Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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!
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!
Thanks for sharing!
I'm also running a LN node (goblin-no.de), and we have a channel together. My node is turning 1 year next month, but including the time of my old node, I've been running a LN node for 18+ months now.
I believe you are selling your inbound too cheap. I have a dynamic fee structure, so if the sats is all on my side, I have a low fee, and if it's all remote, the fees are high (all automatically handled of course). I also try to re-balance my sink channels (normally public channels such as Bitfinex, Kraken, Nicehash etc) so i can be a reliable routing node.
My node has a total capacity of ~16 BTC with 103 channels. So I have less channels than you, but girther ones I guess.
I'm well in profit by now, and the hardware investment has finally payed off due to the recent rise in BTC/USD.
My last 30 days P%L is as follows (including fees for force-closed channels)
323k sats in profit over the last month is OK I guess.
I didn't realise that was your node. I thought you would have come back as Krubster....
You are right, I have lowered my fees significantly, my thoughts was as long as i made enough to pay for the opening and closing, I am happy. I do have higher fees on those channels who generally only goes one way... BFX/Kraken/LNBig etc... but again, not as high as it should/could be....
I have also targeted nodes who are slightly below me and hopefully with many different connected peerss to extend my reach... hence smaller channels, more nodes. Might be bad choice in the long run as some have been idle for months on end, some haven't been online either... hence the cleanup on isle 8 needed!
I'll think about it more and after the mempool clears, decide which way to take it... ie, Throw another 5-10BTC and go for profit and make @philipma1957 jealous, or stay the course and complain every now and then!...
Also, it is great to see your LN Node is thriving! Your LN node would be in the Top 100 for capacity for sure! Awesome Stuff!
if you don't mind sharing, I like to know what have you learnt running your own LN Node!... What have been some of your challenges and how did you solve it!