Post
Topic
Board Announcements (Altcoins)
Re: [ANN][KMD][dPoW] Komodo - Zcash Zero Knowledge Privacy Secured by Bitcoin
by
hiphoptrail
on 31/03/2018, 13:21:18 UTC
Question about redeeming interest...

What is the best system I should follow to maximize my interest?
Everyday, week , month etc...

Thanks in advance.

https://financialmentor.com/calculator/compound-interest-calculator
(scroll down the page a bit)

so, is it best to redeem interest daily

remember that you should have at least 10kmd in one UTXO and there is a 1 hour locktime before the interest will start accruing. So if you do it everyday, there is 365 hours in locktime in one year.  The best i think so far is monthly.
https://www.atomicexplorer.com/#/interest

I assume you wanted to refer to this link https://www.atomicexplorer.com/#/interest-calc instead? You can simulate different strategies. Indeed if you take into account the number of hours when no interest is accrued; among the frequencies suggested by the site, monthly seems to give the highest returns.

Thank you all for being so helpful. It is nice to see a community that actually cares and doesn't insult a post from a newbie.