Back of the envelope comparison of btc lightning and nano transaction fees


tl,dr: With current prices nano fees (electricity for PoW) are at least around 10x cheaper than btc lightning fees.

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Today I tried a bunch of lightning transactions between wallets on my phone and tablet with channels open to different providers. Out of 18 transfers between 3 and 97000 sats in size, 8 succeeded within 3 s, 1 failed in 10 min and the rest are still in progress after 20-30 min. The fee for one was 100 sats and less than 20 for the rest, with couple of 1 and 2 sat transactions. With current btc price around 6 k€ that is at least about 1e-4 €.

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Nano [seems](https://github.com/nanocurrency/raiblocks/blob/994100dc8229137e49d440bdb13fe7b5b2767104/rai/lib/work.hpp#L38) to be aiming for 5 s PoW for sending one transaction, which assuming 50 W CPU, or one core of CPU, would require 250 Ws = 250 J of energy. With electricity price of 0.1 € / kWh or 3e-8 € / J that would be about 7e-6 € worth of electricity, or at most about 10% of btc lightning transaction price, usually much less.

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Encrybit takes a step ahead and has included the “Coin Comparison” feature on the exchange itself!


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https://i.redd.it/c6d2c63kbso11.png

There are over 2000 cryptocurrencies listed on [coinmarketcap.com](https://coinmarketcap.com). So, how will you choose the coin for investment or how will you decided your portfolio. It is difficult even when you consider only top 100 cryptocurrencies.

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It is true that a trader has to research on his own instead of relying on other’s advice. But what if your time is saved when you get to compare the coins on a single interface? Isn’t that amazing? There are some third party services offering the “Coin Comparison” service.

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Encrybit takes a step ahead and has included the “Coin Comparison” feature on the exchange itself! Visit our website: r/[https://encrybit.io](https://encrybit.io) to know more about other newly introduced features.

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You can review the Encrybit project document here – [https://encrybit.io/pdf/encrybit-wp-v1.pdf](https://encrybit.io/pdf/encrybit-wp-v1.pdf)

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The Coin Radar have just released their ICO review comparison spreadsheet. The spreadsheet collates ratings from the most respected ICO reviewers on the web to come to an aggregated score of upcoming projects.


The Coin Radar have just released their ICO review comparison spreadsheet. The spreadsheet collates ratings from the most respected ICO reviewers on the web to come to an aggregated score of upcoming projects.

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