Oddbean new post about | logout
 OK good point I run 3 lightning nodes, I’ll start.

I’ll start by giving my configuration and then explaining my journey as best as I can remember it.

You can AMA during this thread. nostr:note16mjl0syjrknxlgghvh23su6uy8qcj2fu3z2f03g5vq8h0r7p5trsr00e3t 
 What are your pubkeys? 
 The only pubkeys I am willing to divulge are my NOSTR and  @PUBKEY 😂  
 Fair 
 I might re-think this going forward, but for now I am not publicly divulging this.
 
 I'm always looking for good channel partners 
 I'm not actively routing public payments as I learned all I needed to by doing this for some while and I know you can't currently make it worthwhile in terms of fees / time spent managing.

Alex Bosworth, one of the leading Lightning guys is honest about this over on X, I remember around a year or two ago he disclosed that he earns around $30K for running a 10 BTC node (I believe). 
 He earns 30k ??!

https://media.tenor.com/PQreEw8d3fQAAAAC/tom-delonge-blink182.gif 
 Yes, working full time 50+ hours a week, plus having 10 BTC liquidity and being one of the biggest, most active nodes on the network. This dates back  a while.

https://x.com/alexbosworth


 
 So I run 3 nodes:

An upgraded Umbrel Home with the  Bitcoin Core and Lightning Node, this is a full node and has several channels and if I keep it balanced, which I don’t bother to do now, could earn routing fees. I also run a full Liquid blockchain for any L-BTC or L-USDT that I have. 

An upgraded RPi 5 8GB RAM with 2TB SSD, this was a full node, but Lightning crashed several times and I lost 0.2 BTC in channels due to not backing up sufficiently. I don’t trust this to hold liquidity, but I do run it for other tasks, such as running the Monero blockchain and experimenting with password managers, BitTorrent clients, server monitoring and password managers.

Start9 node running on a Lenovo NUC with 32GB RAM & a 2TB SSD. This is currently powered down because of this:

nostr:note1qqapptq9e48h7qlg0k6g5u880kt5gde3w9pc6z655dc263xt49ts5acaja 
 When I first setup my 2 Umbrel nodes, originally RPIs with 4GB + 2 TB SSD & 8GB + 1TB SSD respectively, I used the Lightning node itself to open channels using https://amboss.space/ and https://lightningnetwork.plus/ to find suitable nodes.

This was easy and cheap at the time. I remember setting up several triangle nodes to small capacity nodes on my first Umbrel and several large capacity channels to large public nodes on my second Umbrel. I also setup large channels between my own two nodes so I could route payments across my own network. I was experimenting heavily.

To rebalance, I installed RTL, Ride the Lightning and Thunderhub, but quickly realised that RTL was the tool for me. I also installed an auto rebalancing tool called LNDg, which I spent many months watching YouTube videos and reading articles in a failed attempt to master.
 
 Umbrel doesn't mount external hard drives for some reason. 
 My Umbrel home mounted my RPI SSD drive to migrate across successfully.

But I haven't tried adding additional storage to date.
 
 It'll only install to one hard drive and then it will not recognize any others. 
 🥹 
 You can program your routing and balancing yourself with lnd-rest - it's easy python 😁 
 Good old triangle swaps. Good times.  
 Things were better before the war 😂  
 Lndg is great. Set it to rebalance at 70% of Channel fee and let it fly. 

It has a nasty anti pattern though:

Your channel liquidity gets drained instantly at a low fee. So you rush in and raise the fee.. And lndg quickly rebalances at that higher fee 😂 
 Have you upgraded to umbrel 1.x? 
 Home comes with it. 

Currently 1.2.2