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

I'm so happy when it's a sunny day, pretty sure I'm a plant

i don't know why it took me so many years to figure this out, but it turns out that if you stop eating like an asshole, your body functions better 😂

“ #Bitcoin isn’t an investment, it’s a declaration “

I like that 🔥

PS Spotify has no customer service so I don’t even have any ability to call and chew someone out 😤🤬😡🤯

I dont understand it either

The world changes, when you change.

minibits?

Does #pheonix wallet support zapping?

If not, what's a good wallet to zap with amethyst using just android?

Currently using zeus and it's just too heavy duty and the channels only seem to last 6 months before closing.

I've heard strike is good, and I love strike, but not looking to have kyc with a million micro transactions.

I can't use albyhub because I don't have a computer to run it all the time, and I don't want to pay every month for hosting

Thanks

#asknostr

#bitcoin