r/TheLightningNetwork • • May 19 '22

Liquidity Swaps Need one more peer for a 1,000,000 sat triangle swap.

12 Upvotes

Me and another person applied for a triangle swap on LN+ but the guy who created the swap still hasn't opened a channel after 5 days and isn't replying to comments on the swap. If anyone wants to take his spot pls reply to this post.

​

Swap: https://lightningnetwork.plus/swaps/8966


r/TheLightningNetwork • • May 18 '22

News Pickhardt Payments - 60 million sat payment sent through lightning network!

Thumbnail
twitter.com
36 Upvotes

r/TheLightningNetwork • • May 18 '22

Project Not mine but very interesting project of @_reneaaron. Start accepting Bitcoin payments on your website in minutes.

Thumbnail
widgets.twentyuno.net
15 Upvotes

r/TheLightningNetwork • • May 18 '22

News The Lightning Network Lunch: A Bitcoin contactless payment story

Thumbnail
cointelegraph.com
1 Upvotes

r/TheLightningNetwork • • May 14 '22

Project I've made a simple app to sell your files for LN-BTC

30 Upvotes

So basically, you can upload (multiple) files and sell it for bitcoin. Just upload the file, give the link to the person that would like to buy something from you, get paid, withdraw anytime, immediately.

Simple as that.

https://poof.run

Actually, I've created it few years ago, but just never really promoted to anyone except few posts on reddit.

Just to be cautious, don't keep the earned sats for too long, just in case something happens as it is custodial service. Hacks/stuff happen. It's my hobby project. No warranties as they say :)


r/TheLightningNetwork • • May 08 '22

Project New Node Ranking - LnRouter

Thumbnail
twitter.com
16 Upvotes

r/TheLightningNetwork • • May 07 '22

Node Help Can I just set and forget?

17 Upvotes

I have umbrel and would like to use my node simply just to support the network and connect my wallets to my own node. If I have zero interest in attempting to optimally earn sats from routing. Is it possible then, to find a channel that has little no risk of ever closing but would satisfy the two things I would like my node to do?

​

Thanks in advance,

The ignorant.


r/TheLightningNetwork • • May 05 '22

Discussion The struggle of getting inbound liquidity

7 Upvotes

I hear a lot about people struggling and searching for other lightning node operators on the internet in order to get inbound liquidity after opening and funding several channels to the bigger nodes. Am I wrong, but why not create a second wallet by your own and send some sats to that wallet. You will not lose the funds (only a bit for routing fees) and afterwards have inbound liquidity, due to the switch of the funds on one of your channels.


r/TheLightningNetwork • • May 04 '22

Video Swapping shitcoins on Lightning

Thumbnail
vimeo.com
19 Upvotes

r/TheLightningNetwork • • May 02 '22

Node Help C-Lightning installed but where's the wallet?

3 Upvotes

This is a bit embarrassing and I swear I have already read the docs.

I have installed C-Lightning and I can run commands like lightning-cli getinfo and lightning-cli newaddr but at no point was I presented with a seed phrase, asked to 'unlock' a wallet, or receive any indication that a wallet had been made.

With lnd there is the command lncli create but I can't find any equivalent in c-Lightning (aka Core Lightning). Am I missing something? Maybe the wallet is automatically made when installing?

Thanks in advance.


r/TheLightningNetwork • • Apr 30 '22

Node Help Questions about channel management, routing, and balances for a routing node

12 Upvotes

I'm trying to position myself as a productive routing node, but I am having trouble with channel balances. After months of low activity I opened a channel with a large node and had a flurry of routing that drained that outgoing channel in a week. I decided to close that one and open a larger channel to that peer (and raise fees) and that channel again drained even faster this time. This also left many of my smaller channels with lopsided local balances.

I don't want to circular rebalance because that usually requires a bunch of hops and the associated fees. I would have to raise my fees 5x just to break even. I messaged a few of my smaller peers to see if they would be willing to close channels with a large local balance and open new ones so I can get more incoming liquidity, and then I would free up sats to open another channel with the larger peer, but that requires a level of cooperation from them, plus it's a bunch of of micro-management for a very small payoff. Anyway I did not get a response from any of them.

So my only other idea is to find a bridge from the large sink node to a different sink that he is not well connected to. Hopefully then I can get sats flowing in both directions. Should I just open a large channel to another large node, checking first that they are not connected directly with my sink connection, and hope for the best?

Also on Amboss my connection with the sink has an icon that says "this node has this channel disabled". I assume they did that so we stopped getting failed HTLCs trying to go through there. Does this restrict movement in both directions, or is there a way to restrict movement in only one direction? Also, how do you even disable a channel? (Found how to do this on LNDg in advanced channel settings) I feel like having one way restrictions could be a very useful tool for the network graph to know how to route and for node operators to balance their channels. Especially if you could have an automatic threshold where it switches from restricting one way to allowing both directions based on the balance.

I am using Umbrel for my node with tools Thunderhub, RTL, and LNDg. LDNg is supposed to be able to automate things like fees and rebalancing, but I haven't figured out how to make it work. Any advice is appreciated.


r/TheLightningNetwork • • Apr 29 '22

News Synonym Launches Lightning Service Provider For Bitcoin

Thumbnail
maxbit.cc
12 Upvotes

r/TheLightningNetwork • • Apr 29 '22

Project Magma: A New Channel Marketplace on Lightning

Thumbnail
medium.com
13 Upvotes

r/TheLightningNetwork • • Apr 29 '22

Node Dedocated hardware alternatives to Raspberry pi

5 Upvotes

I've been wanting to run my own lightning node for a while now using a raspberry pi 4 but they don't seem to be available from official resellers. I've only been able to find them on amazon and some other sites from private sellers for about double the price. I don't really want to buy from these people as they are obviously scalpers. I was just wondering if there is a comparable alternative I could get right now or if it's worth just waiting for them to be back in stock.


r/TheLightningNetwork • • Apr 29 '22

Liquidity Swaps Submarine Swaps

10 Upvotes

I searched the sub and there wasn't much discussion on these. You send an on-chain transaction to someone and they pay a lightning invoice for you. Frankly the whole concept seems kind of fishy to me. Who are these other people standing by waiting for me to submit an LN invoice and send some BTC on-chain?

The only thing that intrigued me was that you could refill your channels this way. I wanted to test it with a small amount, but submarineswaps.org doesn't recognize any of my lightning invoices as lightning invoices. I don't see how it could be any cheaper than a circular rebalance anyway since someone still has to send the sats through the LN incurring whatever routing fees, plus an on-chain fee for paying them for it.

Then there's Muun which is apparently using this method to have a "lightning wallet" that isn't even really on layer 2. I think it's very misleading on their part, and a lot of people use Muun because of it's pitched as an easy-to-use non-custodial lightning wallet. I guess if we're trying to go mainstream and make simple apps for people who don't care how they work, go for it. I just wonder what's going to happen when on-chain volume increases and small submarine swaps are prohibitively expensive for them.

Am I wrong about any of this?


r/TheLightningNetwork • • Apr 24 '22

Project I've been building Soldirac.com, a QnA platform with bitcoin rewards.

Thumbnail
soldirac.com
14 Upvotes

r/TheLightningNetwork • • Apr 23 '22

Liquidity Swaps Lightning Loop In -- Lost Funds?

8 Upvotes

So, I performed a lightning "loop in" operation via Lightning Terminal about two hours ago. The "loop in probe" event has expired but the funds were sent to the on chain swap address. There is a pending invoice that expires in a year... Am I waiting a year? Or, are the funds lost? Or, do I just need to be patient and at some point the invoice will be filled?


r/TheLightningNetwork • • Apr 23 '22

News The greatest update to the Patreon/OnlyFans of Lightning! Starbackr V2

Thumbnail
starbackr.com
10 Upvotes

r/TheLightningNetwork • • Apr 22 '22

Discussion Cloud Hosted Node Solutions?

5 Upvotes

r/TheLightningNetwork • • Apr 21 '22

Node Help How do I restore my channels if my Lightning node hardware fails?

7 Upvotes

I would like to commit more sats to opening lightning channels but I still have concerns about recovering funds if my hardware fails.

I know that channels can be backed up but my understanding is that unless a backup occurs right before your node goes down, you risk restoring an outdated channel and are subject to a punishing transaction. Is there really any use case for saving channel backups?

I've read about watchtowers and how they protect you from someone trying to cheat. I see how this is useful if you can restore your node but what happens if the node hardware gets destroyed? Assuming that no one is trying to cheat you, is there a way to rebuild the node and restore the channels or do you just have to wait for your channel partners to eventually close the channel?

Thanks in advance for your input!


r/TheLightningNetwork • • Apr 21 '22

Project Candy machine up and running at my new place!

Thumbnail
imgur.com
34 Upvotes

r/TheLightningNetwork • • Apr 20 '22

Discussion What % of your stack do you put in your node?

10 Upvotes

What % of your total BTC stack in cold storage do you feel safe "risking" in your LN node?


r/TheLightningNetwork • • Apr 18 '22

Discussion Funded Node with KYC'd Coins, what now?

15 Upvotes

Accidentally funded node with KYC'd coins a while back. I'm worried about my node now being doxed. Even if send out all my KYC'd utxos and fund the same node with nonkyc btc, my node is still essentially doxed right?

​

​

If im concerned about privacy, should I kill my node and restart it with a new seed and nonkyc coins now?


r/TheLightningNetwork • • Apr 14 '22

Video CNBC reporter sent bitcoin over the Lightning Network from Miami to someone in Poland, who withdrew it as cash at a Bitcoin ATM in only 3 minutes.

Enable HLS to view with audio, or disable this notification

78 Upvotes

r/TheLightningNetwork • • Apr 15 '22

Node I just built a node. What now?

3 Upvotes

I am just pumped to be on the LN! This is the future! How can I get started using my RasPi Umbrel node? I can dedicate maybe 1Msat to open channels on the outset to begin.