Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments
I did a Google search indeed. There is not much to find on this topic, but the most easy solution seemed to send all my black bytes to a wallet on another device, wait until confirmed and send everything back to the 'linked address'. Black bytes payments carry a payment fee in 'bytes', I think, but about 2,000-3,000 bytes per payment is negligible.
For the 'bytes' in my wallet: the explorer indicates that they have indeed moved to another 'change' address so the 'linked address' shows a balance of zero in the explorer. But for bytes that should not matter in respect of the airdrop; only the black bytes must really be in the 'linked address'.
[edit]: apparently, moving black bytes around makes no sense as they apparently do not count for the 20% bonus, but the 'bytes' must be in a linked address to be eligible for the 'black bytes' bonus.
Just followed up on the advice to move all 'bytes' to the main address again via the transition bot. Slow learner here...
Thanks for all the help.
For the 'bytes' in my wallet: the explorer indicates that they have indeed moved to another 'change' address so the 'linked address' shows a balance of zero in the explorer. But for bytes that should not matter in respect of the airdrop; only the black bytes must really be in the 'linked address'.
[edit]: apparently, moving black bytes around makes no sense as they apparently do not count for the 20% bonus, but the 'bytes' must be in a linked address to be eligible for the 'black bytes' bonus.
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BTC to bytes: 1 BTC of proven balance gives you 62.5 MB (0.0625 GB)
BTC to blackbytes: 1 BTC of proven balance gives you 2.1111 * 62.5 million blackbytes (money supply of blackbytes is 2.1111 times more than that of bytes)
Bytes to bytes: 1 byte on any Byteball address gives you 0.2 new bytes
Bytes to blackbytes: 1 byte on linked Byteball address gives you 0.42222 blackbytes
BTC to blackbytes: 1 BTC of proven balance gives you 2.1111 * 62.5 million blackbytes (money supply of blackbytes is 2.1111 times more than that of bytes)
Bytes to bytes: 1 byte on any Byteball address gives you 0.2 new bytes
Bytes to blackbytes: 1 byte on linked Byteball address gives you 0.42222 blackbytes
Just followed up on the advice to move all 'bytes' to the main address again via the transition bot. Slow learner here...
Thanks for all the help.
Here's a nice example. It helped me to understand the system better:
So I'm looking at rewards for this next distribution can you guys check my math here?
I put 5 BTC in byteball wallet, that should generate:
5 x .0625 GB which is 0.0625 X 10^9 bytes?
so i would be airdropped 0.3125 GB or 312,500,000 bytes
Correct.I put 5 BTC in byteball wallet, that should generate:
5 x .0625 GB which is 0.0625 X 10^9 bytes?
so i would be airdropped 0.3125 GB or 312,500,000 bytes
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but if i convert the BTC into bytes and put bytes in my wallet i get double the bonus
Correct.Quote
312,500,000 X 2 bytes or,
625,000,000 bytes?
Wrong!625,000,000 bytes?
You can buy about 15 GBYTE for 5 BTC now. That would get you 20% airdorp, so 3 GBYTE extra. After the airdrop you'll have 18 GBYTE and 0 BTC.
Right after the airdrop the price drops a bit again, last month just over 20%. A few weeks later (now) it's up again. It's a gamble, you can do it, you can profit from it, but there's a chance to lose too.
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Do i get even more for filling my wallet with blackbytes?
No. Read the OP again how it works 