Cost Of Running A Bitcoin Node In Nigeria – Bitcoin Magazine

In this article, I list the costs of setting up and running a node in Nigeria, informed by my experience of running one in the last two years. I also offer some cost mitigation suggestions to encourage more participation in 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 transmits transactions/blocks to other nodes in the network, according to the rules of the network. ted stevenot nodes concisely described as the messengers and guardians of the Bitcoin rules.