Guy Makes $20 a Month From Locking $5 Million Bitcoin on the Lightning Network | Crypto Craft

  • Guy Makes $20 a Month From Locking $5 Million Bitcoin on the Lightning Network

    From trustnodes.com

    Some person or group that goes by the name of LNBIG and runs close to half of the entire Lightning Network (LN) has stated he makes less than a dollar a day for the privilege of locking millions worth of bitcoins. “I have 200-300 transactions through all nodes a day, rarely 600. On commissions, I earn 5,000-10,000 sats per day. It’s $0.4-$0.8. It’s $20 [a] month maximum,” he said. He is incurring losses for the service he provides, not just in locked liquidity, but in having to pay far higher on-chain fees than what he charges for LN transactions/liquidity, so stating: “Opening of the channels ... (full story)

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Hasher
Aug 20, 2019 2:30pm
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Seems like it needs to hit a sweet spot to be enticing to users and beneficial to those running the nodes. The idea of a private LN setup between trusted parties sounds good to me, the public ones less so until it can really prove itself.
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