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, based on my experience running one over the past couple of years. I also offer some cost-reducing 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-to-peer network. A node receives, validates and broadcasts transactions/blocks to other nodes on the network, according to the network rules. Ted Stevenot succinctly described nodes as messengers and rule keepers of Bitcoin.