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

[Aurum Project]

Hello,
we're back from Turkey, Istanbul, where we met with the CEO and other representatives of Nadir metal rafineri, to discuss the future cooperation with Xaurum and Xaurum allies. More info will be posted next week.

[Bisk75]

Nice to see that someone else is mining too  

[Bisk75]

No more 

[Bisk75]

We all are waiting for NEWS

[Aurum Project]

We've travelled east, to Turkey, Istanbul to discuss and arrange two separate matters regarding Xaurum. The first is the gold store, the second is the safe-keeping of the Xaurum gold reserves and the protocol to handle them.

The first matter concerns the gold store. Auresco Institute and Aragorn ltd. will partner for this project and have received Nadir's exclusive representation for the Slovenian market, meaning that we'll be able to provide our customers with the most competitive prices of gold. The gold store will also include a digital store, to sell gold globaly, and will be an important part of Aurum project, as it will donate some of its profits to the Xaurum CommonWealth and contribute to Xaurum's growth. We were very well received by Nadir, they have also shown us many of their different branches and even their manufacturing facility.


Grand Bazaar with Nadir stores.


1 kg goldbar sample




X-ray gun for determining the composition of gold.

 The second matter is the storage of Xaurum gold. Nadir, Turkey's largest private gold refinery, that processes 125 tons of gold per year, currently stores most of Xaurum CommonWealth gold reserves, but this is a temporary solution, because Nadir can't legaly keep their customer's gold for longer periods of time.

In search of a long-term solution, we've met with the representatives of Loomis, an international company that provides efficient cash handling for central banks, large commercial  banks, large retail chains, etc. but also smaller enterprises, to arrange the storage of Xaurum CommonWealth gold reserves, with full insurance. We've come to an agreement, however the contract is not yet signed, as we need to determine the details of the storage protocol first. The main issue to decide is, whether to proceed with a low cost solution, where Loomis would store gold in 1 kg bars, deliver them to Nadir to melt into 1g cards and ship them to us and Auresco ships to the users, or we'll store 1g cards and try to arrange for direct shipment to users. When we decide the best course of action, we'll sign the contract digitally. The added benefit of Loomis storage, will be the possibility to digitally access to the information about stored goods. This means we can make our Auresco account open, so all users can have direct access to directly verify the quantity of Xaurum CommonWealth gold reserves.


Gold industry building, with offices of the Turkish branch of Loomis.

Imagine a decentralized crypto asset backed with gold, where miners cooperate instead of compete, an asset where instead of evolving towards centralization, we're evolving towards decentralization, an asset whose creation preserves and increase value instead of destroying it. This is our goal, and we're working hard to achieve it.

http://nadirmetal.com.tr/en/home/
http://www.loomis.com/en/

[Bisk75]

Great!!! There is a future!!!!

[nihilnegativum]

onward and upward

[Bisk75]

So let's mine, invest & save

[kavjlaeg]

No more 

XZHorexmAV2FFGkMq3NvZ8dQnJwV8n2y9M  minig March 26, 2016 at 20th/s
today April 05, 2016  no payments for mining

[Bisk75]

Was told that it will be today :-)

[kavjlaeg]

Was told that it will be today :-)

...no money, no honey.

ps
April 06, 2016  no payments for mining

[johny08]

We've travelled east, to Turkey, Istanbul to discuss and arrange two separate matters regarding Xaurum. The first is the gold store, the second is the safe-keeping of the Xaurum gold reserves and the protocol to handle them.

The first matter concerns the gold store. Auresco Institute and Aragorn ltd. will partner for this project and have received Nadir's exclusive representation for the Slovenian market, meaning that we'll be able to provide our customers with the most competitive prices of gold. The gold store will also include a digital store, to sell gold globaly, and will be an important part of Aurum project, as it will donate some of its profits to the Xaurum CommonWealth and contribute to Xaurum's growth. We were very well received by Nadir, they have also shown us many of their different branches and even their manufacturing facility.


Grand Bazaar with Nadir stores.


1 kg goldbar sample




X-ray gun for determining the composition of gold.

 The second matter is the storage of Xaurum gold. Nadir, Turkey's largest private gold refinery, that processes 125 tons of gold per year, currently stores most of Xaurum CommonWealth gold reserves, but this is a temporary solution, because Nadir can't legaly keep their customer's gold for longer periods of time.

In search of a long-term solution, we've met with the representatives of Loomis, an international company that provides efficient cash handling for central banks, large commercial  banks, large retail chains, etc. but also smaller enterprises, to arrange the storage of Xaurum CommonWealth gold reserves, with full insurance. We've come to an agreement, however the contract is not yet signed, as we need to determine the details of the storage protocol first. The main issue to decide is, whether to proceed with a low cost solution, where Loomis would store gold in 1 kg bars, deliver them to Nadir to melt into 1g cards and ship them to us and Auresco ships to the users, or we'll store 1g cards and try to arrange for direct shipment to users. When we decide the best course of action, we'll sign the contract digitally. The added benefit of Loomis storage, will be the possibility to digitally access to the information about stored goods. This means we can make our Auresco account open, so all users can have direct access to directly verify the quantity of Xaurum CommonWealth gold reserves.


Gold industry building, with offices of the Turkish branch of Loomis.

Imagine a decentralized crypto asset backed with gold, where miners cooperate instead of compete, an asset where instead of evolving towards centralization, we're evolving towards decentralization, an asset whose creation preserves and increase value instead of destroying it. This is our goal, and we're working hard to achieve it.

http://nadirmetal.com.tr/en/home/
http://www.loomis.com/en/

Can the x-ray gun detect wolfram rodes inside the bar?

[Aurum Project]

Here are the stats for the 147th payout:

We have mined new 0,941748628 Xaurum and transformed electricity into 2,864345221 more grams of gold. We now have 6572,606733 of total Xaurum money supply, backed by 13323,28242 g of gold. This means every Xaurum is now worth 2,027092592 g of gold and can be melted at this ratio.

[nihilnegativum]

Can the x-ray gun detect wolfram rodes inside the bar?

XRF guns interact with the atoms, they detect the orbital positions of electrons and determine the composition of all the elements. If someone is faking gold by painting over other metal thats very easy to detect, these guns can measure the composition very precisely, and detect the impurities of otherwise solid gold.

Here is more info on how they work
https://www.bruker.com/products/x-ray-diffraction-and-elemental-analysis/handheld-xrf/how-xrf-works.html

[kavjlaeg]

Here are the stats for the 147th payout:

We have mined new 0,941748628 Xaurum and transformed electricity into 2,864345221 more grams of gold. We now have 6572,606733 of total Xaurum money supply, backed by 13323,28242 g of gold. This means every Xaurum is now worth 2,027092592 g of gold and can be melted at this ratio.

good news, but why am I not receiving payment?
worker XZHorexmAV2FFGkMq3NvZ8dQnJwV8n2y9M  mining half a day March 26, 2016 at ~20th/s

[nihilnegativum]

good news, but why am I not receiving payment?
worker XZHorexmAV2FFGkMq3NvZ8dQnJwV8n2y9M  mining half a day March 26, 2016 at ~20th/s

http://goldmine.aurumproject.io/workers/XZHorexmAV2FFGkMq3NvZ8dQnJwV8n2y9M/
was it on 24th?

[kavjlaeg]

good news, but why am I not receiving payment?
worker XZHorexmAV2FFGkMq3NvZ8dQnJwV8n2y9M  mining half a day March 26, 2016 at ~20th/s

http://goldmine.aurumproject.io/workers/XZHorexmAV2FFGkMq3NvZ8dQnJwV8n2y9M/
was it on 24th?

this is a very late payment for work done the week before.
1 worker at ~1.14th/s worked one full day
The work date is approximately March 13 , the payment is also transferred very very late.

ps
after receiving this amount I switched 4 asic miner Antminer S7 for Xaurum project.

[nihilnegativum]

good news, but why am I not receiving payment?
worker XZHorexmAV2FFGkMq3NvZ8dQnJwV8n2y9M  mining half a day March 26, 2016 at ~20th/s

http://goldmine.aurumproject.io/workers/XZHorexmAV2FFGkMq3NvZ8dQnJwV8n2y9M/
was it on 24th?

this is a very late payment for work done the week before.
1 worker at ~1.14th/s worked one full day
The work date is approximately March 13 , the payment is also transferred very very late.

ps
after receiving this amount I switched 4 asic miner Antminer S7 for Xaurum project.

We're looking into it, I think it'll be resolved soon.

[mojosplurr]

Mined for 3 days straight...and no payment?

XGfmtnBoc12Dn1mTT2FtYiTDwTVd3vzpLs

[kavjlaeg]

Mined for 3 days straight...and no payment?

XGfmtnBoc12Dn1mTT2FtYiTDwTVd3vzpLs

They don’t pay and only promised to transfer money.
fake project, stealing hash rate!