[ANN] Ħ [HODL] No Staking, 1% Standard Interest per Day, 750% APR For HOdlers

[runpaint]

Can you clarify what happens after 30 days?  If a user can't send coins to himself and start the 30 days over again, does that mean people won't get interest on coins they buy from other people?

Also, does the term APR decrease gradually, or every 16830 blocks?

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[stoner19]

While the term deposit concept is unique and fun, I find it difficult to willingly tie up the coins for a week, let alone a month or a year for the sake of interest. On 100 HODL term deposit the gains are ~ 6 HODL. Hardly worth both the aging time nor the risk of market additions & change.

Are the coins unusable/un-spendable while they're used as a term deposit? Nevermind I see the answer here:

once you make a term deposit, those funds are LOCKED until the maturation date. That's the price you pay for the very good interest rates.

So, yes, the coins are unusable until maturation date/block.

[BTCPAuction]

Can you clarify what happens after 30 days?  If a user can't send coins to himself and start the 30 days over again, does that mean people won't get interest on coins they buy from other people?

Also, does the term APR decrease gradually, or every 16830 blocks?

I have 2 machines mining - both with 1 block each (yay!!). If i send 1 to the other computer, can I then deposit 100 for a term of a 1 year? Or do I have to mine it, then deposit that block right away?

[jasemoney]

Can you clarify what happens after 30 days?  If a user can't send coins to himself and start the 30 days over again, does that mean people won't get interest on coins they buy from other people?

Also, does the term APR decrease gradually, or every 16830 blocks?

I have 2 machines mining - both with 1 block each (yay!!). If i send 1 to the other computer, can I then deposit 100 for a term of a 1 year? Or do I have to mine it, then deposit that block right away?

i assume (and i could be wrong) you could deposit the 50 on each machine for as long or short as you like..

10.1089
this should be 10 coins, 10 days, 89=special#  if i read correctly.

*edit, i was wrong it would be 10 days * 561 and the next two digits 89 all to the right of the decimal pt.

[runpaint]

It would be the same total whether you put 50 coins in term deposit on each computer, or send 50 to the other computer and deposit 100.  Same thing.

But the time code is blocks, not days.  If you send 10.00001089 (the 89 has to be in the hodortoshi decimal place) it will only lock the coins for 10 blocks x 154 seconds.  There is no bonus for term deposits unless you go over 1 week, 1 month, or 1 year.  A term deposit for less than 1 week would give the same interest as just leaving the coins in your wallet.

[stoner19]

Can you clarify what happens after 30 days?  If a user can't send coins to himself and start the 30 days over again, does that mean people won't get interest on coins they buy from other people?

Also, does the term APR decrease gradually, or every 16830 blocks?

I have 2 machines mining - both with 1 block each (yay!!). If i send 1 to the other computer, can I then deposit 100 for a term of a 1 year? Or do I have to mine it, then deposit that block right away?

i assume (and i could be wrong) you could deposit the 50 on each machine for as long or short as you like..

10.1089
this should be 10 coins, 10 days, 89=special#  if i read correctly.

Its days x number of blocks per day (561) plus the secret code of "89" added to the end.

so 10 HODL for 10 days should be 10.00651089

[BTCPAuction]

It would be the same total whether you put 50 coins in term deposit on each computer, or send 50 to the other computer and deposit 100.  Same thing.

But the time code is blocks, not days.  If you send 10.1089 it will only lock the coins for 10 blocks x 154 seconds.  There is no bonus for term deposits unless you go over 1 week, 1 month, or 1 year.  A term deposit for less than 1 week would give the same interest as just leaving the coins in your wallet.

Right...I only ask because the other machine may or may not be a work laptop..lol.

[jasemoney]

Can you clarify what happens after 30 days?  If a user can't send coins to himself and start the 30 days over again, does that mean people won't get interest on coins they buy from other people?

Also, does the term APR decrease gradually, or every 16830 blocks?

I have 2 machines mining - both with 1 block each (yay!!). If i send 1 to the other computer, can I then deposit 100 for a term of a 1 year? Or do I have to mine it, then deposit that block right away?

i assume (and i could be wrong) you could deposit the 50 on each machine for as long or short as you like..

10.1089
this should be 10 coins, 10 days, 89=special#  if i read correctly.

Its days x number of blocks per day (561) plus the secret code of "89" added to the end.

so 10 HODL for 10 days should be 10.00651089

is it 10.00651089
or 10.651089
i see my mistake above ill edit it

[stoner19]

Can you clarify what happens after 30 days?  If a user can't send coins to himself and start the 30 days over again, does that mean people won't get interest on coins they buy from other people?

Also, does the term APR decrease gradually, or every 16830 blocks?

I have 2 machines mining - both with 1 block each (yay!!). If i send 1 to the other computer, can I then deposit 100 for a term of a 1 year? Or do I have to mine it, then deposit that block right away?

i assume (and i could be wrong) you could deposit the 50 on each machine for as long or short as you like..

10.1089
this should be 10 coins, 10 days, 89=special#  if i read correctly.

Its days x number of blocks per day (561) plus the secret code of "89" added to the end.

so 10 HODL for 10 days should be 10.00651089

is it 10.00651089
or 10.651089
i see my mistake above ill edit it

10.00651089 is correct. You can try it for yourself in your own wallet. You'll get a popup saying something along the lines of "this is a term deposit in the amount of 10... blah blah blah." If you get this popup then you know you did the calculation correctly.

[runpaint]

Right...I only ask because the other machine may or may not be a work laptop..lol.

If you're going to hodl coins for a year, you should have the wallet backed up to at least 2 different thumb drives.   Then you can spend them from any computer.

[stoner19]

Right...I only ask because the other machine may or may not be a work laptop..lol.

If you're going to hodl coins for a year, you should have the wallet backed up to at least 2 different thumb drives.   Then you can spend them from any computer.

but if you're hodling them for the sake of the 4500% interest and put them in a 365 day term deposit there is no way to spend them until they reach maturation, which is 204,765 blocks.

[BTCPAuction]

Right...I only ask because the other machine may or may not be a work laptop..lol.

If you're going to hodl coins for a year, you should have the wallet backed up to at least 2 different thumb drives.   Then you can spend them from any computer.

but if you're hodling them for the sake of the 4500% interest and put them in a 365 day term deposit there is no way to spend them until they reach maturation, which is 204,765 blocks.

Yeah I just put 100 in for 365 days...guess I'm longing on HODL haha. Nowhere to see in GUI what you have in Term Deposits though it doesn't seem. That would be nice to see..what you have, then what it will be after X blocks/days.

[Kushedout]

Dang it, got two sessions going on AWS and Google cloud and no blocks yet :/
Than again, its only been an hour.

We needs a pool.

[proletariat]

trying to lock up some coins - got the pop-up and the estimated total at the end of the term but it doesn't look like it's adding the bonus. Should it?

[stoner19]

Dang it, got two sessions going on AWS and Google cloud and no blocks yet :/
Than again, its only been an hour.

We needs a pool.

I don't know much about the algo itself, otherwise we could potentially add it to my pool. From what I've looked at it appears to be SHA512, is that right?

I have it compiled for the pool already.

[antonio8]

Just seen this message in the getinfo 



Is that good or bad?

[FreeTrade]

Can you clarify what happens after 30 days?  If a user can't send coins to himself and start the 30 days over again, does that mean people won't get interest on coins they buy from other people?

Also, does the term APR decrease gradually, or every 16830 blocks?

When the value of an ordinary output (not locked) is calculated, the software only calculates interest for a maximum of 30 days - the user is free to move the balance any time and start earning interest again. Whoever owns the output gains the interest.

The bonus rate decreases gradually.

[FreeTrade]

Can you clarify what happens after 30 days?  If a user can't send coins to himself and start the 30 days over again, does that mean people won't get interest on coins they buy from other people?

Also, does the term APR decrease gradually, or every 16830 blocks?

I have 2 machines mining - both with 1 block each (yay!!). If i send 1 to the other computer, can I then deposit 100 for a term of a 1 year? Or do I have to mine it, then deposit that block right away?

Yes, you can also deposit any amount for a term of a year. There is no minimum or maximum amount.

[Nthused]

3Hrs trying to mine with 3 PC's, Core 2 DUO & 2x i5 and haven't hit anything besides 1 orphan.

[FreeTrade]

It would be the same total whether you put 50 coins in term deposit on each computer, or send 50 to the other computer and deposit 100.  Same thing.

But the time code is blocks, not days.  If you send 10.00001089 (the 89 has to be in the hodortoshi decimal place) it will only lock the coins for 10 blocks x 154 seconds.  There is no bonus for term deposits unless you go over 1 week, 1 month, or 1 year.  A term deposit for less than 1 week would give the same interest as just leaving the coins in your wallet.

It's 2 days actually - above 2 days you start to earn bonus for locking the funds up.