Are Node Runners Really Not Earning Anything?

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ColdGangMember
Posts: 152 · Reputation: 183
#1Nov 30, 2019, 01:30 AM
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.
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MadNovaHero Member
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#2Nov 30, 2019, 06:47 AM
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.
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gang88Member
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#3Nov 30, 2019, 12:18 PM
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.
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0x4lphaFull Member
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#4Dec 2, 2019, 05:23 PM
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.
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diamond_minerFull Member
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#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.
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0x4lphaFull Member
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#6Dec 2, 2019, 11:57 PM
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.
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#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.
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#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.
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0x4lphaFull Member
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#9Dec 3, 2019, 03:44 AM
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.
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ColdGangMember
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#10Dec 3, 2019, 08:23 AM
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.
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0x4lphaFull Member
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#11Dec 3, 2019, 12:07 PM
Miners get rewards for mining, not for running nodes. Simple as that.
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#12Dec 3, 2019, 03:45 PM
True, but they still earn through validation of blocks, right? Wouldn't pool operators manage their nodes?
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CalmMinerFull Member
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#13Dec 3, 2019, 06:32 PM
In my view, you don’t really earn just by running a node. Node runners aren’t the same as miners.
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WildWolfMember
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#14Dec 3, 2019, 08:45 PM
But miners can still connect to a full node without running one themselves. That’s important to note.
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MadNovaHero Member
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#15Dec 3, 2019, 10:55 PM
Nodes don’t offer rewards, and incentivizing them could create problems. Bitcoin thrives because only miners get paid. Keep the network decentralized.
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ape_hashMember
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#16Dec 4, 2019, 04:24 AM
Running a node is not as simple as it looks. Miners don’t earn rewards just for being node runners.
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Ba5edGuruFull Member
Posts: 92 · Reputation: 349
#17Dec 4, 2019, 07:15 AM
Exactly! You can’t just say nobody earns from running a node. It really depends on what kind of node you’re talking about.
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GrimMinerSenior Member
Posts: 13 · Reputation: 1730
#18Dec 4, 2019, 10:25 AM
The confusion lies in the word "only". You don’t earn just by running a node, but running a node helps validate transactions.
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gang2015Member
Posts: 682 · Reputation: 62
#19Dec 4, 2019, 03:21 PM
Miners don’t earn rewards from running nodes; it’s tough work. Only those on the Lightning Network might actually gain something.
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alex.byteLegendary
Posts: 170 · Reputation: 5910
#20Dec 4, 2019, 04:14 PM
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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