⚡️ Rebalance Your Bitcoin Lightning Network Node Like a PRO

[@Bitcoinftm]

Thanks for watching, everyone! Let me know, what channels are YOU rebalancing with this tool?

[@Ryan-xq3kl]

Should we re-balance as many channels as possible or just the ones that are routing a lot/profitable. Also if my node has little data about routing will the profitability calculations be correct? Will they change as people change their channel fees too?

[@CarstenOtto]

@@Ryan-xq3kl The calculations only take the current fee rates into account, assuming that you're able to earn routing fees at the current fee rates. If that's wrong, you might end up losing sats. My recommendation: only send funds TO channels where you know that they are needed, in the sense that you will earn routing fees (at the specified rate!) soon after the rebalance.

[@philipsheppard953]

little tip: change your channel screen view to be "ultracompact" you will LOVE the difference it makes (PS I designed this screen and passed on the design to the dev of the tool you are using)

[@bsidemx6]

16:58 is not blurred :) Great tutorial! I'm in the process of creating a LN node with a Rasp4i and Umbrel

[@taostellar3450]

Enjoyed the video. Still trying to get my head around fees. Blew my mind when you said that a channel will rebalance automatically according to the fees you set. WTF! I have no idea what that means. This set me back into the land of confusion. Could you do a little video of the fees. Fee Rate, Base Fee. I don't know what question to ask to get me up to speed to actually implement this video. Just took three steps backward and fell on my face.

[@Bitcoinftm]

I’m on it.

[@fawazmalik95]

Hi Jonathan ! nice content on bitcoin nodes ! what node brands have such sophisticated GUI such as this! curious to know ?

[@radmaximus]

You need to do an updated vid on this since its now included as an app on the latest Umbrel update! Please!!!

[@rutgerdamink1238]

Hi Jonathan, could you make a video how to get these routing/earning notifications on Telegram?

[@Bitcoinftm]

Yep I'll try to do one :)

[@bobgillvan]

Great video! ...one small adjustment. I had to do the git clone first before the pip3 -install would work. I got a message that I couldn't find requirements.txt...but after doing the git clone, I realized that was the one I needed. Thanks for the video!

[@Bitcoinftm]

Yep that’s correct. Refer to the Y’all’s guide as there’s a small mistake in the video.

[@mickdineenlong]

Great video and thanks for showing that this exists. I've only newly setup a Lightning node and trying to get my head around rebalancing. I've set it up and it installed ok. Just playing around with it now and trying to do a rebalance. I get the following error "Error: source channel to needs to receive funds to be within bounds, you want it to send funds. Specify amount manually if this was intended. Amount is 0 sat, nothing to do". Does this mean that the nodes that I've connected to only want to have transactions sent from my node and I need to connect to other nodes that want to my node to receive transactions in order to rebalance?

[@CarstenOtto]

It means that you asked the script to do something that looks wrong. In your case the channel A-B is low on funds, but you specified as a source channel (meaning you want to take funds out of it). The script, by default, ensures that the source channel still retains 1M sat on your side. You may override this by using -a (as per the error message), or by lowering --min-local to a value that is more suitable for your use case. And if you're reckless, there's --reckless :)

[@mickdineenlong]

@@CarstenOtto Thanks for the reply. I understand. Left with a "Could not find any suitable route" error now so I'll have to look at my channels.

[@michaeltidwell7197]

Great intro to the tool!

[@Bitcoinftm]

Awesome, let me know if you have any other suggestions for videos!

[@mariahhills6868]

ultracompact

[@RobertHoehn]

Hello! GM! Can this work on a Voltage node? thanks

[@trentboult5020]

great video! how to get channel fees to show next to each channel? I do not have a "fee rate" option only fee rate sub bar

[@Bitcoinftm]

Check out the gear wheel in Thunderhub, there are different views

[@justincross1247]

great video explained it well, gave it a like

[@FRxProd]

Thanks for this quality content ! I'm stuck at the lightning shell step cause I don't know which username/pwd combo it is waiting for. It's not the umbrel/citadel one ?

[@JordanStambaugh1]

couldn't install the script because I had to install python to use pip3? Umbrel already has python but it just wasn't working. Didn't know how to do that correctly, in which folder...etc. He's also charging $0.15 for access to the guide lol Do you have an easier updated method for auto rebalancing channels??

[@jubbafrubby4561]

i get really lost at about the 10/11 minute mark regarding the downloading and installation of s/w. how do i know i have successfully ssh'd into my umbrel.. it would be good if there were some diagrams. where is the python s/w installed on my pc or on my node?

[@lowking8694]

Hey you super guy... I am a bit distracted... But I used to run a raspblitz LND node, I deposited about 100000 sats I know it's not that much, but I managed to open 2 channels. Then my raspberrypi crashed and I was not able to get into the system and close the channels. Now I have open that LND wallet somewhere else and I can see that 74000 sats have left my wallet. So what is happening with those channel where they have been open and the system has been basically disappeared from internet? What about my sats? Any cool explanation? Please

[@jubbafrubby4561]

my thunderhub would keep logging itself out by itself. i couldn't do the pip install thing (or pip3). is python installed on the desktop pc or on my raspberry pi?. conceptually i confused about what goes where. some diagrams on a whiteboard would be good. sometimes i get the message "cannot connect to node" and thunderhub logs itself out. how do i check if my lightning node is working ok. i have a telstra modem. i fixed the ip for my umbrel. i'm not sure if there is a "port forwarding" or mapping issue

[@JojonJ19]

This is an awesome vid!! I could finally have a balanced node and make some routing fee! Thanks a lot for this. And also of course shoot out to the devs of rebalance-lnd.

[@Bitcoinftm]

WOOHOO glad you enjoyed :)

[@daniel_dipo]

I have done everything but every channel I try run the script with it says "found no route".... What can I have been done wrong? my channels are primary from lightningplus website in a triangle or square setup.

[@ivanustinov5082]

Thank you for this video :)

[@Bitcoinftm]

Glad you enjoyed it! Hope you're subscribed :)

[@Ryan-xq3kl]

the python dependency install took a looooooong time for me but i left it for half hour and it worked lol

[@Bitcoinftm]

Yep!!! Same. Make sure to tip the creator and the guide writer if you can spare some Sats to support their work!!

[@unknown_btc_usr]

Im gettin stuck in a error (40) Cannot find a patch beween peers

[@piwiiiii]

Nice vid man! How get you telegram notification ? It’s dope

[@Bitcoinftm]

BalanceOfSatoshis plugin by Alex Bosworth

[@thomasborda2145]

I just keep getting "could not find any suitable pay route" How do I fix?

[@tikitinatv1420]

Dude what is PPM

[@amjpais]

Guys, I'm trying to follow the instructions in this video about rebalancing by LND, but when I try to install Python with the command "pip3 install -r requirements.txt" it gives "Segmentation fault" error. On the other hand, I tried on another node in ubuntu, and it tried to install but it said it would only install in a default folder. It did some installation commands and in the end, it doesn't run rebalance What can it be? TKS

[@gabrielschneider5686]

"Could not find any suitable route" I always get this error even with tons of diferent channels

[@nockuno]

me too. very frustrating

[@Bitcoinftm]

Do you have enough channels open?

[@gabrielschneider5686]

@@Bitcoinftm about 17

[@nockuno]

@@gabrielschneider5686 me 15

[@MegaFirstPlayer]

Hello, how do you install cron job on the node? I'm running citadel node with raspi4 and using lightning shell to perform all codes as in the video. But I'm stuck in crontab command. do you have any idea?

[@Bitcoinftm]

From the Shell SSH simply type crontab -e

[@MightyRoy]

does rebalance-and work with core lightning nodes? or only Lightning Lab's lnd ?

[@Bitcoinftm]

'Fraid not. the LND in the name means it only works with LND :)

[@JJ-gw5ux]

Is a stake of 30% a year realistic with a well routing node? Meaning earning a revenue around 30% of the sats invested in my channels? This would be a very interesting stat.

[@Bitcoinftm]

Yeah definitely not, check my video on how much you can earn, it's a lot less.

[@GreenBoiler]

thanks for the content

[@magino789]

Awesome tks !

[@sdumas_coach]

Thanks for your video but i have always this message : Could not find any suitable route

[@Bitcoinftm]

You probably do not have enough channels, or you're not trying a high enough fee. OR, there just isn't a suitable route right now :)

[@sdumas_coach]

@@Bitcoinftm Do you provide individual coaching to help LN users ?

[@sutthiguy1584]

how can i install rebalance-lnd to umbrel 😅

[@Bitcoinftm]

Check the video description I linked to a tutorial

[@JJ-gw5ux]

can i take or in fact give negative fees?

[@Bitcoinftm]

Good question. I don't think so :)

[@iheartolan]

Has anyone else had trouble making new directories? I can ssh into my umbrel just fine, but I do not have permission to make new directories. I haven't found a way to give myself access even though I'm ssh'd and signed in.

[@Bitcoinftm]

Put "sudo" before a command to do it as a super user. You'll need to enter your password though.

[@RedBricksTraffic]

I want to figure out how to install this so bad! lol

[@Bitcoinftm]

Look at the guide in the description it’s pretty good actually! Someone beat me to it.

[@tikitinatv1420]

I need the dummy version on a different video

[@JohnXOsterman]

All I get for every channel is this, "Could not find any suitable route"

[@Bitcoinftm]

You need more channels and/or more inbound/outbound.

[@ДимаЛуцкевич]

Wery well!

[@talllony4844]

cool

[@Rogue_Money]

This is exactly why Lightning Network is a failure. So ridiculous. How would my grandma do this?

[@mariahhills6868]

ultracompact

[@mariahhills6868]

rebalancing

[@jimhewitt2209]

For some reason I have got stuck at needing the 'ppm' metric. I my UI of ThunderHub I just can not fine this column kzbin.info/www/bejne/ZqOWhZtqZ9-Zes0 can any one help please. So frustrating that I did all the coding stuff but stuck here

[@elenatarasevich6048]

Great intro to the tool!

[@mariahhills6868]

ultracompact