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Author Topic: Monetize a Full Node?  (Read 651 times)
trigger1975
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December 14, 2016, 10:01:14 PM
 #1

I'm running a Bitcoin Core full node (not pruned) for my hosting one of my hot wallets and for idealism to support the network.  But nevertheless it's on a Raspy it still consumes 3-5W at Germany's crazy electricity costs.  So I was searching the net for a possibility to monetize my full node for a very small amount of Satoshis but did not find anything.  Does anybody know a way how to monetize a core full node for a small return?

// Alex
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December 14, 2016, 10:08:46 PM
 #2

I'm running a Bitcoin Core full node (not pruned) for my hosting one of my hot wallets and for idealism to support the network.  But nevertheless it's on a Raspy it still consumes 3-5W at Germany's crazy electricity costs.  So I was searching the net for a possibility to monetize my full node for a very small amount of Satoshis but did not find anything.  Does anybody know a way how to monetize a core full node for a small return?

// Alex

AFAIK there's none.  There was an incentive program ran by bitnodes.21.co but it stopped last year.

                                                                       
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trigger1975
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December 14, 2016, 10:37:03 PM
 #3

AFAIK there's none.  There was an incentive program ran by bitnodes.21.co but it stopped last year.

I was afraid so. Hmmm.  Maybe something else like JoinMarket (which I do participate already) which does give small return and requires a full node?
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December 15, 2016, 05:46:19 AM
 #4

you run a full node if you want to help the network and contribute to bitcoin because bitcoin is decentralized and if we the users don't contribute there is nobody else that will. and there will never be any reward in it apart from being able to use bitcoin and that should be enough reward.

however you can ask for donation to help a little with running a full node if the payment is hard for you.

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December 15, 2016, 06:40:31 AM
 #5

Maybe something else like JoinMarket (which I do participate already) which does give small return and requires a full node?
Are you talking about this https://github.com/JoinMarket-Org/joinmarket/wiki but there is nothing like you will get paid to run full node there.

Also i don't think there is any program offering incentive to just run bitcoin node to support bitcoin network.

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trigger1975
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December 15, 2016, 08:55:06 AM
 #6

Maybe something else like JoinMarket (which I do participate already) which does give small return and requires a full node?
Are you talking about this https://github.com/JoinMarket-Org/joinmarket/wiki but there is nothing like you will get paid to run full node there.

Also i don't think there is any program offering incentive to just run bitcoin node to support bitcoin network.

Indeed JoinMarket does not "pay" for running a full node, but a full/pruned node is required to participate JoinMarket as a maker.  So my full node, JoinMarket and my JoinMarket wallet stake give me at least a (very) small interest on that combination.  I was just wondering if there is anything else available like this …

// Alex
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December 15, 2016, 09:05:06 AM
 #7

Maybe keeping also the wallets for some (PoS?) altcoins could help.
Also you could research about masternodes.
But yeah, this is altcoins in which you have to invest first and I can't tell if the investment will worth it over time.

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December 15, 2016, 10:28:45 AM
 #8

I think that the idea of node reward should be thought about genuinely.  Going forward it is going to be a bigger issue as running a full node will become more expensive not only financially and on hardware.
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December 15, 2016, 10:34:14 AM
 #9

Maybe keeping also the wallets for some (PoS?) altcoins could help.
Also you could research about masternodes.
But yeah, this is altcoins in which you have to invest first and I can't tell if the investment will worth it over time.

but isn't that going to take a huge space on your system running the full node? I mean a bitcoin full node is already taking up around 100GB disk space and also takes a lot of the network traffic already, now how much one of these PoS coins are going to take? and some of them even have smaller times between their blocks which makes their blockchain grow super fast.

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December 15, 2016, 10:56:36 AM
 #10

It's something that I've thought about, and commented on in this forum. The only thing I've seen so far, is the sale of a full current blockchain on a memory stick. This saves time for people starting a node with a slow Internet connection.

A start would be a "club" for node operators. Maybe there could be a closed board on Bitcoin talk. In fact I might suggest that.

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December 15, 2016, 11:20:46 AM
 #11

Maybe keeping also the wallets for some (PoS?) altcoins could help.
Also you could research about masternodes.
But yeah, this is altcoins in which you have to invest first and I can't tell if the investment will worth it over time.

but isn't that going to take a huge space on your system running the full node? I mean a bitcoin full node is already taking up around 100GB disk space and also takes a lot of the network traffic already, now how much one of these PoS coins are going to take? and some of them even have smaller times between their blocks which makes their blockchain grow super fast.

I did a few google searches. DASH blockchain seems to be 1.14 GB. XMG blockchain is 707 MB. As you see it's quite a difference from Bitcoin's 112GB..
I think that the blockchain sizes is not an important issue. However, I didn't check other coins, I'm not into PoS nor masternode business, so more research is needed if OP wants to go on this direction.

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trigger1975
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December 15, 2016, 11:26:00 AM
 #12

Maybe keeping also the wallets for some (PoS?) altcoins could help.
Also you could research about masternodes.
But yeah, this is altcoins in which you have to invest first and I can't tell if the investment will worth it over time.

Thanks for the suggestion.  I was thinking about this previously as well … But actually I don't like the idea to invest a decent amount of BTC to get a stake for a PoS node.  E. g. DASH requires a stake worth 12 BTC at current exchange rate.  If price gets dumped, I might ending up halving (or even more) my stake in BTC.  Too much risk for me. :-)
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December 15, 2016, 11:29:49 AM
 #13

A start would be a "club" for node operators. Maybe there could be a closed board on Bitcoin talk. In fact I might suggest that.

Why must this board be closed?  But sounds like a good idea :-)
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