03-30-2023, 11:21 AM
Helium Network may have gotten its final nail in the coffin with the launch of Amazo
<table> <tr><td> <a href="https://www.reddit.com/r/CryptoCurrency/comments/125yzho/helium_network_may_have_gotten_its_final_nail_in/"> <img src="https://a.thumbs.redditmedia.com/g1ab5BeYJZjdXwp-czBnVOUsK1xeoBukbblSgd19ju0.jpg" alt="Helium Network may have gotten its final nail in the coffin with the launch of Amazon Sidewalk network." title="Helium Network may have gotten its final nail in the coffin with the launch of Amazon Sidewalk network." /> </a> </td><td> <!-- SC_OFF --><div class="md"><p>Remember those Helium miners? Tiny little computers with antennas that would power the Helium Network, a decentralized wireless Internet of Things (IoT) network using the LoRaWAN system. Those miners were rewarded with HNT tokens for providing bandwidth to the network. </p> <p>The first wave of miners were rewarded big, maybe even hundreds of dollars a day at one point, then as more and more people jumped on it until it was mere pennies a day for investing into a 500-900 dollar shiny box. It was starting to look like a ponzi and it probably was. </p> <p>At this point, there was absolutely no utility or customers for this network that would ever ROI its investors or token holders. </p> <p>Well Amazon released something that is pretty much the same thing just WAY bigger and no token needed </p> <p><a href="https://preview.redd.it/og1zjz1ifqqa1.png?width=640&format=png&auto=webp&s=a322161753c80b2b399590b13d3bfb60d2676ce0">Amazon Sidewalk Coverage</a></p> <p>​</p> <p>The Amazon sidewalk network, the long-range, low-bandwidth network can give any IoT device free low-speed data coverage. It already covers 90% of the US population and it is ready to interface any low cost gadget for virtually free with minimal power draw, smart watches, dog trackers, security doorbells you name it. </p> <p>Helium network was already a bleeding project, recently the token was delisted from Binance and most miners are in the red with their hardware, barely making a few cents a day for a network that barely has any customers. Amazon Sidewalk will onboard millions of users in a year or two and this will be the new standard for cheap wireless connectivity. </p> <p>Sources:<br/> <a href="https://www.theverge.com/2023/3/28/23659191/amazon-sidewalk-network-coverage">https://www.theverge.com/2023/3/28/23659191/amazon-sidewalk-network-coverage</a></p> <p><a href="https://www.yahoo.com/lifestyle/helium-plunges-23-binance-delisting-224951700.html?guccounter=1&guce_referrer=aHR0cHM6Ly9zZWFyY2guYnJhdmUuY29tLw&guce_referrer_sig=AQAAAAH38UleIajI7zHJ0Nu3IAPvghjL93SpLi63OKKluWC_avWp0m9L0JdgmlaOLrPx_iN7ys31O7-QuFT5unhTV0RWFrFbx4wmOvz-0yFeOS94YEG0m8lsKchvFzJAkPG_e5Yj4lj-7g_QI5nHiAI1sYUe-eVBW3aheiPbo7WBPgzA">https://www.yahoo.com/lifestyle/helium-plunges-23-binance-delisting-224951700.html</a></p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Fritz1818"> /u/Fritz1818 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/125yzho/helium_network_may_have_gotten_its_final_nail_in/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/125yzho/helium_network_may_have_gotten_its_final_nail_in/">[comments]</a></span> </td></tr></table>
<table> <tr><td> <a href="https://www.reddit.com/r/CryptoCurrency/comments/125yzho/helium_network_may_have_gotten_its_final_nail_in/"> <img src="https://a.thumbs.redditmedia.com/g1ab5BeYJZjdXwp-czBnVOUsK1xeoBukbblSgd19ju0.jpg" alt="Helium Network may have gotten its final nail in the coffin with the launch of Amazon Sidewalk network." title="Helium Network may have gotten its final nail in the coffin with the launch of Amazon Sidewalk network." /> </a> </td><td> <!-- SC_OFF --><div class="md"><p>Remember those Helium miners? Tiny little computers with antennas that would power the Helium Network, a decentralized wireless Internet of Things (IoT) network using the LoRaWAN system. Those miners were rewarded with HNT tokens for providing bandwidth to the network. </p> <p>The first wave of miners were rewarded big, maybe even hundreds of dollars a day at one point, then as more and more people jumped on it until it was mere pennies a day for investing into a 500-900 dollar shiny box. It was starting to look like a ponzi and it probably was. </p> <p>At this point, there was absolutely no utility or customers for this network that would ever ROI its investors or token holders. </p> <p>Well Amazon released something that is pretty much the same thing just WAY bigger and no token needed </p> <p><a href="https://preview.redd.it/og1zjz1ifqqa1.png?width=640&format=png&auto=webp&s=a322161753c80b2b399590b13d3bfb60d2676ce0">Amazon Sidewalk Coverage</a></p> <p>​</p> <p>The Amazon sidewalk network, the long-range, low-bandwidth network can give any IoT device free low-speed data coverage. It already covers 90% of the US population and it is ready to interface any low cost gadget for virtually free with minimal power draw, smart watches, dog trackers, security doorbells you name it. </p> <p>Helium network was already a bleeding project, recently the token was delisted from Binance and most miners are in the red with their hardware, barely making a few cents a day for a network that barely has any customers. Amazon Sidewalk will onboard millions of users in a year or two and this will be the new standard for cheap wireless connectivity. </p> <p>Sources:<br/> <a href="https://www.theverge.com/2023/3/28/23659191/amazon-sidewalk-network-coverage">https://www.theverge.com/2023/3/28/23659191/amazon-sidewalk-network-coverage</a></p> <p><a href="https://www.yahoo.com/lifestyle/helium-plunges-23-binance-delisting-224951700.html?guccounter=1&guce_referrer=aHR0cHM6Ly9zZWFyY2guYnJhdmUuY29tLw&guce_referrer_sig=AQAAAAH38UleIajI7zHJ0Nu3IAPvghjL93SpLi63OKKluWC_avWp0m9L0JdgmlaOLrPx_iN7ys31O7-QuFT5unhTV0RWFrFbx4wmOvz-0yFeOS94YEG0m8lsKchvFzJAkPG_e5Yj4lj-7g_QI5nHiAI1sYUe-eVBW3aheiPbo7WBPgzA">https://www.yahoo.com/lifestyle/helium-plunges-23-binance-delisting-224951700.html</a></p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Fritz1818"> /u/Fritz1818 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/125yzho/helium_network_may_have_gotten_its_final_nail_in/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/125yzho/helium_network_may_have_gotten_its_final_nail_in/">[comments]</a></span> </td></tr></table>