Replying to Avatar Bryan

Turns out I have no idea how to best set my channel fees. After my first 1-2 hours of reading, the only thing I have concluded is I am going to keep my base fees at 0 to allow for true micro-transactions and somehow help with payment splitting, Pickhardt payments.

If anybody has a valuable reading resource to help me:

1) Learn how to set fees to keep channels in balance

2) Adjust fees to help encourage a particular flow direction through the channel

3) While maintaining a good routing volume...

Please share.

Thanks in advance.
3d
sms 2y ago

Same problem here. There are managing scripts, but not maintained much, which seems risky while LN code is changing so often.

We just set at network median ppm and 0 base fee:

https://1ml.com/statistics

Then adjust that for channels that unbalance at that rate.

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Bryan 2y ago

What is 0.00003 sat/sat?

How many PPM is that? 30?

We need to use a consistent unit such as:

ppm = sats per million sats routed

or millisats per million sats routed

3d
sms 2y ago

That is 3 ppm.

Three millionth of a sat per sat routed.

3d
sms 2y ago

Sorry, yes, thats 30.