reply on: My first experience with 'Attach Wallet' at SN — Blink and LN Address issues \ stacker news ~meta

pull down to refresh

131 sats \ 5 replies \ @ek 23 Aug \ parent \ on: My first experience with 'Attach Wallet' at SN — Blink and LN Address issues meta

It depends a lot on your technical skills 👀

phoenixd might be the easiest to setup (and we will support it soon) since it manages liquidity automatically but that comes with additional cost again. Since your only peer will be the ACINQ node, you will also still have tx fees. I believe they are the same as the tx fees with phoenix wallet but not confirmed.

So if you want to run your own node and open a direct channel to SN for 0 tx fees (you will need to pay open+close fees to miners though), you will need to run LND or CLN and manage the node yourself.

As @k00b mentioned, you can do that with Umbrel and Start9. There is also @Alby Hub but you need an Alby invite for it.

104 sats \ 4 replies \ @TheMorningStar OP 23 Aug

I've listened a lot about ALby Hub but can't get my hands on it because of the same 'I don't have invite'.

you will need to pay open+close fees to miners though

How much that would be approximately if it's not fixed?

34 sats \ 3 replies \ @ek 23 Aug

How much that would be approximately if it's not fixed?

I used the channel open tx of this channel between SN and not @benthecarman to get an estimate for the tx size. So if we use the same virtual size (211.5 vB) but assume 10 sat/vB instead of 34 sat/vB, you would be looking at 2115 sats to open a channel.

125 sats \ 2 replies \ @TheMorningStar OP 23 Aug

Thanks!

By looking at your answer, I think I need to learn a lot. I even don't know what's vB. I'll learn it though in a few days' time.

This 2115 Sats is a one time fee to open a channel or it's recurring?

13 sats \ 1 reply \ @ek 23 Aug

By looking at your answer, I think I need to learn a lot. I even don't know what's vB. I'll learn it though in a few days' time.

No worries, I unfortunately had to mention them since fees depend on them. It's only really relevant for fees though.

If you want to learn more, you will need to learn about Segregated Witness since SegWit introduced them. It's pretty technical though, so don't worry if you don't understand most initially.

If you have questions, you can always ask them in ~bitcoin_beginners.

This 2115 Sats is a one time fee to open a channel or it's recurring?

one time fee to miners to mine the channel open tx (so just like any other onchain tx)

84 sats \ 0 replies \ @TheMorningStar OP 23 Aug

Thank you so much! I'll try my best yo learn it in very less time. If running a node is the best solution, I'll attempt for it.