How much would you pay for a cloud hosted Bitcoin Full Node \ stacker news ~bitcoin

How much would you pay for a cloud hosted Bitcoin Full Node

669 sats \ 20 comments \ @gd 8 Dec 2022 bitcoin

Whilst a Raspberry Pi in your home is the best way to decentralize the network and keep your node as sovereign as possible, cloud nodes play a part in availability for businesses and individuals who don't have the will, knowledge, or desire to run a node at home.

My question is: If you were a buyer of this service, how much would you be willing to pay for a Bitcoin full node (full 400GB sync) that is cloud hosted for you?

Benchmark services on the market:

Voltage (Professional Node: $200 p/m)
Nodl (59-69 Euro p/m).

$50 - 65 p/m14.3%

$65 - $80 p/m0.0%

$80 - $100 p/m0.0%

$100+ p/m14.3%

$20 - $50 p/m71.4%

14 votes \ poll ended

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120 sats \ 1 reply \ @Wumbo 8 Dec 2022

Before your edit time is up. Please add a show results vote option. Also I would added a $0 - $65 P/M option also.

23 sats \ 0 replies \ @gd OP 8 Dec 2022

I have added $20 - $50. I understand there are people who do not want this service, so left the $0 option out

15 sats \ 2 replies \ @NorthKoreanHostage 8 Dec 2022

This is extremely problematic.

The whole point of Bitcoin is to be decentralized and to eliminate the need for trust.

You're suggesting people trust you to run their own nodes for them? That's insane.

RUN YOUR OWN NODES!!

Cloud nodes open a vector to attack. You shouldn't trust anyone to verify your Bitcoin for you.

52 sats \ 0 replies \ @andyleroy 8 Dec 2022

Any commercial business will need cloud hosting or an enterprise grade on prem solution for running a node (or offering endpoints). Especially taking into account things like failover, redundancy, power, etc - there are a number of challenges to run a business on a 'self hosted' node.

It is great to run a self hosted node locally (I run bitcoin core on my computer), and to go one step further to verify transactions on your own instance - but beyond personal use, cloud or a data center setup is almost a must have.

And $100/mo+ is not at all unreasonable

0 sats \ 0 replies \ @gd OP 8 Dec 2022

The only route to each individual running their own node requires iteration from where we are, to where we want to be.

0 sats \ 0 replies \ @Eximpius 9 Dec 2022

You dont have to use a raspberry pi.

0 sats \ 2 replies \ @02f125d44e 9 Dec 2022

cloud is fine if your data is encrypted but node is kinda too much. why put your private keys on someone else's hardware? =/ just run your node at home/business and vpn to a vps.

10 sats \ 1 reply \ @gd OP 9 Dec 2022

I agree, the goal is to not have priv keys on the server, but sign txs with remote signing only.

0 sats \ 0 replies \ @doofus 4 Mar

But there is an extra vector of attack when you send the transaction

0 sats \ 1 reply \ @rijndael 9 Dec 2022

put all the block data older than a month on a big EFS share or something and make it multi-tenant. drive down per-node disk costs.

0 sats \ 0 replies \ @gd OP 9 Dec 2022

Things like this is possible, but I’m talking specifically fully self-synced nodes.

We will likely offer cheap BIP157/158 nodes too

0 sats \ 0 replies \ @andyleroy 8 Dec 2022

Quicknode offers a nice Bitcoin blockchain endpoint (pricing based on API calls): https://www.quicknode.com/chains/btc

0 sats \ 0 replies \ @selfish_gene 8 Dec 2022

не более 1 сат в год... зачем платить в $?

0 sats \ 1 reply \ @BlokchainB 8 Dec 2022

Is that for a clearnet voltage node?

50 sats \ 0 replies \ @gd OP 8 Dec 2022

Yes, I believe their full node product is the only one which does clearnet. Their cheaper nodes are not full nodes themselves.

0 sats \ 4 replies \ @02d6987ce2 8 Dec 2022

Are you kidding? You can run BTC Pay server on a $10 P/M digital ocean instance with full ~650gb blockchain

You shouldn't look to charge more than $20-25, and that should include lightning management

12 sats \ 3 replies \ @gd OP 8 Dec 2022

I think you may have misread my post. I'm talking about a Bitcoin full node with a 400GB blockchain sync, not a BTC Pay server.

If you want to sync a 400GB blockchain to DO then you need to pay for the storage for that.

Neutrino nodes on the other hand— Yes, I totally am on board with those price points.

99 sats \ 2 replies \ @02d6987ce2 8 Dec 2022

Apologies, you are right, I just checked and indeed my cloud btcpay instance is just 50gb disk / 2gb memory. Didn't realise it wasn't actually a Full Node, thanks for correcting me.

For full node I do run a Start 9 personal server on a RasPi which has no cloud dependency. The cost for that is ~250 eur inc. peripherals (just hardware)

EDIT: just checked the pricing for a VPS with 1TB of storage. Wow!! Home node is surely the way to go if you are cost-conscious.

EDIT2: Thank goodness for small blocks!

10 sats \ 1 reply \ @gd OP 8 Dec 2022

I'll be honest, you got me excited at the prospect of being able to run them for $20!

How do you like the Start9 node? I've not had an opportunity to try them out yet but it looks pretty cool.

11 sats \ 0 replies \ @02d6987ce2 8 Dec 2022

Start 9 works great, and in a few weeks there are some big things coming:

clearnet (currently all services run over tor)
nextcloud (sovereign storage)
embassy pro (built on Librem Mini)

It's also nice to be able to run your own Sphinx server and send IMs over lightning. All using your own hardware (no need to dox yourself with a centralised cloud provider, or depend on one)