reply on: How to Connect your LN node to SEND/RECEIVE sats to/from SN via NWC with AlbyHub \ stacker news ~lightning

31 sats \ 6 replies \ @Coinsreporter 24 Sep \ parent \ on: How to Connect your LN node to SEND/RECEIVE sats to/from SN via NWC with AlbyHub lightning

Thanks 🙏 I asked it because I think a lot of Stackers who don't run their own node, might be irritated for every time they see minimum 1 sat deducted, even if they zap 1 0 or 20 sats to someone. Thanks about cashu, it may be a very good option with low amounts.

10 sats \ 5 replies \ @ek 24 Sep

In any case, you will pay network fees unless you run your own node and open a (private) channel to SN.

31 sats \ 4 replies \ @Coinsreporter 24 Sep

And we require a big amount of sats for creating a node? Do we?

10 sats \ 3 replies \ @ek 24 Sep

You don't pay for "creating a node", you pay to open channels since it's a bitcoin transaction. The channel can be as big or low as you want, but it will determine how much you can spend and receive. Anything between 100k-1m channel should probably be fine. You can also use that channel to pay for other things.

31 sats \ 2 replies \ @Coinsreporter 24 Sep

If I open a 1m channel, how much can be the fees?

20 sats \ 1 reply \ @ek 24 Sep

Onchain fees don't depend on the amount of sats but amount of bytes. Currently, onchain fees are low with 2 sats/vB:

vB means virtual bytes (a special unit for bitcoin transactions) and they calculate with an average transaction size of 140 vB. So you'd pay currently around 280 sats which is about $0.18 to open a channel.

93 sats \ 0 replies \ @Coinsreporter 24 Sep

Thank you so much! 🙏 I'll most probably run my own node. It's not that difficult as I thought it to be. 😊