iHub Global Frequent Asked Questions, FAQs
Q: What Do I Need To Do?
You are invited to participate in building and owning the people's network with Helium. iHub is your vehicle to realize this opportunity. Help to build a long-range (LoRaWAN) peer-to-peer network. You will be building decentralized Wireless infrastructure a key component of the IoT (Internet of Things) Wireless revolution.
Q: How Do I Get Started?
Signup for free with iHub today and reserve your Helium miner (also called Helium hotspot). When a miner is ready for dispatch, you will be contacted for verification of the suitability of your home address, office address or other address of your choice to host a Helium miner worth $500. If your address is suitable, you will be required to pay a nominal shipping cost for the Helium miner and it will be shipped to you.
Install it at your home address, office address or other address of choice and start mining Helium tokens. You or introduce someone to iHub and when they purchase an iHub Rak miner start earning a referral commission.
Q: I don't have technical knowledge of IoT, Blockchain, cryptocurrency, etc. can I participate in this business?
You don't need to be technical to be involved in this business opportunity. No prior knowledge of IoT, Blockchain, cryptocurrency, LORAWAN is required, there are weekly webinars where you will receive the required training and info.
Q: How Much Is The Unit?
The Unit is free just pay for shipping and handling.
About Helium Token
Q: What is Helium Token?
The Helium token is the native cryptocurrency and protocol token of the Helium blockchain. Its symbol is HNT. The first HNT was produced on July 29th, 2019 at 09:43PM UTC as part of the genesis block that was mined with the Helium Network launch.
Q: How Do I Earn Helium Tokens?
Hotspots earn HNT for building and securing network infrastructure and transferring device data. The amount of HNT distributed to Hotspots depends on the type of “work” they perform based on the value to the network. This validation of network contribution is accomplished by a new work algorithm called Proof-of-Coverage (PoC). To participate in PoC, Hotspots receive instructions (or ‘challenges') to transmit payloads to any nearby Hotspots to witness and verify. These single-hop challenges are also known as ‘beacons'. Hotspots without neighbors earn less as they can only issue Challenges and are unable to have their beacons verified. After the first year, distribution amounts adjust.
Q: What Can I Do With the Helium Tokens I Earn?
Like any cryptocurrency the Helium tokens once transferred to your crypto wallet, can be sold for fiat currency e.g. USD or you can retain your Helium tokens expecting that they will appreciate over time, as of 28 April 21 1 Helium token was worth $16.65. On 7 April 21 1 Helium token was
Q: How Many Helium Tokens Can I Expect to Earn in a Month?
It depends on the quality of the coverage the Hotspot provides and the amount of LongFi sensor data they transport for devices on the network. In locations where there are several hotspots, you will earn more Helium tokens whereas in areas where there no Hotspots you will earn fewer tokens, however as the number of Hotspots in the area increases the number of Helium tokens generated will increase, which is why building the network is key to the success of the business. Hotspots generate a few tokens to around 1000 plus per 30 days based on the quality of the coverage they provide. You can refer to the iHub compensation plan for more details.
Q: How Frequently Will I Be Paid Helium Tokens and How Will I Be Paid?
When you sign-up you will receive an electronic crypto wallet from Helium, you need to enter your blockchain ID in the wallet and you will be directly paid your HNT reward tokens every 30 days initially. The payment cycles are expected to be lowered to 7 days and eventually daily. All this will be managed by the iHub back-office software which is layered over the Helium blockchain.
What Do I Need To Open The Files?
Q: What is the frequency at which the iHub miner operates and how safe is it to general human health?
It operates at 915 MHz (US) and 868 MHz (UK, Ireland & Europe), this is comparable to FM Radio frequency, while cellular data operates at between 1800 to 2100 MHz. 5G operates at 28GHz and above. It is safer than normal cellular data frequencies.
Q: What is LoRaWAN?
The LoRaWAN® specification is a Low Power, Wide Area (LPWA) networking protocol designed to wirelessly connect battery operated ‘things' to the internet in regional, national or global networks, and targets key Internet of Things (IoT) requirements such as bi-directional communication, end-to-end security, mobility and localisation services.
Q: What is Blockchain?
Blockchain is a system of recording information in a way that makes it difficult or impossible to change, hack, or cheat the system. A blockchain is essentially a digital ledger of transactions that is duplicated and distributed across the entire network of computer systems on the blockchain.
Security & Safety
How can I ensure my existing internet is safe?
The hotspot sends the data it collects from the IoT devices via the WIFI/Internet, it does not extract info from your computer. Only one open port is required to provide coverage, much like one open port with a wireless speaker or other home devices on the internet.
How Can I Avoid Potential Hacking Risks?
There are ways to build additional safeguards. You can ensure the safety of your internet by following certain steps. Refer to Helium Security features link: Read full security documentation.
Why Do I Need to Connect the Hotspot to My Internet?
Devices and other hotspots in the vicinity of your unit communicate with the Hotspot over LongFi (LoRa) and not IP (Internet Protocol). Hotspot sends data it collects from IoT devices and other hotspots to the Cloud via WIFI/internet, this is why the hotspot needs to connect to the internet. The IoT data is stored in the Cloud. Companies who use the data that the IoT devices collect purchase the data from the Cloud for their analysis and follow-on actions.
Who Uses the Data Collected By the IoT Sensors?
Companies that have sensors installed on vehicles, scooters, pets, security devices, health devices, etc.
Internet Of Things (IoT)
Q: What is Internet of Things (IoT)?
The Internet of things describes the network of physical objects – “things” or objects – that are embedded with sensors, software, and other technologies for the purpose of connecting and exchanging data with other devices and systems over the Internet.
Q: What is the potential future of IoT?
The potential future of IoT is limitless. Advances to the industrial internet will be accelerated through increased network agility, integrated artificial intelligence (AI) and the capacity to deploy, automate, orchestrate and secure diverse use cases at hyperscale. Currently the IoT industry earns $800 Billion – 8.4 Billion Devices.
Cryptocurrency And Helium
Q: What is Cryptocurrency?
A cryptocurrency, crypto currency or crypto is a digital asset designed to work as a medium of exchange wherein individual coin ownership records are stored in a ledger existing in a form of computerized database using strong cryptography to secure transaction records, to control the creation of additional coins, and to verify the transfer of coin ownership. It typically does not exist in physical form (like paper money) and is typically not issued by a central authority.
Cryptocurrencies typically use decentralized control as opposed to centralized digital currency and central banking systems. When a cryptocurrency is minted or created prior to issuance or issued by a single issuer, it is generally considered centralized. When implemented with decentralized control, each cryptocurrency works through distributed ledger technology, typically a blockchain, that serves as a public financial transaction database.
Q: What is Helium?
Helium is a decentralized, open wireless network built on a new blockchain for the physical world. It relies on a novel type of work called Proof of Coverage, and a new consensus algorithm (based on HoneyBadger BFT). The Helium Network is used to route data for long-range, lower power IoT devices that use Helium's LongFi protocol.
Is It Free To Sign Up?
Yes, it's FREE to sign up and the equipment (Helium Miner Hotspot) which is worth $500 is FREE. You only pay shipping cost.
