Just-Dice.com : now with added CLAMs : Play or Invest

[andulolika]

Is it just me or is JD offline? Can't access the page.

it's down. maybe doog is coming out with JD 4 today....



j/k

Funny, i was trying to access it a bit earlier and it wasnt working, i blamed my internet connection and went back to work, lol.

[psy112]

Is it just me or is JD offline? Can't access the page.

it's down. maybe doog is coming out with JD 4 today....



j/k

Funny, i was trying to access it a bit earlier and it wasnt working, i blamed my internet connection and went back to work, lol.

BUSTED! You shouldn't gamble during work hours man ;P  

[Timetwister]

Are CLAMS being used anywhere else than on Just Dice?

What percentage of the total CLAM coins have been "redeemed"?

[andulolika]

Are CLAMS being used anywhere else than on Just Dice?

What percentage of the total CLAM coins have been "redeemed"?

Use /supply to check that info accurately, yes CLAM is used on a few sites more (not the proper thread to name them), also there is projects that will open in a future.

[Timetwister]

What's the optimal multiplier knowing 1% is the edge? 1%? I see the average multiplier is 19.68.

What does "bankroll profit" mean?

[andulolika]

What's the optimal multiplier knowing 1% is the edge? 1%? I see the average multiplier is 19.68.

What does "bankroll profit" mean?

I don't see the connection between multiplier and edge, if you use it as it's supposed to be you should declare accordingly to funds you have out of the site, otherwise the answers to most of your possible questions are in thenjust-dice FAQ, it's the tab at the end.

[Timetwister]

What's the optimal multiplier knowing 1% is the edge? 1%? I see the average multiplier is 19.68.

What does "bankroll profit" mean?

I don't see the connection between multiplier and edge, if you use it as it's supposed to be you should declare accordingly to funds you have out of the site, otherwise the answers to most of your possible questions are in thenjust-dice FAQ, it's the tab at the end.

When I do /supply, I get this:
15:03:51 INFO: 182,405 of 3,208,032 sets of 4.60545574 CLAM were dug up so far from the initial distribution
15:03:51 INFO: 840,058 CLAM were dug up and 964,989 CLAM were staked for a total of 1,805,047 CLAM
15:03:51 INFO: Just-Dice's onsite bankroll of 1,405,374 CLAM represents 77.86% of that amount
15:03:51 INFO: if all the distributed CLAMs were dug up, the total money supply would be 15,739,390 CLAM
15:03:51 INFO: the total bankroll of 27,660,158 CLAM is made up of 1,405,374 CLAM onsite and 26,254,784 CLAM offsite
15:03:51 INFO: the average multiplier (total / onsite) is 19.68x

If I'm not wrong, if 77.86% of the total CLAMS in existence are on Just Dice, then the maximum multiplier should be 1/0.7786 if people were using this functionality as "it should" be used (that's assuming 100% of the CLAMS were owned by investors, which obviously is false and therefore the multiplier should be even smaller). So someone is lying there (and making a profitable investment become an unprofitable one by not understand variance).

[andulolika]

What's the optimal multiplier knowing 1% is the edge? 1%? I see the average multiplier is 19.68.

What does "bankroll profit" mean?

I don't see the connection between multiplier and edge, if you use it as it's supposed to be you should declare accordingly to funds you have out of the site, otherwise the answers to most of your possible questions are in thenjust-dice FAQ, it's the tab at the end.

When I do /supply, I get this:
15:03:51 INFO: 182,405 of 3,208,032 sets of 4.60545574 CLAM were dug up so far from the initial distribution
15:03:51 INFO: 840,058 CLAM were dug up and 964,989 CLAM were staked for a total of 1,805,047 CLAM
15:03:51 INFO: Just-Dice's onsite bankroll of 1,405,374 CLAM represents 77.86% of that amount
15:03:51 INFO: if all the distributed CLAMs were dug up, the total money supply would be 15,739,390 CLAM
15:03:51 INFO: the total bankroll of 27,660,158 CLAM is made up of 1,405,374 CLAM onsite and 26,254,784 CLAM offsite
15:03:51 INFO: the average multiplier (total / onsite) is 19.68x

If I'm not wrong, if 77.86% of the total CLAMS in existence are on Just Dice, then the maximum multiplier should be 1/0.7786 if people were using this functionality as "it should" be used (that's assuming 100% of the CLAMS were owned by investors, which obviously is false and therefore the multiplier should be even smaller). So someone is lying there (and making a profitable investment become an unprofitable one by not understand variance).

Not sure if i used the wrong words or you are a troll cunt.

[dooglus]

What's the optimal multiplier knowing 1% is the edge? 1%? I see the average multiplier is 19.68.

What are you attempting to maximize with respect to the multiplier? Where do you see the average multiplier?

Edit: having now read your later post I see you are talking about the offsite-invest multiplier, not the gambling multiplier. The optimum would depend on the total value of all the assets you consider part of your bankroll, as well as less tangible things like how risk averse you are and how much you trust the site to play fair. Personally I use the maximum available multiplier, because less than 4% of my 'bankroll' is in the form of CLAMs, and so even using the maximum (25x) multiplier still risks less than 100% of my total bankroll.

What does "bankroll profit" mean?

Investors make profit in two ways:

1) from bankrolling the site - they profit when players lose, and lose when players win.
2) from having their coins staked

We refer to 1) as "bankroll profit" and 2) as "staking profit". The sum of the two is "invest profit". You'll see all three on your stats tab in real time.

[dooglus]

If I'm not wrong, if 77.86% of the total CLAMS in existence are on Just Dice, then the maximum multiplier should be 1/0.7786 if people were using this functionality as "it should" be used (that's assuming 100% of the CLAMS were owned by investors, which obviously is false and therefore the multiplier should be even smaller). So someone is lying there (and making a profitable investment become an unprofitable one by not understand variance).

You're not wrong that something around that percentage of all CLAMs are on Just-Dice.

But I don't understand why you think the maximum multiplier should be that low.

If I have $100 worth of CLAMs on the site, but have $900 worth of BTC in a cold wallet which I also consider part of my "bankroll", why wouldn't I set my multiplier to 10x? Then I get returns *as if* I had converted my $900 worth of BTC to CLAM and invested it without having to actually do that conversation.

If I do that, there is a risk that my $100 worth of CLAM on the site is wiped out by a lucky player, but that's a chance I am willing to take in exchange for an increased share of the site profits.

I can't answer your "someone is lying" comment unless you are more specific about who is lying, and how. But maybe the above example helps clarify things. The declared offsite amount doesn't need to actually exist in the form of CLAMs (or at all, in fact).

[yulluxy]

Played for a while today, was rewarded with a 100+ clam profit overall.

Thanks doog

[dooglus]

Played for a while today, was rewarded with a 100+ clam profit overall.

Thanks doog

Um - you're welcome?

How much did you wager overall to win 100 CLAMs? I was going to post a chart of your victory, but I've not been able to find the account number.

[BestWebCreator]

Hey dooglus!

I hope u remember me from the chat, but I was gone for a while after loosing almost 300 clams. I don't know, but it made me a better person, because I quitted gambling because of that loss. I have retursned to your site to talk to the community and help new people.

BTW, do u know how the clam staking formula, or there isn't any?

[MasterP4]

BTW, do u know how the clam staking formula, or there isn't any?

Since you are asking in the Just-dice thread I assume that you mean the staking formula for Just-Dice as a staking pool.

First to stake your clams at Just-Dice you need to invest your Clams in Just-Dice's bankroll, having your coins on play balance doesn't give stakes (in this case share of stakes), you receive stakes in proportion of the percentage that you provide to the Just-Dice bankroll.

Let's suppose that you have an amount of clams equivalent to 0.0001% of Just-Dice bankroll, every time that Just-Dice stake a block that is 1 clam per block you get 0.0001% of the amount staked. Also you get deducted 10% of your stake share as a Just-Dice fee, as far I know the fee is payed at the moment that you receive the stake (instantaneously ), I mean is not subject to be paid on withdrawal or after the end of commission circle.

Is good to clarified that since Just-Dice provide a feature that permit you to add leverage to your investment or declare offsite coins, the only balance that is counted as investement for staking purposes is the invested onsite you can find that on the stats tab, beside the chat tab.

 Note: I tried to get a proof of this with my balance and a calculator but didn't got the same results maybe I'm missing something or using the calculator wrong (like most of the time) so better wait to someone else with better maths to confirm if it is like i wrote it.

[andulolika]

BTW, do u know how the clam staking formula, or there isn't any?

Since you are asking in the Just-dice thread I assume that you mean the staking formula for Just-Dice as a staking pool.

First to stake your clams at Just-Dice you need to invest your Clams in Just-Dice's bankroll, having your coins on play balance doesn't give stakes (in this case share of stakes), you receive stakes in proportion of the percentage that you provide to the Just-Dice bankroll.

Let's suppose that you have an amount of clams equivalent to 0.0001% of Just-Dice bankroll, every time that Just-Dice stake a block that is 1 clam per block you get 0.0001% of the amount staked. Also you get deducted 10% of your stake share as a Just-Dice fee, as far I know the fee is payed at the moment that you receive the stake (instantaneously ), I mean is not subject to be paid on withdrawal or after the end of commission circle.

Is good to clarified that since Just-Dice provide a feature that permit you to add leverage to your investment or declare offsite coins, the only balance that is counted as investement for staking purposes is the invested onsite you can find that on the stats tab, beside the chat tab.

 Note: I tried to get a proof of this with my balance and a calculator but didn't got the same results maybe I'm missing something or using the calculator wrong (like most of the time) so better wait to someone else with better maths to confirm if it is like i wrote it.

I think that the commission is weekly.

[MasterP4]

BTW, do u know how the clam staking formula, or there isn't any?

....

Let's suppose that you have an amount of clams equivalent to 0.0001% of Just-Dice bankroll, every time that Just-Dice stake a block that is 1 clam per block you get 0.0001% of the amount staked. Also you get deducted 10% of your stake share as a Just-Dice fee, as far I know the fee is payed at the moment that you receive the stake (instantaneously ), I mean is not subject to be paid on withdrawal or after the end of commission circle.

....

I think that the commission is weekly.

I did some research on the FAQ and basically is the same as I explained, it confirms that "10% commission is charged on staking rewards before they are shared out rather than on divesting or at the end of the week." BestWebCreator you can find the full explanation in the Just-Dice FAQ tab in Question: STAKE: we just staked 1.0000 CLAM - What does this mean?

[BayAreaCoins]

BTW, do u know how the clam staking formula, or there isn't any?

....

Let's suppose that you have an amount of clams equivalent to 0.0001% of Just-Dice bankroll, every time that Just-Dice stake a block that is 1 clam per block you get 0.0001% of the amount staked. Also you get deducted 10% of your stake share as a Just-Dice fee, as far I know the fee is payed at the moment that you receive the stake (instantaneously ), I mean is not subject to be paid on withdrawal or after the end of commission circle.

....

I think that the commission is weekly.

I did some research on the FAQ and basically is the same as I explained, it confirms that "10% commission is charged on staking rewards before they are shared out rather than on divesting or at the end of the week." BestWebCreator you can find the full explanation in the Just-Dice FAQ tab in Question: STAKE: we just staked 1.0000 CLAM - What does this mean?

Staked Clamcoins get hit with the 10% right away.

[naniforitunes]

I´ve been trying to make a deposit in Just-Dice and i always get an error message on my blockchain wallet, something like "the bitcoin address is invalid" ... i´ve tried using different accounts in JD and it´s always the same

anyone know where might be the problem ??

[BayAreaCoins]

I´ve been trying to make a deposit in Just-Dice and i always get an error message on my blockchain wallet, something like "the bitcoin address is invalid" ... i´ve tried using different accounts in JD and it´s always the same

anyone know where might be the problem ??

Just-Dice doesn't use Bitcoin for deposit any more.

Something called CLAM.

This can be bought OTC, in Just-Dice troll box by !instant, Poloniex.com, Bittrex.com, Shapeshift.io and other places.

[dooglus]

Note: I tried to get a proof of this with my balance and a calculator but didn't got the same results maybe I'm missing something or using the calculator wrong (like most of the time) so better wait to someone else with better maths to confirm if it is like i wrote it.

You got all the details right:

1) stake rewards are split in proportion to onsite invested amount
2) rewards are accumulated and given out every 3 minutes
3) 10% is taken off the top of the staking rewards before they are given out, not at the end of the week

Here's how the calculation works. Divide your onsite amount by the total onsite amount, multiply by 0.9 and multiply by the stake amount. That will give you your share of the stake reward. For example: