the Veil Project Mining- Privacy without Compromise

[profitgenerator212]

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

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
 

[viljy]

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 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.

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?

[iv4n]

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!

[asder250]

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. 

[huhhuh18]

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 .

[studio1one]

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.

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.

[Wayan_Pedjeng]

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?

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.

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 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.

[Kasperiko]

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.

[||bit]

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.

[viljy]

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.

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.

[dragonmike]

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.

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 But hey, whatever. Long-term HODL for me.

[kickdapa]

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!

[iv4n]

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.

[dragonmike]

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.

[Iykecollinz]

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.

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.

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.

[Mr.Ease]

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.

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.

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 

[Wayan_Pedjeng]

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 But hey, whatever. Long-term HODL for me.

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%).

[Romeoetin]

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?

[Anonylz]

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?

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.

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 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.

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.

[Pagri]

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.