Honestly, my grasp of English might be off, but this statement feels kinda sketchy and misleading. Sure, you can run a node without making money, but the way it’s worded implies that miners just don’t do it for profit, which is totally inaccurate.
Are Node Runners Really Not Earning Anything?
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Lol, didn’t think I’d get called out here. But yeah, running a node doesn’t earn you Bitcoin. Many do it just to uphold the principle of verifying transactions.
Running a node by itself isn’t gonna pay you anything... Most who benefit from nodes are miners. They do it to support mining, not just for the sake of it.
Miners are a different breed. They don’t just run a node, they mine too. But yes, they need to run a node to mine. Ambatman’s point is also valid. It clarifies that being a node runner doesn’t mean you earn anything.
diamond_minerFull Member
Posts: 138 · Reputation: 623
#5Dec 2, 2019, 10:53 PM
But you can earn from running nodes, just not directly from blocks. Like with the Lightning Network, people can earn fees by routing transactions through your channels.
Let’s clear this up. On-chain nodes are different from Lightning nodes. The convo here is focusing on the on-chain aspect, not the off-chain stuff.
notyourkeysNewbie
Posts: 252 · Reputation: 12
#7Dec 3, 2019, 02:07 AM
I don’t see why you think it’s misleading. Miners get their rewards by confirming blocks, but they need to run their nodes to stay updated.
king_matrixMember
Posts: 154 · Reputation: 163
#8Dec 3, 2019, 03:24 AM
If you think about miners’ nodes, that's a different case. They create and confirm blocks, so they earn. And yeah, you can earn a small fee with specialized nodes.
Not all miners have full nodes. Miners in pools often skip running full nodes. Solo miners in pools like ckpool don’t want to run a node but still want block rewards.
The statement’s kinda shaky. Saying no one earns from running a node isn’t right. Miners run nodes too and they do earn from that. It’s vague, for sure.
Miners get rewards for mining, not for running nodes. Simple as that.
notyourkeysNewbie
Posts: 252 · Reputation: 12
#12Dec 3, 2019, 03:45 PM
True, but they still earn through validation of blocks, right? Wouldn't pool operators manage their nodes?
In my view, you don’t really earn just by running a node. Node runners aren’t the same as miners.
But miners can still connect to a full node without running one themselves. That’s important to note.
Nodes don’t offer rewards, and incentivizing them could create problems. Bitcoin thrives because only miners get paid. Keep the network decentralized.
Running a node is not as simple as it looks. Miners don’t earn rewards just for being node runners.
Exactly! You can’t just say nobody earns from running a node. It really depends on what kind of node you’re talking about.
The confusion lies in the word "only". You don’t earn just by running a node, but running a node helps validate transactions.
Miners don’t earn rewards from running nodes; it’s tough work. Only those on the Lightning Network might actually gain something.
Just so you know, to open an LN channel, there’s a fee involved. Having Bitcoin balance is also a requirement.
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