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61 sats \ 12 replies \ @Coinsreporter 24 Sep \ parent \ on: How to Connect your LN node to SEND/RECEIVE sats to/from SN via NWC with AlbyHub lightning
And what if we don't run our own node and we use their node.
Or, which node we connect.
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.
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Thank you so much! 🙏
I'll most probably run my own node. It's not that difficult as I thought it to be. 😊
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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