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Author Topic: [ANN][CLAM] CLAMs, Proof-Of-Chain, Proof-Of-Working-Stake, a.k.a. "Clamcoin"  (Read 1149911 times)
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ethought
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April 09, 2015, 06:44:22 AM
 #2821




Clams has now been added to the CoinWallet.co online wallet service.

https://www.coinwallet.co

Running since Nov 2013.

As always use online wallets with caution and store the majority of your coins in cold storage or a secure / encrypted wallet on your computer.

Coinwallet.co serves as an easy to use web based wallet that you can access with just an internet connection. Handy to aggregate your mining income or have a small amount of coins accessible when you don't have access to your main wallet.

Free deposits.

0.5% fee on withdrawals.

2 Factor email authentication option on withdrawals.

Google Authenticator option on login.
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Every time a block is mined, a certain amount of BTC (called the subsidy) is created out of thin air and given to the miner. The subsidy halves every four years and will reach 0 in about 130 years.
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April 09, 2015, 09:03:38 AM
 #2822




Clams has now been added to the CoinWallet.co online wallet service.

https://www.coinwallet.co

Running since Nov 2013.

As always use online wallets with caution and store the majority of your coins in cold storage or a secure / encrypted wallet on your computer.

Coinwallet.co serves as an easy to use web based wallet that you can access with just an internet connection. Handy to aggregate your mining income or have a small amount of coins accessible when you don't have access to your main wallet.

Free deposits.

0.5% fee on withdrawals.

2 Factor email authentication option on withdrawals.

Google Authenticator option on login.

Does this wallet give the customers their stakes?

Would be really sweet to give folks 100% of what they stake and charge the fee on the withdraw.... just food for thought!!!!


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dooglus
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April 09, 2015, 06:03:39 PM
 #2823

Clams has now been added to the CoinWallet.co online wallet service.

That's great news.

I'm wondering the same as BayAreaCoins:

What percentage of the staking reward do you give to your depositors?

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April 09, 2015, 06:07:44 PM
 #2824

The whole on-line wallet thing scares the crap out of me!!

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April 09, 2015, 06:10:45 PM
 #2825

The whole on-line wallet thing scares the crap out of me!!

I guess if you're using it only for small amounts that you can afford to lose then it can be OK. You're trading security for convenience, which isn't bad so long as you understand the risks.

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April 09, 2015, 06:25:59 PM
 #2826

The whole on-line wallet thing scares the crap out of me!!

I guess if you're using it only for small amounts that you can afford to lose then it can be OK. You're trading security for convenience, which isn't bad so long as you understand the risks.

After losing much crypto on exchanges, I don't even like leaving a balance on exchanges!!!

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April 10, 2015, 01:14:34 AM
 #2827

havent been on here in a while, whats a good block size? and how much clams should i expect a day if i had 1 BTC worth?
thanks!
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April 10, 2015, 01:24:40 AM
 #2828

I think clams distrubution is a real cool thing to do. Now I search my old wallets!

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April 10, 2015, 02:28:30 AM
 #2829

havent been on here in a while, whats a good block size? and how much clams should i expect a day if i had 1 BTC worth?
thanks!

10 is a good size for staking. Unless you don't have more than 100, in which case go smaller.

You can expect about 0.2% per day. So 0.002 BTC worth per day.

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April 10, 2015, 03:46:58 PM
Last edit: April 10, 2015, 03:57:51 PM by omahapoker
 #2830

Dadice recently adopted CLAM deposits, but Im afraid they sell the CLAMs right away and buy BTC for them. Not entirely sure, I still didnt ask. Its certainly not possible to play with CLAM directly. Might be an indicator for more casinos adopting CLAM though, which would in turn increase its usefulness and thus possibly the price.

I'm not sure whether that's a good thing for CLAM or not if they "accept" CLAM but immediately sell them.

Kind of like people getting excited about merchant adoption of BTC when it reality the merchant uses BitPay or similar to instantly convert the "accepted" BTC into USD.

I guess overall it just gets the brand out there to more people, so I guess it's a net positive for CLAM.

who cares about them buying 100,000 clam(offsite)SmileySad then sell for btc 3 seconds later.


clam total Rev. genenated just went up $167,784 from that


let clam grow dooglus
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April 10, 2015, 03:59:23 PM
Last edit: April 10, 2015, 07:08:34 PM by BayAreaCoins
 #2831

https://twitter.com/BayAreaCoins/status/584634826491166720

lol kind of funny!

Paramount Favorited one of my tweets about BTC/CLAM (sponge bob related.)


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April 11, 2015, 02:27:27 AM
 #2832

I just updated my bootstrap.dat file which helps people get their wallet synced with the blockchain quicker.

It goes up to block 419140 which was staked on Sat Apr 11 02:15:12 2015 UTC.

See https://bitcointalk.org/index.php?topic=623147.msg9772191#msg9772191 for details.

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April 11, 2015, 11:45:45 AM
 #2833

I made an updated bootstrap.dat file for people having trouble syncing their client.

It goes up to block 419140 which was staked on Sat Apr 11 02:15:12 2015 UTC.

https://s3.amazonaws.com/dooglus/bootstrap.dat

or

https://s3.amazonaws.com/dooglus/bootstrap.dat?torrent if you want to download it using BitTorrent.

Download it, put it into the same folder as your CLAM wallet.dat, then restart the client.

It will take a while to import it, but it will be a lot faster than trying to sync using the p2p network.

When it is done, the client will rename the file to bootstrap.dat.old and won't look at it again.

Once it has been renamed you can delete it if you like.

To verify that you have the right file:

$ sha256sum bootstrap.dat
90be19e7d39a8620be2f62726736f55a19857b7306ceeed6440de72d354fe89b  bootstrap.dat

Just confirmed the hash myself...

Code:
me@XX:~$ clamd dumpbootstrap ~/bootstrap.dat 419140
me@XX:~$ sha256sum bootstrap.dat
90be19e7d39a8620be2f62726736f55a19857b7306ceeed6440de72d354fe89b  bootstrap.dat


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April 11, 2015, 01:12:14 PM
 #2834

I made an updated bootstrap.dat file for people having trouble syncing their client.

It goes up to block 419140 which was staked on Sat Apr 11 02:15:12 2015 UTC.

https://s3.amazonaws.com/dooglus/bootstrap.dat

or

https://s3.amazonaws.com/dooglus/bootstrap.dat?torrent if you want to download it using BitTorrent.

Download it, put it into the same folder as your CLAM wallet.dat, then restart the client.

It will take a while to import it, but it will be a lot faster than trying to sync using the p2p network.

When it is done, the client will rename the file to bootstrap.dat.old and won't look at it again.

Once it has been renamed you can delete it if you like.

To verify that you have the right file:

$ sha256sum bootstrap.dat
90be19e7d39a8620be2f62726736f55a19857b7306ceeed6440de72d354fe89b  bootstrap.dat

Just confirmed the hash myself...

Code:
me@XX:~$ clamd dumpbootstrap ~/bootstrap.dat 419140
me@XX:~$ sha256sum bootstrap.dat
90be19e7d39a8620be2f62726736f55a19857b7306ceeed6440de72d354fe89b  bootstrap.dat

Thanks.

I don't think there's much an evil actor could do to you by crafting a "wrong" bootstrap.dat file. You would download it, the client would import it and either find that it was valid or it wasn't. He couldn't just change random bytes to give himself more coins, because then the blocks wouldn't validate. He could stake his own separate fork of the chain and upload it as a bootstrap.dat, but if it didn't have a higher cumulative difficulty than the chain on the rest of the network it would quickly be replaced by your client.

But it's good to have confirmation anyway. Smiley

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April 11, 2015, 01:16:12 PM
 #2835

I made an updated bootstrap.dat file for people having trouble syncing their client.

It goes up to block 419140 which was staked on Sat Apr 11 02:15:12 2015 UTC.

https://s3.amazonaws.com/dooglus/bootstrap.dat

or

https://s3.amazonaws.com/dooglus/bootstrap.dat?torrent if you want to download it using BitTorrent.

Download it, put it into the same folder as your CLAM wallet.dat, then restart the client.

It will take a while to import it, but it will be a lot faster than trying to sync using the p2p network.

When it is done, the client will rename the file to bootstrap.dat.old and won't look at it again.

Once it has been renamed you can delete it if you like.

To verify that you have the right file:

$ sha256sum bootstrap.dat
90be19e7d39a8620be2f62726736f55a19857b7306ceeed6440de72d354fe89b  bootstrap.dat

Just confirmed the hash myself...

Code:
me@XX:~$ clamd dumpbootstrap ~/bootstrap.dat 419140
me@XX:~$ sha256sum bootstrap.dat
90be19e7d39a8620be2f62726736f55a19857b7306ceeed6440de72d354fe89b  bootstrap.dat

Thanks.

I don't think there's much an evil actor could do to you by crafting a "wrong" bootstrap.dat file. You would download it, the client would import it and either find that it was valid or it wasn't. He couldn't just change random bytes to give himself more coins, because then the blocks wouldn't validate. He could stake his own separate fork of the chain and upload it as a bootstrap.dat, but if it didn't have a higher cumulative difficulty than the chain on the rest of the network it would quickly be replaced by your client.

But it's good to have confirmation anyway. Smiley

Dooglus - you do not suffer from "trust issues" here but thought I would confirm it for fun  Smiley

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April 11, 2015, 01:55:06 PM
 #2836

Clams has now been added to the CoinWallet.co online wallet service.

That's great news.

I'm wondering the same as BayAreaCoins:

What percentage of the staking reward do you give to your depositors?

Because each currency works off a single client wallet the system works the same as a personal wallet in terms of staking. This means staking rewards are assigned to initial transaction addresses and change addresses. So currently it is a bit of a lottery - but we do not withhold any percentage of the staking reward...

I have several ideas to improve this, so users always get 100% of their staked rewards. One way to do it is from the database, so any generated coins get split between all holders dependant on total percentage of mature coins they hold in the system at that point in time. The other is to move to a manual transaction system so change can always come back to the originating address and staking is assigned by address. Each method has its pros and cons. The first method would mean more of a staking 'pool' where all holders of X coin get a percentage of all staking rewards.

It's on the todo list.  Smiley
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April 11, 2015, 06:43:38 PM
 #2837

One way to do it is from the database, so any generated coins get split between all holders dependant on total percentage of mature coins they hold in the system at that point in time. The other is to move to a manual transaction system so change can always come back to the originating address and staking is assigned by address. Each method has its pros and cons. The first method would mean more of a staking 'pool' where all holders of X coin get a percentage of all staking rewards.

I think the "staking pool" way is the obvious way to go. It lowers variance for everyone. Instead of waiting 8-12 days to stake 1 CLAM, I stake 0.1 CLAMs per day and have a much more regular predictable income.

Just-Dice does a similar thing for its investors, but takes 10% of the rewards as a fee and so should be easy enough to compete with. Then again JD doesn't charge a (significant) fee for withdrawals.

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April 12, 2015, 05:11:58 PM
 #2838

New service:
http://bustaclam.com/

Remember you can try all CLAM services for free by using www.ClamcoinFaucets.com

GL


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April 12, 2015, 08:25:12 PM
 #2839

Bitcoin talk allows avatars again.

Is there a image of that works for Bitcointalk?


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April 13, 2015, 03:27:11 AM
 #2840

I think the "staking pool" way is the obvious way to go. It lowers variance for everyone. Instead of waiting 8-12 days to stake 1 CLAM, I stake 0.1 CLAMs per day and have a much more regular predictable income.

Working on it now, should be ready in a couple of days.  Smiley
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