FAQ

FAQ- Frequently Asked Questions

Where are you located?

We are a Canadian based company.

Our head office is located at 200 375 Water Street, Vancouver BC  V6B 5C6

We have a mining facility in Vancouver, British Columbia

We are building a second mining facility in Northern British Columbia

How can I contact you?

Email us: info@variomining.io

How long has VARIO been in business?

We’ve been in business since July 2017 and have been mining digital currencies in our first facility, located in Vancouver British Columbia since December 2017.

Is VARIO a publicly traded company?

No, VARIO is a privately held company. However, a series C funding round will launch in August 2018 allowing Canadians to invest in VARIO through an exempt market dealer, FrontFundr.

How can I purchase securities in VARIO?

Canadians can purchase securities in VARIO through FrontFundr.

Why equity crowdfunding?

In considering a Series C funding round, our founders considered all available options. 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.

Who is your legal and financial counsel?

Legal Counsel and Financial Counsel names.

How does digital currency mining work?

Put simply, digital currency miners validate transactions in a blockchain and are rewarded with digital currency. See the process in detail.

What digital currencies do you mine?

We mine a variety of “altcoins”  or what we call “high-potential digital currencies” changing in response to the market. We do not mine Bitcoin, Etherium, or other “big player” coins.

How does VARIO make money?

VARIO’s value lies in the digital currencies we hold. We acquire digital currencies through mining and profit as their values increases.

Why hold coins as opposed to selling them?

We only convert or sell the amounts of digital currency required to cover our operating costs. By holding a diverse portfolio of high potential coins, VARIO stands to increase in value as the digital currency market increases in value.

How do you secure your coins?

We deposit the coins that we mine into a secure digital wallet and instill stringent security measure to protect against cyber security threats. Our COO is a security operations specialist with international experience building and maintaining military-grade data centres and our data centres are enterprise class.

Why Altcoins?

Mining altcoins allows us to 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. By choosing the right coins, we are able to profit as they rise in value.

How do you select currencies to mine?

We select high potential cryptocurrencies that we believe are undervalued and overlooked. We base this on the team……

How will you source hardware?

We’ve developed a strong relationship with our supplier, allowing us to purchase units in a very competitive market.

Why GPU mining?

GPU mining unlike ASIC mining, which is customized for mining Bitcoin, can be used to mine any digital currency. That gives us the flexibility to switch between various coins.  

What are your assets?

We own and operate a mining facility in Vancouver, British Columbia and will own another mining facility in Northern British Columbia.