Updates on JD/CLAM
Current # of dug CLAMS = 385,216
Price at Polinex 0.003 (CLAM/BTC) *$333 (USD/BTC) = $384K Market Cap (** Does not include undug)
JD Wagered - 808101 CLAMs in 18 days * .01 (House Edge) *365 Days = 163864 CLAM a Year Profit for Site
163864*.003*333 = $163701 USD Profit
Doog gets 10% of Profit - Doogs take $16k USD (fees)
Doog's Big take is Stake
1000 CLAM a day staked at JD * 10% = 100 Clam a day *
100*.003*333=$100 USD * 365 = $36500 a year (MORE THAN GAMBLING PROFIT FEES)
This guy just wins MATH
I imagine the way it is meant to work is that staking causes monetary base inflation, which causes the price to decrease accordingly. If everybody staked, they would be "running to stand still" - their number of CLAM would increase at the same rate that the price decreased, and they would retain the same value. So you can't just take 10% of the amount staked, multiply by the current price, and say that's my expected take, as the very act of staking increases the supply, and so drops the price. Either way your conclusion that the amount staked is expected to be more than the amount won from players seems valid - at least as long as JD continues to hold such a large percentage of the active coins. I plan to finally implement the feature that will allow investors to hold the majority of their coins locally, so that should change the situation. It's not healthy for a single entity (even one as amazing as JD  ) to control the majority of the coins, so I'll do what I can to fix that. The issue with your idea of holding coins locally is... what's to keep me from saying I have more than I do? Let's say you use 10% as the baseline. I have 30 coins. There's no way for you to know I don't really have 300, so I could just invest the 30 I have and claim I have 10x that. I asked the same question in another forum topic. If you put 30 clams in and say you have 300, that's 10% of your total bag. If the total invested drops by 10% your investment drops by 10% also. 10% of 300 clams = 30 clams so your wiped out and lose your 30 clams. If you just claimed 30 clams. 10% of 30 clams is 3 clams so you would still have 27 clams invested. JD doesn't real care how much you actually have. The bigger the percentage you claim the more volatile you investment will be. And once the real investment amount goes to zero you lose it, there is no coming back from it. |
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I was hoping it would be relatively simple, but have just spotted a problem with it:
Currently we treat both staking rewards and player losses as "income" for the bankroll, and split it equally between those providing the bankroll. But with the proposed scheme, where you only deposit a fraction of your bankroll, and leave the rest locally, we don't want to consider the whole amount as active for staking (since it isn't). And that breaks the whole scheme (I only track the percentage of the bankroll that each user owns - I don't update their balance every time something happen, and don't want to).
I guess the solution is to treat staking rewards differently. They happen relatively rarely; the bankroll changes due to betting many times per second, and due to staking at most 4 times per minute. I can reduce the frequency at which staking rewards are credited to investors if necessary, and have them treated as a special kind of 'investment' event. This complicates things, but not too much.
I'm not understanding how you can only accept a portion of the bankroll and leave the rest local. Are you planning to use the time lock thingy? If you required everyone to have the same percent in the active bankroll, you would be exactly where you are today. Each persons percent would be the same. But I'm sure you will have some people that want to have all of their clams on the JD site. If you made those the only options, the investors stake would either be X% or X% * percent really on JD site. I'm not sure how the system handles investing/devesting. Does it take a snap shot at that point and update everyones balance? And what happens if the bankroll falls below a certian point? Is there a call option? Some way you can gaurentee you can get the funds. I'm not worried about you or me, but there are some that would be hessitent to send in addition funds to cover losses.
I have tried running multiple copies of the client on different sites. I found that it really doesn't handle orphans very well. When both clients found a block at the same time, the one with the smaller weight would quickly get left behind, since its block would be orphaned. It would take up to 30 blocks before the smaller weight client realised this and did a reorg. For those 30 blocks it would see all the new blocks it received as "orphans" (which is weird, since they aren't) and would continue clinging to the hope that the single block it had staked would be accepted.
I should really have looked into this and fixed it, but instead all I did was move all the coins back to a single wallet to avoid the problem.
Do you actually see the orphans in your clients transactions? IE in the qt client? I thought you just ran the daemon in Linux, but I could be mistaken. I've just started staking locally again. I haven't noticed a problems with orphans since the last fork. Was there anything special about running 2 wallets on your end that you can think of? Wouldn't it be the same as everyone else VS the JD wallet? I moved clams into my personal wallet and got a stake about 1 hour after the blocks became mature. And another 7 hours later. No orphans in that time. At least not in the QT transaction list. |
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Is this shitD still alive ?? unbelievable!  So what crapcoin are you holding, seeming you are so desperate that you need to spread fud on a thread, from which coin has more features then all coins together, sad sad.... This is always a good thing. Means your getting noticed. The fudders are afraid you'll take market share from them... Go DogeD... |
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@iGotSpots
Is there a minimum value of stack size were it does not get split after staking ?
What happens if multiple stacks are created on 1 address and 1 stack staked ?
Are the other stacks left alone ?
Each stack is separately calculated. They only split if you stake at or near the 24 hour mark. If it takes 2 days to stake, it won't split. Splitting doesn't affect the total amount of coins. Instead of getting 1 stake for 2 coins, you would get 2 stakes for 1 coin each So lets see if I got it correct : Just like other POS coins a stack gets split in 50/50 but only when age is around 24 hrs, but not when age is 2 days or more. If user does not re-combine then you would end up with "dust". As is common, small stacks take more time to gain weight and because of that more time to stake. This applies for both, MMXIV and BALLS. Am I correct ? Is there any max reward or capping ? The stake splits 50/50 when the age is less then 2 days. The idea behind this is to level out the block staking. If all the blocks were left in large groups, you could have intermittent staking as each block would stake as soon as it was old enough. But if the network didn't have enough mature blocks to stake, and move the blockchain, everyone would have to wait till one matures. This is a wonderful implementation for a long term stable network, but stinks for people looking to maximize their stakes while moving coins back and forth to exchanges to trade. I would assume when you withdraw coins from your wallet you will get the youngest coins. Haven't checked that. Since the splitting only happens for blocks less then 2 days old, eventually your smaller blocks will take longer then 2 days to stake and will not be divided. They'll start to grow with the added interest. Eventually they'll get big enough that they stake in less then 2 days and are then divided. I believe this is true for both MMXIV and Balls. Nothing like HYPs Max reward cap. It makes sense to me, but sometimes when I try to explain to explain things, they don't make sense. Hope it helps. |
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About a year ago the idea was floated of allowing JD 'investors' to only actually deposit a fraction of their bankroll to the site while declaring the size of their total bankroll. The site would then act as if they had deposited the whole amount, using the actual deposit as collateral in the event that they lose. This would allow people to stake the majority of their own coins in their own wallet, while still having them "work" as if they were in the JD bankroll. I hope to finally implement such a system "soon".
Yeah?
I think this is a great idea, but implementing it sounds like a nightmare. As a quick fix, have you thought about running multiple copies of the client? You would still have control of over 51% of the network, but no one client would have that power. I have not looked at this any more then writing these words. But I read a lot and haven't seen a technical reason you couldn't do it. Good Luck, and thanks for JD. |
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Two questions: why is my wallet balance constantly difference (lower) when I look up my addy on the block? And, what do the transactions in brackets ex. [.16573] mean versus ones without brackets? They've seemed to confirm and have been added to my qt balance.. but again the discrepancies between the block and my wallet are drastic and I'm hoping to get some information about this.
There is a bug in the wallet. The balance is not always correctly displayed. It happens sometimes when you have blocks staking. The brackets means you have blocks staking. They are confirmed but not yet available. The block is confirmed after 6 confirmations, and available after 120. To see your actual balance go into the debug console and enter getinfo. That should show the correct balance and stake values. Well it's not really a bug since what the wallet is showing are spendable coins. What the wallet really needs is a total column which would be the total amount of coins held in the wallet and spendable which are those coins that are not staking that can be spent. Here is a sample from another wallet.  The spendable value is correct, but the stakes value is not always correct. Sometimes it misses a block. In that case your spendable + stake total is not close to what you actually have. The stake total from getinfo is accurate. |
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Two questions: why is my wallet balance constantly difference (lower) when I look up my addy on the block? And, what do the transactions in brackets ex. [.16573] mean versus ones without brackets? They've seemed to confirm and have been added to my qt balance.. but again the discrepancies between the block and my wallet are drastic and I'm hoping to get some information about this.
If you double click on one of those transactions that are in brackets you will see something like the following (Look at code sample). You will see those are staking coins and the transaction is still being confirmed and during that time it will remove coins from your balance. This shows a Net amount: -1.232308 MMXIV. So when you look at the rich list it shows total but your wallet is shows spendable which is the (total - staking = spendable)
Status: 3/unconfirmed, broadcast through 8 nodes
Date: 12/23/2014 10:08
Debit: 0.00 MMXIV
Net amount: -1.232308 MMXIV
Transaction ID: xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
Staked coins must wait 520 blocks before they can return to balance and be spent. When you generated this proof-of-stake block, it was broadcast to the network to be added to the block chain. If it fails to get into the chain, it will change to "not accepted" and not be a valid stake. This may occasionally happen if another node generates a proof-of-stake block within a few seconds of yours.
That's interesting. They missed updating the message. MMXIV is spendable/available after 120 blocks not 520. |
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Two questions: why is my wallet balance constantly difference (lower) when I look up my addy on the block? And, what do the transactions in brackets ex. [.16573] mean versus ones without brackets? They've seemed to confirm and have been added to my qt balance.. but again the discrepancies between the block and my wallet are drastic and I'm hoping to get some information about this.
There is a bug in the wallet. The balance is not always correctly displayed. It happens sometimes when you have blocks staking. The brackets means you have blocks staking. They are confirmed but not yet available. The block is confirmed after 6 confirmations, and available after 120. To see your actual balance go into the debug console and enter getinfo. That should show the correct balance and stake values. |
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Are the December gifts still scheduled for 12/21? I signed up, but never received an email confirmation. So I kind of feel like I'm in limbo land...  I've been holding since Oct.
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i've actually "invested" my BTC into buying CLAMS on poloniex. BAC said if i get you guys listed on a bigtime exchange he would give me 200 clams . Now it seems you guys are renegging on your promise ! ====> suuuure i'm going to call okcoin and give them my recomendation !!!! LMFAO /\i want some of what you are smoking Do you read what you type? Us guy's are not BAC. So If you have a problem with BAC, take it up with him. This is the Clams thread, not the BAC thread. |
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I hate to break it to you, Starfishi, but you're about seven months late to the party with your rant and the situation is what it is, now. It has been this way since summer and it's unlikely to change, certainly not because you are ranting and raving about it here. The fact is, we could all be sitting here a whole lot poorer with no prospects of ever seeing the money back at all. As it is, he's still making payments. Slowly, yes, but he's making them.
"payments"; they are so small and randomly, that i take them as "insults". Do the math, they won´t get us anywhere . . I'll take his payment... |
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Devs are active and busy and even made a new faucet..
I just need help with syncing the wallet..
1. I made an Abundance.conf file
2. incpu these nodes: server=1
daemon=1
listen=1
maxconnections=1024
rpcuser=user
rpcpassword=pass
rpcport=32531
addnode=178.62.13.101
addnode=209.159.153.171
addnode=192.99.37.224
saved as all files
copied into abundance roaming but it still doesn't sync is there anything else I need to put in the Abundance.conf file? Also is it supposed to be with or without capital A the abundance.conf?
I've never used the conf file so I'm not sure what the name should be. The directory is Abundance so I would assume it's A and not a. I did a getpeerinfo, I'm connected to 4 nodes. None are the ones you have listed, and the ports are 32532. Not sure if that inbound vs outbound, but you could try to change that. You could also try deleting peers.dat. That file contains the last IP addresses you connected to. If you can not longer connect to them that can cause a hang up. From the getpeerinfo these are the current connections I have 89.27.82.224 46.165.208.140 31.220.0.56 80.177.7.93: |
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Are fees necessary for clam? If staking is same and not ending over the time ?
I believe so - it seems to be 0.0001 CLAM per kilobyte or part kilobyte of transaction. The reward is 1 CLAM per block, and the target is 1 block per minute. Note however that the protocol has changed several times. Initially the reward and the chance of staking depended on the age of the output being staked. Later the reward changed to a 'lottery' based system, where the reward was 0.1 CLAM most of the time, but up to 1000 CLAM for rare winning blocks, but old outputs still staked more easily than new ones. And later again it changed to a flat system where every block staked earns the staker 1 CLAM, and the age no longer matters. Looks like Just dice has been lucky enough to claim most opf those block rewards . Also sometimes, on Just Dice i shows 2 CLAMS staked. Since the reward is 1, then how does Just Dice claim 2 sometimes? Just-dice reports on the stakes once a minute. So if it had 2 or 3 or even 4 stakes in a 60 second time frame it reports that it staked 2,3 or 4 clams. It's still only one per stake, but they hit multiple stakes. The average target is 1 per minute, but you could get 2 one minute then nothing for 2 minutes. |
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Okay, I'm not buying Just Dice as the reason for the CLAM price growth. Who even uses that site?
Check the balance of CLAM address [ xJDCLAMZ] (if you can - I don't know of a good way, but would like to) It currently has 137,935 CLAMs. The Just-Dice wallet currently shows: $ clamd getstakinginfo | grep -e weight -e expect "weight" : 125057.90652447, "netstakeweight" : 169232.88858409, "expectedtime" : 99 ie. it has 125k of the total network weight of 169k. If you put your CLAMs in the Just-Dice bankroll you get a share of the staking rewards. The site wallet has staked 3544 blocks since it started holding CLAMs less than a week ago. Maybe you need to revise your purchasing decision. That had to be a joke. I chuckled, so yea, it had to be a joke. Dooglus, Your to serious. That didn't require an answer. People won't learn a thing if you spoon feed them. Let 'em work.... |
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DO NOT DOWLOAD THE WINDOWS WALLET LINK FROM THE POST ABOVE MADE BY Monkeynutz.
IT IS A VIRUS.
remove his post please.
moderator mprep have been pm'ed. he was reported.
edit : the bad link was removed by OP. thanks.
Did Mods already take care of this issue? I have crawled the above posts and do not see the post you refer to -SuperCLAM I think they got the original post. I quoted it, but removed the link once I saw the warning... Should be all good.... |
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Don't forget to update your wallets guys!! Mandatory update! Would be nice if either the block # or date was included so we knew which fork this was for. I have to go check each time I see something like this. Removed links to wallets |
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Hello everyone I just launched CLAMS Roulette for the community I hope everyone likes it. Please give suggestions for improvements please! http://clamsroulette.com Not really Roulette, more of a wheel of chance. I prefer real roulette, Single 0 even better. I didn't have a balance so I don't know if the text would change colors, but I could just barely make out the Your Balance with the clam in the background. no Help or FAQ button? Balance on the withdrawal popup. Add IRC to the #Clams button. I didn't know what it was, till I clicked it.... Otherwise it looks ok. |
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The site reads : -Proof-Of-Stake reward is designed to replace coins lost, unclaimed or inaccessible over time. The block reward of 1 CLAM means that 526,000 new CLAMs are created each year. The annual rate of return varies in relation to the current active money supply. Accordingly, the present annual rate of return is 234%, and the daily return is 0.64%- How the new coins are given and who get them? If I have coins on just-dice (not invested) do I get a reward? I think dooglus said no, it will be given to investors If I have coins on an exchange, do I get CLAM for the block reward? If I have 1000CLAM and there are 1,000,000CLAM do I get 0.001CLAM each block or do I have 1/1000 chance of getting one each block? If it is the former when are the CLAM delivered to my wallet? EDIT : Sorry for being a noob but it seems to me some addresses I used were not empty: may you please check if I'm correct?
here are just some of them:
17hGb6CfGqXp9FpCXtrcR2Y16dX3UmBVFk
1AFizN1hhGtfG2eAdxVXW8xGodcJhHHaCv
12wU1fGk3CAbhtQRvrB1Xeb11TeHCyCBFp All 3 addresses have CLAMS according to just-dice.com /dig ADRESS You can get the CLAM easily on just-dice, look at the FAQ, don't forget to empty the addresses before, just to be safe. PoS is based on when you stake a block. To give an easy example: Let's say you have 100 coins. APR is 365% (interest rate). You will get about 1 coin per day. This doesn't mean that you get it every day, but let's say that it took a week to stake a block. Your reward would be 7. If it took you 60 days, the reward would be 60. The theory is that this works out to give the proper interest rate -- you just never know when it's going to hit. So you could also stake a block in half a day and get a 0.5 reward. What's important to understand here, though, is that the earlier you stake, the more you earn due to compounding. Using the above example: In half a year, you stake a block. You have 150 that are now staking interest. In a day you stake a block. You now have 151 that are staking interest. Just to clear up any inaccuracy's. Let's say you have 100 coins. APR is 365% (interest rate).
You will get about 1 coin per day. This doesn't mean that you get it every day, but let's say that it took a week to stake a block. Your reward would be 7. If it took you 60 days, the reward would be 60
Your descriptions is true for normal interest based POS coins. Clams are different. Stakes are always 1 clam per block(plus any transaction fees for the block). Staking is based on the combined total of all coins in the wallet. Not just the coins in each staking pile. So for the example of 100 coins. You should stake approximately once per day. but you might stake 2 times or you might not stake at all. If it takes you 10 days to stake you still will only get 1 clam. Nothing is compounding. The new clams, once matured will add to your over all stake weight. The reason people talk about using coin control and dividing up the clams into smaller piles has to do with coins maturing. Once you stake the coins have to mature for 510 confirms or 4 hours which ever is longer. If you divide your coins you only have a small pile maturing and the rest can continue to stake. |
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Whats the minimum size block? IE what size will just hit 1000 at day 30? If anyone knows off the top of their heads or has a quick way to calculate it.
Thanks.
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