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Topic
Board Announcements (Altcoins)
Re: Official BitBay Thread |Smart Contracts Wallet UPDATE|Decentralized Marketplace
by
Bitcoinman777
on 07/08/2015, 13:46:05 UTC
What's the stakerate everybody?

The stake rate is 1% annual interest. If you don't sell your stake for a year the compound interest equates to 1.01005% a year.

Feel free to check my math. http://www.wikihow.com/Calculate-Compound-Interest

Thank you. I did transfer some coins to another address, since they were locked. I suppose the year will start from the moment i transferred them or is the official date (4 months ago) used?

There is no "start date." You figure out what you would get in a year and divide that by 365 and that's how many coins you will get per day.

Sorry, but what you say makes no sense. As stated by 3r197 the compound interest for 1 year is 1.01005%.
In other words after 1 year you will get 0.0105% interest (extra). To achieve this, we need to have a startdate (so we can calcuate an enddate). Since on the enddate your compound interest would be paid.

Having said that.
I bought a 20 million bitbay a few months ago. (march/april). However when I tried to sent Bay from 1 wallet address to another address  (guess it would make more sence to hold everything in 1 address then 2). I got an error. By using coin control I was able to sent all mini transactions (over 2500) to my main address).
Situation
Address 1 3M
Address 2 2M
Combined  5M

So again, which date is used for the compound interest of the complete wallet
Buy date of 20M

Or
Buy date 3M
Last week (when I transferred it) 2M