Want a quick update on earning crypto from your propertyโฆ Last month we installed four Helium Boxes in our properties to see if we...
Want a quick update on earning crypto from your propertyโฆ
Last month we installed four Helium Boxes in our properties to see if we could earn money from crypto.
So what is Helium?
Helium is a cryptocurrency dubbed โThe Peopleโs Networkโ its aim is to become a blockchain-powered wireless service that provides a long-range connection to nearby Internet of Things (IOT) devices, like scooters and certain smart devices. (Think a broadband replacement).
Owners of hotspots (i.e. Helium Boxes) earn Helium tokens (HNT) for their initial investment, by mining the tokens, and for hosting the network. The Helium network transmits data over long distances with low power.
So how much is a Helium box?
We paid just under ยฃ500 a helium box and all-in after installation paid around ยฃ750 a box.
How much are you earning?
Last time we looked we were earning ยฃ10 โ ยฃ12 a day off the 4 boxes.
Are there any other costs?
We pay ยฃ12.50 + VAT a month for broadband at each property.
Whatโs our profit?
On the 4 boxes, weโre earning net of costs approximately ยฃ250 โ ยฃ300 per month.
When will our investment be paid off?
At current rates, itโll take around 10 months to pay off our initial investment.
Is there any further upside?
Helium is currently trading at 20% of the value it was trading in January 2022, so if it returned to this price weโd pay off our investment in 2 months with the rest being profit (approximately ยฃ1,250 โ ยฃ1,500 per month).
Are you continuing to invest?
Weโre putting in 22 Helium boxes in our properties and seeing how they perform.
What weโre looking for in the future?
If the crypto market explodes once again we want to be in a position to take advantage, using our properties to maximise our income. Itโs all about timingโฆ
See our video below:
If all goes well weโll roll out Helium boxes to our landlords so they can join the Helium revolution.
Watch this spaceโฆ
Remember itโs our job to generate you long-term wealth from property.
For any sales, lettings or refurb help:
- Contact us today by phone or email to move your property to us.
- Weโll contact your letting agent to ensure a seamless tenant transfer, including the deposit, keys and all paperwork.
- Weโll contact your tenant to resolve any rent, maintenance or refurbishment issues you have, arranging a property visit if required.
- Weโll begin the process of maximising your income and wealth.
Share this with
Email
Facebook
Messenger
Twitter
Pinterest
LinkedIn
Copy this link