ORV, Hashrate, DAO

What is the Ormeus Reserve Vault (ORV)?
Whereas FIAT Currency is no longer backed by Gold, it is susceptible to the economic stability of its issuing authority (most often governments). Ormeus...
Wed, Nov 7, 2018 at 1:44 PM
What is a DAO and why is it beneficial?
The Reserve Vault (ORV) is being upgraded to act as a Decentralized Autonomous Organization, (DAO), and what that means is that Ormeus will hard-code certai...
Tue, Jul 17, 2018 at 2:02 AM
Is the plan to have the ORV become a DAO still in place? If so, is there a rough timeline of when that might happen?
Yes, the plan is still in place for ORV to become a DAO. The current expectation is at the end of Q2 2019.
Tue, Jan 29, 2019 at 12:56 PM
What are Smart Contracts?
Smart contracts will provide complete transparency, when money comes into the company, people will be able to see the different amounts of money that go to ...
Tue, Jul 17, 2018 at 2:04 AM
What is ORV and smart contracts?
Ormeus places 40% of the profits from mining operations on a daily basis in a designated multi-signature digital wallet. This secure digital wallet will be ...
Tue, Jul 17, 2018 at 1:29 AM
Is the Ormeus Reserve Vault (ORV) transparent? Can I watch transfers?
Yes! ORV is totally transparent. You can see all activity in our Vault at: https://orv.ormeuscoin.com/
Tue, Jul 17, 2018 at 1:30 AM
How many Petahash Mining does Ormeus Coin currrently have?
250 Petahash (PH/s)
Sat, Feb 2, 2019 at 10:09 AM
Are we still on track to reach 700PH by end of the year?
This is John Barksdale’s personal goal, not based on the 40% we buy.
Wed, Sep 5, 2018 at 9:31 AM
Why doesn’t the ORV reflect the market cap showing in Coinmarketcap?
The richlist will be done soon and the circulating supply was requested to be updated by Q4.
Wed, Sep 5, 2018 at 9:33 AM
Explain the ORV5C: why did we see it in the ORV total amount one day, and now it’s gone?
All BTC coming in was moved to ORV5C from ORV 1-5-- the system was just showing a duplicate and this has been resolved.
Wed, Sep 5, 2018 at 9:34 AM