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Mushoz
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June 22, 2012, 12:12:39 PM |
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10 Week Deposit: 2.5% payout weekly (10% monthly, or 25% for entire term)
2,5% weekly interest over 10 weeks should actually be 1,025^10 = 1,280084544 =~ 28% over the entire 10 weeks 25% over 10 weeks is "only" 1,25^(1/10) = 1,022565183 =~ 2,26% weekly. So which one is it? Thanks  |
www.bitbuy.nl - Koop eenvoudig, snel en goedkoop bitcoins bij Bitbuy!
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According to NIST and ECRYPT II, the cryptographic algorithms used in
Bitcoin are expected to be strong until at least 2030. (After that, it
will not be too difficult to transition to different algorithms.)
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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der_meister
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June 22, 2012, 12:34:07 PM |
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"payout weekly" i.e. not compounding interest |
Moving on is a simple thing,
what it leaves behind is hard...
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ShadowAlexey
Donator
Legendary
 Offline
Activity: 968
Merit: 1002
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June 22, 2012, 12:40:11 PM |
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Sorry for grumbling, but how are you planing to cover loss of 2k btc with your 4btc\day with increasing difficulty?
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Mushoz
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June 22, 2012, 01:39:39 PM |
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Are you investing in Pirateat40's Bitcoin Savings and Trust or a pass-through operation for BST?
And if so, how big of a % of your total funds is invested with him and are you able to guarantee payouts if Pirate defaults?
Thanks!
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www.bitbuy.nl - Koop eenvoudig, snel en goedkoop bitcoins bij Bitbuy!
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cytokine
Donator
Full Member
Offline
Activity: 224
Merit: 100
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June 22, 2012, 09:25:49 PM |
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watching my investment  |
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nckrazze (OP)
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June 23, 2012, 01:23:00 AM |
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Sorry for grumbling, but how are you planing to cover loss of 2k btc with your 4btc\day with increasing difficulty?
Haven't updated yet, and I also invest in other opportunities that rise up, I have some of my personal coins with Pirate, but none of the coins of my depositors. I keep a fine line between the two. |
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Mushoz
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June 23, 2012, 03:50:41 PM |
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Can I get a deposit address for a 10 week term, with a weekly 2,5% payout? I would like to deposit 11BTC. Thank you very much in advance! Edit: Oh, nevermind. I didn't notice the minimum is 100 BTC. My bad |
www.bitbuy.nl - Koop eenvoudig, snel en goedkoop bitcoins bij Bitbuy!
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nckrazze (OP)
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June 29, 2012, 11:18:08 PM |
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All payouts for this week paid out. Please confirm receipt.
*Table also updated.
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thirdlight
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June 30, 2012, 08:23:09 PM |
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Interest payment received. Thanks,
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nckrazze (OP)
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July 07, 2012, 12:10:25 AM |
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Deposits sent out, please confirm.
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cytokine
Donator
Full Member
Offline
Activity: 224
Merit: 100
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July 07, 2012, 02:01:15 AM |
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Deposits sent out, please confirm.
Confirmed!  |
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gsan
Member
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Activity: 72
Merit: 10
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July 07, 2012, 11:59:09 AM |
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Deposits sent out, please confirm.
Received, thanks. |
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vokain
Legendary
Offline
Activity: 1834
Merit: 1019
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July 09, 2012, 07:23:38 PM |
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How do you ensure these fixed interest rates stay fixed? Surely they differ from month to month
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SimBesh
Member
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Activity: 89
Merit: 10
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July 10, 2012, 12:03:15 AM |
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How do you ensure these fixed interest rates stay fixed? Surely they differ from month to month
only his profit on top of the 2.5% would vary. |
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thirdlight
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July 10, 2012, 06:22:42 AM |
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How do you ensure these fixed interest rates stay fixed? Surely they differ from month to month
Are you getting confused with weekly & monthly? 2.5% a week is 2.5% a week, but a different amount each month (Feb is 10%, March is 11.??%). Was that it? |
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vokain
Legendary
Offline
Activity: 1834
Merit: 1019
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July 10, 2012, 05:22:37 PM |
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How do you ensure these fixed interest rates stay fixed? Surely they differ from month to month
Are you getting confused with weekly & monthly? 2.5% a week is 2.5% a week, but a different amount each month (Feb is 10%, March is 11.??%). Was that it? I was referring more to business models that are dependent on loans of 2.5%/week. Most businesses will have a varying degree of profit margins, which you note that it changes from month to month. If nckrazze doesn't deal in fiat (aside from his mining op) how does he afford more to acquire more bitcoins to pay the interest on the principal? |
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phantitox
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July 11, 2012, 05:35:55 AM |
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are you accepting new depositors?
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nckrazze (OP)
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July 11, 2012, 12:51:11 PM |
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are you accepting new depositors?
Yes. |
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Onichan
Newbie
Offline
Activity: 47
Merit: 0
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July 13, 2012, 02:09:13 AM |
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I would like to setup a one month account.
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nckrazze (OP)
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July 13, 2012, 05:56:41 AM |
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I would like to setup a one month account.
PM'd |
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