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

[jordixal]

Long Live the Great Clam.

Sometimes people complain that they've been staking for a long time and not got any stakes yet.

Since I made the new Just-Dice staking wallet I've been watching to see how it performs, staking wise.

I found there's huge variance. I made around 13000 outputs of size 100 CLAMs, and set them to split into 25 CLAM outputs when they stake.

Some outputs have staked incredibly well. This one staked 5 times in 8 days, despite only being worth 26 to 30 CLAMs for most of that time:

84d121      -> 100 CLAM   1044120 (2016-06-21 22:14:24)
cbdfb7  100 ->  26 CLAM   1045413 (2016-06-22 18:53:20)
a799ea   26 ->  27 CLAM   1050053 (2016-06-26 00:42:40)
c6709f   27 ->  28 CLAM   1050991 (2016-06-26 16:32:00)
00d648   28 ->  29 CLAM   1052089 (2016-06-27 11:02:40)
e58636   29 ->  30 CLAM   1054628 (2016-06-29 05:42:24)

Whereas none of the 146 inputs to 462d2e worth a total of 14600 CLAMs staked at all in 9 days. I sent them all back to the hot wallet to top it up after a few large withdrawals.

Hi dooglus, how did you made outputs of 100 CLAMS and also how did you split them once they stake? Is there any instructions to put in conf file or so?

[1714168131]

1714168131

[1714168131]

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[coinvault.io]

Hi clams community,
We'd like to add clams to https://www.coinvault.io

Is there any interest from the clams community in using coinvault.io?

[dooglus]

1. stake with 1300 Clams is about 1 clam a day

Just-Dice is staking 1.428 million CLAMs and stakes about 1310 per day.

That means that each 1090 CLAMs stakes 1 per day.

Almost all the CLAMs in existence are on Just-Dice.com, so I guess it's fair to say most of the utility of CLAM is that site.

I also stake in just -dice, but by my calculations(since 11th July),
 only each ~1170 clams stakes 1 per day (including bankroll profit).
~7% too high uncertainty ?

Oh, well Just-Dice takes a 10% fee from staking rewards. So each 1090 will get you 0.9 per day, and to get 1 per day you'll need 1090 / 0.9 ~= 1211

[dooglus]

Hi dooglus, how did you made outputs of 100 CLAMS and also how did you split them once they stake? Is there any instructions to put in conf file or so?

To make the outputs I did something like:

    $ clamd sendtoaddress <address-goes-here> '{"amount":100,"count":50}'

And to auto split on stake, I put this in my clam.conf:

    splitsize=25
    combinelimit=50

[dooglus]

Hi clams community,
We'd like to add clams to https://www.coinvault.io

Is there any interest from the clams community in using coinvault.io?

Is it a web wallet? Do you stake the coins on deposit? Do you share the stake rewards with the depositors? Do you take a fee?

[coinvault.io]

Hi clams community,
We'd like to add clams to https://www.coinvault.io

Is there any interest from the clams community in using coinvault.io?

Is it a web wallet? Do you stake the coins on deposit? Do you share the stake rewards with the depositors? Do you take a fee?

Hi,
Yes CoinVault is a hybrid web wallet, meaning we don't have access to private keys.
For that reason CoinVault can not stake coins (a staking client needs to sign the spent outputs).
Centralised staking is far less secure in that sense as private keys need to be owned (by the wallet) and in a pool with other users keys (unless you have a staking node per user), on top of that, one of the incentives for staking is to keep nodes running the network (right?).

However CoinVault supports BIP39 (mnmonic phrases) so users can easily export private keys from CoinVault (or to CoinVault) and have them staking on a their own client (or on a staking pool).

[zazarb]

1. stake with 1300 Clams is about 1 clam a day

Just-Dice is staking 1.428 million CLAMs and stakes about 1310 per day.

That means that each 1090 CLAMs stakes 1 per day.

Almost all the CLAMs in existence are on Just-Dice.com, so I guess it's fair to say most of the utility of CLAM is that site.

I also stake in just -dice, but by my calculations(since 11th July),
 only each ~1170 clams stakes 1 per day (including bankroll profit).
~7% too high uncertainty ?

Oh, well Just-Dice takes a 10% fee from staking rewards. So each 1090 will get you 0.9 per day, and to get 1 per day you'll need 1090 / 0.9 ~= 1211

it seems I was not noticed  this point :)I imagined that the fee is the same 1% as of the wagered amount.
good that jd make profits from my investment also, Glad to hear that it is of mutual benefit.

[jordixal]

Hi dooglus, how did you made outputs of 100 CLAMS and also how did you split them once they stake? Is there any instructions to put in conf file or so?

To make the outputs I did something like:

    $ clamd sendtoaddress <address-goes-here> '{"amount":100,"count":50}'

And to auto split on stake, I put this in my clam.conf:

    splitsize=25
    combinelimit=50

Thanks for yout reply, so in clam.conf splitsize line is for splitting clams when they stake in outputs of 25 each, and combinelimit is used for always having inputs between 25-50 clams in the wallet right?

Also 25/50 ratio is good enough to any clam holdings in a wallet?

[dooglus]

Thanks for yout reply, so in clam.conf splitsize line is for splitting clams when they stake in outputs of 25 each, and combinelimit is used for always having inputs between 25-50 clams in the wallet right?

Also 25/50 ratio is good enough to any clam holdings in a wallet?

When staking, if the output size is going to be more than twice 'splitsize' then it will add an output of size splitsize, and repeat. So if you have an output of size 100 which stakes (making 101) and splitsize=25, you will get 4 outputs (25, 25, 25, and 26).

If the output size isn't more than twice 'splitsize', it will look for other small outputs to combine with the one that is staking, aiming to make the output as big as it can, but no bigger than 'combinelimit'. So if you have a bunch of 10 CLAM outputs and one of them stakes and combinelimit=50, it will combine 4 of the 10's together and you'll end up with an output of size 41. (Combining 5 would be too much, giving 51). Since you're staking, you don't pay a transaction fee, so it's a good way of keeping the 'dust' outputs in your wallet under control without having to pay a fee to do so.

I like 25/50 because the JD staking wallet has so many CLAMs in it. Making the outputs any smaller means there are just too many of them. The client has to run through all the outputs every 16 seconds to check whether they can stake or not. If you don't have a lot of CLAMs you could safely use smaller numbers. Maybe 10 and 20.

The reason we split the outputs up is because when they stake they have to wait 500 blocks before they can start trying to stake again. I figured I was OK with 1% of the wallet's value sitting idle waiting to mature at any time. That means I want each output to take approximately 50k blocks to stake, so that the 500 blocks it takes to mature is 1% of its life. If 1100 CLAMs stake once per day (and we have 1440 blocks per day) then to stake every 50k blocks the output would need to be 1100 * 1440 / 50k = 31.68 CLAMs. So having them range from 25 to 50 is about in the right range.

Edit: here's an updated chart of the number of outputs of each size in the JD staking wallet:



The vast majority of the outputs are still 25 and 26 CLAMs, so we should be seeing less than 1% of the wallet sitting idle.

Right now, the balance is 1,454,986 of which 13,801 is idle - a little under 1%.

[jordixal]

Thanks for yout reply, so in clam.conf splitsize line is for splitting clams when they stake in outputs of 25 each, and combinelimit is used for always having inputs between 25-50 clams in the wallet right?

Also 25/50 ratio is good enough to any clam holdings in a wallet?

When staking, if the output size is going to be more than twice 'splitsize' then it will add an output of size splitsize, and repeat. So if you have an output of size 100 which stakes (making 101) and splitsize=25, you will get 4 outputs (25, 25, 25, and 26).

...............

Wow dooglus, amazing explanation. I'm gonna save this post and check it everytime I forget how clam staking works  Thank you

[dooglus]

Thanks for yout reply, so in clam.conf splitsize line is for splitting clams when they stake in outputs of 25 each, and combinelimit is used for always having inputs between 25-50 clams in the wallet right?

Also 25/50 ratio is good enough to any clam holdings in a wallet?

When staking, if the output size is going to be more than twice 'splitsize' then it will add an output of size splitsize, and repeat. So if you have an output of size 100 which stakes (making 101) and splitsize=25, you will get 4 outputs (25, 25, 25, and 26).

...............

Wow dooglus, amazing explanation. I'm gonna save this post and check it everytime I forget how clam staking works  Thank you

In that case I should get it right.

Change:

  if the output size is going to be more than twice 'splitsize'

to

  if the output size is going to be at least twice 'splitsize'

If you have a 99 that stakes, you will get 25,25,25,25 (not 25,25,50, which would be the result of how I previously explained it).

In unrelated news, the JD staking wallet just made its first 34 CLAM output (starting from 100 -> 25/26 -> 27 -> 28 -> ...)

[BayAreaCoins]

Any new news?

Headed back to $1 a coin. ()

Just-Dice.com currently has 77.73% of that amount.. down from the 78%'s.   I expect the magic number to be 80% for the next real boom.

[Johnny00]

Any new news?

Headed back to $1 a coin. ()

Just-Dice.com currently has 77.73% of that amount.. down from the 78%'s.   I expect the magic number to be 80% for the next real boom.

What do you mean next big boom. If just dice has 80% of the coin and it's only used for gambling what value is there in it?

[BayAreaCoins]

Any new news?

Headed back to $1 a coin. ()

Just-Dice.com currently has 77.73% of that amount.. down from the 78%'s.   I expect the magic number to be 80% for the next real boom.

What do you mean next big boom. If just dice has 80% of the coin and it's only used for gambling what value is there in it?

You either "get it" or you don't.

Gambling is a cornerstone of crypto.

It's just crazy when people think bitcoin has value when in fact there is no use for it. This value is too high.

If you don't believe me or don't get it, I don't have time to try to convince you, sorry.

[Johnny00]

Any new news?

Headed back to $1 a coin. ()

Just-Dice.com currently has 77.73% of that amount.. down from the 78%'s.   I expect the magic number to be 80% for the next real boom.

What do you mean next big boom. If just dice has 80% of the coin and it's only used for gambling what value is there in it?

You either "get it" or you don't.

Gambling is a cornerstone of crypto.

It's just crazy when people think bitcoin has value when in fact there is no use for it. This value is too high.

If you don't believe me or don't get it, I don't have time to try to convince you, sorry.

Cornerstone of crypto but there is no need for there to have such a change in price. If clam stays at 80 % at just dice then price will not increase.  Value will fluctuate like any currency. Crypto is not an investments it's just like trading forex. People think bitcoin will be $1 million which it never will be.

[tspacepilot]

It's just crazy when people think bitcoin has value when in fact there is no use for it. This value is too high.

It makes sense that if you have no use for it then the price is clearly to high for you.  But the way markets work is that you're not the only one around so ...

Anyway, it seems like if everyone felt like you then you'd be right.  However, this doesn't seem to be the case.

[samantadegrenet]

good stuff guys

[Johnny00]

Why? Does 'Just Dice' dump their daily staking earnings?
[/quote]

Not at all. I'm saying crytocurrency isn't an investment. There are too many pump and dump coins. Only a few will survive. As long as just dice stays strong then clamp will survive. Just don't expect clam to be worth $100. I'm a fan of a few coins but need to look past the hype and look what will be actually used.

[BayAreaCoins]

Will there be more features added to CLAM?

What are you going to build?

[BayAreaCoins]

Does 'Just Dice' dump their daily staking earnings?

I'm sure some do.

Just-Dice is made up of a bunch of different people from all over the world... some hodl, some dump, some gamble and the list goes on.