the Veil Project Mining- Privacy without Compromise - page 13.

viljy

hero member

Activity: 1736

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Quote from: Wayan_Pedjeng on May 09, 2019, 10:59:33 AM

I have downloaded the Veil wallet, but it is consuming a lot of bandwidth. I installed the wallet yesterday and it is downloading the blocks ever since. My daily quota of 3 GB was consumed for a second day straight and still around 50% is remaining. Is there a light wallet available for Veil, which I can use instead of the full desktop wallet?

You need to download a snapshot of the blockchain. No light wallet yet. But you can create a paper wallet. If you need a wallet for POS you will have to install a full wallet.

Wayan_Pedjeng

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Activity: 913

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I have downloaded the Veil wallet, but it is consuming a lot of bandwidth. I installed the wallet yesterday and it is downloading the blocks ever since. My daily quota of 3 GB was consumed for a second day straight and still around 50% is remaining. Is there a light wallet available for Veil, which I can use instead of the full desktop wallet?

r32godzilla

hero member

Activity: 1361

Merit: 506

Quote from: starkovblue on May 09, 2019, 09:47:02 AM

Quote from: superstarbtc on May 09, 2019, 01:12:07 AM

Quote from: Google+ on May 08, 2019, 06:48:16 PM

Quote from: Alpha0One1 on May 05, 2019, 08:57:46 PM

I'll try staking Veil as soon as I have earned enough coins from the bounty program. Looks promising as well that's why I joined the bounty.

If you only rely on capital risking you from the results. Being a participant in the prize campaign I don't think that will be enough and the process of gaining profits will be very long, try to buy these coins in large quantities to be able to get very fast profits.

Yes, we have to take risks in order to be benefited from this coin and the good option we have is we can stake the coins which we can make some more coin by staking in the wallets. Without risk, it is impossible to make money.

Project has a very big future if nothing is spoiled. It can be seen that the price is growing not just because of the development. For miners one of the best options for earning at the moment.

According to coinmarketcap it is one of the smallest privacy coins as I know, that means a big opportunity for investors, but also higher risk. To reduce the risk, we need to list VEIL on bigger exchange that will bring enough liquidity. Cool

starkovblue

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Activity: 980

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Quote from: superstarbtc on May 09, 2019, 01:12:07 AM

Quote from: Google+ on May 08, 2019, 06:48:16 PM

Quote from: Alpha0One1 on May 05, 2019, 08:57:46 PM

I'll try staking Veil as soon as I have earned enough coins from the bounty program. Looks promising as well that's why I joined the bounty.

If you only rely on capital risking you from the results. Being a participant in the prize campaign I don't think that will be enough and the process of gaining profits will be very long, try to buy these coins in large quantities to be able to get very fast profits.

Yes, we have to take risks in order to be benefited from this coin and the good option we have is we can stake the coins which we can make some more coin by staking in the wallets. Without risk, it is impossible to make money.

Project has a very big future if nothing is spoiled. It can be seen that the price is growing not just because of the development. For miners one of the best options for earning at the moment.

sirohige

hero member

Activity: 784

Merit: 500

Quote from: studio1one on May 08, 2019, 11:54:34 PM

Quote from: asriloni on May 08, 2019, 02:12:49 AM

No emission for staking and mining after years 19 and that means if the hardcap will have achieved by veil in the next 19 years from now. Remember after the hardcap has already achieved and no more emission will be produced and staking and mining will not get any reward from the block. I just got that from the veil.

Thank you very much

BTW by hard cap you mean the total supply of VEIL that is mentioned on CMC right?

I think the total supply of the veils mentioned in the coinmarketcap will no longer increase which means that the total supply of veils should be limited and only 17,536,157 pieces of veils, because if the existing total supply increases then surely this will have a detrimental effect on veil prices.

Cellerex

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Activity: 434

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Coinsbit.io

Quote from: superstarbtc on May 09, 2019, 01:12:07 AM

Yes, we have to take risks in order to be benefited from this coin and the good option we have is we can stake the coins which we can make some more coin by staking in the wallets. Without risk, it is impossible to make money.

If a person is not ready to risk, then he has no place in crypto investing. one must be mentally prepared for risks and possible losses. Although of course much nicer to think about the possible profits.

superstarbtc

jr. member

Activity: 378

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Quote from: Google+ on May 08, 2019, 06:48:16 PM

Quote from: Alpha0One1 on May 05, 2019, 08:57:46 PM

I'll try staking Veil as soon as I have earned enough coins from the bounty program. Looks promising as well that's why I joined the bounty.

If you only rely on capital risking you from the results. Being a participant in the prize campaign I don't think that will be enough and the process of gaining profits will be very long, try to buy these coins in large quantities to be able to get very fast profits.

Yes, we have to take risks in order to be benefited from this coin and the good option we have is we can stake the coins which we can make some more coin by staking in the wallets. Without risk, it is impossible to make money.

studio1one

hero member

Activity: 1218

Merit: 500

BintexFutures

Quote from: asriloni on May 08, 2019, 02:12:49 AM

No emission for staking and mining after years 19 and that means if the hardcap will have achieved by veil in the next 19 years from now. Remember after the hardcap has already achieved and no more emission will be produced and staking and mining will not get any reward from the block. I just got that from the veil.

Thank you very much

BTW by hard cap you mean the total supply of VEIL that is mentioned on CMC right?

Google+

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Activity: 2464

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Leading Crypto Sports Betting & Casino Platform

Quote from: Alpha0One1 on May 05, 2019, 08:57:46 PM

I'll try staking Veil as soon as I have earned enough coins from the bounty program. Looks promising as well that's why I joined the bounty.

If you only rely on capital risking you from the results. Being a participant in the prize campaign I don't think that will be enough and the process of gaining profits will be very long, try to buy these coins in large quantities to be able to get very fast profits.

||bit

hero member

Activity: 924

Merit: 506

Quote from: asriloni on May 08, 2019, 02:12:49 AM

Quote from: studio1one on May 07, 2019, 11:35:45 PM

Once they reach the total supply they will completely switch to PoS, right? If yes then any idea how much longer the PoW will be active for?
Thanks.

No emission for staking and mining after years 19 and that means if the hardcap will have achieved by veil in the next 19 years from now. Remember after the hardcap has already achieved and no more emission will be produced and staking and mining will not get any reward from the block. I just got that from the veil.

I think this is the plan right now but it can change. In 19 years veil can something that valuable miners can be more than happy just with the fees on the chain. But 19 years is not a law. If things mature enough in 10 years they can change that too. Or in the opposite, if things won't be enough 19 years later, they can add some more years, readjust block rewards and etc.

Their plan is something but we don't know that plan will be real or not.

evenotto

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Activity: 672

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Quote from: whiteblue on May 08, 2019, 06:22:04 AM

Quote from: asriloni on May 08, 2019, 02:12:49 AM

Quote from: studio1one on May 07, 2019, 11:35:45 PM

Once they reach the total supply they will completely switch to PoS, right? If yes then any idea how much longer the PoW will be active for?
Thanks.

No emission for staking and mining after years 19 and that means if the hardcap will have achieved by veil in the next 19 years from now. Remember after the hardcap has already achieved and no more emission will be produced and staking and mining will not get any reward from the block. I just got that from the veil.

I think the process to go to 19 is very long and when the conditions are still like this, the veil still has a very long chance to become a coin that can succeed in the future.

Over these years everything can change..
It seems to me that it is more important to start a working system now than to plan for such a long time. In any case, closer to this period it will be possible to conduct hard forks with a more relevant base.

whiteblue

sr. member

Activity: 1246

Merit: 250

Quote from: asriloni on May 08, 2019, 02:12:49 AM

Quote from: studio1one on May 07, 2019, 11:35:45 PM

Once they reach the total supply they will completely switch to PoS, right? If yes then any idea how much longer the PoW will be active for?
Thanks.

No emission for staking and mining after years 19 and that means if the hardcap will have achieved by veil in the next 19 years from now. Remember after the hardcap has already achieved and no more emission will be produced and staking and mining will not get any reward from the block. I just got that from the veil.

I think the process to go to 19 is very long and when the conditions are still like this, the veil still has a very long chance to become a coin that can succeed in the future.

viljy

hero member

Activity: 1736

Merit: 857

Quote from: asriloni on May 08, 2019, 02:12:49 AM

No emission for staking and mining after years 19 and that means if the hardcap will have achieved by veil in the next 19 years from now. Remember after the hardcap has already achieved and no more emission will be produced and staking and mining will not get any reward from the block. I just got that from the veil.

Then the network will only work at the expense of tx fee? But this is a very small profit. Or maybe the same amount of fees will do more.

asriloni

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Activity: 3038

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Leading Crypto Sports Betting & Casino Platform

Quote from: studio1one on May 07, 2019, 11:35:45 PM

Once they reach the total supply they will completely switch to PoS, right? If yes then any idea how much longer the PoW will be active for?
Thanks.

No emission for staking and mining after years 19 and that means if the hardcap will have achieved by veil in the next 19 years from now. Remember after the hardcap has already achieved and no more emission will be produced and staking and mining will not get any reward from the block. I just got that from the veil.

KryptoKai

full member

Activity: 630

Merit: 100

A hybrid approach is definitely the way forward. PoW is too energy hungry but some people prefer it to gain a dominance in mining, anyone can stake which is fairer for all

studio1one

hero member

Activity: 1218

Merit: 500

BintexFutures

Once they reach the total supply they will completely switch to PoS, right? If yes then any idea how much longer the PoW will be active for?
Thanks.

Lucasgabd

legendary

Activity: 2506

Merit: 1113

There's no need to be upset

Quote from: dragonmike on May 03, 2019, 08:38:05 AM

Quote from: Lucasgabd on May 03, 2019, 08:23:41 AM

I think it may highly depends on the amount of coins you hold because my returns are more like 3-5% a month.

can anybody confirm what does precompute do?
I click the button here on the wallet but nothing happens

https://veil-project.com/blog/veil-precompute/

All there for your reading pleasure.

Basically you should be able to spend zerocoins faster. When it comes to staking, it should also help you lower your rate of orphans if your CPU is on the lower end.

awesome, thank you so much!
for some reason mine is not turned on by default and nothing happens when I click it
should I change .conf to precompute=1 or there is some other way?

Anonylz

hero member

Activity: 2562

Merit: 577

It is best to buy what amount of veil you can afford and stake them to get reward maybe daily depending on the size of your wallet rather than going through the heart attack moments of trading, pos is more guarantee than trading, you can sell your accrual at the end of each month for passive income,
My target to purchase at least 12k veil so i can get daily reward to earn passive income. This is best option imo.

||bit

hero member

Activity: 924

Merit: 506

Quote from: olamidey on May 06, 2019, 05:17:32 AM

You know apart from trading tokens , you can also make profit in staking. But this really needs a professional mindset in switching from trading to staking while making sure to avoid losses.

Trading is a two-edged sword. You can make profit more than yearly pos income even in a day. But on the other hand, you can end up way lesser coin you started with.

I am not a good trader and even the best traders can make mistakes. So, i would prefer the riskless way and will try to accumulate more veil tokens just with staking them.

GreenStox

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Undeads.com - P2E Runner Game

Quote from: Alpha0One1 on May 05, 2019, 08:57:46 PM

I'll try staking Veil as soon as I have earned enough coins from the bounty program. Looks promising as well that's why I joined the bounty.

indeed the benefits obtained are not as much as the capital used because this staking veil can provide a lot of benefits because the total supply of veils is very limited and the price can be more expensive than the current price, so you should be able to use the veil as best you can to get a very profitable Many people use smartphones and it is very dangerous, smartphones are not suitable for staking.

Topic: the Veil Project Mining- Privacy without Compromise - page 13. (Read 6090 times)