https://cyberbump.net/the-helium-network-is-a-huge-ponzi-scheme/ 2021 Jun 06 ,,I’m going to walk you through the details, why I think that the Helium Network token’s price is massively inflated. Helium Inc has likely been running a Ponzi scheme, and the users are not going to receive their miners. Even if they do, there is no real usage of the network, which currently only receives 600 MB of data per month, and generates less than 4000 USD value per year. Please don’t preorder miners. All this data is available online."
I almost invested in a miner. The stats look good on the front end but held off. One less rekted alt in my crypto portfolio.
The thing generates around $8 of profit per month. The price will likely to go down of the coin, thus, you would need, only ~6 years to break even.
I got introduced to H-Miners which wanted to place miners on high situated places. I felt the greed when I found out what they were doing. The thing holding me back was - why the heck would I ever use it if there is 4G and 5G everywhere people do live nearly by. Bubble. 100% sure.
The Helium ponzi was well known months ago. You seem to be a little late to the realized party, but thanks for finally showing up.
Please tell something, new. I didn't knew that they incorporate rigs into ponzis. That's why i shared.
Helium started as a peer-to-peer radio mesh network in 2013, they pivoted to crypto in 2019 and exploded with nodes in 2021.