551 sats \ 4 replies \ @andy 18 Oct 2023 \ parent \ on: Will Large Miners Operate Lightning Routing Nodes? bitcoin
If you pair bitcoin mining with Distributed Charge - GRID (http://andyschroder.com/DistributedCharge/GRID/Overview/) and a lightning enabled mining pool payout, the miner can collect their revenue and pay for their expenses directly with lightning without needing to make extra on chain transactions. Mining pools can afford to make much more rapid payouts with off chain transactions. Making much faster payments for your expenses with Distributed Charge - GRID allows a miner to operate a bit leaner than they otherwise (they will collect revenue and pay their main expense nearly instantly) would and will allow them to take part in the future where we have a truly decentralized energy grid where instantaneous pricing is based on the price your neighbors are willing to buy and sell energy at right now.
I'd say that will be a big incentive to run a lightning node as a miner, but not necessarily an advantage over players in the marketplace. In a bitcoin only economy, everyone should be collecting their revenue and paying their expenses with lightning, but right now, miners can only collect their revenue in bitcoin, so the will be early adopters
Have you considered enabling TLS on your website?
reply
is just reading a text not shopping mall...
reply
True. I just had a discussion about this the other day which is what prompted me to ask: #286619
reply
Yes, using lightning for payouts makes sense for mining pools.
But I'm talking about running a lightning node with the aim of earning non-trivial money from routing. Not running a lightning node because it's useful for payments.
reply