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Author Topic: [ANN][CLAM] CLAMs, Proof-Of-Chain, Proof-Of-Working-Stake, a.k.a. "Clamcoin"  (Read 966849 times)
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istvandv
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July 20, 2014, 01:13:03 PM
 #641

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 Wink

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

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July 20, 2014, 04:37:41 PM
 #642

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'...


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July 20, 2014, 04:43:21 PM
 #643

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 Smiley guess i wait a little longer and see Smiley

Q
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July 20, 2014, 05:10:56 PM
 #644

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
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July 20, 2014, 05:45:59 PM
 #645

The Network Weight is dropping like crazy I'm noticing.
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July 20, 2014, 06:05:43 PM
 #646

Confirmations are slowing to a crawwwl....

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July 20, 2014, 07:37:03 PM
 #647

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.

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July 20, 2014, 07:45:19 PM
 #648

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...

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dooglus
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July 20, 2014, 07:50:07 PM
 #649

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.

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dooglus
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July 20, 2014, 07:51:08 PM
 #650

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

I posted some stats about that here.

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dooglus
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July 20, 2014, 07:54:43 PM
 #651

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.

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July 21, 2014, 12:08:09 AM
 #652

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.

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July 21, 2014, 12:21:00 AM
 #653

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.
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July 21, 2014, 12:33:07 AM
 #654

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..

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July 21, 2014, 12:43:51 AM
 #655

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

571.24572027

Congratz

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July 21, 2014, 02:53:56 AM
 #656

Someone is dumping all their clams. Sad
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July 21, 2014, 03:18:17 AM
 #657

Someone is dumping all their clams. Sad
There's some sell activity, but it's hardly a large dump.  Only 215 CLAM volume for the last 24 hours...

A fair number of people bought in around or below .0018, so it makes sense we're seeing some orders filled back down to those levels.

Overall the market looks pretty solid, considering the low volume.
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July 21, 2014, 07:45:42 AM
 #658

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

I posted some stats about that here.

Right after posting that I went out for the day and left my laptop staking. But I forgot to plug it in, so it quickly went to sleep and stopped staking. So I guess things were slower still for a while.

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July 21, 2014, 09:10:50 AM
 #659

CLAMs represent one of the extremely rare times that I'm happy people are selling for BTC without care.

Thanks for the cheap CLAMs!  Quite happy to be stocking up and improving my chances at hitting those lotto blocks!

I've broken my pile up into 32 equal stacks now - quite interested to see how staking goes over the next few days.



It is going to be big for CLAMs when Poloniex releases their CLAMs to account holders, I think.  We'll see dumpers that only care about fractions of BTC, sure, but a coin so widely distributed and in the hands of so many crypto-invested individuals is bound to create some significant interest and curiosity.  Hopefully we will have an improved wallet out by then (with a few hard-fork changes that will really help the CLAM network).
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July 21, 2014, 09:24:27 AM
 #660

Am having a chuckle a the person on Poloniex who seems to have panic sold his free 0.1 CLAMs @ 0.00166502 this morning.

There are some people you just can't help Cheesy
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