A seriously dumb question so apologies in advance, but is this a purely altruistic action or is there reward? I mean, could you explain more about running nodes on the lightning network please:-)
A seriously dumb question so apologies in advance, but is this a purely altruistic action or is there reward? I mean, could you explain more about running nodes on the lightning network please:-)
Since the fees on the lightning network are very low compared to making transactions on the bitcoin blockchain your earnings will be low as it is not heavily used yet. Its more for helping the network right now then making money.
However think of it this way. If you an a establish trusted node running and a year from now millions more of transactions are done and even if you get 1% of that then every one of those satoshis you earn are going to be worth it in the long run.
You are most likely looking at about $0.50 to $4 a month in earnings at the moment.
For me it is all about being a part of the network and helping it. And who knows $4 today would be $40 the next with a major bitcoin bullrun.
Thank you. Perfectly explained and I fully understand!
All part of my learning process so I guess I should go and have a wander through your back catalogue!
Thanks again for taking the time!
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Thank you for asking happy to help out where I can.