Bitcoin Forum

beware of these giga watt hosting!
https://blog.bitmain.com/en/gigawatt-infringement-announcement/

Do you have any proof that they're a scam? I mean yeah it's sketchy but I mean aside from the obvious, most "miner hosts" are scam attempts. Did you deal with them directly or did you see proof somewhere?

Maybe OP has just warned us to stay away for this site so that people will not be scam by them. And im little bit vigilant on any mining investment since many of them already scam people outhere and they accumulate more than we expect so we better be carefull and make this a warning on investing at any of them.

thank you for giving us a warning but do you have any proofs? we need to verify it first before judging , what if they have a legitimate site , you will be punished by saying that we should be beware abd they are scam. You must be carefull in all the things that you are saying to your co-bitcoiners, because any wrong action has a punishment, just a friendly advice only.

All so called mining hosting turns up to be a scam today or tomorrow. Still there will be people looking for a quick rich dream and investing. Would have been wise if you can throw some light on why you call giga watt a scam so that we can also take a note of it ?

Thanks for the reminders and as I have read on the name of the site it shows bitmain which we do know a reputable company do offer or sell miners either asics or on altcoin but I would really say that this blog has no connections on it. Giga watt miner? Anything on cloud isn't the thing who do I trust.Ive done on cloud mining on whatsoever on this field.

There were a few out there, based on the fact that they realized that mining with the hardware they had was not profitable, so they tried to increase revenue by renting the use of the hardware.  Even those do not last long because they cannot keep long term clients. I haven't heard of any minning site which paid in the long term.

Yes, I have known some people who do offer such kind of service but most of them do fail and as you said they cant sustain for longer basis which mining difficulty increase at the same time the cost of maintenance on running those miners.We do know as the time goes by miners gets out dated which means it wont really profitable already.

For the most part, any easy to mine coin is in the potential stage.  Once that potential begins to manifest is when the minig diff will shoot up and quick most of the time.

There are a couple groups of people sitting out there watching the Crypto alt coin markets and forums.  One of those groups is comprised of mining pool operators.  Rather than directly mine the coins themselves, or in addition to, they operate a mining pool server and when a coin is about to take off or might, they add it to the pool and advertise the fact in the announcements for the coin.

This does help the coin dev and the coin, but for the most part, if a person has the knowledge to compile coins, run a server and run a pool, gives a person an easy percentage of potentially successful coins and with little mining on their part. 

Well this is just he basic part when it comes to a newly launched crypto or coin. yes its really easy to mine a coin on its earliest days and as if people will mine it day by day difficulty does really increase.

The best part of running the pool is that the coins roll in on the popular ones and not as much on the duds, a perfect system. Personally, to find coins that can be mined and show a profit, I hit new coins and watch a few of the coin info sites, parsing the data by date and age, adding algo and choose from there.

Unless you are living on country wich generation cost is less well surely you don't need to get worried on mining difficulty, And even we have high cost of electricity here my friend still run his own mining rigs and perfectly he earns 5$ a day per GPU and that is not bad amount to earn in a day.

I fully agree with the previous comment. Opt for running your own rig and forget about Bitmain and Gigawatt.

None of these companies enables you to select which coin u d like to mine.

$5 in a day with gpu mining might not be enough or just a dust amount for some but for those people who do live on developing countries would see this amount would be enough already to sustain living.GPU mining would really be decent if you do know what coins you would mine and also having a knowledge on technical and programming skills would really be a plus.

The other watchful group are the miners.  They are literally waiting and watching for different new coins and mining them the moment they are out there.  Some of these simply belong to multiple pools and watch those, others watch the forums and still others watch sites like github.

You can watch a few basic github repositories and when one of those is cloned, there is a good chance a coin will follow.

You need first time to provide to all a proof . I have already emailed with a support from giggawatt and i have reserved 11 pre order rigs . Hmmm your words makes me to be a little afraid .... , i dont know if they are really really scamm . I think they are a legit company with the cheapest power electricity in the world . Also the support told me that he can deliver anytime to worldwide the components of our rigs anytme.we just need to pay a fee for uninstallin the rig

Although it's not enough for thus guys who want instant big profits to their wallet but I think its still reasonable unlike those other who offers those to good to be true profits, And I would rather spend on my own rigs rather than be fooled for those cloudmining wanna be. But if you doesn't have any skill on technical skills as you said you can actually hired some guys who can do it for you so that you can set up your rigs excellently.

Why invest on cloud mining when almost of them are scams and the return of investment takes a long time. If you invest by getting your money on from faucets then its ok [since it is easy money in faucets], but putting a hard earned money is a great risk. In cloud mining you are dealing scams most of the time if you try sites that are newly made. Even it is legit like genesis and hashing24 it will be a hard time for the return of investment. For me, it is not advisable to rely on cloud mining because it is not permanent.

Some of them are ponzi and others are totally scam so people should need to be worried right now since anything bad might possible on this kind of investment and its truly better if we just leave the cloudmining investment thing since we cannot get any benifits their and the one we can earn is to get scam by them.

Dear Gigawatt investors,

Like yourself I invested in the Gigawatt project believing the developers, I am aware how risky the crypto space is...
Gigawatt is an American company though and there are some countermeasures we can take as customers.

Some of you agree that gigawatt made falls claims about timeline. Excuse was unforeseen trouble although they advertise that they do this for years. After taking our money and knowing they are delays, they kept selling miners they could not deploy as advertised, second mistake.

The customer service is terrible. No updates no answers to emails, third mistake.

I believe we should do what is our right and spread the word... I ask you, and I was censored on their Telegram Chanel for this (and this from people who are in the cryptospace), but go out and spread the word:

Go on Facebook, twitter  anywhere, write what happened:
1. Gigs-Watt is not reliable
2. They make false promises
3. They have a terrible customer service
Many of us will not make a cent because of the lies of gigawatt, let's save others

Before some fanboy defends them: gigawatt took a lot of money and did not deliver. On their mane internet page even after the known delays,  they lied and ignored us. Time for payback. Because customers are always right! Censoring  people on Telegram, claiming you believe in crypto and what it stands for shame on you!!!

Why do you say this company is a scam? I do see their owners and the actual location s been verified. Not to mention they have been in the market for years. I think I ve even read testimonials of some people actually going to visit that place.

I m always against cloud mining options, besides a single one I ve been using for years without issue; DMD Diamond.  However, this is different, this is classic hosting so I do not see a problem here.

Can you provide links for their location verification and testimonials with pictures/videos of anyone who's been to visit their facility? I haven't come across anything of the sort...

This is what I'm talking about on my previous post on this thread which we should really be careful on these kind of things because theres always been a shady part on these kind of investments. Seeing on your situation,i presumed that you did put investment on that one,right? If you did then for sure its a sure loss and this would really be lesson for you and no matter how you do spread their shady behavior you cant take your money back for sure.

Yes I do spread, Giga-Watt is one crypto investment. But yes again, it is better to invest in coins directly... I do not believe company is total fraud. They actually are building something. But they are acting unprofessional, and I fear this project is not going to last, so yes again, it is very likely I want even see ROI...

For people interested in investing in this project (I still believe the concept is good), I would wait until the dust settles and they proof they can manage their business. They are still selling miners on their site, even though some people waiting for orders from July 2017... I think in January 2018 more will be clear


P.S. Update on situation. They are still not ready and adding delays withPods.
They charge you for 1200W on D3 miner with 15 000Mh/S  although people who got their miners back from Giga-Watt and are mining at home say they get much better statistics... The D3 can do better than that, and Giga-Watt insists it is the D3 software that is faulty, Giga-Watt doesn't´t tune (so much for them being experts on mining...). So yet again they manage to take care of themselves.. The guy on their Telegram Chanel said to customers today: "stop acting like child for not getting your toys"
Some people invested hundreds of thousands... This is so unprofessional and disgusting. And Dave Carlson? He laughs all the way to the bank. Nice person 

Thanks For Informing atleast. Atleast we are now aware of this scammed sites. tsk

I too saw their advertisements but somehow not confident to put money on any of these mining sites so didn't invest money and now I feel that lucky and saved my money.

There are so many these kind new projects are coming up but still, people invest money in these projects just because there is no proper system to verify which one is good and which is bad.

I was not on the ICO, I missed it, but kinda glad I did. I e-mailed them asking when pods would be available for non token holders. They said Dec to late Dec. and were fairly friendly. Then I checked in on them and asked if they would have any of the S9 Late Jan batches available to buy, so it could go straight into a pod. A bit harsh response (kind of rude/cocky), still no reply on the purchase inquiry. Would have wanted to get from them for the space, but now will just get from Bitmain.  Feel sorry for the token holders. They don't project manage well. That's what I do. I don't think they anticipated the permits and inspections. That can be a real problem. They are running late on their own token holders, so I will have to look elsewhere in the US for a Hosting location with credibility. Have 3-5 in between now and January that need to be hosted. It seemed like it started well enough, but I guess time will tell.  In the meantime, anyone know of a thread for hosting facility reviews, I would appreciate it (forum's search feature down).

Much thanks to you for giving us a notice however do you have any verifications? We have to check it first before judging , imagine a scenario in which they have a true blue site , you will be rebuffed by saying that we ought to be careful abd they are trick. You should be carefull in every one of the things that you are stating to your co-bitcoiners, in light of the fact that any wrong activity has a discipline, only a well disposed counsel as it were.

Did you manage to find an alternative hosting facility? 

As to delays - it's really extremely difficult to pass all these inspection approvals, like described in recent building update below:

Pangborn Update:  10 April 2018 - As the weather gets nicer so does our progress on construction.  We have 2 more pods that are ready for racks and equipment to begin placement, while our deployment team has finished yet another pod. 
While the project is nearing completion we have been dealt one more set back.  The PUD has required a special control cabinet for their side of the operation.  The cabinet requested is very meticulously put together and it has to be made to the exact specifications that the PUD has requested.
While we are waiting on the last pieces to arrive for our substation we are doing everything that we can to get power faster.  We have contracted a solution to bring in a mobile substation to provide  temporary power until the permanent substation is completed and powered. To make way for the mobile substation and our permanent one we need to make an H-frame to get the main power line down to the ground and have a metering cabinet installed by PUD.  If this is a viable option and is approved by the PUD we will have power to Pangborn in 2-3 weeks, we are doing our best to bring it to life as soon as we can, considering PUD time lines and approvals.  When we started we could not foresee these estimated difficulties and standards that were going to be needed by the PUD.  While these standards are very detailed and time consuming to conform to there has been a moratorium for cryptocurrency mining in neighboring counties  and it is pushing the Douglas County PUD to get a fast spin on the project.
Giga-Watt continues to show resolve and push forward in all phases to get deployment completed and all equipment online.

After so many cloud mining scam and even more cloud mining scam warnings, if people STILL get themselves scammed by these people or something similar, well,I d have say I am disappointed.

How can you invest money into something without actually doing deep analysis first?

What distinguishes Giga Watt from similar services is that it is not a cloud mining.  :D   You own your rigs if you host them at GW, an you can always send them elsewhere.

Here is brave news from their team, as they are approaching to finish the biggest facility now:

https://medium.com/gigawatt/giga-watt-going-forward-f5f2f9c88e71

Good information but I will like to see or read  more detail backing  your clams