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