Got my 2 miners set up and running.

$$$$

What was your startup cost and what's your current rate of return?

So I bought 2 RAK miners, April 4th 2021. It took almost a year to receive them because of back orders and chip shortages. I just got them last week.

They were $420 each when I bought them

I had one set up with stock antenna just in my spare bedroom upstairs and it was making .12 HNT a day

I ordered 2 x 6dbi antennas and LMR 400 cable it was like an additional $250

I installed the antenna on the peak of my roof, appx. 7m high. Now that miner is pulling in .24 - .30 HNT a day, yesterday was .28

My second miner I never ran on the stock equipment I waited for the new antenna. I installed that at my dads house on the peak of his roof appx. 8m high. That miner is pulling in .30 - .50 HNT a day, yesterday was .427

The current market price of HNT is $24.92

Using yesterday’s statistics as the example:

.28 x $24.92 = $6.98 a day
.427 x $24.92 = $10.65 a day

$6.98 + $10.65 = $17.63 a day

$17.63 x 365 = $6,434.95 a year

Startup cost for the 2 RAK miners $840 + $250 for antennas and cable = $1,090

60 days(2 months) x $17.63 = $1,057.80

So in 2 months I should have met my ROI.

This is at the current rate of $24.92. In November 2021 HNT peaked at $50.74

What about utility bill?

So this is how i would think of your costs.

Initial layout:
ppe = 1090
man-hours to set up infrastructure = ? (you can fill this in yourself cause i have no idea how long it took you)

Fixed costs per period:
internet bill = ?
Maintenance Capex = 923.33
Variable costs per period(costs that change based on volume):
utility bill = ?
commissions / transaction fees = ?


Notes:
1) The PPE needs to be depreciated over time. Im not sure how long mining equipment lasts, but im going to try to make a safe assumption and say you'll need to replace them each year. I also assumed the antenna and cable will last 3 years, which results in a yearly capex cost of 923.33 or 461.66 per rig

$1 a month, give or take. It uses the same amount of electricity as a 5w light bulb

This a city thing, or would it work in the middle of nowhere? I've got starlink dishy up on a 20M pole, would it work up there?

It really depends on if there are miners around you and you can reach them

https://explorer.helium.com/

And just go to your area to see



This video is a simple breakdown on how the network and miners work

This post was edited by EmericAn on Mar 30 2022 12:29pm

I mean, if I hosted a miner in the middle of nowhere would it even earn tokens? The video and quick articles make it seem like you get paid for network flow or something.