Quote from: lukemanz on April 22, 2018, 04:59:16 PM

Bitcoin Interest (BCI) is a BTC fork, sometime along January this year. However, the developer only successful open the interest portal on 1st April. Every BCI block will generate 12.5BCI+1.08 BCI. 12.5BCI goes to the miner, while 1.08 BCI goes to the interest pool. There are 2 interest cycle, which is weekly or monthly. 1 BCI address only able to register to either one cycle, and not both. The interest pool was divided into 70% for monthly and 30% to weekly.

Since the dev can only provide full node wallet currently, thus I miss the chance to register monthly cycle since early this month I'm unable to fully sync the wallet until 4th April. Since I already get 2 interest out of 3 weekly period, thus I truly trust BCI dev.

The interest amount that we get depends on the total BCI that was registered. The more BCI that was registered, the less interest that we get.

For example:
Interest pool for month of April: 5000 BCI
Monthly pool: 3500 BCI (70%)
Weekly pool: 1500 BCI (30%)
Number of week in April: 4
Weekly pool: 375 BCI per week

My registered BCI: 600 BCI
Total Registered 1st week: 40000 BCI
Interest received 1st week: 375 / 40000 * 600 = 5.625 BCI

My registered BCI: 605.625 BCI
Total Registered 2nd week: 80000 BCI
Interest received 2nd week: 375 / 80000 * 605.625 = 2.83886719 BCI

Through the Telegram group, the dev already said that they already contact Bitfinex and HitBTC for listing BCI, but both exchanges require BCI explorer before listing.

They only able to fully sync the BCI explorer sometime around 20 April (due to 7/8/9 years of BTC blockchain). Thus the listing should be within 1-2 weeks.
CMC listing should be after the BCI listing in Bitfinex or HitBTC.

Also, I think the dev also has contacted and has some agreement with Genesis Mining so that they will mine/introduce BCI cloud mining Grin

Thanks for full answer. The scheme looks a bit complicated for me. As I got it, the covering coins are going from miners who are obliged to pay to interest pool. But what the incentives for them to do this? Is this profitable to mine BCI and pay to interest pool? Besides, in such scheme the interest payed to holders should depend on degree of pool's filling. What happens if miners will go away from BCI ?