Quote from: DisasterFaster on November 07, 2017, 04:22:40 AM

Quote from: seasonw on November 07, 2017, 03:54:11 AM

Quote from: TheRaster on November 07, 2017, 02:25:14 AM

Yes you can use the same wallet address in as many rigs as you like.

Thanks

Quote from: DisasterFaster on November 05, 2017, 05:41:01 PM

Standard POS Reward: Approximately 8% APR
Standard Term Deposit Reward: (2 days up to 1 year)
   1 Week Term Deposit 2.12%
   2 Week Term Deposit 4.49%
   1 Month Term Deposit 10.87%
   3 Month Term Deposit 45.39%
   6 Month Term Deposit 125.05%
   12 Month Term Deposit 426.38%

I have a question on PoS and term deposit, for example I have 1000ROI, and I sign up 1 week term deposit. So, after 1 week, I will get 1000ROI + term deposit 2.12% + PoS 8%, is it correct?

Very interesting question.

The way the code is written the term deposit is a multiplier on top of the standard POS reward. So the standard POS always exists and then a term deposit multiplies it and the longer the term deposit the bigger it multiplies. So yes on your question they are actually combined however I would say a no on your question where you say "I will get 1000ROI + term deposit 2.12% + PoS 8%" The rate examples shown for 1 week through 1 year are a total payout with everything combined if that makes sense.

When you do a term deposit the wallet will actually tell you what the payout will be and once the term deposit is complete the wallet will display many term deposit details such as Principal, Accrued Interest, Accrued Value, On Maturation, Term Length, Deposit Block, Maturation Block and Estimated Date.

One thing I want to point out is that for the sake of simplicity I do tend to refer to interest rewards in the form of days, weeks months or year. The truth is it is actually specifically tied to the blockchain blocks. Every time the block chain spits out the next block the POS reward is updated and thus you do earn POS interest 24/7 and immediately. Now term deposits also are specifically tied to the blockchain blocks as well. So since the blocks are coded to be 2 minutes apart a 1 day term deposit is more accurately defined as 720 blocks.

Why does this matter? It matters because the blockchain is not going to run like a swiss watch at precisely 2 minute block timing. The block timing will vary because the difficulty algorithm (MIDAS) will respond to changes in hashing load that will impact the block timing. In other words the block chain could actually can and will run at a different time interval than exactly 2 minutes and this in turn would make a change to the interest payout in terms of describing it in a time frame of days, weeks, months, year.

I hope this is making sense I don't always do a great job explaining stuff. Just know this... the POS is very reasonable and the term deposit is very exceptional and you will be rewarded more the longer you term deposit the coins. All listed interest payouts are approximate numbers and subject to vary based on the actual timing of the blockchain.

Thanks for the detailed explanation. The term deposit is totally a new concept in crypto currency world. I'm very excited and immediately place my one and the only mined block reward into one week term deposit to try out