[SP interest rates] 187% Interest on Steem Power?

Words
71
Reading
1 min
10y
Listen to this post
~1 min


According to my Wallet, I am receiving .001 SP per minute on 280 Steem Power

.001 SP/minute * 60 minutes/hour * 24 hours/day * 365 days/year = 525.6 Steem Power/year

Interest Earned / Starting balance = Interest Rate

Therefore,

525.6 / 280 = 1.877 ( multiply by 100 to turn into a percentage) and....

Interest Rate = 187% per year

I'm assuming I'm not calculating an important figure...

Or is this math correct?

[SP interest rates] 187% Interest on Steem Power? | Ecency