The Lightning Network Empowers Small-Scale Miners Pre-Halving With the highly anticipated Halving Event on the horizon, Bitcoin enthusiasts are buzzing with excitement. Amidst this fervor, a game-changer called the
Lightning Network is stepping up to support the unsung heroes of mining – the small-scale miners.
As mining rewards shrink due to the halving, efficiency becomes paramount. The big players are already exploring energy-saving techniques, but what about the little guys?
Jesse Shrader, CEO of Amboss, warns that small-scale miners will feel the pinch too.
Fewer Bitcoins and rising transaction fees pose fresh challenges. However, Shrader sees a silver lining in the form of LN. This layer-2 solution is like a secret tunnel for Bitcoin payments, bypassing the congestion and costs of the main blockchain.
By adopting LN for payouts, mining pools can sidestep hefty transaction fees and streamline operations.
Shrader even spotlights NiceHash as an early adopter. While LN initially appealed to hobbyists, it's now gaining traction among businesses. Amboss is at the forefront,
helping forge those vital peer-to-peer channels.
