10 sats \ 2 replies \ @fiatbad 19 Apr \ on: Introducing Lightning Payouts - Braiins Pool - In Production (out of Beta) bitcoin
This is really good news.
I mine with Braiins because they are BITCOIN ONLY. I boycott any company who allows altcoins on their platforms. I really want to move to Ocean, but I also really like Braiins. I hate having to choose.
On a different note, I'm VERY curious how Braiins is managing their channel liquidity. I assume 99% of their transactions will be leaving their platform, due to the nature of their business. Everyone withdraws their mining rewards. Are they constantly having to loop-in to add liquidity? Do they just open one massive channel to a node such as OpenNode and just let it slowly drain and open a new one when it does?
I'm super curious about the economics of this. How are they implementing it without losing money?
How are they implementing it without losing money?
Are on chain transactions fees coming out of the rewards now?
If so they might just keep doing this to cover liquidity cost.
They also could start opening channel in the blocks they mine. To save on channel open cost.
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Yea, it seems like there are dozens of potential ways to do it, and most of them will still be cheaper than on-chain was.
I wonder if this is part of the reason they moved to FPPS for rewards. Allows them to take out the fees more conspicuously.
But overall, total fees should be much lower for all parties involved, and that's what matters.
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