In 2023, they replaced HNT with the IOT protocol token for Helium’s internet-of-things network
It’s likely that your miner displays as offline in the hotspot app because vendors are still in the process of updating their software.
Your IOT rewards are now distributed once a day, typically around 8:30 PM CST. During the day, your IOT remains in a “holding” state and is not truly in your possession until you actively “claim” it. This can be done within your black wallet by clicking the claim button. Keep in mind that each time you claim your IOT rewards, a small amount of SOL is expended as a gas fee. The average transaction fee on Solana is approximately 0.000014 SOL. To avoid depleting your SOL reserves, it’s advisable not to claim your IOT every night or week. If your SOL balance runs low, you may need to convert your HNT to SOL or acquire SOL from an external source and transfer it into your wallet.
For a smoother experience, it is recommended to use the “black” wallet. If you encounter any issues or face frequent logouts, please check the app store for updates and ensure that you have the latest version installed.
You still have full ownership of all the HNT you’ve earned, and you have the flexibility to convert your IOT back into HNT whenever you wish.
At present, there are no known exchanges that facilitate HNT transactions. This is likely due to the transition to the SOL blockchain. Many anticipate that as this transition stabilizes, some exchanges will begin listing HNT again. In the meantime, patience is essential.
Please note that while Crypto.com may seem to support HNT, it is not currently compatible with the new SOL blockchain and cannot be used for HNT transactions.
The exchange rate for IOT to HNT fluctuates daily, and you can check the current price of IOT in your black wallet under the “$” tab. Moreover, the latest wallet update has introduced a dollar amount display for your current IOT holdings, providing you with better visibility into your assets.