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Topic: [ANN] [PoW] [PoS] VEIL - Privacy without compromise - page 19. (Read 65534 times)
My laptop is quite old and I may need to discard it sometime soon. So mining 2-3 hours a day, just for fun isn't going to cause any harm, I guess. Hiring VPS is a good option. But with just 100 coins, the mining reward is going to be much lower than $5 per month. I am trying to increase the size of my holdings. Once that is done, I'll consider getting a VPS service.
Even your laptop is old, I don't think you should use it to try staking. Because such old devices are less-efficient operating, so it will somehow decrease staking performance. There are obviously so many other factors that affect staking performance, staking weight (total coins use to stake); staking chunks (split threshold you set to split your coins into chunks and stake each chunk); network difficutly, and so on; but if your devices can not operate smoothly, staking process will be affected too.OK. I will just try it once, for one or two hours and then get a VPS if the rewards are good. Since I have only a small number of coins, the staking weight may be very small. But still I have big expectations for Veil and small mining rewards can be significant when the coin undergoes a bull run sometime in the future. I have studied Veil over the past few weeks and I am very excited about this coin.
Hey
1. i would not use VPS or any other extern ''provider'' what host you wallet files..
2. with 6k coins u have an estimated stake time of 1-2 days for 1 stake.
My laptop is quite old and I may need to discard it sometime soon. So mining 2-3 hours a day, just for fun isn't going to cause any harm, I guess. Hiring VPS is a good option. But with just 100 coins, the mining reward is going to be much lower than $5 per month. I am trying to increase the size of my holdings. Once that is done, I'll consider getting a VPS service.
Even your laptop is old, I don't think you should use it to try staking. Because such old devices are less-efficient operating, so it will somehow decrease staking performance. There are obviously so many other factors that affect staking performance, staking weight (total coins use to stake); staking chunks (split threshold you set to split your coins into chunks and stake each chunk); network difficutly, and so on; but if your devices can not operate smoothly, staking process will be affected too.OK. I will just try it once, for one or two hours and then get a VPS if the rewards are good. Since I have only a small number of coins, the staking weight may be very small. But still I have big expectations for Veil and small mining rewards can be significant when the coin undergoes a bull run sometime in the future. I have studied Veil over the past few weeks and I am very excited about this coin.
My laptop is quite old and I may need to discard it sometime soon. So mining 2-3 hours a day, just for fun isn't going to cause any harm, I guess. Hiring VPS is a good option. But with just 100 coins, the mining reward is going to be much lower than $5 per month. I am trying to increase the size of my holdings. Once that is done, I'll consider getting a VPS service.
Even your laptop is old, I don't think you should use it to try staking. Because such old devices are less-efficient operating, so it will somehow decrease staking performance. There are obviously so many other factors that affect staking performance, staking weight (total coins use to stake); staking chunks (split threshold you set to split your coins into chunks and stake each chunk); network difficutly, and so on; but if your devices can not operate smoothly, staking process will be affected too. If this is true, then I will try my luck with PoS mining this weekend. I have somewhere around 120 Veil in my wallet and although the chances of getting a reward is very low, I want to try mining just for fun. In my laptop I have a few other altcoin wallets and I do PoS mining for these coins simultaneously. Just hope that Veil mining will not cause any incompatibility.
Small numbers of coins will give you very low competitive ability to find blocks, hence very low rewards from staking. Moreover, staking via laptop and multiple-coin staking, I don't think you should do this, because your laptop might be fastly destroyed. Using VPS service is better option, with only $5 per month or even lower cost if you choose to pay per quarter or longer period. Personally, even you have mining rigs, you should also not stake your coins on rigs, instead VPS is always better option for stakers or masternode holders.My laptop is quite old and I may need to discard it sometime soon. So mining 2-3 hours a day, just for fun isn't going to cause any harm, I guess. Hiring VPS is a good option. But with just 100 coins, the mining reward is going to be much lower than $5 per month. I am trying to increase the size of my holdings. Once that is done, I'll consider getting a VPS service.
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.
you can stake 10, 100, 1000, 10k stacks of veil.
If this is true, then I will try my luck with PoS mining this weekend. I have somewhere around 120 Veil in my wallet and although the chances of getting a reward is very low, I want to try mining just for fun. In my laptop I have a few other altcoin wallets and I do PoS mining for these coins simultaneously. Just hope that Veil mining will not cause any incompatibility.
Then you stake 100 + 10 + 10 or 12 x 10
If this is true, then I will try my luck with PoS mining this weekend. I have somewhere around 120 Veil in my wallet and although the chances of getting a reward is very low, I want to try mining just for fun. In my laptop I have a few other altcoin wallets and I do PoS mining for these coins simultaneously. Just hope that Veil mining will not cause any incompatibility.
Small numbers of coins will give you very low competitive ability to find blocks, hence very low rewards from staking. Moreover, staking via laptop and multiple-coin staking, I don't think you should do this, because your laptop might be fastly destroyed. Using VPS service is better option, with only $5 per month or even lower cost if you choose to pay per quarter or longer period. Personally, even you have mining rigs, you should also not stake your coins on rigs, instead VPS is always better option for stakers or masternode holders. 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.
you can stake 10, 100, 1000, 10k stacks of veil.
If this is true, then I will try my luck with PoS mining this weekend. I have somewhere around 120 Veil in my wallet and although the chances of getting a reward is very low, I want to try mining just for fun. In my laptop I have a few other altcoin wallets and I do PoS mining for these coins simultaneously. Just hope that Veil mining will not cause any incompatibility.
.
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.
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.
Many hold thousands of veil but after seeing how much the developers are using their hundreds of thousands of veil to stake, why even bother to stake if developers will receive over 90% of rewards on top of the superblocks they mine? Do you trust them not to dump when they stake and mine anonymously? Do you really believe they are not dumping without any proof except "believe us"? Many of us believed them through pivx and look how they sold pivx project without notice to some of their most loyal users.
edit: By the way I hold thousands of veil, way more than I should for what I see developers are doing. I believe they are good at coding and have exceptional talent, but the problem is they have gotten too greedy and many are worried they will dump veil when every chance they have. They have not published proof they are not dumping. Proof in blockchain world is very important.
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.
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.
As admins, we're not supposed to talk about price. We don't know the factors for sure, but one that probably has contributed to price decrease was the Zerocoin vulnerability that was discovered, and we had to prevent from being used by temporarily disabling Zerocoin protocol. The vulnerability HAS NOT been used in Veil. Also, we plan to re-enable Zerocoin so that Zerocoin privacy goes live again, and we plan to implement some new privacy protocols and migrate away from Zerocoin to a more scalable private transaction system.
Is there any ETA for when you guys are planning to reimplement the zerocoin protocol into the chain? Or is it already implemented on the testnet version of the chain?
When the developers stop dumping all the coins they have been staking and all the superblocks they have staked unfairly against the community.
That's when they will not be able to use the excuse of the "zerocoin protocol bug".
If you don't believe me check how big the superblocks they stake are and why are they staking them anonymously.
I hope their greed doesn't end up killing their coin.
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.
you can stake 10, 100, 1000, 10k stacks of veil.
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.
As admins, we're not supposed to talk about price. We don't know the factors for sure, but one that probably has contributed to price decrease was the Zerocoin vulnerability that was discovered, and we had to prevent from being used by temporarily disabling Zerocoin protocol. The vulnerability HAS NOT been used in Veil. Also, we plan to re-enable Zerocoin so that Zerocoin privacy goes live again, and we plan to implement some new privacy protocols and migrate away from Zerocoin to a more scalable private transaction system.
Is there any ETA for when you guys are planning to reimplement the zerocoin protocol into the chain? Or is it already implemented on the testnet version of the chain?
Messari AMA with Veil's founder James Burden: https://www.publish0x.com/veil-project/messari-ama-with-veils-founder-james-burden-xwqqnm
Mobile wallet is planned and will eventually be released, but it is correct that other development tasks are being prioritized. Right now, our devs are focusing on implementing a solution to a major Zerocoin vulnerability and re-enabling Zerocoin protocol privacy, and developing the new privacy protocol that will replace Zerocoin in the future.
It is good to know the priorities of VEIL team at the moment. I saw some projects move to use source code of STRATIS as alternative for source code of Zero coin that is vulnerable and lots of bugs found many times. Would you mind disclosing more for me and others on the current plans of VEIL team to solve Zerocoin vulnerability, please. It seems that (based on your words above) the team will still stick with Zerocoin protocol with coming improvements. Are there plans to switch to other source codes? 
whats wrong with veil
price collapse till bleed hard never seen veil being so low price like this before
are now veil easy to mine?
It's a good time to buy. Mining difficulty is about the same, staking difficulty has sky rocketed. price collapse till bleed hard never seen veil being so low price like this before
are now veil easy to mine?
Hi,
Is there any chance to get contact with technical support ?
I wonder if the approximatively 800 zerocoin that I have lost from my wallet, while upgrading it from 1.0.2.0 to 1.0.3.0, has or not relation with the zerocoin vulnerability
Is there any chance to get contact with technical support ?
I wonder if the approximatively 800 zerocoin that I have lost from my wallet, while upgrading it from 1.0.2.0 to 1.0.3.0, has or not relation with the zerocoin vulnerability
Write to veil telegram chat or private message to veildango.
Hi,
Is there any chance to get contact with technical support ?
I wonder if the approximatively 800 zerocoin that I have lost from my wallet, while upgrading it from 1.0.2.0 to 1.0.3.0, has or not relation with the zerocoin vulnerability
Is there any chance to get contact with technical support ?
I wonder if the approximatively 800 zerocoin that I have lost from my wallet, while upgrading it from 1.0.2.0 to 1.0.3.0, has or not relation with the zerocoin vulnerability
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