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0 sats \ 13 replies \ @ek 24 Sep \ parent \ on: How to Connect your LN node to SEND/RECEIVE sats to/from SN via NWC with AlbyHub lightning
They don’t and can’t since you run your own node
And what if we don't run our own node and we use their node.
Or, which node we connect.
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They don't provide a node, only LSPs but they are optional. The LSPs might charge a fee but you can open your own channels since you run your own node.
The only option without running your own node is to use a cashu mint and afaik, cashu mints don't charge you.
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is SN planning to implement ecash and run a SN mint?
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No, that would defeat the purpose of going non-custodial.
But we plan to implement NIP-60 which stores cashu token in nostr relays. Then you only need your nostr private keys to access your ecash.
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true, I did not think about that when writing.
we plan to implement NIP-60 which stores cashu token in nostr relays
Wow that will be amazing!
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Thanks 🙏
I asked it because I think a lot of Stackers who don't run their own node, might be irritated for every time they see minimum 1 sat deducted, even if they zap 1 0 or 20 sats to someone. Thanks about cashu, it may be a very good option with low amounts.
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And we require a big amount of sats for creating a node? Do we?
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You don't pay for "creating a node", you pay to open channels since it's a bitcoin transaction. The channel can be as big or low as you want, but it will determine how much you can spend and receive. Anything between 100k-1m channel should probably be fine. You can also use that channel to pay for other things.
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If I open a 1m channel, how much can be the fees?
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Onchain fees don't depend on the amount of sats but amount of bytes. Currently, onchain fees are low with 2 sats/vB:
vB means virtual bytes (a special unit for bitcoin transactions) and they calculate with an average transaction size of 140 vB. So you'd pay currently around 280 sats which is about $0.18 to open a channel.
In this case is pretty obvious, if you're using any other custodial service you'll be paying a fee. The more convenient I've found from this perspective is Coinos with a 0.1% that is 10x less compared with the 1% market standard.
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