its generally worth it if you know you'll be doing at least 4 spending transactions
Discussion
Definitely I will have some spending transactions on #Nostr or on Corny 🌽
But also it should be like “stacking node” since I got little incomes in sats.
I will be transferring some sats to my cold storage on main chain after fulfilling the WholeCoinJourney node.
As I said on corn, I wanted to open 500k channel and then sending to my hardware wallet some bigger UTXO’s from that channel.
But since I can’t afford 500k channel now, there is question if I should rather wait and risk that price will go higher, or open channel with 200k capacity. If this channel be fulfilled, I could send 100k UTXO to main chain.
Or just do custodial service thinks, and wait till I can afford bigger channels on my own? But that is kinda opposite of #Bitcoin étos.
What do you think Vic please, is that 100k enough as a UTXO? Thx G 🫡♥️
My daily income in sats is like 120sats/day, but I want to grow it to smthn like 2000sats/day with my miners that should arrive soon.
Btw have a great day boss 🕊️
Breez alows you to store 125k 丰
100k is a very small UTXO. While they exist, I don't recommend of that size because higher fees in future could use substantial percentage of value.
One alternative that some people do is use Liquid as a go between. This allows you to swap funds out of lightning via something like boltz.exchange, to an address you control, and then later consolidate those liquid transactions to a larger layer 1 bitcoin UTXO.
You really need to look trough your total costs though, whether paying swap fees, or considering current mempool fees, or future fees. I make an assumption that any UTXO may cost upwards of 50000 sats to spend in a high fee environment, and dont want to be trapped in an unspendable position.