Post
Topic
Board Speculation
Merits 11 from 7 users
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
hisslyness
on 09/12/2023, 03:49:35 UTC
⭐ Merited by philipma1957 (2) ,Krubster (2) ,vapourminer (2) ,JayJuanGee (2) ,Hueristic (1) ,xhomerx10 (1) ,nutildah (1)
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!