How To Run A Bitcoin Lightning Node (Strategy & Key Tools)

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  • Опубліковано 22 гру 2024

КОМЕНТАРІ • 23

  • @BGoff
    @BGoff 3 роки тому +4

    Great explanation Ian. I'm looking forward to more of these videos regarding lightning channels and how to use the tools you mentioned, especially learning how to possibly make a few sats!

    • @IanMajor
      @IanMajor  3 роки тому +1

      Cheers Bryan -- glad to hear this was useful. Stay tuned!

  • @liamball8335
    @liamball8335 Рік тому +1

    Great points! Also when the price of BTC goes ballistic - will be nice to have some free flowing sats to move around with low fees.

    • @IanMajor
      @IanMajor  Рік тому +1

      Yup, fees getting quite elevated again and we haven’t even gotten started!

  • @TermsToWealth
    @TermsToWealth Рік тому

    Great Help Like always my guy!!!!!!!!!!!!!!!

  • @reikhard
    @reikhard 2 роки тому

    Thanks for the excellent video... i gave up on running a lightning node... too difficult and very time consuming for me unfortunately.

    • @IanMajor
      @IanMajor  2 роки тому +2

      Yup, running a proper lightning node takes a good amount of effort. Building tools that make it easier is a big area right now, but it remains to be seen how much easier it will become.

  • @got_it_wrong
    @got_it_wrong 11 місяців тому

    Great video, again. I am initially setting up a lightning node for personal use but may consider expanding it into a routing node once I know more about this. However, is there any instance where one can lose money operating a routing node considering the fees involved (and whatever else may charge your wallet)? Thanks.

    • @IanMajor
      @IanMajor  11 місяців тому

      That's awesome. I will say if the primary motivation for running a routing node is to earn a return on your sats, be advised it does take some time and attention to make it worthwhile (i.e. it likely would need to become a bit more than a "hobby" activity in my experience). I don't see how one would lose money operating a routing node except for some sort of irrecoverable crash in the hardware - so be sure to have your channel backups properly maintained! There is also the possibility of malicious channel closings by your peers, but there are watchtower services you can employ to protect against this and/or if you're generally monitoring things reasonably consistently then it's probably not a big risk.

  • @adamfaulkner9975
    @adamfaulkner9975 Рік тому

    Great overview video Ian. Thanks. I'm looking to set up a personal node just so I can pay and receive in a sovereign way. Once the channels are up and running it shouldn't be a lot of maintenance right?

    • @IanMajor
      @IanMajor  Рік тому

      Hey Adam - glad you found this useful! If you're using this for sending/receiving personally, then you're right it shouldn't be too much maintenance.
      With that being said, I'd still recommend you familiarize yourself with channel rebalancing and ways to acquire inbound liquidity just in case you run into needing that in the future. You may have already stumbled across it, but the following video goes into this in more detail (though some of this is overkill since you're not running a routing node): ua-cam.com/video/9IKEhMNiaKc/v-deo.html
      Hope this helps

  • @pergius
    @pergius 3 роки тому +2

    Thank you so much! Needed this! If you're still wondering about where to send the sats I won, you can give them to charity or someone else. I seem to only be able to open lightning receiving payment code that is viable within one hour. :P

    • @IanMajor
      @IanMajor  3 роки тому

      Let's at least give it a try my friend :) I know the invoice timeouts are a pain but I will try my best to check this and my Twitter DMs more frequently today to try and make it happen

    • @pergius
      @pergius 3 роки тому +1

      @@IanMajor well ok sweet, I'll dm you in about an hour or so! And we can give it a go. :)

    • @IanMajor
      @IanMajor  3 роки тому +2

      @@pergius Sounds good - when you DM on twitter, send a quick screenshot of you logged into your youtube so I know it's for sure you :)

  • @AA-pw4bk
    @AA-pw4bk 2 роки тому +1

    Very good video. Thank you.

    • @IanMajor
      @IanMajor  2 роки тому

      Glad you found it useful 💪

  • @ikust007
    @ikust007 Рік тому

    Merci Ian.

  • @marvinmaali4019
    @marvinmaali4019 5 місяців тому

    I wanna put a pong game on the LN. Anybody interested? Care to play and help me code the backends?
    (I want the ball to be real sats).

    • @marvinmaali4019
      @marvinmaali4019 5 місяців тому

      I have a playable html prototype.

    • @IanMajor
      @IanMajor  5 місяців тому

      I’m not technical enough to help with the coding but would be happy to test it out!

  • @thomasmullee3049
    @thomasmullee3049 2 роки тому

    Why is subscribing so important ?