I am writing because of Official Byteball Airdrop to Steemians post again. I was amazed how many people were helping each other out with the Steem attestation fee (it works probably because there is a referral rewards for those who do it), but I quickly realized that many people were asking the same questions over and over again, and now when the post has over 2000 comments, it is almost impossible to read those comments because it is so slow to browse (read it on Busy.org instead). Steemians have made that blog post so slow with thousands of comments, the same way they have made Byteball network confirming the transactions also slow.
So, while we wait for Byteball network to recover from massive interest of Steemians, here are some common questions about Byteball that can be confusing for newcommers:
How much does a transaction cost on Byteball network?
Over 500 Bytes and under 1 000 Bytes, which is worth currently less than 0.0001 US dollars (1 000 000 000 Bytes ~ $120). Basically, transaction costs as much as it takes space on Byteball DAG database.
Why does the blog post then say that I need to borrow 0.0006 GB (Gigabytes) for Steem attestation?
At the time of the announcement blog post mentioned above, fee for attestation was 500 000 Bytes, but it was advertised as 0.0006 GB (Gigabytes). Fee was then reduced to 49KB. Bot was initially sending “Payment request 0.5 MB” link as a payment request, but then started sending “Payment request 0.049 MB” (or 49 000 Bytes) link. Attestation bots ask fees to cover expenses like running the bot and posting attestation data about you to DAG (longer your name is, more it costs). Sometimes it can also include expenses like paying somebody to review your documents (Real Name Attestation bot).
Wait, what? GB, Gigabytes, Bytes, KB and MB?
Byteball Bytes are listed as Gigabytes (GByte ticker) on cryptocurrency exchanges, so initial fee was advertised as 0.0006 GByte is 0.6 MByte, 600 KByte or 600 000 Byte. Basically, fee was reduced from 500 KBytes to 49 KBytes, which is same as 500 000 Bytes to 49 000 Bytes, but since you also need to pay transaction cost when sending the attestation fee, it will most likely cost you now between 49 588 and 50 000 Bytes. Payment request is displayed in unit size that you have selected from wallet app settings (default is simply Bytes).
So, how much will it cost me to send somebody Steem attestation fee, so I can get referral reward?
Great question. You need to send them 50 000 Bytes, which is also 50 KByte, 0.05 MByte or 0.00005 GByte, but when you are sending them that amount, you will be paying first the transaction cost to send that amount to them. So, for referrer, it will cost 50 588 - 51 000 Bytes total, which is worth currently around 0.006 US dollars (1 GByte ~ $120). You can't send the amount directly to the bot address that was displayed to them because the payment needs to come from the user who is doing the attestation.
How many Bytes do I get when I do the Steem attestation and how much do I get when I refer somebody to do it?
Another excellent question :D Official Byteball Airdrop to Steemians post says that attesting a Steem user account with different reputation score will get you different US dollar amount worth of Bytes and 50% will be given immediately and 50% will be vested for a year in smart-contract. Also, referral reward depends on the reputation of the referred user and will get you 25% reward immediately and 75% will be vested for a year in smart-contract. All rewards are paid in Bytes and may be subject to change.
So, if you have reputation score at 37 then you will be rewarded with $20 worth of Bytes, which currently (1 GByte ~ $120) is 0.16722408 GByte, 167.22408 MByte, 167224.08 KByte or 16722408 Byte, you will get half now, half in one year.
If you are already attested your Steem account (this is a requirement to be able to refer somebody) and you are referring a user with reputation score at 37 then you get the same amount, just 25% now and 75% one year later.
So, how many Steemians like me (reputation 37) can be rewarded before the distribution fund runs out?
Wow, where do you get so smart questions? To calculate that, we need to know how much is in Byteball distribution fund and how much is already in circulation. Easiest place to find that number is CoinMarketCap, currently it shows that circulation supply is 645 946 GByte and total supply is 1 000 000 GByte, this makes that there is 354 054 GByte left in distribution fund yet to be distributed.
So, in case GByte price doesn't change (it will), all distribution fund will get distributed to only Steemians (it will not), all attested Steem accounts have reputation score at 37 (very unlikely) and every attestation would be referred by some existing Steemian (also not very likely) then we could do a calculation like this 354 054/(0.16722408*2) ~ 1 058 621.
We can calculate rough estimates in case most Steem users who attest are between 40-50 by dividing the number by 2, so in that case it would be 500 000 users.
If most users have reputation between 50 and 60 then it would probably last for 250 000, but that is only if the other conditions don't change.
Steem attestor.Amount of already attested Steem accounts can be seen there https://byteball.co/attestors as
Math is hard. How am I suppose to be able to calculate these Byteball amounts?
Well, one of the reasons why I made this blog post is because I made a tool for that and if you have noticed, I have already linked previous examples to it, here is the link to that tool again https://tarmo888.github.io/bb-convert/
Can that tool do anything else than just calculate different amounts?
OK, you probably have figured it out already that these are not real questions and I am actually answering to my own questions (still based on answers that I have given in that blog post comments). So, with that tool, you can calculate many fiat (government issued) currency amounts into Byteball amounts, including different Byteball own amounts (GByte, MByte, KByte and Byte).
The whole point of that tool was initially to help users, for example, send 5 US dollars (or 5 euros) worth of Bytes to other users by simply filling some fields and clicking the "send with Byteball wallet" button, which would automatically open your Byteball wallet app waiting to be confirmed to send right amount of Bytes.
Then couple days later, I figured, it could also be used to request $5 worth of Bytes by sending a link of automatically filled form to somebody or showing somebody a QR code that gets generated when the form is correctly filled (Byteball wallet app has QR code reader built in). That link can also be used to add a $5 dollar donation link to your website or blog, like this: please donate me $5 worth of Bytes if you find this tool or blog post useful.
You could also ask other users to donate 1 STEEM worth of Bytes to your Steem username like this (change the username to yours) (this last link needs at least v2.4.1 wallet).
And that is not all (now this blog post is 100% commercial parody), if you wish, you can send $160 (maximum reward for Steem attestation) to 120 people (maximum amount for mass payment) by adding all the addresses (multi-address form supports currently only Byteball addresses) to multi-address sending form. By clicking on one of the "copy" buttons below (depends what unit size you have selected in wallet app settings - default is Bytes), it will put a equally divided payment order list to your clipboard, ready to be pasted into Byteball wallet app. How neat is that?
This is very detailed and helpful, thanks for writing this up!
Great write up and Answers many questions in my mind.
I have a problem and I think you can help me solve it considering your knowledge and a contributor to byteball team.
I am trying to exchange my byte into btc for a test because I intended to return it back into bytes and then steem.
Now I am stuck. Please come to my aid. Kindly give me your discord username. Thank you.
@stevenmosoes
You can exchange Byteball on many of these exchanges, but these exchanges have to update to new full node because the changes made in the core yesterday, so they might be still in maintenance mode.https://byteball.org/#exchanges
I am not using Discord, but there is official Byteball Slack and #helpdesk channel.
I try to exchange it and I was given an address to send my bytes to and after sending, I haven't heard anything since then. It keep saying we are waiting to receive your bytes.
Please kindly help.
My username is the same with steemit username. I have also follow you. Looking forward to working with you more.
I also have a community that we can drive byteball through. Let me know if we can work together on this.
@stevenmosoes
Where did you send it? I have only used Bittrex and that shows that Byteball wallet is currently offline because of the full node upgrade.
I haven't used it used any of the exchange bots in wallet app, so I do not know if they have upgraded and working, but either way, it could take 5-15 minutes to receive the Bytes and hours to send BTC, so I would recommend you to use Bittrex or UPbit instead.
Bittrex GBYTE wallet is out of maintenance and it's possible to deposit/withdraw again.
Hi, I have another question, maybe you can help me with. When will byteball pay out the referral reward?. Best Regards @tarmo888
Referral rewards should happen exactly at the same time as attestation reward, but for referral reward you get 25% now and 75% will be locked in smart-contract. Maybe there were problems during the time whole network was slow, but there haven't been any code changes since Jul 13 to the bot. https://github.com/byteball/steem-attestation/commits/master
There could be many reasons why the referral bonuses have not arrived:
Thank you for all this informations! Finaly my first reward received :) but should come more. Can of course be because of the slow network and the syncing problem during last days as you mentioned in the first point. Would be understandable with the whole participants. Thanks again for all the tips and the detailed explanation about the ref system. I learned new
Great!
I am resteeming thanks for your help.
hi @tarmo888
I'm a bit confused by your numbers. When you say 1 058 621
Does that mean that there is still enough in the development fund for 1 million, 58 thousand and 621 Steemians to receive tokens? (assuming the conditions you cite). 😊
Thanks!
Yes, not "development fund", but "distribution fund", but since most Steemians have higher reputation than 37 then we could probably divide that number by 2 or even 4 times, which would still give us quite high number of Steemians ~ 264 655 who could get a reward. So I don't expect that fund running out that soon, unless they release attestation to some other social platform :wink: :wink:
Well now you've got me worried with your :wink: :wink: @tarmo888 😂
My reputation is at 59 so I would like to try and get it to 60 before trying to download a new wallet on another device (the transactions never did turn up in the one on my phone).
But I don't want the "distribution fund" to disappear because it's been released on some other social platform.
Decisions, decisions. 😕
:D don't worry, I winked because there are probably more distributions like this coming, but not yet released, so you have plenty of time. My only worry is that they could change the amounts for different reputations (most likely the lower scores, not the higher).
As in reduce them do you mean @tarmo888?
This was in original post, so it can happen that people with lower reputation scores might start getting lower rewards at some point if somebody decides to automate the process of making reputation 30 users on Steemit.
Ah. I see @tarmo888. Thanks for the explanation. It probably won't apply to me then as I'm trying to get to 60. 😊
Thanks for the info :) does anybody was able to receive the referral reward?
Also, @tipu upvote this post for 20 sbd :)
Wow, thank you so much.
Thanks for info.
You are welcome, I hope it helps, feel free to ask more questions because I might do another one with questions that I didn't put into this one.
finally son answers to our questions!! thank you so much for the post! i will try to translated it to spanish if you dont mind so many in that community have this same questions in mind and your post is so good! please let me know if i have your permition to do it!
Yes, feel free to do it, that would be awesome. Also, let me know if some parts of the answers are not clear.
Thanks for the information. Cryptocurrency tends to be complex so any explanation is useful.
I am glad that I can help with the knowledge that I have already acquired.
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Help me...this my addres..5MYXFBZJ5P2A25PHOQMIGEXI4YSGW3DH
It seems that somebody just helped you 8 minutes ago with right amount of Bytes (50 000) and the transaction is already confirmed too, but there is no official announcement yet, so I do not know if the bot works properly already, I will wait when it is officially announced.
yes ,, but I do not understand why not yet can I register with my steem account. Thank you very much.
Just announced on official Slack, Steem attestations will resume after 12pm CET.
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Friend how do I change this to STEEM or SBD?
You send it to Bittrex or UPbit exchange, exchange it to BTC and then exchange it to STEEM or SBD and then can send it to Steemit.
But not all exchanges have upgraded to new full node software, so their Byteball wallets might be in maintenance mode right now and not allow deposits or withdrawals yet.
You can explain how I sent it to Bittrex
As I said, Bittrex is doing the wallet maintenance at the moment and deposits are disabled, so you can't send it there yet, until they upgrade.
I understand but could you explain to me a little the procedure of how to do that?
still not the steps to follow
But since the Bittrex wallet is in maintenance mode right now, the "Make a deposit is in gray color, once it becomes green, you can click it.
When the transaction has confirmed in your Byteball wallet and Bittrex wallet then you can go to Markets view on Bittrex and exchange your Bytes to BTC and once you have exchange it to BTC then you can exchange it to anything else.
Thank you very much, this was a great help for me. I'm new to this.
https://cryptox.pl/ came out of maintenance and is accepting Byteball Bytes now again. So, if you know how to get STEEM or SBD for BTC or BCH then Cryptox has GBYTE/BTC and GBYTE/BCH pairs on their exchange. I haven't used them so I don't know what are the steps there.
Bittrex GBYTE wallet is out of maintenance and it's possible to deposit/withdraw again.
Your post was mentioned in the Steemit Hit Parade for newcomers in the following category:Congratulations @tarmo888!
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Hello, very interesting friend, do you think that if I create my wallet, could you help me by sending my code?
Do you mean, send you the 50 000 Bytes, so you could pay for the attestation? Sure. Just paste here your address from the Receive tab from the app and if I don't send it, somebody sure will.
If my friend to pay the attestation in a while I will make my registration
You help me friend?
77RQAPWU6G36LDSBVNW55DKOXZKDPB3H
Looks like it took only 7 minutes and somebody sent you more than you need. I suggest others to always check if they already have enough, no point to send somebody more if they are not the first to send the 50 000 Bytes, because only the first will get the referral reward.
Hello how are you? Already believe my wallet help me please?
KCXNDWFZ5FIWGMN7HPR23P6NHB3XAO57
Nice, somebody sent you the right amount of Bytes (50 000) within 5 minutes you posted and it looks like you also got your attestation done.
@tarmo888 how to recover lost byteball wallet in andorid ?
Very first thing you should do with any cryptocurrency wallet is to backup your seed words. If you have made attestation or bought private assets like blackbytes then you should also do regular full backups (seed words don't recover that data).
If you didn't write down seed words or didn't do the full backup then there is not much you can do to recover lost Byteball wallet.
post but still i am not getting the referral bonus. please check sir .so that mean i lost my old account but now i created new one. on my @imransoory id. by using steem connect. i made two referrals from my
How did you do the referrals, by sending the link to them or by sending 50 000 Bytes? Did you checked on Explorer before sending that you were the first one to send them Bytes?
oh sorry and thank you for open my eyes. now i check the explorer and then send. actually i am providing download link and 60,000 byets too.
It is important that you are the first to send them the Bytes (they don't need more than 50 000 Bytes), referral link is just a fallback when the bot can't find any already attested user to give the referral reward.
ok thank you for your reply
It was It's interesting to read, so we need to quickly start share links now :))
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About byteball I have read that they distribute the pool once every month (every full moon to be exact) I just want to know if they still distribute or if accounts that was backed up still receive their share ??Hi :) Just a question @tarmo888
It's just that I only backed up my byteball account and was not active on a device. My laptop crushes at the moment and I still don't have the fund to buy a new one. also my cellphone was snatched a month ago 😭 😭 😂😂
The distribution that was during the full moon was airdrop to BTC owners and this is not an ongoing distribution method anymore, current distribution methods are listed on the website and one of them is this Steem attestation https://byteball.org/#dist
owww I see, seems that it was no longer exist how sad :D
Thanks by the way thank you for your time sir @tarmo888 I really do appreciate it.