Yay! We finally started our Bounty program! Hurry up to reserve your regional activities.Click here
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Attention everyone! Our WTT token pre-sale is underway - https://cryptonomos.com/wtt/presaleThe general sales start on June 2, 2017. The pre-sale entry threshold is 10,000 WTT tokens (equals USD 10,000) Payment methods: BTC, ETH, wire transferPre-sale will continue until 12 pm PDT on June 2, 2017The main reason why you should consider taking advantage of the pre-sale is that WTT tokens will be distributed on the first come, first served basis. So the first buyers will receive tokens in the first batch of issue and will gain access to the capacities which will be completed by the end of the Token Launch. Moreover, the buyers of the first 2.25 million WTT tokens will gain access to the capacities which are in operation right now. To take advantage of the pre-sale, please complete the pre-sale request at https://cryptonomos.com/wtt/presale Hurry up! The number of tokens offered in pre-sale is limited. Please let us know if you have any questions. You can also get answers at https://telegram.me/wtt_token
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As a Token holder's anyone can save money on rental fees that are clear.
In regards of accommodating own mining does token holders need to invest further in (equipment/Rental hardware) just to mine any coin like BTC/ETH/LTC?
As a tokenholder, if you would like to be able to mine anything (BTC/ETH/LTC), you would need mining equipment, yes. |
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Interesting idea on mining referral. But how WTT save 59% on mining costs? Where is the calculation?
On the calculator page - https://cryptonomos.com/wtt/calculator - if you choose "accomodate own miners" and punch in 1 WTT token, you will see 59 cents of saving on mining costs per each token. |
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Media mentions (05.22.2017)Giga Watt:MegaBigPower
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As always, the truth lies somewhere in the middle. Lawyers can sometimes be too hasty and territorial in their response. This was a regrettable combination of simple misunderstanding, bad timing and unfortunate circumstances can you expand on this? i think a bit more transparency would go a long way here. i'm very interested in this ico but the accusations are pretty strong. can you please tell us more, i'm interested in knowing your side of the story. thank you To our regret, Giga Watt is not at liberty to disclose any details of the situation. |
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Giga Watt WTT Token Referral ProgramHi! Are you into blockchain? How about your buddies? Maybe they would be too if they knew more about it? We want everybody to be into blockchain! Join our referral program - help us spread the word and get your rewards. How it works- Create your Cryptonomos account and your personal referral link will be posted on your account
- Log into your account at https://cryptonomos.com/profile and get your personal referral link
- Tell your friends about the crypto world - share the news, interesting projects and ongoing token launches: get them excited about blockchain!
- Send the referral link to Cryptonomos registration to those of your friends who are curious.
- Receive rewards for tokens your friends buy on Cryptonomos.
Referral Program RulesAbsolutely NO:- Context advertising mentioning your brand
- Autoreferral, in which the referring party and their referred party are one and the same
- Sms spam
- Messenger spam
- Social media spam
- E-mail spam
- Forum spam (mass personal messages, repeated posts/threads)
Any attempts to cheat the system will result in immediate account ban and loss of earned fundsYES, allowed and welcome:- Referral link sent to friends via messengers
- Referral link in your accounts on social media
- Signatures on forums
- Articles and blog reviews
- Youtube videos about the project
- Banners (available in your account dashboard) https://cryptonomos.com/referral
- Mentions of the project in blockchain social media groups (no overposting!)
- Paid advertising (except context advertising mentioning your brand)
Reward 5%, based on the number of tokens purchased by your friendsAttention!Please don't mix up Bounty and Referral programs. Bounty terms will be announced on Monday. In Bounty program, you will need to book your participation through email. Rewards will be given our for the following completed actions: Bitcointalk post tranlation, White Paper and FAQ translation + announcing it on forums.
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As always, the truth lies somewhere in the middle. Lawyers can sometimes be too hasty and territorial in their response. This was a regrettable combination of simple misunderstanding, bad timing and unfortunate circumstances |
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I can do Malaysian translation. Send msg me if im accepted. Tks!
Hungarian translation reserved.
We will announce bounty shortly! |
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Exciting news! Giga Watt is arranging a roundtable discussion “Bitcoin for under $500. Reality for a Personal Miner and a Major Investor” at Consensus 2017. Meet you in Hudson/Empire room at New York Marriott Marquis at 3 PM on Tuesday, May 23 - http://www.coindesk.com/events/consensus-2017/agenda/On the program: Mining for dummies Dave Carlson - CEO, Giga Watt A cryptominer's thorny path: high entrance threshold, economic dependence on price and investment surges, high power rates, hidden costs, and other unforeseen obstacles. Cryptomining leaves no room for error, and the key question is how can someone with just a thousand – or several million dollars – succeed in it. Come and learn if you can still mine successfully from home, which cryptocurrencies you should choose, and what it costs to mine nowadays. Mining facility for pennies Daria Generalova - Head of PR&Communications, Cryptonomos Tokenization of cryptomining infrastructure and minimization of mining costs is the name of the game. Come and learn if it's possible to build a long-term business on mining, how you can get into professional mining with just several thousand dollars to shell out, how to further slash costs in large-scale mining, and how to generate income from cryptomining even if you aren't into mining yourself. |
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How often you will pay to me? And how?
Token rental fees and mining rewards are accrued daily. Giga Watt's customers receive their mining rewards and their WTT token rental fees in BTC, ETH or LTC (rental fees are calculated based on the current exchange rate of BTC, ETH or LTC to USD). The funds can be transferred from your Giga Watt account to any external wallet in BTC/ETH/LTC at any time. In the future we intend to offer a wire transfer option for transfer of over USD 1,000. Ok I see.. so has anyone been there? I saw Open House dates, but just wanna ask Giga Watt held first Open House tour as a test on May 15th, 8 people came. However, there was no filming/shooting agreement signed, and they didn't upload any pictures themselves. Next Open House tour is public, we will have a photo report. |
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So what happens if i buy tokens that are too much for my rig/rigs but not enough for next rig? Can i rent it out even though it's not enough to power single rig.
In short let's say i bought tokens for 1500W, and host some hypotetical miner which eats 1100W. So what can i do with left over 400W. Can i rent those 400W out, can i get like partial discount for next rig - 400W cheap price, 700W higher price. Let's assume i use bigger rigs and not low power Baikals.
Thanx!
Thank you for your question. If you have too much tokens you can rent them out in any amount. If you have not enough tokens you can rent them through Giga Watt website: giga-watt.com. |
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How do we know this won't be another disaster like paycoin?
Giga Watt is a real life project created by David Carlson and his team. Giga Watt tokens offer the right to use the actual existing data processing facilities. Twice a month Giga Watt holds an Open House which you are welcome to attend and see with your own eyes that Giga Watt is a legitimate business. To sign up for our Open House go to https://cryptonomos.com/wtt/#openHouse. It's very good news . I will follow this project . so do you intend to sell the miners for mining? if yes. this token should be used for this project ? Thank you! Yes, Giga Watt is already selling miners. All the information about the mining equipment can be found here:https://giga-watt.com/promo/prices Tokens will give you ability to host your miners with reduced hosting fees, as well as rent them out to other miners to receive rental income. |
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@Dev team - what do you plan to do with the unsold tokens - BURN?
Tokens are issued after sales - not purchased will not be released. Can you clarify this please? What do you mean the unsold tokens won't be released? They will not be burnt? If they are not burnt, where will they be placed and who will own them? It will negatively impact the value of the tokens that are actually sold. There will not be any additional WTT tokens except the ones that are raised through Token Launch. So there will be nothing to "burn". The first facilities are already build and are running. New Giga Pods are currently being constructed using own money, that's why any amount of WTT tokens can be released to public. Did that clarify your question? Thanks for replying, but Im still confused. Let's say $5,000,000 is raised through the crowdsale. I guess this means that 5,000,000 tokens will be sold, as each token is equal to $1. Does that mean that only 5,000,000 tokens will be created, instead of 30,000,000? If it happens that there will be only $5,000,000 raised, then there will be 5,750,000 tokens released - extra 15% are for the team and partners. |
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Thank you, I understand the pricing better now.
Now, if I were to rent out my tokens, I'd obviously want to select the highest rental fee possible. But Giga Watt will only have a limited number of customers in the higher hosting-fee tier. How will it be determined who gets to "host" the more profitable miners. Will token holders who want to rent their space have priority over Giga Watt? Who has priority between two token holders?
Thank you for taking the time to help us understand the different ways we can use the WTT tokens!
All tokens are the same - it has no priority for each other, it is secured by a smart contract. However, the distribution of tokens takes place in order of priority. I'm sorry, I must've phrased my question poorly. If I own tokens, but I want to rent that space out to other miners, you say I'll be able to select from 4 different rental rates and get matched up with a miner in Giga-Watt's account. Why would I ever select anything but the highest rate (6.45¢ per kWh)? I think the answer is that Giga-Watt only has a limited number of clients hosting hardware at the higher rate, so I might be forced to select a lower rental rate. Let's say that, hypothetically, Giga-Watt only has one customer hosting mining rigs in the highest fee tier and these mining rigs total 10kW of power. If 2 people both own 10,000 WTT tokens and both want to rent that space out, which of them would rent to this miner for 6.45¢ per kWh and which would be forced to drop down a tier and rent to someone else at a lower rate? There must be a way to prioritize who gets to "host" the more profitable miners, right? Thank you! Lower fees are applicable to customers with larger amount of miners. The reason why you might choose miners with lower fees is so you wouldn't have to manually pick many separate miners (in case you got a lot of tokens), and can just choose one - less work for you. In terms of priorities - there is none, first come first served. If you see an available miner with 6.45¢ and choose it him/her before anyone else, you are set  |
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