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@DarthCoin
11 sats \ 0 replies \ @DarthCoin 8h \ parent \ on: I have a question about the Zeus lightning channel ā”š¤ bitcoin_beginners
I see you already have a channel of 897k sats CAPACITY. That is a good channel for a private node. I thought it was smaller. But is OK.
The 51k blocks is the TIME you want to keep that channel open. I would choose max 12 months.
If you really need more inbound liquidity, just buy another channel and keep also this one.
I suggest to have it with another good LSP, just for more reliability.
But if this capacity of almost 900k sats is enough for you to receive and spend or swap out, you don't need anything else.
In LN you have to think a bit in advance, about your future use of that liquidity. If you expect that is enough, just use what you have. If you expect a larger volume in the future, is good to have ready in advance these inbound channels, buy them when the fees are low.
TIL what is zyn.
I never smoke and/or took any drugs.
My only vice is beer, at home/private, not in public.
btw here is a meme for Oshi chocolate, these guys better eat @oshigood chocolate
ok let me make a TLDR:
OP is running a good public routing node:
- nodeID 2c521e5e73e40bad13fb589635755f674d6a159fd9f7b248d286e38c3a46f8683
- with 1.8BTC spread in 52 channels
- he made 1222 routing txs in 24h (pretty impressive)
- he didn't make any rebalancing (usually is necessary for a public routing node in order to keep incoming txs to be routed so to get more fees)
- he knows how to use command line to manage that node
Running a public routing node is not easy task and require skills, capital, resources, knowledge. If you want to learn, goood ... but is a long way to the top if you wanna rock'n'roll.
as a bitcoiner, I am happy to take on a 50 year mortgage
If you take a mortgage you are NOT a bitcoiner. You are just a fiat normie.
Yes, it can work like Phoenix, but that IMHO is a mistake to do it.
Why?
Because if you send just a small amount of sats, it will open a small channel. And because LND doesn't have yet splicing, you cannot expand that channel.
Is much better to buy LN channels in advance and choose yourself the size of the channel and the lease time. Cost is the same, but you will have much more inbound liquidity.
Now you learned the lesson. If this channel is quite small, I suggest to leave it to expire and will be closed. Then once you get the funds back in your onchain, just buy a new bigger channel, paying from another LN channel or another LN wallet. You can pay also with cashu if you activate that wallet.
soon also listed on https://bitcoinorshit.net
Pretty cool. What do you think about this? #1277693
It's a PWA.
Keep in mind that are 2 ways to use Rizful:
- as a node (channels, liquidity, NWC) - https://rizful.com/node_in_the_cloud
- as a custodial account (PWA + NWC) - https://rizful.com
You can ask anytime. Better ask if you do not understand something from the docs.
I hope you understand WHY those LSP channels "expire" and why do you have to pay a lease.
Better link here: https://docs.zeusln.app/lsp/channel-differences
