From what the dev was saying, all interest is based on an annual rate.
So yes, the interest rates past year 1 will be based on yearly rates.
Hope this helps..
Bittzy78
Topic: [ANN] [ABC] Abundance - Just merged assests and resources with QIBUCK - page 17. (Read 107325 times)
September 28, 2014, 05:31:42 PM
September 28, 2014, 03:45:54 PM
Month 1 - 20% Monthly Interest (20% Annual)
Month 2 - 10% Monthly Interest (10% Annual)
Month 3 - 7.5% Monthly Interest (7.5% Annual)
Month 4 - 5% Monthly Interest (5% Annual)
Month 5 2.5% Monthly Interest (2.5% Annual)
Months 6-12 1.25% Monthly Interest (1.25% Annual)
Years 2-4 5% Annual Interest
Years 5-8 2.5% Annual Interest
not sure i understand pos rates
is month 1 20% monthly or annual
when does month 1 start and end
will % for years 2-4 be 5% if months 6-12 is 1.25% annual
Month 2 - 10% Monthly Interest (10% Annual)
Month 3 - 7.5% Monthly Interest (7.5% Annual)
Month 4 - 5% Monthly Interest (5% Annual)
Month 5 2.5% Monthly Interest (2.5% Annual)
Months 6-12 1.25% Monthly Interest (1.25% Annual)
Years 2-4 5% Annual Interest
Years 5-8 2.5% Annual Interest
not sure i understand pos rates
is month 1 20% monthly or annual
when does month 1 start and end
will % for years 2-4 be 5% if months 6-12 is 1.25% annual
Month 1 starts with block 1. We've changed what it is written to simplify it - All percentages are based on Annual Rates of interest.
I believe the Genesis block was mined 9/2 on the ABC2 revamp.
will % for years 2-4 be 5% if months 6-12 is 1.25% annual?
This is another great question - I'll need to ask the Developer and Bittzy on this one....
JDS1000
thank you for your quick response
September 28, 2014, 02:43:31 PM
Month 1 - 20% Monthly Interest (20% Annual)
Month 2 - 10% Monthly Interest (10% Annual)
Month 3 - 7.5% Monthly Interest (7.5% Annual)
Month 4 - 5% Monthly Interest (5% Annual)
Month 5 2.5% Monthly Interest (2.5% Annual)
Months 6-12 1.25% Monthly Interest (1.25% Annual)
Years 2-4 5% Annual Interest
Years 5-8 2.5% Annual Interest
not sure i understand pos rates
is month 1 20% monthly or annual
when does month 1 start and end
will % for years 2-4 be 5% if months 6-12 is 1.25% annual
Month 2 - 10% Monthly Interest (10% Annual)
Month 3 - 7.5% Monthly Interest (7.5% Annual)
Month 4 - 5% Monthly Interest (5% Annual)
Month 5 2.5% Monthly Interest (2.5% Annual)
Months 6-12 1.25% Monthly Interest (1.25% Annual)
Years 2-4 5% Annual Interest
Years 5-8 2.5% Annual Interest
not sure i understand pos rates
is month 1 20% monthly or annual
when does month 1 start and end
will % for years 2-4 be 5% if months 6-12 is 1.25% annual
Month 1 starts with block 1. We've changed what it is written to simplify it - All percentages are based on Annual Rates of interest.
I believe the Genesis block was mined 9/2 on the ABC2 revamp.
will % for years 2-4 be 5% if months 6-12 is 1.25% annual?
This is another great question - I'll need to ask the Developer and Bittzy on this one....
JDS1000
September 28, 2014, 02:24:01 PM
Month 1 - 20% Monthly Interest (20% Annual)
Month 2 - 10% Monthly Interest (10% Annual)
Month 3 - 7.5% Monthly Interest (7.5% Annual)
Month 4 - 5% Monthly Interest (5% Annual)
Month 5 2.5% Monthly Interest (2.5% Annual)
Months 6-12 1.25% Monthly Interest (1.25% Annual)
Years 2-4 5% Annual Interest
Years 5-8 2.5% Annual Interest
not sure i understand pos rates
is month 1 20% monthly or annual
when does month 1 start and end
will % for years 2-4 be 5% if months 6-12 is 1.25% annual
Month 2 - 10% Monthly Interest (10% Annual)
Month 3 - 7.5% Monthly Interest (7.5% Annual)
Month 4 - 5% Monthly Interest (5% Annual)
Month 5 2.5% Monthly Interest (2.5% Annual)
Months 6-12 1.25% Monthly Interest (1.25% Annual)
Years 2-4 5% Annual Interest
Years 5-8 2.5% Annual Interest
not sure i understand pos rates
is month 1 20% monthly or annual
when does month 1 start and end
will % for years 2-4 be 5% if months 6-12 is 1.25% annual
September 28, 2014, 01:10:35 PM
this is a great move for ABC2; congratulation for the wise decision ^^, im glad to see coin developer helping ea other to bring new brands of services for the community; 
anyway about the share should we register to some site or we just hold the coin and share come to us automatically?
anyway about the share should we register to some site or we just hold the coin and share come to us automatically?We are still working that out and but it will be 1500 coins equals being a bagholder.
Bittzy78
cool ^^ thanks for the reply hopefully we can be of help to ABC2 success too
September 28, 2014, 01:06:39 PM
I still have few coins in old wallet with ticker ABC, how I can chage it for ABC2?
Please PM me with that information.
September 28, 2014, 01:04:21 PM
this is a great move for ABC2; congratulation for the wise decision ^^, im glad to see coin developer helping ea other to bring new brands of services for the community; anyway about the share should we register to some site or we just hold the coin and share come to us automatically?
anyway about the share should we register to some site or we just hold the coin and share come to us automatically?We are still working that out and but it will be 1500 coins equals being a bagholder.
Bittzy78
September 28, 2014, 01:00:52 PM
this is a great move for ABC2; congratulation for the wise decision ^^, im glad to see coin developer helping ea other to bring new brands of services for the community; anyway about the share should we register to some site or we just hold the coin and share come to us automatically?
anyway about the share should we register to some site or we just hold the coin and share come to us automatically? September 28, 2014, 10:29:36 AM
I still have few coins in old wallet with ticker ABC, how I can chage it for ABC2?
September 28, 2014, 03:32:46 AM
Welcome all at ABC to the world of shared and merged assets
QBK has been to most rewarding coin I have held.... and now ABC will be too
QBK has been to most rewarding coin I have held.... and now ABC will be too
Welcome to ABC! We're excited to be in the QBK family!
September 28, 2014, 03:29:35 AM
Welcome all at ABC to the world of shared and merged assets
QBK has been to most rewarding coin I have held.... and now ABC will be too
QBK has been to most rewarding coin I have held.... and now ABC will be too
Yes I just bought a bag for my Hubby, I will buy more later but today just moved house so got a lot of unpacking to do lol.
You have: 1573.17331849 ABC2
September 27, 2014, 09:15:16 AM
Welcome all at ABC to the world of shared and merged assets
QBK has been to most rewarding coin I have held.... and now ABC will be too
QBK has been to most rewarding coin I have held.... and now ABC will be too
September 27, 2014, 12:19:40 AM
Sorry everyone! Our Dev got back to us on this staking discrepancy....
And all numbers are Annual. Should be 20% Annual Interest and Decreasing each month.... This is not what we wanted from our Developer, but I think it will be best for maintaining rarity in our coin. There was no intent to mislead on our end and we're disappointed that our Dev did not make us aware of this earlier.
And all numbers are Annual. Should be 20% Annual Interest and Decreasing each month.... This is not what we wanted from our Developer, but I think it will be best for maintaining rarity in our coin. There was no intent to mislead on our end and we're disappointed that our Dev did not make us aware of this earlier.
thank you for being honest, appreciate it, OP looks accurate now, just checked the source code and it matches
main.h
Code:
static const int64_t MAX_MINT_PROOF_OF_STAKE = 0.025 * COIN; // 2.5% annual interest
main.cpp
Code:
const int MONTHLY_BLOCKCOUNT = 86400;
if (pindexBest->nHeight+1 <= MONTHLY_BLOCKCOUNT)
{
nRewardCoinYear = 8 * MAX_MINT_PROOF_OF_STAKE; // 8 * 0.025 = 0.2 or 20% interest
}
if (pindexBest->nHeight+1 <= MONTHLY_BLOCKCOUNT)
{
nRewardCoinYear = 8 * MAX_MINT_PROOF_OF_STAKE; // 8 * 0.025 = 0.2 or 20% interest
}
current block count is 69906 so we are still in the 20% annual interest
when we get to block 86401 it will be 10% annual interest
Appreciate your input and thanks for posting.
Bittzy78
September 26, 2014, 11:54:53 PM
Sorry everyone! Our Dev got back to us on this staking discrepancy....
And all numbers are Annual. Should be 20% Annual Interest and Decreasing each month.... This is not what we wanted from our Developer, but I think it will be best for maintaining rarity in our coin. There was no intent to mislead on our end and we're disappointed that our Dev did not make us aware of this earlier.
And all numbers are Annual. Should be 20% Annual Interest and Decreasing each month.... This is not what we wanted from our Developer, but I think it will be best for maintaining rarity in our coin. There was no intent to mislead on our end and we're disappointed that our Dev did not make us aware of this earlier.
thank you for being honest, appreciate it, OP looks accurate now, just checked the source code and it matches
main.h
Code:
static const int64_t MAX_MINT_PROOF_OF_STAKE = 0.025 * COIN; // 2.5% annual interest
main.cpp
Code:
const int MONTHLY_BLOCKCOUNT = 86400;
if (pindexBest->nHeight+1 <= MONTHLY_BLOCKCOUNT)
{
nRewardCoinYear = 8 * MAX_MINT_PROOF_OF_STAKE; // 8 * 0.025 = 0.2 or 20% interest
}
if (pindexBest->nHeight+1 <= MONTHLY_BLOCKCOUNT)
{
nRewardCoinYear = 8 * MAX_MINT_PROOF_OF_STAKE; // 8 * 0.025 = 0.2 or 20% interest
}
current block count is 69906 so we are still in the 20% annual interest
when we get to block 86401 it will be 10% annual interest
September 26, 2014, 08:33:41 PM
very very honest i like that thanks!!
Be sure to expect a large dose of honesty from your friendly neighborhood ABC dev team at all times.
It is kind of what we do.
September 26, 2014, 06:04:34 PM
very very honest i like that thanks!!
September 26, 2014, 05:57:07 PM
Dear ABC Dev Team !
I have downloaded ABC2 wallet since the begining days of ABC2. And I always open my wallet but I have not received 20% interest as promised. I have
more than 20K ABC2 but I only get approximately 40 ABC2 per day. Why that ? My interest calculation is wrong? If so, how is it calculated true.
Please show me that !
Sincere thanks !
I have downloaded ABC2 wallet since the begining days of ABC2. And I always open my wallet but I have not received 20% interest as promised. I have
more than 20K ABC2 but I only get approximately 40 ABC2 per day. Why that ? My interest calculation is wrong? If so, how is it calculated true.
Please show me that !
Sincere thanks !
first month is 240% annual interest
that would compute as follow:
20,000 ABC * 2.4 annual interest / 365 days in year = 131.507 ABC / day
but ABC is now in 3rd month so interest is now 90% annual so:
20000 * 0.90 annual interest / 365 = 49.315 ABC / day
Sorry everyone! Our Dev got back to us on this staking discrepancy....
And all numbers are Annual. Should be 20% Annual Interest and Decreasing each month.... This is not what we wanted from our Developer, but I think it will be best for maintaining rarity in our coin. There was no intent to mislead on our end and we're disappointed that our Dev did not make us aware of this earlier.
September 26, 2014, 04:29:16 PM
QiBucks Coin (QBK) is merging with Abundance (ABC2)
..
What this means to QBK Bagholders…..
Abundance will be the 1st BagBonus given to QBK Bagholders. In addition to the monthly BagEarnings, QBK has initiated a BagBonus program. These will be random rewards given to our beloved community.
Each QBK Bagholder will receive 150 ABC2!
..
..
What this means to QBK Bagholders…..
Abundance will be the 1st BagBonus given to QBK Bagholders. In addition to the monthly BagEarnings, QBK has initiated a BagBonus program. These will be random rewards given to our beloved community.
Each QBK Bagholder will receive 150 ABC2!
..
how to get the 150 ABC2? I'm bag holding over 1000 QBK since IPO
https://docs.google.com/forms/d/1np7dahLaighnR0ZX55dUv8xt1Mh8HPcnf5GR_p-qECE/viewform
Thanks, was about to PM reading https://bitcointalksearch.org/topic/m.8950667 but i just filled in that google form
September 26, 2014, 04:26:37 PM
QiBucks Coin (QBK) is merging with Abundance (ABC2)
..
What this means to QBK Bagholders…..
Abundance will be the 1st BagBonus given to QBK Bagholders. In addition to the monthly BagEarnings, QBK has initiated a BagBonus program. These will be random rewards given to our beloved community.
Each QBK Bagholder will receive 150 ABC2!
..
..
What this means to QBK Bagholders…..
Abundance will be the 1st BagBonus given to QBK Bagholders. In addition to the monthly BagEarnings, QBK has initiated a BagBonus program. These will be random rewards given to our beloved community.
Each QBK Bagholder will receive 150 ABC2!
..
how to get the 150 ABC2? I'm bag holding over 1000 QBK since IPO
https://docs.google.com/forms/d/1np7dahLaighnR0ZX55dUv8xt1Mh8HPcnf5GR_p-qECE/viewform
September 26, 2014, 04:20:13 PM
QiBucks Coin (QBK) is merging with Abundance (ABC2)
..
What this means to QBK Bagholders…..
Abundance will be the 1st BagBonus given to QBK Bagholders. In addition to the monthly BagEarnings, QBK has initiated a BagBonus program. These will be random rewards given to our beloved community.
Each QBK Bagholder will receive 150 ABC2!
..
..
What this means to QBK Bagholders…..
Abundance will be the 1st BagBonus given to QBK Bagholders. In addition to the monthly BagEarnings, QBK has initiated a BagBonus program. These will be random rewards given to our beloved community.
Each QBK Bagholder will receive 150 ABC2!
..
how to get the 150 ABC2? I'm bag holding over 1000 QBK since IPO
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