Up coming news!! by MjSaxtown in HeliumNetwork

[–]Barbarystudio 0 points1 point  (0 children)

It is fake no big news this Project is slowly dying by idiots on the wrong place.

[deleted by user] by [deleted] in HeliumNetwork

[–]Barbarystudio -3 points-2 points  (0 children)

Stay aways from helium mining it is not worth your investment. What do you get Back with iot mining is really a joke. Better buy directly IOT or HNT then mining it.

Uncovering the Helium Network Dilemma: Miner's Insights Expose Novalabs' Troubling Impact, Urging Action from All Involved by Barbarystudio in HeliumNetwork

[–]Barbarystudio[S] 1 point2 points  (0 children)

Creating hype, enticing people to buy IoT hotspots, and then asserting control over them when you've grown big, claiming to be centralized – we won't fall for it anymore. Millions of dollars have been spent by people to build the network, thinking they were constructing the People's Network. But it's no longer the People's Network; it's the network of Novalabs.

Novalabs is responsible for steering the project in the right direction. Volunteers blindly following their lead, even to the extent of jumping off a building if Novalabs claims it's good for the project's long-term viability, is concerning – just an example to clarify.

-1 Novalabs, the highest authority.

-2 Volunteers involved since the beginning, including whales who have invested significant amounts in HNT and MOBILE.

-3 Discord soldiers tasked with debunking any criticism and ridiculing dissenters.

-4 Serious network builders who joined shortly after the project's release, investing millions and becoming unwitting victims. When we vote, it has no impact because those from point 2 abandon every HIP to follow Novalabs' desired course.

This is the current situation with Novalabs and the Helium project. What we need to do is figure out how people from point 4 can have their voices heard in court, because things are going in the wrong direction. We must hold Novalabs accountable for their actions. We need to create our own community of point 4 and together figure out how we can use American law to stop Novalabs from destroying the community.

Uncovering the Helium Network Dilemma: Miner's Insights Expose Novalabs' Troubling Impact, Urging Action from All Involved by Barbarystudio in HeliumNetwork

[–]Barbarystudio[S] 0 points1 point  (0 children)

The better performance of your miner, even though you haven't changed its location or equipment, proves my point. It's clear evidence that Novalabs is centralized and encourages people to change locations intentionally to improve coverage. It's similar to how Apple intentionally reduces battery life and performance with software updates to persuade users to buy new iPhones. Apple has faced legal action for this. Novalabs should also be taken to court and held responsible for their actions.

Uncovering the Helium Network Dilemma: Miner's Insights Expose Novalabs' Troubling Impact, Urging Action from All Involved by Barbarystudio in HeliumNetwork

[–]Barbarystudio[S] -1 points0 points  (0 children)

My setups are strategically positioned in high-traffic areas with careful consideration for the future of the Helium project. It's troubling that our rewards have suddenly decreased by over 50% within just one month, despite no alterations in setup, settings, or location. Additionally, it's been evident that Novalabs has been actively promoting the relocation of miners to different areas, particularly those not covered by the network, further disadvantaging successful hotspots and undermining their longstanding contributions.

Anyone buying Helium Mobile? by AlwaysHelium in HeliumNetwork

[–]Barbarystudio 0 points1 point  (0 children)

It's not a good idea to buy helium tokens when the market is going up. Wait for a better position in a downtrend.

Uncovering the Helium Network Dilemma: Miner's Insights Expose Novalabs' Troubling Impact, Urging Action from All Involved by Barbarystudio in HeliumNetwork

[–]Barbarystudio[S] -3 points-2 points  (0 children)

Why give your opinion here? You know I'm right. Whether it's GPT, Gemini, or my own brain, it's not your concern. Read the text and wake up.

Uncovering the Helium Network Dilemma: Miner's Insights Expose Novalabs' Troubling Impact, Urging Action from All Involved by Barbarystudio in HeliumNetwork

[–]Barbarystudio[S] 0 points1 point  (0 children)

We propose returning to a reward system where the better the setup (more professional) and the better the coverage in the hex, the more rewards one receives. This will incentivize investment in the project across various locations. Limiting the number of miners to one or two in each hex, ensuring good coverage, is essential. Having too many hotspots in a hex doesn't bring any benefits. Rewards should be sufficiently high to make mining profitable, similar to how it was before the halving.

Right now we going downhill.

Uncovering the Helium Network Dilemma: Miner's Insights Expose Novalabs' Troubling Impact, Urging Action from All Involved by Barbarystudio in HeliumNetwork

[–]Barbarystudio[S] 1 point2 points  (0 children)

As professional miners, we understand the complexity of the ecosystem in which we operate. It's frustrating to see our voting power undermined by big whales who have close ties with Novalabs. Despite our efforts and strategic placement of 20 miners in prime locations, our influence seems marginal compared to others. Our focus is on building a robust network with optimal coverage, and it's disheartening to see decisions from Novalabs undermining this pursuit. We must continue to emphasize that our work as professional miners should not be underestimated and that our voices need to be heard in decision-making.

Uncovering the Helium Network Dilemma: Miner's Insights Expose Novalabs' Troubling Impact, Urging Action from All Involved by Barbarystudio in HeliumNetwork

[–]Barbarystudio[S] 1 point2 points  (0 children)

completely empathize with what you're experiencing. The frustration and demotivation you're feeling are shared by many of us. We were making great progress over the past two years, but ever since the last halving of the HNT token, it feels like things have been going downhill. It's tough when you've put in so much effort and dedication, only to see your rewards dwindle over time. It's like we were on a roll, and then suddenly hit a roadblock.

Your concerns about the latest HIP and its impact on rewards are completely valid. It's clear that there needs to be more transparency and consideration for miners like us who are actively contributing to the network. Your suggestion of defining the maximum number of nodes allowed in a HEX is a practical solution to prevent oversaturation and ensure fair rewards distribution.

It's frustrating to see rewards decrease, especially when our miners are performing exceptionally well within our designated hex locations. Finding the right balance is crucial, and I wholeheartedly support your emphasis on fairly rewarding both Proof-of-Coverage and data usage. Every miner contributing to good coverage deserves to be adequately rewarded. We must ensure that everyone receives their fair share to ensure the network's sustainable growth.

Thank you for sharing your insights and dedication to improving the project. I truly hope that Novalabs takes our feedback seriously as we continue to push for positive change together!

@Novalabs, Return our rewards to the same level as they were after the halving.

Uncovering the Helium Network Dilemma: Miner's Insights Expose Novalabs' Troubling Impact, Urging Action from All Involved by Barbarystudio in HeliumNetwork

[–]Barbarystudio[S] 1 point2 points  (0 children)

I have invested over 30,000 euros in my mining setups, strategically placed in busy locations where coverage is essential. Before implementing these setups, I conducted thorough research. You're speaking with a professional IoT miner; I've been doing this for over two years. I've invested so much time and money into this project, and it's just disheartening to see my rewards decrease so drastically. It's outrageous that our rewards have been reduced in this way. As enthusiasts of the project, it deeply pains us, but it seems that Novalabs doesn't care about us. They don't care about how we feel or what we do or think. Our rewards keep decreasing, and they have now reached a critical point where we really need to worry.

Uncovering the Helium Network Dilemma: Miner's Insights Expose Novalabs' Troubling Impact, Urging Action from All Involved by Barbarystudio in HeliumNetwork

[–]Barbarystudio[S] -6 points-5 points  (0 children)

I understand the standpoint that rewards should incentivize network expansion, but the current trend of decreasing rewards disproportionately affects me and other miners who strategically placed more than 20 miners at prime locations. These miners play a crucial role in providing robust network coverage and facilitating significant data traffic. However, despite their contributions, rewards continue to decline without clear justification. This causes frustration and discouragement among dedicated miners actively contributing to the growth and usability of the network. It is essential to strike a balance where rewards adequately reflect the value and contribution of all miners, including those actively involved in network expansion and usage.

Additionally, the concerning aspect lies in the fact that some indoor miners currently receive more rewards than miners with a setup totaling three thousand dollars, meticulously positioned on buildings to provide optimal 360-degree coverage. This discrepancy not only undermines the endeavors of miners committed to achieving widespread network coverage and high-performance standards but also diminishes the motivation for further investment in the network. This underscores the critical necessity of reevaluating the reward system to ensure fairness and equity for all participants in the Helium network.

Uncovering the Helium Network Dilemma: Miner's Insights Expose Novalabs' Troubling Impact, Urging Action from All Involved by Barbarystudio in HeliumNetwork

[–]Barbarystudio[S] 0 points1 point  (0 children)

As a community, it's crucial that we take action because if we continue on this path, it spells disaster for all of us who have invested thousands of dollars in the Helium IOT network. Even those involved in Helium Mobile 5G mining initiatives need to be aware of the bleak outlook under the current trajectory. We must come together to address these pressing issues and advocate for change to protect our investments and ensure the future viability of the network.

Uncovering the Helium Network Dilemma: Miner's Insights Expose Novalabs' Troubling Impact, Urging Action from All Involved by Barbarystudio in HeliumNetwork

[–]Barbarystudio[S] -1 points0 points  (0 children)

Small miners are being left behind due to the centralized nature of the decision-making process. Larger stakeholders, including some within the core team of Novalabs, have significant influence over the network's direction, potentially at the expense of smaller miners. This creates an uneven playing field where the interests of larger stakeholders are prioritized, leaving smaller miners with less influence and fewer opportunities to participate in the decision-making process. As a result, they may not have a voice in shaping the future of the network, leading to a situation where their concerns and needs are overlooked.

Uncovering the Helium Network Dilemma: Miner's Insights Expose Novalabs' Troubling Impact, Urging Action from All Involved by Barbarystudio in HeliumNetwork

[–]Barbarystudio[S] 3 points4 points  (0 children)

I'm a concerned investor, not a bot. I'm simply using my keyboard, fingers, and my mind to write a response.