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Good points
This is important for the long term, maybe it's better to just start with the fee and use the "better tech" speech to attract miners.
I don't watch the video, but these are some general point to look at:
- Rent hash with fiat :S to convert to solid money could be a path, but you will be KYC for sure.
- Rent hash with bitcoin :S I am pretty sure you will lose money, at leas 10%, unless you go solo mining
- At the end of the day you are "trusting" that the person/company keeps their word
- Shit happens, so you can't trust the "I promise you 10Ph/s for the next 6 months"
I see this as a way to shill some business, in this case the rent hash companies, the only valid point to use it could be to loose 10% or 15% of the capital you put in order to redirect the hashrate to your side, it's better than setup a large scale mining operation.
I endorse this message
It's unbelievable that we have the tools (BTC+LN) to literally remove fiat, liberate the humanity and waste time in scams.
If you are going to "start" from scratch, and don't have any idea of hardware/software config, the full version $1099 entry point with all ready to go, isn't expensive. In the future you could add more hashpower (bitaxe) and point to the node inside Apollo III.
Miner Only it's expensive.
"running a profitable LN node is probably extremely hard"
Indeed, in my point of view almost 90% of traffic is exchange related, no real human P2P business move the needle, so in that context:
- Lot of capital! like... a lot! 1BTC is too little.
- Clearnet
- Good hardware, failover
I saw this many time in the wild:
- 3k ppm (minimum)
- Open/Close to LOOP
- Open/Close any exchange
Done, you are running a profitable node at 10% (yield) and need one year to recover the hardware cost, the risk... big (force close/hadware failure/bugs).
This is the part of the code that render that info:
https://github.com/cryptosharks131/lndg/blob/master/gui/templates/home.html#L48C1-L51C87
I need a little more info about it to help:
- It was always doing that?
- What do you change?
- The text is identical?
- Do you change something directly in the db?
Hahaha good one.