the Veil Project Mining- Privacy without Compromise

[superstarbtc]

I'll try staking Veil as soon as I have earned enough coins from the bounty program. Looks promising as well that's why I joined the bounty.

Many people are buying the coins in the exchange for staking because they have allocated a few amounts of the coin every month. Through bounty, you will get very less amount but if you manage to buy more coins it is good to stake and you make a decent profit on your holdings.

[1715341241]

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[1715341241]

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[olamidey]

You know apart from trading tokens , you can also make profit in staking. But this really needs a professional mindset in switching from trading to staking while making sure to avoid losses.

[Galantin]

I think it will be profitable to mine Veil with POS. The fact is that the potony is great. Using the latest technology, the price of a coin may be higher than its competitors in the future.

[franciscoDC]

Its really profitable and worth to mine and it has a high chance to be recognize as the best POS token,by the way what is veil? Veil is the first coin that allows its holders to exclusively stake anonymously.
For more info visit here: https://veil-project.com

[iv4n]

I think it will be profitable to mine Veil with POS. The fact is that the potony is great. Using the latest technology, the price of a coin may be higher than its competitors in the future.

Well some people claim that future of mining is PoS, why would ethereum go PoS if it`s not like that? Less energy needed, thus you need to buy coin and stake it, every other way of "mining" include buying some GPU`s or asics which can be expensive, than you need to pay for electricity to run machines after which you get some coins, with PoS you directly buy coins and stake them in some official wallet. I`m for staking over the mining, and to be honest maybe its too late for buying some equipment.

[Anonylz]

I'll try staking Veil as soon as I have earned enough coins from the bounty program. Looks promising as well that's why I joined the bounty.

I doubt whatever you are going to earn from bounty will give any good reward when you stake it, you should flip back some page's of the thread where some members state the number of veil to be stake to give a reward daily, veil need about 10k plus to get daily reward, so you probably wanna pick up some to add to whatever will be your bounty reward to get good result.

[libert19]

You know apart from trading tokens , you can also make profit in staking. But this really needs a professional mindset in switching from trading to staking while making sure to avoid losses.

Why does it need a 'professional mindset'!? It's easier to switch from trading to staking and also there is no risk whatsoever unlike trading.

[nightl]

 

You know apart from trading tokens , you can also make profit in staking. But this really needs a professional mindset in switching from trading to staking while making sure to avoid losses.

Why does it need a 'professional mindset'!? It's easier to switch from trading to staking and also there is no risk whatsoever unlike trading.

..And much easier - read a couple of articles, tune in and start
In trading, there are a lot more pitfalls, nerves and chances to get a decrease in investment.

[kronos123]

I think it will be profitable to mine Veil with POS. The fact is that the potony is great. Using the latest technology, the price of a coin may be higher than its competitors in the future.

Well some people claim that future of mining is PoS, why would ethereum go PoS if it`s not like that? Less energy needed, thus you need to buy coin and stake it, every other way of "mining" include buying some GPU`s or asics which can be expensive, than you need to pay for electricity to run machines after which you get some coins, with PoS you directly buy coins and stake them in some official wallet. I`m for staking over the mining, and to be honest maybe its too late for buying some equipment.

It is never too late to start mining but you have to worry about the roi rather; if you don't have energy at low cost, under $ 0.08 a Kw, you will hardly be able to make a profit from your investment, especially if you start from 0.

As you rightly said POS is the future in the crypto, more just and fair, clean, efficient.

[GreenStox]

I'll try staking Veil as soon as I have earned enough coins from the bounty program. Looks promising as well that's why I joined the bounty.

indeed the benefits obtained are not as much as the capital used because this staking veil can provide a lot of benefits because the total supply of veils is very limited and the price can be more expensive than the current price, so you should be able to use the veil as best you can to get a very profitable Many people use smartphones and it is very dangerous, smartphones are not suitable for staking.

[||bit]

You know apart from trading tokens , you can also make profit in staking. But this really needs a professional mindset in switching from trading to staking while making sure to avoid losses.

Trading is a two-edged sword. You can make profit more than yearly pos income even in a day. But on the other hand, you can end up way lesser coin you started with.

I am not a good trader and even the best traders can make mistakes. So, i would prefer the riskless way and will try to accumulate more veil tokens just with staking them.

[Anonylz]

It is best to buy what amount of veil you can afford and stake them to get reward maybe daily depending on the size of your wallet rather than going through the heart attack moments of trading, pos is more guarantee than trading, you can sell your accrual at the end of each month for passive income,
My target to purchase at least 12k veil so i can get daily reward to earn passive income. This is best option imo.

[Lucasgabd]

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

https://veil-project.com/blog/veil-precompute/

All there for your reading pleasure.

Basically you should be able to spend zerocoins faster. When it comes to staking, it should also help you lower your rate of orphans if your CPU is on the lower end.

awesome, thank you so much!
for some reason mine is not turned on by default and nothing happens when I click it
should I change .conf to precompute=1 or there is some other way?

[studio1one]

Once they reach the total supply they will completely switch to PoS, right? If yes then any idea how much longer the PoW will be active for?
Thanks.

[KryptoKai]

A hybrid approach is definitely the way forward. PoW is too energy hungry but some people prefer it to gain a dominance in mining, anyone can stake which is fairer for all

[asriloni]

Once they reach the total supply they will completely switch to PoS, right? If yes then any idea how much longer the PoW will be active for?
Thanks.

No emission for staking and mining after years 19 and that means if the hardcap will have achieved by veil in the next 19 years from now. Remember after the hardcap has already achieved and no more emission will be produced and staking and mining will not get any reward from the block. I just got that from the veil.

[viljy]

No emission for staking and mining after years 19 and that means if the hardcap will have achieved by veil in the next 19 years from now. Remember after the hardcap has already achieved and no more emission will be produced and staking and mining will not get any reward from the block. I just got that from the veil.

Then the network will only work at the expense of tx fee? But this is a very small profit. Or maybe the same amount of fees will do more.

[whiteblue]

Once they reach the total supply they will completely switch to PoS, right? If yes then any idea how much longer the PoW will be active for?
Thanks.

No emission for staking and mining after years 19 and that means if the hardcap will have achieved by veil in the next 19 years from now. Remember after the hardcap has already achieved and no more emission will be produced and staking and mining will not get any reward from the block. I just got that from the veil.

I think the process to go to 19 is very long and when the conditions are still like this, the veil still has a very long chance to become a coin that can succeed in the future.

[evenotto]

Once they reach the total supply they will completely switch to PoS, right? If yes then any idea how much longer the PoW will be active for?
Thanks.

No emission for staking and mining after years 19 and that means if the hardcap will have achieved by veil in the next 19 years from now. Remember after the hardcap has already achieved and no more emission will be produced and staking and mining will not get any reward from the block. I just got that from the veil.

I think the process to go to 19 is very long and when the conditions are still like this, the veil still has a very long chance to become a coin that can succeed in the future.

Over these years everything can change..
It seems to me that it is more important to start a working system now than to plan for such a long time. In any case, closer to this period it will be possible to conduct hard forks with a more relevant base.

[||bit]

Once they reach the total supply they will completely switch to PoS, right? If yes then any idea how much longer the PoW will be active for?
Thanks.

No emission for staking and mining after years 19 and that means if the hardcap will have achieved by veil in the next 19 years from now. Remember after the hardcap has already achieved and no more emission will be produced and staking and mining will not get any reward from the block. I just got that from the veil.

I think this is the plan right now but it can change. In 19 years veil can something that valuable miners can be more than happy just with the fees on the chain. But 19 years is not a law. If things mature enough in 10 years they can change that too. Or in the opposite, if things won't be enough 19 years later, they can add some more years, readjust block rewards and etc.

Their plan is something but we don't know that plan will be real or not.