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LNbits running on Phoenixd tutorial!

Phoenixd is an incredibly easy self-custodial lightning node that is managed, and is the perfect solution for someone who wants to run a lightning node but not have to bother with channel management pain.

https://www.youtube.com/watch?v=t28coHBX3aI

bitcoinmoa 1y ago

Noob question. How are you able to receive sats right away?

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Discussion

Ben Arc 1y ago

Noon answer. Idk. It's Acinq magic

Ben Arc 1y ago

*Noob

BtcPins 1y ago

Yes. They open a channel on demand. If the sats received are less than the cost of the channel, they hold it until that fee threshold is met.

bitcoinmoa 1y ago

Ok that makes sense. It sounds like the fee threshold is 20,000 sats?

BtcPins 1y ago

If you leave the desired channel size to the default 2,000,000 sats, yeah. The fee scales with that.