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Welcome to the fresh Helium FAQ

KarmaWolf made an extensive update on april 24th: You can find it here.

Team is presently running mainnet trials, getting rid of the last bugs and getting everything ready for the Big Day. Stay tuned, spil always

The old FAQ wasgoed discontinued and can be found here

Last updated: June 21st 20:08 GMT

Join the slack to stay updated.

Join the mailing list to stay updated.

https://www.heliumlabs.org/blog keeps copies of announcements/significant stuff from Slack.

Anyone is more than welcome to make an account and suggest edits to this pagina.

The Slack is open for everyone and will undoubtedly attract scammers spil well. Be aware of this.

Be careful to not click any phishing linksom sent through email or ongezouten message. Known scams include fraudulent linksom to myetherwallet.com, neotracker.io and blockchain.kennisgeving.

Slack moderators are: @craslovell, @RzeroD, @teela, @kristerv, @rhinomonkey, @richyjames, @cryptosteve and @karmashark.

Since Slack doesn’t fulfill the current needs of the community wij will migrate to Discord soon. Until then it’ll have to do. Slack has a 10k message limit so for purpose of transparency and historical record @Rzerod wasgoed zuigeling enough to make the entire channel history accessible on: Slark (register for total functionality).

Never browse without ad blockers. Ublock Origin and Disconnect are a strakgespannen team. Block Javascript. Different solutions will do also but just make sure you block it all.

Never click linksom. Only use bookmarks or type te the URL yourself. Don’t be spoofed.

Separate your accounts. Use one email address for exchanges. Use a different one for forums, airdrops etc. Keep your individual email private. (protonmail is awesome)

Make back ups of everything, and back up your back ups. Hardware wallets rock. Encrypted USBs also do the trick.

A back-up wallet.dat is susceptible to forgotten passwords and Cosmic Death Rays. Best back up the private keys instead.

Turn on 2FA for all significant accounts. Back up the codes. Cryptopia’s Speld code 2fa is NOT safe. If you click a phishing verbinding with this turned on you will still lose your money. Use Google Authenticator or email 2fa.

Never download wallet files from anywhere other than official sources like the webstek, github or the OP on Bitcointalk.

No, Steve won’t be providing away Helium on Twitter.

  • SPR Snapshot: October 10th 2018
  • Helium release: Q4 2018 Q1 2018 Q2 2018
  • fresh Homepage TBA
  • Github
  • Whitepaper (soon to be updated)
  • Slack
  • Helium News (Mailing list)
  • SPR Wallet
  • Initial announcement on BitcoinTalk
  • Slack archives
  • Korean community on Kakao (pm @tomato for the password)
  • Telegram community

The latest development schedule:

It’s bot well overheen a year since the very very first announcement and wij’ve indeed celebrated our 6 month snapshot anniversary some time ago so yes. Why is it taking so long?

The Helium team and community determined against a copy pasted clone of PIVX and instead determined to build our own code, based on PIVX.

This is lighter said than done, especially when there is no positivo funding and the project is relying on volunteer effort.

Daily progress is made te #dev and anyone is more than welcome to join te. This will launch when it is done.

This being an open source project and all: you are more than welcome to join us te slack to see if there is something you could contribute te getting us there.

Meantime: stay tuned.

Read a bit more about why this direction wasgoed taken under Code colchoneta

Wallets will be released before the network goes live and will be made available through the OP on bitcointalk, the webstek and github.

Helium will embark trading on Cryptopia spil soon spil everything is ready and launched.

If you had your SPR on Cryptopia during the snapshot you’ll already see them on your arqueo. If you had your coins on a circunscrito wallet during the snapshot you will have to invoer your spreadcoin private key into the Helium wallet. There’ll be a detailed tutorial on how to do that spil soon spil the wallet is ready.

Spil a meteen consequence of shifting to POS there were some alterations made to total supply and emission rate. While a POW coin can have a limited supply a POS coin, by definition, can’t. Because people might have joined the airdrop on the premise of a limited supply the developers are attempting to stick spil close to the originally proposed supply and emission rate spil possible. You can find the proposed numbers here.

Many have asked why wij are doing a coin redemption and a economic hard work / technical fork opposed to a straight ICO. This is a fair question and is worth an response. Helium is not an ordinary project spil it has deep ties dating back to DASH and more recently, Spreadcoin. The renovador project wasgoed to make Spreadcoin into what Helium is going to be, a network of value utilizing both Master mal and Service maf. A project wasgoed originally agreed upon to take Spreadcoin te this direction. Overheen time the lead developer on Spreadcoin brought forward a fresh vision which wasgoed not te alignment with the provocativo project – thus the economic fork of Spreadcoin and the technical fork of DASH. Since many of the previous members of Spreadcoin have come overheen to create Helium, wij determined to keep spil much of the old project intact instead of commencing overheen after several years of work. To understand the utter history of Helium one voorwaarde very very first read the Spreadcoin thread on BitcoinTalk.org, however here is a epistel summary on when and why wij went ter this direction: https://bitcointalk.org/index.php?topic=1045373.msg18030003#msg18030003

While the renovador project wasgoed to stick with DASH code for the time being, the circumstances have switched overheen the last months. The DASH evolution update will be very big and it will not be effortless for a ‘petite’ project like Helium to lightly implement those switches. Also, there is no reason to assume DASH will meet their target dates. This could mean that if Helium were to stick with DASH it could turn out to be a dead end road ter a year from now. Out of several alternatives PIVX wasgoed chosen by the community spil the most viable option since it doesn’t suffer thesis issues and will permit Helium to implement its vision te the same way that DASH would.

Here is a little explanation from the PIVX webstek: https://pivx.org/reward-system/ Note that Helium will have its own parameters. Another good place to start is Wikipedia.

For some more te depth information on POS click here. or here

No (uitsluitend from a epistel period of 0 prize mining by the devs to kickstart the chain). Coin emission will take place through werkonderbreking and masternode prizes. Since POS needs a sufficient % of coin supply actively werkonderbreking to make sure the network is secure, and coins used spil masternode collateral do not stake, it is significant to vaivén the both. Helium will use PIVX’ see witnessed mechanism to make sure a comprobación is maintained. (read a bit more on how that works here)

This is spil endless a discussion spil McDonalds/Onderdaan King or Sylvester Stallone/Jean Claude van Damme but an interesting one regardless.

The POS/POW debate has bot going on (with varying strength) everzwijn since Peercoin very very first implemented POS te 2012. Spil with most debates ter the crypto-space it is mainly fought out by fundamentalists on both sides of the spectrum and spil such it is very hard to find an unbiased overview of all arguments.

Without going into detail it is safe to say that on a purely theoretical level POW is most likely more ‘secure’ than POS but this does not tell the entire story. POW coins do suffer from mining economics, hardware monopolies, multipool attacks* or bad code to name a few. Thesis are all externalities that tend to be overlooked when discussing the matter on a purely theoretical level.

Having said that, it is always good to realize the potential weaknesses of ones overeenstemming algorithm so a good start is to read up on some valid criticism from a POW advocate.

It is significant to realize that Helium’s decision to go with POS wasn’t an ideological decision but a practical one.

*A multipool aims to always mine the most profitable coin and switches from coin to coin according to profitability. For smaller coins (and especially ASIC algorithms) this means that at any given time an unholy amount of hashpower can be directed towards their network. Multipools tend to ‘slash and burn’. They mine low difficulty blocks and go elsewhere merienda the difficulty gets to high, leaving the affected coin with high difficulty blocks and no hashrate to solve them.

It very likely will be. PIVX seems to be doing pretty well and there are slew of other POS coins out there that have successfully averted &quot,forthcoming disaster&quot,. There is renewed rente ter POS spil of recently and you can expect all kinds of cool fresh ways of making POS even more secure to emerge te the near future.

The unfortunate consequence of switching to POS is indeed that your D3 is now even more worthless than it wasgoed when you bought it. But you most likely noticed this yourself already while mining other coins, awaiting HLM’s launch.

The overeenstemming of the community, team and devs at the ogenblik is that Helium has a far larger chance of success by forking off PIVX rather than sticking with X11/DASH.

So the questions you should truly be asking yourself are: what good are mined coins if they’re worth 1 satoshi each and why did I buy an ASIC ter the very very first place.

The above is intentionally rhetorical but ter case you have further inquiries please reach out to Bitmain Customer Care at: +86 400 890 8855

Yes, if you look at current ROI on DASH and PIVX masternodes you’ll find that the prize percentage is more or less the same. Helium will originally have a higher emission rate than the aforementioned and its implementation of see eyed) will make sure that there is a enumeración inbetween prizes for werkonderbreking and running a masternode. Expect the percentages to be slightly slanted te favour of masternodes, since thesis are more costly.

You’ll need a VPS to host it on. You can of course host it on your stulp pc but a VPS is lighter, safer and cheaper. Spil the launch date comes closer the HLM team will release guides on how to set everything up.

Helium masternodes will not be much different from other masternode coins, so if you feel adventurous you can always buy a cheap masternode coin and set up a masternode for that to get casero with how everything works.

nodeshare.te, node-vps.com , MP hosting, Mano Hosting (KR) and Wrong Supply will run dedicated hosting services for Helium masternodes. Thesis providers have bot community vetted.

ServiceNodes will perform for profit related services. An Uber type specimen will be created where the network and users rate providers.

The initial concentrate will be for Service Maf to run quick relay networks, called Decentralized Digital Services Networks (DSDN). Thesis will enable anyone to run a total Bitcoin wrong for anyone else, for a toverfee. Or users can run their own secure Helium Maf, Bitcoin maf, Monero krankjorum, etc. Basically a cloud blockchain provider.

It is undecided at this point, but devs have floated numbers inbetween Five,000 HLM and Ten,000 HLM. Devs have also stated that a service vlecht may be priced spil a plane rate te fiat, presumably so that the price remains somewhat immobile.

One of the things I want to avoid with Service Wrong is the barrier to entry on collateral. If wij are asking you to buy a franchise, wij can’t also ask you to spend a lotsbestemming of money on buying. 1,000 HLM right now it’s relatively affordable, but what will toebijten te a few years time?

You’ll be spending your working caudal on buying the collateral and leaving you with little money to buy the franchise and then set-up your services.

That would potentially limit the numbers of people wanting to get involved. Wij do, however, need to have some collateral requirements. Perhaps this is the point at which wij say that collateral for service mal is pliable.

(. )one of my concerns is that wij price out people who would otherwise be technically very good at running service krankjorum

Since the developers are attempting to prune the largest Bittrex wallet from the distribution the above list is not the same spil the initial HLM ledger. Everything will be done te a downright see-through style however, so anyone can check what wasgoed done.

To insure against the remote possibility of a legitimate invordering regarding the coins that will be eliminated from the distribution: there will be an reserve 250k coins added to the distribution. Thesis coins will be kept by the treasury and will straks be burned/distribution/used for development according to the wishes of the community.

@gj (gjhiggins) did the development on the snapshot and the ledger transfer process. @gj wasgoed also kleintje enough to provide a very detailed and clear explanation of his work:

Accounts on Cryptopia have already bot credited with a comprobación ter Helium.

Your oscilación has bot recorded on the block that will be used for the distribution of Helium. Spil long spil you have your private key there is no need to keep the coins te your wallet. You will be able to optie your Helium by importing your SPR keys.

Bittrex wasgoed originally approached for facilitating the snapshot but determined not to participate. They have also made it clear that they will not credit their users with the airdropped HLM and will sell the airdropped coins at very very first chance. There is, unluckily, nothing the team or community can do about this.

A preliminary estimate of the Bittrex wallets puts the amount at

Ideally not. Through analyzing the SPR blockchain it is possible to identify a large part of Bittrex’ SPR addresses. Spil current community overeenstemming is that Bittrex should not receive airdrop coins the team will eliminate them from the HLM distribution.

The team will not eliminate all the addresses associated with Bittrex. Doing so would mean a risk of false positives occurring and people not receiving coins they’re entitled to. The address to be liquidated is SdbyXf2f1xCy5zPQVgELigaZgMusvmJNuE with a oscilación of 432870 Helium.

Helium never did an ICO and since there is no network and treasury yet the project is broke. Worse than that: costs like the Cryptopia listing were paid out of pocket by the founders and current development and PR is all paid out of pocket or done voordat bono.

A petite part of the coins will be used to reimburse @KarmaWolf (karmashark) for the Cryptopia listing. Another part will be waterput toward reimbursing those that paid for development regarding launch. #devpayments te Slack will be used to keep the community up speed spil to where the money went.

What will toebijten to the remainder is still open. It could be burned, distributed to the community, waterput towards further development or used for another exchange listing. No decision on this has bot made yet and whatever will toebijten surplus assured that it will be agreed upon ter total transparency and collaboration with the community.

The coins will be held te a Two/Trio multisig wallet. @KarmaWolf will hold a key, @rhinomonkey will hold a key and @teela will hold a key.

@KarmaWolf represents the founders and the team. @rhinomonkey wasgoed the third person to join the Helium Slack and has a long history within the SPR community. @teela wasgoed waterput forward and voted into office by the people te Slack.

@RzeroD volunteered and wasgoed elected spil very very first reserve for the treasury.

Spreadcoin is a pretty joy coin and there are lots of cool things you can do with it. The Helium and Spreadcoin devs determined to part ways and each coin will be headed a different direction. For some more kennisoverdracht on where SPR is going check their bitcointalk topic, forums and webstek.

Helium’s team are:

Jason Cassidy Founder

Richy James Operations

James Gonzalez Business

Steve Wand Communications

Chris Lovell Community Guru

Jon Gonzalez Business

Roland Alexander Business

@gj (gjhiggins) is doing a formidable amount of work getting the snapshot up to spec, making sure HLM can launch te the very very first place and will not leave without a lasting legacy of thought material and possible angles for future development. @richyjames is presently taking care of development on the launch phase with @gj, @faetos and several others.

Ter the meantime, Helium’s most valuable asset is you. Decentralized means a twee of things and one of them is: if you want it, make it and if you make it its yours. So if you have something to add, druppel by ter #dev or suspend around te #popular and test the waters.

@coins101 waterput it like this:

I joined Spreadcoin ter Feb 2018, after leaving DASH

just before Feb 2018, I spent several months attempting to get the DASH lead dev to add services to DASH

he wasgoed focused only on challenging with Bitcoin using only Instantx and coin mixing

I truly wished to go after services spil Master mal can do so much more than just coin mixing

I have bot working on services for a 2nd layer for a few years now, the very very first concept wasgoed to build accounts, so that people who knew zero about crypto could still use crypto the same way they use an online wallet service like Coinbase or PayPal

After I left, DASH investors liked that idea so much they got Evan to work on it – now called Evolution

Wij’re building on that, but also adding some fresh dimensions associated with Clever Cities

The lead dev of Spreadcoin isn’t a fan of Enterprise applications, so wij’ve determined to part ways and so the work I and others have bot doing for overheen Two years will be moved into Helium

The million dollar question. Coins101, the co-founder of Helium (Karmashark/KarmaWolf being the other), wasgoed very active te Slack until November last year and then, uitsluitend from the occasional appearance on bitcointalk, more or less stopped engaging with the community.

Spil a result a lotsbestemming has bot reshuffled. @KarmaWolf is now leading the project. @richyjames is spearheading development and a fork of Dash wasgoed dropped te favour of working with PIVX code.

Why coins made the decision to ‘go dark’ is the two million dollar question of course and you might have noticed a loterijlot of discussion on this ter the Slack (and if you missed it, feel free to check the archives Coins’ current involvement shows up to be focused on enterprise, letting KarmaWolf run day-to-day operations, and not dealing with community business until he determines to re-engage.

One of the major nice things about a decentralized crypto (or Teal, cheers @gj) project is fortunately that nothing will everzwijn depend on a single person and spil such whether coins is indeed working on things outside of the zoeklicht or not isn’t relevant for the success of the project.

For now this means two things: 1. The community will likely be brought up to speed somewhere te the near future and Two. The launch, development and goals of Helium will proceed just spil planned.

Presently this faq is written and maintained by @kristerv, @teela and you.

Related movie: DON’T USE CRYPTOPIA THEY BECAME SCAMERS. Today is Nineteen/02 Processing my withdraws since 15/02


3 comments

  • The fees were very high on Cryptopia too.

  • Yes I have bot trading there many times spil well, and I do not think that they are scam. If your deposit is not counted just waiting for a few hours maybe they have some problems with certain coin purses if, however, your coins do not demonstrate up at the end of the range to their support. Such shrill accusations vereiste have some evidence.

  • My transfer just took forever and my NEM got locked because of some kwestie with how NEM wasgoed being used on another exchange that got hacked. So I wasn’t able to get my NEM and now they are pretty much worthless.

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