Post
Topic
Board Electrum
Re: Electrum Lightning problem, fee rant!
by
LoyceV
on 11/05/2023, 16:40:08 UTC
There was force close option, and close option, i picked the latter because it said that the fees are lower that way. Only to immediately find out that Electrum placed a fee of 507 sats/byte which was around 20€... I immediately looked onto mempool, and saw that all blocks (new and past blocks) are around 40 sats/byte.
This is one of the reasons I stopped creating my own LN channels and now use either Phoenix Wallet or custodial LN (for small amounts). I don't like the unpredictable fees, and I don't like that I (as a wallet user, not as a node owner) have no say in it.