Mr.Ease
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April 10, 2019, 04:19:49 AM |
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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?
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~ Too Many Scams, Schemes, and Shitcoins... ~
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VeilDango (OP)
Copper Member
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Activity: 212
Merit: 153
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April 10, 2019, 04:54:16 AM |
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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.
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marketone
Legendary
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Activity: 1302
Merit: 1000
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April 10, 2019, 05:27:42 AM |
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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.
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Pon13
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April 10, 2019, 06:21:02 AM |
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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?
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Bill Hicks was right about....everything
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Biscults
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April 10, 2019, 10:56:52 AM |
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This coin is not nearly hyped enough here, y'all get off your sh*t coins and get some veil!
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Little Mouse
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Merit: 2240
Marketing Campaign Manager |Telegram ID- @LT_Mouse
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April 10, 2019, 01:32:01 PM |
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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.
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Kuchiyose
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April 10, 2019, 02:24:34 PM |
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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.
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Kasperiko
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April 10, 2019, 03:40:49 PM |
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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.
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Mr.Ease
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April 10, 2019, 04:55:18 PM |
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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
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~ Too Many Scams, Schemes, and Shitcoins... ~
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VeilDango (OP)
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Activity: 212
Merit: 153
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April 11, 2019, 02:43:08 AM |
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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.
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VeilDango (OP)
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April 11, 2019, 02:50:18 AM |
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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
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pinpins
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April 11, 2019, 04:52:47 AM |
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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 -o stratum+tcp://veil.mine.zergpool.com:3686 -u <YOURBTCWALLET> -p c=BTC Option 2 Direct coin mining to coin wallet -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 -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
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Pon13
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April 11, 2019, 05:57:07 AM |
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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 !
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Bill Hicks was right about....everything
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l3pox
Legendary
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Activity: 2688
Merit: 1170
There's no need to be upset
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April 11, 2019, 04:53:49 PM |
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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...
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[/tabl
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sockpuppet1911
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April 11, 2019, 06:43:29 PM |
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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.
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VeilDango (OP)
Copper Member
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Activity: 212
Merit: 153
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April 12, 2019, 08:18:02 AM |
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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.
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maximumcoin
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April 12, 2019, 10:52:34 PM |
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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.
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CLywaTeLb
Full Member
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Activity: 770
Merit: 101
send and receive money instantly, no hidden costs
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April 13, 2019, 04:43:35 PM |
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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.
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lunobird
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April 13, 2019, 06:40:30 PM Last edit: April 13, 2019, 07:13:51 PM by lunobird |
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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?
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