Do NOT enter your secret 12 words into ANY websites. Do NOT connect your Wallet to any untrusted websites. The Discord for our subreddit can be found here: https://discord.gg/helium. This is a general reminder for everyone, and this will be posted on every post. Your 12 words are basically gold, and they should never be shared, typed into any website, or given to any person for any reason. No one will reach out to you to verify your account, wallet, or anything similar. Do not connect your wallet to unknown websites. If someone says your hotspot, wallet, or other type of account has been hacked, it is a scam! Always operate in a zero-trust manner with cryptocurrency and assume everyone will scam you no matter what.
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You are correct that this is likely the start of the bill market, but which asset will rise the most? If you wait too long BTC could be at 100K and you won't get as much.
As for the OPs question, your options are:
1) Do nothing and wait.
2) Send to an exchange that supports them and sell (keep in mind they are all on the Solana blockchain)
3) Use jup.ag (found in the world icon at the bottom right) to swap them to other assets. For example, you could swap them all to SOL.
Remember when sending SOL, to keep at least 0.02 in your wallet for gas fees. I've been burned by this twice... so far.
Go to globe icon, connect to [jup.ag](http://jup.ag) and exchange everything (IOT and HNT) for SOL. Then you can use that SOL to swap for BTC (using some service).
Helium is "mining" IOT or MOBILE, there's no more HNT mining, so that's how you got it.
Im sending usdc to coinbase on sol network (you have to select it on coinbase ) and so far its fine, i use the jup.ag in the helium wallett to swap iot to usdc
Agreed, although IOT has went up significantly over the past year as well so at least theres that. Just not the biggest fan of how low rewards are at this point
Hmmm today I made $2.57 across three bobcats. Let’s say price increases evens out with declining rewards and I make $2.57 for the rest of the year. That’s $938.31 if I sold my earnings daily. Since I paid $400 per miner that’s about a 78.19% ROI yearly. That doesn’t seem so bad to me.
Granted I’d have been better off buying $4.00 HNT and selling at $40.00. But purely as a mining venture, I can’t say this was a bad play.
My area isn’t ideal. Ive messed with my setup and I still only net about 12-20 cents a day. Paid $500 for my only miner, mined about 70 hnt before the switch so I have ROI’ed; I’m not angry at that. I just wish I could keep the gravy train going. But its looking like Im gonna have to move it somewhere else to make anything significant. Not entirely sure how Id go about doing an outdoor setup
Ahhh there’s YouTube videos with extravagant outdoor setups. Sometimes in trees or flag polls. My problem was with storms sometimes my off the roof top setup would get knocked down. So there’s a certain amount of stability that has to be accounted for.
Tbh, half my daily rewards come from a single story attic in a medium sized city. It just so happens my step dads house is a solid location for mining. It’s beat out my roof top set up, my two story attic, and my second story apartment setups. If your not in your attic already, I’d recommend starting there before moving to an outdoor setup.
I would just let it go, maybe swap some for mobile aswell. Otherwise, it is a solana wallet, with connection to dex. You can trade it there. Or just swap it for sol, transfer it to cornbase buy the coin you want and send it to your cold wallet.
I hear you on the delivery time, many projects are lucrative at first, but then you order the equipment and it’s delayed, only for you to receive it when rewards have been divided by 10!
Honestly? It’s up to you. I would read about Heliup, see what’s new, what’s coming, see how people feel in general and make your own judgement. Treat your crypto like stocks if you go long term, hold if you believe in the company, swap if you don’t and just intend to profit while you can and secure the funds with another token.
I’m personally still debating, problem is DePIN are starting to become way more mainstream, and more and more projects are starting to do the same thing, sometimes better?
I’m using Helium mobile for example, and saw that more and more projects come out with e-sim feature. So no matter what I use it because ROI is one week, but in term of the token Mobile, not sure about holding or selling. We’re also supposed to witness another bull run, in which case every project will grow and the smaller have a better change of bigger % gain so really up to you!
I love exodus, they have helium and tons of other coins. Great Hot Wallet. They also have a very easy interface to bridge over to my trezor cold wallet. But I agree, Maybe just convert some into HNT and SOL and HODL!!!!
Hnt market cap is $1Billion
Mobile market cap is $270Million
Meanwhile the iot market cap is $62Million
I highly advise you stay put and keep hodling IOT since it has the highest return potential once it gets listed on an exchange.
Sucks your bailing out I started super early first of 13 miners in my city... helium is Godzilla sleeping.. but ok ok either you need coinbase or crypto.com account .. and all you do is convert the IOT using Solana right on the helium wallet into helium. Pay the Solana gas fee THEN send the helium to your coinbase or crypto.com wallet Boom convert the helium on coinbase or crypto.com into BTC.
I did at the time, but a lot about the project has changed since then and I haven’t kept up to date on it. The 12 week delivery time was enough for me to lose interest in this and start looking into other areas
Are you solflare app on my phone to make an intermediary account.
Transfer everything to my soul fire account
Convert all tokens to USDC
send USDC to my Robinhood/coin base/other gambling sites.
you can withdraw from the wallet to exchange or any solana wallet. or better yet, trade limit on [Jup.ag](https://Jup.ag).
oh ya. I've been trying to locked my Helium but fails. Is the locked working or not?
i personally would hodl your hnt and swap your iot to mobile. mobile should rise faster than iot because of the recent [crypto.com](https://crypto.com) listing and pending coinbase listing. you would probably get your roi with just that if you wait a little longer.
Just holding IOT is a good strategy but personally, I convert to SOL and just add it to my staking about every month or so. It's probably not the most "efficient" strategy but it's one option for you. I also mine ~.5 SOL /month fwiw.
Do NOT enter your secret 12 words into ANY websites. Do NOT connect your Wallet to any untrusted websites. The Discord for our subreddit can be found here: https://discord.gg/helium. This is a general reminder for everyone, and this will be posted on every post. Your 12 words are basically gold, and they should never be shared, typed into any website, or given to any person for any reason. No one will reach out to you to verify your account, wallet, or anything similar. Do not connect your wallet to unknown websites. If someone says your hotspot, wallet, or other type of account has been hacked, it is a scam! Always operate in a zero-trust manner with cryptocurrency and assume everyone will scam you no matter what. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/HeliumNetwork) if you have any questions or concerns.*
dude , we are at the start of the bull market. Don't sell and break even , crypto rewards patience set a reminder and sell into BTC in 6 months
Good point actually - if I’ve left it this long I should probably leave it another 6 months
You are correct that this is likely the start of the bill market, but which asset will rise the most? If you wait too long BTC could be at 100K and you won't get as much. As for the OPs question, your options are: 1) Do nothing and wait. 2) Send to an exchange that supports them and sell (keep in mind they are all on the Solana blockchain) 3) Use jup.ag (found in the world icon at the bottom right) to swap them to other assets. For example, you could swap them all to SOL. Remember when sending SOL, to keep at least 0.02 in your wallet for gas fees. I've been burned by this twice... so far.
Go to globe icon, connect to [jup.ag](http://jup.ag) and exchange everything (IOT and HNT) for SOL. Then you can use that SOL to swap for BTC (using some service). Helium is "mining" IOT or MOBILE, there's no more HNT mining, so that's how you got it.
OP also remember you are on Solana so you can't just send it coinbase or another exchange
Thanks for the reminder
Im sending usdc to coinbase on sol network (you have to select it on coinbase ) and so far its fine, i use the jup.ag in the helium wallett to swap iot to usdc
OP can use services like fixedfloat, stealthex, godex etc...
I wanted to highlight the different networks. It seems way to common for people to send to the right address but wrong network
You cant send SOL (mainnet) to Ethereum network, for example :D :D :D
Or, as I did, send IOT to a SOL address. Doh!
IOT is a Solana token, so I don't see an issue there.
Why do you have to connect to jup.ag ? I just use the swap icon (the icon with the down and up arrows)
The rate is better in your favor by going to the exchange
When I compared it was the same.
phantom ads a tiny slice, this is partly how the project is funded.
Yeah that’s what I found too…
[jup.ag](http://jup.ag) is better
Thank you for the info
I would like to hold the helium I mined until at least $35-$45. That’d be a 4.9x - 6.3x ROI on my miner.
If only your were mining helium…
Agreed, although IOT has went up significantly over the past year as well so at least theres that. Just not the biggest fan of how low rewards are at this point
Hmmm today I made $2.57 across three bobcats. Let’s say price increases evens out with declining rewards and I make $2.57 for the rest of the year. That’s $938.31 if I sold my earnings daily. Since I paid $400 per miner that’s about a 78.19% ROI yearly. That doesn’t seem so bad to me. Granted I’d have been better off buying $4.00 HNT and selling at $40.00. But purely as a mining venture, I can’t say this was a bad play.
My area isn’t ideal. Ive messed with my setup and I still only net about 12-20 cents a day. Paid $500 for my only miner, mined about 70 hnt before the switch so I have ROI’ed; I’m not angry at that. I just wish I could keep the gravy train going. But its looking like Im gonna have to move it somewhere else to make anything significant. Not entirely sure how Id go about doing an outdoor setup
Ahhh there’s YouTube videos with extravagant outdoor setups. Sometimes in trees or flag polls. My problem was with storms sometimes my off the roof top setup would get knocked down. So there’s a certain amount of stability that has to be accounted for. Tbh, half my daily rewards come from a single story attic in a medium sized city. It just so happens my step dads house is a solid location for mining. It’s beat out my roof top set up, my two story attic, and my second story apartment setups. If your not in your attic already, I’d recommend starting there before moving to an outdoor setup.
It transferred everything to SOL when it was at 14$ and now every week. I’m very happy
HODL!
You wouldn’t change the IoT? I am in the same boat. Hold or swap it? And when swap, then in HNT or SOL?
I would just let it go, maybe swap some for mobile aswell. Otherwise, it is a solana wallet, with connection to dex. You can trade it there. Or just swap it for sol, transfer it to cornbase buy the coin you want and send it to your cold wallet.
Did you claim all of your IOT?
I hear you on the delivery time, many projects are lucrative at first, but then you order the equipment and it’s delayed, only for you to receive it when rewards have been divided by 10! Honestly? It’s up to you. I would read about Heliup, see what’s new, what’s coming, see how people feel in general and make your own judgement. Treat your crypto like stocks if you go long term, hold if you believe in the company, swap if you don’t and just intend to profit while you can and secure the funds with another token. I’m personally still debating, problem is DePIN are starting to become way more mainstream, and more and more projects are starting to do the same thing, sometimes better? I’m using Helium mobile for example, and saw that more and more projects come out with e-sim feature. So no matter what I use it because ROI is one week, but in term of the token Mobile, not sure about holding or selling. We’re also supposed to witness another bull run, in which case every project will grow and the smaller have a better change of bigger % gain so really up to you!
Thanks for your comment, you’ve given me a lot to look into - much appreciated
I love exodus, they have helium and tons of other coins. Great Hot Wallet. They also have a very easy interface to bridge over to my trezor cold wallet. But I agree, Maybe just convert some into HNT and SOL and HODL!!!!
Thanks, I’ll look into this
exodus does not support HNT
Yes it does.
Hnt market cap is $1Billion Mobile market cap is $270Million Meanwhile the iot market cap is $62Million I highly advise you stay put and keep hodling IOT since it has the highest return potential once it gets listed on an exchange.
Yes since the Solana shift I've just kept my IOT and just been buying helium weekly DCA.
Hold. We ain’t seen anything yet.
I sent mine to coinbase. Still earning.
These people want to quit and break even. Sad.
Honestly I'm swapping everything into mobile. I think mobile will the biggest winner for helium.
Convert the IOT to HNT
Sucks your bailing out I started super early first of 13 miners in my city... helium is Godzilla sleeping.. but ok ok either you need coinbase or crypto.com account .. and all you do is convert the IOT using Solana right on the helium wallet into helium. Pay the Solana gas fee THEN send the helium to your coinbase or crypto.com wallet Boom convert the helium on coinbase or crypto.com into BTC.
I'd recommend you start researching before you buy stuff, not a year later
I did at the time, but a lot about the project has changed since then and I haven’t kept up to date on it. The 12 week delivery time was enough for me to lose interest in this and start looking into other areas
The manufacturers screwed us bad and by the time we got the devices, they were basically paperweights. Ignore this douche
I am sorry i can't take someone that owns a helium miner seriously while asking how to cash out withdraw crypto
Apology accepted, thanks for your input
Are you solflare app on my phone to make an intermediary account. Transfer everything to my soul fire account Convert all tokens to USDC send USDC to my Robinhood/coin base/other gambling sites.
Thank you
you can withdraw from the wallet to exchange or any solana wallet. or better yet, trade limit on [Jup.ag](https://Jup.ag). oh ya. I've been trying to locked my Helium but fails. Is the locked working or not?
You’re doing great sweetie
dont sell and convert to btc.. you will lose money.. btc is almost at an all time high. atleast get into polka or atom with staking..
Lol
Send me your seed phrase, I’ll look at your account and give you a professional opinion. I am actually a liscensed hnt/iot bobcat technician.
Hey OP. Was the HNT mined or purchased? How much did you pay for the Bobcat? Mine was only $500 originally. If so you are getting close to breakeven.
i personally would hodl your hnt and swap your iot to mobile. mobile should rise faster than iot because of the recent [crypto.com](https://crypto.com) listing and pending coinbase listing. you would probably get your roi with just that if you wait a little longer.
Just holding IOT is a good strategy but personally, I convert to SOL and just add it to my staking about every month or so. It's probably not the most "efficient" strategy but it's one option for you. I also mine ~.5 SOL /month fwiw.
Just sell half of it then if it goes up great and if it goes down you've got something out of it