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Bitcoin => Bitcoin Technical Support => Topic started by: aminhadi2020 on May 11, 2021, 05:39:14 AM



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.