0 sats \ 2 replies \ @VzxPLnHqr 17 Sep 2022 \ on: I'm Tony Giorgio, Lightning Developer and Researcher. AMA. bitcoin
Is LN being used by miners or mining pools yet? If not, why not?
Only one I'm aware of is Nicehash that has it as a lightning payout option though I don't hear much about that still to this day.
I would imagine because miners more than anyone else probably don't want to nor need to move fast and break things. There's already on chain liquidity management they need to worry about, adding the complexities of LN from accounting to securing to automation to unreliability on the receiving end is probably not something they see being worth the cost. Plus the volume they are dealing with is probably beyond something that needs to be on LN for many reasons, including routing fees.
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Thank you for your reply and thoughts on it. Maybe there is a market for a hodler to run a lightning-first mining pool?
There are two additional challenges related to this which come to mind:
- receiver privacy (something you are working on, thanks!) is important for miners, so until this is improved in lightning, they might be hesitant to adopt).
- an individual miner wanting to receive mining payouts via lightning would, naturally, need to have some in-bound receiving capacity.
I wonder if there is some sort of protocol which could be constructed such that a hodler can step in and solve #2.
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