How to run a bitcoin node as a traveling digital nomad?
I would like to upgrade my bitcoin citizenry status and operate a full node, but the problem is, I have not found an easy solution that works with my lifestyle. I am a "digital nomad". I do not have any permanent home base. The longest I normally stay in any single location is about a month. I travel light, since my entire life needs to fit into luggage. Hardware that is already in my travel kit includes an iPhone, a Macbook, and a Trezor one. Is there an easy solution to running a full node with this kind of lifestyle? Can I utilize any of my current kit sufficiently? Or do I need separate/additional hardware? Does it make sense to run a full node from my MacBook? Would this interfere with how I need to use and rely on my MacBook for my other tasks/work? Do regular and intermittent internet stoppages matter? (Since I travel often, the node would be disconnected often and reconnected to a new WiFi network,etc). Any insight and recommendation is greatly appreciated. Cheers
I just sent this mail to r/btc mods requesting to sticky a post about: How to Run a Bitcoin Node with Port 8333 Open. Let's see how they reply.
Background: I read hellobitcoinworld 's post about reminding new node runner to open port8333. I find it is fairly important under current situation. I really wanted to keep this post up as long as possible to remind these new node runner and the ones in the future. Therefore, I requested several times in his post to the mods to make it sticky, but none of them replied. I am a bit frustrated because I don't want to see people who want to support the network turn out to be doing it wrong. That's why I composed this email to the mods. The reason I posted it out is because I wanted to see if there is more people share the same opinion as mine. Hi Mods, As you all might notice, there has been a huge surge in Bitcoin nodes these days, hence there must be many first-time node runners joining. Therefore, hellobitcoinworld posted this post. I understand that your mod team wants to be neutral in this whole blocksize debate, however, the link in that post is from Bitcoin.org, which is there only for education purpose, for anyone want to run a Bitcoin node. It is there to help increase the security and health of Bitcoin, no matter what client you are running. Therefore, I earnestly request that we make this post sticky. At least for a while. I sincerely believe in Bitcoin. I, like everybody else, am trying to do everything I can to help Bitcoin success. If I knew that so many people are joining to support the network but they are doing it wrong, I would be very sad and anxious to help them. PS: I noticed that he included Bitcoin Classic node in his title. Maybe we can ask him to remove the word Classic and make a new post, so the sticky can be completed neutral? Best Regards, KC Edit1: For the people who disagreeing with making a neutral post, the stance the mod team in btc chose to take was to stay neutral in all these blocksize debates. hellobitcoinworld chose to step down as a mod because he was asked to either be neutral or step down. Please see this post. Therefore, I doubt they will make a post sticky if it contains the words like Bitcoin Classic. Edit2: Added Background.
Coinkite Bitcoin School, a collaboration with KISBitcoin for videos to teach you how to do Bitcoin safe and secure! The first video is out! "How to install Tor", you will need this as you learn how to run a Full Node next!
Coinkite Bitcoin School, a collaboration with KISBitcoin for videos to teach you how to do Bitcoin safe and secure! The first video is out! "How to install Tor", you will need this as you learn how to run a Full Node next! (x-post from /r/Bitcoin)
Working code for how to run two _identical_ lightning nodes at the same time. If one node fails you preserve your node id, channel liquidity and connectivity to your peers! This is a must for large bitcoin businesses using Lightning.
Just saw the post about the node validating, taking to a friend who knows more about bitcoin than me since it seems like a good thing to do and his comment was that I shouldn't cause its risky. And that's it, just told me not to do it. I would be running this on my PC and I meet all the requirements. Thanks.
Hello Bitcoin, What is (in your opinion) the best how to guide on running a bitcoin node. Of course people have different time preferences and goals but maybe we can generate a list ranging from options of lowest to highest time preferences. If you could provide a link with a description of why you think its so good then that would be great. Bonus points if you get it in more than language.
The Lightning Network is a second-layer protocol that operates on top of the Bitcoin blockchain to enable off-chain, low-cost, high-speed bitcoin transactions through a network of bidirectional payment channels called Lightning channels. The primary idea behind the Lightning Network is to take the pressure off the Bitcoin blockchain (or any other compatible blockchain) by processing transactions off-chain and only recording the starting and ending balance on the blockchain. According to the Lightning Network analytics platform 1ML, there are currently over 10,000 Lightning nodes with almost 35,000 payment channels. The network capacity of the LN stands at over 820 BTC (USD 7.3 million). The median base fee for a bitcoin LN transaction is one satoshi (USD 0.00008902). At the moment, the Lightning Network is used for micropayments, such as social media tipping and small online purchases. Large transactions cannot (yet) be processed over the LN. https://preview.redd.it/30azzf9nxfy31.jpg?width=860&format=pjpg&auto=webp&s=5bc9cb0fb2ce18f6fa5370bcb4a7b6f59590cf53
Stacking sats with the Lightning Network
Individuals who run Lightning nodes are able to earn a small about of bitcoin by charging a fee to process bitcoin transactions through their Lightning channels. Alex Bosworth, Infrastructure Lead at Lightning Labs, a developer of the Lightning Network, tweeted in February:
“I'm pleasantly surprised that there is now so much activity on Lightning that my own little node is now routing more than USD 10,000/month. [...] I'm getting paid 0.25% for routing.” That means he earned around USD 25 a month for running a Lightning node at the time.
As Bosworth’s experience shows, the earning on LN nodes are minimal but as activity on the LN picks up, fee income for node operates may increase. Moreover, LN fees incentivize more users to join and operate nodes to grow the network.
How to earn satoshis by running a Lightning node
Setting up a Lightning node requires technical experience that the average bitcoin user does not possess. Fortunately, for the less tech-savvy, multiple companies, such as Lightning in a Box, Nodl.it and Casa are offering solutions that would help start running a node much easier and faster. Coinmine, an "all-in-one" crypto device, also aims to start supporting the Lightning Network soon. To earn BTC with your node you need to forward transactions from other Lightning nodes via your node. Sending nodes will look for the optimal path the process the transaction, which means your node’s fee must be set at a level that is low enough so that transactions are routed through it while still generating a profit. Alternatively, you can go with your node’s default setting and see how much you earn. Ensure that your node is funded, by sending BTC to your node wallet address and set up channels with other nodes so that you can start earning BTC by playing your part in the Bitcoin Lightning Network. While you can earn a few satoshis running a Lightning node, it will definitely not make you a bitcoin millionaire. However, that is not the point.
Step 2: Choose what OS you want to run. Bitcoin full node supports variety OS, such as Windows distributions (7,8,10), Linux distributions including Ubuntu, Debian etc and Mac OS. I decided to run ... Running a Bitcoin full node comes with certain costs and can expose you to certain risks. This section will explain those costs and risks so you can decide whether you’re able to help the network. Special Cases. Miners, businesses, and privacy-conscious users rely on particular behavior from the full nodes they use, so they will often run their own full nodes and take special safety ... Bitcoin node on VPS the costs. This VPS solution is totally up to you and of course, you have to decide what your priorities are. The costs for running a Bitcoin node on VPS will be about 40 – 50 US dollar pro month. Maybe you can get it cheaper and I would advise you to check the following hosting providers: Digital Ocean ; Hostinger ; Hetzner If you’re planning to run your node on a computer locally, you can decide whether you’d like to run the Bitcoin Core software as a standard application (the GUI or Graphical User Interface) or through the command line as a background process. If you’re working on the cloud you’re most likely going to use the command line method. myNode aims to be the easiest way to run a dedicated, easy to use, Bitcoin Node and Lightning Wallet! By combining the best open source software with our UI, management, and monitoring software, you can easily, safely, and securely use Bitcoin and Lightning. myNode is a dedicated device that provides access to the Bitcoin and Lightning networks along with a number of other features! By using a ...
This video will teach you how to build a full Bitcoin and Lightning node from scratch using the Umbrel software stack. It goes through parts, assembly, softw... Non-Farm Payroll Tomorrow - Live Trading - S&P 500, Bitcoin, Gold/Silver & US Dollar Conquer Trading & Investing 732 watching Live now Bitcoin's Lightning Network, Simply Explained! SHOW RESOURCES: myNode Website https://mynodebtc.com/ Parts list (my higher-end version) Raspberry Pi 4 https://www.amazon.ca/gp/product/B07W7W18S8/ref=ppx_y... How to run a full bitcoin node Most Bitcoin wallet software connects to other servers to verify Bitcoins (BTC) you’ve sent and received. This means that transactions can be linked to your own IP ...