Topic: [OPEN]⚡whirlwind.money | Anonymity Mining Campaign | 12% APR | Daily Rewards⚡ - page 3. (Read 1917 times)

It was 6 years. Still would not be long enough to break even though (assuming you start today).

Not yet? I thought the previous mixers had been around for a long time, for example Chipmixer, they had a very long time. It must have been more than 5 years, right? Furthermore, I think we don't have any problem in withdrawing, they don't talk about our withdrawal limit time.

Wouldn't that mean that you'd need to invest for ~8.2 years before you get a 100% ROI?

I'm not quite sure if this will be profitable in the long run. I haven't heard of any mixer that has managed to run for that long.

You can just post the code below and the balance will be updated automatically, no need to manual update anymore.

We are updating the second post manually after each distribution (which is also done manually) so not sure if it makes much sense using that tool in this case, but we could display the live balance along with each day's stats so it's easier to follow.

1000 x 0.1 BTC is definitely a lot better than 1 x 100 BTC for the stage we are in now, but it's still not ideal.

For a total volume of 100 BTC the best case scenario would look like this: 100 x 0.1 BTC | 20 x 0.5 BTC | 20 x 1 BTC | 6 x 5 BTC | 3 x 10 BTC

The more varied the deposited amounts are and the more transactions happen, the better it is since it will make it much harder for anyone to track where outputs originate from.

Imagine we got to the 10,000 Anonymity Set goal and the deposited amounts look like this: 2000 x 0.1 BTC | 2000 x 0.5 BTC | 2000 x 1 BTC | 2000 x 5 BTC | 1000 x 10 BTC | 1000 x 50 BTC

Now you want to find out where a 0.5 BTC or 1 BTC or 5 BTC output might originate from, where do you even start? It could originate from one or multiple deposits out of the entire 10,000, or it could simply be a Pay to Note transfer, how could you know? Even if you have access to the most advanced analytics software in existence it's impossible to figure it out unless you have outside information. This is why it's crucial to grow the Anonymity Set as fast as possible, if we manage to succeed in doing this then nothing comes close to the privacy you're getting when using Whirlwind. The Anonymity Mining campaign's role is to help us get there faster by basically paying for these deposits to happen.

Maybe you could try using the latest tool from member Bitmover for updating live Multi-sig Balance and Reward distributed (with some tweaking):
https://bitcoindata.science/bitcointalk-api.html

So if I understand correctly you need to have more transactions for this campaign to work, that means it's better to have a 1000 transactions sent with 0.1 BTC than to have 100 BTC sent all at once from one wallet?

The 1% monthly return is the minimum we guarantee for as long as the campaign will last, we adjust the distributed amount every day to reflect this considering the multi-sig balance changes. With the current balance of around 11BTC our costs are about 0.11BTC a month.

In order to reward early depositors we were considering setting a 'floor' for the total rewards paid out at 0.5BTC a month, meaning that with the current balance a depositor would receive 4.5% monthly return. This figure would go down continuously until it comes back to the usual 1% when the balance hits 50BTC and will continue like that until our Anonymity Set goal is reached.

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

Fixed the images thank you for pointing that out

Everyone can track how much BTC is currently in the multi-sig since it's public: https://mempool.space/address/bc1qf8h5k6sash8007vpesymxkw2xsg5d0r3j4l5vmcrwpz2pqu66fjstzgd3r

Nothing happens if people don't deposit, same as if we never started this campaign. On the other hand that would mean that there is no interest at all in Whirlwind, even though it's hard to believe that will be the case. All the feedback we received until now from people that tried us out was very positive, especially for the Pay to Note system. We built a novel system and that's almost surely the reason why it takes longer for users to get accustomed to it and understand its advantages, but with time we are sure this will change for the better.

We've been transparent about the fact that we pay these rewards ourselves from our reserve. There are no partnerships with any other projects and it's important to make it clear that this campaign is temporary, Whirlwind is not a staking platform and it will never be. The point of this campaign is to grow the Anonymity Set and this is only needed at the beginning of the service, the stage we are in now.

Yes it does, by having a larger Anonymity Set every current or future user benefits from a higher level of privacy when using Whirlwind. If it's still not clear why this is the case please ask and we will explain again.

What do you mean by who is going to hold the private key? Only users have access to their Note private key, we do not have that information.

If you have a funded Note, including if you received the signature campaign payment on it, then you are automatically participating in the campaign and are receiving daily rewards based on its balance. If you want to exclude yourself from this campaign the only way to do so is to withdraw your balance to your on-chain address, otherwise rewards will keep accumulating.

Also keep in mind that if it makes economic sense for you (daily reward covers the network fee for another deposit), you could withdraw the entire balance right after receiving the daily reward and then deposit it again right before the next daily reward is distributed. This way you would keep your risk at a minimum, but if you think we will steal your funds then there is no argument for depositing in the first place.

Who is going to hold the privkey? Of course, it's whirlwind if I'm not missing anything. I don't think a lot of people will be interested because of the above reason. It's the same as centralized exchange staking though the APR is high here if I'm correct.
You mean any funded note. Does it include the previous funded note? I have created note for the signature campaign fund. Is it eligible for the above reward?
If yes, please tell me how to exclude my note from this campaign.

I am also curious when there are not enough people who deposited into the pool, but One things is sure that this staking service acts as add more security into the mixing itself but correct me if I am wrong.

and if this is deposited into a single address like on SmartContract I think we might know how much person deposited on that pool by filtering the address by deposit. Right? but let whirlwind team explain hehe

This is a good idea you have shared OP. I am curious to know more about this. Do whirlwind have their own mining farm or they are affiliated to another mining farm let us know because from what I see, whirlwind are mixers and I believe they are doing just fine with that investment. How come So soon it is a mining farm with a 12% APR daily yield rewards. Is it not worth explaining so we could know?

Lastly, it seems there is a glitch while you were trying to upload your image content. I think you should try uploading it again or you edit and do the needful so as to help give proper pictorial explanations.

What is going to happen if not enough people send Bitcoin for this Anonymity Mining Campaign, and is there any way someone could track how much BTC is deposited in total?

So, it mean, monthly interest amount is fixed and it is not cumulative, no compound interest, only 1% per month is the maximum reward for participants.
In fact, the APR at 12% is higher than what we can get at the moment if we compare with banks. But, have you ever thought about applying compound interest? Although it is not very feasible

By the way, it looks like the image is faulty? I can't see its details

According to the explanation, which 1 BTC was used as an example which 0.00033333BTC is a daily reward for 1 BTC holding, this equally means that if you are to deposit and hold 2 BTC your daily reward will be 0.00066666 and if you are to hold lesser so will the daily reward be lesser, this daily reward are calculated to sum up a 1% monthly APR. until their target is being reached and when that's done, then they can announce if it's to continue, or if they are to stop, or if they will implement new reward system.

Is it a fixed amount every day, that 0.03333... BTC or it will depend on the amount of bitcoins that passed through your service on a certain day? Also, is this 1% or 0.0003333 for 1BTC the guaranteed amount or it can also vary depending on the use of the service and total bitcoins in your stake "pool"?

Alright, thanks for the clarification. I understand it much better now, and it's really nice that you are operating a very transaction-free platform. I thought it was just temporary when you implemented it last time. Keep up the good work, and I will try this out and get some daily rewards for why I'm still exercising my holding exercise.

It's quite similar to a staking system, rewards are distributed daily to your Note so you don't have to wait for a full month to access them.

For example if you have a Note with a balance of 1BTC you will receive 0.00033333BTC every day added to your balance, so 0.01BTC a month in total. After a day your Note balance would be 1.00033333BTC and so on until you withdraw. You could deposit today, wait for a day, withdraw and you would still get to keep the rewards for that day.

At the moment there are no fees on Whirlwind, not even for on-chain withdraws. Unless you choose to donate voluntarily it's completely free to use and all fees are on us. We will update the FAQ in the second post with more information

If I understand correctly, the explanation is simple: all one has to do is deposit and hold it on their balance, and the reward will be calculated based on their period of holding.

My question is, since it's nothing like staking, if one
decides to deposit today and can't be patient enough to wait for a full month, how will the reward be calculated? Will there be no reward for such a depositor?

Will there be any form of fee deduction or what so ever? I can't see any information regarding fees here. I know if one wants to withdraw back to an address fee needs to be charged to cover up the transaction, that's the not fee am asking of.