Temporary Closure - for Upgrades
Posted 8 months ago by Shtacks_City
Dear Channel Partners,
I will need to close down all my channels maybe later this month. By this point, nearly all of my contracts should expire.
For those contacts with some time left outstanding, I would be happy to pay for your opening and closure fees where you opened a channel to me.
I am taking this step to prevent any accidental mistakes and avoid unnecessary loss of funds. These funds are important for the network from a liquidity/route availability stand point and to myself who likes to shtack sats.
Keeping all channels open would be great, however, I feel that this risk is too high with the setup changes that I will need to make in the coming months.
Thank you for your understanding.
Shtacks_City
I will need to close down all my channels maybe later this month. By this point, nearly all of my contracts should expire.
For those contacts with some time left outstanding, I would be happy to pay for your opening and closure fees where you opened a channel to me.
I am taking this step to prevent any accidental mistakes and avoid unnecessary loss of funds. These funds are important for the network from a liquidity/route availability stand point and to myself who likes to shtack sats.
Keeping all channels open would be great, however, I feel that this risk is too high with the setup changes that I will need to make in the coming months.
Thank you for your understanding.
Shtacks_City
3 Comments
Shtacks_City wrote 8 months ago
I aim to mutually/cooperatively close the channels at a time where fees are very low. 7 sat/vB or lower is my target.
Shtacks_City wrote 7 months ago
Given that fees are relatively high now, I will be delaying all of my upgrades until a better fee environment emerges.
Shtacks_City wrote 7 months ago
The purpose of doing these upgrades was to fix my connections issues which led to my node losing connection randomly. I will keep my node active for 2 weeks and if my node has no issues within this time period then I will keep the channels active and make no further changes to my setup.
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Lightning Network Node
Shtacks_City
Rank: 7 / Silver
Capacity: 57,053,350 SAT
Channels: 21
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Posted 21 days ago
Thank you.
Posted 3 months ago
Please reach out if you would like to open channels.
Posted 3 months ago
Connection is good.
Posted 6 months ago