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201  Alternate cryptocurrencies / Tokens (Altcoins) / Re: 🌟⚡⛏️💰[ANN] Giga Watt: Best Home for your Mining + Referral Program + Bounty on: May 25, 2017, 09:48:31 PM
Hi Cryptonomos,

thank you for your support. One last theoretcial question:

Let's assume I run 3 miners. My neighbor is better off and runs 7 miners. Are we allowed to join our forces?

Together we would have 10 miners which would qualify for the medium hosting plan and in essence that would mean a benefit of 9.75 - 9.0 = 0.75 c/kWh in hosting costs.

Thanks
chip1982
202  Alternate cryptocurrencies / Tokens (Altcoins) / Re: 🌟⚡⛏️💰[ANN] Giga Watt: Best Home for your Mining + Referral Program + Bounty on: May 25, 2017, 02:47:12 PM
Hi there,

I have some additional questions:

1.) The 2,8 cents/kWh is that a secured price and if yes for how long? I am asking because the electricity cost is of courese a major factor in any calculation and if we calculate for the long run the 2,8 cents/KWh may leed to a misdirection.

2.) Do we get an exact calculation of our payouts on a daily or monthly basis? The payouts might not match our calculations and it would be nice to compare the numbers.

3.) Is the exact usage of time for the tokens accounted? Let's assume I have 1500 tokens and I start mining. Then after 3 years the market condictions turn very unfavorable and I stop mining and do nothing. After 1 year waiting I start mining again. Does that represent a usage of 4 years on my tokens? Or is the none usage of one year then ignored and it accounts for 3 years of usage?

Any comments are highly welcomed.

Thanks
chip1982
1)2,8 cents/kWh is secured price. It can rise only when the energy supplier will raise prices but  this is not profitable for them because they are interested in our development.


2) Mining profit calculator:https://giga-watt.com/promo/prices
WTT token profit calculator:https://cryptonomos.com/wtt/calculator


3)It will count as 4 years but tokens can be used in two ways: to host your own equipment and to rent out to Giga Watt's customers. If we just rent your tokens are, your income will depend on the rental fee you set (4.2-6.45 /kW/h). Average annual rental income will be 37-57% of the token's initial value (if bought within the first two weeks of sales). If the tokens are used to host your own equipment, you will be able to save 56-66% of mining expenses, thereby increasing your mining income by 36-69% (depending on mining volume). For more detailed estimate please use our calculator at https://cryptonomos.com/wtt/#/calculator

Many thanks. And congratulations to your project.
203  Alternate cryptocurrencies / Tokens (Altcoins) / Re: 🌟⚡⛏️💰[ANN] Giga Watt: Best Home for your Mining + Referral Program + Bounty on: May 24, 2017, 07:24:43 PM
Hi there,

I have some additional questions:

1.) The 2,8 cents/kWh is that a secured price and if yes for how long? I am asking because the electricity cost is of courese a major factor in any calculation and if we calculate for the long run the 2,8 cents/KWh may leed to a misdirection.

2.) Do we get an exact calculation of our payouts on a daily or monthly basis? The payouts might not match our calculations and it would be nice to compare the numbers.

3.) Is the exact usage of time for the tokens accounted? Let's assume I have 1500 tokens and I start mining. Then after 3 years the market condictions turn very unfavorable and I stop mining and do nothing. After 1 year waiting I start mining again. Does that represent a usage of 4 years on my tokens? Or is the none usage of one year then ignored and it accounts for 3 years of usage?

Any comments are highly welcomed.

Thanks
chip1982
204  Alternate cryptocurrencies / Tokens (Altcoins) / Re: 🌟⚡⛏️💰[ANN] Giga Watt (WTT): Best Home for your Mining🌟⚡⛏️💰 on: May 23, 2017, 10:47:47 PM
Hello,

Id like to see a little more clarification on the pricing structure. Lets build a hypothetical situation where I purchase 10,000 WTT tokens.

These 10,000 WTT tokens get me 10kW of mining space and a power rate of 2.8 per kWh. If I dropped my own mining rigs in there, what would the additional cost be for Gigawatt to run and maintain my miners?  Your original post lists a 3.3 per kWh hosting fee for token owners. Assuming this includes power, that would imply Gigawatt is charging 0.5 per kWh for maintenance?

Now, getting a little more complicated, what sort of fees would be incurred if I had no mining rigs and wanted Gigawatt to find renters, fill my mining space, and manage it all for me?

Thank you for the information!


I'd be happy to clarify it for you Smiley

If you decide to drop your rigs in there, you would actually be getting reduced hosting fee, and you would also pay installation fee of $20 per Asic miner or $40 per GPU miner, depending on what you decide to send in. With WTT tokens, your rental fee drops to 0, and you would only be paying 3.3 per kWh, that is correct. Maintenance of 0.5 per kWh is already included in 3.3 price.

It's not so complicated actually, see for yourself using this calculator. With renting out 10,000 tokens to other miners, you could potentially earn anywhere from $3679.20 of annual rental income (assuming you picked 4.2/kW/h rental fee) to $5650.20 (that is with 6.45/kW/h rental fee). You decide which rental fee to pick. There will be dashboard, where you would be able to find miners with matching fees in your cabinet in Giga Watt's account. You wouldn't need to manage much, besides choosing what type of payout you would have (BTC, LTC, ETH) - just sit back and enjoy the ride Smiley

So to be clear; the WTT tokens will give me a space for putting my own equipment, and give a discount of the power price from 12.8 cents/kWh to 3.3 cents/kWh. But I still need to buy my own equipment. To put a BTC miner of 1500 watts there (of ~$1500), I will need to invest 1500 WTT tokens (= $1500) and still have to pay 3.3 cents/kWh.  The financial benefit of the WTT tokens I bought would be 12.8-3.3 = 9.5 cents/kWh, which means that it would take 1500/0.095 ~ `15000 hours, or 650 days to earn back the purchase price of the WTT tokens? This is besides the revenue of the mining of course....
Yes, you are right.

Hi, I seem to have a misunderstanding in this example.

I thought the power price is always at 2.8 cents/kWh no matter which scenario, which means there is no discount on the power price. The benefits from the WTT token comes in a deduction of the rental fee to zero. If the standard hosting fee without token for one miner is 9.75 cents/kWh then the benefits of the token is 9.75-3.3 =  6.45 cents/kWh, which should mean that it takes even longer to earn back the purchase price of the WTT token.

Where does the 12.8 cents/kWH come from?

Thanks for any clarification.

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