San Jose, ‘Capital of Silicon Valley,’ Wants to Fund Internet for Low-Income Households With Crypto Tokens

The money would come from coins mined on the Helium network.

San Jose, Calif., which is sometimes called the “Capital of Silicon Valley,” plans to fund internet access for low-income families through HNT tokens mined on the Helium network, according to a city press release published on Thursday.

  • The pilot program aims to give 1,300 participating households a one-time payment of $120 that they can use to pay for low-cost internet for one year.
  • To fund those payments, the mayor’s Office of Technology and Innovation will install 20 Helium-compatible hotspots with volunteer residents and small businesses. The hotspots will mine HNT tokens for six months.
  • Helium aims to provide wireless connectivity that doesn’t rely on centralized wireless carriers. Instead, it seeks to build a global peer-to-peer network of nodes that power internet-of-things (IoT) devices. The network includes more than 200,000 nodes, according to the Helium website.
  • Helium mining devices use 5 watts of energy to provide long-range wireless access to devices around them while earning HNT tokens. This type of connection cannot support devices like laptops or smartphones, but can work for IoT devices.
  • The project is a partnership between the mayor’s office, Helium and the California Emerging Technology Fund.
  • Helium raised $111 million in a token sale last month..

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