Veritium - Veritas Mining for Sustainable Mining



Veritas Mining is a Company that turning renewable green energy into cryptocurrency by means of crypto mining. Crypto mining is highly profitable when done on a large scale basis and it is essentially turning electricity into digital assets. In today’s environment, Crypto mining is done globally. What we offer is an eco-friendly, sustainable and renewable energy powered form of mega crypto mining, in an environmentally stable country with no risks of natural disasters.

Veritas Mining Goal

Our goal is to continue expanding the mines and compete with Russia and China in the global crypto mining race. We still believe that we are in the early stages of crypto mining, though the difficulties might increase, so will the values of the cryptocurrencies themselves and as well as the emerging new forks from the existing ones. Crypto mining is and always will be an essential part of cryptocurrencies and the blockchain technology in which all of them are based on. In the future, we would want to enable our token holders to use their tokens as a form of bond asset or collateral to attain credit line or credit for any reasons they so wish. A cryptocurrency backed with a source of dividends and income. Creating fungibility with our tokens is our ultimate goal.

What is Mining ?



When a user requests for a transaction to send or receive a crypto currency, the transaction is sent to a series of computers called nodes and then sent out into the blockchain. The blockchain then works by sending a digital ledger to be verified by several different computers called miners. These miners essentially verify and stamps their approvals on it and send it on to the next computer for further verification. This cycle goes on and on as new transactions are requested and processed. 

This step of verification is called Proof of Work (PoW) and involves utilising computing power to process and solve complex mathematical equations. And as a reward for their time and computing power, these miners receive a certain amount of the crypto currencies for each block that they successfully find and this process keeps the blockchain secure.

Miners are hardware which are either graphic processing units (GPUs) or application specific integrated circuits (ASICs) running at full capacity 24 hours, 7 days a week, 365 days a year. There is no rest for these hardwares. With great stress and non stop processing, break downs with these miners are definitely common occurrences. And to send them to repair or to replace them would mean time lost out at mining and decreasing profitabilities each and every second.




For our mining, we have our technicians that will be onsite in shifts monitoring every miner through our cloud management platform. This cloud management platform works by having data constantly being relayed to a cloud system in which the technicians will monitor and if there is a break down or a problem, the technicians can trouble shoot, repair or replace if needed, the faulty miner at the site itself almost instantly. Thus assuring that no time is wasted.

We create Ponos-Mining, which is a program in which we would like to enable the everyday user to mine for cryptocurrencies using their own PCs whenever they want to. The program will have algorithms in which would benchmark the user’s hardware and then selected the most efficient and profitable cryptocurrency to mine.

Crypto-mining requires a lot of electrical power. We believe that to future-proof crypto-mining, we have to join the movement to shift the global hashing power towards eco-friendly, renewable energy sources. We have negotiated with one of the largest green energy producers in the country and will be able to purchase their surplus power at cost price of about US$ 0.028/kWh to US$0.035/kWh. In fact, we are able to compete on the same level as mines based in Northern Europe, Russia and China.
​
Crypto mining is highly profitable when done on an industrial scale basis and we have the space for infrastructure and the cheap supply of energy to run the mines. We have a total of roughly 100 Rai or 160,000 square meters at our 3 sites to build our mines. With a total estimate supply of 55MWh to work with. We run our mines using 3 sources of renewable energy:

Wind Power



Wind Energy is free
Wind Energy is clean
Wind Powerplant has a relative little impact on environment
Wind Power is the least expensive than other form of alternative energy

Solar Power


Solar energy is easily harvested and can provide more than enough power for our mines. However, as again, many experts would say solar power is not consistent as does the Sun sets, so does our power supply from the solar farm. But we have 1 consistent, renewable energy source.
Bio-Gas / Bio-Waste


Bio-gas/waste is a mixture of different gases which are produced when organic waste breaks down in the absence of oxygen. It can be produced from agricultural waste, food waste, sewage, just to name a few.

Our mines will be a mixture of ASICs and GPUs. However, we would be spending 60% of the fund allocated for mine construction to GPUs as GPUs are able to mine all sorts of cryptocurrencies, thus being more versatile. We are also researching and developing algorithms to monitor and decide which cryptocurrency has to best profit to hash rates ratio. The program will then switch the GPUs to mine whichever is most profitable at any given time. 

We have the professionals in each of their fields working together to enhance earnings by improvement of both software and hardware. We aim to create products that has cashflows generated in every aspect, thus allowing a very financially sound ecosystem, with our ultimate goal of being to create a cryptocurrency that has a dividend and one that is fungible.


Ethereum’s difficulty will only continue to increase as more people mine for it and the block height gets higher. However, there are many more currencies that we would be mining for with our GPU miners. The following is a list of them:
  • Ethereum
  • Ethereum Classic
  • ZCash
  • Classic
  • Ubic
  • Monero
  • SiaCoin



With our ASIC miners, we would be mining the following :
  • Bitcoin / Bitcoin Cash
  • DASH
  • Litecoin



We would also be creating a wallet, Vidulum. which would be able to store and transact different kinds of cryptocurrencies. The wallet would allow seamless exchange from any cryptocurrency to another within the platform’s integrated exchange. For security / authentication/encryption features :
  • Two Factor Authentication (2FA)
  • Domain validated Secure Sockets Layer (SSL) Certificates
  • Multi signature wallet
  • SMS Validation/authentication
  • Secure Private Crypto Key



Token Information

Token Symbol : VRTM

Token Type : ERC20

Token Supply : 135,000,000 ( Include Bonuses )

Token Price : 0.001 ETH / 1 VRTM

Pre-Sale Date : 28th October 2017

Pre-Sale Bonus : 50% ( Drops 5% every 3 Days )

Minimum Purchase : 0.25 ETH

General Token Sale Date : 24th November 2017 (LIVE)

Soft Cap : 1,750 ETH / US$ 500,000

Hard Cap : 100,000 ETH




To Purchase VRTM, use one of the following wallets :
  • MIST/Ethereum Wallet/MetaMask
  • MyEtherWallet
  • imToken
1. DO NOT SEND FUNDS FROM EXCHANGES like Coinbase or from any multi-sig wallets.
YOU WILL LOSE YOUR FUNDS!

2. Do not send your funds before the token sales begins.

3. Set GAS limit to 250,000. (Excess Gas will be refunded automatically.)

4. VRTM Tokens will be sent to the wallets from which the ETH is received via Smart Contracts
after the token sale has ended.

5. By participating in this token sales, you agree to the terms and conditions and confirm that you
are not a citizen or resident of the USA.

60% of net revenues will be paid to Veritium Token holders every quarter for as long as they hold their tokens, forever.




IMPORTANT LINKS

Veritas Mining Website : https://www.veritasmining.co/
Veritas Mining Twitter : https://twitter.com/VeritiumMining




ETH Addr : 0xf2FfB3B3E0562C9Ec315f6d49763edfEe02f881e

Comments

  1. UnknownJanuary 1, 2020 at 5:10 PM

    https://www.icoinvestigation.com/10501/what-is-veritas-mining-veritium-and-xenium-hiding

    No wonder you’ve finally seen some kind of investigation in this con man, Jeremy Tan, “Spectre.” He doesn’t have transparency because he’s made a ponzi at ICO just to put a shit coin for a pump and dump on Russian yobit. So, the VRTM token opened on more than 90c, but there is no excuse for an unknown coin in Yobit, he says, perhaps because the dividends! We were surprised but happy. On the second day, up to more than $4 that day! What? But then so fast, so many tokens dumped that never stops. After the third day, only 2c forever – now zero. Such an obvious pump and dump. I and many others shouted to him about “cheating” on Telegram. He mocks our suffering. But he also doesn’t care that ICO investors will lose the price… They all continue to blame the market for this, he says, “how does he know who sells? ” But we know he’s lying. In May, I saw a lot of dumping on blockchain – at least someone knew about insider trading and obvious manipulation of the Ponzi. Plus now everybody knows about Yobit’s coin frauds. I sold for big losses and I am still very angry. I was waiting for Veritium to be reported, but since everyone in the cryptocurrency is a crook, it seems like people just forget about it and he’s forgotten.

    But, he never banned anyone before, he just mocked an unhappy investor.

    I’ve always since watched the Telegram chat and I see how it changes more than ever before. One example: all the fake members at the beginning of Ponzi were bots or his account, but now nobody left!

    But I’m waiting for you to catch him. I’ll give you some information – contact me at any time. One day he must be brought to justice. He is thief.

    Good luck!

    Here is day 1-4 Yobit pump and dump.

    10/05/2018 0.030665 0.092220 0.065377

    09/05/2018 0.022743 0.22891 0.058808

    08/05/2018 0.14289 $2.0031 0.28771

    07/05/2018 0.94582 $4.1144 $2.5837

    He must have lost a lot from this drop, or made fortune.. He never seem to worry about that!

    ReplyDelete

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