Fees - Revision history

MiltonPusser at 17:59, 11 September 2020

2020-09-11T17:59:08Z

← Older revision		Revision as of 17:59, 11 September 2020
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	= Setting a default policy (LND) =		= Setting a default policy (LND) =
	~~Set this in your lnd.conf in the Bitcoin section~~:		See https://lightningwiki.net/index.php/Channel_policy#Setting_a_default_policy_.28LND.29
	~~<pre>~~
	~~# The base fee in millisatoshi we will charge for forwarding payments on our channels (default: 1000)~~
	~~bitcoin~~.~~basefee=1000~~
	~~# The fee rate used when forwarding payments on our channels~~. ~~The total fee charged is basefee + (amount * feerate~~ / ~~1000000), where amount is the forwarded amount~~. ~~(default: 1)~~
	~~bitcoin~~.~~feerate=50~~
	~~</pre>~~

MiltonPusser: /* Setting a default policy (LND) */

2020-09-11T17:57:27Z

Setting a default policy (LND)

← Older revision		Revision as of 17:57, 11 September 2020
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	= Setting a default policy (LND) =		= Setting a default policy (LND) =
	Set this in your lnd.conf:		Set this in your lnd.conf in the Bitcoin section:
	<pre>		<pre>
	# The base fee in millisatoshi we will charge for forwarding payments on our channels (default: 1000)		# The base fee in millisatoshi we will charge for forwarding payments on our channels (default: 1000)

MiltonPusser at 17:55, 11 September 2020

2020-09-11T17:55:42Z

← Older revision		Revision as of 17:55, 11 September 2020
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	To avoid this issue what you want to do is sum all your channel local balances with the commit fees for only the channels you have opened. There is currently no easy way to tell if you opened a channel or not but there was just a PR in lnd for example to make this easier on developers. Right now the solution I am using is to infer whether or not I opened a channel by its sent, received, and local balance.		To avoid this issue what you want to do is sum all your channel local balances with the commit fees for only the channels you have opened. There is currently no easy way to tell if you opened a channel or not but there was just a PR in lnd for example to make this easier on developers. Right now the solution I am using is to infer whether or not I opened a channel by its sent, received, and local balance.

			= Setting a default policy (LND) =
			Set this in your lnd.conf:
			<pre>
			# The base fee in millisatoshi we will charge for forwarding payments on our channels (default: 1000)
			bitcoin.basefee=1000
			# The fee rate used when forwarding payments on our channels. The total fee charged is basefee + (amount * feerate / 1000000), where amount is the forwarded amount. (default: 1)
			bitcoin.feerate=50
			</pre>

MiltonPusser at 08:35, 13 February 2019

2019-02-13T08:35:08Z

← Older revision		Revision as of 08:35, 13 February 2019
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	If you have a node, you can [[Change fees\|change the fees]] of your node. This is how you can [[Making money using Lightning\|make money]].		If you have a node, you can [[Change fees\|change the fees]] of your node. This is how you can [[Making money using Lightning\|make money]].

			Fees are set in the [[Channel policy]].

	= Commit fee / balance changing =		= Commit fee / balance changing =

MiltonPusser at 10:30, 17 January 2019

2019-01-17T10:30:14Z

← Older revision		Revision as of 10:30, 17 January 2019
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	If you have a node, you can [[Change fees\|change the fees]] of your node. This is how you can [[Making money using Lightning\|make money]].		If you have a node, you can [[Change fees\|change the fees]] of your node. This is how you can [[Making money using Lightning\|make money]].

			= Commit fee / balance changing =
			The balance '''fluctuates''' because commit fees for channels get renegotiated as the cost to publish to the bitcoin blockchain changes. When the commit fees rise (btc fees become more expensive) some of your local balance is reserved to meet those fees, resulting in your local balance dropping. When fees drop the reverse happens.

			To avoid this issue what you want to do is sum all your channel local balances with the commit fees for only the channels you have opened. There is currently no easy way to tell if you opened a channel or not but there was just a PR in lnd for example to make this easier on developers. Right now the solution I am using is to infer whether or not I opened a channel by its sent, received, and local balance.

MiltonPusser at 07:55, 17 January 2019

2019-01-17T07:55:43Z

← Older revision		Revision as of 07:55, 17 January 2019
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	Paying using Lighting will cost fees. [[Node]] operators set the fees. The fees are the cost of using their node as a "hop".		Paying using Lighting will cost fees. [[Node]] operators set the fees. The fees are the cost of using their node as a "hop" for your [[Payment]].

	If you have a node, you can [[Change fees\|change the fees]] of your node. This is how you can [[Making money using Lightning\|make money]].		If you have a node, you can [[Change fees\|change the fees]] of your node. This is how you can [[Making money using Lightning\|make money]].

MiltonPusser: Created page with "Paying using Lighting will cost fees. Node operators set the fees. The fees are the cost of using their node as a "hop". If you have a node, you can Change fees|change..."

2019-01-17T07:53:55Z

Created page with "Paying using Lighting will cost fees. Node operators set the fees. The fees are the cost of using their node as a "hop". If you have a node, you can Change fees|change..."

New page

Paying using Lighting will cost fees. [[Node]] operators set the fees. The fees are the cost of using their node as a "hop".

If you have a node, you can [[Change fees|change the fees]] of your node. This is how you can [[Making money using Lightning|make money]].