Some time ago, a twitter thread made the community react about the amount of $6600 of communications consumption on the Helium network. This thread was full of approximations in order to present negatively the growth of the Helium network. But it is also an opportunity to take stock of the development of the use of the network. We will see in this article who operates the Helium decentralized network, what are the current data volumes and what are the associated financial metrics.
In short, we cannot talk about Nova Labs’ revenue with respect to direct communication costs because these costs are associated with different third parties offering the packet routing service. We cannot rely on this cost to estimate an associated business volume because there are many indirect costs as I have already specified in my blog post analyzing the running costs of a Helium router/console. Finally, regarding a long period where gamers found a way to earn a few dollars on the back of Nova Labs, involving many ancillary costs, distorted the data for June. You will understand all this in the rest of the article.
Disclaimer: I’m the owner of the public helium console helium-iot.eu (oui 6) – no need to makes comment like “he have written this because he own … blablabla”
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