😂 I thought I was the only one who noticed the crappy rates of the new version of phoenix, LN was just created to have low rates not to pay 0.4% of all your shipments.
I had noticed after the splicing update fees were getting higher on Phoenix wallet, so I finally got around to testing a couple new options.
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First up is Mutiny wallet, I'm really liking it! The Android APK is working well now if you happen to be on that OS.
I tested sending lightning payments up to 1M, using Alby, WoS, and Zeus with Olympus LSP as receiving wallets. They all worked. Fees were reasonable, ranging from 11-25 sats for the 1M sat transfers.
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I also set up the Zeus integrated lightning node, Olympus. I like the Zeus interface, I use it as a front end for Alby on my phone.
Zeus had trouble sending larger payments. I wasn't able to send over 250K in my tests today, once again testing with WoS, Alby, and Mutiny as receiving wallets. Fees were a bit higher as well, 84 sats consistently for a 250K transfer.
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nostr:npub1mutnyacc9uc4t5mmxvpprwsauj5p2qxq95v4a9j0jxl8wnkfvuyque23vg and nostr:npub1xnf02f60r9v0e5kty33a404dm79zr7z2eepyrk5gsq3m7pwvsz2sazlpr5 are still in beta, so your mileage may vary, here be dragons, etc. Both are much better in respect to fees than Phoenix is currently. I have decently large channels open in both now, so I will be able to continue testing more in the future. I can't wait to see what they build going forward!
#lightning #bitcoin
Discussion
I’ve noticed too.. the fees are steering me elsewhere now.