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0 sats \ 1 reply \ @TheBTCManual OP 3 Jan 2023 \ parent \ on: How To Rebalance A Lightning Channel bitcoin
I've been looking for stories and tips on rebalancing online and tools that might help novice nodes, apart from faraday I couldnt see much else and you're basically left on your own to make your mistakes.
I created a few channels very early on and purchased liquidity with thor and tried rebalancing with opening up a new channel lol horrible decisions wasted a bunch of sats.
I guess that's the price you pay for wanting to try things out early, I do home management tools like RTL improve and it helps the novice user with suggestions or plugging into data APIs that can manage it for you and charge a fee could help
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0 sats \ 0 replies \ @LowFeesBuddy 3 Jan 2023
I would say:
  1. Don't open only channels to top 20 / top 100 nodes whatever, most of them will just be drains.
  2. Open (and receive) a bunch of channels from plebs, these are friendish amateur nodes with low fees. For that the best is to create/join lightningnetwork.plus triangles. In a triangle, for each channel you open someone else opens one to you, so you double your capacity (compared to just opening to top channels). As you grow in capacity, you are eligible to join triangles with larger nodes. This is probably the main thing you should be doing till you reach 1 BTC capacity.
  3. Tools: - thunderhub - lndg (you will mainly use this). Use auto fees and auto pilot at the beginning. - regolancer
  4. Join plebnet on telegram, you'll find useful info there.
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