how to set up a litecoin node?
Download the latest version of the Litecoin Core software at https://litecoin.org/ I have run the Windows version on an old 2014 i5 Windows 10 laptop and the Linux x86 version on an older 2012 Dell i3. Currently, it’s running on a Raspberry Pi 4B with the current Raspberry Pi OS (Linux, ARM) with 4GB RAM and connected to a USB HDD. If you use the 64-bit version of Raspberry Pi OS, download the aarch64 version.
The Windows version is the simplest. Run the downloaded setup program. When it finishes, open the application and it will begin the initial block download. That will take some time. The newer and faster your system is, the shorter the download time. You can set up your wallet later.
Currently the Litecoin blockchain needs about 90GB of space. You will want more than that available as blocks are being added all the time.
Let me know if you are using Linux and mention the hardware platform (x86 or ARM) and I can get some directions posted for installing that. It’s not very complicated but different.
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Thank you very much. Can you get any remuneration with a full litecoin node?
No direct remuneration for running a node. The benefit is that you have your own wallet with direct access to the blockchain. You are not connecting to the blockchain through another company like an exchange or a wallet provider. You always have an updated copy of the blockchain on your hardware and a wallet on your hardware. No company can lock you out of transacting business. Just make sure you keep good backups of your wallet keys!
To keep the cost low for running a node, the Raspberry Pi 4b uses less than 10 watts of power including a USB hard drive attached for blockchain storage. And you can still use the Pi for other applications while running Litecoin node.
This thread was helpful. Thanks for the insight.
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is there a linux distro which is having less issues like the ppa folic error we are getting with linux mint 19.3- 20 Ubuntu maybe?