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FWIW, changed my lnd.conf to leave feerate at the default of 1, and am instead playing with the "base_fee_msat" (bitcoin.basefee) value.
The explorer at 1ML.com does not properly display feerates below 1 (0.9 turns into 900,000 mil sat), so I think I screwed something up there or maybe they are screwed up ? Whatever. I don't know.
Anyway, adjusted existing channels to;
$lncli updatechanpolicy --base_fee_msat 950 --fee_rate 0.000001 --time_lock_delta 144
Frustrating that fee_rate is treated differently on the command line vs lnd.conf.
The default feerate is 1 in the config, and gets translated to 0.000001 somehow when the channel is opened.
Not sure what's going on there, but so far, I have made 2 satoshis in fees !
"day_fee_sum": "2",
"week_fee_sum": "2",
"month_fee_sum": "2"
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Using the official lnd / lncli from Github. Anyone screw around with fees ? For example, the defaults are base_fee_msat 1000 and fee_rate of 1 $lncli updatechanpolicy --base_fee_msat 1000 --fee_rate 0.9I suck at this math thing, but I'm thinking changing the fee rate from 1 to 0.9 makes routing through me cheaper ? Or more expensive ? The fee rate used when forwarding payments on our channels. The total fee charged is basefee + (amount * feerate / 1000000), where amount is the forwarded amount. (default: 1)Got my lnd.conf set up like this at the moment for the Bitcoin config. I'll certainly report back after a month. So far haven't routed a single satoshi  [Bitcoin]
bitcoin.active=1
bitcoin.basefee=1000
bitcoin.feerate=0.9
bitcoin.minhtlc=1000
bitcoin.timelockdelta=144 |
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To how big nodes are you connected to?
I have a link channel established with ACINQ. Have a link established to essentially the top 10-15 nodes by routing connections. Let Autopilot manage the rest of the connections after connecting to the big ones manually. |
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"day_fee_sum": "0",
"week_fee_sum": "0",
"month_fee_sum": "0" I guess it's going to take some time getting established ? Feereport is zeroed after twenty four hours. Have opened over fifty decently funded channels. This is normal ? |
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You can find more detailed description here. Thanks. I read through that. All that was missing is "How do I set up a channel-factory ?" Is this something that is currently supported ? Anyone successfully set one up yet ? Where do I sign up ? Is this something we can screw around with here ? Sorry for the wall-of-questions. Getting back into this Bitcoin thing, and Lightning really does seem interesting to me. Got my node all working and stuff, so super happy about that. I read some post by the guy running shitcoin.com, setting up his node, and it got me super interested. https://medium.com/andreas-tries-blockchain/bitcoin-lightning-network-1-can-i-compile-and-run-a-node-cd3138c68c15 |
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But wait ... if you dumb asses stick with your fucking toy and instead of committing to improve things, just start 'flushing' your shits on the chain, we 'purists' would have trouble, genius.
So many 'legendary' titles dancing here with no clue ... just amazing.
Hey. Suck my Segwit-using dick, eh ? Fucking triangle. |
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My argument: Projecting scalability to second layer protocols, is cheap practice.
What the fuck are you talking about ? "Hurr durr let's all use telnet and raw-command all the things as a reasonable practice" Get your head out of your ass. Nobody is forcing you to use lightning. Use the main chain all you want, if you wish to remain a purist. |
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Does anyone know of a node that will open a channel with you for no cost?
How is it possible to open a channel with no cost ? I thought there was a cost to checkpoint the channel-open with the BTC blockchain. |
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Anyone mess around with Autopilot in lnd ?
Just dusting off some of my coins and trying out this Lightning Network thing.
I'm wondering if Autopilot is smart enough to know to shut down not-productive channels, and re-establish new ones after a while.
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THESE BITCOIN BLOCK TIMES ARE FREAKING KILLING ME.
AUUUUGGGGGHHHH !!!
How is anyone supposed to test the Lightning Network like this ?!???
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kek. Spicy ! Haven't come across this guy before. |
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Lulz. Meanwhile... on Twitter...  |
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This little dude has been getting a workout.  |
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Log into my Schwab account. Doing stuff and things. LOL @ this when using their search feature for something tax related.  |
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Well, it sure as shit isn't BCore either in the current state.  $43 dollar fees are NOT the future... you're the fool if you believe so. Want to talk about fees being so high ? Ask Roger and Jihan about that. Bitcoin is presently being attacked, and you are a fool for thinking this is Situation: Normal. Fuck off back to /r/btc where you belong. |
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This is amazing. You know a cryptocurrency is officially shit when even pirates won't use it. Fucking LOL. |
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Do you want to lose everything because bitcoin has failed as a payment system and now is going to hell ? HODL.
Dare I ask, what cryptocurrency are you all hot-and-bothered for, if not Bitcorn ? |
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Do you need the money right now ? Are you bullish long on Bitcoin ? Do you believe everything the mainstream media reports ? Need money right now ? SODL. Don't need money right now ? HODL. |
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Bah. $20k USD/BTC for Christmas would have been nice  That sea of red tho... |
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