Mining operations involve two main tasks – connectivity validation and transferring data from IoT sensors. As with some other cryptocurrencies, there is an opportunity to benefit from HNT. It is an abbreviation for a cryptocurrency called Helium Network Token. Such a gateway is installed by people who are rewarded, for expanding the network, in the form of a cryptocurrency HNT - Helium Network Token. The gateways themselves are then connected to the Internet worldwide. LoRa provides the connection between the devices and the individual gateways, provides coverage in The People's Network and at the same time for the mining of the cryptocurrency Helium. In addition, it significantly saves battery, is free and, thanks to its radio properties, ensures a long range.
![helium hotspot helium hotspot](https://heliumhotspot.co.uk/wp-content/uploads/2021/02/miner2-1024x869.png)
A significant part of the idea of Helium is based on LoRa technology, which is particularly suitable for this type of network. This network consists of gateways and so-called hotspots, which are interconnected by the Internet and also connect individual IoT devices in the network. Helium is the fastest growing lossless user network in the world. At the end of February 2022, there are currently 587,000 hotspots. In February 2021, there were 17,500 devices worldwide.
![helium hotspot helium hotspot](https://www.trustedreviews.com/wp-content/uploads/sites/54/2020/09/Helium-Hotspot-5.png)
In short, Helium IoT is a network that is used to connect sensors and monitoring devices in order to measure a variety of variables from air quality, calculating the occupancy of parking lots to animal tracking, monitoring the movement and condition of things and much more. Helium is a novelty in the field of wireless communication, it connects IoT networks and increasingly discussed cryptocurrencies.