Post
Topic
Board Announcements (Altcoins)
Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments
by
dashingriddler
on 13/07/2017, 14:50:25 UTC
Distribution of bytes is finished, 110,411.089425997 GB distributed.  New available supply is 365,903.008377294 GB.  It is already updated on coinmarketcap.

Distribution of blackbytes will start in a few hours and will take much longer, likely more than 1 day.  I'll post when it is done.

Distribution of blackbytes is also finished now.

The next round is scheduled for the Full Moon of August: August 7, 2017 at 18:10 UTC.  The rules stay the same:

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

Putting this another way, to receive 1 GB from the distribution, you need to already hold 16 BTC or 5 GB.  These same holdings also give you 2.1111 GBB (giga-blackbytes).
Hi!

Great project, I like the distribution model a lot! It have gained a great community already.
~
It has? Yet when I asked a simply question it got ignored as if I was not serious with my inquiry about the wallet syncing.

Once again: It has been over 5 days of my wallet trying to sync non-stop in which I did an update from the website v1.9.1 install.
Now,

How long is it sposse to take to get it fully synced?

I wish to start to transfer to this wallet. And yes,
I know I can start to transfer to the wallet immediately even without syncing but I do not operate any of my wallets this way and have always allowed them to sync to their respective blockchain(s) before transferring anything of significant value to them.

I thank you for any response to this.
As it seems you are the creator and primary proprietor of this project.

Atleast the way people are talking about you on this thread. Undecided