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

[istvandv]

Is it just my imagination, or are confirmations coming in really slowly today?

[im]https://i.imgur.com/91vc5JS.png[/img]

Heh, nice.  How many addresses to you have your coins split across?  Trying to find a more optimal distribution for my stash right now.

i see 420 up to j
and polo up to 8

my guess at least 18 coin piles
wish i had as much clams to split up
i had 6.6 clams that staked after 5 days!   

is it better to split your coins to many address?

if you have large amounts of clams... yes, its better to split them into multiple addresses

scenario 1:
1 address with 200 clams will stake almost immediately after 510 blocks or right after it matures
giving you interest of .1 - 1000 clams

scenario 2:
address 1 with 100 clams - gives you interest of .1 - 1000 clams after 510 confirms
address 2 with 100 clams - gives you interest of .1 - 1000 clams after 510 confirms

in scenario 2 you get .2 clams and two chances at the clam lottery

note: the clam wallet automatically splits/combines your clams depending on how long it has been since its last stake

[paulc010]

Hmmmm. Seems to me that anyone who got free clams own old, mature clams. The lottery now means that those lucky enough to have received free clams (and particularly those who got several piles) are the ones that are getting staking rewards frequently and who have a MUCH larger chance of winning a significant amount of CLAMS via the lottery...

Doesn't this, in effect, mean there's a huge barrier to entry into the CLAM lottery winners club? Probably not intended, but looking at screenshots on here I can't think of any other reason why those of us who bought their CLAMS are finding stake rewards so rare.

Happy to be corrected

[paulc010]

Is it just my imagination, or are confirmations coming in really slowly today?

Just worked mine out from last stake reward. 2mins/confirm on that.

[seedtrue]

Hmmmm. Seems to me that anyone who got free clams own old, mature clams. The lottery now means that those lucky enough to have received free clams (and particularly those who got several piles) are the ones that are getting staking rewards frequently and who have a MUCH larger chance of winning a significant amount of CLAMS via the lottery...

Doesn't this, in effect, mean there's a huge barrier to entry into the CLAM lottery winners club? Probably not intended, but looking at screenshots on here I can't think of any other reason why those of us who bought their CLAMS are finding stake rewards so rare.

Happy to be corrected

While I did receive multiple clams from different privkeys, all of my original clams were sent to the exchange for trading. I sent them all back to different addresses in my wallet once the trading slowed down. I do not have many that are more than a week old.

[paulc010]

Hmmmm. Seems to me that anyone who got free clams own old, mature clams. The lottery now means that those lucky enough to have received free clams (and particularly those who got several piles) are the ones that are getting staking rewards frequently and who have a MUCH larger chance of winning a significant amount of CLAMS via the lottery...

Doesn't this, in effect, mean there's a huge barrier to entry into the CLAM lottery winners club? Probably not intended, but looking at screenshots on here I can't think of any other reason why those of us who bought their CLAMS are finding stake rewards so rare.

Happy to be corrected

While I did receive multiple clams from different privkeys, all of my original clams were sent to the exchange for trading. I sent them all back to different addresses in my wallet once the trading slowed down. I do not have many that are more than a week old.

Well that's good to know A week old is likely right now to be significant compared to my clams that are only a couple of days old.

Now sitting back chillin' and staking my CLAMs

[istvandv]

Hmmmm. Seems to me that anyone who got free clams own old, mature clams. The lottery now means that those lucky enough to have received free clams (and particularly those who got several piles) are the ones that are getting staking rewards frequently and who have a MUCH larger chance of winning a significant amount of CLAMS via the lottery...

Doesn't this, in effect, mean there's a huge barrier to entry into the CLAM lottery winners club? Probably not intended, but looking at screenshots on here I can't think of any other reason why those of us who bought their CLAMS are finding stake rewards so rare.

Happy to be corrected

the free old clams have an advantage only on the first stake since it has an accumulated coin age

but after that first stake, the coin age resets and would be the same as those who bought their clams

[kbroadfoot]

I pointed 11mhz at the clam multipool for 48 hours

so far i have received 0.30 clams in total ,.. for 48 hours of 11 mhz?!?!?!?!??!?

seems an awfull waste of hash and electricity , was expecting a little more tbh ..

disappointed with pool although its premise seems a good idea..

Q

You will get more than one payment... even after you stop mining... it is an odd pool...

You are sort of 'spooling up'...

[Quantum12]

I pointed 11mhz at the clam multipool for 48 hours

so far i have received 0.30 clams in total ,.. for 48 hours of 11 mhz?!?!?!?!??!?

seems an awfull waste of hash and electricity , was expecting a little more tbh ..

disappointed with pool although its premise seems a good idea..

Q

You will get more than one payment... even after you stop mining... it is an odd pool...

You are sort of 'spooling up'...

thank for the reply guess i wait a little longer and see

Q

[ymod123]

Is it just my imagination, or are confirmations coming in really slowly today?

Just worked mine out from last stake reward. 2mins/confirm on that.

my confirmation is staking long too its been 5 hours now still not complete confirmed

[undergroundgeek]

The Network Weight is dropping like crazy I'm noticing.

[phzi]

Confirmations are slowing to a crawwwl....

[dooglus]

if the op goes rogue in a PoS pool (eg by disabling withdrawals) he retains a tremendous amount of PoS power, in perpetuity.

Good point.

if the op was able to modify the code the pool could choose to stake only when it's worth it. With such a large weight (balance) behind it there is a good chance the pool would win the majority of the lotto blocks, therefore, others have no choice but to join the pool

I don't see why.  If the pool has 40% of the weight, it should get 40% of the blocks, and so 40% of the lotto wins. It's linear.

If the pool modifies the code to withhold min-reward blocks, that gives pool members and advantage, but non-pool members can make the same modification and level the playing field without joining the pool.

I don't see the "no choice" argument.

If the pool gets 51% of the weight then they own the network, but that's the same with PoW pools as well.

[dooglus]

I was just now considering the 510 confirm aspect. There has to be some amount where the stack size is "too big" for optimal staking. Even if you get stakes repeatedly for having a large stack, you still have to wait 510 confirms between stakes, so too big could be bad.

I think that's exactly right.

You need to split your stacks up so that none of them is likely to stake within the first 510 blocks.

At minimum difficulty, and 3.5 minutes per block (like we're currently seeing) that means:

>>> 2**20 / (510 * 3.5 * 60)
9.79062558356676

a pile of 10 CLAMS expects to stake at around 510 blocks.

So keep your piles around half that size, or about 5 CLAMS each. By an amazing coincidence that's roughly how big everyone's piles started!

My math may well be wrong here - please check it for me...

[dooglus]

Hmmmm. Seems to me that anyone who got free clams own old, mature clams. The lottery now means that those lucky enough to have received free clams (and particularly those who got several piles) are the ones that are getting staking rewards frequently and who have a MUCH larger chance of winning a significant amount of CLAMS via the lottery...

True, but only once per output.

If you "dig" for clams now and find that you have one 4.6 pile, that 4.6 pile is around 3 months old and will have an expected time-to-stake of about 1 hour. Once it has staked, however, it is immature, just like any other recently staked coin.

It seems a little unfair to me that early adopters (before the lotto came into effect) "wasted" our mature initial distribution coin age getting tiny (0.0001) stakes and killing the age in the process. New adopters dig up mature coins and get a free lotto entry almost immediately.

[dooglus]

Is it just my imagination, or are confirmations coming in really slowly today?

I posted some stats about that here.

[dooglus]

The Network Weight is dropping like crazy I'm noticing.

I noticed that.

Last I checked we were averaging 1 block per 3.5 minutes.

We're stuck on the minimum difficulty.

I guess we need to reduce the minimum difficulty to allow more frequent staking with reduced network weight.

I wonder if the weight dropped because someone is withholding non-lotto blocks.

Maybe the lotto payout structure needs to be analysed to ensure that it isn't game-able.

Or maybe half the network weight went offline because it's held by a single player who has technical trouble.

[Hippie Tech]

Whats up with the client hanging on start up ?

I haven't been able to get it to work since the the BSODs caused by the cpu overclock.

[phzi]

Whats up with the client hanging on start up ?

I haven't been able to get it to work since the the BSODs caused by the cpu overclock.

Stop overclocking? Your overclock obviously isn't stable, and the client is unlikely to blame.

[Hippie Tech]

Whats up with the client hanging on start up ?

I haven't been able to get it to work since the the BSODs caused by the cpu overclock.

Stop overclocking? Your overclock obviously isn't stable, and the client is unlikely to blame.

Every other client works and I'm back to normal/ stable clocks.

I unzipped a fresh copy, tried the full install, deleted the blockchain, ran an error check.. ect..

[kbroadfoot]

http://khashier.com:2750/block/29ac715925a3e3643e6fd7ede472d93e7ce17a13584def97abddc3e9f311fe6a

571.24572027

Congratz