Cost Of Running A Bitcoin Node In Nigeria – Bitcoin Magazine

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  • December 19, 2022

In this article, I enumerate the costs of setting up and running a node in Nigeria, informed by my experience of running one over the past couple of years. I also offer some cost mitigating suggestions to hopefully encourage more participation on the bitcoin network.

Before exploring the costs involved: What is a bitcoin node?

A bitcoin node is software that connects to the Bitcoin peer-peer network. A node receives, validates and broadcasts transactions/blocks to other nodes on the network, according to the network rules. Ted Stevenot concisely described nodes as the messengers and rule keepers of Bitcoin.

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