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Author Topic: the Veil Project Mining- Privacy without Compromise  (Read 6038 times)
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May 08, 2019, 11:48:16 PM
 #241

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.
If you only rely on capital risking you from the results. Being a participant in the prize campaign I don't think that will be enough and the process of gaining profits will be very long, try to buy these coins in large quantities to be able to get very fast profits.

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Every time a block is mined, a certain amount of BTC (called the subsidy) is created out of thin air and given to the miner. The subsidy halves every four years and will reach 0 in about 130 years.
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May 09, 2019, 04:54:34 AM
 #242

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.

Thank you very much Smiley BTW by hard cap you mean the total supply of VEIL that is mentioned on CMC right?



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May 09, 2019, 06:12:07 AM
 #243

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.
If you only rely on capital risking you from the results. Being a participant in the prize campaign I don't think that will be enough and the process of gaining profits will be very long, try to buy these coins in large quantities to be able to get very fast profits.

Yes, we have to take risks in order to be benefited from this coin and the good option we have is we can stake the coins which we can make some more coin by staking in the wallets. Without risk, it is impossible to make money.
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May 09, 2019, 09:54:25 AM
 #244

Yes, we have to take risks in order to be benefited from this coin and the good option we have is we can stake the coins which we can make some more coin by staking in the wallets. Without risk, it is impossible to make money.
If a person is not ready to risk, then he has no place in crypto investing. one must be mentally prepared for risks and possible losses. Although of course much nicer to think about the possible profits.

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May 09, 2019, 02:28:19 PM
 #245

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.

Thank you very much Smiley BTW by hard cap you mean the total supply of VEIL that is mentioned on CMC right?
I think the total supply of the veils mentioned in the coinmarketcap will no longer increase which means that the total supply of veils should be limited and only 17,536,157 pieces of veils, because if the existing total supply increases then surely this will have a detrimental effect on veil prices.

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May 09, 2019, 02:47:02 PM
 #246

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.
If you only rely on capital risking you from the results. Being a participant in the prize campaign I don't think that will be enough and the process of gaining profits will be very long, try to buy these coins in large quantities to be able to get very fast profits.

Yes, we have to take risks in order to be benefited from this coin and the good option we have is we can stake the coins which we can make some more coin by staking in the wallets. Without risk, it is impossible to make money.

Project has a very big future if nothing is spoiled. It can be seen that the price is growing not just because of the development. For miners one of the best options for earning at the moment.

Crypto is a very unique industry, where the line between "deserves to be in jail" and "leading member of the community" is as thin as one-ply toilet paper.
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May 09, 2019, 03:52:50 PM
 #247

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.
If you only rely on capital risking you from the results. Being a participant in the prize campaign I don't think that will be enough and the process of gaining profits will be very long, try to buy these coins in large quantities to be able to get very fast profits.

Yes, we have to take risks in order to be benefited from this coin and the good option we have is we can stake the coins which we can make some more coin by staking in the wallets. Without risk, it is impossible to make money.

Project has a very big future if nothing is spoiled. It can be seen that the price is growing not just because of the development. For miners one of the best options for earning at the moment.
According to coinmarketcap it is one of the smallest privacy coins as I know, that means a big opportunity for investors, but also higher risk. To reduce the risk, we need to list VEIL on bigger exchange that will bring enough liquidity.  Cool

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May 09, 2019, 03:59:33 PM
 #248

I have downloaded the Veil wallet, but it is consuming a lot of bandwidth. I installed the wallet yesterday and it is downloading the blocks ever since. My daily quota of 3 GB was consumed for a second day straight and still around 50% is remaining. Is there a light wallet available for Veil, which I can use instead of the full desktop wallet?
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May 09, 2019, 04:22:29 PM
 #249

I have downloaded the Veil wallet, but it is consuming a lot of bandwidth. I installed the wallet yesterday and it is downloading the blocks ever since. My daily quota of 3 GB was consumed for a second day straight and still around 50% is remaining. Is there a light wallet available for Veil, which I can use instead of the full desktop wallet?

You need to download a snapshot of the blockchain. No light wallet yet. But you can create a paper wallet. If you need a wallet for POS you will have to install a full wallet.
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May 09, 2019, 08:29:19 PM
 #250

I have downloaded the Veil wallet, but it is consuming a lot of bandwidth. I installed the wallet yesterday and it is downloading the blocks ever since. My daily quota of 3 GB was consumed for a second day straight and still around 50% is remaining. Is there a light wallet available for Veil, which I can use instead of the full desktop wallet?

the not recommended way could be using an exchange wallet
but you could also try to get a better bandwith.

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May 10, 2019, 04:27:44 AM
 #251

I have downloaded the Veil wallet, but it is consuming a lot of bandwidth. I installed the wallet yesterday and it is downloading the blocks ever since. My daily quota of 3 GB was consumed for a second day straight and still around 50% is remaining. Is there a light wallet available for Veil, which I can use instead of the full desktop wallet?

For now, keep downloading the chain either by blockchain snapshots or through the wallet because according to their website they might soon release Veil wallet for smartphones.

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May 10, 2019, 07:44:53 AM
 #252

For now, keep downloading the chain either by blockchain snapshots or through the wallet because according to their website they might soon release Veil wallet for smartphones.
The ability to synchronize the blockchain using a snapshot is a great opportunity. I myself have used these several times already. It is really very convenient!

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May 10, 2019, 09:31:23 AM
 #253

I have downloaded the Veil wallet, but it is consuming a lot of bandwidth. I installed the wallet yesterday and it is downloading the blocks ever since. My daily quota of 3 GB was consumed for a second day straight and still around 50% is remaining. Is there a light wallet available for Veil, which I can use instead of the full desktop wallet?

For now, keep downloading the chain either by blockchain snapshots or through the wallet because according to their website they might soon release Veil wallet for smartphones.
this can be good news and I think this will have an effect on the movement of veil prices because when there are developments that can trigger veil demand to be higher then it will make the price of veils expensive and of course the veils will be used by many people for transactions.
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May 10, 2019, 10:19:32 AM
 #254

I have downloaded the Veil wallet, but it is consuming a lot of bandwidth. I installed the wallet yesterday and it is downloading the blocks ever since. My daily quota of 3 GB was consumed for a second day straight and still around 50% is remaining. Is there a light wallet available for Veil, which I can use instead of the full desktop wallet?

For now, keep downloading the chain either by blockchain snapshots or through the wallet because according to their website they might soon release Veil wallet for smartphones.
this can be good news and I think this will have an effect on the movement of veil prices because when there are developments that can trigger veil demand to be higher then it will make the price of veils expensive and of course the veils will be used by many people for transactions.

A lightweight wallet for mobile platforms is a great solution. The main thing that everything was checked in advance and safely.
And most importantly, the developers understand that if already now the download is so long it is scary to think what will happen after. Without snapshots it will be possible to load month. The solution to this problem should be at the very top of what needs to be done.
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May 10, 2019, 01:35:11 PM
 #255

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.

Thank you very much Smiley BTW by hard cap you mean the total supply of VEIL that is mentioned on CMC right?
I think the total supply of the veils mentioned in the coinmarketcap will no longer increase which means that the total supply of veils should be limited and only 17,536,157 pieces of veils, because if the existing total supply increases then surely this will have a detrimental effect on veil prices.


What kind of retarded comment is this - are you high??

Why are you wearing the Veil Signature when your so clueless... You are either confusing people, or just increasing your post count with garbage spam... Seriously - stop thinking and speaking - It's embarrassing.

The Total supply you see on CMC will increase a whole bunch more.
What do you think Mining and Staking does?

In fact, the Supply of mining and staking emissions by the end of this year will bring the supply over 50mill.

"because if the existing total supply increases then surely this will have a detrimental effect" <- Satoshi Face Palm

People like you... and a HERO member at that... Roll Eyes

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May 10, 2019, 03:55:59 PM
 #256

I have downloaded the Veil wallet, but it is consuming a lot of bandwidth. I installed the wallet yesterday and it is downloading the blocks ever since. My daily quota of 3 GB was consumed for a second day straight and still around 50% is remaining. Is there a light wallet available for Veil, which I can use instead of the full desktop wallet?

For now, keep downloading the chain either by blockchain snapshots or through the wallet because according to their website they might soon release Veil wallet for smartphones.

Many thanks for the link, but my download failed. The snapshot file is some 8.8 GB and currently I don't have enough bandwidth to download this much data. Looks like I am left with few options. I will try downloading the full wallet. Hopefully within the next 4-5 days I will be able to complete this task. Looking forward to the release of Veil android wallet.
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May 11, 2019, 04:24:44 AM
 #257

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.

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May 11, 2019, 09:10:14 AM
 #258

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 am very grateful to the developers for making it possible to download a blockchain snapshot. This simplifies the process of synchronizing the wallet.

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May 11, 2019, 10:08:14 AM
 #259

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.
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May 11, 2019, 12:32:35 PM
 #260

I have been at POS for a long time. I haven't dug one yet. I don't know if there is an error. Do other people have the same situation as me? Looking forward to the explanation.

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