How much you have available?
How about 1M per side?BTW, this is my May experience:
Nice, I got such a 'middle finger' shape towards the end of the month, as well.. 
Topic: The Lightning Network node experience - page 3. (Read 3480 times)
This year has been quiet for me. I was over 2 months without forwarding any payment.
Mostly the same here, as well. In part it's due to some peers closing channels, so I have some on-chain balance on my node now. If you want, we could actually open a channel. Are you running Core Lightning? In that case, we could even dual-fund..
Hi... I didn't notice your reply.
Yeah sure, we can open a channel but I actually have to either try to re-eanble the dev features (I'm still on that v23.0.5-modded) and I had to disable those features because I waas getting buggy messages and couldn't connect to more than half of my peers!
How much you have available?
BTW, this is my May experience:
This year has been quiet for me. I was over 2 months without forwarding any payment.
Mostly the same here, as well. In part it's due to some peers closing channels, so I have some on-chain balance on my node now. If you want, we could actually open a channel. Are you running Core Lightning? In that case, we could even dual-fund..
This year has been quiet for me. I was over 2 months without forwarding any payment.
January
February
March and April -- 0 forwardings
I did a few this month. Will update when it's over!
As for rebalancing, I've been talking to me channel peers and asking them if they are willing to share the fees for rebalancing our channels! Some have been completely cooperative, some not. But still, even with other peers willing to share fees, I'm not sure if the fees I collect are on the green to cover the fees for rebalancing!
January
February
March and April -- 0 forwardings
I did a few this month. Will update when it's over!
As for rebalancing, I've been talking to me channel peers and asking them if they are willing to share the fees for rebalancing our channels! Some have been completely cooperative, some not. But still, even with other peers willing to share fees, I'm not sure if the fees I collect are on the green to cover the fees for rebalancing!
Many thanks for your observation and the recommendation... I'm doing that straight away.
Best regards
Best regards
~
I find it a bit hard to understand your issue, what you tried, what you want to achieve and where you got stuck. You may want to create a new thread about it on this board instead of continuing here in this thread.Add some more information and maybe try to follow the advice by StackOverflow for asking a good question.
My experience in giving out Bitcoins as prize to teenagers did not last long, there is little practical usage available to the quiz winners. I am now trying out an ecosystem with LN to get the project back.
I am not a techie, so I bought a Raspiblitz 9 months ago. I successfully get the LN running, fund the wallet and open channels…
My node's URI is 03443d4d2248e25ed0bc726aaba3a9a858561f452f62e3c3baa36abe5d99e74d65@hth3b3nfasox6r5qhj6ih53yixbag53yl2jxreeeccplfn4jl7fqhcyd.onion:9735
I want to create a more practical community of LN users, so my node is to enhance an instant payout to the wallets of my players (soccer). I give out small amount of Satoshi as prize to all my players after winning 3 matches without conceding goals in a row.
They are excited and the objective provide an environment that permit constant exchange between themselves…
My problem now is that during an updating my LN channels were not completely synchronized and since then I could not use the LND wallet to send out satoshi …
It is still working and 100% synchronized, (I have access but lack the know-how)…
I need help on how to correctly use the LND wallets and to understand this LN system; I want to be a good guide to the ecosystem evolving out of the scenario…
I am not a techie, so I bought a Raspiblitz 9 months ago. I successfully get the LN running, fund the wallet and open channels…
My node's URI is 03443d4d2248e25ed0bc726aaba3a9a858561f452f62e3c3baa36abe5d99e74d65@hth3b3nfasox6r5qhj6ih53yixbag53yl2jxreeeccplfn4jl7fqhcyd.onion:9735
I want to create a more practical community of LN users, so my node is to enhance an instant payout to the wallets of my players (soccer). I give out small amount of Satoshi as prize to all my players after winning 3 matches without conceding goals in a row.
They are excited and the objective provide an environment that permit constant exchange between themselves…
My problem now is that during an updating my LN channels were not completely synchronized and since then I could not use the LND wallet to send out satoshi …
It is still working and 100% synchronized, (I have access but lack the know-how)…
I need help on how to correctly use the LND wallets and to understand this LN system; I want to be a good guide to the ecosystem evolving out of the scenario…
Core-Lightning v23.02 has just been released. There are two things worth pointing out:
You can learn more about the peer backup feature here. Note that this backup allows you only to close all of your channels (as the other peer stores a Static Channel Backup). Closing channels through the SCB require the other party's cooperation so it should be your last resort anyway.
NEW experimental feature: peer storage - back up your encrypted emergency channel backup with your peers
Protocol updates: Offers (BOLT12) and dual-funding breaking changes to comply with updated lightning spec
Protocol updates: Offers (BOLT12) and dual-funding breaking changes to comply with updated lightning spec
You can learn more about the peer backup feature here. Note that this backup allows you only to close all of your channels (as the other peer stores a Static Channel Backup). Closing channels through the SCB require the other party's cooperation so it should be your last resort anyway.
Yes, I know how Submarine Swaps work. I just couldn't understand how would those work for the purpose you mentioned, I guess.
Simply swap those on-chain funds from your LN node for Lightning funds (on the same node). There's no way to tell which channel they will end up topping up (usually multiple, through multiple routes), but if you're not happy with the end result (e.g. they made an already unbalanced channel more unbalanced), you can quickly fix it by manually rebalancing.I would also like to suggest to people to come up with a simple way of showing the fees you all hhave on your channels, if it is doable. Small nodes should be easy to do it.
Something like an excel sheet where we use columns for channel size, base_fee and ppm. I think no need to include channel IDs. What you guys think?
Something like this may really help learn from each other and maximize routing & collected fees. It would be best as a Core Lightning / RTL plugin, I guess, that exports all relevant info with one click. There are many factors to consider: total funds, balancing, channel count, channel size, fee rates, etc.Something like an excel sheet where we use columns for channel size, base_fee and ppm. I think no need to include channel IDs. What you guys think?
To start, the fees thing, and as an experience, to see how it goes, I'll create a SpreadSheets with a sheet per user. I'll start with me and maybe you (n0nce) if you want. If more people want, I'll then add more sheets. Or what you guys think it's best?
Yes, I know how Submarine Swaps work. I just couldn't understand how would those work for the purpose you mentioned, I guess.
Simply swap those on-chain funds from your LN node for Lightning funds (on the same node). There's no way to tell which channel they will end up topping up (usually multiple, through multiple routes), but if you're not happy with the end result (e.g. they made an already unbalanced channel more unbalanced), you can quickly fix it by manually rebalancing.I would also like to suggest to people to come up with a simple way of showing the fees you all hhave on your channels, if it is doable. Small nodes should be easy to do it.
Something like an excel sheet where we use columns for channel size, base_fee and ppm. I think no need to include channel IDs. What you guys think?
Something like this may really help learn from each other and maximize routing & collected fees. It would be best as a Core Lightning / RTL plugin, I guess, that exports all relevant info with one click. There are many factors to consider: total funds, balancing, channel count, channel size, fee rates, etc. Something like an excel sheet where we use columns for channel size, base_fee and ppm. I think no need to include channel IDs. What you guys think?
Well, the long term that's probably where the lightning network is going, Particularly, because as anyone who runs their nodes
seriously will tell you running a lightning node manually is very time-consuming. And during the first time, I set up my node, I was
spending dozens of hours every week, learning about the lightning network, researching the best channels to open
scrolling via logs of failed HTLCs, Adjusting prices, and opening and closing channels.
Fortunately, over time the tools available in the lightning node operators have become increasingly sophisticated.
seriously will tell you running a lightning node manually is very time-consuming. And during the first time, I set up my node, I was
spending dozens of hours every week, learning about the lightning network, researching the best channels to open
scrolling via logs of failed HTLCs, Adjusting prices, and opening and closing channels.
Fortunately, over time the tools available in the lightning node operators have become increasingly sophisticated.
You can do a submarine-swap to add online sats to an existing channel? Can you explain a little bit more on that? Seems handy! I was in the same situation for a couple of months with aroun 200k sats sitting there doing nothing!
Yes, precisely. In a submarine swap (basically a special type of atomic swap), you never give up custody of funds; instead, a special Bitcoin script allows the service to claim your on-chain funds only through paying your LN invoice.It is explained very nicely here: https://medium.com/boltzhq/submarine-swaps-c509ce0fb1db
I'd recommend to use the boltz service, and they also have a dedicated onion version of their website linked on the top right.
Yes, I know how Submarine Swaps work. I just couldn't understand how would those work for the purpose you mentioned, I guess.
I know Boltz. I tried it once, at least, just for the sake of experience! And I think I also did a small tutorial about Submarine-Swaps and posted it somewhere in this forum, but I guess it didn't get too much attention!
In that regard; do you calculate capacity as just your own LN balance or total inbound + total outbound?
The 0.4 mentioned are total inbound + outbound.
I would also like to suggest to people to come up with a simple way of showing the fees you all hhave on your channels, if it is doable. Small nodes should be easy to do it.
Something like an excel sheet where we use columns for channel size, base_fee and ppm. I think no need to include channel IDs. What you guys think?
Edited;
My early reports
2020
2021
2022
Something like an excel sheet where we use columns for channel size, base_fee and ppm. I think no need to include channel IDs. What you guys think?
Edited;
My early reports
2020
2021
2022
Lightning seems to pick up steam, at least since December I see an noteable uptick in routing events that I can't pinpoint to any new channel or whatsoever..
I have my node since Sep 2021, since about a year the capacity is ~0.4 BTC.
These are my routing stats for 2022:
I have my node since Sep 2021, since about a year the capacity is ~0.4 BTC.
These are my routing stats for 2022:
Yearly stats are a good idea! Mine look like this. I've only had this node since February and with much less capacity, though.
In that regard; do you calculate capacity as just your own LN balance or total inbound + total outbound?
Lightning seems to pick up steam, at least since December I see an noteable uptick in routing events that I can't pinpoint to any new channel or whatsoever..
I have my node since Sep 2021, since about a year the capacity is ~0.4 BTC.
These are my routing stats for 2022:
These are for the first days of January 2023:
And to put that into context, my total stats since Sep 2021 are:
I am curious how this continues to unfold.
I have my node since Sep 2021, since about a year the capacity is ~0.4 BTC.
These are my routing stats for 2022:
These are for the first days of January 2023:
And to put that into context, my total stats since Sep 2021 are:
Quote
Total: 4,605.266 Sats
Transactions: 625
Transactions: 625
I am curious how this continues to unfold.
First iteration, so keen to hear feedback what other numbers & stats might be of interest.
It would be great to see more routing related statistics like: number of routed transactions and average (routed) payment size. How do you adjust your fees? Manually or using some plugin?
1) Noted!
Will get it forwarded to our team and see what can be done about it
2) Currently all adjustments are made manually (done usually about once per day in average)
Later on as additional scale might come in, we might look to automate it further - but most likely via some (at least initially) crude "home-cooked" algos based on our observations.
You guys change fees on a daily basis?
Yep
That said, we usually only change the fees on channels which get "out-of-balance" one way or the other.
In average (no hard numbers, just "guesstimation") likely about 90%ish of channels keep the fees they had the day before.
You can do a submarine-swap to add online sats to an existing channel? Can you explain a little bit more on that? Seems handy! I was in the same situation for a couple of months with aroun 200k sats sitting there doing nothing!
Yes, precisely. In a submarine swap (basically a special type of atomic swap), you never give up custody of funds; instead, a special Bitcoin script allows the service to claim your on-chain funds only through paying your LN invoice.It is explained very nicely here: https://medium.com/boltzhq/submarine-swaps-c509ce0fb1db
I'd recommend to use the boltz service, and they also have a dedicated onion version of their website linked on the top right.
I think I had my best month in terms of total fees collected, in December! Did no changes, balancing or anything, but it was pretty balanced already. Someone closed a channel so I have 300kSat in the on-chain wallet and unsure what to do with such small amount. Worth opening a channel with it or maybe just submarine-swap it into an existing channel?
Nice job.
You can do a submarine-swap to add online sats to an existing channel? Can you explain a little bit more on that? Seems handy! I was in the same situation for a couple of months with aroun 200k sats sitting there doing nothing!
I think I had my best month in terms of total fees collected, in December! Did no changes, balancing or anything, but it was pretty balanced already. Someone closed a channel so I have 300kSat in the on-chain wallet and unsure what to do with such small amount. Worth opening a channel with it or maybe just submarine-swap it into an existing channel?
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