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

[flipboxx]

Srsly, you didn't compile a mac wallet for 2 months now?!

[phzi]

I have ~.13 CLAM in an address with 8 inputs.  The most recent input has ~1000 confirmations.

Can anyone explain to me why these aren't staking?  Mainly curious.  Are the TXOUTs too small to stake for some reason?

[Chronikka]

I have ~.13 CLAM in an address with 8 inputs.  The most recent input has ~1000 confirmations.

Can anyone explain to me why these aren't staking?  Mainly curious.  Are the TXOUTs too small to stake for some reason?

There is a minimum balance for staking on some coins, I don't know about Clams.

But is your wallet encrypted? Staking won't occur if it has a password.

[charles33200]

Srsly, you didn't compile a mac wallet for 2 months now?!

You can find an unofficial mac wallet, compiled from github sources for my own use, here

I hope we'll have an official wallet soon, but for now, i compile the wallet at each update...

[SuperClam]

Holy ~490 CLAM LOTTERY BatCLAM!

Winner Winner CLAMicken Dinner!
http://khashier.com:2750/block/a94dab49b53159ea235135ec10f0326d5082fe5fddf1e0d19f5b3f9738b37e97

Posted it out on Twitter:
https://twitter.com/ClamClient/status/488805146671841281

Congrats!
If it was you please step forward!

[maccd123]

How often do you give out payouts from Kasher.com?

[SuperClam]

How often do you give out payouts from Kasher.com?

When it is wise to do so.
We are trying our best to minimize withdrawal fees and such as much as possible.
In addition, with low volume, we are dripping out the buys as to not push the market and buy above current price.

Thus far, it has been ~once a day.
This won't be the same for every miner - if you have a small percentage then coins granted at each stage will accrue to your balance.
Once your balance is above the threshold, you will be included in the next payment send.
Most miners seem to get above the threshold every day.

So the process is essentially:
CLAMS come into the pool wallet.
CLAMS are attributed to miners based on Pearl Payout Weight.
Miner accounts are checked for being above payout threshold.
Payments are sent to those miners.

[dooglus]

Congrats!
If it was you please step forward!

It wasn't me, but that transaction does illustrate the issue I was predicting with the client.

http://khashier.com:2750/tx/3c933caf091a67682230c18ace20607bd661c588ac535cc5f41d3f94de7cb589 took a single output of 4.61204448 (A) and split it into 2.3 (B) and 2.31215399 (C).

http://khashier.com:2750/tx/bde573d3c43a83238b1cd2440cf602e2f1dc32e03692af68964810f4ce2decf2#i0 took the 2.3 (B) and staked it up to 2.30013689 (D)

then http://khashier.com:2750/tx/e08ef5025e0bb4ea7190d4a29d83ad1bb2efac587ba9bd339e1e3348b4bf1692#i0 took the 2.31215399 (C) and 2.30013689 (D) and recombined them (and added on the lottery win of 491.21086388) into (L).

It seems wasteful for the client to automatically split large outputs, then recombine them. It's going to keep doing that over and over.

(A)-----> (B)-----> (D)-----> (L)
     \                    /
      `-> (C)------------'

[SuperClam]

Congrats!
If it was you please step forward!

It wasn't me, but that transaction does illustrate the issue I was predicting with the client.
http://khashier.com:2750/tx/3c933caf091a67682230c18ace20607bd661c588ac535cc5f41d3f94de7cb589 took a single output of 4.61204448 (A) and split it into 2.3 (B) and 2.31215399 (C).
http://khashier.com:2750/tx/bde573d3c43a83238b1cd2440cf602e2f1dc32e03692af68964810f4ce2decf2#i0 took the 2.3 (B) and staked it up to 2.30013689 (D)
then http://khashier.com:2750/tx/e08ef5025e0bb4ea7190d4a29d83ad1bb2efac587ba9bd339e1e3348b4bf1692#i0 took the 2.31215399 (C) and 2.30013689 (D) and recombined them (and added on the lottery win of 491.21086388) into (L).
It seems wasteful for the client to automatically split large outputs, then recombine them. It's going to keep doing that over and over.
(A)-----> (B)-----> (D)-----> (L)
     \                    /
      `-> (C)------------'

Indeed.
You likely already know this dooglus, but for other less researched folks:

There are two things at play:
1.) If an output stakes twice too quickly, it is better for the network if there are two opportunities to stake, ensuring all blocks are accounted for and staked in a timely manner.
2.) If a pubKey controls more than one output, it makes sense to combine those two outputs when staking (under the conventional 'interest earned' model).

There are definitely a few tweaks that need to be made to the staking system.
The lottery system makes the re-combination system somewhat senseless.

I welcome anyone who has a good grasp to crawl the code.
Ideally, we want outputs to combine only if the time to staking was extraordinarily high, and outputs to split only when they stake almost immediately after maturing (signalling that these outputs were ready to stake previously but held back by maturity).

We intend to work on this ourselves, but the more the merrier

[SuperClam]

Woohoo!

Another Lottery Winner!

~26+ CLAMS!
http://khashier.com:2750/block/ccf399c57815c04ae8942770408947648d6627e8374b887dbeb87956678ce75a

[kbroadfoot]

Woohoo!

Another Lottery Winner!

~26+ CLAMS!
http://khashier.com:2750/block/ccf399c57815c04ae8942770408947648d6627e8374b887dbeb87956678ce75a

Starting to get jealous... I can't make a fried clam Po-Boy Sandwich with only 0.1 CLAMS!

[istvandv]

join us in IRC #clams

http://webchat.freenode.net/?channels=clams
or
https://kiwiirc.com/client/irc.freenode.net/#clams

[SuperClam]

Woohoo!

Another Lottery Winner!

~26+ CLAMS!
http://khashier.com:2750/block/ccf399c57815c04ae8942770408947648d6627e8374b887dbeb87956678ce75a

Starting to get jealous... I can't make a fried clam Po-Boy Sandwich with only 0.1 CLAMS!

Only takes one decent block though, and you would have plenty to stake with
But honestly, 0.1 is quite a small pile - if you were in it for the long haul, it might be worth it to grab some from market and stake them.
That is something that you would have to gauge on your own of coarse, though.

The odd thing is, with staking as it is now; it is a competitive PoS.
Ergo, competing for stake is very similar to competing in Proof-Of-Work for blocks with a miner.
It is an investment in a "miner" to stake lottery blocks, as the block has a definite non-interest based reward.

Interestingly, at the moment, even a small pile staking reasonably often, the ROI figures look amazing

[FreeTrade]

Another coin with a similar method of distribution to CLAM launched recently - there are free distributions for Dogecoin, Bitcoin and several other coin holders too.

It's called LottoShares, and users can immediately use their funds to play the lottery!

More details here -

https://bitcointalk.org/index.php?topic=694341.0

[krach]

What does
"Cannot open wallet dump file (code -8)"
mean when trying to importwallet multibit.key ?

How long does it take the multipool to payout?

HAIL CLAMS

[maccd123]

I have green arrow on my wallet(staking)  but stakinginfo says its not staking.. Whats going on?

[djnocide]

Anybody else had problems syncing? my wallet is stuck 1600 blocks behing even after i uninstalled and reinstalled it doesn't sync. Someone can help me out on this one? 

[istvandv]

Anybody else had problems syncing? my wallet is stuck 1600 blocks behing even after i uninstalled and reinstalled it doesn't sync. Someone can help me out on this one? 

current block is 35643
1600 blocks behind ~34000

there was mandatory wallet update for block 34000

i think you need to update wallet

[djnocide]

Anybody else had problems syncing? my wallet is stuck 1600 blocks behing even after i uninstalled and reinstalled it doesn't sync. Someone can help me out on this one?  

current block is 35643
1600 blocks behind ~34000

there was mandatory wallet update for block 34000

i think you need to update wallet

Oh ok thanks.

It worked, thanks for the answer

[dooglus]

Woohoo!

Another Lottery Winner!

~26+ CLAMS!
http://khashier.com:2750/block/ccf399c57815c04ae8942770408947648d6627e8374b887dbeb87956678ce75a

That was me!