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

[smooth]

Sorry Dooglus, I misread your other chart. So if there hasn't been a big digger, the price seems stupidly low at the moment, I guess because people are moving their money into other stuff.

I will be getting back into CLAMS, I like the coin, I like the idea of the distribution and I trust JD, enough reasons for me.

The price is low probably because the coin has failed to break out of its small niche. It is used on basically one site (I know a few others support it but as far as I know that is not significant) which is mostly pointless for a supposedly decentralized system. There is no real reason for it to exist in its present form, and any initiatives to grow beyond that in terms of marketing or development are either nonexistent or invisible, so investors are just slowly giving up and walking away.

I still have my CLAM pool and anyone is welcome to join. I'm not saying there is anything wrong with the coin, but it very much looks like the typical dead end alt that slowly marches to zero.

[rocoro]

Or, it could become the defacto gambling coin if more mainstream sites start at least accepting it. 
In which case it is a buy right now.

[smooth]

Or, it could become the defacto gambling coin if more mainstream sites start at least accepting it. 

Yes.

In which case it is a buy right now.

What reason is there to think that will actually happen after say a year or so of it having been well established on JD and nothing of the sort happening?

[andulolika]

In which case it is a buy right now.

What reason is there to think that will actually happen after say a year or so of it having been well established on JD and nothing of the sort happening?

A decent bunch of "mainstream" sites accept clam and with the time surely more will accept.

[Johnny00]

my wallet said 19 hours to stake and that was 12 hours ago, not is says 16 hours to stake. is that normal?

should i have one big address or split up into small?

thanks

[smooth]

my wallet said 19 hours to stake and that was 12 hours ago, not is says 16 hours to stake. is that normal?

should i have one big address or split up into small?

thanks

The time is always an estimate. Actual results may be higher or lower.

You should split up, but it won't make staking any faster, what it will do is make it faster to stake again after the first time.

[Johnny00]

i turned on coin control but i cant see the coin control options, why is that?

[Johnny00]

i sent to my myself but i just see the fee taken out. i cant see the different addresses i chose

[Johnny00]

now went from 16 hours to 44 days lol

[Johnny00]

nevermind figured it out

[Johnny00]

what is a good size for an address, 50 clam, 100 clam or 500 clam?

[smooth]

what is a good size for an address, 50 clam, 100 clam or 500 clam?

15-30 seems to be the general recommendation.

It does not have to be different addresses, just different outputs. Every time you send coins you get a new output. You can send them all to the same address if you want, just break them up into multiple transactions. There is a command option for the in the CLI to do that for you, but I'm not sure about the GUI.

[fatbloke85]

what is a good size for an address, 50 clam, 100 clam or 500 clam?

15-30 seems to be the general recommendation.

It does not have to be different addresses, just different outputs. Every time you send coins you get a new output. You can send them all to the same address if you want, just break them up into multiple transactions. There is a command option for the in the CLI to do that for you, but I'm not sure about the GUI.

If you send coins from an address back to itself does that split your coins into multiple outputs? Can you do that or do you have to send coins from different addresses to a single address to get multiple outputs?

[smooth]

what is a good size for an address, 50 clam, 100 clam or 500 clam?

15-30 seems to be the general recommendation.

It does not have to be different addresses, just different outputs. Every time you send coins you get a new output. You can send them all to the same address if you want, just break them up into multiple transactions. There is a command option for the in the CLI to do that for you, but I'm not sure about the GUI.

If you send coins from an address back to itself does that split your coins into multiple outputs? Can you do that or do you have to send coins from different addresses to a single address to get multiple outputs?

The address doesn't matter. The only thing that matters is the amount paid from each transaction. If you use coin control you can see the individual outputs even if they have the same address.

Another thing you can do is set the this option in your clam.conf file:

splitsize=15

Then the wallet will automatically split your outputs down to 15 when it stakes. That's all you need to do.

[SuperClam]

what is a good size for an address, 50 clam, 100 clam or 500 clam?

15-30 seems to be the general recommendation.
It does not have to be different addresses, just different outputs. Every time you send coins you get a new output. You can send them all to the same address if you want, just break them up into multiple transactions. There is a command option for the in the CLI to do that for you, but I'm not sure about the GUI.

If you send coins from an address back to itself does that split your coins into multiple outputs? Can you do that or do you have to send coins from different addresses to a single address to get multiple outputs?

The address doesn't matter. The only thing that matters is the amount paid from each transaction. If you use coin control you can see the individual outputs even if they have the same address.
Another thing you can do is set the this option in your clam.conf file:
splitsize=15
Then the wallet will automatically split your outputs down to 15 when it stakes. That's all you need to do.

 
smooth,
you rock. 

[Johnny00]

Thanks. I've been staking for 24 hours and nothing. I thought it was every 8 hours

[tspacepilot]

Thanks. I've been staking for 24 hours and nothing. I thought it was every 8 hours

I think the stake rewards happen every minute (on the average).  I could be wrong.

[dooglus]

Thanks. I've been staking for 24 hours and nothing. I thought it was every 8 hours

I think the stake rewards happen every minute (on the average).  I could be wrong.

Yes, the network targets one block per minute. Though block timestamps are always multiples of 16 seconds (since some date in 1970 or something) and so cannot be exactly one minute apart from each other).

The only significance of 8 hours I can think of is that it's roughly the amount of time it takes for a block to mature after being staked. The staking output cannot be spent until it has 500 confirmations, and at 1 confirmation per minute that's a little over 8 hours.

Having said all that, staking is random. If you have 1000 CLAMs you can expect to stake about once per day on average at the moment. If you have more or less, change that estimate proportionally. The client uses the current network difficulty to estimate the expected time until staking. The network difficulty wanders up and down each day and so the estimate reported in the client wanders down and up as the difficulty adjusts. Like with Bitcoin mining, you never make "progress" towards staking a block. Every 16 seconds you either get to stake or you don't. Eventually you'll get to stake if you keep trying.

[zazarb]

Thanks. I've been staking for 24 hours and nothing. I thought it was every 8 hours

I think the stake rewards happen every minute (on the average).  I could be wrong.

Yes, the network targets one block per minute. Though block timestamps are always multiples of 16 seconds (since some date in 1970 or something) and so cannot be exactly one minute apart from each other).

The only significance of 8 hours I can think of is that it's roughly the amount of time it takes for a block to mature after being staked. The staking output cannot be spent until it has 500 confirmations, and at 1 confirmation per minute that's a little over 8 hours.

Having said all that, staking is random. If you have 1000 CLAMs you can expect to stake about once per day on average at the moment. If you have more or less, change that estimate proportionally. The client uses the current network difficulty to estimate the expected time until staking. The network difficulty wanders up and down each day and so the estimate reported in the client wanders down and up as the difficulty adjusts. Like with Bitcoin mining, you never make "progress" towards staking a block. Every 16 seconds you either get to stake or you don't. Eventually you'll get to stake if you keep trying.

damn.. whats wrong with my wallet ~140clam  already 23 day age
 and still not get reward..my patience is running out

[rocoro]

damn.. whats wrong with my wallet ~140clam  already 23 day age
 and still not get reward..my patience is running out

Again age doesn't matter,  you need more clams if you want to get a reward faster.