🟧 Why You (Yes, You) Should Be Running a Bitcoin Node

[@Picsio64]

Excellent video. All vids on KZbin should be like this. Clear, well scripted and delivered in an enthusiastic yet truthful manner. I will be setting up my own full node as soon as I get a Roundtoit which should arrive in early 2022.

[@lorraineanderson5679]

Updates please!

[@idotrading3535]

Agreed

[@Picsio64]

@@idotrading3535 Sadly my roundtoit never arrived. Two years have passed and I still haven't set up my node. This is a good reminder to move it up a few notches on the listofthingstodo.

[@davidkeill]

This is by far the best video I have seen on BTC nodes. Well done and thank you. I learned a lot.

[@CosmicHerbivore]

💯

[@TheCablebill]

Something odd about quoting Warren Buffet to give advice about using Bitcoin.🤔

[@adolforangel1045]

Great video! I came here looking for a good explanation between nodes and miners. And yours were simple and understandable. Thanks.

[@Bitcoinftm]

You're very welcome!

[@MelonadeFX]

Made your absolutely flawless in talking, great quality video.

[@joejimbo9907]

Miners are not solving complex problems. They are hashing the same thing over and over again and adding a random number to the block to hopefully get the correct hash to close the block. These are the steps 1. Hash the block 2 check result if correct done if not try another random number and repeat. That is the whole process.

[@kevinjackson4933]

Today I am just learning what a node really does and its importance, but I love and support bitcoin so much that I already feel an obligation to run one! I discovered this channel while looking for more node info... definitely subbing based on the quality.

[@yohan9747]

Very impressive video. the presenter is very well articulated, clear and concise. And the positive body language is a plus! I want to run a full node and I hope your channel will help. SUBSCRIBED!

[@PhilipRhoadesP]

Really nice summary! - Well done! I am just getting going with Lightning in a Box but am getting excited about it all!

[@Bitcoinftm]

Have fun!

[@lowack]

Great video, thanks. The only anonymous money is CASH, BTC is pseudonymous!

[@NerdThingsAndMore]

I only run nodes if I'm compensated with crypto.

[@piratanet123]

you just earned a new subscriber, keep up the good work.

[@garrettmcdaniel1207]

Great stuff bub! Thanks very much, first I was interested in making some extra cash but after learning more about how nodes work and help keep the gov out of it that’s now my main incentive!

[@Bitcoinftm]

YES! But also, you can earn some extra cash. Check out my latest video: jonathanalevi.com/nodeprofitability

[@ADSaaron]

15:46

[@raulrodriguez558]

Thank you Jonathan! I ordered mine from "The Bitcoin Machine". Looking forward to learning much more from you.

[@lynchian275]

Loved it. Smashed the Like button, subscribed and turned on the notification bell. Keep rocking, Bro.

[@Bitcoinftm]

You rock!

[@reflexxzsky5566]

It's 100% fully trackable. Just a heads up.

[@btccricket14]

Hopefully the NSA isnt running a massive server structure designated for TOR entry/exit portals.

[@leomaicelo7198]

Dude your channel will help millions of people very soon

[@Bitcoinftm]

Thanks man! Working on building it up for sure. Any requests??

[@azrielskyz83]

Well done! Super helpful video thank you sir!

[@CoolWhipp-hy1qu]

You can always generate new receiving addresses if you don’t have a node. That will mask your ip

[@calmflow7]

Thank you!! Very helpful! Looking forward to watching more of your videos!

[@gloriousbastard64200]

Thank you

[@paralellosll3849]

If running a Bitcoin node costs effectively nothing, why are there such large fees and where do these fees come from; how are they established?

[@ihtiyorhasanov4972]

Miners are smart students, nodes are teachers that verify with ready answers, clearly explained. Thank you. Are there any alternative gateways besides umbrel?

[@Bitcoinftm]

Try runcitadel.space. I have a video explainer coming out about it soon.

[@tonebaxter]

15:45 Should’ve been a 2-3 min video… Ty

[@elmersixco2015]

This needs more views!

[@Bitcoinftm]

Share it around, please!!!

[@alexon2010]

A lot of show the video, even though I don't understand English, using a translator, a sensational video, What I see as interesting is being able to somehow have the possibility of receiving fees made by the network

[@takeyoshix]

Of course a full-node ... but, the tor-network is a "delay" can pose problems for someone who needs near-realtime updates...

[@leveractiongypsy1848]

One tricky thing for me to understand is bitcoin fees for sending BTC from the full node (original BTC wallet) wallet....is there a way to know how low can you go with transaction fees and have it confirm? I did have one transaction not confirm once as I set the fee too low so I increased it and it went through. Is there a way to know based on the current market value what the minimum fee should be? Maybe you could do a video 'demystifying' BTC fees....even when I read or watch videos about it, the people making the vids or articles seem like they are still not 100% clear on it all...

[@Dilandau88]

Thank you for making this video, it was extremely helpful and informative.

[@ralcool5932]

ITs always talked about how Pi node is low power use, and other than the initial full blockchain download, what would I expect daily data use to be?, how long to resync if I go offline for a hour/day at say 20Mb/sec average internet speed.

[@bradcondon7896]

thank you! very informative video

[@levelupmonkey3488]

Quality. Thanks !

[@Bitcoinftm]

You're welcome!

[@PaulvanOsss]

Ohh, great video. Optimism that even i can understand the confusing details of the blockchain.

[@_s_a_]

very good content

[@Bitcoinftm]

Thank you!

[@animaniaco6080]

Very good material! Thanks for sharing! I think this is very good content for everybody!

[@kevinvargas4308]

One of the best videos I've seen

[@n.mat.4313]

Great video, thank you so much. I have a question (if you read comments): What do you mean exactly by "the full transaction history"? Is that all the previous transfers that lead to one particular transaction? How does that appear on the blockchain? How can one "trace" one given transaction through time on the blockchain?

[@leinaissance]

The full transaction history IS the blockchain itself. The blockchain keeps every single transaction from the genesis block the first block mined by satoshi himself. Everything is recorded there, the address, amount, time, etc.

[@paulishism]

Don't trust, verify is a great phrase. I hope Layer 2 keeps that.

[@freemoneynetwork]

It has to or it doesn't function.

[@dillonmaggiano5415]

Do you have a video showing how to use the stuff recommendeded in your kit to set up a node? Like a step by step tutorial?

[@Bitcoinftm]

BTC Sessions has one :)

[@tonyboxe89]

Hi, anyone has idea how much cost the mantainance of the full node por month and what is the internet bandwidth required for an good operative node? thanks guys

[@Swandivein]

I’ve come a long way from holding shitcoins to now Bitcoin only and running a node!

[@AnthonyWatts]

I'd love to see you do a guide for noobs like me about earning sats by running a node. Still can't wrap my head around it, or figure out how to track earnings.

[@Bitcoinftm]

New video coming within a week on how I choose channels ;) For tracking earnings? Thunderhub!

[@Bitcoinftm]

Have you seen jle.vi/lightningtools ?

[@AnthonyWatts]

@@Bitcoinftm I will take a look, thanks.

[@adoptedbybitcoin]

Subscribed! Keep up the great work Jonathan

[@AdityaSawdekar]

Very well presented and explained Jonathan. Thanks a lot

[@Bitcoinftm]

Thanks!

[@dangeles95]

Wow great presentation. I was on the fence about running a node. Yes I do t fully understand it, but I do understand the basics. I’ll start there and add more stuff as I learn

[@Bitcoinftm]

that's awesome, I'm really really glad

[@benfranklinskite5975]

I'll start baking a Pi tonight.

[@Frodofinds]

wow. thank you for sharing.

[@dlukton]

15:30: going after crypto wallet providers. Yes; that could be what Ledger's new "service" is about.

[@NatureSoundsWithSongbirds]

Great video. I really enjoyed it. However is the message still the same 3 years after you initially posted it? I’d like to set up a node but wonder if things have changed and become more difficult?

[@DogHonest]

Please make more videos :)

[@Bitcoinftm]

Happy to! What topics?

[@DogHonest]

@@Bitcoinftm I want to know the safest and easiest way to start a custodial wallet, the absolute safest way to DEFI, how to make money with a lightning node. I am a medical student so I would also know how to make a new node for super cheap with like rasperry pi 🥰

[@DogHonest]

@@Bitcoinftm if ledger nano is safe and how to use it.

[@BTC_Rocketship]

Great stuff man! Thanks for the good info

[@AmadeuShinChan]

is that useful for someone lacking a router though?

[@EricTanHold]

Hi, If I want to support the Bitcoin network, I must allow inbound connections, right?

[@bobshagit9503]

yes so they use your resources for free and you get nothing out of it sounds like a solid investment

[@Validoe]

Clutch video!! Thank you!!!

[@ezrakeeps]

I just found this channel.... Glad i have

[@paulrai4462]

Wow video 😄

[@tomg4260]

Great explanation, thank you! It is surprisingly difficult to find this type of information for beginners just trying to understand what a node is and if they should start the journey of doing this. I will subscribe, I hope you have more videos to help us start this process.

[@Bitcoinftm]

Let me know what your questions are, I'll record more content for you :)

[@tomg4260]

@@Bitcoinftm I'd like to see a video of what it is like running the node. What the software looks like, what looking at the transactions look like, and see a private transaction work. It wouldn't have to be a tutorial, but an overview just like this fantastic video was. A couple questions this video left me with is; I understand you can build the node, but does that hook to a computer so you can see and make transactions? What are all the things you can do with a working node? The video description says bitcoin node, and your talking about a lightning network node, what is the difference? Thanks again!

[@CE4JDM]

Does a Lightning node have to be run on a Raspberry Pi? I have a Beelink mini with 2TB of SSD's that I would prefer to use. But it has Windows 10.

[@Bitcoinftm]

If you can install Linux on it you can run a node on it!

[@rydmerlin]

Your kit url doesn’t work for me.

[@aslejordhoy9845]

Says user not found on kit

[@Bitcoinftm]

Sorry I accidentally created a duplicate account and then deleted. Now trying to get into my old account then I’ll update link.

[@aslejordhoy9845]

@@Bitcoinftm Still doesn't work :(

[@ElParacletoPodcast]

Great video. Are you talking about a lighting node, or a level I Bitcoin node. Thanks

[@Bitcoinftm]

Both :) I run both and have lots of tutorials on how to do them :)

[@ricky8alta]

just bought all hardware needed to run a full node. You're not a real bitcoiner until you run a full Bitcoin node.

[@Bitcoinftm]

Real talk.

[@suckmenuts321]

Sold!!

[@kvio3321]

Good stuff brother

[@joshuagilliam8742]

This was fantastic. First video but I have just subscribed. I’m very interested in a demo. Say taking $150-$250 to buy everything you need to set up a node. Going thru the process to download Tor. Set up an internal/external SSD and both showing popular node hosting services as well as showing how to set one up yourself using your guide and also resources for commands. I’m just dipping my toes into Nodes but I’ve heard the term tossed around for a while now and I’ve also always known that each coin is inherently valuable because it is technically real and physical in the sense that it’s decentralized and exists on multiple devices globally. I just always thought that was mining and the serves that exchanges have. Does this mean that large exchanges like Coinbase are running their own nodes?

[@derbetonmischer3324]

I got some old but still decent hardware flying around. An i7-4790K, 32GiB DDR3 (and a GTX 980, that is not really helpful in that case, though), etc. I guess I should be running some nodes of several networks on there, just to make the blockchain networks (not just Bitcoin and Lightning) I am interested in safer for myself AND everyone else.

[@jamess.2649]

Extremely knowledgeable thanks

[@everycoinprice3147]

Great video! Throughly researched

[@Bitcoinftm]

Glad it was helpful!

[@mattmannthree]

Great video man. Thanks

[@Ryan-xq3kl]

Running a lightning node is great!

[@sabertoothwallaby2937]

prove it

[@azundercoverghost5]

Hey man So how much do you make a month with running a bitcoin node ?

[@mrpaddingtonn]

love your videos

[@Oaxacaman71]

Very good vídeo. Can you make a video of how can connect a trezor to my own node in umbrel ecosystem

[@Bitcoinftm]

Trezor keeps delaying adding this functionality to suite. Probably coming in august and then yes I will do one :)

[@elmalek2007]

You are Perfect 👍👌👏

[@Alejandro_btc]

Great video, thank you.

[@sabertoothwallaby2937]

thanks king

[@justincabral1150]

What are these "complicated math problems," mining nodes are supposed to be solving? Aren't they just trying to brute force guess the input, given the 2,400 most recent transactions, that produces the correct output? If that's not true, explain to me my mistake.

[@gonzajd777]

you convenced me, beside im buildin and app and i need a wallet to make payments programatically and i could not find anyone sooo... lets start

[@sandymilne224]

It’s a complex thing to run a Lightning routing node. You can lose or gain dollars, opening and closing channels.

[@Bitcoinftm]

Wait for this week's video, I explain how much you can earn - or lose.

[@wielkopletw]

what if there will be a huge internet failure and nodes won't be able to sync between each other? for example nodes in EU are unable to sync with the nodes in the US

[@InAVanByTheRivr]

Then the least of your problems is BTC lol. The global internet goes down? Sure won't be able to use visa either 🤣

[@globalconnection617]

Great info, thanks

[@AlansInventions]

Great Video!

[@easternhair]

great info

[@Bitcoinftm]

Glad it was helpful!

[@andrewpoloni4197]

Excellent presentation! I see a Pi in my future.

[@ronatola]

Your FIAT job - haha, love it. Can I just run a node/lightning on a Windows laptop?

[@paultrevormcd]

If you use a Trezor one to hold your bitcoin does it make sense to run your own node? I assume both your node and trezor’s node would validate each transaction? And if you did set one up, what about the bitcoin already held on that cold storage wallet? I assume the new node would just validate that those transactions were performed on chain and IP would be more discrete moving forward? Thanks, just trying to learn!

[@lenocka1100]

All my BTC is in cold storage (Trezor)! Do I still need to run Nodes ? Is running nodes mean to download BTC ledger in my computer?

[@lenocka1100]

We use Trezor T model

[@grammarchy279]

"cheapy $100 RPi"... *checks price of RPi4 from a dozen different locations: $200

[@atomiccBTC]

Wow really great Video

[@Bitcoinftm]

Thank you very much!

[@John-qf2lv]

If using a Trezor One and you set up your own BTC Node does the Trezor One interact with your node directly?

[@AandN_diy]

usefull Thx....

[@Bitcoinftm]

You are welcome

[@haroldasraz]

Great introduction on the matter. Cheers.

[@Bitcoinftm]

Glad you liked it! Hope you'll run a node :)

[@Hoonnam81]

Great thank you !!

[@carlos19989]

Thank you, good video. I have one question about btc transaction's fees. When we do a transaction, we pay a fee. Who takes that fee? Yes, I know the miner who solve the problem mine the block and receive the 6.25 btc (nowadays), but these bitcoins are from the system, from the rest of 21 millions (and halving the reward etc blabla...) Where are all the transactions fees going to? Thank you.

[@dtarver]

My node is connected to my Google fiber router. I use Tor on my cellphone to access it and recently installed Tor on my iMac. Is there anything else I can do to make it more private & secure?

[@Bitcoinftm]

Yes, make sure you have all default passwords changed for things like ThunderHub. If you're running Umbrel, thunderhub uses the default password. Change that!

[@RyanMatta]

What’s up John. I just ordered a lightening node. Id love to invite you onto the show for an interview if you are interested please reach out to me on Twitter!

[@behargjoni1257]

Can please help me how to complete step by step on Windows 10

[@mikekasem]

awesome explanation

[@alexyonemura6894]

what are your thoughts on buying the node setup individually from amazon and following the set up steps from umbrel vs buying their new umbrel plug-n-play setup and cutting out all the set up and work of building a node? Thanks!

[@Bitcoinftm]

It’s literally 5 mins of plugging in cables and stuff, at least if you go with the “not one unit” option. A little more if you do a one box option. But still Easy. so I’d do it myself, unless you love their design.

[@Bitcoinftm]

Check out my kit for parts suggestion: kit.co/jlevi

[@cryptoctavio4751]

If you want ready-made hardware without having to even build the Pi into a case, just buy the Raspberry Pi 400 (which is a slightly upgraded Pi 4 in a keyboard case) with the official Raspberry USB-C power supply, and also buy the USB3-ready Sandisk 1 TB SSD drive (so you don't even have to insert the SSD into a case; the 550 MB/s speed version is enough, no need for the more expensive faster versions) and the 16 GB MicroSD card. With that there's no hardware tinkering: You just have to flash the OS into the MicroSD card from your computer, then insert it into the Pi card slot, connect the cables and it just works! The only downside is the keyboard part of the Pi 400 will be wasted, since Umbrel doesn't have any user interface within the Pi itself but only as a local network web server accessed from another computer (HDMI display output, if you plug it, is just grey on black technical logging text). But you can just turn it off when you don't want to use the node, then switch MicroSD cards, and run a full graphical Linux OS on it if you want (each MicroSD card can have different OSes for different purposes).

[@aslejordhoy9845]

Thanks for your great info :) How much does it use in electricity each year with a raspberry pi4?

[@Bitcoinftm]

About $5 or so :)