45
Davide
456cfdb590144b9cee34dc09130217a938446b2558f06624f1cf160accd0e57d
Replying to Avatar LNBϟG

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

You also sell inbound channels, right?

In my opinion they could try to identify the user using mouse movement patterns. Everybody has a different "style" when moving the mouse over the page.

The Italian bank Intesa Sanpaolo, one of the largest in the EU, has bought 11 BTC. It is the first Italian bank to directly invest in Bitcoin.

The news was initially leaked and then confirmed by the CEO.

Source (in Italian): https://www.money.it/intesa-sanpaolo-investe-in-bitcoin-l-annuncio-di-carlo-messina

The NSA Taps Ocean Cables

What can you do about it?

Global governments can not tap and record every router and switch on the planet earth, so they have to do it at large centralized locations.

There are cables that connect different continents’ internet. These are centralized choke points that can be easily be monitored.

Edward Snowden’s leaked documents detail how the NSA taps ocean cables of other countries. And how the British government tapped ocean cables as well.

And nothing has been done to change this situation, since these leaks were released. In fact, with larger budgets, it’s gotten worse.

Let’s first understand how Simplified Privacy works, and then how it can help deal with these challenges. Our VPN takes a double layer approach.

Layer 1 is System-wide. This is similar to a regular VPN.

Layer 2 is Browser-Only Isolated Profiles.

Turning the system-wide VPN lights up that profile slot green, as well as the top and bottom of the window. Additionally the top left corner says “Connected” in green.

If you’re using both systemwide and individual profiles, then connect to systemwide first, and then do the individual browser-only profiles, which turn red.

We highly recommend picking a system-wide location in a country close to you. Not only is this faster, but also when you cross the ocean cables, you’re part of a pack with other people. Otherwise it is encrypted, but you’re crossing them as a lone individual. For example if you live in the US:

Remember, your home ISP only sees that you have the systemwide connection. Then from there, the traffic is routed to different isolated countries. This makes the data packets different sizes from different routes.

Other VPN providers offer multi-hop WireGuard, but they do so in a purely linear fashion. This means your home ISP is seeing the exact same packet sizes as the ocean cables, making it easier to track the route.

Simplified Privacy:

With unmatched passion and drive, our team innovates. Our solution empowers you to have two or more profiles at the same time, so the data packets seen by your home ISP and the ocean cables are different sizes. This mismatch present challenges in matching traffic in other countries as you.

Do you want a more in-depth explanation? Hit up our podcast that compares our approach to Tor,

rss: https://podcast.simplifiedprivacy.com/index.xml

web: https://podcast.simplifiedprivacy.com/ocean/index.html

I could not find the link to the source code on your website. In the FAQ section it is missing.

It is not fair to calculate the "yearly" low on a six-day period and compare it with real yearly lows from the past.

I think it can also be useful to discover if there are people that you don't know directly but that have a common contact with you that are interested in exchanging SATs for cash, goods or services.