Nostr Web Client

Hello everyone! I want to share my opinion on how much a node or multiple nodes in the #Bitcoin #LightningNetwork can earn for their owners, using the example of my own nodes. I will provide the figures as an annual percentage.

Currently, over approximately five days, the entire network of my nodes earns about 500,000 satoshis per day on average. This is an average parameter. 500,000 satoshis is 0.005 bitcoins.

The liquidity on my side across all nodes is roughly around 300 bitcoins. So, let's simply calculate the annual percentage. You can roughly calculate it like this: 0.005 bitcoin multiplied by 365 days divided by 300 bitcoins. Multiply by 100%, and it comes out to about 0.6% profit from fees, which are currently at 700 ppm + 1 sat base fee.

This formula does not take into account the costs for opening channels, which include on-chain fees for Bitcoin channel opening transactions, nor does it include various expenses related to channel closures, whether automatic or forced, cooperative or forced. We are just taking the net figure as if the same channels were open all year without any expenses. You should also consider the risks associated with annual node maintenance. These include hosting costs, creating backups, labor efforts, and the risks of node hacking, which could theoretically be hacked and have all funds stolen.

Is this a profitable venture? You decide for yourselves. I just wanted to share some useful information with you.

Goodbye!

#Stats #LNBiG #profit #fees

Davide 8mo ago 💬 1

You also sell inbound channels, right?

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LNBϟG 8mo ago

Yes, I have inbound channel sales, but only through a web form, not automatically like some wallet providers do, such as Zeus Wallet or Breez Wallet. I would be interested in trying this option automatically, but the lack of free time does not allow me to do this yet.

In case anyone is interested, I keep track of how many inbound channels are registered through the web form per day. A few months ago, it was an average of one, two, or three channels per day, but in recent days, an average of four to five inbound channels are purchased per day. I don't track the sizes of the purchased channels, I only count the number of channels sold.