Absolutely. If not for the money right now, it will be in the future for sure. But it's worth it for the knowledge as well ; everything you learn from it setting it up ; the supporting of the network and to make Bitcoin accessible for everyone. Revolution incoming.
100%. The LN is getting bigger by a lot. Beeing an important Node will pay out for sure. Right now I dont ask nearly any fees. And only the support for the network is payment enougth.
Right now for the reason of pure altruism only lol. With your help I'm hoping to change that because from what I understand right now, a profitable node actually will route a lot more traffic. Technically indefinitely, and that in my opinion is much better for the network as a whole.
Never ran a node but I'm willing to learn to determine if i can push the envelope with higher pricing and run more transactions. Perhaps a lesser known coin needing more operators is a way into this niche market like ZEN on the Horizen Network. Not sure if ZEN is the same but I own almost enough coin to Node but not e involved in transactions but I'm still learning what is expected of operators and how to grow the biz. Part of my reasoning is to compete but it also depends on how much time is involved and if my assets are suitable and I can allocate resources. I also need to better understand why some are earning so low with btc so high and are more people needed or is the node market saturated.
While it may not be immediately profitable, I can see where it could be beneficial in the long run. As a hobby miner, I always have a bit of liquidity ($45/week) which I could easily tie up in a lightning node
Your videos inspired me to get an Umbrel node spun up on a Raspberry Pi. Thank you for your hard work in getting this great content put together and posted for free for us plebs!
I really like your content, but running a UA-cam channel about Lightning is probably more profitable than running a node itself for the foreseeable future. Just saying.
So, I think I was asking the wrong question - the question should be how much does it cost to run a lightening node? Also, is $1000 in BTC enough to get started with (as I may want to have multiple nodes in the future)?
Newbie to learn more about blockchain, BTC, and other cryptocurrencies. I am beginning with a Start9 rig and OS. Any thoughts about this and setting it up for lighting?
Always fun to stumble onto old videos like this with super useful info AND outdated info "...you could earn lot more putting it into Celsius or Block-Fi." Wait til this old Jonathan hears what happens to Sam Bankman Fried! LOL
I use to mine back in the Antminer S3 days.. Now just have a couple little solo miners and looking routing as a way to make a little money and just something to be a general geek with, i'm crippled up from two strokes and other health issues, so just trying to figure out how this side of crypto works. I have umbrel on a HP mini PC and a full node run including inbound connections.. So any idea that would point my to making lighting start to pay would be great. not expecting miracles,, just would be nice to see a bit coming in...
But the lightning network fees don't replace the bitcoin network fees; do they? I assume you still have to pay the miners to push that transaction into the next block. If you can do this and get around the miners fees we should be able to create fee-less system. There could be node wallets, which are wallets held (directly associated with) an active full node. Node wallet to node wallet transactions are fee free while simple wallets still attract network fees. This would incentivise everyone to run their own full node, thus further decentralising and securing the network. Then we'd have fast, free, and secure transactions.
What happens to the fees when there are multiple hops? Will the user pay (as an example) 250 ppm * 6 if there are 6 hops each one charging 250 ppm? This becomes expensive and losses the whole point of the LN isn't it?
Appreciate the free content, but let me just be the first to say your intro music is WAY TOO LOUD. Would benefit your branding to turn that down a little bit man. xD
Yeah most of us will never have as much Bitcoin as Alex, but you could still get started with a smaller amount. Though to run a serious node does require 1-2btc in my opinion
I guess if you get really really big and need more processing power, yeah. Also, having a laptop with a battery as a UPS would be good. But otherwise, no.
Okay, so I've watched this and realised you make sweet fuck-all by running a Bitcoin Node. More chance of getting stuck by lightning than profiting from Lightning!!!
What do you think... is it worth it running a lightning node? Let me know!
Absolutely. If not for the money right now, it will be in the future for sure. But it's worth it for the knowledge as well ; everything you learn from it setting it up ; the supporting of the network and to make Bitcoin accessible for everyone. Revolution incoming.
100%. The LN is getting bigger by a lot. Beeing an important Node will pay out for sure.
Right now I dont ask nearly any fees. And only the support for the network is payment enougth.
Right now for the reason of pure altruism only lol. With your help I'm hoping to change that because from what I understand right now, a profitable node actually will route a lot more traffic. Technically indefinitely, and that in my opinion is much better for the network as a whole.
Never ran a node but I'm willing to learn to determine if i can push the envelope with higher pricing and run more transactions. Perhaps a lesser known coin needing more operators is a way into this niche market like ZEN on the Horizen Network. Not sure if ZEN is the same but I own almost enough coin to Node but not e involved in transactions but I'm still learning what is expected of operators and how to grow the biz. Part of my reasoning is to compete but it also depends on how much time is involved and if my assets are suitable and I can allocate resources. I also need to better understand why some are earning so low with btc so high and are more people needed or is the node market saturated.
While it may not be immediately profitable, I can see where it could be beneficial in the long run.
As a hobby miner, I always have a bit of liquidity ($45/week) which I could easily tie up in a lightning node
"Put into Celcius " you might want to delete that statement now
You are a philanthropist, Mr. Levi, thanks! I want to run a node, so I'm watching your videos to know what hardware to buy. Thank you!
9:30 oof ... Celsius, yeah no, you do not make money with them...
Your videos inspired me to get an Umbrel node spun up on a Raspberry Pi. Thank you for your hard work in getting this great content put together and posted for free for us plebs!
how is it going?
Thank you, your content is great! I would recommend you amend your video as you're recommending people deposit BTC into Celsius & BlockFi.
The Celsius & BlockFi comment didn't age that well.
Iknowright?
I really like your content, but running a UA-cam channel about Lightning is probably more profitable than running a node itself for the foreseeable future. Just saying.
Hahaha! probably, unless you have a really big node.
@@Bitcoinftm that's what she said
Eesh Celsius shoutout didn't age well but thanks for this!
True, True.
So, I think I was asking the wrong question - the question should be how much does it cost to run a lightening node? Also, is $1000 in BTC enough to get started with (as I may want to have multiple nodes in the future)?
I’m running a Bitcoin LN, regardless of earnings connecting with channels.
I’m a true Bitcoiner. Viva La Bitcoin!
Boom!
How much did you get for last month?
Newbie to learn more about blockchain, BTC, and other cryptocurrencies. I am beginning with a Start9 rig and OS. Any thoughts about this and setting it up for lighting?
Just learning how to run a node... today's awesome topic to learn.
This is amazing content. I learn so much from each video. Thank you for your time and generosity, Jonathan!!
Happy to help. Keep watching sharing and liking!
I want to run LN node and some day when 300$ is not a % from my portfolio, i will do.
Also once i have it, i want to think about developing ln apps.
Always fun to stumble onto old videos like this with super useful info AND outdated info "...you could earn lot more putting it into Celsius or Block-Fi." Wait til this old Jonathan hears what happens to Sam Bankman Fried! LOL
I use to mine back in the Antminer S3 days.. Now just have a couple little solo miners and looking routing as a way to make a little money and just something to be a general geek with, i'm crippled up from two strokes and other health issues, so just trying to figure out how this side of crypto works. I have umbrel on a HP mini PC and a full node run including inbound connections.. So any idea that would point my to making lighting start to pay would be great. not expecting miracles,, just would be nice to see a bit coming in...
But the lightning network fees don't replace the bitcoin network fees; do they? I assume you still have to pay the miners to push that transaction into the next block. If you can do this and get around the miners fees we should be able to create fee-less system. There could be node wallets, which are wallets held (directly associated with) an active full node. Node wallet to node wallet transactions are fee free while simple wallets still attract network fees. This would incentivise everyone to run their own full node, thus further decentralising and securing the network. Then we'd have fast, free, and secure transactions.
Love your videos! Keep going.
Thank you!
What happens to the fees when there are multiple hops? Will the user pay (as an example) 250 ppm * 6 if there are 6 hops each one charging 250 ppm? This becomes expensive and losses the whole point of the LN isn't it?
its 6 different fees from 6 different nodes. so if one has 250ppm fee then the rest will be added to that initial 250ppm.
2024 Celsius...i hope you all learn about that
really good information. i run one, Just to learn more about it. Thanks!
Great to hear!
Great video. Thanks for all the valuable insights. Started running a node using BTC pay server.
can I ask, after a year, how its gone for you?
I'm looking for instructions to run the lightening node on a MAC with M1 chip. Anyone?
Really greatly done video!!
Glad you liked it!
love these videos, incredibly helpful!
So glad! Please make sure to share!
Great video Jonathan
Thanks man! Please make sure to share it around, it really helps! And make sure you're subbed.
Ouch to mention blockfi of only he knew what would of happened. I know this video is a year old.
thanks a lot !!!!
You're welcome!
super! I wait the next sence!
Q: Why do I run a lightning node?
A: Have you ever tried to stuff a banker into a flux capacitor?
We need a drum tap emoji for that good humor!!
Excellent video.!!!! Wow
Thank you! Cheers!
Thanks for the honesty
Running a Lightning node is like playing a RTS game.
Haha!
Haha He said Celsius which turned out to be a scam
09:28 Did not age very well
True, true! Good thing I've been in favor of running a node to earn bitcoin on your bitcoin from the very beginning.
Great content. You definitely deserve more views. Subscribed
Thanks for the sub!
another good video that helped me understand
Glad to hear it!
PUT IT IN CELSIUS????!!!!
Yeah this didn’t age well but I of course always tried to encourage folks to SELF CUSTODY INSTEAD
What if I am not worried about making money, but don't want to lose money either?
If you don’t want to lose money, you should keep your savings in Bitcoin :)
Hey do not forget that LTC also support LN, ant it's here to help BTC
Litecoin? Ugh.... No.
@@Bitcoinftm 😂 ok ok got it
Ppm is such an untuitive unit. Why not just use percentages?!
Because you’d be talking about 0.0001% in the case of lightning, which is annoying and harder to say than 100ppm
Lol I properly managed my node this morning
Appreciate the free content, but let me just be the first to say your intro music is WAY TOO LOUD. Would benefit your branding to turn that down a little bit man. xD
I didn't want to be the one to say it. Thanks.
First!
Thanks for the comment!
Bosworth also had to fund the channels that earned him that 30k. An impossibility for me so his comment does not mean much.
Yeah most of us will never have as much Bitcoin as Alex, but you could still get started with a smaller amount. Though to run a serious node does require 1-2btc in my opinion
Thank you for the great info! Please can you do a video about bitcoin core ( full node)? I would so much appreciate it, thanks!
What exactly do you want to know?
is there any advantage to run a desktop v. raspberry pi?
I guess if you get really really big and need more processing power, yeah. Also, having a laptop with a battery as a UPS would be good. But otherwise, no.
Now you can remove Link with Celsius ☺.
The Celsius and BlockFi recommendation didn’t age well 😂 if you did that your money is gone.
Buddy would make way more staking 700 btc than running a node wallet
Staking... as in, losing it to Alex Mashinsky's gambling problem? ;)
Nice video, sub.
This was quite long ago 😅😅
Wtf , 6 dollars dont cover shit , why would any one do this crap
Okay, so I've watched this and realised you make sweet fuck-all by running a Bitcoin Node.
More chance of getting stuck by lightning than profiting from Lightning!!!
Depends what you consider fuck-all. Some of us earn $10/mo, which isn't nothing... But yeah, it's not a ton.
celcius or blockfi lol
Celsius and BlockFi kkkkkkkkkkkkkkkkkkk are great joke right now
Truth
By 6 dollars every month you will be better off than doing this crap
3 minutes content in 15 minutes. 👎
Well, your name checks out. Didn't know they came in the male variety.
@@MSTRoftheUniverse kek
Might earn more from "celius or block fi". that aged well.