the Veil Project Mining- Privacy without Compromise

[superstarbtc]

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!

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.

[CryptoLing]

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.

[Wayan_Pedjeng]

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.

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.

[viljy]

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.

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 %.

[iv4n]

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.

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!

[kronos123]

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 

[Anonylz]

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.

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.

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

[libert19]

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.

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.

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.

[studio1one]

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.

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).

[viljy]

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.

[superstarbtc]

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.

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).

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.

[l3pox]

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.

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!

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?

[||bit]

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.

[ivan1975]

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.

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!

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?

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.

[nightl]

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.

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).

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.

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

[studio1one]

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.

[superstarbtc]

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.

[Wayan_Pedjeng]

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.

[JeffBrad12]

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.

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.

[hulla]

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!

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.

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.

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.