Honestly don't see LTC appreciating very long after the August 1 deadline. Likely scenario is fud will die once everything comes together smoothly, and LTC's role as apocalypse currency diminishes significantly. Expect at least a sustained price until Aug 1 followed by a crash.

If I buy 880 WTT (current cost $968) that will give me ownership of 1 litecoin miner capacity, right?
But I have to buy the rig on top and realize $968 in energy savings for return on investment, not considering what income is made from mining. Is that correct?

If I don't buy any mining equipment from the "PARTNER" what is the value other than speculating the token price goes up?

Thanks.

I'm not sure why you think I'm not interested in mining? The first question I asked about was mining. But it's important to know what the incentive is for all stakeholders.
And yes, I went to the websites and read the whitepaper already. I may feel it wasn't explained enough and want more clarity.

If I'm interested in mining, why not just buy the equipment and host at Giga Watt facilities without messing around with the tokens?
It's because you pay Giga Watt upfront to realize energy savings over time, right? If that's wrong, then please explain.

If I'm not interested in mining, and I buy the WTT tokens but no equipment. OK I saw where you can rent out the tokens, but this is just euphemism for speculation, right?

And why 34.5 MW capacity issued when Giga Watt only has 3MW capacity?

Thanks.

Kinda they are not, could someone tell me one ICO during the last time where you actually made some money by investing in it?

Hi I am looking to invest in upcoming ICOs, I have general questions about WTT though. Can you reply without boilerplate white paper response, please?

First, Giga Watt facilities have 2.25 MW of capacity (0.75 MW more under construction), correct? Why are you issuing 34.5 MWs of tokens?
Second, why do I need WTT token when I have to buy the mining rigs on top? This seems like immediate lump-sum payout to Giga Watt in exchange for maybe/maybe-not long term savings on energy costs.
Is that correct?

If I'm not interested in mining, then what value is there other than trading the tokens and speculating on them?

Thanks.

Ok thanks.

Was it a smart contract or the terrible "get in line" system like Civic?

Can somebody tell me how much the pre-ico was in terms of pillar token per eth, etc etc

Haha it does stronger than other altcoins because it was a good copy cat and does things which bitcoin can not do. I believe that litecoin price will drop if the segwit2x succeed. People will return their money to bitcoin. Or, maybe, both litecoin and bitcoin will increase their price. Who knows

it's over now

Well this does help a little bit (shocking that they were not able to provide that info yet)  but I was talking about a simple business venture. That you do not need a Money Transmitter License as a miner is right, but you still use your own hardware to produce a good. Even if it is not considered legal tender. See it as a chair. If you are a woodsman and you use your tools and wood to create a chair, this is a finished product worth X.  And therefore you need to pay Tax on the amount of X which will be Y.    If someone does not do that (and mining is nothing else) they will evade taxable income and GIGA is helping with that.


Look at Mossack Fonseca. They were charged in Panama with helping others to do tax evasion. Why would the IRS stop before GIGA. They still need to make sure they can identify all their customers equipment. If they can't do this simple thing, they are in trouble. Worst case the get shut down or sued such a high amount they need to and your shit is offline and gone for so long that by the time you will get it back (maybe) its not profitable.




I am kinda worried that everyone here, wants to mine, but has no idea what tax problems they might getting into if not done correctly. And GIGA did not make a lot of effort to clarify how they will conduct business in such a case. Everybody can have tokens they are anonymous and everyone can use false credentials or offshore companies or something else they might need to check. How do they do it, what are their measurements to prevent a lawsuit with some foreign entity?


I personally would love to place a lot of my miners their, but I need to make sure first if THEY know what THEIR duty is to prevent me from loosing money.