Like others said, it is 4% yearly interest, compounded daily. Daily 4% would be a stupid idea and a red flag for being a HYIP ponzi scheme.. Yeah, they are legit so far. I mean they have been here for like more than 7 years maybe. Their main ANN thread has hundreds of replies and the owner is still active. So, at least for now there aren't any scam accusation against them so its good to use. What ever you invest is used for mining and their bankroll. They have a very high house edge and people do gamble using dice over there, so they eventually manage to cover your profits too. Just be careful not to but all your bitcoins over there.
No matter how reputable it is, we shouldnt really be that too confident on leaving our bitcoin there and come to think that if we do just held off our own coins into our own wallets and on the sudden price increase or change in the market then we had already earned more that 4% on what they had promised.Well, no one had been forced to invest or park their coins though since it isnt really that too sensible on doing such act
but surprisingly there are still people who do really recognize on putting up their coins just for the sake of that 4% annual gains which i dont see for it to be worth for the risk that you had been putting into.
Freebitco is been here for years and also a reputable one but still cant put up 100% trust when it comes to fund handling.
This is something that should always be on the back of our minds, even if a website or service has a long story and it has been profitable for a long time that doesn't indicate that it will keep being so, people need to always do their due diligence when it comes to any investment that they plan to make and even if at that time the service that you are planning to get passed that test you will still need to reevaluate it from time to time, if everything is fine then you can keep your money invested there but if you find even the slightest issue you need to get your money out of there otherwise there is a big chance that you're going to regret it when you lose your money, but at that point it will be too late.