I have multiple channels open most of them forwarding payments nicely. The other day I increased one of the channels fees - base fee up to 2 sats and fee rate 1000ppm - because it was draining my inbound liquidity. Soon after that channel became ‘inactive’. Then I reduced the base fee to 1 sat and 100ppm fee rate the channel connection was active again. Is this a coincidence, or was I blocked for charging too much?
You give the answer to yourself.
My advice: don’t let the greed to mess with your node. Is not only affecting you, but the whole network.
If I would have a channel with your node and you had a “closed gate” for my regular payments, you practically censor my use of BTC.
This is a danger.
Many new users of these nodes are also playing with that fee script that have a dangerous feature inside: disable channel that is not “profitable”.
This could create more damage than you think and disrupt the whole LN use.
That’s why we have increased fees in sending txs over LN, that’s why we have so many failed txs, no route found etc.
PEOPLE SHOULD STOP PLAYING WITH THOSE SCRIPTS. Period. If they do not know well how to use them, is better just don’t. For the sake of entire Lightning Network!
Chill out Darth Coin. Profit is not the reason I increased my fees. As I said, when I have a channel that’s open and it drains inbound liquidity I want to slow that drain, so I adjust the fees. I’m experimenting. Lightning should be a free market in terms of fees anyway. And game theory argues that it’s a race to the bottom in terms of setting competitive fee rates. Users can decide whether Lightning is good value or not - I think most would agree the small cost is worth it. My question above is can a node be punished by another node for increasing fees by switching off the channel somehow? I haven’t heard of it , so I assume it’s not possible.
Yes. Read again what I just said.
I dont understand how a node can be ‘switched off’ / deactivated without closing it. Tell me how it is done?
I believe I have a similar circumstance going on, not quite worthy of its own posting…
In October, my node was seeing a lot of action. Especially after opening channels 7 and 8 mid October.
End of the month, I opened another 3-way Channel on LightningNetwork+ for 3mil sats. (Channels 9 and 10)
Basically, all of November has been inactive. Side note, Channel 10’s Node has been completely offline since I opened to him for a month now. He’s having ongoing new router problems. Does this create a liquidity issue for me - causing my node not to perform as it should?
I wasn’t sure if this was causing any issues, or perhaps I had to adjust and lower my fees to get more routing thorough my node.
I am not quite sure as to what to set my base fee and ppm fee at.
Is there a standard or base minimum?
I have tried to set my fees similar to how I see other channels, but it still doesn’t seem right.
As you say: I’d rather not “play too much with what I do not know about and create more damage to myself or others” Please see the attached screenshot.
Your peers are disabling your channel.
Look, I will explain it in more simple way and I run nodes from 2019 ongoing:
- don’t focus on “hey I am not routing, what is going on with my node?” Is wasting time and energy
- don’t focus on “making sats from routing others txs” - you will waste more than you make
- focus on having a lot of good connections, not just random peers. Yes is good to use those LN+ shape forms with some plebs, you are helping each others. But apart from that you need to think for your own node’s health.
- focus more on your own txs to get well routed and cheap
- focus more on making more txs, support local shops that accept LN, LN is a living organism that if is not fed well, is not growing, is like a mycelium organism
- go and watch some good nodes, for a while: what pers they have, what fees they use, what is their 2nd or 3rd level of peers, how many channels they open/close in a month, what size of the channels they use.
- start opening channels with those nodes that are offering goods and services, so your txs will be well routed and also you can buy directly from them.
- watch closely what is going on in your node, how the funds are flowing and adjust slowly your fees for each peer. Don’t get greedy - that will kill your node and you will not be able not even to do your own txs in a normal way.
LN is still in early phase, it will take long time until many people start transacting on LN. So have patience, the results you will not see them in the 1st year. Have good many, strong channels, history of a channel is also important. Don’t close a channel just because you don’t see any route on it for 2 months. Look at your peers. if they do not increase their number of channels, so your connection with them will start moving also sats, then that peer is lost, is dead, is not necessary.