Doesn't constant hotspot use can drain your phone’s battery and generate heat, potentially affecting longevity? For light use (browsing, streaming on 1-2 devices), a mobile hotspot can suffice. Multiple devices sharing a mobile hotspot can strain bandwidth, especially for high-demand tasks like 4K streaming, gaming, or large file transfers.

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When your Pixel phone is fully charged and plugged, it bypasses the battery, so it doesn't use charging cycles. I've never tried sharing mobile hotspot with more than one device at time, i only really need my phone and my laptop.