[ANN] [PoW] [PoS] VEIL - Privacy without compromise - page 35.

VeilDango

copper member

Activity: 212

Merit: 153

Veil is now listed on CITEX, a digital asset trading platform registered in South Korea supporting Korean won deposit channels.

Veil deposits are now live and VEIL/BTC and VEIL/ETH trading markets will open at 9 AM GMT.

https://www.citex.co.kr/

CITEX is also giving away 1,000 Veil to 10 lucky winners. Contest ends in 72 hours. Learn more here: https://twitter.com/Citexofficial/status/1116598613226835968

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

sockpuppet1911

sr. member

Activity: 994

Merit: 278

Quote from: Kasperiko on April 11, 2019, 05:01:48 AM

Quote from: VeilDango on April 10, 2019, 09:50:18 PM

You can stake with 10 coins, which is the minimum required to mint a 10 Zerocoin denomination in Veil.

If you have 1,500 project tokens, you should make 1x 1,000 denomination, and 5x 100 denomination.

Just wanted to have a calculator it is not clear what is better profitable by staking chance.
From this table - https://docs.google.com/spreadsheets/d/10iN-d6NRX4u5WzNi4lO0S3Ef7euwyuvRv0TANjLPp1E/edit#gid=558845196 In % if have 1500 veils it is better to divide them by 15*100 than 1*1000 + 5*100 Roll Eyes

Thanks, that's exactly what i was looking for. I needed something like this for planning ahead on how much i am going to buy. This seems to be a community with great attitude.

Lucasgabd

legendary

Activity: 2506

Merit: 1113

There's no need to be upset

Quote from: Pon13 on April 11, 2019, 12:57:07 AM

Quote from: Mr.Ease on April 10, 2019, 11:55:18 AM

Quote from: Pon13 on April 10, 2019, 01:21:02 AM

Quote from: VeilDango on April 09, 2019, 11:54:16 PM

I suggest minting the highest denoms you can so you reduce how often you need to remint to reduce orphan rate (not successful stakes). I am using mainly 1K's right now, and remint every two weeks or so. After Precompute is implemented, there will be no need to remint.

care to explain this a bit? do we have to remint our stakes after a while?

How does one easily remint?

Are you talking about sending ZeroCoin to myself? And, I thought it didn't matter the transaction size because coin-age doesn't matter. I was under the impression that all coins stake the same regardless of transaction size

yes you convert all back to basecoin and then remint.

Thanks a lot for the info VeilDango, it was super explanatory. Cheers !

just keep in mind that when sending coins to yourself it may take a while with the wallet "not answering", don't close it, just wait.
some people report it takes more than 20 hours sometimes...

Kasperiko

sr. member

Activity: 924

Merit: 255

Quote from: VeilDango on April 10, 2019, 09:50:18 PM

You can stake with 10 coins, which is the minimum required to mint a 10 Zerocoin denomination in Veil.

If you have 1,500 project tokens, you should make 1x 1,000 denomination, and 5x 100 denomination.

Just wanted to have a calculator it is not clear what is better profitable by staking chance.
From this table - https://docs.google.com/spreadsheets/d/10iN-d6NRX4u5WzNi4lO0S3Ef7euwyuvRv0TANjLPp1E/edit#gid=558845196 In % if have 1500 veils it is better to divide them by 15*100 than 1*1000 + 5*100 Roll Eyes

Pon13

full member

Activity: 670

Merit: 130

Quote from: Mr.Ease on April 10, 2019, 11:55:18 AM

Quote from: Pon13 on April 10, 2019, 01:21:02 AM

Quote from: VeilDango on April 09, 2019, 11:54:16 PM

I suggest minting the highest denoms you can so you reduce how often you need to remint to reduce orphan rate (not successful stakes). I am using mainly 1K's right now, and remint every two weeks or so. After Precompute is implemented, there will be no need to remint.

care to explain this a bit? do we have to remint our stakes after a while?

How does one easily remint?

Are you talking about sending ZeroCoin to myself? And, I thought it didn't matter the transaction size because coin-age doesn't matter. I was under the impression that all coins stake the same regardless of transaction size

yes you convert all back to basecoin and then remint.

Thanks a lot for the info VeilDango, it was super explanatory. Cheers !

pinpins

member

Activity: 1027

Merit: 19

You can mine Veil at autoexchange mining pool Zergpool.com at 0.5% fee. Please use following commands for different mining options

Option 1 Auto coin switch by profitability within algorithm with payment to wallet

Code:

-o stratum+tcp://veil.mine.zergpool.com:3686 -u -p c=BTC

Option 2 Direct coin mining to coin wallet

Code:

-o stratum+tcp://veil.mine.zergpool.com:3686 -u -p c=VEIL,mc=VEIL

Option 3 Direct coin mining with autoexchange to specified coin wallet

Code:

-o stratum+tcp://veil.mine.zergpool.com:3686 -u -p c=BTC,mc=VEIL

Please note mc stands for mining coin symbol, c stand for payout coin symbol

Autoexchange to BTC, LTC, DASH or any other currency we mine
Happy mining,
cheers pinpin

VeilDango

copper member

Activity: 212

Merit: 153

Quote from: Little Mouse on April 10, 2019, 08:32:01 AM

Is there any paper wallet for veil? I'm interested to join bounty since it requires quite a lot to have a minimum staling balance.

There was work being done on a Paper Wallet, but I am not sure it is working properly, and would rather not have bounty hunters be its testers. You don't need to stake, you can just download the Veil wallet app, run it, and generate a Basecoin address for use in the bounty program.

To generate a Basecoin address, go to Settings icon > Advanced Options > Console tab and enter: getnewbasecoinaddress

Quote from: Kasperiko on April 10, 2019, 10:40:49 AM

What is the minimum number of coins needed for stacking with such PoS Difficulty? And for example, have 1500 project tokens, how can I better distribute them for PoS?
1000-denom and 100-denom*5? Or 100-denom*15? Please devs clarify this point if not difficult.

You can stake with 10 coins, which is the minimum required to mint a 10 Zerocoin denomination in Veil.

If you have 1,500 project tokens, you should make 1x 1,000 denomination, and 5x 100 denomination.

Quote from: Mr.Ease on April 10, 2019, 11:55:18 AM

How does one easily remint?

Are you talking about sending ZeroCoin to myself? And, I thought it didn't matter the transaction size because coin-age doesn't matter. I was under the impression that all coins stake the same regardless of transaction size

You can remint by first going to Settings icon > Advanced Options > Console tab and sending yourself funds from your Basecoin, CT, and RingCT balances to consolidate all your coins.
Then go Settings icon > Zerocoin Minting and type in the amount you want to mint and hit MINT (and also check Use Basecoin if minting from Basecoin balance).

Here are the commands for sending yourself funds from different coin types: https://bitcointalksearch.org/topic/ended-veil-privacy-without-compromise-monthly-distribution-tradeable-5125073

VeilDango

copper member

Activity: 212

Merit: 153

Quote from: Pon13 on April 10, 2019, 01:21:02 AM

care to explain this a bit? do we have to remint our stakes after a while?

Lower denoms (10, 100) have less chance per denom to win a stake, so they can get really old and then take a very long time to spend. This can cause higher orphaned stake rate.

If you go for higher denoms (1,000, 10,000), they have higher chance per denom to win a stake, so they will be reminted more regularly, reducing/removing the need for reminting.

1k may benefit from a remint every 1-2 weeeks. 10k probably does not need to be reminted at all, maybe just remint the oldest one(s) every few weeks at most.

Mr.Ease

hero member

Activity: 1596

Merit: 534

Quote from: Pon13 on April 10, 2019, 01:21:02 AM

Quote from: VeilDango on April 09, 2019, 11:54:16 PM

I suggest minting the highest denoms you can so you reduce how often you need to remint to reduce orphan rate (not successful stakes). I am using mainly 1K's right now, and remint every two weeks or so. After Precompute is implemented, there will be no need to remint.

care to explain this a bit? do we have to remint our stakes after a while?

How does one easily remint?

Are you talking about sending ZeroCoin to myself? And, I thought it didn't matter the transaction size because coin-age doesn't matter. I was under the impression that all coins stake the same regardless of transaction size

Kasperiko

sr. member

Activity: 924

Merit: 255

What is the minimum number of coins needed for stacking with such PoS Difficulty? And for example, have 1500 project tokens, how can I better distribute them for PoS?
1000-denom and 100-denom*5? Or 100-denom*15? Please devs clarify this point if not difficult.

Kuchiyose

full member

Activity: 686

Merit: 100

Quote from: Little Mouse on April 10, 2019, 08:32:01 AM

Is there any paper wallet for veil? I'm interested to join bounty since it requires quite a lot to have a minimum staling balance.

You should visit this project's bounty thread to find out what you are asking here. in the thread bounty everything will be covered by everything you can do.

Little Mouse

legendary

Activity: 2156

Merit: 2100

Marketing Campaign Manager |Telegram ID- @LT_Mouse

Is there any paper wallet for veil? I'm interested to join bounty since it requires quite a lot to have a minimum staling balance.

Biscults

newbie

Activity: 42

Merit: 0

This coin is not nearly hyped enough here, y'all get off your sh*t coins and get some veil!

Pon13

full member

Activity: 670

Merit: 130

Quote from: VeilDango on April 09, 2019, 11:54:16 PM

I suggest minting the highest denoms you can so you reduce how often you need to remint to reduce orphan rate (not successful stakes). I am using mainly 1K's right now, and remint every two weeks or so. After Precompute is implemented, there will be no need to remint.

care to explain this a bit? do we have to remint our stakes after a while?

marketone

legendary

Activity: 1302

Merit: 1000

Quote from: fr4nkthetank on April 09, 2019, 12:29:00 PM

Just joined the bounty, just wanted to say hi to everyone. Trying out the wallet as we speak, so far looking good and functional. I like the graphics, well done

Yes, as of now they are doing according to what they mentioned but things will not be the same always because they didn't list in higher volumes exchanges. Of course, it will take some time to get a reputation for that they need actively give updates about their progress and developments.

VeilDango

copper member

Activity: 212

Merit: 153

Quote from: Little Mouse on April 09, 2019, 11:03:06 AM

What's the PoS reward plan of Veil. I didn't notice any information related PoS reward. Can someone help me find this out? Would really appreciate.

The reward for winning a stake is 50 Veil. Currently about 50% of blocks are won by miners andd 50% by stakers.

Quote from: ivan1975 on April 09, 2019, 12:51:53 PM

Is it correct information?
I have > 10k. Some coins with 10 denom, some 100 and some 1000.
Better make all Zerocoins to 10000 denom or it doesn't matter?

I suggest minting the highest denoms you can so you reduce how often you need to remint to reduce orphan rate (not successful stakes). I am using mainly 1K's right now, and remint every two weeks or so. After Precompute is implemented, there will be no need to remint.

Quote from: LemX on April 09, 2019, 05:01:08 PM

This is fork zcash?

Veil is based on Bitcoin Core v0.17 and has custom-implemented privacy features.

Quote from: Mr.Ease on April 09, 2019, 11:19:49 PM

So, I'm sure plenty of users are staking here...
What is a minimum amount to get a block staked? Or timelines for staking.

Basically - if your staking blocks consistently, how many veil and how long per block?

Right now, you need around 12k Veil to earn one stake a day on average. The amount required for one stake a day on average will keep getting higher as the coin supply increases and more coins are staked.

Mr.Ease

hero member

Activity: 1596

Merit: 534

So, I'm sure plenty of users are staking here...
What is a minimum amount to get a block staked? Or timelines for staking.

Basically - if your staking blocks consistently, how many veil and how long per block?

LemX

full member

Activity: 396

Merit: 109

This is fork zcash?

lemonandfriesonetwo

member

Activity: 653

Merit: 11

Quote from: ivan1975 on April 09, 2019, 12:51:53 PM

Quote from: lemonandfriesonetwo on April 07, 2019, 08:28:26 PM

Quote from: dimaspro10 on April 07, 2019, 05:04:51 PM

hello,tell me please,what denom I must choose (1000 or 10 000) to improve my staking,if Ihave 2000 zerocoin balance?

1000

Is it correct information?
I have > 10k. Some coins with 10 denom, some 100 and some 1000.
Better make all Zerocoins to 10000 denom or it doesn't matter?

Past 10k doesn't matter. whatever is easier for you.

ivan1975

legendary

Activity: 2940

Merit: 1169

Quote from: lemonandfriesonetwo on April 07, 2019, 08:28:26 PM

Quote from: dimaspro10 on April 07, 2019, 05:04:51 PM

hello,tell me please,what denom I must choose (1000 or 10 000) to improve my staking,if Ihave 2000 zerocoin balance?

1000

Is it correct information?
I have > 10k. Some coins with 10 denom, some 100 and some 1000.
Better make all Zerocoins to 10000 denom or it doesn't matter?

Topic: [ANN] [PoW] [PoS] VEIL - Privacy without compromise - page 35. (Read 65534 times)