Hi,
I'm new to Cloak and crypto's in general. I've downloaded the wallet and tried using the cloak faucet to generate some mcloack but the site refuses to pay out the amount that I have accumulated. Can anyone help?
Thanks
the faucet depends on donations. once it is filled it is spammed. It's better to buy a 100 Cloak or whatever amount you wish for instead of wasting time for 0.01 Cloak from the faucet. Staking is much more profitibale |
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How to mine this coin ?
I couldnt find any pool.
You cannot mine CLOAK. It's POS. Go to an exchange, bittrex.com livecoin.net litebit.eu and buy your coins there. then transfer them into your wallet and let them stake there. if you hold 1000 cloak for cloak they will eanr you an interest of 6% ( in this case 60 Cloak). you can hold any amount in your wallet and you 'll be rewarded with 6% yearly if you do not spend them. additional you have the chance to earn fees from anon transactions on top of the stake rewards. |
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Is this coin POS or POW?
POS |
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Hello, when is the code source release coming you think ?
in September ..... |
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who can explain to me what is good in this coin? I do not understand just why she gave so good growth over the past six months
What is good here? Well basically the trustless anonymity because we do not use masternodes. Any wallet with a positive balance is a full node. Besides the anonymity through the Enigma Engine you will earn 6% rewards p.a. for holding CLOAK in your wallet, and you do not need to buy expensive mininghardware, or have 1000++ coins in your wallet to be able to stake or earn Enigma rewards. You can do that with any laptop or even a raspi. That saves you a lot of power costs, too. If the market wants to see cloak-prices in the mid xx regions or more then a few Cloak staking rewards are qite a lot in fiat! Already now at current prices the staking rewards a fine. 6% per year? And how much money does it take? 6% on the coins you hold in your wallet for 1 year. example: 10000 CLOAK => 6% => 600 CLOAK p.a. 1000 CLOAK => 6% => 60 CLOAK p.a. 100 CLOAK => 6% => 6 CLOAK p.a. and so on .... any amount  So all I need to do is keeping cloak in my wallet (Bittrex wallet is okay right?) then wait for 1 year to get 6%? Or 6% will be split to monthly interest? Exchange wallets, Paper wallets and android wallets DO NOT STAKE! You have to transfer your coins to your desktop wallet or a running daemon.
If you keep your wallet online 24/7 you will stake many small amounts. If you switch on your wallet once a week you get that share for a week at once. After staking you may send all your coins to another address in our local wallet to combine them into 1 Block. That will increase your weight at next time staking. How to do this without new wallet? Just new receive adress and sending all to that? yes create new address for receiving coins. that's it. then you have 2 different addresses in your wallet. |
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who can explain to me what is good in this coin? I do not understand just why she gave so good growth over the past six months
What is good here? Well basically the trustless anonymity because we do not use masternodes. Any wallet with a positive balance is a full node. Besides the anonymity through the Enigma Engine you will earn 6% rewards p.a. for holding CLOAK in your wallet, and you do not need to buy expensive mininghardware, or have 1000++ coins in your wallet to be able to stake or earn Enigma rewards. You can do that with any laptop or even a raspi. That saves you a lot of power costs, too. If the market wants to see cloak-prices in the mid xx regions or more then a few Cloak staking rewards are qite a lot in fiat! Already now at current prices the staking rewards a fine. 6% per year? And how much money does it take? 6% on the coins you hold in your wallet for 1 year. example: 10000 CLOAK => 6% => 600 CLOAK p.a. 1000 CLOAK => 6% => 60 CLOAK p.a. 100 CLOAK => 6% => 6 CLOAK p.a. and so on .... any amount So all I need to do is keeping cloak in my wallet (Bittrex wallet is okay right?) then wait for 1 year to get 6%? Or 6% will be split to monthly interest? Exchange wallets, Paper wallets and android wallets DO NOT STAKE! You have to transfer your coins to your desktop wallet or a running daemon.
If you keep your wallet online 24/7 you will stake many small amounts. If you switch on your wallet once a week you get that share for a week at once. After staking you may send all your coins to another address in our local wallet to combine them into 1 Block. That will increase your weight at next time staking. |
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who can explain to me what is good in this coin? I do not understand just why she gave so good growth over the past six months
What is good here? Well basically the trustless anonymity because we do not use masternodes. Any wallet with a positive balance is a full node. Besides the anonymity through the Enigma Engine you will earn 6% rewards p.a. for holding CLOAK in your wallet, and you do not need to buy expensive mininghardware, or have 1000++ coins in your wallet to be able to stake or earn Enigma rewards. You can do that with any laptop or even a raspi. That saves you a lot of power costs, too. If the market wants to see cloak-prices in the mid xx regions or more then a few Cloak staking rewards are qite a lot in fiat! Already now at current prices the staking rewards a fine. 6% per year? And how much money does it take? 6% on the coins you hold in your wallet for 1 year. example: 10000 CLOAK => 6% => 600 CLOAK p.a. 1000 CLOAK => 6% => 60 CLOAK p.a. 100 CLOAK => 6% => 6 CLOAK p.a. and so on .... any amount |
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Is there a way to download the blockchain data without using the auto loader. it keeps stalling and I am just burning up data here.
https://www.cloakcoin.com/en/downloads.htmlDownload the Blockchain there and unpack it into the cloakcoin folder in %appdata%Roaming/Cloakcoin on windows machines. |
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CLOAK The Sleeping Bull woke up today!
The double bottom (with two significant lows at 85k sat. and a high at 235k sat.) has been activated today. The target for the double bottom is 390k sat. Activating the double bottom can also be the start for the expected rally
which could lead us to about 1M sat. or 1.4M sat.
High chance for the long awaited rally, price corrections are expected to be flat.
Important price levels and targets
Strong Support: 85k sat.
Resistance: 345k sat. 550k sat.
Target: 1M sat. (0.01 BTC / CLOAK) 1.4M sat.
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CLOAK The Sleeping Bull woke up today!
The double bottom (with two significant lows at 85k sat. and a high at 235k sat.) has been activated today. The target for the double bottom is 390k sat. Activating the double bottom can also be the start for the expected rally
which could lead us to about 1M sat. or 1.4M sat.
High chance for the long awaited rally, price corrections are expected to be flat.
Important price levels and targets
Strong Support: 85k sat.
Resistance: 345k sat. 550k sat.
Target: 1M sat. (0.01 BTC / CLOAK) 1.4M sat.
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hi, is cloack still close source?
Open source will happen this month! |
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For staking this coin I have two questions.
1. Is it better to split the funds for staking into smaller amounts to increase chances, if so what size?
2. I had read somewhere to send the funds one you have staked to another address. this is new to me is this correct?
Thank you.
Better to keep in one wallet and then move it to a different wallet every 30 or so days. I learned this recently, Yogi goes into more details about this a few pages back on this thread. Thanks man I'll take a look, must of missed it when looking through the forum. I have searched the forum and cannot find info on this. I hate to be a bother but I have a few questions I cannot find the answers to and am hoping the Cloak community can welcome me with some help. First, right now I hold about 170 Cloak and I am staking with no results. Currently, I have about 5-7 deposits between 20-30 coins as I have read with other coins it is better to break up the coins to improve chances of reward. Should I just send my self the whole lump sum to stake or leave it the way I have it? The second question, in setting "Enigma reserve balance %" does this option affect staking. Third I have 5 failed requests for enigma cloaking. Is this normal? Do I need to be around to approve the request? Thank you in advance. It's best to transfer all your CLOAK to one address. This will increase your weight. Do this after each time or after some stakings. You will earn 6% p.a. for 170 CLOAK that equals 10 Cloak pa or 0,028 Cloak / day. You compete with many other wallets and some wallets may contain several thousand coins. You will get 6% but it needs some time. Enigma reserve balance may not affect staking. The failed requests are nothing to worry about. Currently we have hardly any enigma TX on the network as almost nobody uses this feature (Why not? it's the anon engine to make your TX private!) Feel free to join out chat at chat.cloakcoin.com there is always someone around and u get answers much quicker than here |
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CLOAK The Sleeping Bull
We consolidated the last rallies and the chart shows as a falling wedge in the daily time frame. The strong support level at 85k sat. seems to hold and we can see a possible double bottom forming there. The double bottom would be activated with a high above 235k sat. The target for the double bottom is 400k sat. Activating the double bottom can also be the start for the expected rally
which could lead us to about 1M sat. or 1.4M sat.
It's still time to accumulate now. Buy the dips!
Important price levels and targets
Strong Support: 85k sat.
Resistance: 345k sat. 550k sat.
Target: 1M sat. (0.01 BTC / CLOAK) 1.4M sat.
Nothing more to say ... ignition!! I quote myself again. This analysis is still valid! Double bottom activated!  |
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who can explain to me what is good in this coin? I do not understand just why she gave so good growth over the past six months
What is good here? Well basically the trustless anonymity because we do not use masternodes. Any wallet with a positive balance is a full node. Besides the anonymity through the Enigma Engine you will earn 6% rewards p.a. for holding CLOAK in your wallet, and you do not need to buy expensive mininghardware, or have 1000++ coins in your wallet to be able to stake or earn Enigma rewards. You can do that with any laptop or even a raspi. That saves you a lot of power costs, too. If the market wants to see cloak-prices in the mid xx regions or more then a few Cloak staking rewards are qite a lot in fiat! Already now at current prices the staking rewards a fine. |
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Patience is the key to success  |
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CLOAK The Sleeping Bull
We consolidated the last rallies and the chart shows as a falling wedge in the daily time frame. The strong support level at 85k sat. seems to hold and we can see a possible double bottom forming there. The double bottom would be activated with a high above 235k sat. The target for the double bottom is 400k sat. Activating the double bottom can also be the start for the expected rally
which could lead us to about 1M sat. or 1.4M sat.
It's still time to accumulate now. Buy the dips!
Important price levels and targets
Strong Support: 85k sat.
Resistance: 345k sat. 550k sat.
Target: 1M sat. (0.01 BTC / CLOAK) 1.4M sat.
Nothing more to say ... ignition!! |
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why am i always late to the party, a lot of money was just made in the past month. damn damn damn damn
You are not late, it's just the beginning |
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