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10 sats \ 3 replies \ @ek 24 Sep \ parent \ on: How to Connect your LN node to SEND/RECEIVE sats to/from SN via NWC with AlbyHub lightning
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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31 sats \ 2 replies \ @Coinsreporter 24 Sep
If I open a 1m channel, how much can be the fees?
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20 sats \ 1 reply \ @ek 24 Sep
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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93 sats \ 0 replies \ @Coinsreporter 24 Sep
Thank you so much! 🙏 I'll most probably run my own node. It's not that difficult as I thought it to be. 😊
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