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I setup a fundraiser on Geyser for tx fees for the OpenTimestamps calendars. One of them recently ran out entirely, and the other is close to running out. They cost about 100,000sats/week, $40/week, to run at the moment for a transaction every ~28 hours, so I'm hoping the community can chip in.
I do have funding for the server costs. Just need funds for the tx fees.
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Replies (11)
How often does it make an on chain TX? Once a day?
Right now, it's averaging once every 28 hours. But that does change as feerates go up and down, as the calendars spend approximately a constant amount on fees per day.
If I get mode donations, I can potentially speed that up for better timestamps.
Get some
Thanks!
What about accepting lightning for *that*? "Want this timestamp confirmed faster? Send me some sats on lightning."
LN doesn't record every TX on the base layer. Just the opening and closing of a channel.
One week donated!
Of course, I don't understand your point though.
I'm not suggesting the lightning payment directly pay fees for that timestamp. Peter would accumulate lightning sats received in this way and periodically loop-out into his opentimestamps wallet, which would then help pay for opentimestamps on-chain transactions in the future.
Thanks guys! Between the lightning donations, and a large on chain donation, we've should have enough funds to keep all my OTS calendars running for a few more months.
Yes, that's exactly what I do with donations.
Accepting LN for speeding up transactions makes sense and I'll probably do it at some point. It does require a bunch of code to do well though.