Automating Lightning: Channel Opening, Rebalancing & Routing
489 sats \ 10 comments \ @tosky 28 Nov 2022 bitcoin
Is it too much to ask for a solution that combines LNDg, Loop Ins/Outs, Multiple Channel Openings at the same time and automatically manages your node?
As a sovereign node operator, I would love to deposit let's say 1BTC into a native segwit adress, see it open bunch of channels (f.e. 21 channels with balance of ~5,000,000 sats each) that will be useful to me and rebalance automatically with the data it can already infuse based on previous performance and also constantly reiterate upon the coming data?
Is someone trying to run this as a service? Suppose Voltage is more for infra solutions.
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22 sats \ 1 reply \ @DarthCoin 28 Nov 2022
Before starting something like this, please read more. Here I wrote some guides that should be taken in consideration and please pay attention to the details:
And a special one with all kind of documentation and LN links, here: ⚡️ Lightning Network is awesome ⚡️
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0 sats \ 0 replies \ @tosky OP 29 Nov 2022
Thanks for the heads up, Darth. Really enjoyed reading through your experiments but I am unsure if it addresses the software request I am hoping to see.
Product that ensures certain stability of your channels, capacity to always succeed in payments and even some routing fees for operation. Reckon I am asking for something that is used by handful of folks in closed source fashion but having it as a product and paying for it a small sats fee would be amazing.
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30 sats \ 1 reply \ @036c1b60f7 29 Nov 2022
This is an extremely hard problem to solve tbh, since gossip is forever changing/influx (liquidity and movement of it is never static, nor are network fees), and to find the most highly profitable channels you need to find the gab between two groupings of the network nobody else has found. Also, you have to keep in mind closing/opening fees, how the liquidity is moving across the channels, not to mention the fact privacy is import so very few have a solid picture of liquidity flows across the network, only those running really large nodes or many highly connected nodes have an okay real time picture. Sophisticated analysis is required to create an algorithm that makes this profitable for many people using the same tools. People are working on this, or at least trying to solve the preliminary problems required at attempting a solid solution. What may seem simple from the outside has layers and layers of hidden complexity to get a solution that works and is scalable and profitable (or at least breakeven). There is certainly a need for this product, but it’s not easy is all.
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0 sats \ 0 replies \ @tosky OP 29 Nov 2022
you are reading my mind sir - was aware it is not simple to construct and lot of bright minds are trying to address. suppose some are already running a system capable of performing these things in a closed source environments. just wanted to give a heads up that it would be something worth paying subscription for if it can ensure that very little payments fail and liquidity is moving whilst the overall network benefits from this application
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10 sats \ 1 reply \ @jeff 29 Nov 2022
I want this for two reasons / use-cases.
1- I want to run an app, but focus on the business logic of my app, not worry about channels. I want cheap channels in and out, to give my users a good experience. I'm fine to subsidize the cost to run it, because my business generates a yield, so the channels are just a cost item on my income statement.
2 - I am a rational. I want to run a node, allocate capital to it, and generate money on the fees, but don't have the time. I'm fine if it's not optimal, I just want the yield to be good enough to justify the hosting cost, cause I'm already sitting on the BTC anyway.
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0 sats \ 0 replies \ @tosky OP 29 Nov 2022
  1. if it also benefits the network as a whole, then the time is worth it
  2. dont expect to yield a material profit but ensuring things settle without issues and I am supporting the activity across network and success for other payments, then am good with it
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1 sat \ 1 reply \ @k00b 28 Nov 2022
I don't think this exists yet. This solution is kind of in the middle class of technicality - you're sophisticated enough to run a node, but it's high effort so looking to make it easier.
Most products seem to be aimed at the extremes of technicality - noob or expert - right now.
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0 sats \ 0 replies \ @tosky OP 29 Nov 2022
100% - but I consider lndG being quite decent at fee estimation and there are some other products now trying to automate channel opens or loop out. such a pickle
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0 sats \ 1 reply \ @random_ 29 Nov 2022
How much would that program be worth to you?
Post a commission in the job page ;)
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0 sats \ 0 replies \ @tosky OP 29 Nov 2022
haha fair enough - dont have the resources but would be willing to provide % from activity or recurrent payment
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