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Author Topic: [ANN][CLAM] CLAMs, Proof-Of-Chain, Proof-Of-Working-Stake, a.k.a. "Clamcoin"  (Read 1149889 times)
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dooglus
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January 15, 2015, 07:31:39 AM
 #2141

May I ask you what are the requirements to mint with PoS? I read that the funds should be about 8 hours old, but I didn't catch if there is a minimum amount to have in an address to be able to stake a block.

Thank you
No minimum, in fact, you can mint with 0 coins if I've got my head around the concept.

To be safe, have one [coin].

You can't stake any blocks if you have 0 coins. Your chance of staking is proportional to the number of coins you have staking.

Coins can't stake if they (1) have been involved in a transaction in the last 4 hours or (2) have staked in the last 500 blocks.

The network difficulty adjusts to try to keep the whole network staking 1 block per minute. So if there are 400k CLAMs currently trying to stake, each 1 CLAM has a 1 in 400k chance of staking in any given minute. Roughly.

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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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Vortex20000
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January 15, 2015, 09:37:21 AM
 #2142

May I ask you what are the requirements to mint with PoS? I read that the funds should be about 8 hours old, but I didn't catch if there is a minimum amount to have in an address to be able to stake a block.

Thank you
No minimum, in fact, you can mint with 0 coins if I've got my head around the concept.

To be safe, have one [coin].

You can't stake any blocks if you have 0 coins. Your chance of staking is proportional to the number of coins you have staking.

Coins can't stake if they (1) have been involved in a transaction in the last 4 hours or (2) have staked in the last 500 blocks.

The network difficulty adjusts to try to keep the whole network staking 1 block per minute. So if there are 400k CLAMs currently trying to stake, each 1 CLAM has a 1 in 400k chance of staking in any given minute. Roughly.
I see. I think I was fooled by the estimated staking time while having zero coins being an extremely high number of days, but not nil, if you get my meaning.

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January 15, 2015, 12:08:36 PM
 #2143

picolo
SuperClam
istvandv
shawn2025
Thank You all for help. I delete everything in roaming, then start wallet import old doge wallet. At block 10000 I receive 18 clams! More then I wait. Now I reach!
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January 15, 2015, 01:50:47 PM
 #2144

picolo
SuperClam
istvandv
shawn2025
Thank You all for help. I delete everything in roaming, then start wallet import old doge wallet. At block 10000 I receive 18 clams! More then I wait. Now I reach!

You're welcome, keep stacking!
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January 15, 2015, 09:31:47 PM
 #2145

How long mature this coin for staking?
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January 15, 2015, 09:46:43 PM
 #2146

How long mature this coin for staking?

Look up just 4 posts above yours:

Coins can't stake if they (1) have been involved in a transaction in the last 4 hours or (2) have staked in the last 500 blocks.

Just-Dice                 ██             
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January 15, 2015, 11:50:55 PM
Last edit: January 16, 2015, 12:13:33 AM by BayAreaCoins
 #2147

Just a reminder - Dont forget the IRS if American -

Per US Guidelines - Read 8 & 9  of linked http://www.irs.gov/irb/2014-16_IRB/ar12.html - Mining (Staking) <--didn't see this part fuck tard coins is due to self employment tax if in the US
Q–9: Is an individual who “mines” virtual currency as a trade or business subject to self-employment tax on the income derived from those activities?

A–9: If a taxpayer’s “mining” of virtual currency constitutes a trade or business, and the “mining” activity is not undertaken by the taxpayer as an employee, the net earnings from self-employment (generally, gross income derived from carrying on a trade or business less allowable deductions) resulting from those activities constitute self-employment income and are subject to the self-employment tax. See Chapter 10 of Publication 334, Tax Guide for Small Business, for more information on self-employment tax and Publication 535, Business Expenses, for more information on determining whether expenses are from a business activity carried on to make a profit.


So if you are somebody like BayAreaCoins in the US who is profiting about 100 Clams a day and paying Dooglus 10% - the US TAX man also would get 18% at the USD daily rate

For example using the price allotations below BTC/Clam x USD /BTX * # of BTC could mean owing the US $18 a day if 100 Clams x USD Price of Clams = $100

https://bitcointalk.org/index.php?topic=238613.msg10092147#msg10092147

Why would I ever pay on USD that I didn't earn?

If CLAM heads to 0 like you say then I wouldn't owe anything right?  Roll Eyes

Thanks for your interpretation of the laws + that extra bit you threw in that wasn't there. Tongue 

I have confidence in my CPA and not much income, so I sleep easy at night.  

Consider this a write request not to use me in your examples any more or anything else... it's getting old and I'd rather just not talk to you or hear you talk about me.



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shitcointrader
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January 16, 2015, 01:39:03 AM
 #2148

Hi community. Need some help. I use my dodge wallet ( DRiRh7H8Rho4ipFeg7PaJeA5n5iaq7Uajr ) created January 2014. Go import and nothing( is it lottery or any wallet can claim coins?). Then I try put wallet in clam Appdata directory and after start wallet receive Warning: error reading wallet.dat!
Any idea? Thank You

you have clams waiting for you, i just checked:

<+SuperClam> DRiRh7H8Rho4ipFeg7PaJeA5n5iaq7Uajr was included in initial distrubution
<+SuperClam> current status: unspent

Any chance someone could check my Doge address,I've installed the Clam client and moved the dat file and all and 0 Clams. I've been holding Doge since day one!!
DTUzwu7GXEzpYsYc8983gtRPrTBWYSdTuG

Thanks
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January 16, 2015, 01:40:58 AM
 #2149

Hi community. Need some help. I use my dodge wallet ( DRiRh7H8Rho4ipFeg7PaJeA5n5iaq7Uajr ) created January 2014. Go import and nothing( is it lottery or any wallet can claim coins?). Then I try put wallet in clam Appdata directory and after start wallet receive Warning: error reading wallet.dat!
Any idea? Thank You

you have clams waiting for you, i just checked:

<+SuperClam> DRiRh7H8Rho4ipFeg7PaJeA5n5iaq7Uajr was included in initial distrubution
<+SuperClam> current status: unspent

Any chance someone could check my Doge address,I've installed the Clam client and moved the dat file and all and 0 Clams. I've been holding Doge since day one!!
DTUzwu7GXEzpYsYc8983gtRPrTBWYSdTuG

Thanks


You just posted a different address than you verified. Maybe that's related to the issue...
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January 16, 2015, 01:41:29 AM
 #2150


Any chance someone could check my Doge address,I've installed the Clam client and moved the dat file and all and 0 Clams. I've been holding Doge since day one!!
DTUzwu7GXEzpYsYc8983gtRPrTBWYSdTuG

Thanks


I went to JD and typed /dig DTUzwu7GXEzpYsYc8983gtRPrTBWYSdTuG

That address was not funded.

The address needs to have been in use on May 12th 2014.

That address you posted appears to be Nov 2014.


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shitcointrader
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January 16, 2015, 02:16:15 AM
 #2151

Thanks for the quick reply! I got a new phone and so a new wallet,my old phone Doge address that was in use in May :D5Cje45mYUCjXwsaQ6zUZopjYQgrFnnSYB
Thanks again for checking.
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January 16, 2015, 02:22:18 AM
 #2152


Any chance someone could check my Doge address,I've installed the Clam client and moved the dat file and all and 0 Clams. I've been holding Doge since day one!!
DTUzwu7GXEzpYsYc8983gtRPrTBWYSdTuG

Thanks


I went to JD and typed /dig DTUzwu7GXEzpYsYc8983gtRPrTBWYSdTuG

That address was not funded.

The address needs to have been in use on May 12th 2014.

That address you posted appears to be Nov 2014.

hi sir

may i know how to check when the address created ?

coz i got alot of doge address

thanks

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shitcointrader
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January 16, 2015, 02:29:50 AM
 #2153


Any chance someone could check my Doge address,I've installed the Clam client and moved the dat file and all and 0 Clams. I've been holding Doge since day one!!
DTUzwu7GXEzpYsYc8983gtRPrTBWYSdTuG

Thanks


I went to JD and typed /dig DTUzwu7GXEzpYsYc8983gtRPrTBWYSdTuG

That address was not funded.

The address needs to have been in use on May 12th 2014.

That address you posted appears to be Nov 2014.
Thanks for the quick reply! I got a new phone and so a new wallet,my old phone Doge address that was in use in May :D5Cje45mYUCjXwsaQ6zUZopjYQgrFnnSYB
Thanks again for checking.
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January 16, 2015, 02:37:38 AM
 #2154


Any chance someone could check my Doge address,I've installed the Clam client and moved the dat file and all and 0 Clams. I've been holding Doge since day one!!
DTUzwu7GXEzpYsYc8983gtRPrTBWYSdTuG

Thanks


I went to JD and typed /dig DTUzwu7GXEzpYsYc8983gtRPrTBWYSdTuG

That address was not funded.

The address needs to have been in use on May 12th 2014.

That address you posted appears to be Nov 2014.

hi sir

may i know how to check when the address created ?

coz i got alot of doge address

thanks

Step 1: Come to www.Just-dice.com
Step 2: Go to the Chat tab.
Step 3: Type /dig <address>
Tadda!

Or you can move all your coins off the wallets and DL the CLAM client.  The CLAM client automatically sniff through your wallets searching for CLAM.


Any chance someone could check my Doge address,I've installed the Clam client and moved the dat file and all and 0 Clams. I've been holding Doge since day one!!
DTUzwu7GXEzpYsYc8983gtRPrTBWYSdTuG

Thanks


I went to JD and typed /dig DTUzwu7GXEzpYsYc8983gtRPrTBWYSdTuG

That address was not funded.

The address needs to have been in use on May 12th 2014.

That address you posted appears to be Nov 2014.
Thanks for the quick reply! I got a new phone and so a new wallet,my old phone Doge address that was in use in May :D5Cje45mYUCjXwsaQ6zUZopjYQgrFnnSYB
Thanks again for checking.

18:34:07 INFO: CLAM address [x8NGzfyb] corresponding to DOGE address [D5Cje45m] was funded with 4.60545574 CLAM when the initial distribution was made; the CLAMs have not been spent and are waiting for you to collect them; use /dig ADDRESS PRIVKEY to have them dug up and sent to your deposit address for this account; the private key you provide will not be logged, and will be discarded immediately after use; having said that it is best to move any BTC/LTC/DOGE at that address to a new address first just to be on the safe side

Congrats you have CLAMS on this address.

Now you need to move all the DOGE off that address and never use it again.

Come to www.just-dice.com and type.

/dig D5Cje45mYUCjXwsaQ6zUZopjYQgrFnnSYB <private key>

No <>'s

Wait for 10 confirmations and it will show up in your balance fee free!

You can also use the CLAM wallet if you want, but Just-dice offers that free, fast and simple service!


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dooglus
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January 16, 2015, 02:43:17 AM
 #2155

Wait for 10 confirmations and it will show up in your balance fee free!

You can also use the CLAM wallet if you want, but Just-dice offers that free, fast and simple service!

Minor correction: I think the transaction that moves your CLAM from their current location to the JD wallet includes a 0.0001 CLAM transaction fee, which you pay for, so it's not quite "fee free". Having said that, the fee is worth about a tenth hundredth of a US cent, so it's almost free.

Edit: for example:

http://khashier.com/tx/5ead1d917e39a937df013a444764d6206dd58d22f1b74903a8c05c949affb2b1#o0

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ymod123
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January 16, 2015, 02:45:11 AM
 #2156

can my doge , btc , LTC  addresses in the exchange to get Clam?
BayAreaCoins
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January 16, 2015, 02:50:23 AM
 #2157

can my doge , btc , LTC  addresses in the exchange to get Clam?

Depends if you have the private key or not.

Dooglus is also correct above.  Tiny tiny network fee.


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ymod123
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January 16, 2015, 02:53:17 AM
 #2158

can my doge , btc , LTC  addresses in the exchange to get Clam?

Depends if you have the private key or not.

Dooglus is also correct above.  Tiny tiny network fee.

most of exchanges dont give give private key right? like Polo and cryptsy?
BayAreaCoins
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January 16, 2015, 02:56:39 AM
 #2159

can my doge , btc , LTC  addresses in the exchange to get Clam?

Depends if you have the private key or not.

Dooglus is also correct above.  Tiny tiny network fee.

most of exchanges dont give give private key right? like Polo and cryptsy?

Correct


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ymod123
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January 16, 2015, 02:57:22 AM
 #2160

can my doge , btc , LTC  addresses in the exchange to get Clam?

Depends if you have the private key or not.

Dooglus is also correct above.  Tiny tiny network fee.

most of exchanges dont give give private key right? like Polo and cryptsy?

Correct

okay thanks ....i guess i just buy... clam ......
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