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Helium is basically Herbalife marketed to crypto bros. There is no reason these hotspots cost $500 dollars or more. It's a simple Lora access point and should s
by _fizz_buzz_ 4y ago
Helium is basically Herbalife marketed to crypto bros. There is no reason these hotspots cost $500 dollars or more. It's a simple Lora access point and should sell somewhere around a $100 (or less, considering how many are sold). Just like MLMs: People believe they are a partner and will profit along with Helium. In reality they are the end customer. Nova Labs makes money from onboarding people's hot spots and that's it. Every other revenue is a rounding error.
- joewadcan 4y agoNova Labs makes no money from onboarding hotspots. That goes to the Helium network. You're just counting network billings as Nova Labs, when they are two separate entities. I think Nova did the right thing by getting out of the manufacturing business, so that those hotspots can go sub $100.
- delabay 4y agoNova makes no money in the sale of hotspots.