pull down to refresh
0 sats \ 0 replies \ @duruzorcf 12 Apr 2023 freebie \ on: Does having your own lightning node help the community? bitcoin
Does having your own lightning node help the community?
Basically yes. One of the best way to benefit your community is by making passive income through your LN.. Lightning nodes seek the most efficient way of executing transactions. You need to set the node’s charge low enough to become affordable for the node to be lucrative. On the other hand, the charge should be high enough that it becomes an attractive way of earning passive crypto income.
Operating a node is more like art since special attention and care are needed for every channel. Whenever you are assessing traffic flow, fees, rebalancing, and which channels to open and close, you have to consider how traffic moves and how much it costs to move that traffic by reviewing a macro view over time. How do you make passive income with these nodes?
Adjust your channels to feed the traffic efficiently. Nonetheless, until traffic flows both ways, avoid keeping a channel perfectly balanced. For instance, in case of traffic moves in one direction, as is the case on many channels, then satosh is need to be continuously pushed or pulled back to feed that traffic.
Furthermore, it is always great to review routes during rebalancing. You can find where things need to be moved for a low cost, connected to whom, and where you can create a channel linked to one of the connecting nodes to minimize fees and maximize routing potential.
Creating a Tippin.me account on social media to accept tips through the Bitcoin Lightning Network is a great way to make money using the Lightning Network. You can also some sats each time a person transacts using your payment channel by supporting the quickly growing Lightning Network.
For the video creators, Light Tube lets them publish videos in return for BTC through the Lightning Network. Users who want to see a high-definition video need to pay the set 100 satosh as fee. On the flip side, uploaders may use LN payments to redeem money earned through their videos.
How much does it cost to operate a Lightning node? Making money is not the sole motivation for running the nodes since the profit is just a few pennies per month. In general, the equipment needed to run a node costs $200 and more.