How to mine VEIL
An intro to get starting mining VEIL w/o the headache of technical details. In case of any questions, make sure to hit the #mining channel of Veil. The team and community members are happy to help most times of the day ;-)
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How to mine Veil
I am writing this guide to get you started with mining VEIL, w/o the headache of most technical details. You should be able to reach that goal in no time — no matter if you are a computer expert or not.
This guide is broken into several parts, each focusing on a different aspect of how to get started mining. It’s tailored to VEIL, but the overall concept is the same for most coins.
The structure of this guide is split into these smaller chunks
- Hardware basics
- About Veil & Mining
- Install the official wallet
- Register on a mining pool
- Operating System choice
- Install & configure the miner software
- Solo mining / Buying hashrate / How much will my rig make?
Hardware basics
This guide is for beginners looking to mine casually. Somebody looking to mine on a large scale would likely identify hardware differently.
“Buy when there’s blood in the streets, even if the blood is your own.”
Instead of dedicating a lot of time building your own rig from scratch, make use of the recent capitulation and get a cheap rig from a fellow miner that didn’t make it.
I got many of my GPUs off of ebay for way less that retail. The missing warranty is a risk, but it can pay off. It is! Definitely consider selling your mining gear on ebay. Good mining gear is a bit like shitcoins. It is getting pumped on ebay in waves, every time a new profitable GPU mined crypto is released.
VEIL? VEIL!
Veil with it’s strong focus on privacy and the goal to reach 100% fungibility of coins by combining well established and new technologies is among my top coin picks for 2019 . If you are not yet familiar with the details of the project, you can catch up in the BCT thread or on the homepage.
Launch of The Veil Project was initially scheduled for December 8. Mainnet finally launched on January 1st 2019. For up to date info on new releases and the roadmap, please visit the official website.
It’s all about consensus
VEIL, like all blockchain technologies, uses an incentive-driven model of security. Consensus is based on choosing the block with the highest total difficulty. Miners include transactions in blocks that are then checked for validity by the VEIL nodes. Among other criteria, a block is only valid if it contains a proof of a given difficulty.
For at least the first year of Mainnet launch, Veil coins will be minted using two consensus methods: Mining AND Staking. This hybrid consensus system combines the new X16RT Proof-of-Work algorithm with a custom Zerocoin-based Proof-of-Stake algorithm.
This means that “staking,” or the process of using held coins to validate blocks and support the blockchain network can be done 100% anonymously.
About the X16RT algorithm
The proof of work algorithm used is called X16RT (slightly adapted from X16R, the algorithm $RVN uses) and involves finding a nonce input to the algorithm so that the result is below a certain difficulty threshold.
The PoW mining period will last for at least one year, possibly extending to achieve wider coin distribution if no X16RT ASIC devices seem feasible and pending community discussion, and switch to a purely Proof-of-Stake consensus model afterward.
Install the official Veil wallet
To start mining, download the official wallet from https://veil-project.com/get-started/ or https://github.com/Veil-Project/veil/releases. The current release version is “1.0.0.6”. Check back for new releases frequently since the network is new and bugfix releases likely.
Don’t skip this step. You need a wallet to receive your mining payouts from pools. Take your time and don’t rush through the setup process. Store the backup seed in a secure location.
Register on a mining pool
Different pools will with varying quality do exists. If you want a solid, reliable pool that is operated by professionals — give https://veil.suprnova.cc a shot.
To use suprnova, first register an account. I recommend to create one worker per mining rig / or MRR order. This allows for easier tracking in case something goes wrong.
Pools typically require a $VEIL address to receive payments to. If you didn’t already, create a Veil address in your local wallet first and configure it for payments on the pool(s) of your choice. Don’t leave huge amounts of coins laying around on a pool wallet!
Pools to mine VEIL
Different pools with varying quality do exists. I only looked into the two listed. If you want a solid, reliable pool that is operated by professionals — give https://veil.suprnova.cc a shot. To use suprnova, register an account and create at least one worker for your planned nicehash orders. If you also have a mining rig, i recommend to create one worker per rig. Finally, create and configure a $VEIL address to receive payments to.
More pools will follow soon. Watch the Veil bitcointalk ANN for updates!
Operating System choice
Personally, i prefer Linux (Ubuntu 18.04 LTS) before anything else for mining. Still, many new miners that are just starting use Windows as this is what their systems have been delivered with.
Other alternatives to Windows are Hive OS, SMOS or ethOS.
Operating System Setup — Windows
Personally, i prefer Linux (Ubuntu 18.04 LTS) before anything else for mining. Still, many new miners that are just starting use Windows as this is what their systems have been delivered with.
Automatic login
You want your miner to login automatically at system boot. That enables your miner to restart and continue automatically if hardware errors are discovered. For obvious reasons, you should only disable the login screen if you are sure nobody can access and tamper with your miner.
Step 1: First step is to open Run command box by simultaneously pressing Windows logo and R keys (Windows+R). In the Run dialog box, type “Netplwiz” and then press Enter key.
Step 2: In the resulting User Accounts dialog, select your user account first and then uncheck the option labelled “Users must enter a user name and password to use this computer”. Click Apply button to see Automatically sign in box.
Step 3: In the Automatically sign in dialog, type your password and then re-enter the password to confirm the same. Finally, click the “OK” button.
Automatic miner software restarts
The following windows batch file can be used / adapted to support virtually any mining software. It works best with “cgminer”, “cudaminer” and other command line tools. A simple miner monitoring script that restarts the mining process every 80000 seconds (22.22 hours).
Automatic Windows Reboot
An automatic reboot every couple of hours / days can be the cure to many things like too much heat, driver problems, stuck mining processes and many more.
To schedule an automatic reboot for Windows with the integrated task scheduler, follow these steps:
- Press WinKey+R > type taskschd.msc and press Enter (it will launch Task Scheduler)
- Left click from the right pane on the Task Scheduler Library > open Action from the top menu > New Folder… > name it MyTasks > click OK
- Left click on the MyTasks > choose Action from menu > Create Basic Task… (it will open task wizard)
- You can enter the Name , for example “Restart”, and press Next
- In Trigger section you can specify when you want to run your task, for example:
- Select Daily , and press Next
- Now you can specify the day, the hour and set to recur every day, after that press Next
In Action section you can choose what you want to run, for example restart your system, to do this:
- choose Start a program , and press Next
- in the Program/script field type shutdown /r , and press Next
That’s all, you can press Finish
Install & configure the GPU mining software
VEIL can be mined via GPU (or CPU, but this is not profitable) at the moment. Multiple options to mine with AMD and NVIDIA hardware exist.
Download the software miner for your hardware and fill in your worker values. Suprnova has a dedicated “Getting Started” page.
Solo mining
Beyond the scope of this article. Solo mining VEIL is not feasible if you don’t own a big farm. IF YOU OWN a big farm, consider installing your own pool software (yiimp is the best option for X16rt).
Buying hashrate
This article is about mining yourself. I will publish another article how to buy hashrate to mine Veil asap. The best option to buy hashrate easily is currently miningrigrentals.
How much will my rig make?
This depends on a lot of factors, including block rewards, electricity cost and more. Until Veil is listed on a couple of exchanges, i consider the price not relevant. The current mining BE should be around 0.15 USD.
Thanks for reading that far ! Have fun mining Veil and have a great one! Florian
BTC donations welcome and never forget:
Have fun, this is crypto after all!
BTC 33ENWZ9RCYBG7nv6ac8KxBUSuQX64Hx3x3