Bitcoin Lightning Network Node (Umbrel & Thunderhub Tutorial)

Рет қаралды 9,225

Күн бұрын

In today's video we walkthrough how to manage a Bitcoin Lightning Network node, including opening channels, rebalancing Lightning network liquidity, and more!
Here are the more foundational videos I referenced:
-Lightning Network Basics: • What Is The Bitcoin Li...
-Key Considerations For Running A Lightning Node: • How To Run A Bitcoin L...
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➡️ If you missed my latest videos, be sure to give the following a watch:
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-Self-Custody Under Attack & What To Do About It • Bitcoin News: Self-Cus...
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Timestamps:
0:00 Video Intro
1:58 Refresher Of Key Concepts
8:10 Thunderhub Lightning Node Tutorial
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#lightningnetworknodetutorial #thunderhubtutorial #allthingsbitcoin #ianmajor
Materials Referenced:
plebnet.wiki/wiki/Getting_Inb...
1ml.com/
thunderhub.io/
mainnet.lightningconductor.net/
lnbig.com/
None of this is financial advice. Do your own research.

Пікірлер: 41

@Clue338 3 ай бұрын

Best video I’ve seen on this subject, hands-down

@IanMajor 3 ай бұрын

Appreciate the kind words, and glad you found it useful!

@mariogomez3745 Жыл бұрын

Thank you for your work Ian !!

@IanMajor Жыл бұрын

Cheers Mario!

@jakariantoikhmawan2364 5 ай бұрын

thank you ... this video really help me ... please keep make video tutorial like this ...

@IanMajor 5 ай бұрын

Glad to hear this! And will do 🫡

@andrebot 6 ай бұрын

Very useful! Thanks a lot.

@IanMajor 6 ай бұрын

Glad you found it useful!

@kapitalistickasvine7260 Жыл бұрын

Thanks, help me a lot!

@IanMajor Жыл бұрын

Really glad to hear this!

@nestorkutzev1559 Жыл бұрын

Thank you Ian. I just found your channel, and now am going through your videos. Recently I got interested in starting a lighting node. I don’t have any technical knowledge. I can use hardware and software on base level. I can use and manage wallets and transfer funds. But this is pretty much everything what I can do for now .Can you recommend places where I can start learning and hopefully build knowledge for setting my own node? Thank you!

@IanMajor Жыл бұрын

Hey Nestor - glad you're finding the content useful! I too started with no technical knowledge, so I promise it's possible with some time and effort :) Just take your time. It sounds like you may have already stumbled across my other videos, but this one will show you step-by-step how to build your own node: kzfaq.info/get/bejne/qbFkq5aG0N6tXZ8.html Or if you prefer an even easier method (though more expensive), you could check this one out: kzfaq.info/get/bejne/o9pnlq5ovteXqoE.html Other resources you should definitely take a look at include: -BTCSessions' tutorials on KZfaq -Jameson Lopp's resources: www.lopp.net/bitcoin-information/full-node.html -Bitcoiner Guide: bitcoiner.guide/node/ I hope these help!

@toptube6824 Жыл бұрын

LBTC Lightning Bitcoin will be a rocket 🚀🚀🚀

@IanMajor Жыл бұрын

That appears to be a scam, sir

@toptube6824 Жыл бұрын

@@IanMajor not a scam

@IanMajor Жыл бұрын

The Bitcoin Lightning Network uses native satoshis - any asset that's packaged up to make it seem like you're "investing" in the Lightning Network is a scam unless I'm completely missing what it's supposed to do

@satoshinakanodo6045 Жыл бұрын

Ian, awesome tutorial. This got me up and running. Question for you about LNbig... I paid them for inbound liquidity (10M sat channel). The channel opened up with a 3000ppm fee on their side. This seems very high to me. If liquidity were to flow over to my side of the channel, I would not be able to rebalance without taking a huge loss unless my fees were even higher. But with fees that high I’m not sure this channel will ever get use. Is 3000ppm normal for LNbig? I noticed their fee to you was 200ppm which seems more manageable. Is it just because my node is new?

@IanMajor Жыл бұрын

I'm very glad to hear this was helpful! That is definitely a super high rate, and while node newness could be a factor I don't think it would explain the full difference or even the majority of it. I suspect more likely could be differences in demand - if LNBig has recently stepped up their pricing for new connections and the new connections keep coming, then perhaps they feel they can justify it. I'd recommend experimenting with other providers outlined here: plebnet.wiki/wiki/Getting_Inbound_Liquidity . I've been successful with Lightning Conductor (for free), and marketplaces like Amboss have come a long way and are becoming increasingly competitive.

@satoshinakanodo6045 Жыл бұрын

@@IanMajor Yep, that makes total sense. For now I guess I'll just leave the channel open. It probably doesn't hurt, if anything helps my node rank due to the extra capacity. Thanks for that Plebnet link. I'm going down their list one by one. And thanks again for the tutorials - they've been super helpful. Would love to see one specifically on your strategies to keep liquidity moving through your channels profitably (ie. setting fees, rebalancing, finding the right mix of channels to open with, etc.). I haven't found too many videos out there that do a deeper dive on that topic.

@IanMajor Жыл бұрын

@@satoshinakanodo6045 Good suggestion! Will add this to the list. It definitely takes significant effort (& time) to really optimize things

@spaghettibit 9 ай бұрын

Hey man I love your videos! The only thing that threw me off was your logo looks like Monero… 😅 (😂) I joined the #Bitcoin only revolution and in Saylor-chad good fashion: “THERE IS NO SECOND BEST!” ❤

@IanMajor 9 ай бұрын

Haha that's actually a really good point - you're the first to point this out

@quovadis5575 2 жыл бұрын

👍

@xijinpooh7226 2 жыл бұрын

I have a request for a new tutorial: could you show us how to set up and use Trezor One and Model T with Sparrow wallet?

@IanMajor 2 жыл бұрын

Hey there - don't worry I saw your first post on this request 🙂 I'll definitely add this to the list, but for full transparency I'm not sure realistically when I'd circle back to do more Sparrow wallet tutorials. The good news is that Sparrow generally makes it quite easy to connect hardware wallets! In the case of Trezor, and per this note here (sparrowwallet.com/docs/faq.html#how-do-i-import-my-trezor) you'll likely need to select "Nested Segwit" as the script type when creating a new wallet in Sparrow and then after that choose the "Connected Hardware Wallet" option. Then you'll select "Scan" and it'll scan for your connected device. I suspect you'd then need Trezor Suite or similar to unlock the device so it can successfully import it to Sparrow. Hope this helps for the time being and thanks for making the suggestion!

@xijinpooh7226 2 жыл бұрын

@@IanMajor All right thank you!

@Clue338 3 ай бұрын

When I get to paying the invoice for inbound liquidity, I get path not found failure

@IanMajor 3 ай бұрын

Hmm that's interesting - just to confirm which entity were you trying to get inbound liquidity from?

@watchmedrivesafely 2 жыл бұрын

can this be done on a windows pc with bitcoin core????

@IanMajor 2 жыл бұрын

You'd still need a Lightning node which bitcoin core alone doesn't provide. In addition to Umbrel, there's also Raspiblitz and myNode which are all great options. I think you could technically get away with running all of that on a PC, but I wouldn't advise it especially if you're serious about running a routing Lightning node - if you're trying to do that, you'd at the very least want some dedicated hardware.

@CE4JDM Жыл бұрын

I have a Raspberry Pi but without a SSD. Can I run a BTC Lightning node on a windows computer?

@IanMajor Жыл бұрын

It is indeed possible, though I will admit I don't have personal experience with that setup method. I'd suggest taking a look at Pierre Rochard's Node Launcher: medium.com/lightning-power-users/windows-macos-lightning-network-284bd5034340 (not sure how well this is updated, but the latest update in the linked github page is September 2021, not too bad) medium.com/lightning-power-users/easy-lightning-with-node-launcher-zap-488133edfbd Hope that helps!

@IanMajor Жыл бұрын

And keep in mind that generally speaking you'd need this computer to run 24/7 if you're planning to run a Lightning node on it.

@CE4JDM Жыл бұрын

@@IanMajor Thanks for the infos, and yes, I have unlimited StarLink sat service here in Chile, so no problem running 24/7.

@CE4JDM Жыл бұрын

@@IanMajor Thanks very much for these infos!!

@zxx5 Жыл бұрын

I'm running on my windows pc, how can i add LN on it?

@IanMajor 11 ай бұрын

As in run a Lightning node directly on your PC? I don't have experience with that, but I'd recommend checking out the following thread whose comments include some different options: www.reddit.com/r/lightningnetwork/comments/pm9em9/is_there_a_simple_windows_lightning_node_program/ Keep in mind this is (1) hard and (2) would require your PC to be online 24/7 and never asleep. That's why most folks will opt for an Umbrel node or some other node implementation (Raspiblitz is another) that abstracts away some of the complexity. I have a tutorial on how you can build an Umbrel node yourself if you decide that's a preferable option: kzfaq.info/get/bejne/qbFkq5aG0N6tXZ8.html

@jessicatolar2142 2 жыл бұрын

you walk through the whole process for lnbig then just stop and move on? what happened?

@IanMajor 2 жыл бұрын

Hi - I explain this starting at 23:47 I was having issues with LNBig that may well have been unrelated to their service, but ultimately I tried and succeeded with Lightning Conductor as an alternative service to get inbound capacity. Thor channels with Bitrefill would be another option as well.