Obyte: Totally new consensus algorithm + private untraceable payments - page 535.

kashish948

legendary

Activity: 1596

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Quote from: Michail1 on August 04, 2017, 01:08:29 PM

Quote from: kashish948 on August 04, 2017, 08:48:32 AM

Quote from: sinner on August 04, 2017, 08:40:56 AM

you get bonus on GBYTE no matter what.

you only get blackbyte bonus on GBYTE if it is linked to a bitcoin address (which could be empty--you can do this in 2 seconds with a blockchain.info address, or on Electrum).

so 20% extra GBB + 40% extra blackbytes right?

isnt it much profitable to buy GBB with your BTC rather than link BTC or am i missing something? (assuming price of GBB/BTC remains same)

No. Don't mix up the terms. GB vs GBB

20% on GB (Giga Bytes)
42% (approx) on GBB (Giga Black Bytes)

I think the confusion is people keep mixing up GB with GBB.

You get GB and GBB for linking your Byteball address with BTC.
GB gets 1:16 ratio for BTC (Example.... 16BTC linked gives you 1 GB)
GBB gets you about a 1:8 ratio from the BTC

Bonus....
GB to GB is 20%. So, if you own 1GB, after the airdrop, you have 1.2GB (not including any new GB from an airdrop if BTC still linked)

Better example.....

Let's say you have 16BTC. On July airdrop, 16BTC would have earned you exactly 1GB. If you didn't change anything (still own the 16BTC in the same linked address), then on Aug airdrop, you would have...

1GB (prior balance) + 20% bonus + 1GB (new airdrop) = 2.2GB

Going forward: Following month airdrop (if nothing changed), you would have.....
2.2GB (the now prior balance) + 20% bonus + 1GB (new airdrop) = 3.64GB

thanks that explains it perfectly Cheesy

Bitgenius777

full member

Activity: 420

Merit: 100

In what wallet should the byteball sit before I get the airdrop??

abonarea

legendary

Activity: 1526

Merit: 1003

Quote from: bcsuisse on August 04, 2017, 12:19:50 PM

SELL BCC, GEt BTC, Buy byteball .. thats what I am doing lately. who else is buying?

I am buying Byteballs on permanent basis but when price is reasonable not in panic like you. I also am not repeating your pattern of selling/buying. Just follow the market soon there will extremely perfect moment when buying will much more profitable. It is usual routine in byteball.

Michail1

legendary

Activity: 1499

Merit: 1164

Quote from: kashish948 on August 04, 2017, 08:48:32 AM

Quote from: sinner on August 04, 2017, 08:40:56 AM

you get bonus on GBYTE no matter what.

you only get blackbyte bonus on GBYTE if it is linked to a bitcoin address (which could be empty--you can do this in 2 seconds with a blockchain.info address, or on Electrum).

so 20% extra GBB + 40% extra blackbytes right?

isnt it much profitable to buy GBB with your BTC rather than link BTC or am i missing something? (assuming price of GBB/BTC remains same)

No. Don't mix up the terms. GB vs GBB

20% on GB (Giga Bytes)
42% (approx) on GBB (Giga Black Bytes)

I think the confusion is people keep mixing up GB with GBB.

You get GB and GBB for linking your Byteball address with BTC.
GB gets 1:16 ratio for BTC (Example.... 16BTC linked gives you 1 GB)
GBB gets you about a 1:8 ratio from the BTC

Bonus....
GB to GB is 20%. So, if you own 1GB, after the airdrop, you have 1.2GB (not including any new GB from an airdrop if BTC still linked)

Better example.....

Let's say you have 16BTC. On July airdrop, 16BTC would have earned you exactly 1GB. If you didn't change anything (still own the 16BTC in the same linked address), then on Aug airdrop, you would have...

1GB (prior balance) + 20% bonus + 1GB (new airdrop) = 2.2GB

Going forward: Following month airdrop (if nothing changed), you would have.....
2.2GB (the now prior balance) + 20% bonus + 1GB (new airdrop) = 3.64GB

bcsuisse

full member

Activity: 191

Merit: 100

SELL BCC, GEt BTC, Buy byteball .. thats what I am doing lately. who else is buying?

gal_v

newbie

Activity: 31

Merit: 0

On the oficial site you can get a free gb of the amount you have, how do i do it? The wallet's bote only gives to link Bitcoin adress, so how do i get the 1 gb to every 5 gb?

CryptKeeper

legendary

Activity: 2044

Merit: 1055

Guys! Byteball needs your help!

Please like our Facebook page at https://www.facebook.com/byteball.org/

Please follow @ByteballOrg, @Vindyne8 and @CryptKeeperBTT on Twitter!

Please retweet this: https://twitter.com/CryptKeeperBTT/status/893504820543447040

Thanks, you're great!

anonjdoe

newbie

Activity: 14

Merit: 0

Quote from: levelten on August 04, 2017, 11:02:18 AM

This is the best Airdrop ever IMO.

Definitely concur.

levelten

full member

Activity: 184

Merit: 100

Quote from: kashish948 on August 04, 2017, 09:56:43 AM

Quote from: LoyceV on August 04, 2017, 09:52:53 AM

Quote from: kashish948 on August 04, 2017, 08:28:22 AM

if i buy say 1 gb from bittrex today on a new account, will i get 0.2 gb added after the airdrop?

You don't get any airdrop if you leave your bytes on Bittrex.

Quote from: kashish948 on August 04, 2017, 09:22:45 AM

assume btc/gbb price remains same

This assumption is wrong, right after every airdrop the price has dropped due to people selling their free coins.

i understand, but assume price remains same and i have the gbb in my wallet. the gbb balance increases by 20% automatically right?

Regardless of the price, you will get 20% Byteballs + 42% Blackbytes extra on each Airdrop Automatically.
This is the best Airdrop ever IMO.

European Central Bank

legendary

Activity: 1288

Merit: 1087

The price always rebounds just before a distribution. People want more gbyte for more gbyte.

zxbball

sr. member

Activity: 311

Merit: 250

Why has the price rebound recently? Is it because of the distribution of the reasons, or because of the BCC, I do not know whether or not to go on those larger exchanges, in short, I feel Zhuang ready to enter

kashish948

legendary

Activity: 1596

Merit: 1000

Quote from: European Central Bank on August 04, 2017, 09:59:13 AM

Yes but the price absolutely will not remain the same. You could've more than doubled your gbyte if youd sold before the last distribution and bought recently.

yes i know that, but long term especailly after the 3 airdrops, it should be more profitable than just linking

European Central Bank

legendary

Activity: 1288

Merit: 1087

Yes but the price absolutely will not remain the same. You could've more than doubled your gbyte if youd sold before the last distribution and bought recently.

kashish948

legendary

Activity: 1596

Merit: 1000

Quote from: LoyceV on August 04, 2017, 09:52:53 AM

Quote from: kashish948 on August 04, 2017, 08:28:22 AM

if i buy say 1 gb from bittrex today on a new account, will i get 0.2 gb added after the airdrop?

You don't get any airdrop if you leave your bytes on Bittrex.

Quote from: kashish948 on August 04, 2017, 09:22:45 AM

assume btc/gbb price remains same

This assumption is wrong, right after every airdrop the price has dropped due to people selling their free coins.

i understand, but assume price remains same and i have the gbb in my wallet. the gbb balance increases by 20% automatically right?

European Central Bank

legendary

Activity: 1288

Merit: 1087

Selling before the airdrop and buying back a while after works like clockwork.

As more gbyte arrive i suspect the price per unit will reduce in the short term but it's still profitable if timed right.

LoyceV

legendary

Activity: 3290

Merit: 16489

Thick-Skinned Gang Leader and Golden Feather 2021

Quote from: kashish948 on August 04, 2017, 08:28:22 AM

if i buy say 1 gb from bittrex today on a new account, will i get 0.2 gb added after the airdrop?

You don't get any airdrop if you leave your bytes on Bittrex.

Quote from: kashish948 on August 04, 2017, 09:22:45 AM

assume btc/gbb price remains same

This assumption is wrong, right after every airdrop the price has dropped due to people selling their free coins.

kashish948

legendary

Activity: 1596

Merit: 1000

Quote from: Freefactomizer on August 04, 2017, 08:58:29 AM

Quote from: kashish948 on August 04, 2017, 08:48:32 AM

Quote from: sinner on August 04, 2017, 08:40:56 AM

you get bonus on GBYTE no matter what.

you only get blackbyte bonus on GBYTE if it is linked to a bitcoin address (which could be empty--you can do this in 2 seconds with a blockchain.info address, or on Electrum).

so 20% extra GBB + 40% extra blackbytes right?

isnt it much profitable to buy GBB with your BTC rather than link BTC or am i missing something? (assuming price of GBB/BTC remains same)

There is no reward for the blackbytes because they are private and it's not publicly known you own them.

even if you ignore blackbytes,

for 1 btc linked you get 0.0625 GBB or 0.015 BTC which is 1.5%
for 1 btc bought you get 20% more in GBB

is this right or theres more to it?

assume btc/gbb price remains same

vanillagalaxy

full member

Activity: 179

Merit: 100

Quote from: kashish948 on August 04, 2017, 08:48:32 AM

Quote from: sinner on August 04, 2017, 08:40:56 AM

you get bonus on GBYTE no matter what.

you only get blackbyte bonus on GBYTE if it is linked to a bitcoin address (which could be empty--you can do this in 2 seconds with a blockchain.info address, or on Electrum).

so 20% extra GBB + 40% extra blackbytes right?

isnt it much profitable to buy GBB with your BTC rather than link BTC or am i missing something? (assuming price of GBB/BTC remains same)

yes buying with BTC is way more effectively and profitable in long term aspect

Freefactomizer

full member

Activity: 346

Merit: 107

Quote from: kashish948 on August 04, 2017, 08:48:32 AM

Quote from: sinner on August 04, 2017, 08:40:56 AM

you get bonus on GBYTE no matter what.

you only get blackbyte bonus on GBYTE if it is linked to a bitcoin address (which could be empty--you can do this in 2 seconds with a blockchain.info address, or on Electrum).

so 20% extra GBB + 40% extra blackbytes right?

isnt it much profitable to buy GBB with your BTC rather than link BTC or am i missing something? (assuming price of GBB/BTC remains same)

There is no reward for the blackbytes because they are private and it's not publicly known you own them.

kashish948

legendary

Activity: 1596

Merit: 1000

Quote from: sinner on August 04, 2017, 08:40:56 AM

you get bonus on GBYTE no matter what.

you only get blackbyte bonus on GBYTE if it is linked to a bitcoin address (which could be empty--you can do this in 2 seconds with a blockchain.info address, or on Electrum).

so 20% extra GBB + 40% extra blackbytes right?

isnt it much profitable to buy GBB with your BTC rather than link BTC or am i missing something? (assuming price of GBB/BTC remains same)

Topic: Obyte: Totally new consensus algorithm + private untraceable payments - page 535. (Read 1234315 times)