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1  Alternate cryptocurrencies / Tokens (Altcoins) / Re: ⚡⛏️[ANN] Giga Watt: Best Home for your Mining. Starts today! on: July 29, 2017, 09:51:16 PM
I've just learned about Giga Watt in the last few days, and I'm very interested, but I have a few questions!  Have been looking things over here, but I'm still unsure of a few things.

I understand that by purchasing WTT Tokens now, I can host miners at Giga Watt "rent free" for 50 years.

I understand if I want to actually MINE, I would need WTT Tokens AND Miners.

I understand that miners are incredibly hard to come by right now whether purchasing directly from Giga Watt or elsewhere.

I understand that if I purchase WTT Tokens, but cannot get any miners of my own, I can "rent" out my WTT Tokens to people with miners, but no tokens.

I hope "my understanding" is correct on all the above points.

My DESIRE would be to purchase 1,760 WTT Tokens, (2) Antminer L3+ miners, and host them "rent free" at Giga Watt and mine Litecoin for the next 50 years.
I presume this would be a very optimal setup, is that correct?

THE PROBLEM is finding and purchasing (2) Antminer L3+ miners.

Questions:

If I purchase 1,760 WTT Tokens in the ICO, can I "rent" them out UNTIL I can secure (2) Antminer L3+ miners?
(I'm really NOT INTERESTED in merely renting out my WTT Tokens as I don't like the ROI time by renting only.  I am also concerned with some of the things I've read here about having any demand from miners to even rent WTT tokens!  If that were the case, I'd be sitting with 1,760 WTT Tokens that only have speculative value.)

Speaking of speculative value, it appears that WTT Tokens WILL appear on crypto exchanges - IS THAT CORRECT?

If so, has it been announced which crypto exchanges WTT Tokens will appear on?

If someone has miners, but no WTT Tokens, I see that they could either rent WTT Tokens or wait to purchase their own WTT Tokens when they appear on an exchange - IS THAT CORRECT?

Is there any commitments required when renting in regards to length of time/duration?  If I'm renting WTT Tokens, I may at some point acquire miners, and not want to rent my WTT Tokens out anymore - am I locked into a time commitment? For those that start out with miners, and renting WTT Tokens, what if they want to later purchase WTT Tokens off an exchange, are they in a time commitment with their initial rental agreement of WTT Tokens?

Is it true you need to be a WTT TOKEN HOLDER to even purchase miners directly from Giga Watt?

Ideally, it would appear my best bet would be to wait until I can secure a couple of Antminer L3+ miners, and at that time hope I can pick up some WTT Tokens off an exchange, or just pay rent to a WTT Token Holder to host my miners - IS THAT CORRECT?

WHY would I purchase 1,760 WTT Tokens in advance if I DON'T have any miners yet, and I'm NOT interested in renting out WTT Tokens (because I don't like the ROI time)?

Is there any speculation of whether WTT Tokens will go up/down once they get listed on a crypto exchange?

If the speculation is that they would hold value or even go UP in value, then purchasing 1,760 WTT Tokens during the ICO would make sense.

If the speculation is that they will go DOWN in value once they list on an exchange, it would make most sense to WAIT and just acquire WTT Tokens at a lower price from an exchange when I can acquire a couple Antminer L3+ miners.

Will Giga Watt allow me to host my miners rent free with them if I purchase my WTT Tokens at a later date from an exchange versus buying them now during the ICO?

I'd appreciate any answers/thoughts/opinions anyone would like to offer to my post here.

Thanks
Mike Rudie (NEW Member of the Bitcoin Forum)
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