You can choose a random hotspot and then edit its location to where you plan on putting one to get an estimate of your transmit scale value.Midas Technologies was initiated by some senior investors in the blockchain industry, bringing together experts in wireless product development. The reward scaling tab provides tons of useful insights and has the functionality to edit placements of current hotspots. To get a more in-depth understanding of the transmit scale for a hotspot checkout Hotspotty. Also, adding your hotspot to the Helium blockchain could potentially reduce the transmit scale of others around you, as this does make the hex denser. Note however your transmit scale could be different from others in your hex since this value is based on multiple ranges in areas of density and not just the density of your hex. In particular, look at hotspots in your hex and compare their transmit scale values, as you are likely to get similar numbers. We can start by looking at the transmit scale values for the hotspots near you on Helium Explorer. Transmit scale is a multiplier (0–1.0) that is applied to your rewards and is a reflection of the hotspot density in that area. It may be difficult to understand the underlying scaled rewards calculation, but what we really need to know is if the potential transmit scale (previously named reward scale) value for your hotspot is 1.0 or very close to 1.0. Target density varies by hex resolution, as detailed in the HIP and defined in several chain variables. The Witness earns less if the number of Hotspots in the area of the Transmitter exceeds the “target density”.Randomly shuffles the valid received witness receipts, and selects up to 25 of those valid to write to the chain.Witness: each additional witness past a total of four reduces what is earned by each witness in that challenge.Transmitters: the more witnesses, the more the Transmitter earns.The Helium Improvement Proposals (HIP) cover these in-depth, specifically HIP15 and HIP17 have a detailed explanation of how rewards are calculated. The number of hotspots in the hex tile of the transmitter.The rewards earned when being witnessed or witnessing depend on two things: Originally all PoC rewards were divided equally however, to promote the installation of hotspots in areas with insufficient coverage and penalize hotspots in areas with duplicate coverage, reward scaling was introduced. The majority of rewards are likely to come from Proof-of-Coverage (PoC), that is rewards for being witnessed or witnessing. Hotspotty homepage Understand How Reward Scaling Affects Your Earnings If you feel like you can have a better setup than most hotspots in your area, then great, your earnings are likely to be more. This can help determine what having a similar setup in the area can earn by contrasting setups with data on the explorer. Using this data, drive-by hotspots nearby to see if the owner’s setup is visible. The best hotspot location is somewhere not too close to other hotspots but still close enough to still receive signals from them.Īlthough the Helium Explorer does not show the exact hotspot locations pinned by the owner, this can be seen on Hotspotty. If there are too many miners performing poorly in your hex, this may not be a good sign, nor if there aren’t any other miners nearby. This explorer will show the number of hotspots in a hexagon and the amount of HNT these hotspots have been mining for the past 30 days. Start by researching how other miners nearby are performing, all hotspots on the network can be found on the Helium Explorer (the map is represented as hexagons, if interested in how this mapping system works check out this article). The location of a miner is a key factor in the amount of HNT you earn. It is first important to determine if you are in a good location for helium mining. It goes over what Helium mining is, the different types of rewards, and how I got my miner set up. If you haven’t already checkout my first article to see how I got started in Helium mining: I Tried Helium Mining for a Month And Made $419.54 USD!. In this article, I will cover the due diligence I took before deciding to purchase a miner and suggest you do the same before choosing to join The People’s Network! Earning $3.30 USD per day may not be so appealing to most especially when a decent setup can cost upwards of $1000 USD. The daily network mining average is currently around 0.11 HNT per day which at a market price of 30 USD/HNT is only $3.30 USD. Although this works well for me, it may not for everyone. I’ve had recent success in Helium mining and have been able to maintain rewards of $400+ per month.
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