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

[whywefight]

okay did the thing with the bootstrap file, not it goes faster. up to 16 weeks behind from my last post till now. sweet

[freedomno1]

Kept on personal observation
Just-Dice effect haha

[boumalo]

The site reads : -Proof-Of-Stake reward is designed to replace coins lost, unclaimed or inaccessible over time. The block reward of 1 CLAM means that 526,000 new CLAMs are created each year. The annual rate of return varies in relation to the current active money supply. Accordingly, the present annual rate of return is 234%, and the daily return is 0.64%-

How the new coins are given and who get them?

If I have coins on just-dice (not invested) do I get a reward? I think dooglus said no, it will be given to investors
If I have coins on an exchange, do I get CLAM for the block reward?

If I have 1000CLAM and there are 1,000,000CLAM do I get 0.001CLAM each block or do I have 1/1000 chance of getting one each block?
If it is the former when are the CLAM delivered to my wallet?

EDIT :

Sorry for being a noob but it seems to me some addresses I used were not empty: may you please check if I'm correct?


here are just some of them:
17hGb6CfGqXp9FpCXtrcR2Y16dX3UmBVFk
1AFizN1hhGtfG2eAdxVXW8xGodcJhHHaCv
12wU1fGk3CAbhtQRvrB1Xeb11TeHCyCBFp

All 3 addresses have CLAMS according to just-dice.com /dig ADRESS
You can get the CLAM easily on just-dice, look at the FAQ, don't forget to empty the addresses before, just to be safe.

[whywefight]

okay, wallet up to date but if i try to import a wallet i get an error saying:

CDB : Error 2, can't open database (code -1)

had this before but can't remember how i solved it

[ranlo]

The site reads : -Proof-Of-Stake reward is designed to replace coins lost, unclaimed or inaccessible over time. The block reward of 1 CLAM means that 526,000 new CLAMs are created each year. The annual rate of return varies in relation to the current active money supply. Accordingly, the present annual rate of return is 234%, and the daily return is 0.64%-

How the new coins are given and who get them?

If I have coins on just-dice (not invested) do I get a reward? I think dooglus said no, it will be given to investors
If I have coins on an exchange, do I get CLAM for the block reward?

If I have 1000CLAM and there are 1,000,000CLAM do I get 0.001CLAM each block or do I have 1/1000 chance of getting one each block?
If it is the former when are the CLAM delivered to my wallet?

EDIT :

Sorry for being a noob but it seems to me some addresses I used were not empty: may you please check if I'm correct?


here are just some of them:
17hGb6CfGqXp9FpCXtrcR2Y16dX3UmBVFk
1AFizN1hhGtfG2eAdxVXW8xGodcJhHHaCv
12wU1fGk3CAbhtQRvrB1Xeb11TeHCyCBFp

All 3 addresses have CLAMS according to just-dice.com /dig ADRESS
You can get the CLAM easily on just-dice, look at the FAQ, don't forget to empty the addresses before, just to be safe.

PoS is based on when you stake a block. To give an easy example:

Let's say you have 100 coins. APR is 365% (interest rate).
You will get about 1 coin per day. This doesn't mean that you get it every day, but let's say that it took a week to stake a block. Your reward would be 7. If it took you 60 days, the reward would be 60.

The theory is that this works out to give the proper interest rate -- you just never know when it's going to hit. So you could also stake a block in half a day and get a 0.5 reward.

What's important to understand here, though, is that the earlier you stake, the more you earn due to compounding. Using the above example:

In half a year, you stake a block. You have 150 that are now staking interest.
In a day you stake a block. You now have 151 that are staking interest.

[xploited]

How to import the wallet.dat if its encrypted ?

Like you would an non encrypted wallet.  The import dialogue will ask you for the password but your clam wallet needs to be either unlocked, or have no encryption.

[goozman96]

If I have clams associated with a Coinbase address, there's no way to obtain it, since Coinbase controls the private keys, right?

[snarlpill]

Just came here after seeing the "new" Just-Dice. Not sure what to think about it yet, will have to read more but have to post here to remind myself. Will also be checking price changes.

If I have clams associated with a Coinbase address, there's no way to obtain it, since Coinbase controls the private keys, right?

The first thing I thought of when I read about their "fair" distribution- I wonder how many exchanges are holding with each account unique deposit addresses and whatnot...    Unless somebody thought of that and could go around it, but that would have to be extensive research.

[BayAreaCoins]

Just came here after seeing the "new" Just-Dice. Not sure what to think about it yet, will have to read more but have to post here to remind myself. Will also be checking price changes.

If I have clams associated with a Coinbase address, there's no way to obtain it, since Coinbase controls the private keys, right?

The first thing I thought of when I read about their "fair" distribution- I wonder how many exchanges are holding with each account unique deposit addresses and whatnot...    Unless somebody thought of that and could go around it, but that would have to be extensive research.

Everyone knows all the exchanges are owned by miners.

This just skips all the bullshit and pays them off to start with.

It is up to them how they use the payoff.

Time will tell.

[ranlo]

Just came here after seeing the "new" Just-Dice. Not sure what to think about it yet, will have to read more but have to post here to remind myself. Will also be checking price changes.

If I have clams associated with a Coinbase address, there's no way to obtain it, since Coinbase controls the private keys, right?

The first thing I thought of when I read about their "fair" distribution- I wonder how many exchanges are holding with each account unique deposit addresses and whatnot...    Unless somebody thought of that and could go around it, but that would have to be extensive research.

I have the same issue. I was mostly using Coinbase back then, and had many active addresses. Dont think there's any real way to handle ownership though. Wouldnt it be messed up if Coinbase claimed all the coins in our accounts...

[snarlpill]

^ I'm assuming that's exactly what will happen. With smaller exchanges already most likely, don't think Coinbase would mess with it unless it started getting pretty big. If there's not a list of all addresses that received it, there definitely wouldn't even be a chance of proving it.

[chilly2k]

The site reads : -Proof-Of-Stake reward is designed to replace coins lost, unclaimed or inaccessible over time. The block reward of 1 CLAM means that 526,000 new CLAMs are created each year. The annual rate of return varies in relation to the current active money supply. Accordingly, the present annual rate of return is 234%, and the daily return is 0.64%-

How the new coins are given and who get them?

If I have coins on just-dice (not invested) do I get a reward? I think dooglus said no, it will be given to investors
If I have coins on an exchange, do I get CLAM for the block reward?

If I have 1000CLAM and there are 1,000,000CLAM do I get 0.001CLAM each block or do I have 1/1000 chance of getting one each block?
If it is the former when are the CLAM delivered to my wallet?

EDIT :

Sorry for being a noob but it seems to me some addresses I used were not empty: may you please check if I'm correct?


here are just some of them:
17hGb6CfGqXp9FpCXtrcR2Y16dX3UmBVFk
1AFizN1hhGtfG2eAdxVXW8xGodcJhHHaCv
12wU1fGk3CAbhtQRvrB1Xeb11TeHCyCBFp

All 3 addresses have CLAMS according to just-dice.com /dig ADRESS
You can get the CLAM easily on just-dice, look at the FAQ, don't forget to empty the addresses before, just to be safe.

PoS is based on when you stake a block. To give an easy example:

Let's say you have 100 coins. APR is 365% (interest rate).
You will get about 1 coin per day. This doesn't mean that you get it every day, but let's say that it took a week to stake a block. Your reward would be 7. If it took you 60 days, the reward would be 60.

The theory is that this works out to give the proper interest rate -- you just never know when it's going to hit. So you could also stake a block in half a day and get a 0.5 reward.

What's important to understand here, though, is that the earlier you stake, the more you earn due to compounding. Using the above example:

In half a year, you stake a block. You have 150 that are now staking interest.
In a day you stake a block. You now have 151 that are staking interest.

Just to clear up any inaccuracy's.  

Let's say you have 100 coins. APR is 365% (interest rate).
You will get about 1 coin per day. This doesn't mean that you get it every day, but let's say that it took a week to stake a block. Your reward would be 7. If it took you 60 days, the reward would be 60

   Your descriptions is true for normal interest based POS coins.  Clams are different.  Stakes are always 1 clam per block(plus any transaction fees for the block).  Staking is based on the combined total of all coins in the wallet.  Not just the coins in each staking pile.  

   So for the example of 100 coins.  You should stake approximately once per day.  but you might stake 2 times or you might not stake at all.  If it takes you 10 days to stake you still will only get 1 clam.   Nothing is compounding.  The new clams, once matured will add to your over all stake weight.   The reason people talk about using coin control and dividing up the clams into smaller piles has to do with coins maturing.  Once you stake the coins have to mature for 510 confirms or 4 hours which ever is longer.  If you divide your coins you only have a small pile maturing and the rest can continue to stake.    

[almightyruler]

Re: problems with forks

I've just noticed that the latest version of the client seems to have stopped logging getblocks requests. The last log entry was just before I upgraded.

But my client is apparently still being banged by older clients who repeatedly request the same blocks. I can see it by dumping traffic on the network interface.

My outbound is currently clogged with traffic on port 31174.

Is this the "fix" for older clients harassing those on a newer fork, simply hiding getblocks requests from the logs? It actually makes it harder to block the rogue clients.

At this rate I'm going to have to become a leaf node, and just make an outbound connect to a couple of known/trusted nodes.

[dooglus]

Ok it is a lot of unclaimed coins. How many coins have been claimed on just-dice so far dooglus?

I made the decision not to log anything about coin claiming. It involves people providing their private key, so I just sign and broadcast the raw transaction and forget about it.

So I don't know.

[freedomno1]

Hard to tell but the max would be to divide the number of coins invested by 4.60545574
Gives a ball park of how many times people claimed in general less the coins bought
So 104,207 invested atm / 4.605... = 22,626 times into 4.6 coins if they where dug

Would ballpark that if we wait a few days for additional investments the average growth rate could approximate how many were dug

[Arsenay]

hi

getstakinginfo
{
"enabled" : true,
"staking" : true,
"errors" : "",
"currentblocksize" : 1000,
"currentblocktx" : 0,
"pooledtx" : 0,
"difficulty" : 14545.87307716,
"search-interval" : 16,
"weight" : 1362818523,
"netstakeweight" : 16411270586470,
"expectedtime" : 503547889
}

how to understand the value  expectedtime ?
practical interpretation if the probabilistic method of awards  

[dooglus]

hi

getstakinginfo
{
"enabled" : true,
"staking" : true,
"errors" : "",
"currentblocksize" : 1000,
"currentblocktx" : 0,
"pooledtx" : 0,
"difficulty" : 14545.87307716,
"search-interval" : 16,
"weight" : 1362818523,
"netstakeweight" : 16411270586470,
"expectedtime" : 503547889
}

how to understand the value  expectedtime ?
practical interpretation if the probabilistic method of awards  

It's completely inaccurate, and should be ignored.

The next release will be much better, showing the expected time to stake, in seconds:

getstakinginfo
{
    "enabled" : true,
    "staking" : true,
    "errors" : "",
    "currentblocksize" : 1000,
    "currentblocktx" : 0,
    "pooledtx" : 0,
    "difficulty" : 13131.32468898,
    "search-interval" : 16,
    "weight" : 97299.77344952,
    "netstakeweight" : 159338.44894440,
    "expectedtime" : 101
}

[Arsenay]

It's completely inaccurate, and should be ignored.

The next release will be much better, showing the expected time to stake, in seconds:

hm

it is version  from git
./getinfo
{
"version" : "v1.4.2.1-356-g9bbcc9f-dirty",
"protocolversion" : 60014,
"walletversion" : 60000,
...
}

[superresistant]

 
Can I still redeem Clams from my BTC wallet or it's over ?

What the hell is the "-salvagewallet" for ? Can't we just import private keys directly ?

Can we have a clear process in the OP instead of having to ask 100 times ?

EDIT :

I just downloaded and synced clam wallet then imported bitcoin wallet.dat file. Then did the same for litecoin and dogecoin wallet.dat files.
Balance is still zero clams.
Is there any other step I have to do or simply those addresses were empty on May 2014 (can't remember for sure)?

There are no more steps.
Pick an address, and look at https://blockchain.info/charts/balance?format=csv&address=ADDRESS to verify the balance on 12th May 2014.

Thanks a lot for this.

[BayAreaCoins]

Can I still redeem Clams from my BTC wallet or it's over ?

Yes!

Clams do not expire on your BTC, LTC or DOGE address. They will be there for ever if you don't go pick them up! (Like kids at day care!!!)