What is digital currency mining?
Digital currencies are designed to work as a medium of exchange. They use cryptography to secure and verify transactions in a decentralized ledger as well as to control the creation of new units. Digital currency miners use computing power to maintain the ledger of transactions in a process called “mining”. Once a piece of the ledger has been successfully mined, the miners are rewarded with a small amount of digital currency. That’s what we do at VARIO, but on an enterprise scale.
Why We’re Different
VARIO is making digital currencies accessible to all.
It’s not easy to mine or even purchase digital currencies. From securing keys to investigating which currencies are real and which ones are scams, it’s a time consuming and complicated process. This reality restricts most ordinary people from becoming a part of the blockchain economy.
At VARIO, we do exhaustive and continuous research to select digital currencies that are set to increase in value above others. We know how to mine those currencies securely and efficiently, and we’ve had a lot of success doing it.
Now, we want to use our model to make digital currency investing accessible to all Canadians by offering shares in our company. You can rely on our experience to help you build digital currencies into your investment portfolio using a more traditional investment mechanism.
VARIO Model
High-potential digital currencies
We’re in the business of mining and holding high-potential digital currencies. We identify overlooked coins further down the index that are poised to grow in value. We punch above our weight class because we’re not in competition with huge global miners. These huge miners tend to focus on a few of the more dominant coins.
Proven model
The VARIO model is proven. Our initial production facility in Vancouver, BC has been in operation since December 7, 2017 with $500,000 worth of profitable hardware running. Upon completion of our Series C raise, our Vancouver facility will become our testing and development facility and our new facility will become our main mining site.
Diversification
We’re mining a diverse portfolio of digital currencies. That means we mitigate our risk and have the flexibility to respond to changes in the market very quickly. While many digital mining companies focus on one coin, we focus on a variety of coins, allowing us to find value and adapt quickly.
Acquire and hold
We believe that blockchain technology and digital currencies will change the world. If the value of the digital currencies we hold increases, our value increases. By holding a diverse range of digital currencies, we are working to mitigate downside risk and facilitate growth.
Environmental sustainability
Crypto-mining is an energy-dependent business and it can be environmentally wasteful. We’re mining in hydro-powered British Columbia, Canada, using renewable resources. Our new facility, also in British Columbia, is located in a cool climate where nature will take care of the cooling for us. No more dirty warehouses without environmental controls. Expanding further into solar and other renewable sources of energy is part of our long-term plan.
Security
Our mining operations are based in Canada and our security controls are enterprise-grade, meaning we house our hardware in the same facilities that large corporate institutions do. We have negotiated cost-effective power and location agreements with world-class data centre partners.
Set for future growth
Our founders built VARIO from the ground up with all the proper accounting, legal controls, and compliance measures in place. We have partnered with FrontFundr for our Series C raise and have completed a rigorous due diligence process to prepare. FrontFundr’s equity crowdfunding model is compliant with Canadian securities commission regulations and our offering has undergone much more rigorous scrutiny that an Initial Coin Offering would require.
By starting with a great foundation, we are well prepared for a future initial public offering to fuel further stages of research and growth and benefit our early investors.
Want to get into cryptocurrency but just don’t get it?
Vancouver, Sept. 25, 2018 – The people behind VARIO, a digital currency mining company, are tech unicorns. They know enough about the cryptocurrency market to create a viable entry point for potential investors – a Canadian first - and enough about people to get them...
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Digital Currency – Crypto news of the week
By Jason Pigeon, VARIO CEO, and Founder Hi all, it was another interesting week in the crypto world, next week should be really interesting as all Canadian’s can invest in VARIO’s crowdfunding campaign from Tuesday! We are really excited around here....
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Our take on the crypto news of the week
By Jason Pigeon, VARIO CEO and Founder September 17, 2018 Well, it’s the Monday following an interesting week in the crypto world and I’ve done a summary of the stories that I thought were of most interest. Don’t forget to follow us on social media @VARIOmining to...
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