The Billion Dollar Network No One Uses
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- เผยแพร่เมื่อ 16 พ.ค. 2024
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Video Editor: Harry Bagg / harryrbagg
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This video is an opinion and in no way should be construed as statements of fact. Scams, bad business opportunities, and fake gurus are subjective terms that mean different things to different people. I think someone who promises $100K/month for an upfront fee of $2K is a scam. Others would call it a Napoleon Hill pitch. - บันเทิง
If there’s one stupid lesson that crypto has taught us.. it’s that there are no infinite money boxes
Idk the middle class seems to be pretty good
it's called naked shorting sure it's illegal but good luck getting the dtcc or the sec to enforce that if your a big enough company. and sure they might give them a slap on the wrist but when the punishment is 20% the money made its an operating expenditure not a preventative measure or a real punishment
Tether disagrees ....
And crypto is just way too prone to schemers, Ponzi scammers etc like an inferno hell
@@cameronhoglan haha
I'm beginning to think that isn't a real 10 million dollar studio.
Duh.
True it's a CGI 10mil dollar studio to hide the details and location of the real 10 billion dollar studio
Bro, stop FUDing
nah it is
He clearly said he is in debt, but I’d put it at 8.5m
We've tried to use it as an iot customer. Some parts weren't working, support did not answer, essential functions like downlink messages were missing. It seems that the focus was on selling new boxes instead of onboarding new customers.
Shame.
The money isn't in the crypto, it's in the hype train.
That's not your money though. It goes to the scammers at the top.
@@aluisious be the scammer
@@if7723 yeah yeah yeah dude just jump in at the top. Promise you'll make loads of money if you buy RIGHT NOW!
that statement shows just how little you know about crypto, it all depends on the coin choose right and its very similar to the stock market and the american dollar, do some research because im doing just fine with my setups making me 500 a month as of RN. but i dont suggest anyone get into it without proper research its morons thinking its easy money that are the problem lol
Buy in before the rest, watch the sheep being led to slaughter, don’t be the one caught holding the bag. Profit? 😂
The book "This Time is Different" from 2009 examines eight centuries worth of financial scams---hopefully the authors will update it to cover the latest BS that is crypto, NFTs, etc.
man they chose a very suiting title
Highly recommend that book. There is a solid audiobook version too if anyone is interested.
agreed, Reinhart & Rogoff had the most comprehensive book on it (compared to Paper promises, Inflated, and other books on the topic that came around the same time)
They can't, the book would easily triple in size
That phrase seems to be the essence of crypto schemes. Supports claim their project isn't like all the others...until after it's clear they won't be getting their money back. And some will happily jump onto the next project to champion.
Two friends of mine bought $11000 worth of miners.. in February. As much as I love being right, I don't ask them about it
Hopefully they've realized now that crypto is one gigantic flowing grift
If they're not impatient like 99% of Helium miners and investors, your friends will be more than ok.
@@julianob.a.6365 lmao
@@Sentralkontrol Nice argument
@@julianob.a.6365 lmao
I hope the helium hardware can be open sourced to allow it to become a proper lorawan gateway.
maybe when the company eventually collapses.
It was originally, unfortunately they licensed it to a few producers that could not keep up with demand. And then take a look at the income stream. The income from data packets cannot support the infrastructure.
As far as i am concerned - lora isn't an open standart, aka at best they could open source everything but the actual lora module and i am guessing that's exactly where the bottleneck in manufacturing was since lora isn't exactly a wide adopted standart at this point.
#1 problem here. The average person doesn’t understand crypto, nor will ever. Using crypto and something as complicated as blockchain (that 90% burns more in electricity bills than it makes in money), is a horrible business idea and will never be adopted widespread. Crypto bro type people will always pray that everyone will want it, but its simply not sustainable when it just cannot provide real world material assets
@@goldenhate6649 "but you dooont understaaaand brooo" the battlecry of crypto bros trying to push normal people to lose money so the bros could recoup their costs.
"money printing machines" Dark RP vibes are strong with this one
You guys just don't get it, like at all. The value of HNT is from REAL MONEY that was put into that market. It's not just value from thin air, as you're suggesting.
@@seriousskateboarding9938 cope
@@seriousskateboarding9938 Your copium tank's running low.
@@lostman313 seethe
@@seriousskateboarding9938 yes and the issue was that not enough money was coming into the market to support the market, leading to its collapse. The same issue that inevitably happens with Ponzi schemes, or MLM's...the money dries up.
"Fuck, Coffee is doing a video on ANOTHER thing my roommate invested in."
"Roommate", sure.
@@Bruceylancer I don't have the disposable income to play the market like a Navy Chief does. He got me to buy 10 bucks of SafeMoon, but he still doesn't think Karony is a scammer.
@@Galaar mine friend was a even sadder case, guy all of his meagre savings in Bitcoin, I tried to convince him that the market was too unstable and now here we are.
@@Galaar guys lucky he will have that retirement...
@@Jim_WoodPike_Gherkin_WangWick when did he buy? Cause there’s a TON of us still in the green
These guys have figured out how to tap into the desperation market. They know people are struggling, so they keep putting out 'free money' boxes because they know people will buy them.
Very well explained! As you say, it's quite a complicated ponzi-like scheme where miners FOMO'd into these boxes due to the returns but were really getting paid by new miners. Quite clever really because it looks like a business offering a legit service and you'd only cotton onto the scheme if you knew how few people are really buying the service.
if thats your 2 dimensional understanding of a ponzi scheme you do you man
not at all explained. He hasn't talked about any of there partnerships nor the companies actually using the chain. If you don't understand something don't make a BS video on it. complete reach he never even talked about DINO or T-Mobile lol
@@TycenYT heavy shitcoin-bag or...?
@@TycenYT can you elaborate? T-mobile is not listed and DIMO seems to be another crypto scheme but related to cars, is there any info to dispute the lack of demand?
@@TycenYT hello conman. Cares to explain ?
Excellent, excellent analysis. We've been sounding the 'alarms' since the very beginning - not on the crypto side, as we don't know much about crypto, but on the 'technical/RF' side, which is what we know best - and even tried more than once to let Helium know some things (network testing, antenna placement, coverage, capacity) didn't add up. They didn't listen - or didn't want to. It's a huge shame because it doesn't do anyone justice: the investors, the users, the crypto/IoT/engineering/RF sectors: Everyone is a loser here, although some more than others...
I never heard criticism of the RF side. Where were the problems? Does Meshtastic have similar problems?
I should knew better, scam project indeed
A friend was trying to get me to do this 6 months ago. I told him I couldn't see any customers and I thought it was a Ponzi scheme
Well, it is.
@@Yora21 I've already made back my cost of the miner, people are coming in late and complaining that its a scam, lol.
Edit: I guess arriving early to the party is considered a scam or Ponzi scheme now? Really simple: if I had to share a pizza with 3 people or 8 people in which situation would I get more pizza?
@@discontinuity ur a dbass. A ponzi works when the first few can cash out, luring more in.
@@discontinuity yeah that's literally what happens in ponzi schemes
Which part of helium do you think is a Ponzi scheme, who am I selling on buying miners? Coffeezilla didn’t even understand the network and how rewards are distributed, onboarding new miners and fees are not paid to other miners.
I bought a helium miner 2 years ago because at first I liked the idea, but I sold it with 100% profit 1 year ago. I saw this coming. Best decision ever.
smart
still think that was the right descision? i just waited 4 years, and now reaping the rewards
Oops what a horrible decision lmao 😂 You must be kicking yourself hard right now. You really sold in a bear market at $2, and now it hit $11 earlier. Potentially going up into the $60 range or so 💀💀💀 just here to remind you of your “best decision ever” 🤣🤣🤣🤣🤣🤣
I was always curious on what the helium network actually did and why it made money
lol, exactly my first thought since the very beginning, it is just one more ponzi.
It was supposed to establish an IoT mesh. Basically any devices that used IoT technology were going to be able to exchange data on the cheap through this network. i.e. dog tags, tracking devices, bags, cars, etc
That was the idea anyways
@@JimmyHernandez2187 iot is kek. Same as vr. Its all kek doa 'tech'
@@ivaerak VR is great though. It just develops kind of slowly. But the core tech works perfectly as it should work.
@@JimmyHernandez2187 who was supposed to pay to use this mesh service
It sucks because companies like this with a "value" got me excited in crypto. I'm glad I didn't buy a miner.
i bought 2 cause the utlity made me think that unlike most cryptos this one actually had value....
i lost about 1.5k worth combined after my mining rewards
It had promise but the team dropped the ball. Crypto is viable but 99% is trash
Same
Yeah me too. Still kind of want one though lol
@@bendan2505 The machines are listed as being about $450, how'd you lose $1.5k on 2 machines?
I'm surprised at how willing people are to just throw their money away on these things.
Everyone wants quick money, but people fail to realize is that there isn’t a thing as free money let alone just let the money come in by letting it sit. That just doesn’t make any sense.
they literally just saw that other people were making money and they did the quick math and hoped in. Most people in the crypto space still don't understand how any of it even works.
@@AikiraBeats I mean I made 4k net off of two helium miners but sure
i swear i'm the only one who comes from a poor family and isnt a trust fund baby with millions of dollars in inheritance to squander.
@@ZentexE you fail to see the big picture. Which is why in the long run you're a sucker. Sure some people will win the lottery, or some money on a slot machine.
Passive income, high apr %, staking rewards... The biggest red flags in crypto.
When I first heard of helium, I was really interested. But then I went to research how the mining happens and where the money comes from and noped out quickly
Btw don’t engage with what I believe is a bot above
Nah bro that's my man coffee
Your loss there, the early days when crypto was at a high were nuts
@@RGBeanie it's not a loss if it's just a mirage
Lol when it hits 5 billion mc you’ll regret selling ….. 😂 it’s goin nowhere but up !!!!!!
Turns out, you don't need an Internet of Things if you don't buy any Things to Internet.
This guy doesn't realize he's on the internet.
I was making around $10000 a month until I saw what was going on. The data credits went no where. The deals never happened with IOT devices. And... the ponzi became evident. There is also a lot you left out such as major investors who built "giveaway hotspots with shared earnings" around companies and made "side deals" with IOT companies of there own. Like you said, eventaully a ponzi goes bust and thats what happened with helium, and now they are scrambling to keep it alive and suck maximum amount from people who are willing to keep sending them, and their partners, money.
They might be trying to land big partnerships first to try and tap into their large reach before later deciding to open up to the broader audience, where a few small companies may have the potential to gain marketshare thus allowing Helium to ride their success.... My personal speculation is they're seeing what large companies will bite.... if they don't they're gonna need to rethink their strategy.
Did you completely cash out before it crashed?
@@Happy-go-luckyTV lmfao, copium is strong, if they CAN land a big partnership they would have already done so in the past when they were at their peak and they would have brag about it everywhere.
I doubt any big companies would even touch their product with all these bad press and especially their data transfer credit revenue being only 2.5k usd per month, there's no chance they would land any partnership lmfao
@@Happy-go-luckyTV hopium
riddle me this batman...how was salesforce going to use the platform....????
the concept sounds good, but honestly they should have made the radio multiple frequencies to begin. That way they could have had the LongFi stuff and a regular hotpot using 2.4Ghz or some other frequency that's widely used (even setup a 4G network with some FCC licences) - especially as there was never any devices that could use the IoT frequency. They didn't think that far ahead when they designed this thing.
Lmao, they can't sell basic 2.4ghz because it's not trendy. WiFi is understood moderately by the average person already, and they already have a router at home giving them WiFi, why would they buy another device that all it will do is make their WiFi public and then give them tokens? People know WiFi can only be used in close range, so if they look out their window and see nobody is near their home and are getting rewards, they'd realize the whole thing is nonsense. However, sell them the idea of 5G, which they don't have a device doing that in their house, and that means someone far away COULD be using their 5G hotspot, and they won't question the reward system.
I was pretty early in on this project. I was 16/17 and just started with crypto so i was clueless and actually believed this would work. And it somehow did i made around 4/5 times my money back. After some time I realized i was just really early into a sort of ponzi scheme
like everything else in crypto is too. I hope you realized it now and you pulled out of the crypto swamp
How much did you make anyways?
@@lordsysop around 3/4k Euros
@@HeavyMetalGamingHD I dont really think all crypto's do the same but im definetly staying aways from stuff like these
It's funny how people think IoT is the best thing to happen. I was taught at a government security facility that if a target has IoT devices, it's only a matter of time before you are able to compromise them.
hmmm...apps to unlock doors to houses and cars, turn on heaters and A/C units, turn on water faucets, run vacuums, record programs...what could possibly go wrong or get hacked? pffft....
"Matter of time" = Less than a day if the target is an average household. Doesn't even need IoT, your smartphone is enough. Your SIM card has root access, it's "easy" enough to make it download malicious programs onto your phone. That's how the gov't does it most of the time to access a target's camera, microphone or anything else really. You can protect yourself quite easily against untargeted attacks, but the moment someone targets you specifically you're fucked unless you have whole teams monitoring your systems and networks 24/7. Even Jeff Bezos got hacked and easily at that.
@@EldeNice fucking glowies
Not if you have something like ZigBee devices that only connect to a local gateway (and thus can't directly access your LAN). Stuff that connects directly to WiFi tends to be terrible, because hardware companies often suck at software, and especially at security. If however everything only works locally, and you can only access it remotely through a single well-secured point (though granted many cheapo gateways and the clouds they connect to aren't great - but you can run your own on a Raspberry Pi or something), it's a much better situation overall.
@@gumbo64 That doesn't mean what you think it means
i can see it coming... how this man might expand out of his small 10 million studio box into a way bigger Network. As the real things of the internet get spread and eaten up by this worlds population. so cool seeing you get even more a feeling of how to pack in the concerning points about topics and people but still letting yourself stay so unassailable. totally appreciated!
The fatal flaw in the plan? Everyone is walking around with a fully functional hotspot in their pockets.
dun dun dunnnn, then Helium made 5g networks that access those machines in our pockets.
Do phones do lorawan?
@@deepspacecow2644 Just what we need - long range WIFI coming from a device that is 10 feet away from our computer and AppleTV.
@@deepspacecow2644 No
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I have saved myself from all the hassle that chaotic market causes. These days the best way to come into the market space is reading, studying, patience and seeking guidance when necessary, due to my line of work i can’t handle my portfolio so i just copy the trades of ''Mr, Josef Dennis'', a FA i saw on Bloomberg business news. It’s been smooth since then.
@Thomas Robert I was so big on gold and Silver but a few months ago I discovered Bitcoin and Ethereum. Listening to lots of stuff from Josef Dennis. has been really helpful in my journey.
I want to make good profits and learn how to stop loss..
lol is this just a bunch of bots having a conversation
@@ebile Yep
I could care less about crypto and NFTs but never miss an episode. You seem like a cool dude, you're a smart ass and I'm sure interesting to hang w. I appreciate a witty smart ass. Congrats on the success.
Couldn't care less*
"I could care less" means you care at least a little bit and, well, could care less than that
@@tomlxyz it's how the expression goes get over it
@@tomlxyz it's how the expression goes get over it
@@vuixcagua1789 No it's not. "could care less" makes no sense and people have just been saying it wrong
Thanks bro
Helium: makes your voice high pitched when you realized you've been scammed.
It's like it's just a bunch of gas floating away
at one point HNT was worth $50, then the developers rug pulled it and now living like kings somewhere
"Passive Income" has become a real red flag phrase. Like I know it's a legitimate thing, but whenever I hear a TH-camr mention I tune them out
some of the only "passive" income is when you do like invest into real estate.
and even that is not that "passive" as you still have to
1. find someone you rent your apartment to
2. fix something when it's broken
3. research legal things to consider
4. taxes n shit
5. other stuff like facility management
I see it with my mom. it's alot of doing phone calls and running after people...
the only real passive income is intellectual property ownership, and its only passive income if you can successfully license it after the huge number of unpaid hours of labor that initially went into it
If you have that kind of talent and hard-earned skill and a library of past works, you can generate passive income. Thats just about the only real good way. Might also be able to get passive income from renting a botnet or scamming crypto enthusiasts.
Bad move. I can live comfortably off passive income just from the crypto I’m stalking.
It’s not a real thing. If you are making money without selling your labor you’re stealing someone else’s labor
So a buy in that will never be cost effective, setup fees, verification fees, location transfer fees, additional misc. hidden fees, and the entire thing is a system based on the participation of other users and on boarding more users?
*THIS IS A TIMESHARE!*
If this could create a distributed WiFi network allowing people to just share their fibre connections at home and then borrow while out would work pretty fine. This could mitigate massive data fees to relatively cheap fibre connection.
But ISPs and wireless operators would definitely have problem with that.
I've been as skeptical about anyone about crypto but Helium was the one thing I was willing to try because it actually had a [more] compelling use case. Still, my earnings are definitely down and after $1k of equipment I've mined maybe $250 worth in about a year given the coin's decreasing value.
but thats really nothing to do with "crypto" but a failed follow through by a company, like any buisness
Well yeah given the current market it's not great. But it's still a very popular coin that has a purpose.. it's not like the network size is decreasing any time soon.
I can see it coming back when the market bouces back.
Copege
1/4 cost in 1 year is good in any business
@@samuelwhittenburg8742 not if the returns continue to diminish towards 0.
Wow I've made about 3k with mine and I started OCT LAST YEAR so idk how yall not making anything
Taking all your old videos off of private was a goated move Coffee 🙏 Love the old videos
I watched you 3 years a go, then just a day ago i suddenly saw your channel again, and im glad i did just subbed aswell, keep up the great work :D
Recession got swapped to *AMZ75X*
Scam alert
You must work so hard on this channel, the quality and quantity of your videos is incredible.
Thanks bro
It's interesting because in the middle of the video I was thinking "I wonder how much more useful this would have been as a cellular thing". And then I got near the end where you mentioned they pivoted into 5G. What an interesting turn, almost like they should have done that from the start.
He didn't hear of the Fon network, which was doing a similar thing, without the crypto, many years ago: you could be a Bill (make some money from people connecting to your AP) or a Linus (you got free access to other Fon APs, instead of making ching ching). They didn't even have an IoT angle (it wasn't a thing)
Yeah I was almost about to click the buy button on this several years ago. Glad I didn't. I was on the fence because they never actually said what devices connected to the router. It just felt like a "trust me bro" kinda thing
You would have made good money if you bought it years ago.
Buying a bobcat yrs ago would have made you bank dude
When I heard about it I thought it was interesting but at the time it was already hardly possible to be profitable in a bigger city so I didn't even look into it any further. I think it's one of the better dressed ponzi schemes though.
You missed out hard few Years ago you would of been so early and made a killing.
If you look at these things and think "damn too bad I didn't buy it early" then you really need to re-think your financial choices because you absolutely will lose money investing in shady ponzi businesses. Don't let a couple people that won the lottery convince you to gamble. It's not venture capital, it's simply irresponsible.
Thank God someone is finally talking about this, I stumbled upon this rabbithole a few weeks ago and found it insanely interesting
I almost ordered one of these things early on. Mainly because I like the idea of building a secondary mesh network that can live outside of current internet infrastructure if needed. But I thought it was also neat that, at t he time, the miner would pay itself off in a few months' time.
same here man, I guess we dodged a bullet there lol!
Me three. I got saved by shipping delays. Eventually canceled my order and Helium fell apart. We all dodged a bullet.
@@LungMing23 We definitely dodged a bullet
@@Smokescreen568you should check again. You didn’t dodge a bullet. You missed your chance
Lmao. I bought two late in the game and still made my money back in two months and made profits a couple of months after that. Now it makes like 20-50 cents a day. Practice no electricity cost either.
got 4 miners since at the time it really seemed like a good investment - did my research, it had a seemingly legit use case, etc. there was like an 8 month delay getting them, because obviously they took way more orders than they could fulfil. after i got them i realised pretty quickly my location wasn’t great so sold them on at 3x profit and felt quite lucky… except if i just bought the coin itself, i would’ve made 10x in the same time. glad i got out when i did because the network just seemed to keep getting worse and it got crowded in cities WAY too quickly. people with 1st gen miners raked it in though, earliest adopters won as always but as with everything they took on the most risk.
I was considering buying a miner at the beginning of the year and I’m glad I didn’t because I would’ve received it sometime right now.
Side note: I found out about helium like 4 years ago. Would’ve been cool if I invested then but I just saw it as a cool project and didn’t think about it again. Shame how it ended up.
@@crush5351 what? In February I ordered a sensecap. I got it in a week. A week ago I got one in 3 days
@@dayznation well all I knew is it taking 6-8 months to deliver maybe it’s different now either way I don’t want it
"Early investors" is funny when the company does nothing useful
@@dayznation a week ago you guy ripped off and scammed lmao
I tried telling the devs there were bugs in their code while they tested validators. At the time I was going to be one and it cost about $500,000 to stake the funds to be a validator. No one listened so I started shitting on the project on Reddit and eventually got soft-banned. I then sold all my Helium and didn't look back, glad I did when I did since they're a ghost chain.
Are you a block chain developer?
What was the bug causing?
Half a million dollars?
Why didn't you submit via hackerone?
Yeah my boss had his brother convince him to put a couple up in our shop because I guess it’s a good area. Wonder if he’ll come to get them soon
About a year ago a friend of mine constantly tried to convince me to buy one of those boxes, sharing the cost. I never accepted simply because it seemed too good to be true. And in fact it wasn't true. He bought it on his own though... I should ask him how it's going 😅
I was fortunate to get my helium miner right before they took off and become out of stock. Made a little over 6x on my investment. Now, the price is down, the payments are getting smaller, and everybody around me has one which also lowers it. It makes no sense to get into Helium at this point. If you got in early, consider yourself lucky. ROI is pretty much impossible now.
not the point, the point this video explains is about the network being utterly useless lol, nobody cares about helium miners and nobody is looking into getting one lol.
same here, I am just about broke even off my 6 hotspots and I have just been holding onto my tokens in the hopes 5g takes off. I will not be investing in more helium equipment
@@budgetking2591 Miner or network, who cares. At this point in time, nobody should be giving any money to Helium anymore.
This is absolutely false.
Ditto, minus the ROI being impossible. I'm still mining 6-8 hnt a month, so location and antenna is still key
Helium was the example crypto skeptics even considered it a possible use case. And it still failed
These things just seem to keep imploding.
The only crypto with any use is monero, but only because it allows you to privately buy drugs
Did it fail because of the crypto though? Not really. Sometimes legit ventures just don't work out
@@thewhitefalcon8539You could say that about all crypto schemes that they didn't fail specifically because of crypto. But like that obviously isn't important when the fact is that they did fail and it's always because they provided no real value.
I haven't even taken mine out of the box yet 🙃.
I have set up a few small devices that ping hotspots, sensors and remote devices mostly but it's the perfect example of a really cool technology that hasn't found a great use case yet. The discord seems pretty active tho so even if the foundation goes under I think they could organize a hard fork. They just got a big round of funding from A16z among others so that probably means the end is near.
seems active with people that got scammed
Fon did pretty much the same with WiFI about 20 years ago... except they didn't rely on crypto. It never properly worked but it was a lot more usable than Helium.
*SEND ME A DIRECT MESSAGE RIGHT AWAY*
Crypto in general makes Dutch tulips look a sane investment basically these days. Who knew a desire to build an unregulated financial system would lead to non-stop scams….
At least Tulips are tangible, this is more akin to the South Sea Bubble
No different that real life and non-crypto. becareful what you inject
@@financialfreedomforce8639 sure. currencies backed by national reserves are no different than " let's take this to the moon"
@@financialfreedomforce8639 Only if you don't understand economics you might think that's the case, and most crypto-bro's and their followers don't have more than a elementary school level knowledge of supply and demand.
hahahahaha kermit de kiker
Dude you are absolutely my favorite scam buster 👍
Love your videos man, always so informative. Also what the hell do you have in your mug that its steam is so... so.... perfect all the time. It requires its own investigation
Helium is really confusing. Ignores the whole existance of the open LoRaWAN networks like TTN that are free to use and actually get usage, and what is with the cost per node.
I spent like ~100 USD to build a DIY gateway based on a raspberry pi and some aliexpress components a few years back, and I can't imagine these guys were using better components than what I had.
Even not DIY gateways are less than $200.
My friend has a helium miner and over the span of a year he made like $50 lol
lmao
I mean, that would be pretty okay if he lived in a 3rd world country like Vietnam or Cambodia.
they cost 400 dollars lol
He would be better off planting a tree. At least he will be putting oxygen in the environment instead of creating fake helium that has no use to the world.
@@omnomnomnomnomnomnom $50 per year would not be enough even if you're in a 3rd world country.
I think this is something a classmate showed me in a computer science class. Me and a few other people pointed out that it’s something with diminishing returns and is closer to a scam.
Thanks boss keep up with the awesome detective work!
*Tʜᴀɴᴋꜱ Fᴏʀ Wᴀᴄᴛʜɪɴɢ...
Sᴇɴᴅ ᴀ Dɪʀᴇᴄᴛ Tᴇxᴛ Oɴ Wʜᴀᴛꜱᴀᴀᴘ Wɪᴛʜ Tʜᴇ Aʙᴏᴠᴇ Nᴜᴍʙᴇʀ⬆️⬆️
I had a powerful helium miner setup on my radio store at a popular truck stop.
With an array of giant antennas and a lot of through traffic it was actually pretty profitable but I understand that my use case is very niche
They've actually grown alot since this video came out.
@@jamesieboy666 it was still good profit when I moved. I just live in the middle of nowhere now so no point in keeping it running
Among all cryptos and NFTs, this is one of few I wouldn’t call fraud because it actual has an use case and benefit. The only thing is miscalculated demand.
Game of life is game of *AMZ75X*
SCAM
Was planning on getting one, thank you so much
I need to invest in ActualCoin, so I get a dollar every time Matty uses the word “actual“ or “actually“. I’ll be Scrooge McDuck in a week and a half.
There's no reason why you wouldn't be able to build one of these at home, that's why I never bought one. They just made it closed source so the manufacturers can scam people
Zero reason I shouldn’t be able to flash a Raspberry Pi and solder an antenna on and have equivalent functionality.
@@OCtheGYeah the modules they use are easy to find. LoRa (by that i mean the SPI connection between the uC the module) itself is supported by almost all new and mainstream uC.
exactly, I love mesh networks but the execution is so bad here that it wouldn't be wild to assume it was just a hustle the whole time
No they didn't, they made it closed source due to an inherent flaw. That is, if they distributed the source code, you can deploy 100-1000's of nodes in VMs and launch a sybil attack against legitimate validators, spoofing your locations and self validating your fake nodes without actually providing a service to the network. They originally planned to have DIY miners. They instead distributed the keys to manufacturers, which in itself is a problem as it is several centralized points of failure.
@@ogsandwich that's an interesting point, from the sound of it, the economics are inherently broken then. Nodes should've generated income based on the amount of usage they see, though that would be 0 anyways
Omg. I remember once I had my doubts when a guy told me he had something like “a modem that pays you to turn it on in your house.” I was immediately like how? That makes no sense. This video makes it all make sense. Lord.
I spent around $800 to buy one when I was 13-14. I severely regret it to this day
Isn't an HNT token worth $8 now?
I never thought I needed USB socks until watching this video
I didn’t even know you covered this. Your the man.
I seriously do not understand how so many people just didn’t grow up mentally and truly believe multiplying free money just exists which is just mental.
First time I've seen a video a minute after posting, hope it's a good one as usual coffee!
So was it?
They used sales force incorrectly ON PURPOSE so when they “got caught” there would be a big story about it, which there was lol. Master class in disruptive marketing.
It is a good time to invest in AMZSB2 Great potential
You mean AMZ55X?
You mean AMS66Y?
@@The20Kopel nah theres another amz5x
Fantastic journalism, as usual.
I literally shit when I saw you made a video about this lol. My cousin bought my aunt a house with Helium miners. We all thought it was insane. What happened next? My sister and her husband are now at a $22K loss from Helium miners. Thanksgiving is going to be awkward this year. Can you guess where Thanksgiving is this year? My aunts new house. 😂
Lmaooo 😂..why can’t I stop imagining this playing out.
Broo that's crazy wtf 🤣
Why did he put them all in one spot? Stupid idea
You know I came across this a year ago and I know all about it and I did my research and at the time it seemed to be a good idea. But I'm glad I didn't go through with it and buy it. Because it only depended on other miners who were in your area and it just didn't seem profitable whatsoever. And it seemed about as useful as those game gift card rewarding apps that take you months to actually build up any revenue to renew one of those. That's the catch
"did my research" lol no. thats not a thing. thats just something ya'll tell each other to join each others scams. no offense obviously.
Haha yeah ok I made over 10k off my 400 miner. Stay broke pleb
@@markheinle6319 so you don’t believe in doing your own research? Should people just not look into things and fall into scams anyways? I’m just confused on why you decided to say something so random and out of pocket. The No offense doesn’t cover the fact the comment itself was just weird as fuck.
@@Boundless-Boredom seems like a scammer thats butthurt people telling people to do their own research to prevent scams from occuring. is scamming people.
(im disagreeing with the clown above )
@@zmoney4689 You know people make money in scams right? people wouldn't run scams otherwise and the earlier you are in the more likely you are a profit.
LOOOOOOOVE THIS VIDEO.
ANOTHER BANGER Detective.
GREAT WORK, Absolutely Brilliant.
💚😎
This was absolutely fascinating.
*Whos in AMZ75X* Now that it is released I think we have a huge momentum 🚀
isn't it a scam
Spent about $20k between Helium and PlanetWatch. Now I’m slooooooowly paying off my credit card debt and suffering through a serious hopium hangover.
Sounds good!
Fuuuuuuck dudee
Coffee should do a video about drop shipping in general I'd love to see that
"The Billion Dollar Network No One Uses"
What, your bedroom? Ha ha!
Bought one of these near the hype at almost like 2k. Yeesh. All I can rlly do now is move on from my losses and learn from my mistakes. There are no golden goose miners do your research and triple check you understand why something works
Any thoughts on AMZSB2? it's the best thing since slice bread.
dont listen to him ppl its a scam bot post, the likes and replies are scam bots too
I had skepticism about this project when i learned they no longer let you make your own hotspots and you had to get an official one.
That's not decentralization.
Loving these comments. You can definitely spot the bag holders defending Helium. Shameless to try to pull other people into losing their money just because you made a poor decision.
It's all a Grift.
It's sad he didn't do his research. Nor is he an expert in IOT. having IOT devcies doesn't make you iot expert.
How is this system different than what Charter does? First time I’ve ever heard about Helium.
@@Tyler08241 Helium actually built a worldwide network.
@@domschm6599 a worldwide grifting network
Someone in crypto lied? Nah, to the moon... right?
To the sun would be more correct as they keep getting burned
@@tomlxyz lol true, I’m a early investor in Nodle, they are literally IOT and Helium’s competitor and it finally hit exchanges yesterday. Let’s just say I went to the sun too.
I'm wondering how hard or easy it is to turn an idea into a pyramid scheme
I'd be interested to see you do something on the Internet Computer (ICP)...I've seen nothing but a downtrend since it's ICO and they seem to be promoting the same "new internet" type of spiel..I've always thought there's something fishy with those guys...
Nothing fishy imo. They simply started with an insane valuation and no adoption or ecosystem, with VCs dumping the price. Plus they marketized themselves with magical words to replace well known technology like smart contracts and blocks, just to look better.
Why are people always looking to scam? Is it because they simply can?
Thats pretty much it.. if only people can stop being ignorant and stupid..
@@Anonymous-ld7je also why do you think people get rich lack of empathy
$$$ also they work in part because of the greater idiot theory. People know they can make money if they can find greater Idiots even if the underlying thing doesn't work. Of course the greatest idiot ends up holding the bag.
yup
Yes and of course he or anyone else refuses to talk about the breaking news of the year which is *Amazon released AMZ75X*
dont listen to him ppl its a scam bot post, the likes and replies are scam bots too
Interesting to see how few people are raising their concerns about this! Great video man!
*SEND ME A DIRECT MESSAGE RIGHT AWAY*
Its just that helium in america is the worst possible area to be deployed, where wifi is already basically everywhere
helium actually have potential to replace mobile data towers in the right conditions
@@just_epo As long the miners are connected to the internet over cable and not mobile data , right ? But then in an area with cable , not many persons will use mobile data anyway.
Wifi is terribly power-inneficient and low range. Devices usually have to wake up and wait seconds to be reconnected, and there has to be internet access. Lora is completely different in that it is a network all in itself. Any node can have internet access and route the packages, or even work all though the internal network without needing internet access at all. Its range can reach up to like, 15km with a pretty inexpensive device, and it's power consumption is a fraction of the wifi, and it's connection is almost instant from stand by.
@@Squire3555 It doesn't scale like wifi can though because physics. Because of that range, your messages will interfere with messages sent by other people in that area causing both messages to be lost. LoRa seemingly encounters network congestion collapse at only 20 messages per second - that's 20 messages sent by any device in a 5km radius and there's 10's of thousands of devices in region of that size in a typical city. A video call or youtube run some 200 messages (packets) per second, games are typically around 30-40/s, and that's a single device.
Tbh out of all the low effort rugpulls coming out of crypto in recent years, Helium at least has a head and tail. The idea is actually impressive, yet it seems they bet on too many variables, the critical and most brazen ones being the vendor partnerships and LoRaWAN adoption. That would have taken some serious lobbying and big background deals to pull off and that's not exactly a skill among cryptobros. LoRaWAN, while technically a greener option over 5G, is barely even known outside of enthusiast circles and late night wiki surfers, and is turning out to be zombie technology that just never made it.
I bought one of these April last year. They still hadn't sent it by April this year. I'm soooo glad I got my money back!
How did you get your money back?
@@EliteExpat A lot of these companies that make the units gave out refunds because it took them too long to get them built and shipped. Thousands of units have been refunded.
The elevation of Zilla’s content in general is impeccable! But the growth in which his Crypto Content has become Legendary! We appreciate your hard work. Keep elevating Champ
Wouldn’t it be funny if that were a $50 raspberry in a fancy enclosure 😂
The problem with this helium Bobcat miner thing is they keep changing, first the reward was hnt, now the reward is iot then they half the amount of rewards?
the Bobcat app doesn't seem to work with the Bobcat miner anymore, there's no customer services and the discord is full of idiots.
Love the videos coffee, IOT is bit more than putting Bluetooth into toothbrushes, like tracking trains and busses, monitoring sensors in construction etc
Might still have to be scrapped though. In the future we will have to save energy.
@@bobfg3130 These kind of sensors barely use any energy.
@@bobfg3130 The reason it seemed like such a good idea is because they used very little energy and only when needed.
@@JimmyHernandez2187
No, they use energy all the time. If they don't use energy they don't work.
I've used LoRa transmitters in the past, and it is pretty useful in some usecases. And i thought about buying Helium boxes not to mine but to actually grow the network.
Kinda sad the shape it is in.
Admit it bro, you bought a bunch of these and destroyed your lifesavings lololo
@@justicedemocrat9357 normal lora Board are like 20€ but also I'm a student so that's pretty much my life savings 😅
It would be interesting to see more stories about all the failed projects of the last bill run like time/memo, STRONG, and all the other DAOs.