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A Journey into Helium Mining: A 30-Day Experience with MNTD Gold Spot by Rack Wireless
Thirty days ago, I embarked on a journey to better understand and partake in the world of helium mining. Throughout this journey, I utilized the MNTD Gold Spot by Rack Wireless. Now, two weeks later, we’ve opted to release a video and this article to share our experiences with this noteworthy device. If you’ve not yet seen the video, feel free to check out the link in the top right corner of our channel.
The Initial Setup and Struggles
Our helium miner started its journey on the edge of my property, nestled cosily on a windowsill. Although the miner had a good view and wireless connection, the setup did not come without its fair share of struggles. Chief among our issues was syncing the miner to the blockchain. This process took almost two weeks to complete and was fraught with varying issues, such as outdated information on helium networks and resource sites.
Despite this, two weeks into our journey, our hotspot was working—but minimally. Our 30-day snapshot showed us that we were earning 15 and 10 cents a day. Not only was the amount meager, but our reach was also limited to just six witnesses during this period.
Gains from Attic Relocation
Following our initial experiment, we relocated our hotspot to our attic for two weeks. We noticed significant improvements in the setup’s profitability and reach within this period.
To assist in better understanding the setup and the improvements, take our attic’s picture into perspective. The helium miner was mounted to a makeshift junction box fitted with a light switch and an independent power supply. With this setup, our miner now sits about twelve feet higher than its previous windowsill location.
Using helium explorer, we noted considerable improvements in our profitability. Over the past seven days, our miner earned $68.10, a massive leap from the previous 15 cents from the windowsill. Our two-week earnings stood at $133.35, and over the 30-day period, we earned $161.
While these figures are impressive, it’s important to note that these numbers were adversely affected by a near-zero earning day and a day of very low earnings. With this in mind, we’ve concluded that the potential earnings of our setup are considerably higher than we’ve currently achieved.
In addition to improved profitability, we also noted a massive increase in our miner’s reach. The miner, while in the attic, had been able to connect with 21 witnesses. Interestingly, we had gotten as high as 32 witnesses at the peak of its performance.
Online Vs Offline Issues
In the past few days, we’ve experienced some issues with our miner going offline, which has impacted our profitability and connection with witnesses. While we’re working on resolving this issue, it’s important to note that our test results reflect significant improvements in both miner reach and profitability.
Next Steps: Antenna Installation
Following these exciting results, we’ve decided to mount a 5.8 db antenna to the top of our attic. We believe this would significantly improve the miner’s performance once the miner is back online. The antenna installation process requires a cable connection (potentially an lma400 cable) from the miner to the top of the attic. Once mounted and fully operational, we hope to see increased connectivity, possibly reaching up to 40 witnesses.
We remain open to feedback and other antenna recommendations associated with the installation process. With your input, we can make better decisions that would contribute positively to our helium mining journey.
While our primary goal is to understand helium mining better and how to get the best out of our MNTD Gold Spot helium miner, we’re also mindful of the financial implications.
Given our present earnings of $161.32 based on the current price of helium and our initial investment of $400, we’re optimistic about recouping our investment in less than three months if our miner operates optimally. This would be a significant return on investment considering the short period.
Helium mining has been a journey of discovery and improvement for us. From initial struggles with setup and blockchain syncing to relocating the miner to the attic that resulted in significant performance boosts, we’ve come a long way.
We look forward to improving our setup further with the addition of an antenna and potentially more helium miners. This hands-on experience has allowed us not only to understand helium mining better but also identifies potential for substantial profits in a short time period.
As we continue to explore and learn more about helium mining, we eagerly await your feedback and shared experiences in the comment section below. Don’t forget to give this article a thumbs up if you found it helpful, and consider subscribing to our channel for more updates.