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Topic: [ANN] [PoW] [PoS] VEIL - Privacy without compromise - page 15. (Read 65534 times)

newbie
Activity: 1
Merit: 0
Hi everyone, I run veil wallet 1.0.3.1(win64) and send some veil to it, then I had 9990 zerocoin to stake like this:
https://s2.ax1x.com/2019/07/14/ZIlFLn.png
But I wait more than 6 hours, nothing happened, there is no reward coin...
Please help me!
newbie
Activity: 48
Merit: 0
its a nightmare to sell this coin. i cant even send it to an exchange because it requires it to be a stealth address. so now i need to go into the command screen of the wallet to send it to an exchange and even that is now becoming a problem. 1/5th of a bitcoin to stake with a chance to get 50 veil is a joke if you ask me .
hero member
Activity: 2520
Merit: 952
What are you guys doing for the blockchain size? I am asking this because the blockchain size is increasing really really fast and if it continues my laptop will soon be out of space lol.
after we move to Sonic we will add support for pruning and we have a couple options we are looking at for not needing to save the full chain prior to Sonic.

When can we expect this move to sonic and Pruning?

Unfortunately I had to stop staking cause it slowed my comp. down too much. An updated wallet would be nice in the near future


Updated wallet is must, current wallet has many problems, making many people drift away. Even for simple functions like making a transfer you have to convert coin to another, go to cli, find commands and what not. Veil is not even that old and blockchain size is huge.
hero member
Activity: 1596
Merit: 534
What are you guys doing for the blockchain size? I am asking this because the blockchain size is increasing really really fast and if it continues my laptop will soon be out of space lol.
after we move to Sonic we will add support for pruning and we have a couple options we are looking at for not needing to save the full chain prior to Sonic.

When can we expect this move to sonic and Pruning?

Unfortunately I had to stop staking cause it slowed my comp. down too much. An updated wallet would be nice in the near future
sr. member
Activity: 1955
Merit: 381
English<->Pt-BR - Professional Translations(90+)
This is correct. Generally the more you have staking the higher your odds of getting a staking reward. Right now the estimated amount to get an average 1 stake per day is around 16,000 zerocoin veil.
How much does it cost with 16,000 Zerocoin VEIL? At current price of VEIL, it equals to 0.21 BTC for 16,000 VEIL, and at the staking rate (50 VEIL received per day), it will take around 320 days to receive 16,000 VEIL back from staking. It still does not count for increase of difficulty over time.

Apart from the fact that the difficulty increases, let's say that 1 year to have the return on investment is not much time, it is even normal in many types of investments... The problem is the volatility of cryptocurrencies, the value that is paid today, maybe it is not the value received after...
jr. member
Activity: 50
Merit: 2
What are you guys doing for the blockchain size? I am asking this because the blockchain size is increasing really really fast and if it continues my laptop will soon be out of space lol.
after we move to Sonic we will add support for pruning and we have a couple options we are looking at for not needing to save the full chain prior to Sonic.
sr. member
Activity: 676
Merit: 250
What are you guys doing for the blockchain size? I am asking this because the blockchain size is increasing really really fast and if it continues my laptop will soon be out of space lol.

Good point, been wondering that too, but I think they plan some pruning function to make it smaller for the older part.
hero member
Activity: 1050
Merit: 501
What are you guys doing for the blockchain size? I am asking this because the blockchain size is increasing really really fast and if it continues my laptop will soon be out of space lol.
member
Activity: 325
Merit: 10
Yes, within a short period of time it is impossible to make a profit on the investment and every time we cannot make the same amount because once the development team is doing good then the community will start buying a huge amount of coins for staking.
It is a very complicated situation. When price of VEIL is low, more staking reward per day due to low difficulty. When price of VEIL moves higher, lower staking reward per day with the same amount of coins used for staking. Generally, it is always better to invest when coin has low price, and stake when difficulty is low, especially if you see good potential and believe in future of the coin.
full member
Activity: 1134
Merit: 103
This is correct. Generally the more you have staking the higher your odds of getting a staking reward. Right now the estimated amount to get an average 1 stake per day is around 16,000 zerocoin veil.
How much does it cost with 16,000 Zerocoin VEIL? At the current price of VEIL, it equals to 0.21 BTC for 16,000 VEIL, and at the staking rate (50 VEIL received per day), it will take around 320 days to receive 16,000 VEIL back from staking. It still does not count for the increase of difficulty over time.

Yes, within a short period of time it is impossible to make a profit on the investment and every time we cannot make the same amount because once the development team is doing good then the community will start buying a huge amount of coins for staking.
full member
Activity: 406
Merit: 112
This is correct. Generally the more you have staking the higher your odds of getting a staking reward. Right now the estimated amount to get an average 1 stake per day is around 16,000 zerocoin veil.
How much does it cost with 16,000 Zerocoin VEIL? At current price of VEIL, it equals to 0.21 BTC for 16,000 VEIL, and at the staking rate (50 VEIL received per day), it will take around 320 days to receive 16,000 VEIL back from staking. It still does not count for increase of difficulty over time.
copper member
Activity: 135
Merit: 0
In order to get 50 veil, they need to spend how many coins into the stacking because previously one of my friends send it is going to be more than 10,000 veil in order to get the 50 Veil per day?
You should know that staking is a game of luck. A luckily stakers with their coins used to stake on VEIL network, will fight block and get staking rewards. Basically, the more coins you allocate for each chunk to stake, the more power your chunk has, that in turn will help you have higher probability to fight against other stakers, and the more regularly you will get staking rewards.
This is correct. Generally the more you have staking the higher your odds of getting a staking reward. Right now the estimated amount to get an average 1 stake per day is around 16,000 zerocoin veil.
full member
Activity: 487
Merit: 100
In order to get 50 veil, they need to spend how many coins into the stacking because previously one of my friends send it is going to be more than 10,000 veil in order to get the 50 Veil per day?
You should know that staking is a game of luck. A luckily stakers with their coins used to stake on VEIL network, will fight block and get staking rewards. Basically, the more coins you allocate for each chunk to stake, the more power your chunk has, that in turn will help you have higher probability to fight against other stakers, and the more regularly you will get staking rewards.
member
Activity: 686
Merit: 10
You get 50 veil with each staking reward.

In order to get 50 veil, they need to spend how many coins into the stacking because previously one of my friends send it is going to be more than 10,000 veil in order to get the 50 Veil per day?
sr. member
Activity: 1216
Merit: 333
thank you
copper member
Activity: 135
Merit: 0
sr. member
Activity: 1216
Merit: 333
Can you tell me what is the current profitability of staking?
jr. member
Activity: 50
Merit: 2
Hi,

I am having extreme difficulty with wallet.    I am by no means new to wallets and crypto and have been mining for several years.  I have been having issues converting zerocoin to basecoin.   now it is a wallet issue.  I have had the wallet crash on one pc.   cannot seem to reinstall.  Other laptop failed loading blockchain at 95% twice, I had to uninstall and now reinstalling again.    Bigger picture,  If you want the masses to adopt your product and vision, it has to be more user friendly.   I cannot even imagine my lay friends trying to figure this out.   After all, this is what we need to strive for, to win or survive.  Everyone is struggling for market share in the end. 

just my 2 cents

I wish you luck

Sorry to hear about your problems. We are aware of current difficulties with the wallet and are hard at work with simplifying the UX. Once we have RingCT staking fully functional there wont be a need to mint anymore which will vastly improve things. And with Sonic we will include a brand new wallet built by ui/ux experts. In the meantime please join our discord where we have 24/7 support for problems with the wallet.
newbie
Activity: 2
Merit: 0
Hi,

I am having extreme difficulty with wallet.    I am by no means new to wallets and crypto and have been mining for several years.  I have been having issues converting zerocoin to basecoin.   now it is a wallet issue.  I have had the wallet crash on one pc.   cannot seem to reinstall.  Other laptop failed loading blockchain at 95% twice, I had to uninstall and now reinstalling again.    Bigger picture,  If you want the masses to adopt your product and vision, it has to be more user friendly.   I cannot even imagine my lay friends trying to figure this out.   After all, this is what we need to strive for, to win or survive.  Everyone is struggling for market share in the end. 

just my 2 cents

I wish you luck
copper member
Activity: 135
Merit: 0
I believe that is just the naming scheme used in our wallet binaries - it only goes as far as the third digit. As long as you download the files under the 1.0.3.1 release tag on GitHub then you should good to go. Smiley

You can also double check which version you are using in the wallet by going to Help > About Veil Core.
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