Post
Topic
Board Long-term offers
Re: [BitcoinMax.com] Paying 6.9% per week... Small accounts welcome.
by
payb.tc
on 10/06/2012, 12:50:27 UTC
while you can withdraw principal at any time, interest is only calculated and paid once per week. so that means if you deposit on a wednesday and withdraw it on a friday, the interest for those 48 hours won't be credited to (or withdrawable from) your account until the folllowing monday, after 21:00.

I'm not sure I understand this right. If I deposit some BTC on Wednesday and withdraw it on Friday, will get interest for the 48 hours the BTC was in the account, but I will get it the following Monday, after 21?

What's your opinion on emptying the account every week, and putting some BTC back in the account twice a week?

that's correct, i'm only doing the payouts once per week, no matter when people deposit/withdraw.

i don't see the point of emptying and depositing again. if you did that, you'd just be missing out on interest while the deposits are waiting to confirm again.