I'm no math wiz but looks like you got an obvious mistake here, unless I'm missing something.  Your 'yearly' figure is actually 10 months, not 12.

The price went through a pretty wild raise and fall, like many coins do. That's why I mentioned it, to warn people.

As for your calculations showing a 16.67%, I'm pretty sure you are wrong on that.  You are not factoring in the compounding nature of the interest.  Doing some simple calculations here:

10,000  coins   x  bought at price of 0.00012     = 1.2 BTc

With 6% monthly interest, that grows as your coin supply goes:

After 16 months you would have 25,403 coins, and at a market price of  0 x 0.00005, that's =  1.27 BTC

Also, one of big points that I'm trying to make is that its a good time to buy HBN. I really, really don't think it will fall 50% in value, as happened im my case. As said, the coin price hasn't fallen much below 0.00003 in over a year. If you bought at 0.00004 I don't expect it to fall to 0.00002.  And if you are talking short term, in one month, I find it extremely unlikely that it would fall 50%. 

Nothing is guaranteed. But I'm saying that getting a 6% on HBN, at least for the sake of argument lets say for 30 days, is vastly, vastly way better of an option of investment than some of the investments others are bringing up in this thread, especially the 'black box' type where large portion will be scams. And likewise, I think that these very strong odds of making 6% in 30 days are also vastly better than making 4% of 'standard / real world' investment bond, especially considering 4% hardly gets you anywhere when the American dollar will probably have about 2% or more annual inflation anyways.

Is HBN the greatest investment of all time ? No, but I think it is better bet than most.

Well sure technically any coin's bottom is '0', even bitcoin. Obviously, right.  The common sense bottom I'm talking about it is the likely lowest point of the coins daily average market trade.  My *estimate* for the bottom of HBN is 0.00003 because it hasn't gone lower than that in a year.

As for your second question, the ultimate answer is of course 'nothing'. But being as proof of stake coin there is less incentive for everyone staking the coin then the majority of other coins. Think of it, if you were generating a 6% stake interest a month, and the price was relatively stable for the last year, why would you want to sell your entire stake and crash the price? It would be in your best interest to just sell in small amounts, or just your monthly 6% or what not.

It is getting very demanding to run, but not sure if this can be helped.  

My dedicated staking machine is a mini pc with a 1.8ghz Atom processor and 1 gb of ram.  HBN just barely runs. It frequently goes to 'not responding' even though its the only application I have running. I am running the Windows version, I may try the a linux client to see if I can get more performance (I figure running something like Puppy Linux at least would free up more system resources).

But ya, 1.8Ghz with 1 gb of ram in Windows and I can barely even get to sync again (my blockchain got messed up and I've been trying to resync for a least week using the downloaded blockchain but not having much luck).

Not that I'm complaining, I realize a lot of processor power is required. But wanted to say for others who are looking at using a dedicated staking machine, you'll probably want 2GB o rammage.

Side note: damn, wish i bought more coins at 0.00003. I don't know if we'll ever see that price again, who knows.

Here's one just about as close to guaranteed 6% MONTHLY that you or anyone else can get:  the POS coin Hobonickels.

HBN coin offers 6% monthly without any shadiness or concern about dealing with scammers. (Which I've been really fucked with by the way, most notably Jon Montroll of Bitfunder who stole all his users' coins and by other disappearing investments.)

As your a noob, I'll give you a really basic breakdown of what PoS coin is (most others here I'm sure know already). PoS stands for Proof of Stake (as opposed to bitcoin, which is a POW coin, Proof of Work). For proof of stake coins, you effectively get an interest payment. By owning the coin and showing a stake in it, your wallet generates/mines new coins. That's the nutshell, read up on it more if you like.

About every 10 days you'll get 2% more coins.

I've done well with this coin.

Are there any catches? Yes, one big catch. Is that you will always generate the PoS interest but the market price of the coin is of course the be-all-end-all. So even though personally I bought X amount of coins a year and half ago and now how roughly double the coins, but as I bought in around 0.00012 a coin and it is now 0.00005 a coin, so haven't come out too far ahead.

The good news is though that for new buyer hobonickels is close to it's all time bottom currently. You could probably buy a decent amount for 0.00004 if you are patient (buy order for a week I'd imagine) and I highly, highly highly doubt it will ever sell less for 0.00003 again, and in fact, the indicators look like it will go up.

As with anything, check it out for yourself. I'd also like to say that this POS coin has the best wallet of any other POS coin. There are many POS coins but I'm not fully up to date on the rest. Like most coins, many other POS coins launched, then got pumped and dumped and never used again. HBN though, is the best of the bunch, and though it went through a pump and dump phase (at one point selling for 10x its current market value) I think it has the fundamentals and staying power to be a good investment going forward. Judge for yourself, of course.

Further reading:  
http://hobonickels.info/        Hobonickels homepage

Cryptocharts price chart for HBN:
http://www.cryptocoincharts.info/pair/hbn/btc/cryptsy/1-year        

Bitcointalk thread:
https://bitcointalk.org/index.php?topic=303749.0

Oh ya, one more thing. I hated the name 'hobonickels' and still don't like it much. But if its any consolation, a hobonickel was a real thing once upon a time, it was a hand made currency in the early 20th century, if that makes it sound any better to you.          

Disclaimer: I like hobonickels, think it is undervalued, and have a large holding of it so would of course profit from its growing popularity.  But everything I said here is true nonetheless.

Tranz is 'the man'.

If I had the power, I'd make him an honorary hobo / 

Also Tranz: don't beat yourself up much about not slaving away working on the client. Really, with the latest version, its great. You don't really need to work on it all that much. I'm not sure what else you even could have planned -- though happy to see any development and new versions, the HBN wallet seems really 'done' to me. It's quite stable and a great PoS wallet.

If anything I think you take off the development hat and put on a promoter cap; HBN is technically quite excellent and more people should know this (i.e could use more promotion or economic, market development).

Thanks for all your hard work.

If the American system had any underpinning logic it would have collapsed by now. But it doesn't.  But it doesn't need logic so much, as the fantasy-factory funny money will always reign supreme as long as the US military has the strength it does.  The federal reserve could raise their self-paid dividend for every dollar they print from 6% or 8% (I forget what it is) to 20% and start printing 'the dollar' on toilet paper, it would still not collapse, because if it collapses everything collapses.

Short version: logic doesn't really apply to the US financial system, its a a complete fabrication that every must adhere to because the banking cartels have solidified their hold over the monopoly on money years ago.

BTC-E has been just about the most reliable exchange out there.  Having lost money to Jon Montroll's bitfunder scam, and BTC at Gox, and other exchanges I have used either hacked or 'hacked', I don't have any complaints against BTC-E.

It being located where it is is also a BIG positive, not a negative. Russia and Belarus etc are some of the few areas that are not under complete control of the American banking empire/government.

Just...wow  !  After following this thread daily to almost never now a days I get on here and read these last two pages and fuck, not sure what to say.  Glad I saw the wind change this time and sold my lame 6 or 7 shares left 2 or 3 weeks ago.

If this is for real what a crazy rollercoaster its been. From a 4 BTC a share high to this. On a more negative note, if even AM is a scam, then crap: most to all of my bitcoin investments have ended in a scam or a hack.  F.C was just about the one guy in bitcoin that I always thought positively about lol.

Kidnapped? Lol really. You can't be serious.

20mb block limit? Crap, that will be a problem for block chain bloat. 200mb limit seems ridiculous to me, the potential for abuse is bad enough at 20mb, 200mb is lunacy, we can't have a block chain that grows a terabyte a week. Unless I'm missing something here.

Nope, money still stolen, like it has been for awhile and will continue to be. Well besides the possibility of that 1% chance of getting the 1% payment.

Congrats to AM! I was a bit pessimistic about the company's future last few months but gen4 sounds great, things are looking up. Definitely a company that I'd want to see succeed, from the get-go they've shown themselves to be trustworthy.

And looks like I was right thinking that was some inside good news responsible for the share price jump.

As was saying, sec is not limited to US. And at the least they could block any American users from using Havelock, which I'm assuming is where a good chunk of the userbase is from.

Jon Montroll, owner of weexchange was way past sketchy: the guy is a criminal. He stole over 5000 btc of his depositors money and absconded with a bunch of loans, never even giving an excuse. Hate this guy so much.

Burnsides SeC ruling worries me on Havelock's operating status. The SeC is basically the banking elites' monopoly enforcement agency , and have a global reach, so at least for American users there must be at least some reason for concern? The SEC is pretty much effectively above the law because they make the law on these matters, any threat to the Big Scam of the endless money machine their masters control will be quickly shutdown (its only the small scale of btc securities that have saved it so far
).

Regarding the recent share price increase (about 50% in the last few days, this is a big deal) I'm taking this as a very good sign regarding gen4, there is definitely some news that hasn't hit us yet. It could be just market manipulation, but I don't think so, because if there wasn't big news we haven't heard yet, then I think the guy with a few hundred shares would be too over exposed at .15 share price if there was no good foundation, because the price would quickly rebound to a more reasonably .10 and loose more money than gained IMHO.  I suppose it is possible its just one guy mostly buying and selling shares to himself...

Basically each pos coin has a staking term. i'll use hobonickels as an example. Every 10 days it mints .025% of your coin holdings. So if you had a 100 coins, you'd generate about .o75% extra coins a month. Over a year, this comes to about %90, return not including the big benefit of compound interest. To generate pos coins, in most cases you just have to leave your wallet running, its quite easy.

For anyone looking for more info on high stakes pos coins Google 'crazyloaf crazysteak thread bitcointalk' , here each high pos coin had a run down of terns and returns (though it may be out of date, new coins are made at such a crazy rate).

Personally I think higher than a 100% pos only coins should be generally avoided, as it is just too much sell pressure and inflation, without a physical market component most of these coins will only go down. With mining you have electricity costs for balance in production, but pos coins are almost free to generate, causing lots of downward price pressure. (HYP is a good example, look at its charts).

Lower pos return coins I like though, or pow pos combo coins. If you buy them at their bottoms you have a very strong chance to generate profit,

  

Nice! I didn't check the price today until just now... awesome, bought some more BTC the other week at 350.   

Awesome! Will check out...

Wow this is pretty huge news. Not just all the markets, but the fact that they broke the Tor network.

My prediction: they'll claim sort of 'homeland security' bullshit regarding how they can't divulge any of the vaguest of details about how they broke Tor, when in fact, its intelligence agencies just doing all the illegal snooping and raw traffic analysis to determine the Tor routing... probably most of the nodes are government operated.  And due to 'state secrecy' they don't have to even present the proof against the guys running the dark markets --  because they don't don't follow laws, that's for us instead, they operate outside of that.
 

This communication horse is dead.  About a 1000 pages ago I recommended FC hire a PR dude. I mean min wage in China is pr really low, it would not a big expenditure to hire a dude , even part time. Hell they could prob find an intern for free. But ya, not going to happen.

But the prismas don't have any tech support and they don't even have an integrated controller? It just was never intended for home users I guess. But they are selling it to them...

But this situation is just not gonna change, better communication was also promised a long time ago and never materialized.

 AM may be undervalued. But I think the reason for the dumps is less to do with confidence in AM as it has with instead just the general bear market we are in. Things look a bit bleak all over with usdbtc price falling, much if the alt coins get hammered, and mining dividends inexorably closing in on the break even point due to popularity and over saturation (as the protocol was designed to).

That said, AM is going to get only one more kick at the can with their next gen. Whether the company will retain its mining giant brief glory days, or fade away, is all up to those couple brains designing the mpu's right now (Mining Processing Units, not sure if I just invented that term or not )