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Topic
Board Service Discussion
Re: GAW Zen Hashlet PayCoin unofficial uncensored discussion. ALWAYS MAKE MONEY :-)
by
puwaha
on 05/01/2015, 13:39:00 UTC
I was just ranting about the .97%/day = 3000+% annual stake rate.

Maybe the geniuses at GAW forgot to take compounding interest

into account. At first sight, .97% per day does look like about 350%/year.

This is one of the better points in this thread. They multiplied instead of using an exponent.

You can't re-stake a prime controller.  Once you put the coins into it to start it up, you can't just keep putting coins into it.  So it's not compounding interest.

After the "round" (6 months) is up, you can re-stake the prime controller, and it has to be a minimum of 1% of all total coins.  So you can't just sell off all the coins your prime controller generated during the round of 6 months.