How To Save On Bitcoin Transaction Fees

     Many things can cause Bitcoin network fees to skyrocket but today I am going to help mitigate that. Let's say you bought bitcoin from an exchange and now you want to withdraw it to hold your own keys to your money, so basically you want to take the bitcoin to your own wallet but you worry that transaction fees may be too high to move them again today or in the future so here are few things to consider:

   1. Transaction consolidation, this process is as simple as the name says it, you are sending all your bitcoins all at once to one address so that you already pay for all the individual data input for all your previous chonks of transactions. You can do that by waiting for fees to come down or you can try this second option

   2. Liquid, liquid is a Bitcoin sidechain(cheaper) you can use to store those small individual chonks of transactions staight from your exchange for a lower fee. You can use something called "sideswap" on the sideswap.io app to automatically receive and swap your BTC to L-BTC for about 0.1% conversion fee, ofcourse you may want to first calculate if this better to use this service that requires some trust instead of using the Bitcoin timechain, it's a tradeoff you are making, but can also send L-BTC to a more trusted bitcoin wallet like Green. Now when you feel like your liquid stack is big enough and you want to peg-out to base L1 BTC you can simply sideswap it out on the sideswap app. You can also move those liquide bitcoin faster and cheaper using the following technology as well.

   3. The Boltz exchance(boltz.exchange), this exchange will help you move your bitcoin from liquid to your lightning wallet visversa and from lightning to base layer BTC

  I really hope this helps you in some ways, if you found some value feel free to show some value back, thank you! Pie

How To Give The Christmas Gift That Will Never Stop Giving

  Money that loses value overtime like fiat currencies cannot possibly make you happy but money that gains value overtime could probably make your friends or family happy. This Christmas season we are going to think outside the bank to give them the gift that will never stop making them smiling, Sats aka bitcoin.

  Basically, Sat is like the penny(¢ cent) of bitcoin a fraction of it, like 100millionth of a bitcoin, but its value still goes up overtime alongside bitcoin. So now we want to give a Christmas gift to a friend who want it to maintain or even increase in value overtime. Here is how we can do that

  First of all we are going to use this website called lightsats.com click on create your first gift, it will ask you to login you can use your email or your bitcoin-lightning wallet for that like walletofsatoshi. Assuming you're already logged-in let's go to "create first gift". Simply chose the amount and then go down to "advanced options", leave it at the "standard option" and then click on "generate passphrase" this will make you 3 secret words that the recipient will need to redeem the money. And that should be it, congratulations! Now you just gave the gift that will never stop giving.

  The redeeming process is as simple, they just need to download a lightning wallet I suggest WalletOfSatoshi because of less friction and very easy to use.

Video For Visual Learners

I Hope you found value into this, thank you for reading!

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How To Run Your Own Lightning Node

 

 There are a lot of advantages of running your own lightning node such as: better privacy, generating your own lightning invoices for your business, run a BTCPay server, earning few sats in fees, using your lightning address to post on platform like Y'alls(yalls.org), stacker.news, and so much more.

The Video Version: On Youtube

  Bitcoin Tips:

- My Alby lightning Invoice

Step 1. First we are going to use Umbrel(https://umbrel.com/#start) to install our bitcoin full node, but to do so here is the list of everything(devices) we need:

1. Raspberry Pi 4

💡 All 2 GB, 4 GB and 8 GB RAM variants work with Umbrel. If you're

confused, pick 8 GB RAM for maximum performance. 

 2. Storage Drive 💡 Pick a large enough SSD (or HDD) for your use case. For eg.

if you want to run a Bitcoin node, 1 TB or more is recommended. 

 3. Storage Drive's Enclosure 💡 To connect the storage drive to the Raspberry Pi via USB. 16GB+ microSD 💡 The microSD card is only used for running Umbrel OS. All of your

apps and data is stored on the storage drive. 

 4. Power Supply 💡 Make sure to use the official Raspberry Pi power supply to

prevent any unexpected issues.

5. Ethernet Cable 💡 To connect the Raspberry Pi to your internet router. Case 💡 Wrap your new personal server in a nice box. :) 

Step 2. Download Umbrel OS.

Download Umbrel OS for Raspberry Pi on your computer. Link: https://download.umbrel.com/umbrel-os.zip

Step 3. Download Balena Etcher. Download and install Balena Etcher on your computer. It is required to flash the Umbrel OS file that you downloaded in the previous step onto the microSD card. Download Balena Etcher: https://www.balena.io/etcher/

Step 4. Plug the microSD card in your computer. You might need a card-reader if your computer doesn’t have one. Here’s

a good one on Amazon.

Step 5. Flash Umbrel OS.
Open Balena Etcher and flash the downloaded Umbrel OS zip file on the

microSD card.

Step 6. Insert the microSD card in the Pi.
After the flash is successful, remove the microSD card from your

computer and insert it in the Raspberry Pi.

Step 7. Connect the SSD.
Put the SSD in its enclosure, and plug it into any of the two USB 3.0 ports
(blue colored) on the Raspberry Pi.
👉 Any existing data on the SSD will automatically be deleted when you

turn on the Raspberry Pi.

Step 8. Connect to your router.
Connect one end of the ethernet cable to the Raspberry Pi and the other

end to any vacant port on your internet router.

Step 9. Power up. Connect the power supply to the Raspberry Pi to turn it on.

Step 10. Login After 5 minutes, your Umbrel will be accessible at http://umbrel.local on

any device that’s connected to the same network as the Raspberry Pi.

Assuming you successfully login to Umbrel, it will take a few weeks
to fully sync your Bitcoin core node but once done you will be able to
access your lightning node LND or Lightning Core by simply install the
apps from Umbrel app store and start opening channels.

  Conclusion, this was a quick way to plug and play your lightning node but
there are many other ways one can run a node. Umbrel is one of the simplest
ways but you can definitely use other interfaces like Mynode, NODL and many
others or you can even build your own from scratch if you are that ambitious. 
There are many other ways one can run a node. Umbrel is one of the simplest
ways but you can definitely use other interfaces like Mynode, NODL and many
others or you can even build your own from scratch if you are that ambitious. 
  I hope I did a great job laying down these strategies for you, If you have much
more knowledge on how to run a node and you would love to share with us
please do so in the comment section below. And also don't forget to give some
value back after you done setting up you node, you can use the pink button of
tippin.me link somewhere on top of the post . Thank you, Good luck on

your node set-up!