Enter the pubkey and connection details for your lightning node.
Pay the 14000 satoshis fee (using Lightning!)
Once you’ve paid and moved to the next step, you’ll be told the node at the top of the chain. You then open a channel with that node.
Once this server confirms that a channel of the appropriate size has been opened, the top node is removed from the chain and the next node becomes available for the next payer. Your node is added to the bottom of the chain, and should gradually make its way to the top of the chain to receive its inbound channel.
Maybe. But then I’d have learned nothing about LND payment integration.
I... I think you may be in the wrong place. (The Lightning Network is a layer-2 payment protocol for blockchains. This site is specifically using Lightning for bitcoin mainnet.)
You can do this as many times as you like. You’ll have to pay 14000 satoshis each time though, and if you’re already the head of the chain you won’t be able to open a channel with yourself.
Yes. When this server looks to see if you have opened the channel, it checks for a minimum channel size of 125000 satoshis. Channel sizes larger than that are fine too.
Yeah, but it’s complicated. I’d like to have a buffer of a few nodes available so that I can still give you a node to open a channel with if you’ve already got a channel with the node at the head of the chain. (I imagine it would be frustrating being told you need to open a new channel to a node when you already have an existing channel there...) Also I don’t ‘lock’ chain entries, so it’s possible that there’s a window where the head of the chain will be seen by two (or more) users and will have two (or more) channels opened against it, while the chain grows in length by one (or more).
The best way to get in touch with me is probably via Twitter.
Yeah, I know. Sorry if it’s a hassle.