pull down to refresh

0 sats \ 2 replies \ @einherjer OP 18 Oct 2024 \ on: What am I missing here for Phonenixd... Should be basic stuff! lightning

Maybe I misunderstand this from the daemion log: autoLiquidity: 2000000 sat

Is this simply a setting only?

The way I read it initially I'd think its an actual channel, but that is probably not set up yet?

This is the documentation that is on the website, I guess that points to the channel being created automatically once is past 30k:

Continuous stream of tiny 100 sat incoming payments
the first 299 incoming payments will be added to your fee credit
when receiving the 300th payment, your credit reaches 30k sat and will immediately be used to create a 2m sat channel, with balance 0 sat on your side
the next 20 thousand payments will be received in your channel and added to your balance, which ends up at 2m sat
back to 1.

Is this different from the GUI version? I think I remember receiving well under 30k?

Could be something up with my install of course, that blocks both test invoices from SN as well as paying via the cli...

write
preview
110 sats \ 1 reply \ @ek 18 Oct 2024

Yes, phoenixd is different than Phoenix here. Phoenix does not use fee credits like phoenixd. This means phoenixd only opens a channel after you received 30k whereas Phoenix would open a channel immediately.

This is also mentioned in the section about auto liquidity which you quoted.

reply
0 sats \ 0 replies \ @einherjer OP 18 Oct 2024

Ah, I see... I kinda guessed that by now, but it would be a good thing if it could be mentioned early on in the documentation, I'll always manage but other new users might not get it, I'd think.

Also, if setting auto-liquidity lower initially will it then be possible to get a channel going for lower than 30k?

Been trying to find out if there is a minimum in general for Lightning, but its not very clear...

Of course I get it that they'll have to do this in order to provide a service, so no problem if the 30k is a set limit :-)

reply