Helium mining: I quit! (Total revenue $17.22 over 8 months)

 I just unplugged my helium miner ... the price crash continued:

I made a total of $17.22 over the 8.5 months I had my miner running ... And then yesterday I turned off T-mobile (which the miner was the last piece of equipment using (see my comparison posted recently) ) 

Then my new wallet (that I set up yesterday when prompted by the helium app) with the exciting $17.22 in it ... went back to 0!

Apparently the miner has to be UP for this to show up ... also the helium app showed the miner UP even though it was unplugged!

So: I give up on this: total loss:

Helium Miner results suffer from bitcoin slide; how to cash out?

My analysis last week assumed the $HNT price at $18 after five years, but this week it's gone in the wrong direction, right now $13.72. 

Also it looks like I might have done better with a Bobcat Miner ... I will probably get another one in a few weeks and see if that's true or not.

As for cashing out ... I found it a little confusing; there's a "wallet" in your Helium mobile app that shows 0 dollars (plus your $HNT holding in tiny type) until you sign up with another crypto service like Crypto.com or Coinbase.

Here's a YouTube video that explains it pretty well, I thought:

The helium price has ticked down a bit more: $13.62, so right now my $HNT stake is worth $7.93. Whee!

Week 2: Miner gets to work!

My Helium miner started producing a trickle of the $HNT token it produces. So far I've made 0.41 $HNT, which is worth $7.22 at the current $HNT price of $17.62.

This shows one factor to consider: $HNT was about $24 when I started looking at this about a month ago, which would have made my little snippet worth $9.84.

Oh well; looks like $HNT pretty closely tracks Bitcoin, which is down with the rest of the stock market over the next month.

How far away is my breakeven point? Clearly this can't be predicted with any precision, as the $HNT price could go anywhere at any time. So I'm going to just assume $18. I've been generating $HNT for a week now (the miner was "syncing" for a few days until then.

So if the mining rig cost $585 and it makes $7.38 per week, that makes the breakeven point 79+ weeks away.

Let's go out 5 years with the same assumptions:

7.38 x 52.5 x 5 = $1937.250.

That's $1352 or so when subtracting out the capital cost. Not bad!

Also:

•  I'm neglecting Internet and electricity cost ... both are tiny.
• I'm assuming the hardware is reliable enough to run without a glitch for 5+ years

Next week I'll figure out how to convert the $HNT into real $$$ and move them from my virtual wallet to my real wallet  and will post the details here! See you then.