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Helium has revenues of $6.5k/month after $365M investment from A16Z

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Re: Helium has revenues of $6.5k/month after $365M investment from A16Z

#111

Post by aembleton »

efitz wrote: post #99

I looked into getting a Helium hotspot, but when I looked at my ISP‘s terms of service, the Helium use case is explicitly forbidden (I use Frontier Internet in Florida.) If you’re not familiar with it, what a Helium hotspot does is allow compatible IOT devices to share your Internet connection. I suspect that allowing random third parties to use your Internet connection it’s explicitly forbidden by the terms of servi…

> I suspect that allowing random third parties to use your Internet connection it’s explicitly forbidden by the terms of service of most ISPs

I suspect that most people don't read the terms of service.

Re: Helium has revenues of $6.5k/month after $365M investment from A16Z

#112

Post by guelo »

spaceman_2020 wrote: post #101
threeseed wrote: post #85

Earlier quoted context omitted.

> Its absurdly easy to make a ton of money very fast in crypto At least right now mainly be doing something illegal e.g. scamming, rug pulling, insider trading. SEC and other regulators may be late to the party but are starting to put people in jail for this fast and easy money.

I turned 10k into 300k without doing any of the above in 6 months. You need to fight your biases.

By timing the market on a coin hype cycle?

Re: Helium has revenues of $6.5k/month after $365M investment from A16Z

#113

Post by kevingadd »

tgsovlerkhgsel wrote: post #76
tsujp wrote: post #70

You can go to the Helium Explorer and look at nodes and their earnings directly: https://explorer.helium.com/ Zoom in, click a cell, click a node, click "30D" and you'll see the amount of HNT and how much that is worth at the current market rate. I didn't see any $6,500 nodes.

The Tweet seems to claim that $6.5k is the total monthly revenue of the network. The explorer seems to claim $2M (under "DC spent").

Right, and the tweet thread explains that the 2m number is inflated by the hotspots that are being activated (activating hotspots is expensive, but the activation fees are one-time)

Re: Helium has revenues of $6.5k/month after $365M investment from A16Z

#114

Post by buf »

davidguetta wrote: post #105
pembrook wrote: post #69

Earlier quoted context omitted.

Wait...what? You’re complaining about VCs pushing vapor while simultaneously admitting you participated in pumping “ponzi-like” schemes on regular people? You do realize those 7 figure returns you made were a direct wealth transfer from later-stage victims of the ponzi to you? I’m astonished you’re claiming moral superiority over VCs while sitting on wealth you took from thousands of poor people in places like Vietna…

Early investors were excited by the technology, not the promise of quick gains and speculation, like VC nowadays.. that probably where his "superiori moral", provided he meant it that way which I doubt, are. A lot of people think crypto are plain useless but that is just wrong in practice. They are de facto actual "currency", which is already a lot especially for people in third world countries whose national currenc…

Yes, this.

I had to difficult time replying to pembrook because their reply was so venomous that I felt out of breath by just how far off the mark pembrook was to how it was for me in 2017.

Crypto in 2017 really felt like the beginning of something big and amazing, like we were going to change the world's currency, solve reputation, etc.

Me personally, I've been weathered by the constant fraud. I still 'believe' in it, like I did in 2017, but I don't invest in it.

Re: Helium has revenues of $6.5k/month after $365M investment from A16Z

#116

Post by Double_a_92 »

efitz wrote: post #99

I looked into getting a Helium hotspot, but when I looked at my ISP‘s terms of service, the Helium use case is explicitly forbidden (I use Frontier Internet in Florida.) If you’re not familiar with it, what a Helium hotspot does is allow compatible IOT devices to share your Internet connection. I suspect that allowing random third parties to use your Internet connection it’s explicitly forbidden by the terms of servi…

Funnily my ISP was actually selling Helium hotspots themselves. :)

Re: Helium has revenues of $6.5k/month after $365M investment from A16Z

#117

Post by tallanvor »

jacquesm wrote: post #72
pembrook wrote: post #69

Earlier quoted context omitted.

Wait...what? You’re complaining about VCs pushing vapor while simultaneously admitting you participated in pumping “ponzi-like” schemes on regular people? You do realize those 7 figure returns you made were a direct wealth transfer from later-stage victims of the ponzi to you? I’m astonished you’re claiming moral superiority over VCs while sitting on wealth you took from thousands of poor people in places like Vietna…

Not sure about Ether, but there are plenty of people that 'bought in' to the Bitcoin idea and mined some coins early on without 'taking wealth from others'. VCs are in there for entirely different reasons, and 'later stage investors' are always at risk of having their hair cut if what they invest in isn't worth what they paid for it, after all, they too were trying to take money from later day suckers. I never paid a…

But selling those coins is taking wealth from the people buying it, and the problem is that there are plenty of buyers who don't really understand what they're buying - and sure, they share the blame for getting in over their heads, but so do the people who are doing the selling.

Re: Helium has revenues of $6.5k/month after $365M investment from A16Z

#118

Post by pas »

pembrook wrote: post #79
jacquesm wrote: post #72

Earlier quoted context omitted.

Not sure about Ether, but there are plenty of people that 'bought in' to the Bitcoin idea and mined some coins early on without 'taking wealth from others'. VCs are in there for entirely different reasons, and 'later stage investors' are always at risk of having their hair cut if what they invest in isn't worth what they paid for it, after all, they too were trying to take money from later day suckers. I never paid a…

The miners absolutely are taking wealth from others—-I can’t believe I’m getting sincere pushback about this. The entire value of the Bitcoin you mined came from later stage “investors” in Bitcoin.

Wealth is not a zero sum thing. Are they getting USD (or drugs, or whatever) for their BTC? yes. obviously.

is this good? well, ordering mob hits on some darknet site via BTC is obviously bad, whereas ordering magic mushrooms is much better than funding street gangs.

meanwhile burning down the planet just to calculate hashes endlessly? obviously bad.

Re: Helium has revenues of $6.5k/month after $365M investment from A16Z

#119

Post by mcculley »

Double_a_92 wrote: post #116
efitz wrote: post #99

I looked into getting a Helium hotspot, but when I looked at my ISP‘s terms of service, the Helium use case is explicitly forbidden (I use Frontier Internet in Florida.) If you’re not familiar with it, what a Helium hotspot does is allow compatible IOT devices to share your Internet connection. I suspect that allowing random third parties to use your Internet connection it’s explicitly forbidden by the terms of servi…

Funnily my ISP was actually selling Helium hotspots themselves. :)

I have long thought that ISPs should charge by bandwidth used. It would incentivize improving infrastructure. Any ISP that would charge by bandwidth used would want their customers reselling bandwidth.

Re: Helium has revenues of $6.5k/month after $365M investment from A16Z

#120

Post by Strom »

Someone wrote: post #106
bobnamob wrote: post #90

Earlier quoted context omitted.

I think you need to go a layer or two deeper to find the shovel vendors, maybe those selling compute?

Nvidia and AMD sold quite a few GPUs to crypto miners.

It seems that they also bet on the hypetrain lasting longer. They are now trying to cancel some of their TSMC orders. [1] They'll probably end up with a juicy profit overall anyway, but perhaps the more clear shovel sellers here are foundries like TSMC and Samsung.

--

[1] https://videocardz.com/newz/nvidia-reportedly-wants-to-cut-t...

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