Quote from: ZipReg on October 31, 2017, 10:18:37 PM

Quote from: jnano on October 31, 2017, 09:48:47 PM

Quote from: ZipReg on October 31, 2017, 09:25:44 PM

Does running a full node earn bitcoin?

No. That's mining.

Thank you. So the only way to generate bitcoin organically is mining, but the nodes are what verify the block chain even exists and full node earn nothing, maybe that should change, me being a noob looking from the outside in, this does not seem fair.

Interesting. Are mining rigs and/or pools require to run on a full node to mine?

I have found the answer myself (below) on why to run a full node, but still wonder is running a full node required to mine? I assume miners are the node backbone? Thanks

Why should you run a full node
Summary

Running a full node is the only way you can use Bitcoin in a trustless way. You will know for sure that all the rules of Bitcoin are being followed, for example that no bitcoins are spent not belonging to the owner, that no coins were spent twice, that no inflation happens outside of the schedule and that all the rules needed to make the system work (e.g. difficulty) are followed. Full nodes are currently the most private way to use Bitcoin, with no nobody else learning which bitcoin addresses belong to you. Full nodes are the most secure way to use Bitcoin, they do not suffer from many attacks that affect lightweight wallets.