Can I earn bitcoins by being a bitcoin node that process transactions?

[allankey]

Whenever a BTC transaction happens, sender sends a transaction fees. Does the BTC node gains a share of the transaction fees?

[achow101]

Whenever a BTC transaction happens, sender sends a transaction fees. Does the BTC node gains a share of the transaction fees?

No. Full nodes do not receive any sort of compensation for being a full node. Only miners do.

[dex1]

No, transaction fees go to miners.

Edit: knightdk was faster by 17 sec.

[X7]

Nodes serve a different purpose

[allankey]

So miners earn the fees, but full nodes get nothing. Okay.  A strange concept for me to grasp. lol

[odolvlobo]

So miners earn the fees, but full nodes get nothing. Okay.  A strange concept for me to grasp. lol

The primary purpose of a full node is to protect your bitcoins. If your wallet is not a full node, or is not connected to your full node, then you are relying on somebody else to protect your bitcoins. As a secondary benefit, each additional node also helps to protect the integrity of the network.

[Velkro]

The primary purpose of a full node is to protect your bitcoins.

This one, if you will be invested in bitcoin quite much that would be your responsibility to strenghten the network.
Imagine investing 1 mln $ in bitcoins and not run one full node for example 15$ per month.

[allankey]

So miners earn the fees, but full nodes get nothing. Okay.  A strange concept for me to grasp. lol

The primary purpose of a full node is to protect your bitcoins. If your wallet is not a full node, or is not connected to your full node, then you are relying on somebody else to protect your bitcoins. As a secondary benefit, each additional node also helps to protect the integrity of the network.

Then those who run BTC nodes voluntarily and altruistically deserves our respect.

[NorrisK]

So miners earn the fees, but full nodes get nothing. Okay.  A strange concept for me to grasp. lol

The primary purpose of a full node is to protect your bitcoins. If your wallet is not a full node, or is not connected to your full node, then you are relying on somebody else to protect your bitcoins. As a secondary benefit, each additional node also helps to protect the integrity of the network.

Then those who run BTC nodes voluntarily and altruistically deserves our respect.

They should indeed! Especially since it takes up quite a bit of network resources (I remember numbers like 200 GB a month in traffic), some network providers won't be happy with that.

Imo it wouldn't be bad though if nodes got rewarded part of the miner fees. Or maybe implement a set low fee called the network fee (like 1000 satoshi or something) to reward them for running nodes. It might also increase the number of nodes as everybody would want a piece of the pie.

May increase the price of transaction slightly, but if it enhances security, I'm all for it.

[allankey]

So miners earn the fees, but full nodes get nothing. Okay.  A strange concept for me to grasp. lol

The primary purpose of a full node is to protect your bitcoins. If your wallet is not a full node, or is not connected to your full node, then you are relying on somebody else to protect your bitcoins. As a secondary benefit, each additional node also helps to protect the integrity of the network.

Then those who run BTC nodes voluntarily and altruistically deserves our respect.

They should indeed! Especially since it takes up quite a bit of network resources (I remember numbers like 200 GB a month in traffic), some network providers won't be happy with that.

Imo it wouldn't be bad though if nodes got rewarded part of the miner fees. Or maybe implement a set low fee called the network fee (like 1000 satoshi or something) to reward them for running nodes. It might also increase the number of nodes as everybody would want a piece of the pie.

May increase the price of transaction slightly, but if it enhances security, I'm all for it.

Perhaps there should be an appreciation day for them.

[odolvlobo]

I predict that one day full-nodes will charge for the information they provide.

[allankey]

I predict that one day full-nodes will charge for the information they provide.

The information of the users that were connected to them?

That sounds very sinister.

[achow101]

I predict that one day full-nodes will charge for the information they provide.

The information of the users that were connected to them?

That sounds very sinister.

No. Full nodes provide the entire blockhain and all transactions that they receive and accept. That is the information they provide, not the information if the nodes that connect to them.

[odolvlobo]

I predict that one day full-nodes will charge for the information they provide.

The information of the users that were connected to them?
That sounds very sinister.

No. Full nodes provide the entire blockhain and all transactions that they receive and accept. That is the information they provide, not the information if the nodes that connect to them.

Like the internet, permanent full nodes will have peering or transit agreements with other full nodes, but they will also charge SPV nodes and intermittent full nodes for data.