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Congratulations Real Madrid for winning Champions League.
Not my favorite team, but well deserved. Hats off.
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What's up WO.
It's been a while, how's everyone doing?
I see ChartBuddy is still spamming the thread -- I'm team NoBuddy.
If anyone is interested, I'm going to share my lightning stats for the past month.
At the moment, my node has a total capacity of 14 btc and routed 44 btc over the past 30 days. The profit last month was 0.0035 btc.
It ain't much but it's honest work.
See you at the moon guys
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Lol at the fees: 100 - 3,604,819 sat/vB
Happy halving everyone!!!!
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Since we are counting btc price by Bitstamp and it is in Europe, then, officially, halving would be on 4/20-this is historic!  . Besides, both UK and Central Europe plus Asia, Australia, etc are already in 4/20. Congrats! Bitcoin is international, not regional, so we use international time (UTC). 4 blocks, 12 minutes to go (UTC). This will most certainly happen on 4/20 |
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7 blocks to go, I'm excited! I'm expecting the mining fee of the halving block to be out of the ordinary, apparently some seem them as rare sats. It's 4/20 here in Europe already. Happy 420. |
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I traveled to see a total eclipse once, from my vacations in Brittany to Portsmouth via ferry, in 1999.
Unfortunately the UK weather being what it is, even in summer, there was a total cloud cover. We saw everything darkening but no real night because of the clouds.
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great news, better late than never.
Yes, it's been 10 years of waiting. To be honest, I never though I'd see this day coming. nice you can buy some cheap corn
Unfortunately, most of this will go to the tax man. |
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I got my MtGox fiat payment earlier this week.
I'm still waiting for what really matters, the btc payout. Nevertheless, this was a welcoming surprise.
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Is this the 10k god candle I was promised?
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I received this e-mail from Kraken today. Hello Xxx,
We have received notification from the Trustee that you have selected Kraken as your preferred exchange for receiving funds related to the Mt. Gox distribution. Thank you for choosing Kraken.
We are confirming that your account is in good standing at this time, and there is no further action to take at this time with Kraken. We have informed the Trustee accordingly. We will share further information as and when we receive it.
If you have any issues, our team of specialists are available to help 24/7 via live chat, phone or email by submitting a support ticket. Please mention Mt.Gox for priority handling.
Thank you for choosing Kraken.
The Kraken Team I'm not holding my breath, but the btc pay-out might actually happen sooner rather than later. |
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I’m also firmly against sell ladders. It’s beyond obvious at this point that Bitcoin moves in a 4-year cycle. I don’t think there’s many people left that deny this. There’s never been an easier asset to trade (and I don’t trade it). You just buy in early 2011, 2015, 2019, 2023, 2027; and you sell in late 2013, 2017, 2021, 2025, 2029… Do this and you’ll make a fortune. You could also just DCA until you want to cash out. Setting up sell ladders though… In what world or with what backtesting has this been considered a good idea?
That kind of sound like a buy/sell ladder too though, just that your example is time dependable rather than price... I get what you mean though. However, setting up a sell ladder might not be too bad of an idea. Let's say you predict the price to reach a certain number, a sell ladder around that number could make sense. Each to their own I guess. |
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Seems the chain spammers have finally run out of money, or I guess achieved their goals. Just to remind everybody again, the solution to high fees, is high fees.  I never really cared about the mempool fees until I started to running a lightning node. Now I keep a tab open at all times to monitor the mempool when I'm using the computer. January was quite a rough month, considering the mempool fees. I had two channels force closed, costing me roughly 200k sats. |
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I know I've said it before, but as a creditor myself I have no plan to sell any coins once I get them.
however i will dump the bcash_lol pretty much instantly Of course, that goes without saying  |
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In my opinion, the distribution of the MtGox coins will be a nothingburger.
There are 140k btc to be distributed among like 40k creditors. Thinking all those creditors will immediately sell all their coins is just silly. Some will, some won't, but definitely not all.
Unlike OgNasty, who thinks all of them will be sold immediately, let's make an assumption that half of them will hit the market in the near future. Let's also make the assumption that they will evenly get sold during the span of a month. That's 2.2k (65k/30) coins per day. 2.2k btc per day is nothing. For reference, the net inflow yesterday for the btc ETF's was 10k btc.
I know I've said it before, but as a creditor myself I have no plan to sell any coins once I get them.
Selling anything right now would just be silly, we are in the beginning of a bull market ffs.
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Today it's approximately 69:04:20 (dd:hh:mm) until the next halving.
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Just in case somebody interested in guessing an airport? Tea price around 1.2$ which is a bit high according to me. How much is price you find at airports?  Photo credit: WatCheIslamabad international Airport? Airport prices are ridiculous. I don't know about tea, but a beer in my country's largest airport is like $14 or so. |
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Happy new year frens! 2024 is going to be great.
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 Well for me we are gonna see a start of a drip right now, but for a good thing, the Mxgox is starting to make payments to the creditors, so good for them and also for us because we start to expell one X from the equation (the weight of mxgox fund) . The fact they are paying in FIAT implies we are gonna see some sells to make that happen, so be ready for that. INFOThe repayment consist of both a fiat and a btc claim. For the fiat claim, you could either chose a bank account, or your PayPal account. Only those who chose PayPal have gotten part of their fiat claim paid today. No one has received their btc claim yet, so any price movement has nothing to do with today's fiat repayment. It remains to be seen what the mtgox folks are going to do with their coins. Right now I think I'll probably cash mine out and buy a Tesla Cybertruck with the funds. I imagine many others will probably feel the same way. I always considered those coins lost, so having them back will probably result in me cashing out immediately in order to have additional cash. It wouldn't surprise me if a large majority of those coins are sold for similar reasons. Whether you stayed in Bitcoin and went on to stack, or you got out of Bitcoin, I'd imagine you'll be happy to get back dollars and not coins. Everyone's circumstance is of course different, but that's my thinking on it.
I also considered those coins lost for a very long time, but I sure won't sell any once I finally receive them. |
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While we wait for the "tearing down of the 48K wall".... here is an update of my LN Node....
While I wasn't able to push my LN node above 1,000,000,000 Sats (10BTC). Came very close, at one stage hitting 924,288,114 Sats. Currently sitting at 912,288,113 sat. Still have 2-3 BTC to throw at it... But was caught out by this mempool...
Finally had a full month to analysis the impact of doubling the capacity of my LN Node...
Current Capacity: 912,288,113 sat
Current Channel Count: 156
November Routing Stats
Number of Transaction: 7,298
Total Amount Routed: 1,042,341,115 Sats (10.42BTC)
Total Fees Collected: 25,094 Sats
Channel Opening Cost: Lots
Channel Closing Cost: Too Much!!! (one forced close cost me about 38,000 Sats)
September Routing Stats (Before Push)
Number of Transaction: 4,114
Total Amount Routed: 631,392,125 Sats (6.31BTC)
Total Fees Collected: 25,094 Sats
This month is looking busy.... averaging 320 transactions and 1,200 Sats collected a day
NOTE: lnd doesn't do RBF, but CPFP, which is a form for fee bumping... was able to use it to confirm the old transactions that were stuck for months. Downside, lnd will not initiate the channels after a certain period of time (14 Days). Channel needs to be forced closed, it will automatically assign a fee that will include it in the next few blocks, resulting in much higher fees per vByte.
Still not profitable (again, this was never meant to be a way to accumulate more Bitcoins), still more to do, still need to weed out some channels that are stagnant, but very hard to do anything with mempool being this congested! Well not hard, just expensive!
Thanks for sharing! I'm also running a LN node (goblin-no.de), and we have a channel together. My node is turning 1 year next month, but including the time of my old node, I've been running a LN node for 18+ months now. I believe you are selling your inbound too cheap. I have a dynamic fee structure, so if the sats is all on my side, I have a low fee, and if it's all remote, the fees are high (all automatically handled of course). I also try to re-balance my sink channels (normally public channels such as Bitfinex, Kraken, Nicehash etc) so i can be a reliable routing node. My node has a total capacity of ~16 BTC with 103 channels. So I have less channels than you, but girther ones I guess. I'm well in profit by now, and the hardware investment has finally payed off due to the recent rise in BTC/USD. My last 30 days P%L is as follows (including fees for force-closed channels)  323k sats in profit over the last month is OK I guess. |
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What's up WO folks. I haven't frequent this corner of the internet for quite some time. The spamming of ChartBuddy sure doesn't help. He need to shut up... I fricking did it though, amboss.space rank my lightning node as #1  The node has a total capacity of ~17 BTC, and is routing on average 0.5 BTC per day. Happy routing! What kind of earning do you get with that size? And how much of your coin stays in the pot? I am curious 👀 because I want to get an ides how easy it will be for bitcoin to scale rewards down the road. The earnings are ridiculously low, considering the btc I stake. I did try to maximize my earnings for a while. By that, I provided liquidity to the LOOP channel, which provides a lightning/on-chain swap service at a very favorable fee for the node who open to them. In order to do that, I constantly have to open a channel with LOOP, since they close the channel once it's drained on their side. This activity would quickly make me run out of inbound liquidity unless I can get lightning to on-chain btc at a cheaper price than LOOP. For that I used Nicehash and Kraken. The increased activity with Kraken got me audited though. They questioned me about the source of funds, even though I've been a customer of theirs for close to a decade. During this time, my earnings was close to 300k sats ($80) per month. Now, after I've stopped this aggressive channel opening with LOOP, it's closer to 100k sats ($27) per month. 6-8 months more at this rate and my hardware investment will pay off. My node is fairly balanced, so out of the 17 BTC capacity it has, 8 BTC or so is provided by me. So, like I said, the earnings are ridiculously low. It's self-hosted though. I don't need to trust my funds with any 3rd part. |
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