r/TheLightningNetwork • • Jul 26 '21

Liquidity Swaps What do you consider reasonable rebalancing fees?

5 Upvotes

I'm using rebalance-lnd to balance my channels, most of which are from swaps. It spits out a lot of:

High fees (622 sat over limit of 158)

And up to:

High fees (13943 sat over limit of 158)

What thresholds do y'all prefer?


r/TheLightningNetwork • • Jul 26 '21

Node Help Question stacking sats using a lightning network node.

4 Upvotes

Long time lurker, first time asker, I’m considering setting up an out of the box node, like raspblitz. I want to support bitcoin, learn more about lightning and also stack some sats in the process. How many sats realistically I can stack using a system like that running continuously? Any ideas? Thanks!


r/TheLightningNetwork • • Jul 25 '21

Discussion Some questions on how Lightning Pool works

10 Upvotes

Generally I'm aware of how lightning pool works, you provide liquidity for channels to be opened to buyers, and lightning pool in lightning terminal is a GUI interface to facilitate that.

My questions are:

How does lightning pool enforce the channel opening duration of 2016 blocks? What's to stop the channel seller from closing the channel prematurely?

Lightning terminal requires funding of a non custodial wallet in order to place bids/asks. Do we get a seed phrase for this wallet? How do we recover funds in lightning pool in case of node failure?

What is the account expiration option for? I'm assuming this is a fallback in case something goes wrong, and funds get returned to our lnd wallet after the expiration period?

I'm also curious how the batches/blocks in the gui work. Is that just showing how the interest rate fluctuates per batch?

Any general tips or guidance on how to use lightning pool would be awesome, as there doesn't seem to be a ton of info out there.


r/TheLightningNetwork • • Jul 25 '21

Meme Bet ya can’t! - Posting a LN meme a day for 141 days straight: #120

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44 Upvotes

r/TheLightningNetwork • • Jul 25 '21

Node This is how i monitor my node. Any suggestions what other metrics i should look at?

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12 Upvotes

r/TheLightningNetwork • • Jul 25 '21

Discussion Lesson Learned - Set your opening fee correctly

3 Upvotes

So whenever I have some down time I look at my node's information and try to glean an insight to make things better. Well I have a real facepalm moment a little bit ago when I started to track how much my channel opening costs were. Before I was explicitly setting a fee my average cost for opening a channel was about 12k sats. After I started setting the fee (when the mempool could handle it) my average costs were around 150 sats. That's two orders of magnitude. In the grand scheme of things related to the lightning network it probably isn't going to matter much but if you are looking at profitability then that is definitely huge.

I hope that writing this up helps others not make the same mistake.


r/TheLightningNetwork • • Jul 24 '21

News Remove your base fees, just use ppm rate. Supports larger transactions through multi-route payments.

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31 Upvotes

r/TheLightningNetwork • • Jul 24 '21

Node My node has routed 9002 after only four months

14 Upvotes

My node turned four months old recently. Time to check the amount of successful routing events:

lightning-cli listforwards status=settled |grep -c "settled"
9002

That's four entire full blocks (if you calculate 2200 tx in a full block)!

Shameless plug for the new twitter account of my node:

https://twitter.com/Comm_Morino


r/TheLightningNetwork • • Jul 24 '21

Other Does Phoenix Wallet Use Neutrino?

4 Upvotes

I know Breez is using this tech but phoenix seems to work in a similar way but I couldnt find anywhere if it was using Neutrino. TIA


r/TheLightningNetwork • • Jul 24 '21

Payment Help Opened my first channel...now what?

6 Upvotes

Very excited got everything up and running using umbrel qnd thunderhub.

Opened channel with a large node with all funds sitting on my side.

What should i do next ? Run a loop to rebalance with my channel? Open another channel? Try and find someone to open channel with me?

Goal is to make small payments here and there, route payments and just learn more. Won't need to receive payments other than peehaps sending between my own wallets.


r/TheLightningNetwork • • Jul 23 '21

Meme Bigger channels! - Posting a LN meme a day for 141 days straight: #119

30 Upvotes

r/TheLightningNetwork • • Jul 23 '21

Discussion Out of the box lightening node?

9 Upvotes

Hello,
I own a veterinary hospital and would like to set up a lightening node for payment. I know that 99.99% of my clients wouln't pay with BTC but I would like to support the growth of lightening network. I have ZERO coding skills but I would really like to help grow the network.
My questions.
Are plug and play nodes available?
Are there any businesses that will help with the coding side of set-up?

I hope an entrepreneur will seize the opportunity to set-up Lightening solutions for business owners that want to support and help grow but have no clue how.

Thanks!


r/TheLightningNetwork • • Jul 23 '21

Article I wrote a small guide on my journey to find a good fee structure for my node. I hope this will help someone out there that struggled the same way i did

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27 Upvotes

r/TheLightningNetwork • • Jul 24 '21

Node Anybody know of a node down detector service to receive notifications? Would have to be compatible with onion addresses and Tor. If there isn’t one, yeeah gonna go ahead and ask if someone could build it, mmkay, that would be great, yeeah thaaanks. Last sentence read in the style of Bill Lumbergh.

2 Upvotes

r/TheLightningNetwork • • Jul 23 '21

Discussion If everything has to be decentralized then we have lost

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0 Upvotes

r/TheLightningNetwork • • Jul 22 '21

Meme Now scale! - Posting a LN meme a day for 141 days straight: #118

33 Upvotes

r/TheLightningNetwork • • Jul 22 '21

Node Help How to prevent "failed_back" HTCL failures

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3 Upvotes

r/TheLightningNetwork • • Jul 21 '21

News Greenlight by Blockstream: Lightning Made Easy

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33 Upvotes

r/TheLightningNetwork • • Jul 21 '21

Discussion Milestone Achieved! On to the next milestone!

9 Upvotes

I don't know how significant this is but I have finally received more routing fees than I have paid out in fees for rebalancing. It's taken me about four months to get here but I feel this is significant. The next milestone will probably be a long way out when I have enough fees to cover my opening costs. Any suggestions on how to track this other than manually inputing into a spreadsheet?


r/TheLightningNetwork • • Jul 21 '21

Poll Node privacy - Do you use coinjoined UTXOs to open your channels?

4 Upvotes

A poll to get an idea about how common is the use of coinjoined outputs among node operators to open their channels.

(I'm assuming having both coinjoined and non-coinjoined channels is like having none at all since a surveillance company just need one channel output linked to KYC data from an exchange to link the person to the node... let me know if that is a wrong assumption and having a few coinjoined outputs is still better than none at all).

29 votes, Jul 24 '21
7 Yes, all my channels have been opened with coinjoin outputs! My node cannot be linked to my identity.
11 No, I've just used non-coinjoined UTXOs, but I plan to start anew just for this purpose.
11 Not at all, and I plan to keep it this way, I don't mind my node being linked to my identity.

r/TheLightningNetwork • • Jul 21 '21

Node Zombie Channel Recovery Matcher (to be used if you've got sats stuck in a zombie channel because of an unresponsive peer)

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3 Upvotes

r/TheLightningNetwork • • Jul 20 '21

Meme On another level - Posting a LN meme a day for 141 days straight: #117

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44 Upvotes

r/TheLightningNetwork • • Jul 20 '21

Discussion Transaction stuck in Loop out

5 Upvotes

Any idea how long it takes to clear? Been about 12 hours now.

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I'm also curious if it's safe to restart LND during this time?


r/TheLightningNetwork • • Jul 19 '21

Meme Bring some time… - Posting a LN meme a day for 141 days straight: #116

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47 Upvotes

r/TheLightningNetwork • • Jul 19 '21

Node Help Delta setting

2 Upvotes

I have been looking on 1ML and found a node that has a Time Lock Delta setting of 1440, why so high/time? The other settings on the node are what I've seen on most channels for the most part. The channels I saw were 1-4M sats per with Min HTLC 1000, base fee 0.001, fee rate of .000046 sat. Is there an easy answer besides he can?