Just-Dice.com : now with added CLAMs : Play or Invest

[ranlo]

Dooglus, had you already considered this scenario and how it would be handled? Again, it's a small chance, but any chance should be accounted for because let's face it: things happen.

Yes, you won't be allowed to risk more than you have on deposit.

If the max profit was 5% then it would be silly for JD to let you leverage by more than 20x.

I get you now. For some reason, the math wasn't clicking properly with me, but after running it again, you're right.

[picolo]

Some heavy buying on poloniex!

[toddtervy]

Works pretty good with clams, fast confirm times.

[seuntjie]

Seuntjies DiceBot update:

Updates for v2.5.5
  added labouchere system
  slight gui redesign


Newest Version: 2.5.5
Complete download: http://sourceforge.net/projects/seuntjiejddb/files/Complete%20Release/DiceBot-2.5.5.zip/download
         alternate link: http://www.seuntjie.com/Downloads/DiceBot-2.5.5.zip
Update only: http://sourceforge.net/projects/seuntjiejddb/files/Update%20Only/DiceBot-2.5.5.exe/download (replace previous .exe with this one, requires v2.5 or newer)
         alternate link: http://www.seuntjie.com/Downloads/DiceBot-2.5.5.exe

Source available at: https://sourceforge.net/p/seuntjiejddb/code/ci/master/tree/

See Beginners guide! https://bitcointalk.org/index.php?topic=391870

Original thread: https://bitcointalk.org/index.php?topic=307425

[picolo]

Works pretty good with clams, fast confirm times.

It works very well but the investors have an exchange risk that they need to take into account.

[ranlo]

Works pretty good with clams, fast confirm times.

It works very well but the investors have an exchange risk that they need to take into account.

This. If you invested soon after the site came online, you'd have earned about 10-15% total by now... but the exchange rate has dropped by over 60% since then, so you've actually lost about half of what you started with (you have more coins but they are worth a fraction of what they used to be).

[picolo]

Works pretty good with clams, fast confirm times.

It works very well but the investors have an exchange risk that they need to take into account.

This. If you invested soon after the site came online, you'd have earned about 10-15% total by now... but the exchange rate has dropped by over 60% since then, so you've actually lost about half of what you started with (you have more coins but they are worth a fraction of what they used to be).

Soon after the site came online the price was 0.002-0.004, wasn't it? So you would be up.

[ranlo]

Works pretty good with clams, fast confirm times.

It works very well but the investors have an exchange risk that they need to take into account.

This. If you invested soon after the site came online, you'd have earned about 10-15% total by now... but the exchange rate has dropped by over 60% since then, so you've actually lost about half of what you started with (you have more coins but they are worth a fraction of what they used to be).

Soon after the site came online the price was 0.002-0.004, wasn't it? So you would be up.

0.007+ for a while. All for the first day or two it was ~0.006 with random spikes.

[picolo]

Works pretty good with clams, fast confirm times.

It works very well but the investors have an exchange risk that they need to take into account.

This. If you invested soon after the site came online, you'd have earned about 10-15% total by now... but the exchange rate has dropped by over 60% since then, so you've actually lost about half of what you started with (you have more coins but they are worth a fraction of what they used to be).

Soon after the site came online the price was 0.002-0.004, wasn't it? So you would be up.

0.007+ for a while. All for the first day or two it was ~0.006 with random spikes.

You would be in negative if you bought up at 0.007
If the price stays at 0.003 you would be even in less than a year if you bought in at 0.007

By the way, where do the transactions fees go?

[ranlo]

Works pretty good with clams, fast confirm times.

It works very well but the investors have an exchange risk that they need to take into account.

This. If you invested soon after the site came online, you'd have earned about 10-15% total by now... but the exchange rate has dropped by over 60% since then, so you've actually lost about half of what you started with (you have more coins but they are worth a fraction of what they used to be).

Soon after the site came online the price was 0.002-0.004, wasn't it? So you would be up.

0.007+ for a while. All for the first day or two it was ~0.006 with random spikes.

You would be in negative if you bought up at 0.007
If the price stays at 0.003 you would be even in less than a year if you bought in at 0.007

By the way, where do the transactions fees go?

The issue is only like 3% of the original distribution has been claimed, and far less of the total. Assuming it'll keep at 0.003 would require capital investments of 10-20x the current cap, if not more, to sustain it (and that just assumed 30-60% of the coins will be claimed).

Hard to tell for sure what's going to happen, but the price is still on a slow decline.

[dooglus]

By the way, where do the transactions fees go?

We a block is staked, the block reward is 1 CLAM plus any transaction fees from the included transactions.

JD stakes about 1000 blocks per day at the moment, out of the 1440 blocks we expect to see per day, and the block reward from those blocks goes into the bankroll and is shared between the investors as profit.

The site checks once per minute for new block rewards, so sometimes it reports that we staked 3 or 4 CLAMs at once. That just means that we staked 3 or 4 blocks in the last minute.

Here's an example:



4 of the 5 "we just staked" lines include transaction fees, which is why the amount staked isn't an integer.

[ranlo]

By the way, where do the transactions fees go?

We a block is staked, the block reward is 1 CLAM plus any transaction fees from the included transactions.

JD stakes about 1000 blocks per day at the moment, out of the 1440 blocks we expect to see per day, and the block reward from those blocks goes into the bankroll and is shared between the investors as profit.

The site checks once per minute for new block rewards, so sometimes it reports that we staked 3 or 4 CLAMs at once. That just means that we staked 3 or 4 blocks in the last minute.

Here's an example:



4 of the 5 "we just staked" lines include transaction fees, which is why the amount staked isn't an integer.

I like it when the stake is above 1.0000. Not because it pays more, but because it means people are using CLAM (a very important part of giving any coin value is liquidity/usage).

So question: I know you've been kind of hesitant to run another site alongside the main one, but as we saw from DOGE and BTC together, it increased the play as both sites had a great deal of players. Would you consider opening up a second site such that it'd be CLAM and another? From a market perspective, I don't see a downside. And since it should be almost just like the CLAM site, management should be easy enough as well, no?

[picolo]

By the way, where do the transactions fees go?

We a block is staked, the block reward is 1 CLAM plus any transaction fees from the included transactions.

JD stakes about 1000 blocks per day at the moment, out of the 1440 blocks we expect to see per day, and the block reward from those blocks goes into the bankroll and is shared between the investors as profit.

The site checks once per minute for new block rewards, so sometimes it reports that we staked 3 or 4 CLAMs at once. That just means that we staked 3 or 4 blocks in the last minute.

Here's an example:



4 of the 5 "we just staked" lines include transaction fees, which is why the amount staked isn't an integer.

I like it when the stake is above 1.0000. Not because it pays more, but because it means people are using CLAM (a very important part of giving any coin value is liquidity/usage).

So question: I know you've been kind of hesitant to run another site alongside the main one, but as we saw from DOGE and BTC together, it increased the play as both sites had a great deal of players. Would you consider opening up a second site such that it'd be CLAM and another? From a market perspective, I don't see a downside. And since it should be almost just like the CLAM site, management should be easy enough as well, no?

I was surprised that the transactions fees are so small. But it's 0.001/transaction so 0.07 means there were 70 transactions in a minute which is a lot.

[samuel999]

I am wondering if Dooglus collects 10% of earnings from stake as well as earnings from gambling profits for commission, or just from site gambling profits?

[Keyser Soze]

I am wondering if Dooglus collects 10% of earnings from stake as well as earnings from gambling profits for commission, or just from site gambling profits?

Almost positive he collects 10% of the stake as well.

[BayAreaCoins]

I am wondering if Dooglus collects 10% of earnings from stake as well as earnings from gambling profits for commission, or just from site gambling profits?

Almost positive he collects 10% of the stake as well.

Yes.

Doog collects 10% of the profits.  (Gambling + Stakes)

[pureelite]

I am wondering if Dooglus collects 10% of earnings from stake as well as earnings from gambling profits for commission, or just from site gambling profits?

Almost positive he collects 10% of the stake as well.

Yes.

Doog collects 10% of the profits.  (Gambling + Stakes)

bay does dooglus have some clams invested in investement?

[BayAreaCoins]

I am wondering if Dooglus collects 10% of earnings from stake as well as earnings from gambling profits for commission, or just from site gambling profits?

Almost positive he collects 10% of the stake as well.

Yes.

Doog collects 10% of the profits.  (Gambling + Stakes)

bay does dooglus have some clams invested in investement?

From my understand yes.  Every Sunday his 10% earnings is also invested back into the site though his account. 

If you divest early and pay early then it sits in Limbo until Sunday when it is invested in his account.

[uvwvj]

Just-Dice Site is worth more than the CLAM market cap  - Gamble wisely my friends

There is no LIQUIDITY in CLAMS - it is a very badly laid out coin even though we love JD don't fall behind the 8ball on a bad "Piece of Shit" (POS) Coin

Per http://coinmarketcap.com/ CLAMS is the #40 Coin - with a Market Cap of $ 649,247 @ a price of $ 1.41 with 461,588 CLAM dug and a volume of $18,540.

After 1 Month of Operation JD has "Site Profits" of $43,374.61 and "Site Stake Profits" of $44,493.15.  - This is using Daily USD cost of Clams.

Just-Dice's Profits are only the 10% Commission on both the Site Profits and Site Stake Profits totaling $8,800, because of liabilities Dooglus has to his bankrollers ("investors" that includes himself) based on them lending Clams to increase wagered and allowing him not to bankroll the whole site.

Therefore Just-Dices perceived Market Cap is $8,800 per Month x 12 months x 10 years = $1,056,000 USD because gambling in crypto all relates back to USD.  This is MORE than Clams Market Cap right now

Site Wagered Profit in USD - Daily (Cumm)


Site Total Profit - Wagered + Staked USD


Backup



Supply of Clams

On Dec 16th
Poloniex CLAM last: 0.00532001 highest bid: 0.00532002 lowest ask: 0.00549982 lowest/highest 24h: 0.00400000/0.00693100
47,734 of 3,208,032 sets of 4.60545574 CLAM were dug up so far from the initial distribution
219,837 CLAM were dug up and 149,873 CLAM were staked for a total of 369,710 CLAM
Just-Dice's bankroll of 178,445 CLAM represents 48.27% of that amount
if all the distributed CLAMs were dug up, the total money supply would be 14,924,274 CLAM

Current
INFO: 60,244 of 3,208,032 sets of 4.60545574 CLAM were dug up so far from the initial distribution
INFO: 277,451 CLAM were dug up and 184,172 CLAM were staked for a total of 461,623 CLAM
INFO: Just-Dice's bankroll of 293,101 CLAM represents 63.49% of that amount
INFO: if all the distributed CLAMs were dug up, the total money supply would be 14,958,573 CLAM


Right now if you want to make a 2x Max Profit bet (49.5%) - of 7.26 BTC ($2,085) at 0.005 without having CLAMS on hand you must buy from Poloniex all the way through 0.0059 - and if you hit that bet you would have to dump through - 0.0040.  This is a HUGE disapparity because of the way Proof Of Stake coins work versus Proof of Work coins.  There is no LIQUIDITY in CLAMS - it is a very badly laid out coin.

[dooglus]

Right now if you want to make a 2x Max Profit bet (49.5%) - of 7.26 BTC ($2,085) at 0.005 without having CLAMS on hand you must buy from Poloniex all the way through 0.0059 - and if you hit that bet you would have to dump through - 0.0040.  This is a HUGE disapparity because of the way Proof Of Stake coins work versus Proof of Work coins.  There is no LIQUIDITY in CLAMS - it is a very badly laid out coin.[/b]

Can you explain this? I don't understand how the depth of market (it's not deep) is in any way related to the fact that it is a proof of stake coin.

The problem as I see it is that there is only one widely used service which accepts CLAM and so most of the CLAM is currently there. Given the choice between letting your coins sit idle on an exchange and actively working for you on Just-Dice most people pick the latter. Would that be any different if the coin was proof of work instead?

Also, note that if you put a decent buy order on Poloniex it really doesn't take long for someone to see it, deposit CLAMs, and dump into it. It's not like it's hard to buy CLAMs, you just have to be willing to place a reasonable buy order and wait a while.