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Topic: BTC Loans and Interest Rates - page 2. (Read 2494 times)

sr. member
Activity: 299
Merit: 250
June 07, 2013, 05:11:44 AM
#1
Hi, everyone! My little mining operation is getting started, and when I start generating Bitcoins, I need to know what I should do with them. According to coinlenders.com, I can get an interest rate of 25% APR on accounts with at least 1 BTC. Firstly, what does APR mean? Is it just "per annum"?

Secondly, why are interest rates so high? My Australian bank account pays 3.10% p.a. in comparison. How does inflation affect the BTC interest rate?

Basically, is it smart to put my BTC into one of these accounts?
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