Hey guys How many sATs/channels I need running an lightning node for : 1. Just playing around and learning 2. Want to earn money #asknostr #node

Replies (11)

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TS 8 months ago
You can open small channels. I recommend at least 1,000,000 satoshi but some people do as small as 500,000
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TS 8 months ago
Typically more channels is better and you need a balance of incoming and outgoing capacity in your channels in order to route transactions
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TS 8 months ago
Well first you need either a Lightning Service Provider or a lightning node. A service provider runs a node for you essentially so the bitcoin won't be in self-custody. The trade-off is that it is easier for new people. I recommend #Zeus. If you want your own node to have self-custody, but are not comfortable with setting it up, you can purchase a service and hardware from companies like #Start9 and #Umbrel. They build servers that are geared towards people who aren't technical. You can easily install a lightning node as simply as installing an app on your phone with them. They package software that can help you manage the node as well.
1. 1,000,000 sat channel is what i’ve seen now for playing/learning 2. it takes a lot of bitcoin to make a small return and there are multiple ways to actually lose large amounts too (so the risk/reward is not good for most people). see this note for example: View quoted note →
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TS 8 months ago
My mistake
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TS 8 months ago
What would be the right term, non-custodial lightning wallet?
Self-custodial and non-custodial can be used interchangeably but we prefer the former