Bitcoin Forum

I was looking at some POS coins and some people suggested VEIL (POS/POW), it's apparently a new privacy-based coin.

I was originally interested in staking but does anyone know how profitable is it to mine it? I have my computer online most of the time (1080 Ti - i7-7700k) and I was wondering If I could mine using that since it's a new coin and probably the difficulty is not that much.

Whattomine is your friend.
A 1080Ti will probably hash x16rt around 35 MH/s. Easy to do the math for a legendary madgamer like you.

whattomine does not give accurate information, 40% of the variance in the smaller side

Not only whattomine but the whole of mining calculators are not 100% accurate.  That's why OP must try to mine it directly and we can only argue about how much hashrate that can produce by 1080Ti and how much will get by Op but at least cointomine is better than whattomine to create a speculation

The result may different but that's not wrong to try that. OP can try to use this to create a speculation about how much he will get from mine and try to make a comparison with run staking
https://cointomine.today/calculator/coin/VEIL/

Whattomine was totally inaccurate and kept giving me negative profit for some reason, even though I was setting the electricity to 0$. Cointomine gave better and much realistic results.

I want to know though, is it possible to basically mine and stake at the same coins that are being mined, automatically without the need of refreshing some settings or restarting etc.?

I watched a few videos on YouTube. 4 months ago from 1080 it was possible to get 20-25 MH / s and I thought now the complexity has increased significantly. Well, there are about 10 pools where you can join.

I'm mining veil and I will show you my screenshot hashrate with GTX 1080ti below.

https://i.imgur.com/1vvXWPQ.png?1

As you can see I'm currently have around 33 hashrate but I just set the clock for much efficiency that is why the watt is low compared to stock clock.

This is not accurate and sometimes the hashrate shows 45 because the hashrate is depends on the hash order.

If you are planning to mine veil try to play the intensity 19 to 23 but for my GTX 1080ti I set it to intensity 23.

At current prices, mining is not profitable. But if your looking to gather some coins for the long run, I suppose small mining would be a good idea.
As for staking - Your going to need a large amount of coins to see consistent blocks.

You would be better off getting on an exchange and buying. There was a recent price collapse, so getting a bag is much cheaper than it was 2weeks ago.

maybe we still need to learn more about this veil coin, because this coin still appears on the surface, and we still can't determine how profitable this coin .

Even with such prices VEIL mining is one of the most profitable now. This gives 10% greater profit than ETH. May be BEAM with last gminer is better, but i havent tried it yet.

What do you mean about learn more? you put a VEIL signature and you don't have any idea or something?

about the price, I think we can determine to some extent like that guy with awesome SS above.





I second this, maybe you want to wait a little more because VEIL doing some bounty (as you can see on my sign) and after distribution that will happen this month, there will more "discount" if you looking to buy more.

I think its much better to mine when the price of Veil is low, like it is right now. Later when the price rises, mining difficulty will also rise as more miners chime in to mine.

Agree with this it is better to wait after the bounty distribution before you buy so that you can buy cheaper price.

If the bounty paused or stop there is possibility that the price of VEIL increase more than 100% to 1000% due to active developer and upcoming events.

Indeed, in my opinion, it is still profitable to mine now, except that the GPU in need must be 1080 minimal because the ROI is felt enough, whereas if using VGA like 1050ti there is no ROI obtained

My question is why does everyone have these Veil Avatars?

Be careful, there are a lot of shills promoting this coin.  It looks to be another premine pump and dump by "devs" that just want quick money.

Mine established coins or something that actually has a fair launch.

The Vail campaign program is still ongoing, there are still a few months left, there are still opportunities to participate in the campaign.
Distribution is done every month,
Thread https://bitcointalk.org/index.php?topic=5125073.0

With your system always online, I think staking about 13000 veil will give about 50 veils are reward. It seem more profitable than the POW.(Ps reconfirm before you run it)

Yes, everything depends upon the development they do in the market and even the price is also based on the thing they do in the market. Right now the option is very much interest to mine this coin which is profitable at the current price.

All the coin Pow and all the mining depends on two things only: cost of the current and place where you extract; Kw at 0.05 / 0.07 in a cold place is different from Kw at 0.05 but in a warm, very hot place.
For these two reasons, mining is almost always inconvenient on all the coins already on the market; for the still unknown coins and not yet on the exchanges it can be a good idea.

For the Pos stakeout we talk about 10% a month, but you must have a bag of about 10,000 coins, and you must always be connected.

In a situation where pos and pow is present in a project, i would rather go for the former because of all the known reasons involved in mining that makes it more stressful and less profitable which many already aware of, i think you should yield to the advice of those who suggested pos, especially now that price of the said coin has gone down a bit, just try and have a bag to stake.

$1.18 on a single day with having that 1080ti accurate?If it does then theres no point on mining up this coin.

Signature campaign.It just normal for them to respond on the things that do talks about on the coin they are promoting so better deal with it.

Cryptocurrency selling prices can have very expensive prices because they depend on demand and the development of the platform, when the development is good and has high demand, the price of coins can be expensive than the previous price.

LOL

The reason whattomine was off is because it's not pulling a price from any exchange currently. Just put the price manually into the relevant field and it'll work pretty damn well! ;D

A legendary account that comes out of the blue with a paid signature and avatar after 4 months of inactivity not even knowing how to use whattomine, excuse me for being sarcastic Mr account hacker.

VEIL can be mined via GPU or CPU and thats right you can stake your coins and they have high staking rewards, I'm mining at my RX 580 8gb using wildrig miner for AMD my hash rate is about 12.00 MH/s I mine 2 veil a day  ;)

It's at current price, what if price rises? — sure no one can be sure if it will rise or not but you gotta make your best bet.

Early miners of btc, ethereum, dash, etc made good money by mining, if they would have kept waiting until price rises, then difficulty would have already skyrocketed and mining would not have been as profitable.

I am on lack of words, hope you understand what am saying.

And what if price down? Right now BTC is rising, that`s way alt crypto, including veil are going down. It can be a longtime waiting. But as i said early in this thread - even with such a price mining to sell right now is one of the most profitable.

At current price mining is not profitable but as you know privacy coin has great potential and Veil is promising as best privacy coin without compromise so try it and as price go up you will get good return.

You should not worry about that altcoin will follow bitcoin and it needs more time. Mining is really profitable when it comes to the medium coin or lower. A down after a big pump and that's always happening in the cryptocurrency. Veil needs more good news to create another hype. i still mine veil and i got a few bucks but just used to stake in the network.

I think this info is quite helpful, however would have better loved to know what is the mining rate. Hope the difficulty will not increase if price increases. 

indeed the current veil price is still relatively cheap, but over time I believe the veil will be very expensive because of the influence of the very limited total supply and the effect of increasing demand, even from the development of the veil platform if it is good then it can have an effect on the veil price in exchange.

10% per month is going to be extremely profitable. Are you sure that it is actually 10% per month, and not 10% per year? Because for Deep Onion (a similar coin), the PoS mining reward was 10% per year. If the mining reward is this high, then it can have both positives and negatives. One negative is that the circulating supply can increase quite rapidly every month and this may have a negative impact on the exchange rates.

We know that not all altcoins;

-will hype
-will follow the trend
-will be considered by most miners/investors

Its just a matter of risk management.If you are aware on possible things basing on your insights then go for a shot.Only risk
takers would have that possibility on earning bigtime when market tends to go on what you do expect.

if you want to mine that can give you profit directly, then mining is not a good thing for you because mining all cryptocurrency is now detrimental because the market price of cryptocurrency is still low. maybe if you want mining you can save the coin until the price goes up so you can get a better profit. one of the coins is good for mining

I'd like to participate in veil POS. How many VEILs should be in one's wallet to get at least 1 stake per day?

10k or more. At the price that is now over $2k. If you find 1 block per day, you will need ~200 days to get your investment back. Subject to the preservation of this price. Or less if the price goes up. Or eternity if the price falls. :D

Veil Staking - https://docs.google.com/spreadsheets/d/10iN-d6NRX4u5WzNi4lO0S3Ef7euwyuvRv0TANjLPp1E/edit#gid=558845196

As follows from the table, you need 14555 coins to get 1 block per day.
But keep in mind that over time you will need more and more coins to get 1 block per day.

Profit from Mining veil depends on the tools used as high end rolls will likely produce high end result.  Maximise profit i will suggest you  use a good cpu for minning and try to do most of your mining when price of veil is low, you can mine more veil tokens at the point.  Your electricity bills should be put into cognizance to determine if you are actually making profit

Do not be afraid of the price of the veil at this time, indeed the price is still declining, so now the opportunity to have veil,
Maybe now many are holding or mining, and many are still starting, if the time is right they will issue, with time