Veritas Mining

Our Vision - At Veritas Mining Company, we believe in 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. 

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.

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.

Ecosystem - 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.

Partnerships - We have successfully secured the cheapest form of industrial scale, renewable green energies such as Solar, Wind and Bio-gas/waste. We would be equipping our mines with green heat management technology infrastructure and also using cloud systems to manage and monitor our mines remotely, controlling everything from ventilation systems to the mining rigs and ASICs themselves.  

Funding - In order to attain our goals on our milestones and road map, we will be raising the funds required through a token sale. The token holders will be rewarded with dividends of profit sharing in the form of Ethereum every quarter. We hope that in this way, a long term source of income will be available to our token holders, therefore also increasing the capital value of our tokens itself. 

We aim to build and grow an ecosystem that is supportive of one another in terms of growth and economies of scale. These are the technologies and activities we will pursue :
Utilising the most advanced and efficient mining rigs and ASICs for optimised retuning for our ECO-Mining operation. 

Creating Ponos-Mining, a software application in which would allow normal systems to mine for the most rewarding cryptocurrencies during the computers’ idle time or anytime the user wishes to. An algorithm will select the cryptocurrency to mine based on computer hardware and also profitability of cryptocurrencies. striking a balance between efficiency and profitability. We will be forming our own mining pool with this platform.

We will also create our own multi cryptocurrency wallet, Vidulum that will allow exchanges to be made within itself with an exchange API. Simply put, a wallet and exchange all in one platform.
A Marketplace platform, OneMarketStreet. It allows our users to browse and invest in both fiat and crypto financial instruments and also keep track of their portfolio and balances in real time. This will be a platform for retail services in the future.  

Eco-Mining 
This division will be the core of our business and will be utilising the most advanced and efficient ASIC miners as well as mining rigs. We believe that crypto mining will only expand in the future and the requirements of energy will only increase. We intend to be part of a movement to move global mining towards renewable and sustainable energy sources to ensure that Proof-of-Work (PoW) crypto ecosystems will be sustainable in the long term. We also aim to attain higher profitability through the usage of cheap renewable energy sources and technological advances. 

Ponos-Mining & Mining Pool 
Ponos-Mining 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. In simply put, this will allow anyone who doesn’t know how to mine to be able to. In today’s context, crypto mining is still very “alien” to most people. What turns people away from crypto mining is the time required to understand what crypto mining essentially is, what hardware to purchase, how to set it up and after which, how to troubleshoot any problems that will occur along the way. Finally, how to optimise one’s operation to ensure that the amount one mines is able to be profitable. And most people do this with a day job. We are here to make crypto mining easy, fun and educational.

Wallet & Exchange
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. Quarterly dividends will also be credited into this wallet once it’s developed. And as our mines grow in size and value, we believe that our token would also appreciate in value as the dividends increases and is not diluted due to our token being not mineable and having a fixed supply of it circulating in the market, thus allowing our token to used as a bond or asset of some kind that is fungible and be able to use it as pledge or collateral if required. We also would be working with banks in the future to issue physical cards to withdraw fiat currencies or use as a credit card with the tokens being the collateral for the credit lines. The wallet would allow the users to track their transactions in real time via it’s platform.  

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

We aim to develop our OneMarketstreet platform to serve as a marketplace in which our users will be able to browse and look for any kinds of financial investments or instruments both crypto and fiat, make trades for other crypto or fiat currencies and keep track of the user’s investment earnings in real time basis. As more financial services are heading towards block chain technology, we believe that this platform will be a prospective launch pad for them.

We also further believe that in the near future, retailers would be able to use our marketplace platform to launch their products and advertise on it. All these are being planned with the basis of creating a dividend backed token.

Milestone 1 

In our first milestone we aim to raise a minimum of US$ 1 Million. 75% of the funding will be used in the immediate purchase of the most advanced and efficient mining hardware (US$ 750 Thousand). We would be purchasing SHA-256 ASICs, Scrypt-enabled GPUs/ASICs and X11 ASICs in our initial order.  

Milestone 2 

Attain a total of US$ 2.5 Million through the token sale and again to invest 75% thereof directly into the mining rigs and ASICs of various specifics and integrate them into the mining infrastructure. As again, conservatively expect a rate of 20% on return on investment per month from the commencement of the mining operation. And again, we aim to increase this rate to 60% per month by means of further economics of scale, efficiency of energy usage and with technological assistance in terms of lowering operating costs with the second milestone being attained.

Milestone 3 

Upon attaining US$ 4 Million through our token sale and again investing 75% thereof directly into the mining rigs and ASICs of various specifics and integrate them into the mining infrastructure. As again, conservatively expect a rate of 20% on return on investment per month from the commencement of the mining operation. And again, we aim to increase this rate to 60% per month by means of further economics of scale, efficiency of energy usage and with technological assistance in terms of lowering operating costs with the third milestone being achieved. 

We would be building our multi-cryptocurrency wallet, Vidulum on the Ethereum Blockchain. Our wallet will begin the development phase upon the third funding milestone being achieved, concurrently with the launching of our mining operations. Targeted to be launched by the 4th quarter of 2018. Our expected revenues from our Ponos-Mining platform will increase due to the higher budget for marketing.

Milestone 4 

Upon attainment of US$ 7.5 Million through the fourth stage of this token sale and again, 75% of the funds received will go into the purchase of mining rigs and ASICs of various specifics and integrate them into the mining infrastructure. As again,conservatively expect a rate of 20% on return on investment per month from the commencement of the mining operation. And again, we aim to increase this rate to 60% per month by even further means of economics of scale, efficiency of energy usage, reduction of energy usage by more advanced and better means of cooling systems and with technological assistance in terms of lowering operating costs with the fourth milestone being achieved. 

Milestone 5 

Upon attainment of US$ 15 Million through the fifth stage of this token sale and again, 75% of the funds received will go into the purchase of mining rigs and ASICs of various specifics and integrate them into the mining infrastructure. As again,conservatively expect a rate of 20% on return on investment per month from the commencement of the mining operation. And again, we aim to increase this rate to 60% per month by even further means of economics of scale, efficiency of energy usage, reduction of energy usage by more advanced and better means of cooling systems and with technological assistance in terms of lowering operating costs with the fifth milestone being achieved.

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

Token Structure & Issuance 

Token Symbol : VRTM

Token Type :  Ethereum ERC 20

Token Supply : 135,000,000 (Includes bonuses)

Token Price : 1 VRTM = 0.001 ETH

Pre-sale Date : 28th October 2017

General Sale Date : 24 th November 2017

Minimum Purchase : 0.25 ETH

Soft Cap : 1750 ETH or US$ 500,000 / - **

Hard Cap : 100,000 ETH

Veritas Mining Website : https://www.veritasmining.co/

Veritas Mining Telegram : https://t.me/joinchat/CvhCSRGJrlvYHnVN6LJDhQ

Veritas Mining Whitepaper : https://docs.wixstatic.com/ugd/69d1f1_e49b8e61526e413d97116ab1620e9e86.pdf

Veritas Mining Twitter : https://twitter.com/VeritiumMining

Profile bitcointalk : https://bitcointalk.org/index.php?action=profile;u=1718302
Eth Addr : 0x266Ff5EBb709d2dC6A2DF80a2E9ebAA98324084f