Rath_ (OP)
aka BitCryptex
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Merit: 3131
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January 06, 2023, 01:48:34 PM |
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Here are the stats for December. My node has routed a total of 8 transactions, 6 of which were free of charge. My node was down for almost three weeks that month. I will do my best to find more time this year to manage my node.
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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BitcoinVN_official
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Activity: 89
Merit: 17
Vietnam's Premier Bitcoin Exchange
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We have recently launched our dedicated stats page for our Lightning Routing Node (likely one of the largest over here in South East Asia) ln.bitcoinvn.ioFirst iteration, so keen to hear feedback what other numbers & stats might be of interest. (Our services currently allow for no KYC cashout into any Vietnamese bank account, we've also on the roadmap in the latter half of '23 to get our fleet of Bitcoin ATM's in Vietnam ready to use via Lightning (currently only on-chain which can make the sale process quite slow at times ) )
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Rath_ (OP)
aka BitCryptex
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Activity: 1876
Merit: 3131
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January 06, 2023, 03:07:29 PM |
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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?
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BitcoinVN_official
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Activity: 89
Merit: 17
Vietnam's Premier Bitcoin Exchange
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January 07, 2023, 04:14:41 AM Merited by JayJuanGee (1) |
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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.
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darkv0rt3x
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January 07, 2023, 09:35:42 PM Merited by JayJuanGee (1) |
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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? BTW, these where the forward payments for November. 7 events and 6 of them were completely free of charge. No fee_base nor ppm. I forgot the ppm. In December, for "punishement" for being too kind to the network, I made no forwards whatsoever! :| Furthermore, I spent around 1200 sats rebalancing a new channel I opened to one of Bitrefill nodes. Also, there was someone from Reddit, kind enough to open a 2.5M sats channel to my node just because I asked him to dod so, so that my node would be globally balanced! Thanks reddit user!
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Bitcoin is energy. Bitcoin is freedom I rather die on my feet than living on my knees!
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n0nce
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January 07, 2023, 11:18:41 PM |
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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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darkv0rt3x
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January 07, 2023, 11:58:33 PM |
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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!
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Bitcoin is energy. Bitcoin is freedom I rather die on my feet than living on my knees!
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n0nce
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January 08, 2023, 12:07:02 AM Merited by JayJuanGee (1) |
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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.
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BitcoinVN_official
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Activity: 89
Merit: 17
Vietnam's Premier Bitcoin Exchange
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January 08, 2023, 04:05:04 PM |
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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.
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psycodad
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精神分析的爸
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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: Total: 4,605.266 Sats Transactions: 625 I am curious how this continues to unfold.
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n0nce
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January 08, 2023, 06:02:12 PM |
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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: 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?
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darkv0rt3x
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January 08, 2023, 07:22:27 PM Last edit: January 08, 2023, 09:09:44 PM by darkv0rt3x |
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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
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Bitcoin is energy. Bitcoin is freedom I rather die on my feet than living on my knees!
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psycodad
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Merit: 1570
精神分析的爸
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January 08, 2023, 08:52:13 PM |
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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.
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darkv0rt3x
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January 08, 2023, 09:13:43 PM |
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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!
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Bitcoin is energy. Bitcoin is freedom I rather die on my feet than living on my knees!
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gunhell16
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January 09, 2023, 11:35:36 AM |
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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.
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n0nce
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January 09, 2023, 06:51:09 PM Merited by darkv0rt3x (2) |
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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.
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darkv0rt3x
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January 10, 2023, 09:17:17 PM |
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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. 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?
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Bitcoin is energy. Bitcoin is freedom I rather die on my feet than living on my knees!
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Rath_ (OP)
aka BitCryptex
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Merit: 3131
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Core-Lightning v23.02 has just been released. There are two things worth pointing out: 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
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.
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WZBcoin
Copper Member
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Activity: 33
Merit: 27
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March 04, 2023, 12:23:01 AM Merited by JayJuanGee (1) |
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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…
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n0nce
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March 04, 2023, 06:16:14 PM Merited by JayJuanGee (1) |
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~
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.
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