[ANN] [PoW] [PoS] VEIL - Privacy without compromise - page 18.

shinratensei_

legendary

Activity: 3276

Merit: 1029

Leading Crypto Sports Betting & Casino Platform

Quote from: sonnykaran on June 14, 2019, 11:06:35 PM

sorry folks,

noob question. but what is the POs percentage on this coin?

looks solid.

thanks

Just visit staking whitepaper of veil and it has already contained that what you are looking for to answer your question https://veil-project.com/uploads/Veil_ANN_1.01.pdf
It has stated on WP.

It was also containing all of the emission from year to the year.

CinErik

member

Activity: 189

Merit: 86

Quote from: naska21 on June 16, 2019, 03:24:49 AM

Quote from: bogdan198 on June 15, 2019, 02:49:09 PM

who can say about the error: unknown new rules activated (bit version 2) and what to do?

I have the same, just ignore that message. I think that is due new version (1.0.3.0) of Veil wallet that was build in hurry due to the necessity to avoid some flaws found in zerocoin protocol.

Hi;

Same here. We all receive the same error message, which is not an obstacle to the functions of the wallet. And as reported, the vulnerability in the "zero coin" protocol has been found and has already been fixed. If there will still be zero coins in the new wallet, that error message will probably be eliminated.

Kind regards

naska21

hero member

Activity: 1358

Merit: 635

Quote from: bogdan198 on June 15, 2019, 02:49:09 PM

who can say about the error: unknown new rules activated (bit version 2) and what to do?

I have the same, just ignore that message. I think that is due new version (1.0.3.0) of Veil wallet that was build in hurry due to the necessity to avoid some flaws found in zerocoin protocol.

bogdan198

copper member

Activity: 337

Merit: 5

who can say about the error: unknown new rules activated (bit version 2) and what to do?

Wayan_Pedjeng

sr. member

Activity: 913

Merit: 252

Mobile staking wallets? There is no lite wallet or Android version available for Veil, so you may need to download the full wallet (10 to 15 GB). So I don't think that mobile staking is possible (at this point of time). But what makes mobile staking different from laptop staking? It can damage the smartphone, right? Or does it take less RAM usage?

quality.crypto

member

Activity: 854

Merit: 10

Quote from: Wayan_Pedjeng on June 13, 2019, 09:49:49 AM

Quote from: fafantu on June 11, 2019, 02:11:04 PM

Hello guys ! i have a question... Do i have to let my veil wallet open 24/7 for staking ?

Well.. this is a very basic question. If you want more rewards, then you need to let the wallet online for more time. If your wallet is staking only 12-hours a day, then you will get half the rewards when compared to another guy, who stakes 24-hours a day. I guess this rule is the same as almost all the PoW coins. I have tried my luck with PoW mining earlier also, with different coins.

Of course, most of the people will not able to love the wallet for 24 hours because it will surely damage the laptop and it our problem, so the team should also come up mobile staking wallets because we can easily stake through the mobile wallet for 24 hrs a day.

sonnykaran

newbie

Activity: 68

Merit: 0

sorry folks,

noob question. but what is the POs percentage on this coin?

looks solid.

thanks

DrearyUrbanite

sr. member

Activity: 756

Merit: 250

Quote from: CLywaTeLb on June 11, 2019, 08:21:54 AM

And here no one blames anyone. But POS does not solve one of the missions of cryptocurrency - decentralization.
As always, the rich are getting richer, and the poor, at best, remain with what is.

You cannot say this per se. The biggest problem with POS is often times the initial distribution. If the initial distribution is unknown, there is massive risk for centralized control. Or big money can get a majority stake over time, but that is to some degree the same with Bitcoin, with the difference being that maintaining a majority stake in Bitcoin is expensive.

Wayan_Pedjeng

sr. member

Activity: 913

Merit: 252

Quote from: fafantu on June 11, 2019, 02:11:04 PM

Hello guys ! i have a question... Do i have to let my veil wallet open 24/7 for staking ?

Well.. this is a very basic question. If you want more rewards, then you need to let the wallet online for more time. If your wallet is staking only 12-hours a day, then you will get half the rewards when compared to another guy, who stakes 24-hours a day. I guess this rule is same with almost all the PoW coins. I have tried my luck with PoW mining earlier also, with different coins.

superstarbtc

jr. member

Activity: 378

Merit: 3

Quote from: Lucasgabd on June 12, 2019, 01:02:59 PM

did anybody receive VEIL bounty payments for may?

Already in bounty telegram group, they mentioned there is some issue with the payment, very soon they are going o release the bounty once they recover the wallet issue. In the last message, they mentioned only within 2 days they will start distributing the bounties.

veilMaDOS

copper member

Activity: 135

Merit: 0

Quote from: Neurolicious on June 11, 2019, 03:45:07 PM

Got into Veil just today, aimed my mining rig to it. The project looks decent and I can't say much bad about the team either. Definitely keeping eyes open on this project. I haven't found any information about the staking itself thought. How much Veil do I need to get a daily stake reward?

Hey Neurolicious, thank you for the interest.

The average currently is around 16,000 veil for an average of a stake per day.

Quote from: Lucasgabd on June 12, 2019, 01:02:59 PM

did anybody receive VEIL bounty payments for may?

No one has received bounty rewards for May just yet, but payments will start as soon as wallet issues are resolved. Please stay tuned in the BountyCloud group for distribution updates.

Lucasgabd

legendary

Activity: 2506

Merit: 1113

There's no need to be upset

did anybody receive VEIL bounty payments for may?

VanDeinsberg12

hero member

Activity: 1540

Merit: 507

Quote from: fafantu on June 11, 2019, 02:11:04 PM

Hello guys ! i have a question... Do i have to let my veil wallet open 24/7 for staking ?

Yes, you do.
But it's much better for you to use a raspberryPi for staking if you can to minimize the electricity cost. VPS is also a good thing and you can use AWS, etc.

Just let your wallet opened for 24/7 and you will get your emission.

Neurolicious

full member

Activity: 309

Merit: 100

Got into Veil just today, aimed my mining rig to it. The project looks decent and I can't say much bad about the team either. Definitely keeping eyes open on this project. I haven't found any information about the staking itself thought. How much Veil do I need to get a daily stake reward?

fafantu

newbie

Activity: 8

Merit: 0

Hello guys ! i have a question... Do i have to let my veil wallet open 24/7 for staking ?

Wayan_Pedjeng

sr. member

Activity: 913

Merit: 252

Quote from: CLywaTeLb on June 11, 2019, 08:21:54 AM

And here no one blames anyone. But POS does not solve one of the missions of cryptocurrency - decentralization.
As always, the rich are getting richer, and the poor, at best, remain with what is.

I would agree with your statement, but not completely. The staking rewards needs to be reduced for Veil. Too many coins are being mined every month, and on top of the bounty rewards this influx of fresh coins is pulling the exchange rate down. I would say that somewhere around 4% or 5% of the total supply per year is a fair enough reward for PoS mining.

CLywaTeLb

full member

Activity: 770

Merit: 101

send and receive money instantly, no hidden costs

And here no one blames anyone. But POS does not solve one of the missions of cryptocurrency - decentralization.
As always, the rich are getting richer, and the poor, at best, remain with what is.

Btc_1856

sr. member

Activity: 1540

Merit: 255

Quote from: CLywaTeLb on June 05, 2019, 10:54:43 AM

Quote from: Wayan_Pedjeng on June 05, 2019, 08:09:52 AM

Quote from: studio1one on June 01, 2019, 11:16:32 PM

With the price going down at the moment we can expect the staking difficulty to rise even further up. Even with 6k Veils, it's getting harder to get a stake every 3-7 days.

Please excuse my ignorance. Is it possible to do PoS mining with just 6,000 Veil? I thought that for doing that you need to have a minimum of 10,000 Veil in your wallet. Anyway, the decrease in mining reward is good news for people like me. That means that the supply of coins is reduced and the exchange rates may rise due to the scarcity.

It seems, most likely the opposite. The decrease in mining reward is associated with an increase in complexity, the emission is the same.
In this case, you will get a reward less often, and large holders will receive a large part. They can sell rewards of the same volume, but already from a limited number of holders.

Not only in the Veil, but there are also many other companies who will make more coin through staking, people who have lower coins will get low coins. We shouldn't blame the investors and according to their investment that's how POS model will work for them.

Sellman

full member

Activity: 406

Merit: 112

More details on Trading competition on ProBit exchange. The end day of the competition is on 27th June 2019, and top ten traders will get rewards at 2142 VEIL in total. Those VEIL coins will be distributed to ten winners proportionally. Let's make deposits to Probit and join the competition. If you trade regularly and has high trading volume enough, you can be ranked in the top ten traders.
https://support.probit.com/hc/en-us/articles/360029025292-ProBit-Exchange-Lists-Veil-VEIL-6-428-VEIL-For-ProBit-Users

Quote

A trading competition will be held for VEIL/KRW, VEIL/USDT, VEIL/BTC trading pairs. A total of 2,142 VEIL will be distributed to the Top 10 users proportional to the volume of VEIL traded.

VeilDango

copper member

Activity: 212

Merit: 153

Veil is now listed on ProBit, a global cryptocurrency exchange with top performing matching engine, customizable UI, and security features such as FIDO U2F hardware key support.

Deposits begin June 11, 6 AM GMT and trading opens June 13, 6 AM GMT.

Trading pairs: VEIL/BTC, VEIL/KRW, and VEIL/USDT

ProBit will host a Veil trading contest from June 13 to June 27:
https://support.probit.com/hc/en-us/articles/360029025292-ProBit-Exchange-Lists-Veil-VEIL-6-428-VEIL-For-ProBit-Users

DISCLAIMER: Third-party services are not endorsed by the Veil team and are provided for informational purposes only.

Topic: [ANN] [PoW] [PoS] VEIL - Privacy without compromise - page 18. (Read 65534 times)