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0 sats \ 1 reply \ @NEEDcreations OP 23 Oct \ parent \ on: Lightning Node channel size lightning
At $10K Bitcoin, if I have a 1M sat channel I can route 10 $10 txs and earn fees on those 10 txs.
At $100K Bitcoin, if I have a 1M sat channel I can route 100 $10 txns and earn fees on those 100 txns.
So, in this example I'd earn 10x more in fees when Bitcoin is 10x the price.
What am I not understanding?
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0 sats \ 0 replies \ @d01abcb3eb 23 Oct
1 sat = 1 sat! :D The fees are in ppm. So, for an 1M channel you get (1e6 * f_ppm + n * f_base) in fees (ish - excluding reserves etc.), regardless of the fiat price of bitcoin (n is the tx count). If f_base is zero then the count of transactions doesn't matter unless you're on an edge and can do rounding to your benefit. So, you earn more in fiat terms but not in sat terms.
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