The Sensecap M1 LoRa gateway adopts a crowdfunded networking approach, with the addition of Helium crypto-mining taking place in the background.
Worldwide deployment stands at roughly 600 000 Helium mining gateways, with the vast majority being in Europe and the USA, making Africa, and in particular South Africa, prime growth territory. For this reason, says local distributor, Otto Wireless Solutions, the uptake of the Sensecap M1 gateway has been unprecedented, as they are affordable, with proof of coverage being the only current requirement to start earning crypto currency. Very simply, the user can plug the indoor gateway into an Internet connection, register via the app, and start earning.
What makes this solution attractive is its ability matched with Otto Wireless Solutions’ high-gain 11 dB omnidirectional ‘cryptenna’ branded antenna to create a sensitive LoRa hotspot able to accommodate future nodes, thereby boosting crypto revenue for gateway owners. With this combination, a household is able to plug the Sensecap M1 gateway into its existing fibre or LTE router and run a cable to an externally mounted antenna, resulting in generation of Helium crypto income with minimal time and effort.
At the heart of this approach by Helium is its drive to be the number 1 supplier of LoRa in the world, through this innovative crowdfunded approach. Ultimately, it hopes to fuel and enable the Internet of Things via the Helium network. Hot on the heels of Helium is the MXC token crypto miner from MatchX, taking much the same crowdfunded strategy.
Both these LoRa service provider models are enabling more rapid network deployment worldwide, compared to the establishment of a local entity in each country along with the identification of sites and overhead expenses for Internet connectivity.
Incorporating household participation, coupled with the monetary reward of crypto-currency mining, is increasingly being seen as the future of network development, and this divergence from traditional norms makes the concept highly attractive to many individuals.
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