Post
Topic
Board Announcements (Altcoins)
Re: [ANN]SummerCoin|POS|Trade on poloniex and bittrex
by
UltraMegaMan
on 03/05/2014, 10:24:48 UTC
I got a POS block after block 13441 and it was for 1 sum I have over 20k that is not 10% of my coins. Not to mention the time of me staking keeps getting pushed back. I can only guess cause people are putting new coins in and so that makes it so I have to wait longer? How is that fair you said 10% a day I should be getting 2k a day and instead I"m not getting that.

Price has dropped super low and conveniently there is no block explorer. And no one is going to waste their time making a block explorer for 500 sum which is practically worthless right now. You need to make a worthwhile bounty. .00434411 BTC are you kidding? a little over a buck!?!? I bought 20k @ 2400 expecting to increase my coins by 70% the original post said 10% a day for 7 days. Now it has been a day and were already on block 14928 and a bunch of people are saying they have not got 10% stake including myself.  

So stakes works that if you have more coins you get stake more and faster? That seems completely unfair.
It would be more than 70% mate, due to compounding.

10% over 7 days:
Simple interest = 70%
7 Day Compounded interest = 94.87171%
DayPercentage
110
221
333.1
446.41
561.051
677.1561
794.87171

http://www.moneychimp.com/articles/finworks/fmfutval.htm
http://www.getobjects.com/Components/Finance/TVM/iy.html
http://www.moneychimp.com/features/simple_interest_calculator.htm
20,000 Future Value, using...
  Simple Interest:    34,000    
  7 day Compounded Interest: 38,974.34