[ANN] [PoW] [PoS] VEIL - Privacy without compromise

[Mr.Ease]

So, I'm sure plenty of users are staking here...
What is a minimum amount to get a block staked? Or timelines for staking.

Basically - if your staking blocks consistently, how many veil and how long per block?

[VeilDango]

What's the PoS reward plan of Veil. I didn't notice any information related PoS reward. Can someone help me find this out? Would really appreciate.

The reward for winning a stake is 50 Veil. Currently about 50% of blocks are won by miners andd 50% by stakers.

Is it correct information?
I have > 10k. Some coins with 10 denom, some 100 and some 1000.
Better make all Zerocoins to 10000 denom or it doesn't matter?

I suggest minting the highest denoms you can so you reduce how often you need to remint to reduce orphan rate (not successful stakes). I am using mainly 1K's right now, and remint every two weeks or so. After Precompute is implemented, there will be no need to remint.

This is fork zcash?

Veil is based on Bitcoin Core v0.17 and has custom-implemented privacy features.

So, I'm sure plenty of users are staking here...
What is a minimum amount to get a block staked? Or timelines for staking.

Basically - if your staking blocks consistently, how many veil and how long per block?

Right now, you need around 12k Veil to earn one stake a day on average. The amount required for one stake a day on average will keep getting higher as the coin supply increases and more coins are staked.

[marketone]

Just joined the bounty, just wanted to say hi to everyone.  Trying out the wallet as we speak, so far looking good and functional.  I like the graphics, well done

Yes, as of now they are doing according to what they mentioned but things will not be the same always because they didn't list in higher volumes exchanges. Of course, it will take some time to get a reputation for that they need actively give updates about their progress and developments.

[Pon13]

I suggest minting the highest denoms you can so you reduce how often you need to remint to reduce orphan rate (not successful stakes). I am using mainly 1K's right now, and remint every two weeks or so. After Precompute is implemented, there will be no need to remint.

care to explain this a bit? do we have to remint our stakes after a while?

[Biscults]

This coin is not nearly hyped enough here, y'all get off your sh*t coins and get some veil!

[Little Mouse]

Is there any paper wallet for veil? I'm interested to join bounty since it requires quite a lot to have a minimum staling balance.

[Kuchiyose]

Is there any paper wallet for veil? I'm interested to join bounty since it requires quite a lot to have a minimum staling balance.

You should visit this project's bounty thread to find out what you are asking here. in the thread bounty everything will be covered by everything you can do.

[Kasperiko]

What is the minimum number of coins needed for stacking with such PoS Difficulty? And for example, have 1500 project tokens, how can I better distribute them for PoS?
1000-denom and 100-denom*5? Or 100-denom*15? Please devs clarify this point if not difficult.

[Mr.Ease]

I suggest minting the highest denoms you can so you reduce how often you need to remint to reduce orphan rate (not successful stakes). I am using mainly 1K's right now, and remint every two weeks or so. After Precompute is implemented, there will be no need to remint.

care to explain this a bit? do we have to remint our stakes after a while?

How does one easily remint?

Are you talking about sending ZeroCoin to myself? And, I thought it didn't matter the transaction size because coin-age doesn't matter. I was under the impression that all coins stake the same regardless of transaction size

[VeilDango]

care to explain this a bit? do we have to remint our stakes after a while?

Lower denoms (10, 100) have less chance per denom to win a stake, so they can get really old and then take a very long time to spend. This can cause higher orphaned stake rate.

If you go for higher denoms (1,000, 10,000), they have higher chance per denom to win a stake, so they will be reminted more regularly, reducing/removing the need for reminting.

1k may benefit from a remint every 1-2 weeeks. 10k probably does not need to be reminted at all, maybe just remint the oldest one(s) every few weeks at most.

[VeilDango]

Is there any paper wallet for veil? I'm interested to join bounty since it requires quite a lot to have a minimum staling balance.

There was work being done on a Paper Wallet, but I am not sure it is working properly, and would rather not have bounty hunters be its testers. You don't need to stake, you can just download the Veil wallet app, run it, and generate a Basecoin address for use in the bounty program.

To generate a Basecoin address, go to Settings icon > Advanced Options > Console tab and enter: getnewbasecoinaddress

What is the minimum number of coins needed for stacking with such PoS Difficulty? And for example, have 1500 project tokens, how can I better distribute them for PoS?
1000-denom and 100-denom*5? Or 100-denom*15? Please devs clarify this point if not difficult.

You can stake with 10 coins, which is the minimum required to mint a 10 Zerocoin denomination in Veil.

If you have 1,500 project tokens, you should make 1x 1,000 denomination, and 5x 100 denomination.

How does one easily remint?

Are you talking about sending ZeroCoin to myself? And, I thought it didn't matter the transaction size because coin-age doesn't matter. I was under the impression that all coins stake the same regardless of transaction size

You can remint by first going to Settings icon > Advanced Options > Console tab and sending yourself funds from your Basecoin, CT, and RingCT balances to consolidate all your coins.
Then go Settings icon > Zerocoin Minting and type in the amount you want to mint and hit MINT (and also check Use Basecoin if minting from Basecoin balance).

Here are the commands for sending yourself funds from different coin types: https://bitcointalk.org/index.php?topic=5125073#post_isend

[pinpins]

 
 You can mine Veil at  autoexchange mining pool Zergpool.com at 0.5% fee. Please use following commands for different mining options
 
 Option 1 Auto coin switch by profitability within algorithm with payment to wallet

Code:

 -o stratum+tcp://veil.mine.zergpool.com:3686 -u <YOURBTCWALLET> -p c=BTC 

 Option 2 Direct coin mining to coin wallet

Code:

 -o stratum+tcp://veil.mine.zergpool.com:3686 -u <YOURVEILWALLET> -p c=VEIL,mc=VEIL

 Option 3 Direct coin mining with autoexchange to specified coin wallet

Code:

 -o stratum+tcp://veil.mine.zergpool.com:3686 -u <YOURBTCWALLET> -p c=BTC,mc=VEIL

 Please note mc stands for mining coin symbol, c stand for payout coin symbol
 
 Autoexchange to BTC, LTC, DASH or any other currency we mine
 Happy mining,
  cheers pinpin

[Pon13]

I suggest minting the highest denoms you can so you reduce how often you need to remint to reduce orphan rate (not successful stakes). I am using mainly 1K's right now, and remint every two weeks or so. After Precompute is implemented, there will be no need to remint.

care to explain this a bit? do we have to remint our stakes after a while?

How does one easily remint?

Are you talking about sending ZeroCoin to myself? And, I thought it didn't matter the transaction size because coin-age doesn't matter. I was under the impression that all coins stake the same regardless of transaction size

yes you convert all back to basecoin and then remint.

Thanks a lot for the info VeilDango, it was super explanatory. Cheers !

[Kasperiko]

You can stake with 10 coins, which is the minimum required to mint a 10 Zerocoin denomination in Veil.

If you have 1,500 project tokens, you should make 1x 1,000 denomination, and 5x 100 denomination.

Just wanted to have a calculator it is not clear what is better profitable by staking chance.
From this table - https://docs.google.com/spreadsheets/d/10iN-d6NRX4u5WzNi4lO0S3Ef7euwyuvRv0TANjLPp1E/edit#gid=558845196 In % if have 1500 veils it is better to divide them by 15*100 than 1*1000 + 5*100 

[l3pox]

I suggest minting the highest denoms you can so you reduce how often you need to remint to reduce orphan rate (not successful stakes). I am using mainly 1K's right now, and remint every two weeks or so. After Precompute is implemented, there will be no need to remint.

care to explain this a bit? do we have to remint our stakes after a while?

How does one easily remint?

Are you talking about sending ZeroCoin to myself? And, I thought it didn't matter the transaction size because coin-age doesn't matter. I was under the impression that all coins stake the same regardless of transaction size

yes you convert all back to basecoin and then remint.

Thanks a lot for the info VeilDango, it was super explanatory. Cheers !

just keep in mind that when sending coins to yourself it may take a while with the wallet "not answering", don't close it, just wait.
some people report it takes more than 20 hours sometimes...

[sockpuppet1911]

You can stake with 10 coins, which is the minimum required to mint a 10 Zerocoin denomination in Veil.

If you have 1,500 project tokens, you should make 1x 1,000 denomination, and 5x 100 denomination.

Just wanted to have a calculator it is not clear what is better profitable by staking chance.
From this table - https://docs.google.com/spreadsheets/d/10iN-d6NRX4u5WzNi4lO0S3Ef7euwyuvRv0TANjLPp1E/edit#gid=558845196 In % if have 1500 veils it is better to divide them by 15*100 than 1*1000 + 5*100  

Thanks, that's exactly what i was looking for. I needed something like this for planning ahead on how much i am going to buy. This seems to be a community with great attitude.

[VeilDango]

Veil is now listed on CITEX, a digital asset trading platform registered in South Korea supporting Korean won deposit channels.

Veil deposits are now live and VEIL/BTC and VEIL/ETH trading markets will open at 9 AM GMT.

https://www.citex.co.kr/

CITEX is also giving away 1,000 Veil to 10 lucky winners. Contest ends in 72 hours. Learn more here: https://twitter.com/Citexofficial/status/1116598613226835968


DISCLAIMER: Third-party services are not endorsed by the Veil team and are provided for informational purposes only.

[maximumcoin]

The total daily volume of CITEX has been not too high, but it is a good start for CITEX and VEIL partnership.
Moreover, I think it might be good for CITEX and VEIL if the exchange can integrate more trading pairs later weeks or months. More trading pairs, might help traders feel that the exchange is convenient to use, and trade, so they might join more to trade on CITEX.

[CLywaTeLb]

The total daily volume of CITEX has been not too high, but it is a good start for CITEX and VEIL partnership.
Moreover, I think it might be good for CITEX and VEIL if the exchange can integrate more trading pairs later weeks or months. More trading pairs, might help traders feel that the exchange is convenient to use, and trade, so they might join more to trade on CITEX.

In varying degrees, this applies to all exchanges that are traded VEIL. I can buy a coin only for BTC. If I do not have BTC, it is difficult to convert from other cryptocurrencies, including ETH. The liquidity of these exchanges is negligible.

This coin is a complete scam, anyone buying this shit WILL LOSE MONEY.

Without proof, this is the dog's wail.

[lunobird]

Which Fork is Veil most associated with? Pivx? Zcoin?

Also who are the people working on Veil and which previous projects they worked on?

I like the fact that the founder worked on Pivx.

How much coins do i need to stake to get regular payouts?