Translated Topic in Pidgin Language; LoyceV's 0.1 sat/vbyte Electrum Server Adventure
Original Topic: LoyceV's 0.1 sat/vbyte Electrum Server Adventure
Author: LoyceV


I'm currently installing my very first Electrum server, and figured I'd start a topic to keep track of my progress.

Medusah's post 4 weeks ago dem point out say plenty people wey dey use Bitcoin don lower their minimum transaction fee from 1 to 0.1 sat/vbyte. But unfortunately, Electrum no dey allow d users set fee smaller than wettin d connected Electrum server's minimum, wic make am difficult nd confusing 2 use d smaller fees.
My goal na to create d first Electrum servers wey go dey allow dis. I fit or I may no fit run am 4 long-term, bcos by d time wey other people join 4 d cheaper fees I fit stop am bcos e dey take plenty plenty disk space.
Make u know say some miners still like empty blocks pass lower fees. Use mempool.space to see how dem dey add ur transaction. If him take too long to confirm: u go just change am 2 an Electrum server wey no dey accept low-fee transactions, nd go create a new transaction wey get higher fee.

The VPS wey I dey use now get 32 GB RAM, nd e get enough NVMe storage 4 everything except for Bitcoin Core's blocks directory. Dat directory dey 4 much slower network storage. I suppose see how e dey take work 4 dis hardware.
I con find out say dey get plenty different ways wey Electrum server can be built.  ABCbits's post made me choose Fulcrum.

Progress so far (summarized):

• Create user "electrum"
• Start and sync Bitcoin Core:

• Start Fulcrum:

• Current status:

• Syncing got slower and slower, so I followed Cricktor's post and added caching:

• After u don build it's database, edit Fulcrum's quickconfig.conf with hostname and IP-address for Electrum to connect to.
  Use instructions from https://github.com/christroutner/docker-fulcrum to create a SSL certificate
• ~/Fulcrum-1.12.0-x86_64-linux/Fulcrum quickconfig.conf
  Server is running: electrum.loyce.club:50002
  Minimum relay fee reduced to 0.1 sat/vbyte by restarting Bitcoin Core with adjusted options (see above).

How u go fit use am
Electrum settings
Connect Electrum 2 a server wey dey allows lower fees, like electrum.loyce.club:50002

"Teach" your Electrum to sign transactions with less that 1 sat/vbyte:
Or automate it on startup:
Make u know say: dis go allow u 2 create transactions wey dey pay less than 0.1 sat/vbyte fee, but at the moment no mining pool go accept those.

Dey go control am to prevent 419.
And u fit talk anything wey u can.