[🚀][ANN][Aurum Project] 💠 Xᴀᴜʀᴜᴍ 💠 ▲1 XAUR = 0.000426686186 g gold▲

[Aurum Project]

Here are the stats for the 20th payout:

We have mined new   4,400568 Xaurum and transformed electricity into
  9,575654 more grams of gold. We now have   1175,615808 of total Xaurum money supply, backed by   1304,318654 g of gold. This means every Xaurum is now worth
  1,109476961 g of gold, and can be melted at this ratio.
 
We have tweaked our formula somewhat, to increase profitability for all. Now some amount of Xaurum is bought on markets and will be added to our payouts and statistics. 0,460400  of additional Xaurum paid was bought on Cryptsy.

The new Goldmine is opened and will be adding features as they are ready. Also the giveaway is still active.

[NoobKidOnTheBlock]

Here are the stats for the 20th payout:

We have mined new   4,400568 Xaurum and transformed electricity into
  9,575654 more grams of gold. We now have   1175,615808 of total Xaurum money supply, backed by   1304,318654 g of gold. This means every Xaurum is now worth
  1,109476961 g of gold, and can be melted at this ratio.
 
We have tweaked our formula somewhat, to increase profitability for all. Now some amount of Xaurum is bought on markets and will be added to our payouts and statistics. 0,460400  of additional Xaurum paid was bought on Cryptsy.

The new Goldmine is opened and will be adding features as they are ready. Also the giveaway is still active.

What exactly is the multipool address for mining Xaurum?

[nihilnegativum]

What exactly is the multipool address for mining Xaurum?

http://goldmine.aurumproject.io/

[NoobKidOnTheBlock]

What exactly is the multipool address for mining Xaurum?

http://goldmine.aurumproject.io/

Thank you looking forward to mining away some Xaurum there

[BornBlazed]

Proof of Gold





While we wait for the multipool, another part of gold was delivered.
We now have 893 g in our storage, around 200-300 pending still
(we order in larger quantities, so we're waiting for the multipool to start, for the third order)







First two shipments of 893g.













The message can be verified on keybase.io

-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA512

Xaurum gold verification.


... sic manet gloria mundi.
-----BEGIN PGP SIGNATURE-----
Version: Keybase OpenPGP v2.0.8
Comment: https://keybase.io/crypto

wsBcBAABCgAGBQJVQ1VHAAoJEOrbtwL/IXPGjy8H/3EGVOQYA/ePTkPhyY5Q0enN
bzzB8qM7IYbbFeAxHy//ZhPd3VsxZLOHVBXVgS6zoNAyj+i0/gDrFVqALnxiKXof
kKSxfKE568pXIY69DStcz2cNG2saaP6ylVldzjmX4UbVo9TYFFVyTgjA/u1xiyAc
IywC6YNIlBAJ4C+wsKn3U3DzhU7yQrkMM4onv8gWf/uQoQlKrO7rdxzHG6H2rpUL
XXaIKVLue34iu44aRpRSWDpSeogXcAaxg0rtoZtxNN2ntuSAlvd7yi6PqN8zqN/8
U2o6D9wYaZZQW/9A59zYuVD3uJGl8PPMqWQkjeaaqjB41vj/nHApYh5Xs7U9nI0=
=UB5C
-----END PGP SIGNATURE-----

that doesn't prove anything. The Small Bars could be fake. Chop one in half and show us the inside. If its not under your control you wont show us a single chopped Bar. 90 percent of the Bars could be Fake. People should be demanding more Proof and transparency. Could be Chinese Made fake Bars, there's allot of them out there. Even Fort Knox is Rumoured too have tungsten filled bars. Do you have a Monthly or Yearly Audit or pick a Gold bar at random too acid/chop test on video too help with Transparency?

[nihilnegativum]

that doesn't prove anything. The Small Bars could be fake. Chop one in half and show us the inside. If its not under your control you wont show us a single chopped Bar. 90 percent of the Bars could be Fake. People should be demanding more Proof and transparency. Could be Chinese Made fake Bars, there's allot of them out there. Even Fort Knox is Rumoured too have tungsten filled bars. Do you have a Monthly or Yearly Audit or pick a Gold bar at random too acid/chop test on video too help with Transparency?

Sure, we can provide additional proof, but you can't say it doesn't prove anything. Of course it does, but of course no proof will ever be sufficient. This is why our long-term solution to this problem is "melting" Xaurum  (exchanged for gold and excluded from the money supply) and a webstore selling gold for Xaurum.

What sort of proof would you like? We encourage everyone to contribute ideas.
I can only think of cutting one at random, but how do we pick one at random so you can be sure I didn't pick one before that?
Maybe you can chose one gold card from the pictures by the ID and next time we go to the vault we can cut it on video?
Or we throw dice to determine first 3 digits of the gold card and then find the first one that fits and cut it?

You can at least tell by the plastic packing it is not fakes ( http://nadirmetal.com.tr/en/au-gram-bar-2/ ).

[Bumblez]

Ok, so the plastic is not fake.  How do we know you didn't just buy the plastic wrapper, then insert gold colored stuff?  Could be candy for all we know.  Then start a business that basically sells candy bars for a ton more than its worth.  Start a website, start a mining pool, and blow air up our arses.  All of which will ultimately fail, once someone melts some Xaurum.  Seems like a ton of work for failure. But is it? 


With all the coins that go through here that are basically copy and paste work, I can see the problem.  Seriously tho, try saying what your thinking out loud.  Then ask yourself, does that make sense?  Worst that can happen for these guys now, is they end up with a currency that is worth nothing.  Have a ton of gold, decide to try another currency or sell the gold.  We as investors, if we dont dump the coin for a quick buck.  Are basically in control now.  There will be people that dont give a crap and dump the coin.  Its up to the serious ones to not sell ever, or at least keep the price going up.

A serious question I do have though.  Where is the business model or promise, that says you will never withdraw your gold from the coin?  Or change how the coin works?  If gold goes way up, you could just tank the coin and sell all the gold. 

[Puhi]

Ok, so the plastic is not fake.  How do we know you didn't just buy the plastic wrapper, then insert gold colored stuff?  Could be candy for all we know.  Then start a business that basically sells candy bars for a ton more than its worth.  Start a website, start a mining pool, and blow air up our arses.  All of which will ultimately fail, once someone melts some Xaurum.  Seems like a ton of work for failure. But is it?  


With all the coins that go through here that are basically copy and paste work, I can see the problem.  Seriously tho, try saying what your thinking out loud.  Then ask yourself, does that make sense?  Worst that can happen for these guys now, is they end up with a currency that is worth nothing.  Have a ton of gold, decide to try another currency or sell the gold.  We as investors, if we dont dump the coin for a quick buck.  Are basically in control now.  There will be people that dont give a crap and dump the coin.  Its up to the serious ones to not sell ever, or at least keep the price going up.

A serious question I do have though.  Where is the business model or promise, that says you will never withdraw your gold from the coin?  Or change how the coin works?  If gold goes way up, you could just tank the coin and sell all the gold.  

Interesting thoughts. Similar to my own.

Disclaimer: If everything coin authors are stating is true, I believe this coin is by far the best digital currency possible. It is state of the art technically, backed fully by gold and creates additional value for all stakeholders all the time (owners, miners, traders, ...).

My understanding of this coin:
1. there is an official registered company - institute behind it. One of their tasks is to store the gold for the owners of XAU (the physical gold belongs to XAU owners). If they steal the gold, they automatically go in jail for a long long time.
2. compared to all other coins on the market, this one is the only one with clearly defined base value. It is backed by gold and the quantity of gold behind every XAU grows all the time.
3. the base value of XAU grows with market coinage.
4. a smart person would do two things:
- buy and keep XAU (please look at the trend of growth of value of gold behind every XAU)
- buy everything below base value, melt it into gold and sell the gold (it would be cheapest gold in the world)

I believe that coin creators have two solutions for your serious questions:
1. the gold will be stored in mints and every owner of XAU will be able to melt XAU directly in mints. Auresco will have nothing to do with it, because direct link between XAU owners and their gold will be made.
2. The coin rules are set and will be adjusted only based on voting system. Votes will be linked to amount of XAU owned by a voter. Again, the coin creators will participate only with their shares of XAU.

What do you think?

[Aurum Project]

Here are the stats for the 21th payout:

We have mined new 25,32818586 Xaurum and transformed electricity into 56,699833 more grams of gold. We now have 1200,943994 of total Xaurum money supply, backed by 1361,018487 g of gold. This means every Xaurum is now worth  1,133290556 g of gold, and can be melted at this ratio.

[Bumblez]

Ok, so the plastic is not fake.  How do we know you didn't just buy the plastic wrapper, then insert gold colored stuff?  Could be candy for all we know.  Then start a business that basically sells candy bars for a ton more than its worth.  Start a website, start a mining pool, and blow air up our arses.  All of which will ultimately fail, once someone melts some Xaurum.  Seems like a ton of work for failure. But is it?  


With all the coins that go through here that are basically copy and paste work, I can see the problem.  Seriously tho, try saying what your thinking out loud.  Then ask yourself, does that make sense?  Worst that can happen for these guys now, is they end up with a currency that is worth nothing.  Have a ton of gold, decide to try another currency or sell the gold.  We as investors, if we dont dump the coin for a quick buck.  Are basically in control now.  There will be people that dont give a crap and dump the coin.  Its up to the serious ones to not sell ever, or at least keep the price going up.

A serious question I do have though.  Where is the business model or promise, that says you will never withdraw your gold from the coin?  Or change how the coin works?  If gold goes way up, you could just tank the coin and sell all the gold.  

Interesting thoughts. Similar to my own.

Disclaimer: If everything coin authors are stating is true, I believe this coin is by far the best digital currency possible. It is state of the art technically, backed fully by gold and creates additional value for all stakeholders all the time (owners, miners, traders, ...).

My understanding of this coin:
1. there is an official registered company - institute behind it. One of their tasks is to store the gold for the owners of XAU (the physical gold belongs to XAU owners). If they steal the gold, they automatically go in jail for a long long time.
2. compared to all other coins on the market, this one is the only one with clearly defined base value. It is backed by gold and the quantity of gold behind every XAU grows all the time.
3. the base value of XAU grows with market coinage.
4. a smart person would do two things:
- buy and keep XAU (please look at the trend of growth of value of gold behind every XAU)
- buy everything below base value, melt it into gold and sell the gold (it would be cheapest gold in the world)

I believe that coin creators have two solutions for your serious questions:
1. the gold will be stored in mints and every owner of XAU will be able to melt XAU directly in mints. Auresco will have nothing to do with it, because direct link between XAU owners and their gold will be made.
2. The coin rules are set and will be adjusted only based on voting system. Votes will be linked to amount of XAU owned by a voter. Again, the coin creators will participate only with their shares of XAU.

What do you think?

Shareholder system does not work in the real world.  Those who have money or influence already (guardian notes possibly) could be used to control the currency.  Need to be finite, and simple.  It makes no sense to hold on to the gold forever and let it sit there.  If the extra gold were re-invested and pofits payed out to the current holders of XAU annually, that would fix the POS issue.  Also there is about 55,000 dollars invested into this currency.  Each XAU right now is greatly inflated by the crypto market already.  And mining it at the moment is not profitable.  So everyone is paying to create this coin.  So if the second rule were changed to everyone with even a small amount has equal say in the coin.  That would be better IMO.  Also a business model needs to be created, and gold that is needed to back the currency held, and insured.  Maybe burn XAU until there is enough to build a goldmining company?  Then the company is owned by XAU holders.  Should build infintely.  And be completely democratic. 

[nihilnegativum]

Shareholder system does not work in the real world.  Those who have money or influence already (guardian notes possibly) could be used to control the currency.  Need to be finite, and simple.  It makes no sense to hold on to the gold forever and let it sit there.  If the extra gold were re-invested and pofits payed out to the current holders of XAU annually, that would fix the POS issue.  Also there is about 55,000 dollars invested into this currency.  Each XAU right now is greatly inflated by the crypto market already.  And mining it at the moment is not profitable.  So everyone is paying to create this coin.  So if the second rule were changed to everyone with even a small amount has equal say in the coin.  That would be better IMO.  Also a business model needs to be created, and gold that is needed to back the currency held, and insured.  Maybe burn XAU until there is enough to build a goldmining company?  Then the company is owned by XAU holders.  Should build infintely.  And be completely democratic. 

The mining is profitable (if you measure it in XAU, BTC or dollars) and holders get profits (measured in gold). Xaurum is not inflated because it isn't a 1:1 gold coin, it is an increasing commonwealth that uses gold to secure and increase value. A business model is already working (Auresco that buys stores gold gets rabate on gold purchases, miners get a discount, holders get more and more gold) so everyone is profiting from creating Xaurum.

As for voting, both 1-coin-1-vote and 1-wallet-1-vote are insufficient as systems of decision making. When we get to that point (not soon), it will not be by a simple vote system, but some kind of deliberation scheme (to avoid being determined by capital interests and popular false opinions).



 

[Bumblez]

Shareholder system does not work in the real world.  Those who have money or influence already (guardian notes possibly) could be used to control the currency.  Need to be finite, and simple.  It makes no sense to hold on to the gold forever and let it sit there.  If the extra gold were re-invested and pofits payed out to the current holders of XAU annually, that would fix the POS issue.  Also there is about 55,000 dollars invested into this currency.  Each XAU right now is greatly inflated by the crypto market already.  And mining it at the moment is not profitable.  So everyone is paying to create this coin.  So if the second rule were changed to everyone with even a small amount has equal say in the coin.  That would be better IMO.  Also a business model needs to be created, and gold that is needed to back the currency held, and insured.  Maybe burn XAU until there is enough to build a goldmining company?  Then the company is owned by XAU holders.  Should build infintely.  And be completely democratic. 

The mining is profitable (if you measure it in XAU, BTC or dollars) and holders get profits (measured in gold). Xaurum is not inflated because it isn't a 1:1 gold coin, it is an increasing commonwealth that uses gold to secure and increase value. A business model is already working (Auresco that buys stores gold gets rabate on gold purchases, miners get a discount, holders get more and more gold) so everyone is profiting from creating Xaurum.

As for voting, both 1-coin-1-vote and 1-wallet-1-vote are insufficient as systems of decision making. When we get to that point (not soon), it will not be by a simple vote system, but some kind of deliberation scheme (to avoid being determined by capital interests and popular false opinions).



 

Sounds great.  Solid ideas.  I had an idea I would like help from the mining community.  There are these 200 dollar solar panels, you can buy at home depot.  Turning sunlight into gold would be a great thing I think.  Im not sure how to achieve this without connecting the panels to an already existing electrical system.  Would like to have it running just the mining rig.  I am no engineer, so was wondering if anyone knew how to achieve this without setting my house on fire.  Any help would be appreciated.  Thanks in advance.

[Puhi]

Shareholder system does not work in the real world.  Those who have money or influence already (guardian notes possibly) could be used to control the currency.  Need to be finite, and simple.  It makes no sense to hold on to the gold forever and let it sit there.  If the extra gold were re-invested and pofits payed out to the current holders of XAU annually, that would fix the POS issue.  Also there is about 55,000 dollars invested into this currency.  Each XAU right now is greatly inflated by the crypto market already.  And mining it at the moment is not profitable.  So everyone is paying to create this coin.  So if the second rule were changed to everyone with even a small amount has equal say in the coin.  That would be better IMO.  Also a business model needs to be created, and gold that is needed to back the currency held, and insured.  Maybe burn XAU until there is enough to build a goldmining company?  Then the company is owned by XAU holders.  Should build infintely.  And be completely democratic.  

The mining is profitable (if you measure it in XAU, BTC or dollars) and holders get profits (measured in gold). Xaurum is not inflated because it isn't a 1:1 gold coin, it is an increasing commonwealth that uses gold to secure and increase value. A business model is already working (Auresco that buys stores gold gets rabate on gold purchases, miners get a discount, holders get more and more gold) so everyone is profiting from creating Xaurum.

As for voting, both 1-coin-1-vote and 1-wallet-1-vote are insufficient as systems of decision making. When we get to that point (not soon), it will not be by a simple vote system, but some kind of deliberation scheme (to avoid being determined by capital interests and popular false opinions).

So the the goal is to create a currency backed by gold forever. There are obvously no plans to expand it into some kind of business.
two thing should be covered in future:
1. Decentralisation of gold storage and direct melting into mints
2. Decentralisation of decision making

Auresco should become facilitator not stakeholder.

[nihilnegativum]

Sounds great.  Solid ideas.  I had an idea I would like help from the mining community.  There are these 200 dollar solar panels, you can buy at home depot.  Turning sunlight into gold would be a great thing I think.  Im not sure how to achieve this without connecting the panels to an already existing electrical system.  Would like to have it running just the mining rig.  I am no engineer, so was wondering if anyone knew how to achieve this without setting my house on fire.  Any help would be appreciated.  Thanks in advance.

Nice, a  gold plantation sounds amazing. I hope it works out with the house and all.

So the the goal is to create a currency backed by gold forever. There are obvously no plans to expand it into some kind of business.
two thing should be covered in future:
1. Decentralisation of gold storage and direct melting into mints
2. Decentralisation of decision making

Auresco should become facilitator not stakeholder.

Specialized functionality is efficient, our business is the storage and increase of xaurum value.
Auresco already is a facilitator not a stakeholder (it could be a stakeholder just in the way others are, by buying/mining xaurum). We have plenty of work, before we can even start planing aspects of decentralization (that doesn't just mean the infrastructure, but also project development funds)

[Aurum Project]

Here are the stats for the 22th payout:

We have mined new 1,139369685 Xaurum and transformed electricity into
  2,550600 more grams of gold. We now have 1202,083364 of total Xaurum money supply, backed by 1363,569087 g of gold. This means every Xaurum is now worth 1,134338207 g of gold, and can be melted at this ratio.
 
This payout is for friday, saturday payout tomorrow.

[Aurum Project]

Here are the stats for the 23th payout:

We have mined new 0,962447292 Xaurum and transformed electricity into
  2,15454044 more grams of gold. We now have 1202,868889 of total Xaurum money supply, backed by 1365,327568 g of gold. This means every Xaurum is now worth 1,135059341 g of gold, and can be melted at this ratio.
 
Saturday payouts.

[NoobKidOnTheBlock]

So is the multipool only mining BTC? Cause when I last logged into it I could've sworn that all I seen was mining for BTC???

[Aurum Project]

Reporting in from our Xaurum booth @ gaming resorts

[Aurum Project]

So is the multipool only mining BTC? Cause when I last logged into it I could've sworn that all I seen was mining for BTC???

Yes, its only BTC now, we're adding algorithms one by one, next added will be scrypt then x11.

[Aurum Project]

If you're into counter strike, watch the stream.