Bitcoin Forum

the Veil Project amongst its other uses can be mined as it has a double approach more of an hybrid setup as it combines both Proof of work mining and proof of stake mining. if you want to get started with mining, the following are the major pools and mining softwares to use and their links.

mining softwares
 
 Suprminer (NVIDIA) - https://veilmine.com/
CryptoDredge (NVIDIA) - https://github.com/technobyl/CryptoDredge/releases
T-Rex (NVIDIA) - https://github.com/trexminer/T-Rex/releases
Wildrig (AMD) - https://github.com/andru-kun/wildrig-multi/releases/

Mining pools
Veilmine   --- https://veilmine.com/
Suprnova -- https://veil.suprnova.cc/index.php?page=gettingstarted
 
Block explorers
Mainnet — https://explorer.veil-project.com/
Testnet — https://testnet.veil-project.com/

For those who have mined or still mining,  let's share experiences

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

for now I am interested in veil mining with the zerocoin feature due to the public nature of the blockchain, users have their compromised privacy while interacting with the network.

One of the trends crypto for mining is veil that's why more and more people are now using the staking and mining. So excited how the price movement go up.  ;D

Is this now a thread for shilling coins? I thought this was more for hardware and mining software discussing

Ok marked. Jokes aside, don't be so early — being in crypto space for a while I have seen many projects who seemed like 'the next big thing' but guess what many of those projects are dead today.

ps: nothing against veil (myself wearing veil signature lol), just sharing my experience.

I just started mining Veil the last night. Is there any calculator which I can use to check out the future profits?

Thanks

Yup brother...studio1one

I haven't seen any kind of calculator mining VEIL at time.

I hope the developer as soon as possible (ASAP) to well at whattomine or another sub-calculator we know the core-team is very working hard development to grow this project including communities for the future. my pleasure VEIL project will bring a good name that some miners will glance at it.

perhaps this can help all of us about the calculator only VEIL Coin as the Staking PoS

Calculator for Veil there. I've already used it for calculations.
Here is where I saw this calculator: https://www.coincalculators.io/coin.aspx?crypto=veil-mining-calculator

Why?

Indeed, computing power is now improving. I hope that the VEIL project team will do better every day, plan the route, and perhaps more people will participate in the encryption field.

First...person to respond without a 'Veil' shill signature. Whatever else this project is, it's got a marketing strategy....

It's for shilling since they have bounty for bct forum, you can see profiles with veil signature shitposting everywhere.Funny how they forget to mention what shitshow pos activation was and that devs and people close to them collected most of the blocks

This thread is about Veil - Which you can mine and stake.

It's an exciting project getting back to the core of CryptoCurrencies which is privacy.
- No premine or ICO
- Not some shit-token running ERC20
- It has it's own blockchain, wallet, mining protocol, zerocoin implementation...

"devs and people close to them collected most of the blocks" - That is impossible.

There is a current circulating supply of ~12million. After the 1st year there will be ~52 Million. So even if the Dev team collected the majority of current blocks - It's only like 1/5 of the supply after a year.

Fair Launch, No Ico, and minable is what has me very attracted to this project...

Thanks for sharing the calculator. If everything goes right I should be able to mine a pretty good amount of coins in a month.

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

What's with the negativity?
You know you can simply ignore the marketing stuff and simply focus on the product.
Regardless of the signature/logo, OP made a good guide. 

Thank you for sharing the calculator link. By now it is easier to calculate and to start mine a huge amount of coins, hopefully. I really trust veil project and only a few months we will see it in the top 100 of the coinmarketcap

No need to even quote those obvious trolls. I have been following the project from pre ann and rarely i can say that i am proud to wear a sig like now.

I am now mine Veil and very pleased. I recommend the pool "coinblockers". I like it more than suprnova.

Suprnova is good because you can start mining once you set up an account, and can then sort out your personal wallet a little bit later.

Most other pools you need a personal address right away or else you can't start mining.

I think one of the best coins to mine to day i hope they will release calculator for profit in mining veil token, its better to mine now while the difficulty is still low ;)

Suprnova has all the hashing right now so you can hit blocks consistently.
I've been trying out veilmine also. Both are set up the same way

I am thinking about giving solo mining a try using my secondary miner any idea which ports should I redirect my miner too.
Thanks

Im up, veil will dominate the market trends. No ico projects is damm good, i read their whitepaper before wearing the signature code. I participated because i want to promote the project to ny fellow user here in the forum. Setup to mind this coin and stake is staed on their website. And i prefer to do this with high speed gpu so everything will be easy, not laptops sir. It should be waste of electricity

No ICO established a lot of trust to the Veil. It reminds people the early days of bitcoin and how bitcoin was started. No premines means the developers are not greedy, they are not willing to control the coin circulation and they're trustworthy.

Ok, I guess VeilMine.com isn't working for the past day... Anyone else mining on that site?

I sure hope that site wasn't set up to scam and steal mined tokens cause I have a small amount still there I was planning to transfer once I gathered a larger amount.

any idea how much veil tokens can be mined in a rx 580 8gb,  I hope their is a bench mark for it

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.

Please be aware that people are also shilling due to the bounty program: DYR


https://bitcointalk.org/index.php?topic=5125073.0



"Help Veil reach a global audience by posting about us on a wide variety of cryptocurrency related forums, article, or videos!

Rewards allocation: 17,000 veil in month 1 and then 12,750 veil from month 2 onwards.


Terms and Conditions

We will not reward low-quality posts that appear to be spamming. Posts must be genuinely insightful, constructive, and of high-quality.
Posts made on forums or commenting on related articles and videos will be considered for entry. If commenting on an article or video, the comment must be made on relevant articles
or videos with high viewership to help spread the word about Veil. We will not accept posts made on irrelevant videos/articles that are completely unrelated to Veil or cryptocurrency.
Posts must be made on any large cryptocurrency forum. A brief list is available below, but any large cryptocurrency forum is fine:
https://bitcoingarden.org/forum/index.php?board=3.0
https://cryptocurrencytalk.com/
https://www.altcoinstalks.com/
https://forum.bitcoin.com/
Posts must be related to Veil.
We reserve the right to allocate additional stakes to users produce outstanding-quality content. This includes producing posts with high viewership, engagement, creativity,
or posted by a high profile user on the respective forum/video/article.
Posting the same post on several different forums is allowed. However, simply repeating the same post on a single forum is not. We are looking to achieve high-quality advertising for the project.
Any post or user thought to be violating this purpose will be rejected.
A minimum of 4 and a maximum of 10 posts per week will be accepted per user.
Low-quality posts will be denied from rewards. We do not promote spamming.


Reward Levels

Low-quality posts: 0 stakes
Medium-quality posts: 2 stakes
High-quality posts: 4 stakes
Extraordinary-quality posts: 5+ stakes (discretional)"

The only x16rt miner for AMD is WildRig. On RX580 8GB you will get ~13-14MH/s, that is 2-3 coins per day. Of course, you need to check GPU, as this is only an approximate calculation. Maybe you will get higher speed and more coins.

And it never occurred to me that the veil could be mine amd gpu. Thanks for the advice. Now I will try to run.

Veil seems to be the black in the privacy space and I feel it would make sense to hold some coins, many of these Altcoins would die but the privacy space have huge potential to grow, so expect Veil to take advantage of this and as the community get bigger, the price action should go higher and those mining the coins would profit for this

Cool I am staking 3k Veil and I have to wait for 3-5 days to get a block. But they keep turning into orphan block sometimes.

Man, Its tough to get hands on these Veil coins - You must have gotten in early to be able to pick up 3k...

I'm slowly accumulating each day - finally broke the 1k mark and awaiting my first staked block. Hopefully my slow buying will continue to work out without a massive price increase, although the price is slowly rising.

How did you split your zerocoin denominations? are you doing 1k or 100 amounts? I'm deciding if I should combine all my 10s and 100s into a single 1k denom.

I at first glance at the Veil project, indeed this project is specifically for miner enthusiasts, and I'm sure this project will be a big project, maybe you should try this veil project, and there's no harm in trying, maybe this project can come to your advantage.

Whats with the bullshit stats... cryto calculater say my 12 1070 gpu rig will gather around 29 veil coins in a day, but after after 24 hours i've mined a total of 13 veil coins.  i guess back to ravencoin

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

It seems to me that many miners will switch to the project Veil. Firstly, it develops very well 10 exchanges, secondly, anonymity. So you can safely mine and withdraw money.

The only thing that confuses me in this project which is very cool is a wallet. Developers need to fix bugs as soon as possible. Sometimes the wallet does not open sometimes the synchronization does not go. This is unacceptable.

Compared to the previous version, which was released somewhere in early January, the progress in the wallet is very good - the interface has been fixed and many features have become comfortable.

The last thing you want is actually to stake coins on exchange.
Countless exchanges have been hacked over the years. You should NOT keep coins on exchange, and even less stake them there.

Remember: not your keys, not your coins.

Good to hear that I am not the only one that has problems from time to time with the wallet. But I guess we have to keep in mind that Veil is still a very young project. It's just normal that these kind of problems might appear.

Wrong there is no ICO but there is a premine, the founder gets 10% of all coins as well as premine via superblock every month
bad research and info dude

Still, compared to other projects right now it is nothing.

They are asking millions of dollars and even after getting that they hold the %40-45 to themselves :) Veil didn't ask any funds and i think %10 is fair.

Hate to bust you bubble I like veil but the founder takes 10 percent devs take another 10 to 15 and then the veil labs also takes another close to 20 percent.

So between the founder , dev fund and dev payments 40 percent of the emission is spoken for leaving the investors to battle for the remaining 60 percent which is actually an ever shrinking price of the pie since 40 percent of emission staking compounds the centralized ownership worse than a pure pow coin.

Veil is no different in emission that other premined coins like eth etc , it’s just hidden better lol

It looks like you must try to check your connection again, i can sync my wallet instantly to the blockchain and i used windows wallet and do you use the same wallet like me too? im not facing any problem at all till this time.

The price will keep on increasing IMO because the difficulty is going up every day but I am happy the price is slowly increasing and not at once. Currently, my denomination is set at 100..

OK. Except your missing the fact that most of these premined coins also raised millions ontop of the ridiculous dev funds.

I don't see how this project could operate without a Dev fund since they raised a huge 0.
Founders need a reason to stay founded and grounded
And Labs is something you can read about.

Project needs money somehow. Do you have a better idea? Maybe they should host an ico  :D

Ok I get what you are saying, they raised no external funds so it’s in thier interest to grow and develop the blockchain software or they can’t cash in.

That makes sense , full disclosure I do support veil although I feel the devs and founder hold too much

You should always keep your wallet open. Or you need to open the wallet once or twice a day and wait for the full synchronization of blocks. Then the wallet will work fine.

The project is very promising.The future belongs to anonymous cryptocurrencies, the demand for which will only grow over time.
As for the wallet,in the next updates I think that the developers will solve this problem.

I'll say, it works fine to me although it was the first time I run it in my computer. The synchronization is indeed need times, but he's run. If I face the problem about wallet doesn't open, I just kill the process through TM and open it again. No big deal, but it does need handling.

same here the synchronization on my window take a very long time. Now are three day still not sync as maybe my connection are slow. i have to wait i guess but overall all is fine just the sync look take forever. i have watch this project for a long time and now is the time to react.

Yeah, it's probably your internet issue because I downloaded the wallet a few days back to my secondary PC and it didn't give me any problem my blockchain was synced at 3-4 go.

For faster wallet synchronization you may try daily blockchain snapshots.
Now it ~ 7Gb.
https://veil.tools/docs/snapshots.html

This project has a lot of shills on this forum, I would be very careful.  Reminds me of all those deeponion shills that were used to create a big pump and dump.  I wouldn't put any considerable amount into this project.

I could never resist a privacy-based cryptocurrency because most of them had given me a pretty decent profit including the deeponion.

Mine veil at

http://vengerspool.net/

not really a big fan of the veilmine site... anyone else know of a different/better pool with more hashpower?

It has a great potential to succeed in the near future,devs and many staff now are working hard to broadcast their project,and here i am too was promoting it because i really trust it.

I wonder if I will be able to mine Veil. I have a gaming laptop with NVIDIA GTX 650. It looks small though but I really wish I can use it to mine.

I understand that Cryptodredge and T-Rex both from NVIDIA are the best chose the are cheap and have an easier operability. I will be saving up to begin my Veil mine Journey with either one of them

before asking to much, this coin is forking from zerocoin? zcash?
so i can use other software and use this tutor too?
https://zcoin.io/guide-on-how-to-mine-zcoin-xzc/

Did you trying using supernova? It could be a good alternative to mine VEIL on.



Trust me bro, you don't wanna mine on a laptop even if it's a gaming laptop I used to mine on my Alienware and mining really messed it up. On top of that, I lost my warranty on the laptop lol.

 Veil is the World best privacy coin and i have read the mining instruction they are well established team and soon they will release more news about mining.The basic aim of the project is privacy without compromise.

With such a GPU, you will get almost nothing from the mining of veil. On the rx550 in half a day I got less than 0.1 veil, the GTX650 is even slower. Although nvidia seems to work better with x16rt. But I think it's pointless to do it on a laptop.

Not sure what you mean by hardfork from the zerocoin, zcash, so I saw they was not about HF with your said brother :)

They took based on 0.17.1 Bitcore version source code and then added the features we needed for Veil. Most features as such RingCT as well VEIL will an implement bulletproofs, dandelion.

For privacy, They have Basecoin and zerocoin are both Veil, but its only zerocoin protocol has the privacy features. Well, the consensus Veil has adoption Hybrid Pow/PoS where do need PoS depending like staking its only base-on zerocoin can stake and PoW Veil to use x16RT algorithm. And then totally With Zerocoin protocol, RingCT, Dandelion, Bulletproofs, and other innovative features, Veil aims to offer the most private and user-friendly digital currency.

we should be able surfing to this page about the Zerocoin protocol (https://en.bitcoinwiki.org/wiki/Zerocoin#Zerocoin_protocol/) also you can see GitHub source (https://github.com/Veil-Project/) and more open discussing need here ANN Bitcointalk (https://bitcointalk.org/index.php?topic=5065331.0/)

Alas, in today's reality, mining on a laptop does not make any sense. even on top or gaming laptops. Income from mining will not be able to compensate the cost of repairing equipment.

List of all pools - https://miningpoolstats.stream/veil

Mining Calculator Veil - https://www.coincalculators.io/coin.aspx?crypto=veil-mining-calculator

I have a question, RX 480 8Gb hashrate  only 8 mh/s, driver 18.5.2, 1200 gpu, memory 2100, Win7, wildrig 0.15.03

The problem is what could be such a low hashrate? On other algorithms, the normal hashrate.

The problem is that wildrig is not optimized enough for x16rt. Maybe in the next versions there will be improvements. But there are no other AMD miners for x16rt. You can test different parameters. Perhaps you can increase the speed. Here man wrote that receives on rx480 8gb 13mh/s on veil: https://bitcointalk.org/index.php?topic=5023676.msg50550290#msg50550290

I think it would be helpful if miners spread out their mining power across a couple pools.

Right now - Suprnova has all the hashing power  :-\

I've been using veilmine with small hashing but blocks can take days.
I'm kindof wanting a pool with more than 3g/s which would probably hit a few blocks a day - if anyone knows a good pool let me know

Sprnova is easy enough to use. Plus you can mine first without needing to set up the wallet straight away.

Actually when Veil first launched they didn't have their wallet ready, so the approach of Sprnova to have an account that you can use and later withdrawal to a wallet ended up working out really well, as you could still start mining.

Eventually they wallet got sorted, and the hashpower distributed out a little bit - but most is still clinging to Sprnova probably out of habit.

You have said it all. Veil is just unique while its team is extraordinary. It is certainly the only cryptocurrency offering both privacy and anonymity which then keeps it at an edge over other privacy cryptocurrencies. I believe these Mining pools will be efficient as I trust the team is highly experienced. Am about studying them to know the best fit.

Veil project seems to be gaining momentum recently and I am not surprise by this, if the team and the community can sustain  this momentum this would be great for the project.  Those betting on this project would be greatly rewarded in future

Unique and profitable project to me
Already gain 15% profit since last time I check and will be good choice for miner too, I think veil can be good choice to mine and invest.

It will not be long for Veil to hit the 1 $ mark, the community is growing very fast. I am staking a few.

It's the community that looks very stable. We want to see the roadmap play out while staking our bags...

Those betting on this project would be greatly rewarded in future

I already put my prediction in of top100 within 1year. Willing to take bets too - as the current situation puts Veil at around 500rank on cmc.

Now all power only on suprnova:
Pool Hash: 319,381.77 MH/s
Net Hash: 319,381.77 MH/s
All go to large pools, in the end it is more profitable. Many coins have the same situation.
Although it is not very good for decentralization.

Yes, the price is increasing because with the progress they are doing in the background, not only you there are many people working for this project because the team behind this project is very serious about the things to develop what they mentioned in the roadmap.

People don't give a damn about decentralization.
Everyone wants a profit here and now. I think over time, a couple of pools will control 99% of the total mining power in this project.

10k sat in May, easy.

I'm mining Veil on Zergpool. There is about 10-20 Gh/s. One block apx every hour. Fee is 0,5%, so join this pool to increase decentralisation of Veil blockchain.

I looked at Zergpool: there 23 blocks in 24 hours. Hashrate ~13 Gh/s. That is ~0.086 veil/1MH/day. Then it's the same as on Suprnova.

This coin has a huge potential in the market I am not into mining using GPU anymore but I can always go back with Veil, to get Veil I joined their bounty campaign, I want to acquire this token to where I am good at, and this is from the signature campaign.

I beleive in this coin. They have good team with experience that's why Veil has advantages of Monero and PivX. Over the past 30 days, the price of Veil increased by more than 140% (today it's about 0.4 dollars per coin). For those who need, there is Russian review of Veil: https://www.cryptoprofi.info/?p=2826.

Suprnova used to have 90% of the hash - it's down to about 50% now. Still too high if you ask me, but a lot better than it used to be.
There's a few pools out there, folks. You don't have to pick the biggest. You get as many coins if you use any other one with decent hashrate. Actually, you'll probably get more if you pick one with a lower fee.

I noticed the hashing rate has increased quite a bit, yet suprnova is on top. Feel free to recommend a pool if you like it.

I'm mining Veil on Zergpool. There is about 10-20 Gh/s. One block apx every hour. Fee is 0,5%, so join this pool to increase decentralisation of Veil blockchain.
[/quote]

I think I might try this Zergpool and send a few miners that way. Thanks

Is the profit of Veil mining better than other coins? I do not speak about the perspectives, just now

My Veil per day has halved in 1 month..

Diff shooting up, Jump aboard now or be left behind with scraps in a few weeks/months when diff goes x4

I can't say a lot about that because you must try to tell us how much hashrate you can get and the electricity cost in your country. It's much better to provide more details about that

https://whattomine.com/coins/286-veil-x16rt

That link will bring you to the veil mining calculators but i can't say that will 100% accurate.

None of the calcs are very accurate tbh, I think they struggle to calc POS blocks too, not sure.

All calc estimate I will receive 15-20% more per day than I actually do, regardless of diff. Calcs haven't ever been accurate for this coin.

Veil is a complete project because it provides opportunities to generate profits for both miners and traders. we can see the volume in  Vinex Exchange, the veil has a lot of volumes.

Yes, the mutual consciousness of the community is small. And this we ourselves complicate life. In this case, the mining power will be concentrated in pools that will have control, charge for the opportunity to be online. This applies not only to the Veil.

With what you mine Vail? Is it better to invest in some good mining card or to buy vail and stake it? As someone new what should be better option for me? Thanks in advance for any answer.

It’s too late to buy gear to mine now, the time for that was back in February
Your best bet now is to buy coins on vinex and earn extra coins though stakes

and has risen pretty well this few days, 14% up within few days is very impressive, i am currently hodling one other privacy token (soon to be coin) if they succeed in lunching their mainnet in quarter 3, but i like veil more because firstly, the supply is way smaller compare to that one, secondly, you can mine or stake veil, while the other one can not be mined, plus the wallet looks great although syncing all block is no joke ;D

I mean is it more profitable to mine then foe ex. Etherium or Monero? It does not matter what the hashrate is

It is a hard question to answer.

Because if veil price rise in the short term that would bring higher difficulty and less veil for mining. But if you buy right now enough veil you can make a good profit with veil. But on the other hand price can drop and things can be the opposite.

does anybody knows what is base mining price at the moment using a service like mining rig rentals?

Well stakes and investing are something I`m already doing, but I wanted to know about mining too.


You never know with crypto, that`s what you wish to say? :)
This is very interesting project, I like it cause this is only the beginning and they already made something interesting. It`s nice to be involved from beginning and give support, we will see what will happen.

It's very tough to figure out - But I have been using MRR quite a bit lately. These past couple days have been great for the price jump and mining - except the network has exploded this last week about 50%. So I can't really say renting rigs will be profitable for the long run- but right now it's cheaper than buying from exchange.

MRR is good and used to rent rigs there but if you ask me renting rigs are not much profitable these days unless you get extremely lucky and get into the coin really early for which I rarely get a chance.

I think that the benefit will be small and think a lot like you that this is a game for the future grow. But a lot depends on the price increase. It even grows in dollars in such a market and likely that we will see 1$ very soon.

Definitely. Veil project is designed for use in the future, when he will have a lot more supporters than now.
At the moment we have a unique opportunity to earn tokens than to buy later at exorbitant prices.

There was a lot of considerations and we must aware about that. Mining rig rental is not profitable anymore. Have you seen the latest research about that and how even the people that mining with their own rig is not getting profit?

Rather than use MRR and to buy a single GPU is much better.

Is anyone using T-rex miner to mine Veil on Zergpool???  If so, what is you command line since Zerg requires a "C=veil" and that is not a T-rex miner prompt.

::)

Yeah that doesn't work!

I just learned about this project but it seems quite interesting because, in addition to mining, this project can also do staking only for mining whether the resulting hash rate is still very profitable or normal?

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?

It happens often. By the way, I take it you mean veil mining? does suprminer support x16rt for AMD GPU? Since I only used wildrig, and wanted to check another app. Although it is possible you have nvidia... For AMD found only one miner...

If it is not difficult, then post your results here after checking.
In general, of course, this project causes a lot of interest. Until he finds the best variant of stacking and it’s not quite clear which machine is better for mining.
One thing is good, the complexity of the network is growing and therefore the price will also grow too. Something similar I previously observed in rvn.

The price of a coin is growing almost every day. Accordingly, the profitability of mining is growing. I think that many will be interested in the extraction of this coin. The prospects for the Veil are huge!

yes the veil project will be large and success, besides that this coin can be mined. so who wants to mine this coin, maybe this can be a good opportunity because this coin is still new and also the price of this coin continues to rise

So, I read on Github about suprminer. That's not really my thing. It is not optimized for x16rt on AMD at all. This miner turns out to be primarily for nvidia. For AMD, I need to select the optimal parameters myself. Better then will remain on wildrig. Or even better would be to purchase a veil and to mine POS. It is possible that next month the price should drop slightly.

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.

Absolutely more and more people using veil staking and mining and that's why the price of veil is increasing day by day. I think in near future more people will join in this project.

Because veil is promoted by many people and more people are interested about this project. I'm also currently mining this coin which I think this project has a good future.
This coin is gaining popularity but after the recent price drop yesterday the price also drop but I'm sure the price will increase again.

They are doing a very active marketing campaign right now and have a very low market cap. So it is very normal that the price is increasing.

Veil is one of the best new coins to mine and invest nowadays. It is private, high-tech and without premine. Without ICO, it has been listed on several exchanges and already at the coinmarketcap.Very low total supply and high probability of strong growth in the near future. Im very bullish regarding this coin.

I would suggest you to use a different miner to mine on AMD GPU because I think I read somewhere that suprminer is not good for solving x16rt on AMD devices (I could be wrong).

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

Yes, mining Veil is now one of the most profitable. For those people who make money on mining, I think it will not be difficult to acquire 10,000 coins for a daily reward. Furthermore, this project shows good price dynamics and has a good potential.

POS staking is much more interesting for me as well. I don't really want to get myself a mining rig and also the electricity costs in my country wouldn't make mining profitable, I guess. So I am glad that they also allow staking, it's just way easier to set-up.

It depends on your mining rig to that much coin every day, but if you have proper mining rig getting that amount is feasible. This coin is one of the PoW hype since Jan, let just hope the miner won't dump it first before the bull run.

Oh veil project is really getting more popular right now, glad to see that! But for solo miner (like me) the rewards is getting less and less.. Sad story, i would have started mining it earlier,...

Veil is becoming more popular every day. I think that in half a year the complexity of the extraction of this coin will be very high. Now it makes sense to get this coin as the prospect is simply huge!

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?

Yeah I also heard that veil is a very good and protensial for POS mining and I decided to buy 10k veil for staking. Hopefully it will be very profitable for me.

Well since everyone and their mother are using this thread to increase their post count for the VEIL bounty campaign, why shouldn't I too, and just add another useless post to the 7 pages of spam? Thanks! Buy VEIL!

this project is very good with their features that have extraordinarily great privacy and also features zerocoin and also the strength of their community which is quite good so that it would be possible for the veil project to have great potential in the future

Well, You could just create another thread for the rest of us to work with  ;)

It's not all spam tho. Lots of discussion about mining pools and staking going on in here too!

By the way - Since I mentioned staking - I just staked my 2nd block today! Now i'm getting a block each 8days  :o

I was mining Veil on Zergpool but they have some problems with stability. Is there some other reliable pool with multialgo switching?

Sure, the VEIL project is really catching huge attention in this forum and i think it is because the PIVX team is behind the development and growth of this project. A friend of mine actually let me in into this information and i hope this project really comes out providing the uncompromising privacy that it boasts off.

Anyone else having mining performance issues.  Using suprnova and bwod pools to mine veil, I'm only getting roughly 16-18 veil coins per day using the t-rex miner software.  Where as mining calculators are saying with my hashrate I should be receiving 24 coins per day.  I have a 12 gpu rig consisting of 11 1070 and 1 1070ti.  Any thoughts?

I learnt that Veil's design is quite structured to make Mining easier. A friend mining with Nvidia 1660s and 1660tis which they are mainstream Gaming GPUs has confirmed the good returns it offers

How much your friend can get the hashrate power for your each 1660 and 1660 ti? i wanna try to create a comparison with my own and i hope you can give me a little insight about how much that. Veil is the next major privacy coin and it has a huge potential.

There are mining pools, but i have not found any info about staking pools. Currently i can't buy the minimum 10k of Veil coins that is need for a successful staking, in order to receive to receive stakes daily. I can afford less, let's say 3-4k for the moment. So, i have a question: is there any staking pool where i can enter with a less amount, but receive stakes more frequently?

I have started mining Veil with my RX 580 and its making good hash i use wildrig and easy to use  :)

No there is no staking pools. There will be according to the roadmap, or somewhere it says they will be adding that feature. Or off-line staking?

In anycase - if you have 3-4k you will stake a block like 2x per week. That's some decent action. Or are you concerned about keeping your wallet running 24/7?   

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're right. I know that with a balance of 13,000 VEILs coins, you can receive 50 VEILs coins daily. This is a great chance to earn coins.

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.

this can be a good parable, when you have a veil capital for staking then it can get a very fast profit or at least the return on capital (ROI) of capital you use, the calculation of the 13,000 veil of your capital, if the income from staking remains stable every day get 50 veils then you only need 260 days to return the capital you use for staking.

Note: This can work according to the above calculation if it is staking stable, if the results of staking are greater than this then this is your luck.

It reminds me of monero. What makes me regret is that I missed MONERO's best time to dig. Veil has great value in the future, not far away. I have already started mining it.

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. 

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.

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.  :)

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.

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.

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.

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. ;D

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 (https://messari.io/asset/veil)

https://i.postimg.cc/LXfVtmSb/Messari-News-Pricing-and-Research.png (https://messari.io/asset/veil)

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.

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.

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?

12K veil at this current market price of $0.37 will cost $4445.68 :o 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 ;D, it will be hard to buy then.

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.

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?  :o

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.     

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

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

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).

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

Veil is the next-big thing, gradually getting noticed. The deal with mining is that most persons are not able to identify coins with huge potential right on time. I don't think it will be difficult for veil to surpass the 1$ mark in a short time. The hybrid consensus (POS/POW) gives it both fairness in distribution and security.

There are no masternodes, you open the wallet and start staking, the more coins you have the more blocks you get.


Yes that is right but as more and more people stake that requirement will likely increase.

Very low supply only 14 million, I'm thinking this will be the next big thing after Monero, I'd like to ask do we really have 12 million existing supply if this is true, then mining and staking will only get 2 million and how long will this last, I'm thinking of staking after I got my bounty rewards, will just add more so I can reach the staking requirements.

No masternode. And 10k coins is not a requirement for POS, it's just a recommendation to find blocks more often. You can start and with 100 coins, only the block will have to wait a month or longer.

Really the supply of this coin is very low which they have strong developments which will really help the coin to increase its price even higher value. Staking will give much profit if we can manage to hold more than 10,000k but now at the current situation of the price it is very expensive already.

I think everything will work out and the possibility of stacking will be, the price will be corrected soon.
More and more people will learn about the project, so hype is increasing.

Is there an issue with the newest  1.0.3.0 Veil wallet download for window?? Im attempting set up but it gives unknown time to sync to blockchain, then closes out after about an hour.  So it won't allow me to use the address for mining.

Present your wallet issues in the veil official telegram chat, the admins are very responsive am sure they will give you a guide to work this through, the veil wallet syncing is a bit of a pain i would say but good thing the devs are very helpful.

Wow such a huge debate and discussion going on here. I knew veil project had a lot of possibilities but never knew this thread will generate lots of comments and replies. Highly impressive. Let's keep the discussion going. It's also better if we can have practical experiences of those involved in staking veil apart from the o we posted to help us improve our mining capabilities.

Do you need to open your pc 7/24 or if you open it time to time, it is resuming where it stopped before. 10k veil is huge and i don't like to open my pc 7/24 so that is why i am asking :)

In order to get a stake, you must keep your wallet qt open otherwise the coins won't stake. I got two PCs at home that way I can alternate the machines so that it can get some rest and function at best capacity.

when you use a PC just to open the wallet every day without being shut down it will make the electricity you spend on your PC will be a lot, it looks like you have to use another device that has cheap electricity costs and can open the wallet every day.

Oh really, i thought we can close the wallet and it will automatically adjust the balance which we are maintaining in the wallet. So we should always open the wallets for staking the Veil coins in order to get the staking rewards.

As far as i know POS works similar to the masternode and you must have to make sure you are opening your wallet. I guess POS system means if the hashpower has already distributed to each coin that can be used to taking in the network. Most of the people are using VPS.

You better download VEIL daily snapshots. Then the synchronization will be completed much faster. Also, if a new version of the wallet gets stuck or turns off, you should just turn it on again. Also, any questions about the wallet you will be answered in discord.

Who else can share real information about the income from PoS mining?
As far as I know, PoW mining will only work until the end of the year.

The income from POS mining is unknown and the earning is depending on the total coin that you stake on the network or staking wallet. The calculator can't predict it. You can calculate it after you know how much you wanna staking it to the POS network.

You can make a reasonable guess though...  Right now - about 13k Veil will stake a block a day.
So, 1,300 will do a block every 10days or 3 a month. Thats 150 veil from 1,300 a month.
Or about 11%.

But in order to keep up with staking your going to have to hold more coins. Which I think the emission is higher than 11%/month right now.

%11 monthly is a great number. And this won't be available for a long time.

I should put a second pc just for staking. I don't want to miss this.

Different pc with different wallet, right? I read in telegram chat that same wallet on different PCs will cause issues.

I didn't get stake rewards in 13 days I am staking 3k Veils anyone facing the same issue? Or difficulty went up a lot last couple of days? Actually, I did receive a block but that turned to be an orphan.

Thank you very much for the answer, I was confused by posts here, finally I understand it.
It seems like a good ROI, but remember that bigger ROIs could mean bigger dumps because people most likely will selling their profits.  :(

I think you can ask directly in the telegram veil project group: https://t.me/VEILProject so that your case can be solved quickly, maybe some admins are not too active to see this forum so I think it's the best solution.

Definitely not facing the same problems. I'm staking 1,500 and got 2 blocks in 3days just recently.
I'm pretty sure lots of people were having issues with the new wallet and many coins were off-line so the past week should have been pretty good for anyone staking.
Actually, I talked to others who basically confirmed this. I got 2blocks, another guy with 5k picked up 4blocks in 2days. Another even said he got 2blocks within an hour.

Have you updated the wallet to the 1.0.3 version? Then also turn on pre-compute.

Other than that - I can't really recommend much. My computer is trash and stakes like a champ.

Since I don't have mining equipment yet, trying to raise fund to jointly set up one with a long time crypto partner, ever since our first mining rig project failed because of fraudulent builder, we have been actively involved in trading and teaching others about crypto. Once my Veil wallet is done synchronizing, I will have to participate in Proof-Of-Stakes (pos). The Proof-Of-Work (pow) mining may be started later by my team.

Did they mention anything about how long it is going to continue to get 11% on a monthly basis because people who are holding more than 10k will be making most of the coin through this staking?

I wasn't aware of that. Different pc with the same wallet i was thinking. But i will only open on wallet at a time. I think if something cause issues that should be simultaneously open same wallet on different pc. Still, will ask just to be sure in telegram.

Why don't you shill your coin in official thread instead shitposting here in mining section?And all that for less than 150$ a month, in case you don't know here is the official thread
https://bitcointalk.org/index.php?topic=5065331.0

Nope, I was using the old version of the wallet hence I was missing out on the stakes reward just updated my wallet to the newest version lets see if I will get the stakes more frequently or not.

I recently discovered the Veil project, I bought a quantity of them and I also joined the signature campaign here.
I believe that 11% a month from the POS is quite high if what other users say is true, I will do my tests and check in person.

Regarding mining, does anyone have any table to calculate Roi with the different cards on the market?

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.

As you can see we are discussing here mainly about mining and staking, so there is a sense to post about this topic here in mining section.
Secondly, many of Veil promoters believe in this project which is pretty cool, so they do not see 150USD per month but a opportunity for much bigger profit.  ;)

In my own opinion, i think it's better to use the funds to buy more veils for shaking rather than set up a mining rig with mining difficulties and huge electricity bills to settle,
when you calculate the amount you will spend on acquiring good mining equipment, and your electricity cost monthly, it will be more profitable to buy veil and stake to earn good rewards, pos don't need much capital, except you have free source of electricity.

The difficulty is going up like crazy last couple of days my mining returns dropped to half of what I was getting before lol. Thinking of switching pool did any you guys mined on veilmine before?

What pool are/were you on?

150USD per month? for that, what was the amount we need to spend in order to buy the coins because many people have some positive opinion towards this project and even hero members are showing a lot of interest towards this project for the promotions.

It's painful we see more and more small Veil's playmobils on this forum, they speak to say nothing, it's unbearable. I guess they are paid for the number of posts they do with the Veil logo?
it would be necessary to do some cleaning it does not look like a free forum but a forum of doggies Veil. And just for that I hate this project and I would not see what it is.
Shame on those who get fucked for a little money.

Why are you so mad? This is an online forum - a place where people communicate. If you do not like what other people say, this does not mean that they are stupid or bad.

Sure and it totally don't matter that one of the condition to getting paid is that post in official thread don't count in number of post required weekly ;D During the golden age of signature bounties on this forum when you could get 1k$ a month people at least had the decency to shitpost in threads that were created for it instead spamming mining section

Yeah, I do agree with this statement "They speak to say nothing" and Yes it is unbearable.

I don't know how many threads I created where the vast majority of responses are non-sense, worthless comments in order to increase post counts.
But, what do you do? That's how this forum operates and how marketing schemes play out.

Still - When you notice a large portion of higher ranking users holding the banner - It does say something about the project.
Lots of support out there finding interest in Veil.

Yes on this point you're right, it works, and as any project that works is that there is a demand. But I'm afraid it distorts the forum because it takes an incredible magnitude.
I mean, when I see a post with this fucking logo it stings my eyes, there are too many!
Is it bitcoin.com or veil.com? i don't know now.

I'm probably too old and I do not understand new habits, but for me it's untimely publicity.
It literally steals my eyes :)

I am still mining on suprnova. BTW there are only two pools for VEIL coin right? Found a whole list of mining pools for VEIL :)

But on the other hand, I am getting good rewards on supernova today started mining a couple of hours back and I already earned 20 VEILs.

Could be true. Could also mean that the stakes provided to higher ranking members are over the top. You see hero/legendary accounts who have never received any merit with the veil signature posting about nothing. Not sure they would make me more interested in the project if I wasn't into it already!

I support and mine veil. Also the bounty managers for the campaign are very professional and seem to actually check for spam posts.

I am also most interested in the success of the project Veil. Although I have few coins, it seems to me that this project will revolutionize the world of anonymous cryptocurrencies!

I actually took time to look into many of those links and details before joining the veil bounty and having seen how strict and serious the bounty managers are gave me much confidence. I have not started yet with the veil mining but I have a firm believe in this project as it will likely be topping the chart in the shortest possible time.

Ha I mean maybe but there are a lot of anonymous cryptocurrencies out there.

Have a look at veil for sure, but also checkout projects like Monero, Zcash, Horizen, Zcoin and all the other older privacy focused coins out there.

It is possible that it will belong in the top of the most popular crypto,by the way thanks too for the calculator now its not hard to calculate the rewards that you could get in pos coin such like a veil.

Veil is the first crypto that allows us, the holders to exclusively stake anonymously and it has a unique process that im sure it will get more and urge more investor.

If you are planing of mining Veil coin then this is the right time because the project is still young and has not caught the attention of the experts yet so its quit profitable at this stage.

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.

Many people are buying the coins in the exchange for staking because they have allocated a few amounts of the coin every month. Through bounty, you will get very less amount but if you manage to buy more coins it is good to stake and you make a decent profit on your holdings.

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.

I think it will be profitable to mine Veil with POS. The fact is that the potony is great. Using the latest technology, the price of a coin may be higher than its competitors in the future.

Its really profitable and worth to mine and it has a high chance to be recognize as the best POS token,by the way what is veil? Veil is the first coin that allows its holders to exclusively stake anonymously.
For more info visit here: https://veil-project.com

Well some people claim that future of mining is PoS, why would ethereum go PoS if it`s not like that? Less energy needed, thus you need to buy coin and stake it, every other way of "mining" include buying some GPU`s or asics which can be expensive, than you need to pay for electricity to run machines after which you get some coins, with PoS you directly buy coins and stake them in some official wallet. I`m for staking over the mining, and to be honest maybe its too late for buying some equipment.

I doubt whatever you are going to earn from bounty will give any good reward when you stake it, you should flip back some page's of the thread where some members state the number of veil to be stake to give a reward daily, veil need about 10k plus to get daily reward, so you probably wanna pick up some to add to whatever will be your bounty reward to get good result.

Why does it need a 'professional mindset'!? It's easier to switch from trading to staking and also there is no risk whatsoever unlike trading.

 ..And much easier - read a couple of articles, tune in and start :)
In trading, there are a lot more pitfalls, nerves and chances to get a decrease in investment.

It is never too late to start mining but you have to worry about the roi rather; if you don't have energy at low cost, under $ 0.08 a Kw, you will hardly be able to make a profit from your investment, especially if you start from 0.

As you rightly said POS is the future in the crypto, more just and fair, clean, efficient.

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.

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.

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.

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?

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.

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

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.

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.

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.

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.

Thank you very much :) BTW by hard cap you mean the total supply of VEIL that is mentioned on CMC right?

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.

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.

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.  8)

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.

the not recommended way could be using an exchange wallet
but you could also try to get a better bandwith.

For now, keep downloading the chain either by blockchain snapshots (https://veil.tools/docs/snapshots.html) or through the wallet because according to their website they might soon release Veil wallet for smartphones.

The ability to synchronize the blockchain using a snapshot is a great opportunity. I myself have used these several times already. It is really very convenient!

this can be good news and I think this will have an effect on the movement of veil prices because when there are developments that can trigger veil demand to be higher then it will make the price of veils expensive and of course the veils will be used by many people for transactions.

A lightweight wallet for mobile platforms is a great solution. The main thing that everything was checked in advance and safely.
And most importantly, the developers understand that if already now the download is so long it is scary to think what will happen after. Without snapshots it will be possible to load month. The solution to this problem should be at the very top of what needs to be done.

What kind of retarded comment is this - are you high??

Why are you wearing the Veil Signature when your so clueless... You are either confusing people, or just increasing your post count with garbage spam... Seriously - stop thinking and speaking - It's embarrassing.

The Total supply you see on CMC will increase a whole bunch more.
What do you think Mining and Staking does?

In fact, the Supply of mining and staking emissions by the end of this year will bring the supply over 50mill.

"because if the existing total supply increases then surely this will have a detrimental effect" <- Satoshi Face Palm

People like you... and a HERO member at that... ::)

Many thanks for the link, but my download failed. The snapshot file is some 8.8 GB and currently I don't have enough bandwidth to download this much data. Looks like I am left with few options. I will try downloading the full wallet. Hopefully within the next 4-5 days I will be able to complete this task. Looking forward to the release of Veil android wallet.

If possible buy a data(bandwidth) booster pack that will allow you to download the full blockchain snapshot at one go. This would help you a lot because sometimes the wallet just stops syncing.

I am very grateful to the developers for making it possible to download a blockchain snapshot. This simplifies the process of synchronizing the wallet.

I read somewhere in the ANN thread that it is possible to create the snapshots on our own. So once I am able to download the full wallet, I will try creating a snapshot. I don't mind if it takes a few days. Because I have zero coins in my wallet, and unless I have 10,000 VEIL, I can't mine any of these coins using the PoW algorithm. Please correct me, if I was wrong.

I have been at POS for a long time. I haven't dug one yet. I don't know if there is an error. Do other people have the same situation as me? Looking forward to the explanation.

What could be the best mining software here. I am looking for something cheap, durable. I understand CryptoDredge and T-Rex are the best but I can still use some more advice
 

The coins in the wallet are for POS. It makes no sense to take a snapshot of the blockchain for yourself. Why do you need a snapshot when your wallet is already synced at this block height?

How many of you is staking Veil? With how much should I start? Any suggestions? Recommendations, I`m ready to get into it, but I would like to hear some informations from the first hand? I will appreciate all info you give me!

As soon as I get first VEIL tokens from the generous bounty campaign, I will start staking my coins. Good way how to get passive income and wait for the wider adoption.  8)

VEIL has really made an astonishing and outstanding name in the crypto ecosystem ever since they came into the game. In fact, I really respect this project based on the fact that they conducted no ICO, IEO but they gained community attention. That's what we call "love" for a project. I like the staking feature very much! You don't normally get privacy and staking mixed up, but Veil has provided that :).

What made you say that? You don't require any number of coins for mining Veil using PoW. All you require is a hash power.

Also no need to create a snapshot of the blockchain because the official team members are doing it already and frequently.

I think that you misunderstood me. I was thinking about creating a snapshot by myself, because I have read that sometimes the wallet can have issues in syncing, during the startup.


I am relatively new to Veil, so please excuse my lack of knowledge.

Yes, it is possible to mine using PoW, but I don't have a GPU and I guess the CPU returns may be extremely low. And my laptop is not a high-end one. And I was thinking about creating a snapshot myself because it was taking too much time to download the snapshots that are shared in the website.

What happens to the price? Why strong fall lately?
Already three times fell in dollars from the peak of the price against the background of the growth of the remaining tokens where there is a small capitalization.

When bitcoin pumps, it mostly hit lower valued coins. Because they have very low trade volume if 1-2 holder wants to switch to bitcoin that hits price hard. Higher volume coins take this hit softer but like veil, if you have low volume, dump is inevitable. But it is temporary. Bitcoin will stop pumping and money will return to alts.

Price drop because right now the payout for bounty campaign. When everyone sells then the price stabilizes. This happens in all projects when the coins are sold by bounty participants.

Veil - Price dump without compromise!
:(

Well, we'll have to hope this ends soon. Compared to other privacy coins (Grin, Beam) Veil had been doing well, price-wise. Now, not so much anymore :P But hey, whatever. Long-term HODL for me.

I am staking veil project's coin and I am very impressed with it . Because the staking reward was better than my expectations! The veil is now in the trending mining coin for sure, it is because maybe everyone was looking for a new privacy coin!

How many coins do you stake? In their official wallet? For how long you are doing that, please share a bit more info about it, if you wish of course. Maybe you like to keep it as a secret, but I would really like to know more informations about veil staking, thanks in advance. Nobody saw my last post in this topic, I`m asking again pretty much the same question.

You need approx 13'000 coins to hit 1 stake a day on average.
1 stake is 50 coins.
You need to have the wallet open 24/7 for this to happen. Go get it on the official website. You know, the one in your signature.

I think after the bounty and give aways price will stabilize and thence commence an upward movement, coins to include staking have a way on maintaining prices as investors tend to hold and therefore reduce sell pressures. Veil is gaining traction and I am just following up the mining details as I wish to have more.

Idk if this price drop was from bounties or not. Lots of alts got decimated.

On the other hand - I also don't see any pump happening anytime soon either.
Simply, there is a low token amount and high emission schedule for the next 2years...

Right now is the time for staking and Hodling and accumulation.
Wait for development to happen, a new updated wallet with Zerocoin fixes.

The time will come, but an overnight success story is unlikely to happen. Long-term bag holding will produce a Lambo, I'm sure of it  ;D

Coinmarketcap is showing 24-hour change of +40% for Veil, when compared to +9% for Bitcoin. And daily volumes are around 20K to 30K (in USD), which is down from approx. 50K that we had two weeks ago.

I don't think that there is any reason to panic. Most of the alts are lagging behind BTC in this bull run so far. And the Bitcoin dominance breached 60% a few hours ago (two months back, it was 50%).

Can anyone help me with the best mining setup to successfully mine veil? What's the least mining setup you must have to earn a tangible sum from this project?

I know you can use the veil snapshot to sync your wallet if you are facing any difficulties of some sort in to make wallet syncing more faster, i have no idea individual wallet owners can do that which really sounds good for contingency situations imo, i think it's a good idea to create your own snapshot for backup, you never know when it will be handy.

I see that at this time there is some concern about the relative drop in the price of Veil, however it has not been as significant as has happened with some other alts. In fact, since the beginning of April until now the fall has not been more than 20%, which is quite reasonable in a market where only bitcoin seems to grow meteorically and most alts do it more slowly.

Therefore, we must not be discouraged and we must continue to mine and accumulate, because the history of Veil has just begun and in a short time we will see the results of our investment.

People who are already staking are suggesting to go for a higher amount of coins more than 10,000 in order to get a higher percentage of staking reward. At the current price of Veil is around 0.30$. The investment might be more than 3000$ where you will get 50 Veil per day i think.

For who you have stake Veil, do you know what is the APR for staking this coin? I would to mine some after I got my coin in the bounty.

Thanks for your responses. My wallet is currently about 62% synchronized and it may take another day or two to get it on 100% sync. Once I am able to sync my wallet, I will definitely try to create a snapshot on my own. I guess the tutorials are given in the website. And once I get the wallet on full sync, I will try my luck with PoW mining.

Do you see a 20% drop? Strange you have vision, as the price drop is at least 50%. Why compare it to the beginning of April? Need to to compare with peak prices. According to this logic, you can compare with the period of time when the coin was not at all and the price was 0. Then, instead of falling prices, you will see an increase in prices in an infinite number of %.

Thanks for info Dragonmike! I finally found some free time and I open account on vinex.network, nice exchange, for the first time I bought 500 veils, to test how it goes with new exchange, and with veil transactions. Well soon I will add more veil coins!

I really believe in the team and in the Veil project; this is not one of the many shitcoins on the market.

With a price that is still accessible, you have many alternatives to fill your bags: you can buy in or swap them, and in both cases you can then do staking and increase your Veil!

For @Waiang: always use and synchronize with the snapshot  ;)

Yeah wallet syncing is the draw back am currently facing to tell you the truth, being that i don't really have time to sync it because of work am still far behind, wallet syncing difficulties is why i don't like to hold ADA :( now i see similar case in veil wallet, not an easy wallet to sync,
it should be flexible like some of the good wallets out there, many hunters are using exchange wallet to receive payment because of this, that is my plan B too :(

You can use snapshots (https://veil.tools/docs/snapshots.html), using latest snapshot will decrease sync time to few minutes.

It's still early and I believe as we progress, wallets will become more convenient.

The couple of reason I can think for the sudden price drop is.

1. Bitcoin's sudden price surge which resulted in many people selling their alts.
2. ZeroCoin Vulnerability is showing its impacts on price now.
3. Bounty was just distributed (though it shouldn't have made much difference).

I think the main reason is number 2. Since the price reduction began much earlier than the growth of btc or payments of awards for the bounty campaign. Interestingly, I know a few more new projects that use zerocoin technology, but they hide information about the vulnerability from their community. Like there's no problem.

Yes, there are multiple reasons that the price of Veil coin decreased in the market, now it is the right time for the people who want to stake their coins in wallet better go grab some cheap coin which we can stake them in the wallet for daily rewards.

thanks a lot for this info Dragonmike.

so by these stats can we consider that 500 VEIL will hit a stake, let's say once a month? maybe a bit longer?

About the price dump, actually, veil is holding way better than i expected.

Btc pump crashed every coin and also veil distributed first round of bounty. But loss is very limited and there are more buy orders than first bounty round on vinex.

You may use this calc to determine the number of days for stake: https://docs.google.com/spreadsheets/d/10iN-d6NRX4u5WzNi4lO0S3Ef7euwyuvRv0TANjLPp1E/edit#gid=558845196
Just save as Excel file and enter your balance.

Interestingly, honestly - if Bitcoin didn't start to grow and altcoins fall - how much did the price fall due to the bounty factor? It seems to me that bounty payments affected 40-50% price drop.
I agree that we urgently need to buy tokens :)

Before the bounty distribution, I think the price was around 3500 (I think) and after that, the price went to 2700 so I don't think that's much of a dump caused by bounty distribution.

Yes, you are bounty distribution is not the major cause to decrease its price but i think it is based on the market situation because the price of Both the Ethereum and Bitcoin sudden surge makes the coin to decrease its value.

I am getting really concerned. The exchange rates (versus BTC) are down by more than 50% since the start of the month. although a slight recovery has been observed during the last 2-3 days. There is some other reason to it, as it has been established that bounty distribution is not the culprit (the sharp drops doesn't correspond to the bounty disbursement). Smaller coins are always susceptible to price manipulation, especially when the trading is limited to one or two small exchanges.

It looks like more people are aware of the veil platform and they have started to put their attention to the veil. The volume of veil is increasing a lot. The decrease in its price is not really important as long as there will be more volume has come to buy veil from the market. as long as veil can keep its progress and anything will be fine or even big news will come for anyone who supports veil.
I just try to accumulate more and waiting for the next dipping price of veil and stake it in the network.

You're among the high ranking account holder and I believe you should have understand that some words are not allow in this forum. It just an advice to avoid your account been penalize though for decision is up to you.

The concept which Veil was built on definitely have something to add to the crypto sphere and with this I wont be surprise if it perform more than expectation.

regarding the price, I think bounty hunter doesn't have a big effect. this might have something to do with the price expansion that occurred. unfortunately I monitor the price in the form of $, and I think the current veil price is quite good compared to yesterday.

this concerned of yours was raised in the telegram chat and one of the admins stated that maybe those who are mining the coin are selling aside from some hunters that are also selling, so maybe we can assume that miners are the culprit here, in any case, the price will be up again, i was actually hoping veil will increase in price as most alts has done recently.

Are you guys still mining VEIL? I stopped mining for a little while after that zerocoin vulnerability came to my attention. I am going to start mining again but what to clarify whether the blocks I mine are still anonymous or not?

I've been renting rigs on Miningrigrentals with varied success. Depends on how low people are willing to sell there power.
As for mining blocks being anonymous... Are you solo mining - and if so, how or where are you doing this?

I've thought of trying solo, but not sure how to point miners to my wallet.

at this time I still do mining veils with the stake of coin method that I have even though the results are not too much but I still run it, I think every block still looks anonymous.

You need to have an open port through which runs the daemon (veild). In the miner, enter your IP and this port. I think it's port 58810. It should work.

Yes, Bounty hunters don't sell their coins in the market due to most of the people are showing interest towards the staking. Look at the price of Bitcoin and ETH prices decreased a lot in the market this makes to decrease its value in the market. So we shouldn't bother much about the price in the long term we might see much benefits from this coin.

True, bounty participants be aware that Veil is not currently listed on top exchanges so this project is not popular - as soon as this happen you will see the hype.

Guys, something very long is sync with Veil network, as it should be? And another question, is there any way to speed up this process?

Do you use daily snapshot?
https://veil.tools/docs/snapshots.html
With this snapshot my wallet sync with Veil network fast enough.

What is that???

Wallet don´t go.  ???


https://i.imgur.com/fGEn7ES.jpg

Yesterday I synced for a long time, but every time I went to a block node, I stopped and looked forward to the next version. I hope someone has a complete node and download it for us.

But there was a bug when you have sync it automatically through the client and then it will be stopped. I just try to uninstall and start to install my client and then just replace the data with a new one that has already got from the snapshot folder and that sync automatically.

True, I am one of the bounty hunters and I am not going to sell my veil coins, I want to hold them for a long term. Futhermore, thanks to POS algorithm, I can mine these coins just by leaving my wallet online. Therefore I want to get more veils before the price soars up.

Hey, no I am not mining solo blocks. I was talking about PoS mining, before stakes reward we got were anonymous is that still the case?

How profitable is Veil coin mining today? There are those people here who are really independently engaged in mining this coin or mine using a pool.

Veil is a good project that is one of the mainreasons why i joined bounty i wanna help to spread veil in the forum because i saw this project very promising,this will probably be one the of the biggest ICO this year and will surely hit the top100 chart very fast

How many on average with 10k of a vail can be obtained per month for staking? No one can give information exactly everyone is talking about ranges.
But people wanted the % algorithm to be more simple stable so that the big players know what to expect from the project.

Veil has increased their presence in the crypto sphere alot these last few months it seems
i haven't looked into them yet i admit, just so many projects, so little time
time to do so i think tho, as i need some new solid long term PoS coins in my portfolio
See where this goes in a year or 5! Good Luck to all

If you are mining by renting a rig then it's not profitable right now but if you are mining using your own mega rig then It could be somewhat profitable.

What I am doing is mining and HODLing maybe in the future it could give me a good return.

Guys, thank you all for responding! I'll have to try the daily snapshot. And then I have constant slow loading already tired.

I just installed the latest version of the wallet (1.0.3), before that I had version 1.0.2 and the process was really very slow. But now everything seems fine, it helped me. 

More veil more passive income and also as you said pos is much better than trading i think it was because pos is passive and trading is gambling that without knowing what will happen to your money.

On Friday I tried to install this version of the wallet, did not see a significant increase in speed. Perhaps it is because of the local provider.

Actually both options have their advantages, and it is obvious that a good trader has a potential for profits that neither mining nor staking can offer, but taking into consideration all the potential that Veil has in the medium and long term, the important thing is to continue accumulating this promising crypto no matter what method you choose. Personally, I prefer trading first, mining second, and staking third.

SCAM

https://bitcointalk.org/index.php?topic=178336.msg49640976#msg49640976

I don't understand, their CMs have said multiple times that
their devs are/were affiliated with pivx, what's scammy about it?

Observing how their team works, it does not seen like a scam to me but you never know.

Exactly, people who have their own mining ring will help them to make them some decent profit but people who are taking a rig for a rental will not help them to make a profit because they need to spend a lot of money for renting the rig because i have experienced it previously.

Whether you already have a mining plant, large or small, or if you rent a plant from the most popular and well-known retailers, the extraction of coins is almost never profitable today, except if you have low-cost current, under $ 0.06.

With today's current values and network hashes it is worthwhile to buy Veil, and almost every other coin, directly in the exchanges.

I am trying to install the Veil wallet for the past 3 weeks and it is not yet completed. The rate of progress is like 0.5% per hour and now after almost one month, it is around 89% completed. The most frustrating thing is that sometimes it crashes all of a sudden and then starts from a much earlier point (like 70% or 75%) and then progress at snail's pace.

The problem with the speed in the wallet is very big. It seems to me that if we compare this with a bitcoin wallet and an attempt to load the whole chain, it becomes clear why the community speaks negatively.
Snail like a rocket is obtained compared to the download speed.

Your computer is very slow, mine were doing %4-5 for an hour. Also, you don't need to sync for weeks, just use a snapshot.

Here is the details (where can you find a snapshot and how to use it): https://veil.freshdesk.com/support/solutions/articles/43000478708-how-to-use-a-snapshot

They know about it and pretty sure there will be light wallet in future meanwhile you can use snapshots for faster sync.

To anyone who is having trouble synching wallet:

Why not just use the latest blockchain snapshots that are available on their website? It's much much faster compared to the traditional in-wallet syncing process.

From where I sit... the speed of synch depends on both where you are and IP of nodes connected to your wallet. Would be great to have the full  list of Veil nodes so that one can choose the nearest. For me the full synch (that happened 2 months ago and didn't use the snapshot) took roughly 2 days and that was   more or less satisfactory though I had to  interrupt it (several times) due to CPU overheating.

Maybe your computer is too weak for that. Try then just run veild and use veil-cli. Although I don't think it would help much... Or you have a very slow Internet. Then there's nothing to do.

well the synchronization process feels so slow, and takes a long time. I think this is not a problem of computers or networks. but we have to wait for up to 100%. while waiting for the latest update, I think we have to open this wallet since we turned on the computer that we have.

Need help: I downloaded the latest snapshot, after the wallet loads up the missing blocks - wallet closes. When I re-enable the procedure - is repeated. How to fix?

Yes... my net connection is a bit slow (around 256 KBPS). But now I have achieved 96% sync and therefore I don't want to use a snapshot. I hope that the sync will be completed in one or two days. But this is a big negative for the new users. I am sure that a lot of people who want to install the wallet will find the wallet size too big.

Did you just put snapshot into veil folder? Or did you follow these steps:

"1. Delete all App folder files except wallet.dat, wallets folder, backups folder, and veil.conf
2. Start wallet and allow it to find peers and sync several blocks, then shut it down again
3. Close wallet and use these four snapshot folders in your App folder"

This was from their telegram and when i apply three steps it worked.

VEIL team is quite communicative and open about the project.
I don't understand why you shout out SCAM just beause they work in more than one project.

seems like just cheap FUD for me if you don't argument.

Yes, It's really slow especially in the new the version of the wallet but if you download the snapshot of the blockchain from this link (https://veil.tools/docs/snapshots.html) it will cut down the waiting time at least by half.

"veil is good because it is good"

signed,

bounty hunter  ::) ::) ::)

Use vps, you can get windows vps for under $5 on virmach, use promo codes to get it even more cheaper. This ~$5 will clear your lot of headache. Another advantage would be that you won't have to keep your computer open for staking, thus electricity will also be saved.

Well, so far, I have also seen that the development of veils is so fast, you can even sell these coins in the market that has been provided. I don't know if this looks scam or not, but I think that right now, I don't see that sign. However, i believe in this project. maybe the development of the veils in the future will answer all of that, but I really believe in this project.

The latest news, the Veil privacy agreement framework. Veil's new privacy agreement will be based on the Zerocash protocol and Sonic certification, with excellent scalability. The Zerocoin bug fix will also be implemented soon. This is a good news. The wallet doesn't know when to upgrade.

Cool so they are going to release a new update to the wallet which will restore the anonymous part of the Veil, right?

The development of new privacy protocol based on zcash will take a lot of time (10-12 month).
But bugfix of the Zerocoin protocol and the new wallet should appear soon.

That's good news. So soon will be a new wallet and will be fixed Zerocoin.
Those who are interested to read more: https://veil-project.com/blog/new-veil-protocol/

So the stakes that we earn here by PoS won't still be anonymous for at least for 10-12 months? Am I right here or getting it totally wrong?

So veil developers are creators of pivx? Cool! Where is scam?
Have you ever seen pivx ROI?
Given this fact, I like the veil even more, at the beginning of which joerney I am standing now!

Before switching to the new Protocol, the error will be fixed and privacy will be returned:
"Recognizing the importance of privacy to our original Veil investors and early adopters, the Veil development team has also identified an approach to fix the current Zerocoin attack vectors, and will be releasing an updated wallet soon that restores full anonymity to Veil’s Zerocoin implementation."
https://veil-project.com/blog/new-veil-protocol/

Yes, the person above is spreading FUD about the company, from the beginning the Veil team are very active which they are giving accurate updates to the community and to the supporters and i think at the same time team is working on different other projects.

Finally I was able to completely sync my Veil wallet, but it took me more than two weeks to do this. I don't know how many users will be patient enough to go through this tedious process. So my request to the promoters is to make a lite wallet available for download as soon as possible. That said, once I synced my wallet, everything seems to be perfect.

Unfortunately, I still cannot afford to synchronize my wallet. Just do not have so much time now. Apparently it is necessary to stop the computer turned on for night sync.

I had problems with syncing too! After days of trying I downloaded snapshot and I solved a problem in couple hours. With upgrade I didn`t have problems at all, everything is working fine, even syncing was much faster after upgrade. So if you didn`t, upgrade your wallet to 1.0.3.

Thanks for sharing, this is a good way to solve the synchronization problem, I hope that the project can create a web wallet, so you don't have to worry about it. We are easy to operate.

I already found this instruction, now everything is normal.  Thanks for the tip. Another question is how to make the coins appear in the wallet. They were sent to "bv1...". Can't find step by step instructions

I am alien for this stuff. But can veil be mined by rent a rig or something?

There is no doubt that in these times we must be very cautious when investing our valuable coins, however at present it is very easy to hide in anonymity to throw accusations without support, and without real evidence to give validity to the accusation.

At least in my case, I will continue in my interest for this crypto because it really seems to offer interesting features and at least as a short-term investment well worth trying.

So it's best to still quote that red post, it helps a lot....  ::)

Very bad wallet and every day understand that instead of making it convenient for more people, developers confuse me more and more.
Today, the whole system has broke off and  had to load my wallet again with a new one, but in the end it was 97% stuck and was already hanging there for several hours. I am disappointed.

Never mind the user which was making accusation which no evidence was use to back it up and he also barely do his own finding before throwing punches. However, it maybe the doing for some project owner which sees veil as their competitor.

What is wrong with PivX? They are alive, new updates are being relased. Pivx is listed on biggest exchanges such as Binance, Bittrex. Dont you think that Binance will delist a scam coin?

Anyone having high cpu while staking? Or i am only having this issue.

It is using around %40 of cpu while it is open. And it wasn't that much when i started it or i just realized now.

Yes, So much so that it was freezing my PC for 2-3 seconds at a time until I closed the wallet, Upon a reboot its fine for a few hours then starts hogging down my pc.. This pc is no slouch either..

5930k
32gb ddr4
SSD
etc etc

Can you tell me the speed of your internet connection and the data limit? For me, it consumed almost 15 GB (crashed a couple of times, so took more data than required) and I might have spent at least 48-72 hours in syncing. Another option is to download the snapshot. But you need to remember that even the snapshot is around 8 GB.

As several times has already been suggested the best option is to download the snapshot which is about 8GB, much faster and easier to synchronize, but all this always depends on your internet connection.
We hope that soon we will also have that light mobile wallet!

https://veil.tools/docs/snapshots.html

any info if the team has interest or is working on a web wallet?
that would be great since many are having problemson sync

Light mobile wallet is definitely a good solution  ;) I didn't have the problem, I downloaded the snap and after 15 minutes, the sync was done. after 24h, synchronization takes about 10 minutes.

The wallet still requires serious improvements.
I didn’t find information about web wallet, but I know for sure that wallets for Andoroid and iOS will be in the future.

Yes, you can either use your own mining GPU or rent a mining rig to mine VEIL best place to rest a right MRR 'coz they have a separate section for veil coins.

https://www.miningrigrentals.com/rigs/x16rt

Studio1one do you rent mining rig there? Is it profitable for you? For example first one hashrate 1.50G, minimum renting 12 h (price 0.00340808 btc), maximum 480hrs (price 0.136323 btc), how many veil coins can you mine in that time? My question is, will you get more veil`s by renting a rig or directly buying veil`s with same amount?

There are many people facing issues with the wallets which sometimes it is very hard to sync the wallet even though we follow the procedure what they mentioned. Maybe they need to come up with the web wallet which will help the majority of the members to store the coins in the web wallet.

Very few of the altcoins (outside the top-25 list in coinmarketcap) have the option of web wallet available, and Veil is no exception. I am not denying the fact that the wallet issues remains as one of our most important concerns. But now we need to adjust with what we got. In case you are facing too many issues, just shoot a message in the Telegram group. The admins will help you.

The problem not so many people can download a full blockchain, maybe if someone wanna mine it and that will worth to download it. but when you are only a buyer from the exchange site and that wants to store your coin on the wallet and light wallet should be the only solution. If there will be another wallet to be used on the android or IOS platform will much better.
Im still mining this one right now.

The most likely reason is you have precompute enabled. This is effectively making your CPU pre-computing (as the title says...) the workload for the upcoming stakes at all times, herewith speeding up zerocoin transactions and reducing the chance you'll get orphans at the same time.

If you turn off precompute, your CPU usage will drop.

It's working as intended.

I actually did rent some hash power over there (a 750M one) for 4-5 days and there was not much of a difference than buying VEIL on a market but TBH at the time I rented the rig the difficulty was way too high.

Problems with synchronizing the wallet are only at the initial start. Then if the wallet is synchronized for example once a day, then it works fine.

It's much better to sync the wallet often, than say once a month or so. This is what I do myself and I have had no problems whatsoever when this is done. There is also the file one can download to get up to date.

But still, i am facing problems with Sync, even after downloading and i placed everything that they mentioned but still, my wallet is facing issues which it is not completely synced. What are the other steps i need to follow in order to sync my wallet?

In that case you need to check whether any of the hardware wallets are supporting Veil nor not. Personally, I wouldn't trust any of the exchanges. Also, Veil is being traded in a limited number of exchanges. So personally I wouldn't go for an exchange wallet (previously I had bad experience with some of the exchanges as well). But right now if you don't want to install the full wallet, then you have two options: exchange wallets and hardware wallets.

totally, if opening it at least once a week it's fine.
though a good web wallet could break the barrier for entry for many people.

Yeah, they said if i open precompute i will have a better chance with staking but still, it is using cpu more than i think.

Is there a ratio or number for with and without precompute? Like if you have 10k tokens average 1 day stake with precomputing and without it 1.5 kinds of.

They did say that a lite version of the wallet is in there to do list but right now they are mainly focusing on restoring the full feature of the wallet.

I think I also have a little problem in sync wallet. until now the process is still 57%. well, maybe this is due to a slow internet network. Has anyone been able to overcome this problem? make scync faster?

That is kinda strange, usually if you download the daily snapshot and pasted all the files to the right place and right at the same day, it will usually already synced for minimum of 90%, maybe if the usual guide didnt work for you, try to place the wallet and its files to a standalone folder?
The only way to nake sync faster is through downloading snapshot I guess.

@ivan1975 aside from POS Mining, what other mining device can you recommed for me?

it seems veil will take over and its the next big thing.

The problem with POS mining is that it requires a mandatory minimum of 10,000 coins in your wallet and at current prices it will cost around $2,500. I am right now trying my luck with PoW mining, as I don't have that many coins in my wallet. But you are right about the future potential... We are all hoping that Veil becomes the top anonymous coin sometime soon...

Already 10k coins cost half as much, ~$1300. The price of the coin falls constantly. It is not clear what this is due to.

Well, as always it's due to demand and supply. I have been doing some trading in the last week and ended up with almost twice the amount I initially started with. I am one happy camper  ;)

Today I tried to sync latest version of the wallet on Windows 10. After few hours of downloading blockchain the wallet crashed. After few attempts of starting again I stopped it. Developpers have to improve stability of the wallet.

You should rather download the blockchain they put out there for people to download. Would save you the hours of synching you were doing, much easier and much faster.

Today´s price drop about 30%, do you know what caused a drop? Today wasn´t a bounty distribution, or?
Maybe a last time for cumulating more tokens  :D.

I also have the same issue with the wallet syncing and it definitely not due to the internet but it later finish synchronized. However, I believe that's how the wallet was program just like we have with Bitcoin core full version.

It's not as much as 30% down. At the Vinex exchange it's down some 20%, and at the STEX exchange it's down some 14% since yesterday. Maybe people are anticipating the next round of bounty distribution. Who knows?

Veil needs to be listed on bigger exchanges to bring an attention to this project. Is there any announcement that some big exchange will list Veil?
I know about recent listing on Hubi. But it doesn´t help enough with the attention and trading volume.

For PoS mining the minimum is not 10k AFAIK. Yes, you would need more than 15k VEILs to get a stake daily but you can start PoS mining with just 1k VEIL though you will receive the after a long wait for that.

It is the common mistake crypto people does. We are not seeing much product so the only way for a coin to get more value is listed on a bigger exchange. Like, 0.13$ right now listed on idax 0.20$, listed on kucoin 0.30$, listed on binance and it is 1$. But the product didn't change price only pumped because it listed somewhere else. And it will return to current price because it is the same coin.

We need development, maybe some partners for steadily price grow. Not some listings for quick pumps. And then we can be listed on a better exchange of course for better liquidity.

I agree that first necessary correct errors in the wallet, eliminate vulnerability Zerocoin protocol, and only then think about listing on the bigger exchanges.
Otherwise, listing on new exchanges will not have a positive effect on the price in the long term.

Yes, even after downloading and placing the file i don't see any improvements in Sync, we have been complaining these things from many days but still, the team is not bothering about the changes they need to do, in order improve the synchronization problem.

What actions should be taken to see the coins (which were sent to the address starting with "bv1...") in wallet?

By the way (not sure it was mentioned in here already) but for those interested, CryptoChristopherWalken has released the latest H4SHR8 podcast featuring discussions about Veil. Just figured I'd mention it. Haven't yet listened to it myself but I intend to.

If you have sent coins to your address from the exchange or pool then no action is needed. The coins should be in your wallet. If there is nothing, wait for a while. Maybe your coins are converted to zero so you don't see them.

What errors do you mean? Some software bugs in a wallet or bugs in the blockchain? Because my wallet is working fine, also do not have problem with transactions, for me working product what needs more attention.

He may be talking about the vulnerability that was found in ZeroCoin chain (https://veil-project.com/news/wallet-1-0-3-0/)

But don't worry now because they have temporarily patched the issue in 1.0.3 update but for now, the wallet is not anonymous AFAIK.

The coins were sent to my wallet, but they are not displayed there. That's why I asked this question. If I understand you correctly, then additional manipulations in the wallet are not required?

In the console, see what the getbalances command shows. If the coins are not visible you should ask for help in the discord. There are a lot of commands in a certain order to find coins.

I agree with you. I have collaborated in different projects with an interesting growth potential and many newbies believe that the basis for a certain token or cryptocurrency to reach a high value is to be listed in a recognized or high volume exchange like Binance, which is totally false. And that is why continuously this and all other exchanges have to purge the listed tokens because due to lack of development or loss of interest of investors, they end up becoming failed projects.

 That is why the basis of a real and sustainable growth of any project consists in an adequate development, in satisfying the expectations for which it was created and an important promotion work.

I also agree that first of all we need is changes and specifically - wallet. Now we have to download the entire blockchain and this is a problem. In addition, block headers are not constantly displayed (at least for me) and I need not only open the wallet to update the blocks, but also look for snapshots, download it and check my wallet.
This is often annoying and should change before the project goes public.

Commands are not important firstly, how to rectify the synchronization problem even after placing the latest file the wallet showing as Unknown. Syncing Headers. I have been facing these type from the past one week, keep on downloading the file and placing.

I have enormous fate in Veil project but I have to satisfy with staking right now.

Problems are present if sent from the wallet to full synchronization. You just have to wait until all the blocks are loaded and then you will see everything.
If nothing happened, then it is better to ask the admins in pm with screenshots.

Guys, if I understand correctly - I need to wait for a full synchronization, and no need for other action!?

- downloading entire blockchains: that's never been a problem. Download a snapshot it you want to have it done quicker.
- "before the project goes public": it's been public since Jan 2nd. If you're gonna spam to get your postcount for the bounty, at least make sure you get your facts right.

Veil is indeed a great coin to mine. There have been so many positive reviews about this project and I think every miner should give it a try. Its mining difficulty is very minimal so even new miners can start mining it. And the tools provided in this post too can be of tremendous help. Thanks buddy

I have

Every day i am doing the same thing placing the new file but i am facing the same problem with the synchronization. Even i don't see the coin which is transferred to my wallet, what was the solution to sync my wallet?

Make sure your wallet is fully synched to the blockchain even if you are not mining veil and you must download whole of blockchain to able see your balance on your wallet.
Im always updating my wallet anytime to make it always sync to the blockchain. After you have synched your wallet and your balance will be automatically showed.

Veil database is very big for a relatively new blockchain. I know they are working on the lite wallet but we always need a regular wallet for staking.

So i hope at some point they do something to reduce database size.

anybody else hitting more stakes lately than usual?

Not me, it's been the same since beginning. Not sure if my stake giving my any profit compare with the cost but I will put this staked coin as an investment.

This should be the highest priority goal for further development of the project and for reaching the masses.
I think hardly everyone wants to have a blockchain of 30 gigabytes on their hdd

The developers have already mentioned this problem somewhere. As far as I understand the meaning, it seems that optimization will be made in the future to download only part of the blocks that relate to the transactions of a particular wallet.

Nope, in fact my staking reward frequency has gotten much lower. Which version of the wallet you are currently using to stake the Veil coins?

It seems like a solution for a lite wallet and i know they were working on it. But i don't think people could stake their coins if they use a lite wallet.

For staking, we will always need to download the whole blockchain and it is getting bigger and bigger every day.

Even i am doing the same thing which i am waiting for my wallet completely sync but still, there is no progress but i will keep on downloading the complete sync file. Yes, after complete synchronization only we might see the complete balance like staking profit too.

If you are not interested in moving and selling your coins but simply want to check and see your balance, you can do a very simple operation:
go to the explorer https://explorer.veil-project.com/ and check your address, and make sure there are coins; close and wait for the team to work and fully develop the project.

You don't need to download the blockchain or install who knows what to check your balance in your address

This is something that the users here have been complaining for more than a month now, but as of now no solutions are available. I also have Veil desktop wallet in my laptop, and right now it occupies close to 10 GB hard disk space (can expect a slight growth as the blockchain gets bigger). I have enough space in my laptop so it is not a concern for me. But the case may not be the same for everyone.

it was probably lucky or the precomputing enabled so...
I'm on the latest version
v1.0.3

Instead of complaining about it for a month, users should just have downloaded the snapshot a month ago and got on with it. Wallet version 1.0.3 has been very stable. Much more so than the previous version. Haven't had to re-sync or re-download the chain anymore since.

Complaining isn't because synchronizing taking too long, it is because blockchain is taking too big even it is only 6 months old. 11 gb is the current size and it doesn't change if you download a snapshot or synch yourself from the beginning. Even it is not huge right now, it is getting bigger very early and we are complaining about that.

Yeah I agree for new launched project the blockchain size it too big, this probably because of the zero coin stuff. But the team needs to compress it to make the blockchain size lighter, imagine at this rate how big the blockchain size in 2 years?

You must have got lucky because for me stacking has been a bit slow past few weeks btw how did you enable precomputing in the veil wallet?

It is unlikely to increase rewards unless lots of people suddenly pull out, therefore þe opposite is going to happen with rewards dropping like everyone else is experiencing

\by the growing of the veil users the blockchain will size will be rapidly growing at a really fast pace, some people may think that harddisk will get cheaper overtime though if there's a way to compress the blocks size that'd be great.

Yes, if one person is facing a problem with the Sync nobody will bother but there are many people facing the same problem means there is something glitch in the blockchain. We are seeing many blockchain companies never faced any Sync problem and even the problem is not solved.

when you open the wallet, side by side with the staking button there's a precomputing button, just click the grey area and it'll become blue.
enabled!

Guys, when I download new update, all synchronized datas will remain? Because after few days I am still on 30% due to my slow internet connection.  :(

Absolutely!!! I have been using Veil 1.0.3 for almost a month now, and I haven't faced any issues ever since I was able to sync it 100%. The developers have worked really hard to deliver a stable version that has very few bugs. I have tried some of the commands using the tutorials, and I am very happy with the performance and ease of use.

Ah.. Thank you very much may be this will bring me some luck in the staking.


Yes, all the synchronized data should remain intact. I would still suggest you to download the chain snapshots because they are much faster to download.

yeah,ok. Downloading every time a new snapshot to enter your wallet is somewhat tiring, as for me...
I hope the developers are paying attention to this moment

Here many people are specifying they have already released the new version of the wallet which we are not going to face any wallet issues. So you can check their latest wallet update and start downloading in order to get your staking rewards.

The latest version of Veil is version 1.0.3.0, which was released quite some time back. I am using this version, and so far I have't faced any issue with syncing the wallet or mining. In case you are using an earlier version, then it may be recommended to install the new version. Make sure that the blockchain files are not deleted. Else you may need to download them (~10 GB) once again.

Hi, thank you for the suggestion, but how I can download the chain snapshots?
Veil is relatively new cryptocurrency but blockchain data are quite large   :D.

Hey here (https://veil.tools/docs/snapshots.html) you can find the latest snapshot of the blockchain.



You will only have to download the snapshot once after that the blockchain would sync much easily (If you have enough space on your HDD).

Downloading snapshot is optional though, for people with limited internet access for example is people with expensive cost of data per GB that'd be pain in the ass however snyncing directly also take a lot of time, maybe you could try using some kind of VPS from RELIABLE hoster for sole purpose to host your wallet that'd be convenient but kinda security risking if you don't know how to choose.

Of course, you can download the snapshot but every time the snapshot size kept increasing which almost more than 11GB now, which it might take some time for downloading and if you follow step by step your wallet will sync up to date.

It is a great initiative for Veil to combine both proof of stake and proof of work mining. Most of us didn't like the proof of work because of the high electricity consumption. But now that Veil project is combining it with the proof of stake, i believe more people would be attracted to stake more coins for mining. Thanks for the resources, I'll be starting soon.

Yes, the size of the blockchain is one of the major issues right now because it's not even one year yet and size is already 11GB+ but once you downloaded the snapshot it will hardly take an hour to fully sync to network.

When veil becomes more popular like other lower end privacy coins e.g. xspec, deeponion, the snapshots will put newbies off this project. If it grows like monero then it really needs fixing

well, after I used this version, my wallet again started syncing after using the previous version which didn't develop. well, sync synchronization is still faster, it's just that this may depend on the internet network that I use.

totally agree. Now I just sit and download snapshot - 11.3  GB , it diwnload for almost an hour just to check the balance.
This situation will scare many newbies.

Anybody noticed that the market data link in Blockfolio for Vinex.Network (incidentally the exchange with highest volume to trade VEIL currently) does not work? 1st world problems, pf course, but a bit annoying to have unreliable market data there.

it'd be great to have a web wallet, I know its not the safer option but would be definitely good.

Whether you download snapshot or sync directly, size will be the same, so it does not make a difference in data usage.

AFAIK, The team did say that creating a lite wallet is on their to-do list. But for now, they are focusing more on the current wallet.

Looks like that studio1one was talking about common problem.
Many people complain that it takes a lot of time. Even if you downloaded a snapshot, the synchronization of 1-2% percent may take several hours. Unfortunately, I'm among these lucky ones.

Not only the recent snapshot but also they need to download the new version of the wallet and it will surely increase block maturity speed and in future, we don't see any synchronisation problem any more.

The developers are great. I'm really looking forward to these wallet fixes. Constantly synchronize and download large amounts of data - too boring and  too long.

It would be nice to add automatic downloading snapshot when installing a wallet.
Many questions and complaints would then have disappeared.

Well, this is one of the options that the developers could have enabled. I spent somewhere between 10 GB and 15 GB in downloading the full wallet (may be more). But I don't know how to create a snapshot. So I need to download it again from the website and it is going to cost me another 10 GB. A snapshot is not required in normal instances, but it may come in handy in case your wallet is facing some sync issue.

In normal conditions, synching wallet and downloading snapshot should be the same. But when you try to synch blockchain from start it is having errors (at least mine and many others had that problem ) and that snapshot fixed that. So if they solve the problem with synching from the start, this won't be needed.

It's not just an issue with Veil's client almost all the coins which I start to sync after 6-12 months of the release gave me such problem that's why I decide to always go with the chain snapshots lol.

Yes, syncing from the starts we are getting errors and suddenly the wallets start again the beginning and this makes us things are not working in a proper way. Of course, snap short will solve the problem but to download the file the memory is kept increasing.

They need to solve this problem asap! I had same problem, like many others, I solved that problem with snapshot too. I had problems with missing balance too, solved that problem quickly. Bottom line is that wallet still have some flaws, I hope that team is working hard to solve all of them and that there will be no similar glitches in the future.

Because the blockchain will be saved in your personal computer. If you have experienced with another blockchain like ethereum and it consumes hundreds GB when you wanna download the whole blockchain.
I thought that when it was getting an error and the wallet will reindex the block and you don't need to download what you have downloaded it before.

Maybe they are facing some issues with the wallets, but with the snapshot, the wallets are syncing fully but people are still complaining about there problem. My question is whether we will get staking rewards even though the wallet is not synced completely?

I want to remind all users that if you don't trade, daily or weekly, or staking, you don't need to synchronize your wallet, download the whole chain, make instantaneous pictures, or anything!

Do you believe in the Veil project, in the team and in the roadmap?
Did you buy your veils in the exchange? Well, keep them in your wallet; SAVE EXTREME CAUTION AND MAKE MORE BACK UP your wallet.dat and sleep peacefully!

You can always check the status of your wallet and your Veil by turning on with your address in the Veil explorer  ;)

Not 100% sure but I think if your coin reached the maturity age and you are running wallet 24/7 then you should receive the stakes once you are fully synced to the network.

I had installed the Veil desktop wallet almost two months back (version 1.0.3.0). And these are the issues that I am facing now:

1. Everyday, the wallet sync takes somewhere between 30 minutes and 1 hour, and along with that it consumes a lot of data.
2. Sometimes it crashes during the sync, and when I restart it sync starts from the previous point.
3. The snapshots are not automatically downloaded or created.

I also questioned this on the telegram. they say that you only need to download the snapshot and do the steps they have provided. at this time, I am also still downloading snapshots provided, and it has a size of 11 GB. You can see the procedure here

https://veil.tools/docs/snapshots.html
and
https://veil.freshdesk.com/support/solutions/articles/43000478708-how-to-use-a-snapshot