I'm confused till after greeting multiple response till as fewer look like not accurate!! which is very much irritating for the small invest.
If possible from anyone of you please clerify me with iconic point of Lightning Network payments.
And confirm me please is it accept BitPay?
Topic: The Lightning Network FAQ - page 76. (Read 33805 times)
-snip
I proposed it about 3 months ago and nothing has happened since then. A board dedicated to second layer solutions might help us not to abuse this topic and divide information into separate threads without having to worry that they will end up on the 20th page of this section. If you want to discuss it further, please reply in the previously mentioned topic.
If there are more real services that accept LN payment, I'd like to see them posted here. BitCryptex, are you okay with that?
I don't mind if someone posts anything LN related here from time to time. However, I might create a separate thread for that or you can do it yourself since this thread should be focused more on questions.
...
I know there's a search function in the forum and there's google search, but a separate board is just really different...
If there are more real services that accept LN payment, I'd like to see them posted here. BitCryptex, are you okay with that?
I don't mind if someone posts anything LN related here from time to time. However, I might create a separate thread for that or you can do it yourself since this thread should be focused more on questions.
@BitCryptex: you mentioned running a node before, so I got an idea: would it be possible to use Linux command line to check payment requests before paying?
It would be possible. LND seems to have LookupInvoice command which returns a lot of information, including the requested value. You can also try this invoice decoder.
Can I use this thread to post an actual service that accepts LN as payment?
I would say "no, Dev & Tech is the wrong board". But I'm not moderating this thread
I still have high hopes for LN: despite it being very small compared to many altcoins
that makes zero sense
It would make sense if you were to compare Litecoin's LN with Bitcoin's LN. Litecoin's LN is smaller. That would make sense.
Can I use this thread to post an actual service that accepts LN as payment? 
I funded my LN-wallet again just to support this initiative: a $1 VPS server (HDD))! It's small and no doubt slow, and I LOVE that they accept LN. Contrary to on-chain Bitcoin, LN is designed for this.
If there are more real services that accept LN payment, I'd like to see them posted here. BitCryptex, are you okay with that?
I still have high hopes for LN: despite it being very small compared to many altcoins, there are already a couple dozen different wallets. My guess is they all want to be one of the first, so they have early adopter advantage once LN gets really big.
@BitCryptex: you mentioned running a node before, so I got an idea: would it be possible to use Linux command line to check payment requests before paying? I'd like to set up a promotional node that pays all LN requests posted anywhere on Bitcointalk as long as they're under a certain (low) value. I already scrape the posts, so I can get all requests within seconds. If I can pull this off with a node, I think I can get all requests paid within 10 seconds after posting.
I funded my LN-wallet again just to support this initiative: a $1 VPS server (HDD))! It's small and no doubt slow, and I LOVE that they accept LN. Contrary to on-chain Bitcoin, LN is designed for this.If there are more real services that accept LN payment, I'd like to see them posted here. BitCryptex, are you okay with that?
I still have high hopes for LN: despite it being very small compared to many altcoins, there are already a couple dozen different wallets. My guess is they all want to be one of the first, so they have early adopter advantage once LN gets really big.
@BitCryptex: you mentioned running a node before, so I got an idea: would it be possible to use Linux command line to check payment requests before paying? I'd like to set up a promotional node that pays all LN requests posted anywhere on Bitcointalk as long as they're under a certain (low) value. I already scrape the posts, so I can get all requests within seconds. If I can pull this off with a node, I think I can get all requests paid within 10 seconds after posting.
It's very surprising news, who would expect Lightning Network protocol and client which are on development phase have security issue which could cause loss of funds 
Lol 
The fact that the loss of funds "could happen" but hasn't happened yet is more surprising
I believe the only reason why hackers haven't started looking for vulnerabilities in Lightning is because the rewards might be too small for the effort.
Its success, if it becomes a success with billions passing around in the network, will also make it a target in my opinion.
It's very surprising news, who would expect Lightning Network protocol and client which are on development phase have security issue which could cause loss of funds
Lol The fact that the loss of funds "could happen" but hasn't happened yet is more surprising
Yesterday, Andreas Antonopoulos announced on his YouTube account that "Mastering the Lightning Network" is going to be released next year! It will be possible to contribute on Github to the book and proofread it before it is released. The work on it will start in the middle of September.
Isn't it exactly the opposite? I looked up this command on a few websites and they said that setting it to -20 makes the process the most favorable.
correct, except making the lightning/bitcoin daemon more favorable is not what you want to keep the raspi stable
The range of valid nice values is from 19 (maximally nice) to -20 (not at all nice). htop tells you what nice value is assigned, possibly top will too
Isn't it exactly the opposite? I looked up this command on a few websites and they said that setting it to -20 makes the process the most favorable. Thanks for your suggestion. I have already contacted Zand_ and we might give it a shot along with neutrino.
Thank you guys, that was really helpful!
Now I'll start reading about the changes in LND and I'll try to upgrade my Raspberry to the latest release
(Or I'll start from scratch, maybe it's better)
So at first I don't mind if it will slow down from time to time but if it will happen frequently I know now where to find a nice solution for the problem
Now I'll start reading about the changes in LND and I'll try to upgrade my Raspberry to the latest release
(Or I'll start from scratch, maybe it's better)
So at first I don't mind if it will slow down from time to time but if it will happen frequently I know now where to find a nice solution for the problem
Does it worth the time and the energy to start again with a Raspberry PI? (I have it, I won't use it for anything else, and I don't want to sell it, so if it won't be painfully slow or useless, is there any reason why not to play with it again?)
Using a Raspberry Pi is kinda a bumpy ride. It works well for most of the time, but sometimes, it slows down for no reason.
try giving bitcoind (and your lightning daemon) a positive nice number, e.g.
Code:
nice -n 9 /usr/bin/bitcoind
this tells the linux kernel to de-prioritize CPU cycles that would otherwise be scheduled for a given process. All userland processes have an implicit nice value of zero, which means there's a FIFO style dynamic in the way they are served by the CPU. The range of valid nice values is from 19 (maximally nice) to -20 (not at all nice). htop tells you what nice value is assigned, possibly top will too
this should help to smooth out resource usage on a raspi
another angle is to boot directly from an SSD (and put your swapfile on the SSD also). This might only work on rasPi 3's, cannot remember specifically. The /boot partition can stay on your microSD, as it's not performance contingent, and likely read-only too. You just need to tell the config files in /boot to start the init process from /dev/sda (or whatever device your SSD system disk is)
Does it worth the time and the energy to start again with a Raspberry PI? (I have it, I won't use it for anything else, and I don't want to sell it, so if it won't be painfully slow or useless, is there any reason why not to play with it again?)
Using a Raspberry Pi is kinda a bumpy ride. It works well for most of the time, but sometimes, it slows down for no reason. It will be usable if you don't mind waiting another 30 seconds from time to time.
If it's OK to start a node on Raspberry, which one would you recommend?
Is neutrino a working solution now (it was in a really beta state in 2017), or I should attach a HDD to the PI with the blockchain, downloaded previously with a PC, and start a full node?
Is neutrino a working solution now (it was in a really beta state in 2017), or I should attach a HDD to the PI with the blockchain, downloaded previously with a PC, and start a full node?
Most tutorials out there are made for LND which is the only implementation supporting neutrino. Neutrino seems to be working fine since Lightning Lab decided to use it in their mobile mainnet Lightning Network wallet. There's also another light client called Breez available on iOS which also uses neutrino.
neutrino's probably improved since you last used it, but I don't have any experience of that. The bitcoin network will have alot more neutrino nodes in either the October release or the April release of the core node software, but until then you'll be relying on the small number of btcd nodes that support it
Hi,
I've read the FAQ and have a simple question:
I know that it's possible to run a LN node on Raspberry PI (because I have one and I had a node on it in 2017 (I know, long time ago))
Fees has settled and I've switched off the node and forgot about it, it's in the drawer, untouched since the power off.
It was a neutrino node (without the copy of the blockchain downloaded locally)
So my question is:
If I just switch it on, it will be really outdated (it was an LND node)
Does it worth the time and the energy to start again with a Raspberry PI? (I have it, I won't use it for anything else, and I don't want to sell it, so if it won't be painfully slow or useless, is there any reason why not to play with it again?)
If it's OK to start a node on Raspberry, which one would you recommend?
Is neutrino a working solution now (it was in a really beta state in 2017), or I should attach a HDD to the PI with the blockchain, downloaded previously with a PC, and start a full node?
Thanks for the answers in advance, I'm not lazy to read and to search, but I need someone to show the right direction before I start searching and reading a lot
I've read the FAQ and have a simple question:
I know that it's possible to run a LN node on Raspberry PI (because I have one and I had a node on it in 2017 (I know, long time ago))
Fees has settled and I've switched off the node and forgot about it, it's in the drawer, untouched since the power off.
It was a neutrino node (without the copy of the blockchain downloaded locally)
So my question is:
If I just switch it on, it will be really outdated (it was an LND node)
Does it worth the time and the energy to start again with a Raspberry PI? (I have it, I won't use it for anything else, and I don't want to sell it, so if it won't be painfully slow or useless, is there any reason why not to play with it again?)
If it's OK to start a node on Raspberry, which one would you recommend?
Is neutrino a working solution now (it was in a really beta state in 2017), or I should attach a HDD to the PI with the blockchain, downloaded previously with a PC, and start a full node?
Thanks for the answers in advance, I'm not lazy to read and to search, but I need someone to show the right direction before I start searching and reading a lot
Yeah, but i have my on-chain channel and i first need to send the coins to another LN address and just after that i can start to receive, in the case of making a node i can start to receive immediately or i need to send coins first too?
Once you fund the node's on-chain address and decide to open a channel, your coins will be automatically moved to a new multisig address controlled by you and the other party who accepted your proposal. After a few confirmations, the channel will become active and you should be able to send coins over the Lightning Network. You won't be able to receive payments unless you spend some coins or ask someone to open a channel to you.
I see, so every node have standard limits to start or it depends the money owners put in?
No, there isn't a minimum amount of coins needed to start a node. You can run a Lightning Network node without any channels (no coins used) as long as you have available resources on your server. The Lightning Network node without any channels doesn't do anything at all. The node has its own on-chain address from which coins are taken when one wants to fund a channel. One can't open a big Lightning Network channel and split it later into smaller ones.
Yeah, but i have my on-chain channel and i first need to send the coins to another LN address and just after that i can start to receive, in the case of making a node i can start to receive immediately or i need to send coins first too?
I see, so every node have standard limits to start or it depends the money owners put in?
No, there isn't a minimum amount of coins needed to start a node. You can run a Lightning Network node without any channels (no coins used) as long as you have available resources on your server. The Lightning Network node without any channels doesn't do anything at all. The node has its own on-chain address from which coins are taken when one wants to fund a channel. One can't open a big Lightning Network channel and split it later into smaller ones.
Ok and how can that guys coinplaza or bitrefill have so much inbound, need to run a node?
They run their own Lightning Network nodes and open new channels to people who want to rent inbound capacity from them. For example, Bitrefill charges 0.00005700 BTC for a 0.005 BTC channel. That's how they profit from locking up their coins for some time. Note that they also need to have inbound capacity if they want to route payments properly.
I see, so every node have standard limits to start or it depends the money owners put in?
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