Hey guys
How many sATs/channels I need
running an lightning node for :
1. Just playing around and learning
2. Want to earn money
#asknostr #node
Login to reply
Replies (11)
You can open small channels. I recommend at least 1,000,000 satoshi but some people do as small as 500,000
Typically more channels is better and you need a balance of incoming and outgoing capacity in your channels in order to route transactions
Which software/hardware u use or is there a special rec. For Newbs
Well first you need either a Lightning Service Provider or a lightning node.
A service provider runs a node for you essentially so the bitcoin won't be in self-custody. The trade-off is that it is easier for new people. I recommend #Zeus.
If you want your own node to have self-custody, but are not comfortable with setting it up, you can purchase a service and hardware from companies like #Start9 and #Umbrel. They build servers that are geared towards people who aren't technical. You can easily install a lightning node as simply as installing an app on your phone with them. They package software that can help you manage the node as well.
This isn’t true. A Lightning Service Provider typically provides you with a Lightning channel. It’s still self-custodial.
1. 1,000,000 sat channel is what i’ve seen now for playing/learning
2. it takes a lot of bitcoin to make a small return and there are multiple ways to actually lose large amounts too (so the risk/reward is not good for most people). see this note for example: nostr:note1nyptgpeg6wk99wy4vqk9qa22mxwhesge6496kwkxzd8l0thcq99qc50uan
nostr:npub1aghreq2dpz3h3799hrawev5gf5zc2kt4ch9ykhp9utt0jd3gdu2qtlmhct is pretty good for noobs
Thnx for ur tips
I'm thinking about raspberry blitz with RTL in an docker but it's not final in my mind
Moreover I found 2 good sites for calculation:
https://ccalculators.co.uk/lightning-node-profit-calculator/
https://www.athena-alpha.com/lightning-node-profitability/
My mistake
What would be the right term, non-custodial lightning wallet?
Self-custodial and non-custodial can be used interchangeably but we prefer the former