Topic: [🚀][ANN][Aurum Project] 💠 Xᴀᴜʀᴜᴍ 💠 ▲1 XAUR = 0.000426686186 g gold▲ - page 41. (Read 111351 times)

Coinage

 Xaurum is coined out of a Proof of Stake blockchain, with starting 0.01% yearly inflation. 1016 of coins were sold on ICO by Auresco Institute, 1016 of 1g 999.9 certified gold was bought, below EU retail prices. This way 1016 usable coins, 100% backed by gold are created, a golden foundation on which we build. 998,984 of the coins will be mineable at goldmine, our PoS multipool, making the total of coins in exchange 1,000,000 when all are mined. 90% of the coins will serve as guardian nodes, running on secure severs transparently, and will never enter exchange.
Time required for the acquisition of gold reserves is 2-4 weeks, time needed for shipping 3-7 days.

Guardian nodes

90% of all blocks are mined by the guardian nodes and collect 90% of all transaction fees and 90% of stakes.
All of the fees collected by the guardian nodes are distributed to the Commonwealth wallet, the stake reward of users that enter exchange, are backed with gold and
 guardian stakes are added to mining. Transaction fees and % of inflation are determined by the users collectively, for this purpose, a in-wallet voting system will be developed.




  
Summary
  
- First crypto representative commodity money
- 1,000,000 XAU in exchange (10,000 ICO, 990,000 mineable)
- 9,000,000 XAU in guardian nodes
- Commonwealth (from guardian nodes and goldmine)
- Gold reserves (from ICO and Commonwealth)

a question how much is the staking reward aproxamiltly?

I've paid ~0.04 btc for rig rental and I got 0.0451 XAU (~0.027 btc) in return.
I was one of the first multipool scrypt miners, I guess it wasn't worth it.
When the automatic multipool arrive I'll try it again.

2 questions:

1) Is it possible to solo mine this coin? (if so, how? I have Antminer S1's)

and

2) Any ETA on when we can expect the new pool to be live?

When will the pool? there are plans, or abandoned?

Payouts are done.

We have mined 7,76644 of new Xaurum. We now have 1025,045014 of total Xaurum money supply, and now each coin is additionaly backed by 0,006187743 g of gold. This means every Xaurum is now worth 1,008155151 g of gold, and can be melted at this ratio.

For about 0.05 btc of mining I got about 0.13 XAU

If you get 0,13 XAU for 0,5 BTC of mining, then there is really no need to adjust the stats in any way. The profitability is extraordinary.
Agree?

The pool is closed, so set your miners to mine somewhere else. Payments coming today.

The pool is closing

Due to the large number of complaints we are closing the pool completely and restarting with an automated one. It will not shutdown immediately, because some people rented rigs for longer times, but will shut down completely on Wednesday. There will be one more payout before that, and a final one, after we pull the plug. Every address will be compensated, if there was any loss, we will compensate you ourselves.

There was no unfair advantage, no difficulty optimizing (the pool does that automatically, only the high difficulty mining wasn't possible, and it wasn't possible for anyone) and I don't really see the advantage an early payout would give you on the marketplace when the increments are as low relative to the money supply. Of course this wasn't a planned alpha, it just unfortunately turned out to be. The Goldmine will be reopened when we can automate it fully.

Yea i dont understand why they released goldmine premature just feed into the downfall. It also sucks they were mistaken for AURcoin. AURcoin gained in the confusion and your coin lost. If things ran soother there coin could had a good launch. It would be good if they had a public announcement guaranteeing the backing of there currency with the gold. To have it on paper as contract in public would definitely shut critics up and boost support. At least if they are serious about the coin.

I really like the idea behind this coin and was going to support it Even if others tried this idea and failed you guys seem to be honest just have tech problems which could break you. Currency should have a gold standard and they should build on it will make it strong over time and never worthless.