All news is rigorously fact-checked and reviewed by leading blockchain experts and seasoned industry insiders.
- A house on sale in West Philadelphia is installed with mining rigs for Helium, an altcoin that costs way less to mine than BTC and is more environmentally friendly.
- The realtor touts it as one way to make money passively through an investment in the house, while one prospective buyer calls it “walking into a savings account.”
A house that’s on sale in West Philadelphia is taking smart home technology to a whole new level, incorporating crypto mining into its structure. While many homes now have Amazon’s Alexa and every other aspect is automated and controllable remotely, this house goes even further and allows you to earn money daily, with minimal input.
The three-bedroom house, located on 835 N. 42nd St. in Belmont, West Philly, comes with enough natural light and plenty of outdoor space. But its most unique feature is a mining rig that earns Helium, a cryptocurrency that focuses on the Internet of Things and launched in 2019. It operates through a network of nodes that come in the form of so-called hotspots, such as the one in this house.
Mark Masih, the realtor in charge of the listing, believes that even more important than earning money is the opportunity to learn about crypto for the new owner. He told a local outlet:
There are a lot of demographics who might miss out on it, and I want whoever buys this house and takes its value in to be someone who might not traditionally know about crypto.
One of the prospective buyers, who talked to the outlet, said that her first impression was, “That’s a nice house.”
However, when she got to learn about the crypto mining operation, she became even more excited about the listing.
“It shocked the hell out of me. Once I realized what Mark was doing, I thought it was so forward-thinking,” the buyer said, adding, “It would be like walking into a savings account.”
But while the operation is unique, it brings in a minuscule amount of money from Helium mining. According to the outlet, the hotspot was mining $2.75 worth of HNT, the native token of the Helium network, coming to about $80 a month. On the flip side, it costs next to nothing to maintain, with the average cost per month being less than $2.
Masih recognizes that the house isn’t exactly a money-making venture, commenting:
I don’t want someone to buy the house for the miner. Helium is a token. It can fall apart next week.
Also Read: Bitcoin mining hashrate at an all-time high, but here’s why it’s bad for the price
