Post
Topic
Board Announcements (Altcoins)
Re: [ANN][CLAM] CLAMs, Proof-Of-Chain, Proof-Of-Working-Stake, a.k.a. "Clamcoin"
by
dooglus
on 12/09/2015, 16:09:38 UTC
Someone pls address my question, can I keep all of my CLAM in one block? Should I break it to smaller blocks?
Also, where do you see how long it takes for CLAM to stake? In other words, how long until CLAM reaches maturity?

Common understanding at the moment is that a user might be more efficient to split their outputs up.
The reasoning is that when a block is staked, only a single output goes immature - with the remaining outputs continuing to attempt to stake.

It depends how many CLAMs you have, and what kind of a percentage loss you're willing to take while your CLAMs mature after staking. I generally aim to have 1% of my outputs maturing at any point in time, so I only lose 1% of potential earnings. Since it takes 8 hours for an output to mature that means I need to size my outputs such that their expected time-to-stake is 800 hours. 800 hours is 800 * 60 = 48k minutes, and the network aims to stake once per minute. The network weight is currently around 700k, so I need each output to be 700k/48k = 14.58 CLAMs in order to only lose 1% of potential profit.

Smaller than 14 CLAMs per output will result in a smaller percentage loss, bigger than 15 CLAMs will result in a bigger percentage loss, but 14.5 seems like a good size for now.

CLAMs take 510 blocks to mature, but also outputs can't stake until 4 hours after the last time they were involved in a transaction.

The expected time to stake is roughly (network weight) / (output value) minutes.

For an output of 14.5 CLAMs, that's 700k/14.5 = 48275 minutes = 804.59 hours.

Note the network weight shown by the client is only an estimate. It's impossible to know how many CLAMs are actually trying to stake right now - we can only guess based on how many are actually staking and the current difficulty.



Hi, just downloaded the wallet and waiting for synchronization, but how big is the wallet gonna be? It`s on my laptop and i have a limited hard-disk space on it.
Thanks!

I don't have an exact number handy but, I expect the chain is still less than 2 gigs in size.

The wallet itself is pretty small unless you do a lot of transactions, or import a lot of private keys.

The things that do take up space are:

1) blk0001.dat (the raw blocks). It's currently 650 MB.
2) txleveldb (the block database). It's currently 370 MB.
3) debug.log (the logfile). It grows over time. Mine is 1.4 GB. But you can delete it whenever you like.

So the blockchain uses up just over 1 GB right now.