Exactly. First you buy inbound liquidity and thereby open your first channel, then you can transfer bitcoin to your Hub via Lightning.
An inbound channel over 250k sats currently is ~10k sats. Not sure how you conclude 180 bucks buy-in?
Discussion
I think he believes that he has to purchase 250k sats, which would be about $165. It sounds like a misunderstanding of how it works.
I clicked "Open channel" in albyhub, then open first channel. I didn't already have a lightning wallet to pay the invoice qr, so i clicked the option for "Open channel with onchain bitcoin". so now I have 51000 sats in savings, but i need at least 250k to do it with this method I believe, and I'm not sure Icould recieve those sats back from the savings, it seems like they're locked up till I can finish this method of starting a channel.
Aside from the fee to open the channel, which is usually under 10k sats, the money you put into the channel remains yours. It'll be available to you when the channel gets 3 confirmations and is open. I went through the process a little under a month ago and it cost me like 7500 sats to open the channel and the 200k I sent as my initial deposit was fully available to me as soon as I got the 3 confirmations. That's in addition to the 10.5k Alby Cloud subscription fee (if you're using Alby Cloud). So, my total expense to get everything going was 18k.
I decided to cheap out on alby cloud and am running alby hub locally, which is probably where I went wrong. I'm definitely in over my head.
thank you for interacting and helping me out with the info!
Have you contacted support? They seem to be pretty eager and willing to help new users get things running.
No, I'm too nonconfrontational. can't waste their time with my small problem and instead have thrown it out into the cosmos where you picked it up haha. Instead, I've just scraped up all of the crypto I have sitting around in various coins, converted to btc, and hopefully I can afford the rest of what I need for the hole I already dug.
But... That's why they have a support department. Like, you are the exact person they had in mind when they decided to provide support services. I think it's worth an email. There isn't some more worthy customer out there who you will be depriving of support by asking for assistance.
You've got me there! I was hoping I had it handled, but now i'm only at 211,475 sats in the channel, it's recommending 40,000 more. I suppose i better see what they can do. If anything, this whole debacle has gotten me to do something with the stuff I had fermenting on AVAX.
I'm sure you're on the edge of your seat, I have reached out to support. Hopefully they can do something for me.
Hey nostr:nprofile1qqsyv47lazt9h6ycp2fsw270khje5egjgsrdkrupjg27u796g7f5k0spzemhxue69uhk2er9dchxummnw3ezumrpdejz7qgwwaehxw309ahx7uewd3hkctcprdmhxue69uhkummnw3ez6vfwde3x7tnpdenkzmnf9e3k75xqss4! Can you give this guy a hand? He's been struggling to get his self-hosted Alby Hub account going, and could really use your help. Help a brother out!
Hey, happy to see you running node on your own and choosing Alby Hub!
As I understand, Shifty, you have deposited 50k onchain to your Hub but the channel is not opened yet? You can open channels of any size, but larger is recommended, and some LSPs have larger minimal requirement. You can proceed with using these 211k to opening channel, should work totally fine!
Unless we misunderstood, let us know
We also host these sessions to help users navigate and solve some problems, pick your time at https://cal.com/getalby
Take care!
/tomekk
My math was probably bad. either way, I clicked "Open channel" in albyhub, then open first channel. I didn't already have a lightning wallet to pay the invoice qr, so i clicked the option for "Open channel with onchain bitcoin". so now I have 51000 sats in savings, but i need at least 250k to do it with this method I believe, and I'm not sure Icould recieve those sats back from the savings, it seems like they're locked up till I can finish this method of starting a channel.