Bitcoin Forum
October 22, 2017, 08:42:13 AM *
News: Latest stable version of Bitcoin Core: 0.15.0.1  [Torrent]. (New!)
 
   Home   Help Search Donate Login Register  
Pages: « 1 2 3 4 5 6 7 [8] 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 ... 240 »
  Print  
Author Topic: [ANN] Ħ [HODL] 5% Interest. No Staking Req. Term Deposits 10%. Solo Mining.  (Read 406989 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic.
FreeTrade
Legendary
*
Offline Offline

Activity: 1050



View Profile
February 04, 2016, 08:16:27 AM
 #141


Got two Blocks over night. More than 100 coins already. Very awesome, like it!
Especially the Computer is not so heating up using CPU instead of my Graphic Card.
Also doing term deposits works very well and smooth.
Surprised how easy and userfriendly this is already.  Smiley

Great work FreeTrade!

Hey thanks! I'm glad its working out for you. I'm planning to put in a menu option to start/stop mining to make it even easier.

Also today note the max APR is down from 4286% to 4270% . . . max APR will decline every day until the end of bonus period in 2 years.


HODLCoin ANN - 5% Interest. No Staking Req. Term Deposits 10%. Solo Mining.http://hodlcoin.com/
1508661733
Hero Member
*
Offline Offline

Posts: 1508661733

View Profile Personal Message (Offline)

Ignore
1508661733
Reply with quote  #2

1508661733
Report to moderator
1508661733
Hero Member
*
Offline Offline

Posts: 1508661733

View Profile Personal Message (Offline)

Ignore
1508661733
Reply with quote  #2

1508661733
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1508661733
Hero Member
*
Offline Offline

Posts: 1508661733

View Profile Personal Message (Offline)

Ignore
1508661733
Reply with quote  #2

1508661733
Report to moderator
1508661733
Hero Member
*
Offline Offline

Posts: 1508661733

View Profile Personal Message (Offline)

Ignore
1508661733
Reply with quote  #2

1508661733
Report to moderator
1508661733
Hero Member
*
Offline Offline

Posts: 1508661733

View Profile Personal Message (Offline)

Ignore
1508661733
Reply with quote  #2

1508661733
Report to moderator
NextGenCrypto
Sr. Member
****
Offline Offline

Activity: 462


View Profile WWW
February 04, 2016, 08:23:35 AM
 #142

Mining on a few machines.  Really like the concept here and look forward to seeing where this goes.

Already in the Slack, come join!   Grin

Kushedout
Legendary
*
Offline Offline

Activity: 1143


SaluS - (SLS)


View Profile WWW
February 04, 2016, 08:29:44 AM
 #143

Mining on a few machines.  Really like the concept here and look forward to seeing where this goes.

Already in the Slack, come join!   Grin

Yupe, me too. This will be a fun coin to play around with, like the concept a lot, would not expect interest based coin such as this from  PoW.  There is already pretty good group of people on slack.

So HODL I say...

MisO69
Legendary
*
Offline Offline

Activity: 1484



View Profile
February 04, 2016, 01:42:58 PM
 #144

Hey FreeTrade welcome back. Haven't seen you around for a while. I like this idea of locking up coins in order to gain interest. It should create scarcity for the first year or two. It will be interesting to see how this one plays out on the exchanges.

I think I'll spin up some of my better CPUs to mine me some.

 
⦁⚫⦁
     ▊▊▊▊▊▊▊▊▊▊▊▊▊▊▊▊▊▊▊▊▊▊▊▊▊▊ Trustless Ledger System ▊▊▊▊▊▊▊
  S H A R P E  C A P I T A L 
 

                 ▄▀▀▄
                 ▀▄▄▀
                 █
      ▄▀▀▄      █
      ▀▄▄▀     █
      █  █    █
     █    █  █
    █     ▄▀▀▄
   █      ▀▄▄▀
▄▀▀▄     
▀▄▄▀
▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
.
Investing with AI & Machine Learning
.
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ ⦁⚫⦁ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄  read our Whitepaper ▄▄▄▄▄▄
Bitcointalk Twitter Telegram  Slack
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
⦁⚫⦁
WorldCoiner
Hero Member
*****
Offline Offline

Activity: 560


Altcoinspekulant


View Profile WWW
February 04, 2016, 03:10:36 PM
 #145

I see, sounds good. Will try it out today with my P7. Long time ago I have used my machine for mining. Would be great to find a Block.

Installing the Wallet for Windows was quite easy, good dev!

Altcoinspekulant: Deutscher Altcoinblog.
FreeTrade
Legendary
*
Offline Offline

Activity: 1050



View Profile
February 04, 2016, 04:45:34 PM
 #146

Hey FreeTrade welcome back. Haven't seen you around for a while. I like this idea of locking up coins in order to gain interest. It should create scarcity for the first year or two. It will be interesting to see how this one plays out on the exchanges.

I think I'll spin up some of my better CPUs to mine me some.

Hey thanks! I forgot how much I missed the excitement of the altcoin scene. It's good to be back. Good luck finding some HODL. Remember to HODL them right up if you do.

HODLCoin ANN - 5% Interest. No Staking Req. Term Deposits 10%. Solo Mining.http://hodlcoin.com/
Kushedout
Legendary
*
Offline Offline

Activity: 1143


SaluS - (SLS)


View Profile WWW
February 04, 2016, 05:51:34 PM
 #147

Hey FreeTrade welcome back. Haven't seen you around for a while. I like this idea of locking up coins in order to gain interest. It should create scarcity for the first year or two. It will be interesting to see how this one plays out on the exchanges.

I think I'll spin up some of my better CPUs to mine me some.

Hey thanks! I forgot how much I missed the excitement of the altcoin scene. It's good to be back. Good luck finding some HODL. Remember to HODL them right up if you do.

Locking 4500 HODL for a year.  now we play the waiting game...

I'll continue mining it though, gona need some to play with on the market as well.

trader19
Legendary
*
Offline Offline

Activity: 1148



View Profile WWW
February 04, 2016, 08:49:20 PM
 #148

Hey FreeTrade welcome back. Haven't seen you around for a while. I like this idea of locking up coins in order to gain interest. It should create scarcity for the first year or two. It will be interesting to see how this one plays out on the exchanges.

I think I'll spin up some of my better CPUs to mine me some.

Hey thanks! I forgot how much I missed the excitement of the altcoin scene. It's good to be back. Good luck finding some HODL. Remember to HODL them right up if you do.

Locking 4500 HODL for a year.  now we play the waiting game...

I'll continue mining it though, gona need some to play with on the market as well.
good boy, did the same with mine 2k.. mining still

Join the Elastic revolution!  Elastic - The Decentralized Supercomputer
ELASTIC WEBSITE | NEW ANNOUNCEMENT THREAD | ELASTIC SLACK | ELASTIC FORUM
MisO69
Legendary
*
Offline Offline

Activity: 1484



View Profile
February 04, 2016, 09:51:17 PM
 #149

Hey FreeTrade welcome back. Haven't seen you around for a while. I like this idea of locking up coins in order to gain interest. It should create scarcity for the first year or two. It will be interesting to see how this one plays out on the exchanges.

I think I'll spin up some of my better CPUs to mine me some.

Hey thanks! I forgot how much I missed the excitement of the altcoin scene. It's good to be back. Good luck finding some HODL. Remember to HODL them right up if you do.

Locking 4500 HODL for a year.  now we play the waiting game...

I'll continue mining it though, gona need some to play with on the market as well.
good boy, did the same with mine 2k.. mining still

I got lucky last night! Mining with 3 CPUs i7 4790's and found 8 blocks. WOOT! a few more nights like this and I too will be HODLING 2000 coins for a year at crazy interest.

 
⦁⚫⦁
     ▊▊▊▊▊▊▊▊▊▊▊▊▊▊▊▊▊▊▊▊▊▊▊▊▊▊ Trustless Ledger System ▊▊▊▊▊▊▊
  S H A R P E  C A P I T A L 
 

                 ▄▀▀▄
                 ▀▄▄▀
                 █
      ▄▀▀▄      █
      ▀▄▄▀     █
      █  █    █
     █    █  █
    █     ▄▀▀▄
   █      ▀▄▄▀
▄▀▀▄     
▀▄▄▀
▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
.
Investing with AI & Machine Learning
.
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ ⦁⚫⦁ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄  read our Whitepaper ▄▄▄▄▄▄
Bitcointalk Twitter Telegram  Slack
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
⦁⚫⦁
FreeTrade
Legendary
*
Offline Offline

Activity: 1050



View Profile
February 04, 2016, 10:26:51 PM
 #150


I got lucky last night! Mining with 3 CPUs i7 4790's and found 8 blocks. WOOT! a few more nights like this and I too will be HODLING 2000 coins for a year at crazy interest.


A lot of people are HODLing for the maximum time period - it might not be the best strategy, as it  may create a big glut (price crash) at this time next year - better if maturation dates are spread out a bit - try 9, 10 or 11 months. I must put together a chart of the bonus interest paid against time periods.

HODLCoin ANN - 5% Interest. No Staking Req. Term Deposits 10%. Solo Mining.http://hodlcoin.com/
FreeTrade
Legendary
*
Offline Offline

Activity: 1050



View Profile
February 04, 2016, 10:57:56 PM
 #151

Here's the chart that shows the bonus paid on interest based on the term deposit -

Term deposits
1 week term deposit ~ 6.5% bonus on interest
1 month term deposit ~ 25% bonus on interest
3 month term deposit ~ 60% bonus on interest
6 month term deposit ~ 87% bonus on interest
1 year term deposit ~ 100% bonus on interest


HODLCoin ANN - 5% Interest. No Staking Req. Term Deposits 10%. Solo Mining.http://hodlcoin.com/
incognitoworker
Hero Member
*****
Offline Offline

Activity: 737


View Profile
February 04, 2016, 11:02:23 PM
 #152

Here's the chart that shows the bonus paid on interest based on the term deposit -

Term deposits
1 week term deposit ~ 6.5% bonus on interest
1 month term deposit ~ 25% bonus on interest
3 month term deposit ~ 60% bonus on interest
6 month term deposit ~ 87% bonus on interest
1 year term deposit ~ 100% bonus on interest


Nice, will be doing some 3-6month locks.

Happy time locking!
IW

Quotient- Closed loop economy enviroment experiment
https://bitcointalk.org/index.php?topic=1195335.0
Cryptoipad
Member
**
Offline Offline

Activity: 87

www.apple.com


View Profile
February 05, 2016, 01:18:29 AM
 #153

I'm joining the mining I want part of this coin that doesn't seem to need an exchange for the next few months..

Freetrade I really think you created a true coin to be hodl with this time lock idea.
FreeTrade
Legendary
*
Offline Offline

Activity: 1050



View Profile
February 05, 2016, 01:41:30 AM
 #154

I'm joining the mining I want part of this coin that doesn't seem to need an exchange for the next few months..

Freetrade I really think you created a true coin to be hodl with this time lock idea.

Thanks! Don't EXHCANGE, HODL.

Latest wallet is here -

https://drive.google.com/file/d/0B-5Ax5kejTpMZkl4dEhRLWlSYmc/view?usp=sharing

New nodes and better info on hashes per second in the debug.log file to help you tweak your mining.

HODLCoin ANN - 5% Interest. No Staking Req. Term Deposits 10%. Solo Mining.http://hodlcoin.com/
proletariat
Legendary
*
Offline Offline

Activity: 1022



View Profile
February 05, 2016, 01:46:18 AM
 #155

is the link above a third iteration or the same as the one you posted yesterday? if so, what changed?
FreeTrade
Legendary
*
Offline Offline

Activity: 1050



View Profile
February 05, 2016, 01:48:25 AM
 #156

is the link above a third iteration or the same as the one you posted yesterday? if so, what changed?

New stuff, minor - check the github for details,

Summary
New nodes and better info on hashes per second in the debug.log file to help you tweak your mining.

HODLCoin ANN - 5% Interest. No Staking Req. Term Deposits 10%. Solo Mining.http://hodlcoin.com/
Kushedout
Legendary
*
Offline Offline

Activity: 1143


SaluS - (SLS)


View Profile WWW
February 05, 2016, 01:53:55 AM
 #157




samsmith16
Sr. Member
****
Offline Offline

Activity: 434


View Profile WWW
February 05, 2016, 07:43:05 PM
 #158

I like the paying interest concept... I've seen it and a few other cryptos and I truly believe this could be one of the things we can give avg. people to help them A) get involve with Crypto and B) replace a function of  traditional banking..

I have decided to mine this coin a little and play around with it.. I haven't dug into the code at all so I may be talking out of turn however Im seeing a few things that I felt worth bringing attention to..

First thing I just need to clear this up a little.. the APR info in the OP is confusing well at least to me.. It shows "1 year term deposite ~ 100% bonus on interest" does this mean if you deposite for 1 year you get 100% of the annual APR? or does this mean you get 100% on top of the APR? I think the term "bonus" used in the 100% and "bonus" used in the APR description may be whats throwing me off..

Second I see 1st month ~ 2143% APR however we are at 4243% (at the time of writing this) was the OP written before you decided to bump the starting ARP? if so I can see why my math is off.. if not well then I'm not sure what I have wrong...

Third I havn't been able to work out the math on your dropping APR.. meaning starting at 4500% then dropping it 6.16438 each day for the 730 days (2 years) brings us to 0% however that would mean we are at ~4475% (time of writing) not ~4243% (time of writing) So I must be doing something wrong? The only reason I know its 4243% (atm) is by using the wallet pop-up prompt...

Forth I can see you worked hard to make it more advantages to lock (hodl) funds for longer periods vs.  short-term compounded schemes.. This is where the decreasing APR comes in handy because with 3 months at 60% if the APR remained constant it would be in someones benefit benefit to work the 60% short-term on a compound leaving them tempted to perhaps dump prior to the full year.. Now without me being able to factor this decreasing ARP I haven't been able to work out if the APR reduction reduction is timed proper against a 90 day compound scheme...

ok last thing.. From the OP and from what I can somewhat see in my wallet it looks like "all outputs" are supposed to earn intereset.. from your sig I think this is supposed to be 0.000015% per block.. once agian maybe Im looking at this wrong.. but I see may balance in my wallet increasing with almost every block.. The problem Im finding is (once again Im feeling lazy right now.. havent looked at the code..) is this intreast isn't like a PoS subsidy.. meaning I see my wallet balance increasing however when I go to Coin Control and  look at each of my coin holding addresses on the blockchian... I can't seem to find where the interest is going or coming from... Could you clear this up please.. where do we find this interest being paid and how does it work?

Any clarification you can give would be great...

I haven't seen to many hashrates posted (great work on the updated logging by the way) so I will post what I'm finding..

i7 3820 oc to 4.3ghz       - 148 h/s (8 threads)
AWS c3.4xlarge (16 cpu) - 206 h/s (best set @ only 12 threads)
AWS c3.8xlarge (32 cpu) - 501 h/s (best set @ only 30 threads)

I have 5 Xeon servers in storage... I'm going to point them at it here in the next few days.. I don't think cloud servers are ever a good source of what to expect with an algo like this.. I mean 140's per 8 threads on most rigs should be where we are at.. So my thoughts the AWS instances or low (seen it before..) I will know more when I spin up these Xeons


Royalties
pays interest on Term Deposits up to 15%!! Yes even Cold Storage!!
FreeTrade
Legendary
*
Offline Offline

Activity: 1050



View Profile
February 05, 2016, 07:55:43 PM
 #159

I like the paying interest concept... I've seen it and a few other cryptos and I truly believe this could be one of the things we can give avg. people to help them A) get involve with Crypto and B) replace a function of  traditional banking..

I have decided to mine this coin a little and play around with it.. I haven't dug into the code at all so I may be talking out of turn however Im seeing a few things that I felt worth bringing attention to..

First thing I just need to clear this up a little.. the APR info in the OP is confusing well at least to me.. It shows "1 year term deposite ~ 100% bonus on interest" does this mean if you deposite for 1 year you get 100% of the annual APR? or does this mean you get 100% on top of the APR? I think the term "bonus" used in the 100% and "bonus" used in the APR description may be whats throwing me off..

Second I see 1st month ~ 2143% APR however we are at 4243% (at the time of writing this) was the OP written before you decided to bump the starting ARP? if so I can see why my math is off.. if not well then I'm not sure what I have wrong...

Third I havn't been able to work out the math on your dropping APR.. meaning starting at 4500% then dropping it 6.16438 each day for the 730 days (2 years) brings us to 0% however that would mean we are at ~4475% (time of writing) not ~4243% (time of writing) So I must be doing something wrong? The only reason I know its 4243% (atm) is by using the wallet pop-up prompt...

Forth I can see you worked hard to make it more advantages to lock (hodl) funds for longer periods vs.  short-term compounded schemes.. This is where the decreasing APR comes in handy because with 3 months at 60% if the APR remained constant it would be in someones benefit benefit to work the 60% short-term on a compound leaving them tempted to perhaps dump prior to the full year.. Now without me being able to factor this decreasing ARP I haven't been able to work out if the APR reduction reduction is timed proper against a 90 day compound scheme...

ok last thing.. From the OP and from what I can somewhat see in my wallet it looks like "all outputs" are supposed to earn intereset.. from your sig I think this is supposed to be 0.000015% per block.. once agian maybe Im looking at this wrong.. but I see may balance in my wallet increasing with almost every block.. The problem Im finding is (once again Im feeling lazy right now.. havent looked at the code..) is this intreast isn't like a PoS subsidy.. meaning I see my wallet balance increasing however when I go to Coin Control and  look at each of my coin holding addresses on the blockchian... I can't seem to find where the interest is going or coming from... Could you clear this up please.. where do we find this interest being paid and how does it work?

Any clarification you can give would be great...

I haven't seen to many hashrates posted (great work on the updated logging by the way) so I will post what I'm finding..

i7 3820 oc to 4.3ghz       - 148 h/s (8 threads)
AWS c3.4xlarge (16 cpu) - 206 h/s (best set @ only 12 threads)
AWS c3.8xlarge (32 cpu) - 501 h/s (best set @ only 30 threads)

I have 5 Xeon servers in storage... I'm going to point them at it here in the next few days.. I don't think cloud servers are ever a good source of what to expect with an algo like this.. I mean 140's per 8 threads on most rigs should be where we are at.. So my thoughts the AWS instances or low (seen it before..) I will know more when I spin up these Xeons

Sam, wow, lots of great, well thought out questions there. I'll get back shortly with the answers.

HODLCoin ANN - 5% Interest. No Staking Req. Term Deposits 10%. Solo Mining.http://hodlcoin.com/
FreeTrade
Legendary
*
Offline Offline

Activity: 1050



View Profile
February 05, 2016, 09:11:52 PM
 #160

I like the paying interest concept... I've seen it and a few other cryptos and I truly believe this could be one of the things we can give avg. people to help them A) get involve with Crypto and B) replace a function of  traditional banking..

I have decided to mine this coin a little and play around with it.. I haven't dug into the code at all so I may be talking out of turn however Im seeing a few things that I felt worth bringing attention to..

First thing I just need to clear this up a little.. the APR info in the OP is confusing well at least to me.. It shows "1 year term deposite ~ 100% bonus on interest" does this mean if you deposite for 1 year you get 100% of the annual APR? or does this mean you get 100% on top of the APR? I think the term "bonus" used in the 100% and "bonus" used in the APR description may be whats throwing me off..

Second I see 1st month ~ 2143% APR however we are at 4243% (at the time of writing this) was the OP written before you decided to bump the starting ARP? if so I can see why my math is off.. if not well then I'm not sure what I have wrong...

Third I havn't been able to work out the math on your dropping APR.. meaning starting at 4500% then dropping it 6.16438 each day for the 730 days (2 years) brings us to 0% however that would mean we are at ~4475% (time of writing) not ~4243% (time of writing) So I must be doing something wrong? The only reason I know its 4243% (atm) is by using the wallet pop-up prompt...

Forth I can see you worked hard to make it more advantages to lock (hodl) funds for longer periods vs.  short-term compounded schemes.. This is where the decreasing APR comes in handy because with 3 months at 60% if the APR remained constant it would be in someones benefit benefit to work the 60% short-term on a compound leaving them tempted to perhaps dump prior to the full year.. Now without me being able to factor this decreasing ARP I haven't been able to work out if the APR reduction reduction is timed proper against a 90 day compound scheme...

ok last thing.. From the OP and from what I can somewhat see in my wallet it looks like "all outputs" are supposed to earn intereset.. from your sig I think this is supposed to be 0.000015% per block.. once agian maybe Im looking at this wrong.. but I see may balance in my wallet increasing with almost every block.. The problem Im finding is (once again Im feeling lazy right now.. havent looked at the code..) is this intreast isn't like a PoS subsidy.. meaning I see my wallet balance increasing however when I go to Coin Control and  look at each of my coin holding addresses on the blockchian... I can't seem to find where the interest is going or coming from... Could you clear this up please.. where do we find this interest being paid and how does it work?

Any clarification you can give would be great...


Ok, I should probably start writing an FAQ. I'll start here.

FAQ 1: How in heck do I calculate what interest I'm going to get?

1. The Standard Interest Rate
Interest is paid on regular balances (outputs), on every block, for a period of up to 30 days (561x30 blocks). The rate is  0.0000002384185791015625% (1/2^22). It's compounded every block, so the rate is approximated 5% APR. However, remember there is a maximum of 30 days, so to get that APR, you'd need to log in each month and shuffle the HODL to a new address.

2. Term Deposit Bonus
So if you lock an amount of HODL as a term deposit, you get a bonus on the interest. The longer the deposit, the bigger bonus. The bonus is just a multiplier of the interest, so if you locked up 100 HODL for 1 year, you'd expect a return of 5 HODL. The term deposit bonus for 1 year is about 100% - so at the end of the term you'd have 110 HODL (Capital 100 + Interest 5 + Term Deposit Bonus 5). See the chart for the multipliers, or use this formula - =(1-((409530-X)/409530)^7)*100  (X is the number of blocks to lock for, min 2 days, max 1 year)

3. Bonus Interest Rates
So here's where it gets interesting and also a little complicated. To encourage early adoption, astronomical rates of interest are paid in the early months. The max rate is 0.0000152587890625 (1/2^16). Compounded, the rate is 2274%. It's reduced every block by a multiplier - calculated like this =(409530-X/409530)^4 (X is the block where the amount is locked). See the previous chart.
So to calculate your full bonus return . . . it's
Principal + ((Standard Interest + (Bonus Interest * Bonus Multiplier))*Term Deposit Multiplier)


n.b. When a Term Deposit matures, it stops earning interest - you need to move it to start earning interest again.
n.b. Bonus rates are paid on regular balances too
n.b. The bonus rate is locked at the time of the transaction, the rate you can achieve reduces over time due to the multiplier, but once you're earning that bonus rate, it doesn't reduce.



HODLCoin ANN - 5% Interest. No Staking Req. Term Deposits 10%. Solo Mining.http://hodlcoin.com/
Pages: « 1 2 3 4 5 6 7 [8] 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 ... 240 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!