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1. If space requirement for mining equipment doubles per 1W of power due to Moore's law in semiconductor manufacturing advances. Power consumption of chips drops down significantly with each generation. I have the following question.
For Example:
Currently some Mining GPU setup is taking 60x60x60 cm of space and consumes 1Kw/h of electricity.
In two years if equipment is upgraded to latest models that will require TWO GPU setups of 60x60x60 cm for the same 1Kw/h of electricity.
To meet your obligations to WTT token holders, Will Giga-Watt build new Giga-pods on a constant basis and allocate the additional space required for equipment upgrades on demand every couple of years for 50 years ?!?
Yes. Giga Watt will be building new GigaPods based on the demand.For Example:
Currently some Mining GPU setup is taking 60x60x60 cm of space and consumes 1Kw/h of electricity.
In two years if equipment is upgraded to latest models that will require TWO GPU setups of 60x60x60 cm for the same 1Kw/h of electricity.
To meet your obligations to WTT token holders, Will Giga-Watt build new Giga-pods on a constant basis and allocate the additional space required for equipment upgrades on demand every couple of years for 50 years ?!?
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2. Will Giga-Watt provide some storage to customers for spare parts for mining equipment that will wear out?
No. When you host your miners at Giga Watt's facilities and pay all of your fees, Giga Watt's team will be responsible for the maintenance and repairs with its on-site service center. Quote
3. What about Network bandwidth? How much is provided with each 1W of power? Is there an option to buy more bandwidth?
Giga Watt is responsible for the network. Clients don't pay for the network, nor have an option to buy more. We are using independent fiber-optic Internet connection.Quote
4. What are the moisute levels in the area of the Giga-Watt pods? What is the effect on equipment from your experience? Is there rust after 1-2 years of operation?
Humidity level averages between 10%-54% (Summer) and 65%-80% (Winter) in Wenatchee, WA. The lesser the Humidity in summer, the better it is for mining rigs. In the winter, at very low temperatures, Humidity doesn't matter (anything below 10°C). Theoretically, the ideal conditions would be: 5°C-100% Humidity, 20°C-50% Humidity, and 40°C-0% Humidity before rust can happen.There is another factor which is Dew Point. At any given time, if Dew Point is less than Temperature, there will be no rust. However, in winter, Dew Point becomes higher than Temperature, which may cause rust, but the heating from mining rigs will keep the Temperature higher. At this point, mining rigs might rust after 10 years or less.
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5. You say you can meet customers custom demands. Why are you not providing your co-location customers the ability for remote access to their equipment hosted at your facilities?
They understand what is profitable to mine now, which pool is more profitable, etc.
They can quickly repair equipment.
We are in the same boat, the more profitable for you, the more profitable for Giga Watt.
So your technicians will decide what is profitable to mine on behalf of your customers and on their equipment? What is this??
You say repeatedly throughout the thread that customers can choose what coins they mine. Then you say exactly the opposite.
Giga Watt provides ALL of its clients remote access to their mining equipment. Mining equipment owners can monitor their mining rigs' performance and update it at any time.Are your customers able to manage their hosted mining hardware themselves and have full control of it?
The equipment is managed by professionals with years of experience in mining.They understand what is profitable to mine now, which pool is more profitable, etc.
They can quickly repair equipment.
We are in the same boat, the more profitable for you, the more profitable for Giga Watt.
You say repeatedly throughout the thread that customers can choose what coins they mine. Then you say exactly the opposite.
Clients WILL determine which coin to mine, technicians WILL determine the coins which will be listed for clients to choose from (coins that are compatible with the mining equipment hosted at Giga Watt's facility). For instance, some low coins may seem good for a client to mine, but due to calculations (that the client may not be aware of), it is not profitable to mine that coin, and might cause them losses.
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6. On the below comment you state there are not set up fees. But later in this thread you stated there is one time setup fee of $20 for aciscs and $40 for GPU rigs. Are there any other Hidden fees?
There are no setup fees for the mining equipment purchased from Giga Watt Ltd. (Giga Watt's Partner). The mentioned fees are for the mining equipment that the owner already bought (not from Giga Watt's Partner), and shipped to Giga Watt's facility in order to be hosted. Otherwise i see no real difference to cloud mining.
First and foremost it is our transparency. Giga Watt's facility is a real-life tangible project which you can tour if you attend our Open House, which we hold twice a month. Giga Watt's customers own the specific equipment: They know their serial numbers and can see them on the shelves in the unit. Another advantage is that Giga Watt's customers purchase their equipment at cost, without any markup, pay zero setup fees and extremely low effective electricity and maintenance fees: just 2.8с и 0.5с per kW/h respectively.There are no hidden fees — Transparency is Giga Watt's first rule.
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7. Who are "retail customers"? Customers who buy full turnkey mining or WTT token holders?
From https://cryptonomos.com/wtt/faq
"Does Giga Watt only mine bitcoins?
Giga Watt mines all scalable cryptocurrencies: BTC, LTC, ETH/MONERO/ZCASH/DASH. The decision of what currency to mine is made by the customers who own the mining equipment. But at this stage it is technically impossible to offer all of these options to retail customers. Giga Watt is working on the solution, and hopefully in the future this option will be offered. At this point retail customers can mine only BTC, ETH, and LTC."
Retail customers are clients who have very small number of mining equipment (1-9 mining equipment). They can only mine the most famous coins such as BTC, ETH, and LTC for now, with the intention to expand this list in the future.From https://cryptonomos.com/wtt/faq
"Does Giga Watt only mine bitcoins?
Giga Watt mines all scalable cryptocurrencies: BTC, LTC, ETH/MONERO/ZCASH/DASH. The decision of what currency to mine is made by the customers who own the mining equipment. But at this stage it is technically impossible to offer all of these options to retail customers. Giga Watt is working on the solution, and hopefully in the future this option will be offered. At this point retail customers can mine only BTC, ETH, and LTC."
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8. If you don't provide your customers with remote access to their equipment. How can your customers be sure you are not overclocking their equipment for for 10-15% to your advantage (especially GPU setups) in expense of the lifetime of the equipment?
Answered at number 5.Quote
9. Cryptonomos. Who are you? What is your name? Would be nice to know who are we talking to. Are you a Cryptonomos or Giga-Watt employee? I you rather prefer to remain anonymous. Please ask Dave Carlson to answer these questions from his account here on BitcoinTalk.
Join our Slack, or Telegram, and you will be able to speak with all of our team members with their real identities. Cryptonomos is the one responsible of this announcement thread as they will launch the token crowdsale. With all due respect, no CEO will come to a random forum to respond to a random potential client.Quote
10. What exactly is included in $0.5 cents maintenance fee? Which kind of work/procedures?
Labor costs, the hours required to run the company’s operations, and maintaining the projected number of facilities and the clients' equipment.Quote
11. If I decide to power off my miners for a period of time. Will there be any charges? Since I paid for the rent for 50 year ahead can I store my miners there even if they are offline as how much as I need?
