Post
Topic
Board Development & Technical Discussion
Re: The Lightning Network FAQ
by
JayJuanGee
on 20/08/2022, 05:52:31 UTC
I've been meaning to do a larger write up of my experience once I hit 1M sats in fees.

I run the node Prince, https://1ml.com/node/02644f80b5d32ed9a9888690571159692a17d7ead7db2df5124a8e2a72a8447d30

I am currently ranked 8th on the BOS rankings (https://fulmo.org/bos-score.html) and 12th on lightning terminal rankings. I have 8-9 BTC on my node with about 110 channels (I have more incoming that outcoming liquidity, so that 8BTC is not my investment).

Top line numbers: Over the past 5 months have routed over 6700 payments worth over 1.7 billion sats earning me about 900k sats in routing fees; I've spent about 100k sats in on-chain fees and rebalancing fees. For those doing the math, that comes out to about 0.5% APR on my locked-up capital. Although my volume is steadily increasing and I may be able to get closer to 1% in the next year.

I have everything automated including fees and re-balancing.
-- I use lnd-charge for fees: https://github.com/accumulator/charge-lnd
-- I use c-otto's script for automatic re-balancing: https://c-otto.de/

Happy to answer more questions -- oh, and feel free to open a channel to me. The best way to get started is to open liquidity triangles with people (ie A->B; B->C; C->A). Happy to be a part of a couple here if there is interest. I do require a minimum of 5M sats for any incoming channels.

Nice first post in this thread Abul basar 365.  Hopefully some members who are more experienced with lighting network can have some back and forth with you in this thread to verify that your proclaimed activities are legitimate..   Just based on your having had provided links and made a decent write up, I was going to send more smerits, but then I saw that your first several posts on the forum relate to bounty hunting and I am disinclined to send smerits to members who are heavily involved in bounty hunting activities unless they also provide good substantively helpful posts in other parts of the forum.. so hopefully you will continue to contribute in order that some of the members here can have some interactions back and forth with you and I would like to see you verified that your bitcoin related activities are legit and the information that you are providing is helpful to other members.  

I would appreciate if any forum member experienced with lightning network matters could vet the information provided by Abul basar 365.

By the way, in regards to the BOS ranking score, it appears to me that the first 12 nodes are tied for 1st, or am I reading that wrong?  I do understand that the scoring and the rankings will regularly change, so I cannot see where you got 8th out of 12?  Another thing, I suppose you could say that you are 12th (like you seemed to have suggested), or you could say that you are merely amongst a group of 12 other nodes that are tied for 1st (with the same "highest" score)?