the Veil Project Mining- Privacy without Compromise

[sirohige]

I have been thinking about switching to a different miner. Right now using suprminer.

While mining is it possible that two different miner software can give us two different results? I mean is it possible that one miner will give us slower speed compared to another?

Instead of mining can we stake the coin in their wallet will it help us to make some decent profit or not? What was the percentage they allocated to the people who are holding the coins in the wallets?

Yes, you can definitely stake VEIL and make a decent profit but you will need to start with over 10k VEILs (even more now) in order to get a stake daily. I am still staking around 3k VEIL but now I am getting a reward every 5-7 days

Do you need to open your pc 7/24 or if you open it time to time, it is resuming where it stopped before. 10k veil is huge and i don't like to open my pc 7/24 so that is why i am asking

In order to get a stake, you must keep your wallet qt open otherwise the coins won't stake. I got two PCs at home that way I can alternate the machines so that it can get some rest and function at best capacity.

when you use a PC just to open the wallet every day without being shut down it will make the electricity you spend on your PC will be a lot, it looks like you have to use another device that has cheap electricity costs and can open the wallet every day.

[superstarbtc]

I have been thinking about switching to a different miner. Right now using suprminer.

While mining is it possible that two different miner software can give us two different results? I mean is it possible that one miner will give us slower speed compared to another?

Instead of mining can we stake the coin in their wallet will it help us to make some decent profit or not? What was the percentage they allocated to the people who are holding the coins in the wallets?

Yes, you can definitely stake VEIL and make a decent profit but you will need to start with over 10k VEILs (even more now) in order to get a stake daily. I am still staking around 3k VEIL but now I am getting a reward every 5-7 days

Do you need to open your pc 7/24 or if you open it time to time, it is resuming where it stopped before. 10k veil is huge and i don't like to open my pc 7/24 so that is why i am asking

In order to get a stake, you must keep your wallet qt open otherwise the coins won't stake. I got two PCs at home that way I can alternate the machines so that it can get some rest and function at best capacity.

Oh really, i thought we can close the wallet and it will automatically adjust the balance which we are maintaining in the wallet. So we should always open the wallets for staking the Veil coins in order to get the staking rewards.

[Psynthax]

I have been thinking about switching to a different miner. Right now using suprminer.

While mining is it possible that two different miner software can give us two different results? I mean is it possible that one miner will give us slower speed compared to another?

Instead of mining can we stake the coin in their wallet will it help us to make some decent profit or not? What was the percentage they allocated to the people who are holding the coins in the wallets?

Yes, you can definitely stake VEIL and make a decent profit but you will need to start with over 10k VEILs (even more now) in order to get a stake daily. I am still staking around 3k VEIL but now I am getting a reward every 5-7 days

Do you need to open your pc 7/24 or if you open it time to time, it is resuming where it stopped before. 10k veil is huge and i don't like to open my pc 7/24 so that is why i am asking

In order to get a stake, you must keep your wallet qt open otherwise the coins won't stake. I got two PCs at home that way I can alternate the machines so that it can get some rest and function at best capacity.

Oh really, i thought we can close the wallet and it will automatically adjust the balance which we are maintaining in the wallet. So we should always open the wallets for staking the Veil coins in order to get the staking rewards.

As far as i know POS works similar to the masternode and you must have to make sure you are opening your wallet. I guess POS system means if the hashpower has already distributed to each coin that can be used to taking in the network. Most of the people are using VPS.

[viljy]

Is there an issue with the newest  1.0.3.0 Veil wallet download for window?? Im attempting set up but it gives unknown time to sync to blockchain, then closes out after about an hour.  So it won't allow me to use the address for mining.

You better download VEIL daily snapshots. Then the synchronization will be completed much faster. Also, if a new version of the wallet gets stuck or turns off, you should just turn it on again. Also, any questions about the wallet you will be answered in discord.

[GhostWithin]

Who else can share real information about the income from PoS mining?
As far as I know, PoW mining will only work until the end of the year.

[VanDeinsberg12]

Who else can share real information about the income from PoS mining?
As far as I know, PoW mining will only work until the end of the year.

The income from POS mining is unknown and the earning is depending on the total coin that you stake on the network or staking wallet. The calculator can't predict it. You can calculate it after you know how much you wanna staking it to the POS network.

[Mr.Ease]

Who else can share real information about the income from PoS mining?
As far as I know, PoW mining will only work until the end of the year.

The income from POS mining is unknown and the earning is depending on the total coin that you stake on the network or staking wallet. The calculator can't predict it. You can calculate it after you know how much you wanna staking it to the POS network.

You can make a reasonable guess though...  Right now - about 13k Veil will stake a block a day.
So, 1,300 will do a block every 10days or 3 a month. Thats 150 veil from 1,300 a month.
Or about 11%.

But in order to keep up with staking your going to have to hold more coins. Which I think the emission is higher than 11%/month right now.

[||bit]

Who else can share real information about the income from PoS mining?
As far as I know, PoW mining will only work until the end of the year.

The income from POS mining is unknown and the earning is depending on the total coin that you stake on the network or staking wallet. The calculator can't predict it. You can calculate it after you know how much you wanna staking it to the POS network.

You can make a reasonable guess though...  Right now - about 13k Veil will stake a block a day.
So, 1,300 will do a block every 10days or 3 a month. Thats 150 veil from 1,300 a month.
Or about 11%.

But in order to keep up with staking your going to have to hold more coins. Which I think the emission is higher than 11%/month right now.

%11 monthly is a great number. And this won't be available for a long time.

I should put a second pc just for staking. I don't want to miss this.

[libert19]

Who else can share real information about the income from PoS mining?
As far as I know, PoW mining will only work until the end of the year.

The income from POS mining is unknown and the earning is depending on the total coin that you stake on the network or staking wallet. The calculator can't predict it. You can calculate it after you know how much you wanna staking it to the POS network.

You can make a reasonable guess though...  Right now - about 13k Veil will stake a block a day.
So, 1,300 will do a block every 10days or 3 a month. Thats 150 veil from 1,300 a month.
Or about 11%.

But in order to keep up with staking your going to have to hold more coins. Which I think the emission is higher than 11%/month right now.

%11 monthly is a great number. And this won't be available for a long time.

I should put a second pc just for staking. I don't want to miss this.

Different pc with different wallet, right? I read in telegram chat that same wallet on different PCs will cause issues.

[studio1one]

I didn't get stake rewards in 13 days I am staking 3k Veils anyone facing the same issue? Or difficulty went up a lot last couple of days? Actually, I did receive a block but that turned to be an orphan.

[r32godzilla]

Please, how it is really work? It is hybrid consensus POSW right? And also there are masternodes? Because you said that you need 10k VEILS to start staking. Or there are no masternodes - only requirement for staking is 10 000 VEILS?  

No masternode. And 10k coins is not a requirement for POS, it's just a recommendation to find blocks more often. You can start and with 100 coins, only the block will have to wait a month or longer.

Thank you very much for the answer, I was confused by posts here, finally I understand it.
It seems like a good ROI, but remember that bigger ROIs could mean bigger dumps because people most likely will selling their profits. 

[Google+]

I didn't get stake rewards in 13 days I am staking 3k Veils anyone facing the same issue? Or difficulty went up a lot last couple of days? Actually, I did receive a block but that turned to be an orphan.

I think you can ask directly in the telegram veil project group: https://t.me/VEILProject so that your case can be solved quickly, maybe some admins are not too active to see this forum so I think it's the best solution.

[Mr.Ease]

I didn't get stake rewards in 13 days I am staking 3k Veils anyone facing the same issue? Or difficulty went up a lot last couple of days? Actually, I did receive a block but that turned to be an orphan.

Definitely not facing the same problems. I'm staking 1,500 and got 2 blocks in 3days just recently.
I'm pretty sure lots of people were having issues with the new wallet and many coins were off-line so the past week should have been pretty good for anyone staking.
Actually, I talked to others who basically confirmed this. I got 2blocks, another guy with 5k picked up 4blocks in 2days. Another even said he got 2blocks within an hour.

Have you updated the wallet to the 1.0.3 version? Then also turn on pre-compute.

Other than that - I can't really recommend much. My computer is trash and stakes like a champ.

[Lizzylove1]

Since I don't have mining equipment yet, trying to raise fund to jointly set up one with a long time crypto partner, ever since our first mining rig project failed because of fraudulent builder, we have been actively involved in trading and teaching others about crypto. Once my Veil wallet is done synchronizing, I will have to participate in Proof-Of-Stakes (pos). The Proof-Of-Work (pow) mining may be started later by my team.

[superstarbtc]

Who else can share real information about the income from PoS mining?
As far as I know, PoW mining will only work until the end of the year.

The income from POS mining is unknown and the earning is depending on the total coin that you stake on the network or staking wallet. The calculator can't predict it. You can calculate it after you know how much you wanna staking it to the POS network.

You can make a reasonable guess though...  Right now - about 13k Veil will stake a block a day.
So, 1,300 will do a block every 10days or 3 a month. Thats 150 veil from 1,300 a month.
Or about 11%.

But in order to keep up with staking your going to have to hold more coins. Which I think the emission is higher than 11%/month right now.

%11 monthly is a great number. And this won't be available for a long time.

I should put a second pc just for staking. I don't want to miss this.

Did they mention anything about how long it is going to continue to get 11% on a monthly basis because people who are holding more than 10k will be making most of the coin through this staking?

[||bit]

Who else can share real information about the income from PoS mining?
As far as I know, PoW mining will only work until the end of the year.

The income from POS mining is unknown and the earning is depending on the total coin that you stake on the network or staking wallet. The calculator can't predict it. You can calculate it after you know how much you wanna staking it to the POS network.

You can make a reasonable guess though...  Right now - about 13k Veil will stake a block a day.
So, 1,300 will do a block every 10days or 3 a month. Thats 150 veil from 1,300 a month.
Or about 11%.

But in order to keep up with staking your going to have to hold more coins. Which I think the emission is higher than 11%/month right now.

%11 monthly is a great number. And this won't be available for a long time.

I should put a second pc just for staking. I don't want to miss this.

Different pc with different wallet, right? I read in telegram chat that same wallet on different PCs will cause issues.

I wasn't aware of that. Different pc with the same wallet i was thinking. But i will only open on wallet at a time. I think if something cause issues that should be simultaneously open same wallet on different pc. Still, will ask just to be sure in telegram.

[jasta more]

Why don't you shill your coin in official thread instead shitposting here in mining section?And all that for less than 150$ a month, in case you don't know here is the official thread
https://bitcointalk.org/index.php?topic=5065331.0

[studio1one]

I didn't get stake rewards in 13 days I am staking 3k Veils anyone facing the same issue? Or difficulty went up a lot last couple of days? Actually, I did receive a block but that turned to be an orphan.

Definitely not facing the same problems. I'm staking 1,500 and got 2 blocks in 3days just recently.
I'm pretty sure lots of people were having issues with the new wallet and many coins were off-line so the past week should have been pretty good for anyone staking.
Actually, I talked to others who basically confirmed this. I got 2blocks, another guy with 5k picked up 4blocks in 2days. Another even said he got 2blocks within an hour.

Have you updated the wallet to the 1.0.3 version? Then also turn on pre-compute.

Other than that - I can't really recommend much. My computer is trash and stakes like a champ.

Nope, I was using the old version of the wallet hence I was missing out on the stakes reward just updated my wallet to the newest version lets see if I will get the stakes more frequently or not.

[kronos123]

I recently discovered the Veil project, I bought a quantity of them and I also joined the signature campaign here.
I believe that 11% a month from the POS is quite high if what other users say is true, I will do my tests and check in person.

Regarding mining, does anyone have any table to calculate Roi with the different cards on the market?

[l3pox]

I think it may highly depends on the amount of coins you hold because my returns are more like 3-5% a month.

can anybody confirm what does precompute do?
I click the button here on the wallet but nothing happens