[ANN][CLAM] CLAMs, Proof-Of-Chain, Proof-Of-Working-Stake, a.k.a. "Clamcoin"

[rocoro]

a) Because v1.4.4 gets a lot of peers to de-sync and keep requesting the same blocks over and over again, wasting other peers' upload capability.

b) Also because v1.4.3.1 to v1.4.5 have a bug that makes most peers fail to advertise their external IP address, making them impossible to discover, severely limiting peer availability.

c) v1.4.5 also has a bug that makes it identify itself as v1.4.4, meaning we can't even easily ban v1.4.4 from the network to work around a) above.

So together we have less available peers, each of which has their bandwidth being wasted, and no easy way of fixing this waste. The three bugs together make the network crappy for the few up to date peers on the network.

Hi Dooglus..   with all these issues is there any way to verify or confirm that let's say you have a current version (1.4.7) wallet, and it would be staking correctly??

I get the feeling a lot of people are not getting the stakes they should.

What should we look for ..  are there signs in Debug.log ?  

And what would help continue staking..  simply keep restarting the wallet and hope to connect to "good" peers

Edit: removed non-essential question

[dooglus]

Hi Dooglus..   with all these issues is there any way to verify or confirm that let's say you have a current version (1.4.7) wallet, and it would be staking correctly??

I get the feeling a lot of people are not getting the stakes they should.

What should we look for ..  are there signs in Debug.log ?  

And what would help continue staking..  simply keep restarting the wallet and hope to connect to "good" peers

As long as you are running v1.4.7, seeing the same chain as khashier shows, and your client claims that it is staking... then you are.

[crazyearner]

How often is stake generated on coins and whats the % of stake you get for leaving in wallet to stake on etc.

[dooglus]

How often is stake generated on coins and whats the % of stake you get for leaving in wallet to stake on etc.

The network aims to stake 1 block per minute, and the block reward is 1 CLAM plus transaction fees.

There's about 480k CLAM attempting to stake, so each 1 CLAM can expect to stake every 480k minutes, or every 8000 hours, or every 333 days.

Alternatively, if you have 333 CLAM, you can expect it to stake once per day on average.

That's about 24*7*100.0 / 8000 = 2.1% per week.

It will get harder over time as we can expect more and more CLAMs to be attempting to stake as time goes on.

[crazyearner]

How often is stake generated on coins and whats the % of stake you get for leaving in wallet to stake on etc.

The network aims to stake 1 block per minute, and the block reward is 1 CLAM plus transaction fees.

There's about 480k CLAM attempting to stake, so each 1 CLAM can expect to stake every 480k minutes, or every 8000 hours, or every 333 days.

Alternatively, if you have 333 CLAM, you can expect it to stake once per day on average.

That's about 24*7*100.0 / 8000 = 2.1% per week.

It will get harder over time as we can expect more and more CLAMs to be attempting to stake as time goes on.

Well so far am at about 100 CLAMs Need to find me other wallets and add them into it. Also one imported can I just dump privekey of main wallet to keep and the delete wallet dat and import from old one as theirs over 80 to 100 addresses or so addresses in list so far.

[MinermanNC]

New wallet up and syncing 

[dooglus]

Also one imported can I just dump privekey of main wallet to keep and the delete wallet dat and import from old one as theirs over 80 to 100 addresses or so addresses in list so far.

It's pretty hard to understand what you're asking.

If you mean:

Also once imported can I just export the privkey of the main wallet, make a note of it, delete wallet.dat then import just the exported privkey into a new wallet?

Then no, you can't. You have 4.6 CLAMs at 20 or 30 different addresses at the moment. You can go to the debug console and run "listunspent". It will give you a list of the funded addresses. Then you can dumpprivkey for just those addresses, make notes of them, delete wallet.dat, make a new wallet, and import them again. That will result in a much smaller wallet.dat file with the same balance.

Or you can send your whole balance to a single address, and just import that address into a new wallet. But then all your CLAM are at a single address in a single output, and will be sitting idle for 8 hours each time they stake.

Does that help?

[MinermanNC]

How many clams does it take to give a steaking weight 

[gilangIDR]

smoothly walllet , n only staking .
dev dou u can add Clams to bittrex ?

i think clams earn big volume ... n the price stable

[SuperClam]

smoothly walllet , n only staking .
dev dou u can add Clams to bittrex ?
i think clams earn big volume ... n the price stable

Bittrex exchange has been contacted multiple times, via multiple channels, initiated by multiple people.

In the last response that I am aware of staff agreed to re-review CLAM at a future date for consideration.

[gilangIDR]

it's good .
I hope that in the near future 

[BayAreaCoins]

smoothly walllet , n only staking .
dev dou u can add Clams to bittrex ?
i think clams earn big volume ... n the price stable

Bittrex exchange has been contacted multiple times, via multiple channels, initiated by multiple people.

In the last response that I am aware of staff agreed to re-review CLAM at a future date for consideration.

https://twitter.com/BayAreaCoins/status/554996228497235968

[cloverme]

I'm looking for information about the clam qt-based client and whether or not if it supports the same JSON/RPC commands that the bitcoin client uses.

Thanks

[picolo]

Who is keeping the price as high as 0.007 to unload CLAMS outside exchanges?

[dooglus]

Who is keeping the price as high as 0.007 to unload CLAMS outside exchanges?

I sold 1000 CLAM this morning for 7 BTC to someone who PM'ed me on Just-Dice asking if I had any CLAM to sell.

I don't know if anyone is deliberately manipulating the price. I guess you could argue that by approaching me privately rather than buying on the exchange he is keeping the price lower than it would otherwise be. His message to me effectively increased the supply of CLAM (because otherwise I would have just kept them in the JD bankroll).

[dooglus]

Dooglus,  would there be some way that I could reject all the 1.4.4 clients?

Yes, if you can build from source.

See https://github.com/dooglus/clams/commit/0022ff97

Edit: except it appears that v1.4.5 also calls itself v1.4.4, so that commit will probably reject v1.4.5 peers too.

I made an issue on github about this.

Now that there are a decent number of v1.4.7 peers on the network, is it reasonable to start dropping connections from the buggy v1.4.4 client?

https://github.com/nochowderforyou/clams/issues/155

[dooglus]

How many clams does it take to give a steaking weight 

Your staking weight is the same as your balance. If you want a non-zero staking weight, you need a non-zero balance.

The only caveat is that coins don't contribute to your staking weight until 4 hours after they were last involved in a transaction, and until 510 blocks after they last staked.

[dooglus]

I'm looking for information about the clam qt-based client and whether or not if it supports the same JSON/RPC commands that the bitcoin client uses.

It's very similar, but not the same.

Run "clamd help" to get a list of the commands it supports.

CLAM is proof of stake, and so has RPC commands related to staking that bitcoind doesn't have:

Code:

$ clamd help | grep stak
getstakedbyaddress <clamaddress|*> [minconf=1]
getstakinginfo
$ 

[taxmanmt5]

i have been investing in many altcoins n finally decided to invest a bit in clams !

i would like to know which one is better

1) Investment in JD or
2) Staking in QT

Secondly only one faucet of clam is working !

I would be glad to know answers for these questions !

[Vortex20000]

i have been investing in many altcoins n finally decided to invest a bit in clams !

i would like to know which one is better

1) Investment in JD or
2) Staking in QT

Secondly only one faucet of clam is working !

I would be glad to know answers for these questions !

JD Investment: Lower variance, eventual 10% profit loss
Staking in QT: Higher variance, no fee on staking