0 sats \ 12 replies \ @sime 18 Oct 2023 \ parent \ on: Will Large Miners Operate Lightning Routing Nodes? bitcoin
They can open channels for free. Only tiny advantage I can imagine
Self-mined transactions are generally not free. The space could have been used for other, paying, transactions.
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Ooh. Nice way of putting it.
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How do they open channels for free ?
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by mining them
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Electricity is free?
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no but miners don't pay mining fees
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They do. Everybody does. Miner A pays to the miner B who wins the mining race for the block with A's transaction.
Sometimes, it might happen that a miner mines a block with its own transactions. But that's nothing you can rely on.
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But that's nothing you can rely on.
You can. You just don't broadcast the transaction. So the transaction will only be included in a block when you mined a block. Then you can do it for free. You just need patience.
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Plus some of the larger pools reliably mine many blocks per day. Definitely doable from that perspective
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There's still an opportunity cost of replacing that free TX
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Ya this is what i couldnt quite put my finger on, ty. It isnt free.
Ah, I see, you're right.
I only thought about mining fees when talking about "free transactions".