Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
BobLawblaw
on 28/01/2019, 13:03:48 UTC
⭐ Merited by RealMachasm (1)
Running a lightning node on a raspberry pi for kicks.
Using LND.
How the hell do I set the fee??
I have no idea what the default fee setting is or where to alter it?
Any pointers?

in your ~/.lnd/lnd.conf file, set the following stuff.

Code:
[Bitcoin]
bitcoin.active=1
bitcoin.basefee=0
bitcoin.timelockdelta=24 (Or whatever lock time you prefer)
bitcoin.feerate=0

then, use

Code:
lncli updatechanpolicy --base_fee_msat 0 --fee_rate 0 --time_lock_delta 24 (or again, whatever you prefer for lock time)

...to update any of your existing channels to be free.

I don't advise doing this, however. You are losing Bitcoin, by at least not attempting to pay yourself back for your channel-open fees when check-pointed on the blockchain.

EDIT: I'm a moron. I read that as "running it on a raspi. How do I set it FOR FREE." I really need coffee...