion of the 6% distributed to the Consensus Group.
The Value of HNT
Millions of compatible devices can use The People's Network and each device requires Data Credits (DC) in order to send data to the Internet.
Fixed in value, DC are created by ‘burning’ HNT, reducing the total supply to achieve a Burn and Mint Equilibrium. The more devices using DC, the more HNT will be burned.
Mine Crypto with Radio
The People's Network is powered by an entirely new incentive model made possible by the Helium Blockchain.
A New Kind of Crypto Miner
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. And because of an innovative proof-of-work model (we call it “Proof-of-Coverage”), your Hotspot only uses 5W of energy.
A World of Hotspots
Since the approval of HIP 19, Third-party Manufacturers and Vendors looking to produce and supply Hotspots that mine HNT can seek community approval.
Below are the Hotspot models that have so far been approved by the community and tested by Helium.
HNT Outdoor Hotspot Miner
HNT Indoor Hotspot Miner
Bobcat Hotspot Miner
RAK Hotspot Miner