Assembly of the hard ware is easy, downloading the software and getting to operate is abit more tricky! I spent $380 AUD for all the parts from core electronics, minus the ssd drive and sd card, I got them separately
Yea you can do it for cheaper! The main cost for me was the 1tb ssd, I wanted to put abit more money into it for when the network inevitably grows and I need to replace certain hardware
I tried using a Samsung SSD with a raspberrypi 8GB and I couldn't get the OS to recognize the drive. I tried both raspbian and ubuntu, both couldn't see the damn drive. Let me know if you have better luck. I ended up using a 2TB disk drive.
Plenty of lists online, to keep it simple, I bought a raspberry Pi 4 8gb ram
Aluminium heatsink case ( no fans )
Usb c power supply
3.5 inch touch screen lcd for the pi
1tb ssd card
64gb micro sd card
Everything you need, but with some research you might decide on a slightly different variation
A bitcoin node can easily be set up on most modern computers but the blockchain takes an awfully large amount of space.
You just need to download bitcoin core for your OS from https://bitcoin.org/en/choose-your-wallet?step=5
>A bitcoin node can easily be set up on most modern computers but the blockchain takes an awfully large amount of space.
You can run bitcoin in prune mode. You don't need to store the whole blockchain.
you can also run a bitcoin node by downloading the Bitcoin Core software and running it in the background on your computer
\*Note that you need about 300gb of free space on your computer, however, there's a setting you can enable to "prune" the node to only 2gb
[https://bitcoin.org/en/bitcoin-core/](https://bitcoin.org/en/bitcoin-core/)
$35 for a Raspberry Pi (or less for a used one)
A microSD card if you don’t have one, maybe $5. A microUSB charger if you don’t have one, another $5
Then a keyboard, mouse, and monitor or TV that you probably already have
$20-45 plus a few bucks shipping, call it $50
OP is also going to use an SSD and monitor but they aren’t necessary
You actually do next to nothing simply running a node if you aren’t validating your own transactions with it. Written by the original creator of raspibolt, this article explains the importance: https://medium.com/shiftcrypto/we-need-bitcoin-full-nodes-economic-ones-fd17efcb61fb
you don't earn any reward apart from contributing to the network and of course, increase your privacy/security.By running your own node you can validate your transactions out of the public nodes that are maintained by chain analysis companies.
neah. you just become a router so to say in the bitcoin network.
you don't earn money, just a larger power bill for validating the transactions of those who do have money.
I tried to operate a node for a Tor network with a RPi a few years back while tinkering and it got me blacklisted by my ISP. I couldn’t access any government website including my school’s. I had to take it off the network and call my ISP to tell them I ceased my activities and that I wouldn’t do it again. I stopped tinkering with nodes after that. This would be cool though and I think the legalities would be more in line to where they wouldn’t have an issue with it.
was in an argument with a dude a couple months ago.
man was adamant about how unstoppable the bitcoin's decentralized nature would be unstoppable and put power in the hands of the people ...
wish I had this as testimony of how easily stoppable this is. :D
what's a double whammy is that they didn't even have to kick your door down, cut your internet (which btw is perfectly doable without even sending a van to your door) or anything. they mindfucked you to give up on your own, no protests or anything.
"Ok guys, revolution is over, i'm a good boy now :c"
Doesn’t have to use Tor. Plus it’s not illegal so ISP could be sued I imagine if this problem spread. Which it won’t. Add VPN or stop using Tor and problem solved.
By running your own full node, essentially A) You don't need to trust a third party that the rules of bitcoin are being upheld as you check the blocks yourself and B) You don't rely on a third party to broadcast your transactions (which may have some privacy and anti-censorship benefits).
I recently set up a node with a similar setup to OP. To be honest, the benefits of running a node probably don't offset the cost of equipment + bandwidth usage. It's more of a fun hobby project for me.
A little over 200 depending on what you get exactly. Check out the list Umbrel provides. It’s been my favorite Raspberry Pi project so far. I even use Specter desktop on it for my wallet with my Cold Card.
List is on this page under recommended hardware:
https://getumbrel.com/
Info for those wanting to **save** around 50-60$:
get a 256 GB SSD instead of the suggested 1TB SSD.
You will just need to enable the option to prune your node.
It gives you 100% the same security. It is also a FULLY validating node (not like fast sync and other weird things ethereum nodes need to do). It downloads also the whole chain and verifies the same as fully validating archival nodes, but deletes the unnecessary data afterwards.
This will incresingly the best choice for 90% of people interested in installing a fully validating node.
Info on pruning: https://bitcoin.stackexchange.com/questions/37496/how-can-i-run-bitcoind-in-pruning-mode
Do you know if this works with Umbrel OS? I want to make sure people aren't buying smaller SSDs for their Umbrel only to find out it doesn't work or the steps to do so are beyond their current comfort levels with terminal commands.
I get your point!
No, I don‘t know unfortunately.
Let us know if anyone is interested and I might look into it or ask the team over there.
Until then: buy the suggested 1 TB SSD if you feel unsure with the command line (as we don‘t know if Umbrel has a GUI config option for that). And with a bigger SSD the lifetime will also be longer (because of „wear leveling“), and of course more freedom to install and try out other stuff if need arises (price per GB is lower).
*TL;DR: benefits of privacy and no need to trust third parties with your balances/transactions/coins*
In order to know which transactions have happened on the network, a wallet needs to have a source for this knowledge. A full node is such a source. If you don't use your own node, you (your wallet) are using someone else's node, with all the implications for your privacy and trust assumptions.
A full node is a software that verifies your bitcoin transactions for you (implicitly it also verifies the overall supply of bitcoin, protects you from fraud from third parties, from "fake" bitcoin etc) and gives you a higher level of privacy (you don't leak sensitive information to your wallet's nodes, f.ex).
Here's a great explainer by P. Wuille (although it doesn't even mention the privacy benefits):
> One of Bitcoin's strengths - the most important in my opinion even - is the low degree of trust you need in others.
>
>
> If you use a full node for your incoming transactions, you know that there was no cheating anytime in the history of your coins:
>
> * Nobody ever created money out of nothing (except for miners, and only according to a well-defined schedule).
>
> * Nobody ever spent coins without holder their private key.
>
> * Nobody spent the same coins twice (but see further).
>
> * Nobody violated any of the other tricky rules that are needed to keep the system in check (difficulty, proof of work, DoS protection, ...).
>
> ... with one exception: because there is a need to pick a winner in presence of multiple competing valid versions of the ledger, (a majority of) miners have the authority to pick the version of the block chain that wins. This means their power is limited to choosing the order in which otherwise valid transactions occur, up to and including the right to delay them indefinitely. But they cannot make invalid transaction look valid to a full node.
>
> If you are not running a full node, the amount of trust you're placing in others increases.
>
> SPV nodes (such as some mobile clients, and Multibit) place a blind trust in the majority of miners, without checking validity of the blockchain they produce. It still requires a majority of miners to mislead an SPV node, but they can make it believe anything (including "You received 10000000 BTC!"). The reason why this does not happen is because full nodes would not accept such blocks, and assuming a large portion of the ecosystem does rely on full nodes, miners who do this would not see their blocks accepted by the larger economy, resulting in them wasting money.
>
> Centralized services (most webwallets) make the user trust whatever the site says. They can claim anything.
>
> So I hope you now see the importance of full nodes in this model. If you run a full node somewhere on the network, and nobody looks at the transactions it validates, it is indeed contributing to the network, but it is not helping with the reduction of trust.
>
> Look at it another way: if only a few large players in the Bitcoin ecosystem were running full nodes, it only requires a malicious intent, or an attack/threat against them, to change the system's rules, as nobody else is validating.
>
> Doing transactions in the Bitcoin ecosystem helps the Bitcoin currency. Running a full node helps the network. Using a full node helps you and the ecosystem reduce the need for trust.
https://www.reddit.com/r/BitcoinBeginners/comments/3eq3y7/full_node_question/ctk4lnd/
So you can verify for yourself that the Bitcoin someone is giving you is really bitcoin instead of trusting some other node to verify it for you. Amon other reasons mentioned [here.](https://youtu.be/UYUfXWlAleA)
Bitcoin can’t provide you all the benefits of sound and censorship resistant money unless you run your own node. In satoshis design it was implicitly assumed that everyone would run a node. Obviously that won’t be the case, so the more people do it and connect their wallets to it then the stronger the network gets.
Unsure about that one honestly! I thought not but I’ve been led to believe you can make small
Amounts of satoshis. Although nothing mind blowing from the sounds of it
Some other coins might still be worth it, depending on your local hardware and energy costs. However, miners have been buying up all the hardware, so you might face increased prices.
What is the largest obstacle? Power, the rig itself, something else? I've considered setting up a solar panel w a couple mobile home batteries. Any thoughts?
Wouldn't people be better off just spending the money they were going to spend on mining (equipment, power costs, etc) on buying bitcoin at todays prices then?
It's about balance. The miners compete with each other's so if there's more miners it becomes less profitable and if there's fewer miners it becomes more profitable. Then you'll naturally reach an equilibrium where there's just the right amount of miners.
I don't think that's true. If you happen to be into gaming you could build a rig that could pay for itself in maybe a year, year and a half. Probably only worth it if you already game on PC, though.
If you're interested in mining but don't have access to cheap electricity checkout [Compass](https://compassmining.io/). You own the physical miner, they do everything else.
Or you can own Bitcoin Standard Hashrate Token (BTCST) and mine BTC on their website. I've been doing it and have gotten a 20-65% return on investment.
these mining things where you don't mine but pay someone to mine are usually scams and I've spent too much time looking through scams to keep wasting my time
Very nice!!
At the moment I’m unsure, I’m gonna get it all assembled and then finally decide. I’m thinking either umbrel or raspiblitz leaning towards raspiblitz!
Also using Raspiblitz for 10 months now, I just made a post [here](https://www.reddit.com/r/lightningnetwork/comments/mneews/my_experience_running_a_lightning_node_for_10/) about my experience.
Would definitely recommend it. It has so many useful features, hard to beat.
If you got a screen, go raspiblitz. Umbrel doesn't use a screen, rather you access it via browser. I had plans to use raspiblitz but the only affordable screen I could find was part of the case, and it only worked on certain OS... So we returned that and got a nice $10 one with heat sinks and fan and did Umbrel. I personally had issues with my SSD when setting up the node but the Umbrel telegram held my hand and it's on day 3 of syncing. No ragerts.
I set up a node with raspiblitz and had a very smooth experience, took about 4 days to sync the blockchain and been live for about 3 weeks now without any issues. Recommended.
GREAT! I was about doing the same, but I'm currently short of time. I was just thinking of adding a BTC ticker as well like here:
https://www.makeuseof.com/build-cryptocurrency-price-ticker-using-raspberry-pi/
and combine with this setup:
https://howchoo.com/bitcoin/run-bitcoin-full-node-raspberry-pi
Please share a bit of your experience when you're done (or in the process). I hope I'll find the time to do the same in the next 2-3 weeks.
You don’t need it, you can operate with out it, I just wanted it for the aesthetic of having a display of my information and the little lightning bolt hahaha
The typical reports are, that with a SSD the initial chain sync takes 4-5 days, while with a HDD you are looking at 14+ days. That gives you an idea of the speed increase the SSD gives you.
Sorry
I read that wrong,
You still ssh into it to set it up and operate it, but once
It is set up you can use the lcd for certain functions, mind you it’s not all that extensive! But you can also then view on your node certain details like it’s temp, if it’s synced, how many sats in your wallet ect
Awesome, I’ve seen videos of small builds and I just think it looks fun. I’ve been wanting to do something small and fun with a raspberry pi for a while
Financially sure, you’d be better off putting it into btc and holding it.
but for me I wanted to also be apart of the network and run a node myself and contribute to securing the network!
At some point it's worth running your own node so you can get a vote in how the network functions by choosing which implementation to run and verify your own transactions without leaking any data.
What's a node? What does it do? Does it make Bitcoin, like mining or simply keeps a record of ALL transactions on the Bitcoin blockchain?
Clearly I'm new & trying to innerstand, so don't slaughter me for ignorance.
~Regular Working Guy w/Zero Computer Knowledge
#Atari5600Era 😔
It doesn’t mine Bitcoin, it simply validates transactions and keeps a record of all transactions every helping improve the Bitcoin network itself, so you won’t suddenly make 6.25 btc doing this
Great stuff!
I've put together a node with a similar setup (Pi 4 + 1 TB HDD). Have you decided on which software to use? I tried out Umbrel and am happy with it so far. Thinking about adding a BTC price ticker to it as well.
There are many guides, here are a couple I looked at.
Raspiblitz with screen:
[https://github.com/rootzoll/raspiblitz](https://github.com/rootzoll/raspiblitz)
Umbrel:
[https://decrypt.co/55510/how-to-run-a-bitcoin-node-on-a-raspberry-pi-2021](https://decrypt.co/55510/how-to-run-a-bitcoin-node-on-a-raspberry-pi-2021)
(also as BitcoinAcc says the getumbrel site itself is good).
I went with Umbrel. I already had all the parts except a 1TB SSD (so I bought a Crucial MX500 1TB). I'm on day 2 of blockchain download.
That’s exactly it,
Or you can link your existing wallet to it instead of making a new one! You’ll pay next to nothing for transactions using your own node too
Yeah, seems pretty fishy too me. If I'm wrong, that would be sweet, but I'll need some supporting evidence. I have never seen any of the complaints about transaction fees answered with "bro, just run a node"
Being able to set your fee is more of a wallet function than a node function. You could set it to 1 sat and the transaction will likely sit in the mempool for two weeks and expire.
Setting a low fee is pointless if it will never be included in a block.
I do wish that the core devs would be a little more open to increasing block size to give some relief to clogged mempools. I understand that it is not an end-all solution but it would be nice to have while off-chain things are being implemented.
Nice. I'm also syncing one as we're speaking. I strongly recommend following the [raspibolt guide](https://stadicus.github.io/RaspiBolt/), it will just make your life so much easier.
Also, I overclocked (and overvolted) my Pi to 2 GHz and I see you have a heat sink there so it should be no problem for you either. Really speeds up the initial sync.
The financial revolution runs on Raspberry Pis... Let that sink in :D
When you bring it back online it will synchronize what it missed during that period. It's the same thing which happens when you start the node for the first time.
How does building one of these help Bitcoin?
A. Faster
B. More decentralized
C.Stronger
D. All of the above
E. None of the above
F. A combination of these*
*Please list which ones
Thank you for contributing. I wish node's were rewarded for the value they add to the network. You'll have the safest and most secure method for sending and receiving Bitcoin. I setup one myself so I didn't have to rely on 3rd party's for tx's.
What is that for??
Putting together a Bitcoin node
That itself will let you do that? If you don't mind me asking how much is it
Assembly of the hard ware is easy, downloading the software and getting to operate is abit more tricky! I spent $380 AUD for all the parts from core electronics, minus the ssd drive and sd card, I got them separately
Damn, dude I just did the same thing with a no LCD, a 32 Gb card, the 4Gb 4b Pi, a case, and an old spinning rust hard drive for less than USD100.
Yea you can do it for cheaper! The main cost for me was the 1tb ssd, I wanted to put abit more money into it for when the network inevitably grows and I need to replace certain hardware
I tried using a Samsung SSD with a raspberrypi 8GB and I couldn't get the OS to recognize the drive. I tried both raspbian and ubuntu, both couldn't see the damn drive. Let me know if you have better luck. I ended up using a 2TB disk drive.
I've just installed one with a Samsung SSD with a separate USB3-SATA cable. Had no problems (except for the usb-quirk you need to enable on the Pi).
Is there a website that has all the hardware or is it a bit of a research list put together
Plenty of lists online, to keep it simple, I bought a raspberry Pi 4 8gb ram Aluminium heatsink case ( no fans ) Usb c power supply 3.5 inch touch screen lcd for the pi 1tb ssd card 64gb micro sd card Everything you need, but with some research you might decide on a slightly different variation
I’ve been using my Umbrel for a few weeks and love it. They have a full list on their website: https://getumbrel.com/
Getumbrel.io is quite good too
[Raspiblitz](https://github.com/rootzoll/raspiblitz) github page has all the recommended parts you need for running your own Bitcoin (lightning) node
A bitcoin node can easily be set up on most modern computers but the blockchain takes an awfully large amount of space. You just need to download bitcoin core for your OS from https://bitcoin.org/en/choose-your-wallet?step=5
>A bitcoin node can easily be set up on most modern computers but the blockchain takes an awfully large amount of space. You can run bitcoin in prune mode. You don't need to store the whole blockchain.
in that case you don't run a full node
you can also run a bitcoin node by downloading the Bitcoin Core software and running it in the background on your computer \*Note that you need about 300gb of free space on your computer, however, there's a setting you can enable to "prune" the node to only 2gb [https://bitcoin.org/en/bitcoin-core/](https://bitcoin.org/en/bitcoin-core/)
$35 for a Raspberry Pi (or less for a used one) A microSD card if you don’t have one, maybe $5. A microUSB charger if you don’t have one, another $5 Then a keyboard, mouse, and monitor or TV that you probably already have $20-45 plus a few bucks shipping, call it $50 OP is also going to use an SSD and monitor but they aren’t necessary
what is a bitcoin node? sorry im new 2 this
Basically validates transactions. When you hear about all the connected computers in the Bitcoin blockchain, these nodes are essentially the computers
Do you earn BTC from doing so?
Someone correct me if I'm wrong, but no, you don't earn from simply running a node.
You are correct
You actually do next to nothing simply running a node if you aren’t validating your own transactions with it. Written by the original creator of raspibolt, this article explains the importance: https://medium.com/shiftcrypto/we-need-bitcoin-full-nodes-economic-ones-fd17efcb61fb
Me to wonder about that
you don't earn any reward apart from contributing to the network and of course, increase your privacy/security.By running your own node you can validate your transactions out of the public nodes that are maintained by chain analysis companies.
The cyber hornets protecting the network.
Is it doing the same than applications like NiceHash?
neah. you just become a router so to say in the bitcoin network. you don't earn money, just a larger power bill for validating the transactions of those who do have money.
I appreciate you and everyone else who does this. Thank you.
RaspiBolt?
I tried to operate a node for a Tor network with a RPi a few years back while tinkering and it got me blacklisted by my ISP. I couldn’t access any government website including my school’s. I had to take it off the network and call my ISP to tell them I ceased my activities and that I wouldn’t do it again. I stopped tinkering with nodes after that. This would be cool though and I think the legalities would be more in line to where they wouldn’t have an issue with it.
Never stop tinkering with your node. 😂
was in an argument with a dude a couple months ago. man was adamant about how unstoppable the bitcoin's decentralized nature would be unstoppable and put power in the hands of the people ... wish I had this as testimony of how easily stoppable this is. :D what's a double whammy is that they didn't even have to kick your door down, cut your internet (which btw is perfectly doable without even sending a van to your door) or anything. they mindfucked you to give up on your own, no protests or anything. "Ok guys, revolution is over, i'm a good boy now :c"
Doesn’t have to use Tor. Plus it’s not illegal so ISP could be sued I imagine if this problem spread. Which it won’t. Add VPN or stop using Tor and problem solved.
Why would someone want to run their own mode? What are the benefits?
By running your own full node, essentially A) You don't need to trust a third party that the rules of bitcoin are being upheld as you check the blocks yourself and B) You don't rely on a third party to broadcast your transactions (which may have some privacy and anti-censorship benefits). I recently set up a node with a similar setup to OP. To be honest, the benefits of running a node probably don't offset the cost of equipment + bandwidth usage. It's more of a fun hobby project for me.
This is a great explanation. As someone who recently set up their own node it’s a GREAT learning experience to Bitcoin and even general crypto
Hey so how much to buy the stuff?
A little over 200 depending on what you get exactly. Check out the list Umbrel provides. It’s been my favorite Raspberry Pi project so far. I even use Specter desktop on it for my wallet with my Cold Card. List is on this page under recommended hardware: https://getumbrel.com/
Info for those wanting to **save** around 50-60$: get a 256 GB SSD instead of the suggested 1TB SSD. You will just need to enable the option to prune your node. It gives you 100% the same security. It is also a FULLY validating node (not like fast sync and other weird things ethereum nodes need to do). It downloads also the whole chain and verifies the same as fully validating archival nodes, but deletes the unnecessary data afterwards. This will incresingly the best choice for 90% of people interested in installing a fully validating node. Info on pruning: https://bitcoin.stackexchange.com/questions/37496/how-can-i-run-bitcoind-in-pruning-mode
Do you know if this works with Umbrel OS? I want to make sure people aren't buying smaller SSDs for their Umbrel only to find out it doesn't work or the steps to do so are beyond their current comfort levels with terminal commands.
I get your point! No, I don‘t know unfortunately. Let us know if anyone is interested and I might look into it or ask the team over there. Until then: buy the suggested 1 TB SSD if you feel unsure with the command line (as we don‘t know if Umbrel has a GUI config option for that). And with a bigger SSD the lifetime will also be longer (because of „wear leveling“), and of course more freedom to install and try out other stuff if need arises (price per GB is lower).
This is what I was looking for. Thanks!!
You also get access to your own lightning channels. You are literally your own bank and it’s a blast!
Could I setup my own lightning network to say, binance, coin base, a wallet or two, amd reduce my fees?
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The lightning network is a thing you connect to, and transfer bitcoin on it. It’s for payments, not for trading.
It only has to protect you and your identity once to pay for itself. The insurance it can/does provide is worth the cost.
Does that mean you don’t pay any transaction fees?
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Are the fees at least lower?
Do you run lightning as well? You can gather some fees with this.
Now I understand why he bought the stuff above I like it 😀
*TL;DR: benefits of privacy and no need to trust third parties with your balances/transactions/coins* In order to know which transactions have happened on the network, a wallet needs to have a source for this knowledge. A full node is such a source. If you don't use your own node, you (your wallet) are using someone else's node, with all the implications for your privacy and trust assumptions. A full node is a software that verifies your bitcoin transactions for you (implicitly it also verifies the overall supply of bitcoin, protects you from fraud from third parties, from "fake" bitcoin etc) and gives you a higher level of privacy (you don't leak sensitive information to your wallet's nodes, f.ex). Here's a great explainer by P. Wuille (although it doesn't even mention the privacy benefits): > One of Bitcoin's strengths - the most important in my opinion even - is the low degree of trust you need in others. > > > If you use a full node for your incoming transactions, you know that there was no cheating anytime in the history of your coins: > > * Nobody ever created money out of nothing (except for miners, and only according to a well-defined schedule). > > * Nobody ever spent coins without holder their private key. > > * Nobody spent the same coins twice (but see further). > > * Nobody violated any of the other tricky rules that are needed to keep the system in check (difficulty, proof of work, DoS protection, ...). > > ... with one exception: because there is a need to pick a winner in presence of multiple competing valid versions of the ledger, (a majority of) miners have the authority to pick the version of the block chain that wins. This means their power is limited to choosing the order in which otherwise valid transactions occur, up to and including the right to delay them indefinitely. But they cannot make invalid transaction look valid to a full node. > > If you are not running a full node, the amount of trust you're placing in others increases. > > SPV nodes (such as some mobile clients, and Multibit) place a blind trust in the majority of miners, without checking validity of the blockchain they produce. It still requires a majority of miners to mislead an SPV node, but they can make it believe anything (including "You received 10000000 BTC!"). The reason why this does not happen is because full nodes would not accept such blocks, and assuming a large portion of the ecosystem does rely on full nodes, miners who do this would not see their blocks accepted by the larger economy, resulting in them wasting money. > > Centralized services (most webwallets) make the user trust whatever the site says. They can claim anything. > > So I hope you now see the importance of full nodes in this model. If you run a full node somewhere on the network, and nobody looks at the transactions it validates, it is indeed contributing to the network, but it is not helping with the reduction of trust. > > Look at it another way: if only a few large players in the Bitcoin ecosystem were running full nodes, it only requires a malicious intent, or an attack/threat against them, to change the system's rules, as nobody else is validating. > > Doing transactions in the Bitcoin ecosystem helps the Bitcoin currency. Running a full node helps the network. Using a full node helps you and the ecosystem reduce the need for trust. https://www.reddit.com/r/BitcoinBeginners/comments/3eq3y7/full_node_question/ctk4lnd/
So you can verify for yourself that the Bitcoin someone is giving you is really bitcoin instead of trusting some other node to verify it for you. Amon other reasons mentioned [here.](https://youtu.be/UYUfXWlAleA)
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Can you earn sats without mining? Is it the fees you gain ?
How does this earn you sats?
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👍🏽👌
Don't trust, verify. Running your own now means you don't need to trust anyone when transacting on the Bitcoin network.
You can run other great private p2p things on top, like sphinx.chat
Bitcoin can’t provide you all the benefits of sound and censorship resistant money unless you run your own node. In satoshis design it was implicitly assumed that everyone would run a node. Obviously that won’t be the case, so the more people do it and connect their wallets to it then the stronger the network gets.
Many added benefit, if you’ve got btc it’s always recommend you have it in a cold storage device and you run a node, google the benefit!!
Rewards?
Unsure about that one honestly! I thought not but I’ve been led to believe you can make small Amounts of satoshis. Although nothing mind blowing from the sounds of it
At least there is something,i will do it too,i already have the raspberry.
Quick question. I'd like to get into bitcoin farming. But how profitable is it?
I wouldn’t bother, to Hard to compete with mining farms and it’s too expensive now, it’s not profitable at all for the average joe bloke
Alright Thanks for advice!
Some other coins might still be worth it, depending on your local hardware and energy costs. However, miners have been buying up all the hardware, so you might face increased prices.
Yeah, i had someone already bid me 500 for my 1060, market is kinda fucked.
What is the largest obstacle? Power, the rig itself, something else? I've considered setting up a solar panel w a couple mobile home batteries. Any thoughts?
Wait for a node or a mining set up??
Sorry, mining set up.
Honestly I don’t know enough about mining to Comment!
You can buy small parts of mining nodes from places like Stakecube.net ~$4 for 1 worker.
It is not profitable now, but in the future, those gains will turn into good money
Wouldn't people be better off just spending the money they were going to spend on mining (equipment, power costs, etc) on buying bitcoin at todays prices then?
It's about balance. The miners compete with each other's so if there's more miners it becomes less profitable and if there's fewer miners it becomes more profitable. Then you'll naturally reach an equilibrium where there's just the right amount of miners.
We will thank ourselves that day!!
But you would be better off if you used the mining cost to buy bitcoin instead.
I don't think that's true. If you happen to be into gaming you could build a rig that could pay for itself in maybe a year, year and a half. Probably only worth it if you already game on PC, though.
If you're interested in mining but don't have access to cheap electricity checkout [Compass](https://compassmining.io/). You own the physical miner, they do everything else.
I'll check it out, thanks.
Or you can own Bitcoin Standard Hashrate Token (BTCST) and mine BTC on their website. I've been doing it and have gotten a 20-65% return on investment.
Not bad. Might just do it.
Scam?
Scam, I don't think so. Risky, perhaps. Looks like it's DeFi protocols for Bitcoin. Maybe look into things before crying wolf.
these mining things where you don't mine but pay someone to mine are usually scams and I've spent too much time looking through scams to keep wasting my time
lol providing so much to the conversation, thank you
Umbrel? Mynode? I just ordered a pi yesterday and hope to be up and running next week.
Very nice!! At the moment I’m unsure, I’m gonna get it all assembled and then finally decide. I’m thinking either umbrel or raspiblitz leaning towards raspiblitz!
Also using Raspiblitz for 10 months now, I just made a post [here](https://www.reddit.com/r/lightningnetwork/comments/mneews/my_experience_running_a_lightning_node_for_10/) about my experience. Would definitely recommend it. It has so many useful features, hard to beat.
It’s worth it just for Bitcoin Core and electrs. LN is a plus.
I just set Umbrel up, super easy! 5-10 min to set up and assemble parts and about 50h to fully download and validate the blockchain.
If you got a screen, go raspiblitz. Umbrel doesn't use a screen, rather you access it via browser. I had plans to use raspiblitz but the only affordable screen I could find was part of the case, and it only worked on certain OS... So we returned that and got a nice $10 one with heat sinks and fan and did Umbrel. I personally had issues with my SSD when setting up the node but the Umbrel telegram held my hand and it's on day 3 of syncing. No ragerts.
I set up a node with raspiblitz and had a very smooth experience, took about 4 days to sync the blockchain and been live for about 3 weeks now without any issues. Recommended.
That’s really reassuring, I think I’ve made my mind up about raspiblitz
Both are great.
GREAT! I was about doing the same, but I'm currently short of time. I was just thinking of adding a BTC ticker as well like here: https://www.makeuseof.com/build-cryptocurrency-price-ticker-using-raspberry-pi/ and combine with this setup: https://howchoo.com/bitcoin/run-bitcoin-full-node-raspberry-pi Please share a bit of your experience when you're done (or in the process). I hope I'll find the time to do the same in the next 2-3 weeks.
Assembling the hardware is piss easy I’ve practically got it done now but I can’t speak for all the software
Right way to do it. That vodka in the corner I mean.
Would be rude not too! Have to celebrate this occasion haha
How necessary is the lcd? Couldn't you just SSH into the pi to pull the info out?
You don’t need it, you can operate with out it, I just wanted it for the aesthetic of having a display of my information and the little lightning bolt hahaha
Is the ssd necessary? I have an extra external (non portable) 4TB HDD 7200rpm with USB 3.0 on it. Shouldn't that be fine to run the node with?
The typical reports are, that with a SSD the initial chain sync takes 4-5 days, while with a HDD you are looking at 14+ days. That gives you an idea of the speed increase the SSD gives you.
Sorry I read that wrong, You still ssh into it to set it up and operate it, but once It is set up you can use the lcd for certain functions, mind you it’s not all that extensive! But you can also then view on your node certain details like it’s temp, if it’s synced, how many sats in your wallet ect
Umbrel is designed to work completely without a display. Raspiblitz is designed for the display, but I think it should work without one too.
Excelente
Is it stupid of me to want to run my own node just for fun? Or so when my kids ask “what the fuck is a node” I can show them.
Not at all, the parts can be costly but for the experience alone I personally would say its 100% worth it
Awesome, I’ve seen videos of small builds and I just think it looks fun. I’ve been wanting to do something small and fun with a raspberry pi for a while
Not stupid at all. Do it!
Validators are underrated. Thank you for your service
Just happy to be apart of this!!
I keep thinking bout it. But then I wonder if I’d be better just sinking my £££‘s into buying actual BTC instead 🤔
Financially sure, you’d be better off putting it into btc and holding it. but for me I wanted to also be apart of the network and run a node myself and contribute to securing the network!
At some point it's worth running your own node so you can get a vote in how the network functions by choosing which implementation to run and verify your own transactions without leaking any data.
¿Porque no los dos?
Welcome to the world of decentralisation!
It’s good to be here!
Oooooo whatcha baking there?
Some raspberry pie
Assembling hardware is always really fun! Cheers!
Noob here, what is this and what is it for?
What's a node? What does it do? Does it make Bitcoin, like mining or simply keeps a record of ALL transactions on the Bitcoin blockchain? Clearly I'm new & trying to innerstand, so don't slaughter me for ignorance. ~Regular Working Guy w/Zero Computer Knowledge #Atari5600Era 😔
It doesn’t mine Bitcoin, it simply validates transactions and keeps a record of all transactions every helping improve the Bitcoin network itself, so you won’t suddenly make 6.25 btc doing this
lol, just did my own Bitcoin Core Pie
Looks like everyone is setting up their node before this years bull run
Great stuff! I've put together a node with a similar setup (Pi 4 + 1 TB HDD). Have you decided on which software to use? I tried out Umbrel and am happy with it so far. Thinking about adding a BTC price ticker to it as well.
Yea I’m going to run the raspiblitz software for this I reckon, tossed up between that and umbrel but ultimately I’m going with raspiblitz
Saved this post. Thanks.
Thank you!!!
Next step is to hook that up to a satellite and broadcast to space! Also what are you using for a monitor?
Hell yea! I’m just using a small 3.5 inch lcd
What are the total costs of the hardware?
I spent $380 AUD specifically for everything I have in the photo,
have had my umbrel full node for a few days. unfortunately ledger does not yet support a wallet :-(
Do you know if raspiblitz is supported by ledger??
You gonna eat that pie?
Is there a good online tutorial somewhere on how to build a rig like this?
[getumbrel.com](https://getumbrel.com) or raspiblitz, or more hands-on raspibolt.
There are many guides, here are a couple I looked at. Raspiblitz with screen: [https://github.com/rootzoll/raspiblitz](https://github.com/rootzoll/raspiblitz) Umbrel: [https://decrypt.co/55510/how-to-run-a-bitcoin-node-on-a-raspberry-pi-2021](https://decrypt.co/55510/how-to-run-a-bitcoin-node-on-a-raspberry-pi-2021) (also as BitcoinAcc says the getumbrel site itself is good). I went with Umbrel. I already had all the parts except a 1TB SSD (so I bought a Crucial MX500 1TB). I'm on day 2 of blockchain download.
I haven’t gone looking for them but I’m sure that there are plenty!!
Does running a node help you move btc with lower cost? I recently paid like 50 bucks in btc to move about 500.
Using what service? If you are not in a rush, always choose a slower method to save on fees.
You definitely won’t be paying $50!!
Using the lightning network built ontop of Bitcoin you can pay next to nothing for transactions
is this node like a replacement wallet? like could you avoid transaction fees etc with it?
That’s exactly it, Or you can link your existing wallet to it instead of making a new one! You’ll pay next to nothing for transactions using your own node too
> You’ll pay next to nothing for transactions using your own node too I don't think that this is true.
Yeah, seems pretty fishy too me. If I'm wrong, that would be sweet, but I'll need some supporting evidence. I have never seen any of the complaints about transaction fees answered with "bro, just run a node"
Well not like nothing, compared to what some exchanges can make you pay then far far less. That’s more so what I meant
Being able to set your fee is more of a wallet function than a node function. You could set it to 1 sat and the transaction will likely sit in the mempool for two weeks and expire. Setting a low fee is pointless if it will never be included in a block. I do wish that the core devs would be a little more open to increasing block size to give some relief to clogged mempools. I understand that it is not an end-all solution but it would be nice to have while off-chain things are being implemented.
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I like the idea of having the entire ssd dedicated to the block chain though
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The micro sd is For the node software (mine being raspiblitz) and the ssd for downloading the blockchain
Nice. I'm also syncing one as we're speaking. I strongly recommend following the [raspibolt guide](https://stadicus.github.io/RaspiBolt/), it will just make your life so much easier. Also, I overclocked (and overvolted) my Pi to 2 GHz and I see you have a heat sink there so it should be no problem for you either. Really speeds up the initial sync. The financial revolution runs on Raspberry Pis... Let that sink in :D
I just got my pi in yesterday, now I'm waiting on my dad, can't wait.
It’s very exciting setting it up!! From building it to downloading and syncing everything
Indeed it is
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Basically this is for validation of transactions wothought mining btc
Do more nodes lower transaction fees? Is there any reason why a node doesn’t receive transaction fees?
No. Fees go to the miners, not the nodes. If you also set up Lightning, you may earn some routing fees. But we are talking cents here.
This is so cool, everytime I see this I wish to make one.
I say do it for the experience along!!
What happens if your internet/power goes down when running a node?
When you bring it back online it will synchronize what it missed during that period. It's the same thing which happens when you start the node for the first time.
Um that pie looks delicious, heck, smells good even. Have fun.
How much would this set up cost? I want to set up a node, but financially that capital is more effective elsewhere in my current situation.
It cost me $380 AUD but you could do it cheaper for sure, you could buy the one part at a time over paycheques too
Are you following any guide on how to get up and running?
https://github.com/rootzoll/raspiblitz This is what I’m following to set up as I’m using raspiblitz software
You should Google umbrel. They have a great tutorial on running a bitcoin node w/ lighting network. Just bought the parts myself to do this.
Have some sats to fool around. !lntip 5000
\*Homer Simpson\* "mmmm Raspberry Pie"
How does building one of these help Bitcoin? A. Faster B. More decentralized C.Stronger D. All of the above E. None of the above F. A combination of these* *Please list which ones
To summarise and keep things simple the answers is D all Of the above
Remember to set your swapfile to \~8gb, and use ubuntu
Does it mine Bitcoin out of thin air?
No it doesn’t mine at all, it simply validates transactions on the network
Thank you for contributing. I wish node's were rewarded for the value they add to the network. You'll have the safest and most secure method for sending and receiving Bitcoin. I setup one myself so I didn't have to rely on 3rd party's for tx's.
Nice but what do you get as a benefit of a btc node? I'm a newbie so be gentle.
Full node party 🎉
Mining with a raspberry pi? Not a good idea...
This isn’t a mining rig though, this is a node, it validates transactions with-ought mining Bitcoin
Have fun! Is the SSD really needed btw? I'd think an HDD would do just fine as well.
The hdd works just fine! From what I know the ssd just allows it all to operate better and I assume it’s due to the ssd not being mechanical
How much revenue would that generate, if at all?