This is not good for Bitcoin. Capital distribution on Lightning via mempool.space
Discussion
It is not, but only few freaks like myself would entertain idea of a server at home with UPS and all other bangs and whistles! 🐶🐾🫡
What software package did you use for LN? Can you point me to a good guide for setting up a server at home?
I’d start with #[4] ! Good starting point. Once you get comfortable, then we can talk about more serious setup! I am still on Umbrel myself, so not ready yet! 🐶🐾🫡🫂
Ah thanks 🙏 Was already looking at Umbrel, seems very plebfriendly in setting up. Will let u know how it goes 🤙
Be careful with channels. The restore doesn’t work, it will trigger force close channel from the other parties! Let me know if you have questions along the way! 🐶🐾🫡
Thanks! How did you choose your hardware? Run anything else on it?
Something like this! 🐶🐾🫡
https://www.supermicro.com/en/products/system/Mini-ITX/SYS-E300-8D.cfm
I am in the same camp. UPS is a must. Also my home battery system gives me unfair advantage of 10+ hours of power. Dual fuel generator will cover me beyond that; haven't unpacked yet.
Thinking of setting up another server on my in-law's place for geo-replication.
Good to see likeminded freaks! 🐶🐾🤜🏻🤛🏻
This is the only way, and add extra internet connection to make sure! 🐶🐾🫡🤙🏻
There might be a significant share of nodes behind a hosted VPN. It would be interesting to measure.
Fairly certain those numbers are highly inaccurate though. My node’s IP resolves to digital ocean, but that’s just the clearnet tunnel. My node is self-hosted with a TOR fallback. No funds are actually held on Digital ocean and even if they went down I could keep on routing just fine.
Bitcoiners that have been around for a few years will have plenty of memories to understand the risks of trusting 3rd parties.
Sadly, it’s going to hurt the most for newcomers who most likely won’t be practicing safe HODL strategies.
Need to pitch my home server workflow to more node operators. rise of home servers 🤙⚡🧡
An unknown amount of home nodes appear as if they are hosted with those cloud providers because they are using a small VPS + VPN to have clearnet connections, but the node itself is still at home.
So the problem is somewhat smaller than what this picture looks like. We just can't know how much.
If shit hits the fan with Google or AWS, the node runners can simply move their tunneling to another VPS provider, go back to Tor or show their true IP.
Very interesting
We need five-click LN node deployment
-1)Flash SD card,
0) insert into Raspberry, Orange, whatever-Pi,
1) Wallet creation
2) DNS setup, Tor routing...
3) link to mobile wallet
And NO TERMINALS!
Konsole scares people 💀 instead more glossy material design and slow animations.
Btw, home nodes using VPNs with these IPs are almost certainly *not statistically significant*. I'd be surprised if they'd be even represented by even a single slice in this diagram.
They are nice, you should consider it, but it doesn't matter in the overall statistics.
This is not node count but _public_ capacity
Let’s grow the other pie slice. Doing my part. 🫡
No PoS, no problem I can see.
Also many nodes might simply be private, no you can't see them here.
If there is an attack vector on cloud-based ones, more private nodes will come public is my guess.
Misleading chart. Why? I explain it here:
https://darthcoin.substack.com/p/omg-ln-nodes-are-running-on-amazon
What's the gist? The article is too long :)
I'll reply before reading:
- Tor-only nodes: they don't have much Bitcoin as they are mainly home nodes
- VPNs: only a very small minority of home node runners do this, almost no company does this (who have the vast majority of Bitcoin on LN).
Either way: The chart is not misleading. Either you understand how the data was gathered or you don't. It's not the job of the chart to make you *think*.