Post
Topic
Board Services
Re: [OPEN]⚡whirlwind.money | Anonymity Mining Campaign | 12% APR | Daily Rewards⚡
by
fillippone
on 04/06/2023, 16:57:29 UTC
Am I doing something wrong?

As far as I understand, the 1% is per month, not per year, dear fillippone. Therefore the calculation should be like this:

Daily interest = capital * monthly interest / 30.

The yearly interest is 12%, not 1%.

As far as I see, Whirlwind gave this example of calculation:

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

Oh, I got the daycount wrong, apparently:360 Even better.

Regarding the combustion.

My computation considering 12% yearly yield daily compounded:

Daily interest=capital*annual interest*days/360

Hence:
0.00046059 BTC*0.12*1/360≈ 0.00000015353 (15 Satoshi, still)

Using your computations:

Daily interest=capital*monthly interest*days/30

Hence:
0.00046059 BTC*0.01*1/30≈ 0.0000001535

Exact same result... As expected.