the Veil Project Mining- Privacy without Compromise - page 17.

Uju4real

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📱 CARTESI 📱 INFRASTRUCTURE FOR DAP

Quote from: lunobird on April 12, 2019, 12:43:12 AM

If you have a Veil logo your a straight up whore and will do anything for a buck

The negativity or harsh word isn't called for buddy, I believe we are matured so if you see a post that doesn't tally well with you, you present your thoughts without been insulting

irixo10

full member

Activity: 1078

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GoMeat - Digitalizing Meat Stores - ICO

Veil is a project with two consensus systems, PoW and PoS where PoS is used to ensure decentralization and PoW is used to ensure transparent distribution of coins, at the same privacy and anonymity is also offered.
Indeed Veil is worth the attention and investment (My Opinion).

jacafbiz

hero member

Activity: 2128

Merit: 530

PredX - AI-Powered Prediction Market

Anyone that have looked into Dash will understand the mining hybridization employed in Veil, this is a good move by the developers to prevent the 51% attack that is affecting many coins in the space with small mind work behind it them, BCashSV and ETC are two good ones that comes to the mind

lifesgood10

member

Activity: 378

Merit: 13

Quote from: libert19 on April 16, 2019, 02:30:03 AM

Quote from: jonhn772 on April 13, 2019, 11:40:56 PM

Quote from: ivan1975 on April 10, 2019, 01:30:08 PM

I agree VEIL project have great potential.
Prefer POS mining. With 10к coins in wallet I get in about one block (50 coins) per day.

It's really great dude. 50 coins per day by pos mining is not so bad amount. I also thinking to start POS mining by purchasing 10k veil coin.

It's about 13k coins now to get at least 1 block everyday, due to more people mining and difficulty increase.

You probably need to up the number of coins you hodl for staking
So you can get to 1 block atleast daily to mine more

jony35490

jr. member

Activity: 422

Merit: 9

To be honest I also thinking about to mine veil. Cause I heard that veil is a POS mining coin and I was looking for this type of good coin.

r32godzilla

hero member

Activity: 1360

Merit: 506

Quote from: fortunecrypto on April 29, 2019, 07:37:08 AM

Quote from: studio1one on April 28, 2019, 12:06:54 AM

Quote from: superstarbtc on April 27, 2019, 09:52:22 AM

Quote from: studio1one on April 27, 2019, 12:48:11 AM

Quote from: superstarbtc on April 26, 2019, 03:03:01 AM

Quote from: studio1one on April 26, 2019, 12:32:30 AM

I have been thinking about switching to a different miner. Right now using suprminer.

While mining is it possible that two different miner software can give us two different results? I mean is it possible that one miner will give us slower speed compared to another?

Instead of mining can we stake the coin in their wallet will it help us to make some decent profit or not? What was the percentage they allocated to the people who are holding the coins in the wallets?

Yes, you can definitely stake VEIL and make a decent profit but you will need to start with over 10k VEILs (even more now) in order to get a stake daily. I am still staking around 3k VEIL but now I am getting a reward every 5-7 days

Oh, 10k Veil means really very huge amount because the price of Veil has increased to 0.3$ nearly and in order to stake 10k means nearly it will cost us 3000$, so on a weekly basis how much money you are going to make in the coming days?

You can start staking with 1k VEIL but the only problem is you won't get your rewards that frequently. In order to get rewards every day, you must increase your holding to at least 10-12k. Each stake gives us 50 VEILs.

With the current price of $0.32 and you need 10000 veils to stake that's $3200, good for whales who trust this coin that will give them a good profit, I'm looking forward to mining this coin and get my shares from bounty hunting so I can stake this coin, so what do you think the potential price of this coin in the future?

Please, how it is really work? It is hybrid consensus POSW right? And also there are masternodes? Because you said that you need 10k VEILS to start staking. Or there are no masternodes - only requirement for staking is 10 000 VEILS? Shocked

dragonmike

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Activity: 1274

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Quote from: panjay on April 29, 2019, 10:13:20 AM

Quote from: dragonmike on April 29, 2019, 04:56:01 AM

Does anyone in here know whether the newly-implemented precompute has any impact on the staking frequency of smaller denoms of 10 and 100?

I'm still intending to re-mint those to 1000's... Unless I'm being told it doesn't matter anymore.

I'm not quite sure, do you mean staking frequency=staking rewards? , if yes from this article: https://medium.com/veil-project/spend-zerocoins-in-seconds-thanks-to-veils-precompute-functionality-ad349e211c54

precompute doesn't have any relation with any staking rewards, it only speeds up your spending.

I mean whether precompute has any impact on denom staking probability.
Before precompute you were more likely to stake with denoms of 1000 than with denoms of 10, especially if these were "old" ones.

As far as I understand this should not matter anymore now. So bottomline is, it's probably not necessary to re-mint large denoms, but I'll carry on re-minting 10 denoms into 1000 when I accumulate enough.

panjay

sr. member

Activity: 1079

Merit: 352

Quote from: dragonmike on April 29, 2019, 04:56:01 AM

Does anyone in here know whether the newly-implemented precompute has any impact on the staking frequency of smaller denoms of 10 and 100?

I'm still intending to re-mint those to 1000's... Unless I'm being told it doesn't matter anymore.

I'm not quite sure, do you mean staking frequency=staking rewards? , if yes from this article: https://medium.com/veil-project/spend-zerocoins-in-seconds-thanks-to-veils-precompute-functionality-ad349e211c54

precompute doesn't have any relation with any staking rewards, it only speeds up your spending.

Anonylz

hero member

Activity: 2562

Merit: 577

Quote from: studio1one on April 28, 2019, 12:06:54 AM

Quote from: superstarbtc on April 27, 2019, 09:52:22 AM

Quote from: studio1one on April 27, 2019, 12:48:11 AM

Quote from: superstarbtc on April 26, 2019, 03:03:01 AM

Quote from: studio1one on April 26, 2019, 12:32:30 AM

I have been thinking about switching to a different miner. Right now using suprminer.

While mining is it possible that two different miner software can give us two different results? I mean is it possible that one miner will give us slower speed compared to another?

Instead of mining can we stake the coin in their wallet will it help us to make some decent profit or not? What was the percentage they allocated to the people who are holding the coins in the wallets?

Yes, you can definitely stake VEIL and make a decent profit but you will need to start with over 10k VEILs (even more now) in order to get a stake daily. I am still staking around 3k VEIL but now I am getting a reward every 5-7 days

Oh, 10k Veil means really very huge amount because the price of Veil has increased to 0.3$ nearly and in order to stake 10k means nearly it will cost us 3000$, so on a weekly basis how much money you are going to make in the coming days?

You can start staking with 1k VEIL but the only problem is you won't get your rewards that frequently. In order to get rewards every day, you must increase your holding to at least 10-12k. Each stake gives us 50 VEILs.

12K veil at this current market price of $0.37 will cost $4445.68 Shocked

which is huge for most people, then earning 50 veil daily in this current price will be $18.34 multiply by 30 days assuming your computer will always be on everyday running, your reward will be 1500 veil which will give $550.27 at current market price which is not bad for a passive income, veil is still affordable now to buy 12k veil unlike when it hit $1 Grin

, it will be hard to buy then.

fortunecrypto

legendary

Activity: 2450

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Quote from: studio1one on April 28, 2019, 12:06:54 AM

Quote from: superstarbtc on April 27, 2019, 09:52:22 AM

Quote from: studio1one on April 27, 2019, 12:48:11 AM

Quote from: superstarbtc on April 26, 2019, 03:03:01 AM

Quote from: studio1one on April 26, 2019, 12:32:30 AM

I have been thinking about switching to a different miner. Right now using suprminer.

While mining is it possible that two different miner software can give us two different results? I mean is it possible that one miner will give us slower speed compared to another?

Instead of mining can we stake the coin in their wallet will it help us to make some decent profit or not? What was the percentage they allocated to the people who are holding the coins in the wallets?

Yes, you can definitely stake VEIL and make a decent profit but you will need to start with over 10k VEILs (even more now) in order to get a stake daily. I am still staking around 3k VEIL but now I am getting a reward every 5-7 days

Oh, 10k Veil means really very huge amount because the price of Veil has increased to 0.3$ nearly and in order to stake 10k means nearly it will cost us 3000$, so on a weekly basis how much money you are going to make in the coming days?

You can start staking with 1k VEIL but the only problem is you won't get your rewards that frequently. In order to get rewards every day, you must increase your holding to at least 10-12k. Each stake gives us 50 VEILs.

With the current price of $0.32 and you need 10000 veils to stake that's $3200, good for whales who trust this coin that will give them a good profit, I'm looking forward to mining this coin and get my shares from bounty hunting so I can stake this coin, so what do you think the potential price of this coin in the future?

superstarbtc

jr. member

Activity: 378

Merit: 3

Quote from: studio1one on April 28, 2019, 12:06:54 AM

Quote from: superstarbtc on April 27, 2019, 09:52:22 AM

Quote from: studio1one on April 27, 2019, 12:48:11 AM

Quote from: superstarbtc on April 26, 2019, 03:03:01 AM

Quote from: studio1one on April 26, 2019, 12:32:30 AM

I have been thinking about switching to a different miner. Right now using suprminer.

While mining is it possible that two different miner software can give us two different results? I mean is it possible that one miner will give us slower speed compared to another?

Instead of mining can we stake the coin in their wallet will it help us to make some decent profit or not? What was the percentage they allocated to the people who are holding the coins in the wallets?

Yes, you can definitely stake VEIL and make a decent profit but you will need to start with over 10k VEILs (even more now) in order to get a stake daily. I am still staking around 3k VEIL but now I am getting a reward every 5-7 days

Oh, 10k Veil means really very huge amount because the price of Veil has increased to 0.3$ nearly and in order to stake 10k means nearly it will cost us 3000$, so on a weekly basis how much money you are going to make in the coming days?

You can start staking with 1k VEIL but the only problem is you won't get your rewards that frequently. In order to get rewards every day, you must increase your holding to at least 10-12k. Each stake gives us 50 VEILs.

In order to make a good amount of money through staking, we have to risk but how far we can justify the company, it is a very new company which we don't know how far they can develop in the future and investing that much amount is always risky one.

dragonmike

hero member

Activity: 1274

Merit: 556

Does anyone in here know whether the newly-implemented precompute has any impact on the staking frequency of smaller denoms of 10 and 100?

I'm still intending to re-mint those to 1000's... Unless I'm being told it doesn't matter anymore.

Saugani

member

Activity: 672

Merit: 35

#BUIDL team to become delegates-validator

Quote from: Alpha0One1 on April 28, 2019, 11:23:44 PM

I'm supporting Veil as I like the no premine and PoS/PoW combination.
It's also privacy by default. Not some other coins where you need to enable privacy.

well, sometimes that matters we always ask if the mineable coins with use consensus main-PoW, whether it has pre-mine.

Yup...they are working full time and are building as project has a success. what I like this where the majority of experienced back-end team and to be honest I follow this project, namely as the candidate will be successful. Grin

newly this we’ll grow sure where they're very transparent to the community is certainly as well community like a trader, holder etc, you can visit here to see some wallets for the development project, we all surely know by Messari research and open-source library

Galantin

jr. member

Activity: 602

Merit: 2

In my opinion this is a promising project. And it is worth setting your equipment to its prey. The fact is that this project can become number 1 among all anonymous cryptocurrencies. Study it in detail.

asriloni

legendary

Activity: 3038

Merit: 1024

Leading Crypto Sports Betting & Casino Platform

Quote from: Darkoth89 on April 28, 2019, 03:33:03 AM

Quote from: studio1one on April 28, 2019, 12:06:54 AM

Quote from: superstarbtc on April 27, 2019, 09:52:22 AM

Quote from: studio1one on April 27, 2019, 12:48:11 AM

Quote from: superstarbtc on April 26, 2019, 03:03:01 AM

Quote from: studio1one on April 26, 2019, 12:32:30 AM

I have been thinking about switching to a different miner. Right now using suprminer.

While mining is it possible that two different miner software can give us two different results? I mean is it possible that one miner will give us slower speed compared to another?

Instead of mining can we stake the coin in their wallet will it help us to make some decent profit or not? What was the percentage they allocated to the people who are holding the coins in the wallets?

Yes, you can definitely stake VEIL and make a decent profit but you will need to start with over 10k VEILs (even more now) in order to get a stake daily. I am still staking around 3k VEIL but now I am getting a reward every 5-7 days

Oh, 10k Veil means really very huge amount because the price of Veil has increased to 0.3$ nearly and in order to stake 10k means nearly it will cost us 3000$, so on a weekly basis how much money you are going to make in the coming days?

You can start staking with 1k VEIL but the only problem is you won't get your rewards that frequently. In order to get rewards every day, you must increase your holding to at least 10-12k. Each stake gives us 50 VEILs.

You don't need to have 1k VEIL either. You can start staking with only 10 VEIL (it has to be Zerocoin though). But then you'll hardly get any rewards. The number of 10-13k VEILs that is talked about is the amount you need to find (approximately) one POS block every day.

Basically more coins and more rewards and less coins and you will get less reward from staking your veil. This is how POS system works. Basically that is the same like how much stock that we get to able get the dividend from the network.

Kasperiko

sr. member

Activity: 924

Merit: 255

Quote from: Alpha0One1 on April 28, 2019, 11:23:44 PM

I'm supporting Veil as I like the no premine and PoS/PoW combination.
It's also privacy by default. Not some other coins where you need to enable privacy.

The only thing that the team still lacks is a normal wallet that works without problems.
The latest security update shows that not everything is fine. And with security, it’s important that everything is 100% perfect. The team quickly solves problems, but the wallet is still raw.

Alpha0One1

full member

Activity: 588

Merit: 107

I'm supporting Veil as I like the no premine and PoS/PoW combination.
It's also privacy by default. Not some other coins where you need to enable privacy.

r32godzilla

hero member

Activity: 1360

Merit: 506

Quote from: libert19 on April 26, 2019, 08:50:09 AM

Quote from: r32godzilla on April 26, 2019, 08:28:59 AM

Quote from: Mr.Ease on April 10, 2019, 01:11:03 PM

This is the hottest coin right now - This project is going to break into the Top100 by the end of the year, mark my words...

As for mining - I'm in the process of setting up my computer to GPU mine - Complete newbie at it, but I want to get in on this mining action while the difficulty is low.

Until I get my own miner though, I'm currently renting rigs on miningrigrentals.com as there are a few rigs mining the x16rt algo.

Not that it's profitable to mine and sell - but technically it is cheaper to get veil this way since the market sell side is thin... Any buy will rocket launch the price.

According to website: "No ICO. No premine. Veil's blockchain is secured via Proof-of-Work and Proof-of-Stake"
This is another privacy coins that will be distributed among users fairly, same like Grin, that´s why people should look about coins that are fairly distributed among users instead of distributed among few whales that can control the whole network.

Every coin has whales, people those who have money to invest will buy veil and become a whale.

But it is diffrent when whales buy a lot of coins and will pump the coin, or they get them for free (because they created the cryptocurrency).
Whales are not buying everything, they are very careful with big investments.

sh4dtechnr

copper member

Activity: 434

Merit: 4

I really like how this project started, how it is thought out and implemented at the moment. I think this coin has a very good future, I am very bullish about veil.

trashman43

full member

Activity: 298

Merit: 100

Quote from: Mr.Ease on April 10, 2019, 01:11:03 PM

This is the hottest coin right now - This project is going to break into the Top100 by the end of the year, mark my words...

As for mining - I'm in the process of setting up my computer to GPU mine - Complete newbie at it, but I want to get in on this mining action while the difficulty is low.

Until I get my own miner though, I'm currently renting rigs on miningrigrentals.com as there are a few rigs mining the x16rt algo.

Not that it's profitable to mine and sell - but technically it is cheaper to get veil this way since the market sell side is thin... Any buy will rocket launch the price.

I don't really agree with you on the fact that veil is the hottest coin. I do believe that Veil is gonna introduce a different perspective into privacy coin and increase the level of anonymity in the crypto ecosystem but I don't see it being the hottest coin right now.

Topic: the Veil Project Mining- Privacy without Compromise - page 17. (Read 6062 times)