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Author Topic: [ANN][CLAM] CLAMs, Proof-Of-Chain, Proof-Of-Working-Stake, a.k.a. "Clamcoin"  (Read 961809 times)
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yampi
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July 23, 2014, 11:13:02 PM
 #701

x11 and other algos needed on kHashier.
I could help forge the clam shell much better if I were able to mine DRK or other x11 coins.
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July 23, 2014, 11:13:52 PM
 #702

x11 and other algos needed on kHashier.
I could help forge the clam shell much better if I were able to mine DRK or other x11 coins.
Yup...
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July 24, 2014, 12:25:09 AM
 #703

x11 and other algos needed on kHashier.
I could help forge the clam shell much better if I were able to mine DRK or other x11 coins.
x11 and other algos needed on kHashier.
I could help forge the clam shell much better if I were able to mine DRK or other x11 coins.
Yup...

If you guys are serious about mining; I can bump it up on the list of TODO's.
Take a look at it tonight.

Been trying to delegate and divide up time as efficiently as possible... given the lack of interest in the Multi-Pool, adding an additional algorithm to dilute hash was not a priority (though still planned).

https://bitcointalk.org/index.php?topic=623147
Proof-Of-Chain, 100% Distributed BEFORE Launch.
Everyone who owned BTC, LTC, or DOGE at launch got free CLAMS.
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July 24, 2014, 01:32:19 AM
 #704

x11 and other algos needed on kHashier.
I could help forge the clam shell much better if I were able to mine DRK or other x11 coins.
x11 and other algos needed on kHashier.
I could help forge the clam shell much better if I were able to mine DRK or other x11 coins.
Yup...

If you guys are serious about mining; I can bump it up on the list of TODO's.
Take a look at it tonight.

Been trying to delegate and divide up time as efficiently as possible... given the lack of interest in the Multi-Pool, adding an additional algorithm to dilute hash was not a priority (though still planned).

Scypt and Scrypt-N is fine... there are tons of ASICs floating around.

But KHashier is a Black Box....
It's impossible to determine ROI even approximately...
So after a few days miners move on to more standard pools.

You've had > 150 miners... and maybe 10% of them stick around.

Provide more stats like # of total clams/day or week projected...
Or the exact formula for determining your Percentage Payout.
 
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July 24, 2014, 03:15:13 AM
 #705

x11 and other algos needed on kHashier.
I could help forge the clam shell much better if I were able to mine DRK or other x11 coins.
x11 and other algos needed on kHashier.
I could help forge the clam shell much better if I were able to mine DRK or other x11 coins.
Yup...

If you guys are serious about mining; I can bump it up on the list of TODO's.
Take a look at it tonight.

Been trying to delegate and divide up time as efficiently as possible... given the lack of interest in the Multi-Pool, adding an additional algorithm to dilute hash was not a priority (though still planned).
Speculative GPU miners I think are a lot more common then speculative scrypt miners. 
And nscrypt profitability has dropped a lot lately, it's just not worth mining compared to X11 or X13.

I mined for a bit with nscrypt when it was worthwhile, but am waiting to point my rigs at khashier until we have some new algos.  And I think you'll see there are others in the same boat as me.

Also, as someone else said, people really like stats.  More stats would probably help the multi-pool more then anything.
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July 24, 2014, 03:52:06 AM
 #706

Scypt and Scrypt-N is fine... there are tons of ASICs floating around.
But KHashier is a Black Box....
It's impossible to determine ROI even approximately...
So after a few days miners move on to more standard pools.
You've had > 150 miners... and maybe 10% of them stick around.
Provide more stats like # of total clams/day or week projected...
Or the exact formula for determining your Percentage Payout.

Projections are almost impossible - as it entirely depends on how much time and thus "percentage" a miner has accrued v. time and "percentage" of other miners.  i.e. Week #1 != Week #2.  Add to that calculations of present price * current hash....

The formula Itself is extremely simple.

percentage = (# of shares * share difficulty * algo-profitability multiplier) / combined total of all other miners

I find it hilarious that there are some very small time miners with small hash rates that have done a great deal of mining at kHashier.com and they consistently get great payouts (proportionally) quite possibly due to simply not knowing enough to be skeptical.  They are having some of the best mining of their career, and quite likely aren't even aware of it Grin

Always up for ideas, of coarse.

https://bitcointalk.org/index.php?topic=623147
Proof-Of-Chain, 100% Distributed BEFORE Launch.
Everyone who owned BTC, LTC, or DOGE at launch got free CLAMS.
dE_logics
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July 24, 2014, 04:16:14 AM
 #707

This may migrate this attack a little, but still this's magnitudes insecure than PoW.


 
 
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phzi
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July 24, 2014, 04:50:12 AM
 #708

This may migrate this attack a little, but still this's magnitudes insecure than PoW.
That post is pretty poorly written, by someone that seems to have an insufficient understanding of coinage.

It can also be argued that attacking a PoS coin is much more costly then a PoW coin, because (for example) it has been shown that only ~$600 would be needed to attack Dogecoin with their shitty hashrate, whereas to attack a coin like CLAM, you must be a significant stakeholder in CLAMs, are you would be destroying your own investment.  So; the security of a PoS coin goes UP with value increase, whereas PoW security is linked only to network hashrate.

Since I'm not a developer nor a hacker I cant modify wallets to do such an attack, but here's the concept, which may not be right, but crackers may try.
Kinda says it all - "I'm not a programmer, I don't understand this, I might be wrong, but let me now talk like I am an expert...."
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July 24, 2014, 06:35:48 AM
 #709

Been awhile since we had a huge lotto block...
A few small ones...  but no biggies...

Also glad the big lotto winners didn't go and just dump the coins too...


phzi
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July 24, 2014, 07:01:32 AM
 #710

Been awhile since we had a huge lotto block...
A few small ones...  but no biggies...
Next one is mine! *evil laugh*

Also glad the big lotto winners didn't go and just dump the coins too...
Now why would someone do that, when they can turn around and stake their winnings for more winnings?!
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July 24, 2014, 07:31:42 AM
 #711

Been awhile since we had a huge lotto block...
A few small ones...  but no biggies...
Next one is mine! *evil laugh*
Also glad the big lotto winners didn't go and just dump the coins too...
Now why would someone do that, when they can turn around and stake their winnings for more winnings?!

That is very true.

There is no time like the present to be Proof-Of-Pearl staking and accruing CLAMS.
The difficulty is likely to go up; and if it does the staking will only get more difficult.

https://bitcointalk.org/index.php?topic=623147
Proof-Of-Chain, 100% Distributed BEFORE Launch.
Everyone who owned BTC, LTC, or DOGE at launch got free CLAMS.
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July 24, 2014, 12:46:09 PM
 #712

I pointed about 20-25 mh/s of my scrypt hash at the pool. I will let it run a day or so and see my stats.

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July 24, 2014, 01:17:38 PM
 #713

I pointed about 20-25 mh/s of my scrypt hash at the pool. I will let it run a day or so and see my stats.



A couple of days won't really show you the true return though to be fair. I was talking in irc on this subject as the pool is a little tricky to get your head around. I have one address that I only hashed to for 1 day and am still getting payouts for (a week later). The address I've been regularly hashing to has been accumulating share and getting increasing payments over time. You don't have to go crazy - just set an amount of hashing and leave it for a week or so. I've even increased the amount on occasion just to give the pool (and, of course, my share) a bit of a boost.

The key is in the "algo-profitability multiplier" part of the equation, and time. It isn't like clevermining et al. where you get paid for X hash contribution on day Y at that day's profit. It's clever. Like everything CLAM Wink
phzi
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July 24, 2014, 05:15:40 PM
 #714

I pointed about 20-25 mh/s of my scrypt hash at the pool. I will let it run a day or so and see my stats.
I'd say give it at least a week, and then keep in mind that you will continue to receive very very slowly diminishing payouts into eternity.  

I mined for a few days, and I'm still getting payouts over a month later.  Adding up the total income to date, it was probably the most profitable couple of days mining I've ever had (save maybe during the first doge boom with MiddleCoin).
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July 24, 2014, 09:08:13 PM
 #715

I pointed about 20-25 mh/s of my scrypt hash at the pool. I will let it run a day or so and see my stats.
I'd say give it at least a week, and then keep in mind that you will continue to receive very very slowly diminishing payouts into eternity.  

I mined for a few days, and I'm still getting payouts over a month later.  Adding up the total income to date, it was probably the most profitable couple of days mining I've ever had (save maybe during the first doge boom with MiddleCoin).
adding a little more hash for the next few hours. I had some rentals that are not making much profit, so I may as well point them at clam.
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July 25, 2014, 01:21:28 AM
 #716

Just got another lotto block  Tongue . Unfortunately, it was only 0.10000001(the smallest lotto block you can get).
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July 25, 2014, 03:04:00 AM
 #717

Clams Advertisement Idea:

Clams are worth about 1 dollar each.
Each time your Clams stake it is worth 10 cents... that is unless you get a lotto block!

A lotto block is worth up to 1000 Clams! ( The record so far is over 500 Clams! )

THAT IS A COOL GRAND!

What do you need? Well, you need some Clams! And guess what? You probably already have some.

If you own Bitcoin, Litecoin, or Dogecoin you OWN CLAMS!

Get a Clam wallet and start staking.... easy to do and just sit back and wait for YOUR Lotto block!

Good luck!




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July 25, 2014, 08:42:55 AM
 #718

I pointed about 20-25 mh/s of my scrypt hash at the pool. I will let it run a day or so and see my stats.
A couple of days won't really show you the true return though to be fair. I was talking in irc on this subject as the pool is a little tricky to get your head around. I have one address that I only hashed to for 1 day and am still getting payouts for (a week later). The address I've been regularly hashing to has been accumulating share and getting increasing payments over time. You don't have to go crazy - just set an amount of hashing and leave it for a week or so. I've even increased the amount on occasion just to give the pool (and, of course, my share) a bit of a boost.
The key is in the "algo-profitability multiplier" part of the equation, and time. It isn't like clevermining et al. where you get paid for X hash contribution on day Y at that day's profit. It's clever. Like everything CLAM Wink

I think all of that is pretty accurate. 
And, it is indeed a bit hard for most miners to understand. 
The concept itself, I think is a bit easier to understand.

We keep track of how much a miner contributes to the profitability of the pool over the long term.
We do not "get rid of" or "delete" shares. 
We accrue them, relative to their difficulty and the profitability of the algorithm at the time.

The only way to lose that percentage, is for other miners to 'dilute' it by continuing to mine after you have stopped.

In practice, it is somewhat similar to p2pool; except the time-frame is not bounded.



Just got another lotto block  Tongue . Unfortunately, it was only 0.10000001(the smallest lotto block you can get).

Hey, you never know. More Clams == More Blocks, over time. That 0.1 might contribute in finding the next big lotto block Grin

https://bitcointalk.org/index.php?topic=623147
Proof-Of-Chain, 100% Distributed BEFORE Launch.
Everyone who owned BTC, LTC, or DOGE at launch got free CLAMS.
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July 25, 2014, 09:59:13 AM
 #719

Hey, you never know. More Clams == More Blocks, over time. That 0.1 might contribute in finding the next big lotto block Grin

Everyone has surely heard of the "Butterfly effect".... well this is termed the CLAM effect Wink


In danger of going all Zen in this thread though.... "What's the sound of one CLAM clacking in a wallet?" Cheesy
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July 25, 2014, 05:27:58 PM
 #720

Hey, you never know. More Clams == More Blocks, over time. That 0.1 might contribute in finding the next big lotto block Grin

Everyone has surely heard of the "Butterfly effect".... well this is termed the CLAM effect Wink


In danger of going all Zen in this thread though.... "What's the sound of one CLAM clacking in a wallet?" Cheesy

Clams clack?

verb
1.
make or cause to make a sharp sound or series of such sounds as a result of a hard object striking another.
"he heard the sound of her heels clacking across flagstones"

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