San Jose, ‘Capital of Silicon Valley,’ Desires to Supply Web to Low-Source of revenue Families The usage of Helium Mining

The California town of San Jose, also known as the “Capital of Silicon Valley,” plans to fund web get entry to for low-income households via HNT tokens mined at the Helium community, in line with a town press free up printed on Thursday.

  • The pilot targets to offer 1,300 taking part families a one-time cost of $120 that they may be able to use to pay for cheap web for twelve months.
  • To fund those one-time bills, the Mayor’s Place of business of Era and Innovation will set up 20 Helium-compatible Hotspots with volunteer citizens and small companies. The hotspots will mine HNT tokens for a pilot duration of six months.
  • Helium targets to offer wi-fi connectivity that doesn’t depend on centralized wi-fi carriers. As an alternative, it targets to construct an international peer-to-peer community of nodes that energy Web of Issues (IoT) units. The community comprises over 200,000 nodes, in line with the Helium web site.
  • Helium mining units use 5 watts of power to offer long-range wi-fi get entry to to units round them whilst incomes HNT tokens. This sort of connection can’t strengthen units like laptops or smartphones, however can paintings for IoT units.
  • The venture is a partnership between the mayor’s place of business, Helium, and the California Rising Era Fund.
  • Helium raised $111 million in an August token sale.

Learn extra: A16z Leads $111M Token Sale for Helium’s HNT

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