[ANN][CLAM] CLAMs, Proof-Of-Chain, Proof-Of-Working-Stake, a.k.a. "Clamcoin" - page 273.

SebastianJu

legendary

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Quote from: seedtrue on October 22, 2015, 10:04:05 AM

Quote from: SebastianJu on October 22, 2015, 09:57:06 AM

Can someone explain what happened to the clamsprice? I thought the price crashed a bit when dental dumped part of his won clams. But that wasn't all that happened, right?

People are still worried(rightfully so) about the guy digging tons of clams. AFAIK he is only 30-40% done with digging his massive amount of btc addresses. Not sure though if anything else is in play.

It would be smart for that person or corporation to step out, provide a signed message as proof, and claim that he is the one digging.

That surely would help preventing the clam price to drop. I mean the dropping price means his wealth goes down all the time.

P-Funk

sr. member

Activity: 360

Merit: 250

Token

Pattern: xJDCLAMZ
Address: xJDCLAMZBRAhGZognJfhqa5YpAobQGNTXT
PrivkeyPart: LgZo4jYamBKkqBhYvQkMKHgPnJ5br21s6vTQP9vcgrrijndTjsTS

chilly2k

legendary

Activity: 1007

Merit: 1000

Quote from: seedtrue on October 22, 2015, 10:04:05 AM

Quote from: SebastianJu on October 22, 2015, 09:57:06 AM

Can someone explain what happened to the clamsprice? I thought the price crashed a bit when dental dumped part of his won clams. But that wasn't all that happened, right?

People are still worried(rightfully so) about the guy digging tons of clams. AFAIK he is only 30-40% done with digging his massive amount of btc addresses. Not sure though if anything else is in play.

   I'll throw out my theory (opinion).

Assumptions: Digger does not follow the JD-Chat nor Bitcointalk. ( If he did I think he would find an easier way to dispose of his clams).

Price with the digger was holding steady between .0045 - .0055 He wasn't dumping them lower.

  So Dental wins 40K on JD. People panic, worried that he is going to dump them all on Poloniex. He did dump 4-6K from an earlier win. People start dumping

and the chicken-little syndrome kicks in (sky is falling). I believe the digger also noticed the price falling and added to the chaos. The price dropped to around .002 before people calmed down.

  Now most of the clams were scooped up by traders and are still on Poloniex. As reg investors start to buy back in and move clams off the exchange the price is starting to recover.. We'll probably see the .0045 - .0055 range again in the not to distant future.

seedtrue

legendary

Activity: 963

Merit: 1002

And another Wink

Address: xJDCLAMZrrnxgLfXvN2Qe4J6cK9Gp3uuHk
PrivkeyPart: LopoGdZTuu8P65Mzw9FUPujtEb23vChUXka8XzrdeB7GgbnLzmma

dooglus

legendary

Activity: 2940

Merit: 1333

Quote from: seedtrue on October 22, 2015, 09:20:09 AM

PrivkeyPart: LotHXdVV165XsNVtr9yV2gJEV3qwZbi59UUQtAMmtkkUGcHcY21b

08:35:56 INFO: sent 3.125 CLAM to (598917)

Quote from: seedtrue on October 22, 2015, 10:22:21 AM

Quote from: TooDumbForBitcoin on October 22, 2015, 10:14:43 AM

Quote from: seedtrue on October 22, 2015, 10:01:09 AM

$0.10/kw/h

kilowatt-hour = kWh

Thanks for the correction.

*bows head in shame*

($0.10/kW)/h is just as valid as $0.10/(kWh), if less conventional, in the same way as (0.1/2)/3 is the same as 0.1/(2*3).

So don't be too ashamed...

seedtrue

legendary

Activity: 963

Merit: 1002

Address: xJDCLAMZ1fHokJhMVTGRySSVPzCR3Kv3TH
PrivkeyPart: LjcxPmJXYxUXNnmRa5ZtXhYTMgXPF73d9JpuHUsuZieXJWCFXhGK

seedtrue

legendary

Activity: 963

Merit: 1002

Quote from: TooDumbForBitcoin on October 22, 2015, 10:14:43 AM

Quote from: seedtrue on October 22, 2015, 10:01:09 AM

Quote

I just woke up...But I will try to come up with a rough estimate of when it becomes unprofitable in a little while.

So each of my GPUs use about 300 watts of electric, so at $0.10/kw/h that is about $0.77/day. I only have a small sample size of how many keys they can find per day, but lets assume 3 keys per gpu per day. That would make anything under 0.33/clam per key unprofitable.....But, running my GPUs allow me to turn down the heat in my house if I am in same room as them, so I would need to subtract the amount saved from gas heat from that number. Not entirely sure how much gas I save from this.

kilowatt-hour = kWh

Thanks for the correction.

*bows head in shame*

TooDumbForBitcoin

legendary

Activity: 1638

Merit: 1001

Quote from: seedtrue on October 22, 2015, 10:01:09 AM

Quote

I just woke up...But I will try to come up with a rough estimate of when it becomes unprofitable in a little while.

So each of my GPUs use about 300 watts of electric, so at $0.10/kw/h that is about $0.77/day. I only have a small sample size of how many keys they can find per day, but lets assume 3 keys per gpu per day. That would make anything under 0.33/clam per key unprofitable.....But, running my GPUs allow me to turn down the heat in my house if I am in same room as them, so I would need to subtract the amount saved from gas heat from that number. Not entirely sure how much gas I save from this.

kilowatt-hour = kWh

seedtrue

legendary

Activity: 963

Merit: 1002

Quote from: SebastianJu on October 22, 2015, 09:57:06 AM

Can someone explain what happened to the clamsprice? I thought the price crashed a bit when dental dumped part of his won clams. But that wasn't all that happened, right?

People are still worried(rightfully so) about the guy digging tons of clams. AFAIK he is only 30-40% done with digging his massive amount of btc addresses. Not sure though if anything else is in play.

seedtrue

legendary

Activity: 963

Merit: 1002

Quote

I just woke up...But I will try to come up with a rough estimate of when it becomes unprofitable in a little while.

So each of my GPUs use about 300 watts of electric, so at $0.10/kw/h that is about $0.77/day. I only have a small sample size of how many keys they can find per day, but lets assume 3 keys per gpu per day. That would make anything under 0.33/clam per key unprofitable.....But, running my GPUs allow me to turn down the heat in my house if I am in same room as them, so I would need to subtract the amount saved from gas heat from that number. Not entirely sure how much gas I save from this.

SebastianJu

legendary

Activity: 2674

Merit: 1083

Legendary Escrow Service - Tip Jar in Profile

Can someone explain what happened to the clamsprice? I thought the price crashed a bit when dental dumped part of his won clams. But that wasn't all that happened, right?

seedtrue

legendary

Activity: 963

Merit: 1002

Quote

Any more? At what point does the ever-halving reward become too low to cover the cost of running the search?

Address: xJDCLAMZWMSZsBd8GLXH2nTS67xZDCvD5T
PrivkeyPart: LotHXdVV165XsNVtr9yV2gJEV3qwZbi59UUQtAMmtkkUGcHcY21b

I just woke up...But I will try to come up with a rough estimate of when it becomes unprofitable in a little while.

tspacepilot

legendary

Activity: 1456

Merit: 1081

I may write code in exchange for bitcoins.

Quote from: shorena on October 22, 2015, 01:14:52 AM

Quote from: P-Funk on October 22, 2015, 01:04:30 AM

-pumping out keys like its nothing-

Mind if I ask which and how many GPUs do you use?

P-Funk, did you see Shorena's question? I'm curious too.

kolloh

legendary

Activity: 1736

Merit: 1023

Bummer, I missed the announcement of the clam finding contest Sad

dooglus

legendary

Activity: 2940

Merit: 1333

Quote from: P-Funk on October 22, 2015, 05:56:24 AM

PrivkeyPart: LmJh4LN9E83XRnMTfiGjDz8Z6Y9xw1huAvkSk7UGB5CzJyJdShE3

04:01:26 INFO: sent 6.25 CLAM to

P-Funk

sr. member

Activity: 360

Merit: 250

Token

Address: xJDCLAMZreM6ZzJJ28kh5uYnT7ToCPGywr
PrivkeyPart: LmJh4LN9E83XRnMTfiGjDz8Z6Y9xw1huAvkSk7UGB5CzJyJdShE3

dooglus

legendary

Activity: 2940

Merit: 1333

Quote from: seedtrue on October 21, 2015, 07:49:13 PM

PrivkeyPart: Lny2cZTVVwBgZua86Fwfj5YhHZaUhbCRcpFMYHrwfrsZaaufTJhT

23:42:33 INFO: sent 25 CLAM to (598917)

Quote from: P-Funk on October 22, 2015, 01:04:30 AM

PrivkeyPart: LpNxRG6qB2CVn5hN2UcZKiuDn5uU8F5EEp7FsbvSSnnfQn9hQmTm

23:43:46 INFO: sent 12.5 CLAM to

Any more? At what point does the ever-halving reward become too low to cover the cost of running the search?

shorena

copper member

Activity: 1498

Merit: 1528

No I dont escrow anymore.

Quote from: P-Funk on October 22, 2015, 01:04:30 AM

-pumping out keys like its nothing-

Mind if I ask which and how many GPUs do you use?

P-Funk

sr. member

Activity: 360

Merit: 250

Token

Pattern: xJDCLAMZ
Address: xJDCLAMZPRxN7YHfRQmyq7rho8EBSYkDFQ
PrivkeyPart: LpNxRG6qB2CVn5hN2UcZKiuDn5uU8F5EEp7FsbvSSnnfQn9hQmTm

romjpn

full member

Activity: 193

Merit: 100

Quote from: Noolz39 on October 21, 2015, 08:08:04 AM

What s normal price of CLAM coin?

There is no "normal" price but I think pretty much everyone agrees that 1 CLAM = 1~1.5$ does not make anyone unhappy.
If the community stay active until the digger have finished taking the money (which could take months ?), and considering that the price is pretty resilient despite some massive bad news, we should go back to 1~1.5$.

Topic: [ANN][CLAM] CLAMs, Proof-Of-Chain, Proof-Of-Working-Stake, a.k.a. "Clamcoin" - page 273. (Read 1151252 times)