pull down to refresh

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.
reply
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?
reply
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)
reply
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.
reply