0 sats \ 1 reply \ @premitive1 20 Sep 2022 \ on: ANNOUNCING MINATOPAY.com + 20K SAT GIVE AWAY bitcoin
good luck, and thanks for keeping us in the loop. I'd love to hear more about why small withdrawals elsewhere don't work. Where do those fees come from? I don't know too much about the lightning network, so pardon my lay-man question.
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0 sats \ 0 replies \ @MinatoPay OP 20 Sep 2022
It's because my lightning node doesn't have a channel with outbound capacity to other wallets yet. This means that a payment to those wallets will have to be routed through other nodes, which take fees along the way.
For example, a 1k sat payment to another wallet can easily cost greater than 5%. Larger payments usually have a smaller % fee due to costs being made up of a base fee and a fixed %.
But as I connect to more nodes and build greater capacity, this problem should go away soon.
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