Blockchain networks, including Bitcoin and Ethereum blockchains, rely on mining to verify a transaction’s legitimacy. People can mine cryptocurrencies using powerful hardware such as application-specific integrated circuits (ASICs) or central processing units (CPUs). The Helium Network, however, has made mining cryptocurrencies via a decentralized network possible.
Miners utilize advanced Long Range Wide Area Network (LoRaWAN) transmitters, such as the Bobcat Helium Miner, to extend network coverage and mine $HNT more efficiently. In this article, we’ll discuss the uses of a Bobcat Helium Miner, along with its hardware and software features. Check out the rest of this article to learn more.
What Is A Bobcat Helium Miner?
Bobcat Miner is a Helium Network-compatible device that can efficiently mine cryptocurrency tokens. It works well with Helium LongFi, an integrated network protocol between Helium Blockchain and the LoRaWAN network.
Aside from being a great resource in generating passive income by mining $HNT, the Bobcat Helium Miner is also interoperable with all types of LoRaWAN devices. Hence, demand for Bobcat Helium Miners grew exponentially, with more than 980,000 hotspots shipped in 187 countries and 30% of the global market share.
What Is It For?
Instead of relying on CPUs or ASICs to mine cryptocurrency tokens, miners now opt to use a Bobcat Helium Miner.
The Bobcat Helium Miner is equipped with advanced radio wave technology, which can be used to perform extensive Helium mining for long periods of time. In addition, with its compatibility with The People's Network, the device can be used as a hotspot and provide long-range wireless coverage. By doing so, Bobcat Helium Miner broadens the network’s coverage and allows an individual to obtain $HNT.
Basically, the Bobcat Helium Miner is a fully independent and highly-efficient $HNT mining machine.
Benefits Of The Bobcat Helium Miner
As the recipient of the 2021 Helium Noble Awards, the Bobcat Helium Miner is considered by many as one of the best hotspot devices on the market today. Here are some of the benefits provided by the Bobcat Helium Miner:
LongFi compatibility. Helium LongFi, an innovative technology platform that integrates the Helium blockchain and LoRaWAN network, is designed to work well with the device.
Equipped with 4dbi Antenna. With its powerful antennas, the Bobcat Helium Miner is able to significantly enhance and expand network coverage. In turn, Proof of Coverage results are improved, leading to an increased $HNT earnings.
Powerful quad-core processor. The Bobcat Helium Miner has a built-in industrial-grade Rockchip PX30 processor, one of the most advanced quad-core processors.
Extensive storage capacity. Equipped with 64 GB eMMC flash, the Bobcat Helium Miner offers greater memory capacity and improved data security.
OTA update. With the OTA update now available in the Bobcat app, miners can now easily change their location settings.
Energy saving capabilities. The Bobcat Helium Miner is relatively energy-efficient. In fact, the device only uses 0.12 kWh of electricity per day, which is equivalent to the power consumption of a 5W light bulb.
How Much Can You Earn Using A Bobcat Helium Miner?
Regarding $HNT earnings, the amount you may receive depends on the number of connected devices to your hotspot network and your network’s coverage. Additionally, your location is also a crucial factor when mining $HNT coins. On average, a Bobcat Helium Miner can mine 0.11 HNT a day, which at market value is equivalent to $2.4 per $HNT.
Hardware Components Of The Bobcat Helium Miner
Bobber’s Bobcat Helium Miner, specifically the 500 series, is equipped with high-quality hardware, including:
- Processor (CPU) — this component is the brain of all computing devices. It handles the bulk of information processing and allows the Bobcat Helium Miner to perform its function. The Bobber 500 has an Intel Atom quad-core x6413E processor capable of 1.5 gigahertz of clock speed.
- RAM Memory — this component stores any short-term data received by the device. It allows the Bobcat Helium Miner to quickly access any relevant data to mine $HNT. The Bobber 500 comes with 4GB of DDR4 SO-DIMM RAM with a power consumption of 1.2 volts.
- Networking — The Bobcat Helium Miner requires Wi-Fi or Ethernet cables to connect to the Internet in order to mine successfully. As such, it is equipped with a gigabit eNB port and a gigabit WAN port capable of 5G speeds.
Software Features Of The Bobcat Helium Miner
The Bobcat Helium Miner can be remotely managed using the Bobber App. Besides contact support, troubleshooting manuals, and installation guides, the app also includes a web dashboard. Users can manage, monitor, and assign hotspots to several different hosts using the Web Dashboard without compromising their seed phrase.
In terms of security software, the Bobcat Helium Miner is outfitted with TPM 2.0 and Secure Boot, which allows the device only to be accessed with a cryptographic key and a good user signature.
Bobcat Helium Miner is a revolutionary LoRaWAN hotspot that supports The People's Network. In addition, it allows users to mine $HNTcoins, Helium’s native crypto token, via a decentralized network.
If you want to learn more about blockchain technology and the Internet of Things (IoT), visit this article from Trustable Tech on the convergence of IoT and Blockchain.