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Author Topic: Bitcoin Node  (Read 346 times)
Mauphillips (OP)
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November 23, 2016, 06:10:45 AM
 #1

So I have been looking for a good way to earn Bitcoins, hoping to earn 0.05 to 0.1BTC per day .
I have this Method that I am working on to earn 0.00267 BTC per hour but I need to get the details together .

I have also been looking into Running a Bitcoin Node from my PC for about 1Month however i can not find the information I am looking for to encourage me to Download the Bitcoin Core .

So what I want to know when a Bitcoin Transaction is sent, there is a Fee that is charged I would like to know if that fee is deposited into the Wallet of the Bitcoin Node .

So will it benefit me from Running a Bitcoin Node ?
Will I be credited for Running the Node as to pay to Support the Bitcoin Node ?

This is what i would like to know .
Because I see that there are Bitcoin Transaction Fees and I assumed that those fees go to the Bitcoin Nodes that process the Transaction .

Thanks to All that are giving me your Feedback to my Question .
franky1
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November 23, 2016, 06:18:37 AM
 #2

short answer nope
no financial incentive to run a node.

the fees end up with the mining pools who add the fee's onto the blockreward as a bonus for themselves(in many decades the reward deminishes and the fee's become the main income for mining pools)

nodes receive no financial incentive

however if you care about security and trust that your private keys are safe and that by being part of the network you are helping to distribute(decentralize) the network to ensure there are less chances of attack, then that is your incentive(securing bitcoin).

however if everyone was to "just run core" then core developers then control the rules(become kings). so look for alternative full nodes to add more network security by being diverse, as well as decentralized, that way no one controls the network, and thus bitcoin is more secured

I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
Mauphillips (OP)
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November 23, 2016, 02:13:46 PM
 #3

Thanks for the information, I will have to look for another means of earning Bitcoins .
amacar2
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November 23, 2016, 04:29:09 PM
 #4

Thanks for the information, I will have to look for another means of earning Bitcoins .
There are really so many ways you can earn bitcoin (but it may require you to have some bitcoin/fiat to start)

Few of them are;
1. Trading (both bitcoin/altcoin)
2. If you like to earn in a passive way, margin lending in poloniex like trusted platform can be good for you.
3. Investing in gambling site's bankroll (but only choose trusted gambling platform)
4. You can also start buying/selling bitcoins in localbitcoins for some margin in buy/sell price than market price

 
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DannyHamilton
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November 23, 2016, 06:15:55 PM
 #5

Bitcoin is money. You earn it the same way as you earn any other money.  There is nothing magical about it.

Basically, like with any other money, you can:
  • Provide a product or service and accept bitcoin as payment
  • Exchange other forms of money for bitcoin
  • Beg and hope that someone gives you bitcoin out of the charity in their heart
  • Scam, steal, or otherwise take bitcoins that you are not rightfully entitled to
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