Quote from: examplens on May 11, 2023, 02:22:51 PM

Is it a fixed amount every day, that 0.03333... BTC or it will depend on the amount of bitcoins that passed through your service on a certain day? Also, is this 1% or 0.0003333 for 1BTC the guaranteed amount or it can also vary depending on the use of the service and total bitcoins in your stake "pool"?

The 1% monthly return is the minimum we guarantee for as long as the campaign will last, we adjust the distributed amount every day to reflect this considering the multi-sig balance changes. With the current balance of around 11BTC our costs are about 0.11BTC a month.

In order to reward early depositors we were considering setting a 'floor' for the total rewards paid out at 0.5BTC a month, meaning that with the current balance a depositor would receive 4.5% monthly return. This figure would go down continuously until it comes back to the usual 1% when the balance hits 50BTC and will continue like that until our Anonymity Set goal is reached.

Quote from: ChuckBuck on May 11, 2023, 05:59:18 PM

So, it mean, monthly interest amount is fixed and it is not cumulative, no compound interest, only 1% per month is the maximum reward for participants.
In fact, the APR at 12% is higher than what we can get at the moment if we compare with banks. But, have you ever thought about applying compound interest? Although it is not very feasible Cheesy

By the way, it looks like the image is faulty? I can't see its details

The rewards are compounding, every day you receive 1%/30 of your total Note balance and that includes Anonymity Mining distributions.

Fixed the images thank you for pointing that out

Quote from: dkbit98 on May 11, 2023, 09:34:27 PM

What is going to happen if not enough people send Bitcoin for this Anonymity Mining Campaign, and is there any way someone could track how much BTC is deposited in total?

Everyone can track how much BTC is currently in the multi-sig since it's public: https://mempool.space/address/bc1qf8h5k6sash8007vpesymxkw2xsg5d0r3j4l5vmcrwpz2pqu66fjstzgd3r

Nothing happens if people don't deposit, same as if we never started this campaign. On the other hand that would mean that there is no interest at all in Whirlwind, even though it's hard to believe that will be the case. All the feedback we received until now from people that tried us out was very positive, especially for the Pay to Note system. We built a novel system and that's almost surely the reason why it takes longer for users to get accustomed to it and understand its advantages, but with time we are sure this will change for the better.

Quote from: CryptSafe on May 11, 2023, 09:59:23 PM

This is a good idea you have shared OP. I am curious to know more about this. Do whirlwind have their own mining farm or they are affiliated to another mining farm let us know because from what I see, whirlwind are mixers and I believe they are doing just fine with that investment. How come So soon it is a mining farm with a 12% APR daily yield rewards. Is it not worth explaining so we could know?

We've been transparent about the fact that we pay these rewards ourselves from our reserve. There are no partnerships with any other projects and it's important to make it clear that this campaign is temporary, Whirlwind is not a staking platform and it will never be. The point of this campaign is to grow the Anonymity Set and this is only needed at the beginning of the service, the stage we are in now.

Quote from: dansus021 on Today at 12:01:42 AM

I am also curious when there are not enough people who deposited into the pool, but One things is sure that this staking service acts as add more security into the mixing itself but correct me if I am wrong.

Yes it does, by having a larger Anonymity Set every current or future user benefits from a higher level of privacy when using Whirlwind. If it's still not clear why this is the case please ask and we will explain again.

Quote from: Little Mouse on Today at 01:42:09 AM

Who is going to hold the privkey? Of course, it's whirlwind if I'm not missing anything. I don't think a lot of people will be interested because of the above reason. It's the same as centralized exchange staking though the APR is high here if I'm correct.
You mean any funded note. Does it include the previous funded note? I have created note for the signature campaign fund. Is it eligible for the above reward?
If yes, please tell me how to exclude my note from this campaign.

What do you mean by who is going to hold the private key? Only users have access to their Note private key, we do not have that information.

If you have a funded Note, including if you received the signature campaign payment on it, then you are automatically participating in the campaign and are receiving daily rewards based on its balance. If you want to exclude yourself from this campaign the only way to do so is to withdraw your balance to your on-chain address, otherwise rewards will keep accumulating.

Also keep in mind that if it makes economic sense for you (daily reward covers the network fee for another deposit), you could withdraw the entire balance right after receiving the daily reward and then deposit it again right before the next daily reward is distributed. This way you would keep your risk at a minimum, but if you think we will steal your funds then there is no argument for depositing in the first place.