Why Nostr? What is Njump?
2023-09-17 19:07:22
in reply to

Coco_Ardo⚡🏰 ♻️🏳️‍🌈 on Nostr: I wouldn't open channels below 1.000.000sats. Its just too expensiv. Bigger is ...

I wouldn't open channels below 1.000.000sats. Its just too expensiv. Bigger is better.

Having more channels will increase the chance to succesfully route a payment and reduce the risk of having to rely on only 1 or 2 peers. So 9x1million channels is the best with your 6million I would say.

But it depends on how you wanna use it. I assume you dont want a routing node. And I guess you spend more than you expect to recieve.

Open 6x channels with each 1m with batching to reduce the fee. Do a submarineswap to move 500k out of each channel back too your onchain adress and open another 3x channels. You can recieve 1,5M and send 6M now.

In case your expectet spend/recieve ratio is diffrent swap out more or less too open more channels.

You could instead also open balanced channels straight away but that requires some coordination with the other node in LND. If use core lightning its easier.

Inform yourself beforehand about the terms and conditions of certain big nodes.
Some might close inactive channels after a certain time others might drain your side completly. I believe it was on amboss where people rate nodes weither they pull or push sats.

I'd say don't rely to much on channels from lightningnetwork+. Must users there are beginners. Their nodes may become inactiv and there routing quality is overall pretty bad. It makes you trouble. Its nice too support them once you have established own good connections.

Too keep it simple I recommend medium too big nodes too open channels too.
Lightning Terminal has a good channel peer recommandation. They also guide you on how you could increase the perfprmance of your node.
https://terminal.lightning.engineering/

To get some more informations check out:
[Hide&Seek Data --> Lightning] and also [Applications --> Stuff for running Lightning]:
https://bitcoin-overview.vercel.app/pages/Usage.html#1
Author Public Key
npub1cj9xlvy6qd2ck8k02qw79nsf4jf4hslu94e77k6evdl8t0xa7f2syga2tw