I am interested in understanding how increasing the max block size will increase bandwidth. So is your bandwidth determined by how many blocks you can have content in over a period of time? So by increasing it you could get more in per block, therefore increasing the amount you can add (posts, upvotes, etc) with the same SP?
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The Max Block Size is part of the formula for bandwidth calculations. Doubling the number will double the amount of available bandwidth per SP. That's at least my understanding of it based on the conversations that I've had with people who understand it all better than I do :)
What the precise formula for bandwidth calculations?
Also, what is the formula for the account creation cost, in both Steem and US$? Is the increased "cost" related to the increased price of Steem and/or the computational costs?
Thanks
I've dug through the code to understand it before, and it is quite complicated. I don't 100% understand it even after reading it a few times. Maybe someone else with a better understanding can help.
The witnesses set an account creation fee. You can see what each witness is setting on https://steemd.com/witnesses (under Reg Fee). You can pay liquid STEEM or delegate SP. The cost is 30x the account creation fee. You can also delegate up to 29 of the 30, but each STEEM that is delegated costs 5x as much.
With the current account creation fee of .2:
30x.2 = 6 STEEM..2 STEEM+29 * .2 * 5 = 29 Delegated SPHow long do you have to delegate that SP to the witness? Is there a good tutorial on the account creation process that you know of? I'm looking to onboard a lot (possibly 1000s) of my audience into a niche based steemit spinoff and trying to figure it all out for the plan.
When you delegate SP, you can technically revoke it right away but I believe it takes 30 days before it is usable again. As far as the onboarding process through Steemit.com, there is info in the FAQ page. There is also the "Quick Start Guide", which is where they will land after their account is fully approved. (Links to both pages are in the main menu in the upper right.)
If you are looking to open the accounts yourself and either pay or delegate the SP, here is a tutorial/tool: https://steemit.com/news/@timcliff/new-tool-from-busy-org-create-new-steem-blockchain-accounts-with-steemconnect
that makes sense.