Title: Is running a Bitcoin node profitable? Post by: aminhadi2020 on May 11, 2021, 05:39:14 AM Hello
Is running a Bitcoin node profitable? i have a dedicated server on usa , is it a good idea to use it ? Title: Re: Is running a Bitcoin node profitable? Post by: ranochigo on May 11, 2021, 05:45:24 AM No. There is no compensation for running a Bitcoin node. There is however, a very minute amount (depending on how many transactions gets routed) of Bitcoins to be earned if you run a LN node.
Neither of which would probably net sufficient revenue to pay for your dedicated server. Title: Re: Is running a Bitcoin node profitable? Post by: aminhadi2020 on May 11, 2021, 05:50:04 AM so why people running bitcoin node?
just for supporting bitcoin network ? without any profit ? Title: Re: Is running a Bitcoin node profitable? Post by: Poker Player on May 11, 2021, 06:23:08 AM so why people running bitcoin node? just for supporting bitcoin network ? without any profit ? I'd say so but there are other reasons as well: "6 Reasons to Run a Bitcoin Full Node: 1) Helps the Network 2) Keeps you safe 3) Allows you to choose 4) Gives you a higher degree of privacy 5) It’s not that hard 6) It’s not that expensive" For more visit: https://bitcoinist.com/6-reasons-run-bitcoin-full-node/ Title: Re: Is running a Bitcoin node profitable? Post by: aminhadi2020 on May 11, 2021, 07:52:17 AM so when someone run node, he can keep his wallet on his network instead of others wallet like freewallet, btc, and ... ?
for running pool its necessary to run node too, right ? Title: Re: Is running a Bitcoin node profitable? Post by: BlackHatCoiner on May 11, 2021, 08:05:11 AM so when someone run node, he can keep his wallet on his network instead of others wallet like freewallet, btc, and ... ? When you run a node, you become a part of the Bitcoin network. This means that you need no third party to transact. Your node will only receive and verify blocks. Once you want to broadcast a transaction, you'll send your raw transaction to nodes that will then share them to other nodes. Hence, peer-to-peer network. As for this question: Quote Is running a Bitcoin node profitable? I'd say no, if you're referring to money. If you run a node, it doesn't mean you'll be rewarded with bitcoins. You'll have to help the network for that, by mining. But, to me personally, it's a profit staying private, with no need from a third party. A third party can be anyone you'll require to transact funds. It can be CoinBase or just an electrum (https://electrum.org/#home) server. |