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Author Topic: ⚡⛏️[ANN] Giga Watt: Best Home for your Mining. Starts today!  (Read 144589 times)
dreamhouse
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May 14, 2017, 06:11:16 PM
 #101


Owning 1 WTT token gives you permanent access to 1 watt of power of Giga Watt facilities. WTT tokens offer you the opportunity to build your own flexible business: In the next 50 years you will be free to choose what works best for you – to mine cryptocurrencies personally or to rent out your tokens and receive steady income. Here are advantages you will get from buying tokens:

-Owning the world's first token supported by production capacity;
-Tokens offer access to the facilities of one of the largest crypto mining service providers in USA.
-WTT tokens can be used from the very first date of issue.
-Facility has a 50-year lifecycle (compared to 2.5 years for miners, due to constant increase in mining difficulty)
-Opportunity to receive income from renting tokens out to others rather than engage in mining personally.



lol, I am as confused as others, what do I own exactly? say I have 1 WTT, you said I own 1watt spot in your factory? I still need to pay my electricity or miner? what does it mean I own a fictitious spot? If I need to buy electricity I pay electricity company, why I need to own your spot (maybe in some desert)?

If I own 50 years electricity from your factory, then it may make more sense, but 1 watt worth $1? That's way too expensive. Anyway I am as confused as others for what exactly 1 WTT bring to me... Do I own 1 watt mining power for 50 years in your factory?

If I just own a "spot" for 50 years that does not mean anything to me Grin

                                 
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cryptonomos
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May 14, 2017, 06:53:54 PM
 #102

lol, I am as confused as others, what do I own exactly? say I have 1 WTT, you said I own 1watt spot in your factory? I still need to pay my electricity or miner? what does it mean I own a fictitious spot? If I need to buy electricity I pay electricity company, why I need to own your spot (maybe in some desert)?

If I own 50 years electricity from your factory, then it may make more sense, but 1 watt worth $1? That's way too expensive. Anyway I am as confused as others for what exactly 1 WTT bring to me... Do I own 1 watt mining power for 50 years in your factory?

If I just own a "spot" for 50 years that does not mean anything to me Grin
Tokens give a discount on electricity. You get access to very cheap electricity at a rate of 2.8 centes per kWh.
Such rates are almost unreachable at home
Here is a comparison of the figures for mining, you can be sure that our tokenholders will have better conditions:
https://giga-watt.com/promo/compare
You gain access to professional mining – with an extraordinarily low entrance threshold and ongoing costs.

You can use this discount for yourself. And you can rent out your tokens to those who need such a discount.
Further access to the facilities without the tokens is possible only if the tokenholders will rent them out to you.
Therefore, if you want them to be able to put miners, you need tokens.

We "tokensize" the facilities. It's not only a spot. This is all that is before the outlet. Wires, access to electricity, walls etc.
Make sure that we are not in the desert and that we really have access to electricity is very easy
View photos of objects https://www.instagram.com/gigawatt_mining/
Or make an appointment for open days and see everything with your own eyes https://cryptonomos.com/wtt/#openHouse

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May 14, 2017, 08:03:11 PM
 #103

what facilities will be accesable for me if I buy 100 tokens?


If I understood it in a right way tokens give the access to cheap power  but not to miners i.e it is some kind of discounts on the cost of electricity. is ithis correct?

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cryptonomos
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May 14, 2017, 08:12:44 PM
 #104

what facilities will be accesable for me if I buy 100 tokens?


If I understood it a right way tokens give the access to cheap power  but not to miners i.e it is some kind of discounts on the cost of electricity. is ithis correct
Hello,
whichever ones are currently allowing customers to reserve power in them

Yes.Each Giga Watt Token (WTT) represents the right to use the Giga Watt processing center's capacity, rent-free for 50 years, to accommodate 1 Watt's worth of mining equipment power consumption. Token owners can use this capacity to accommodate their own miners or to rent it out to other users. Essentially, this is access to professional mining – with an extraordinarily low entrance threshold.

Number of tokens required to accommodate one miner depends on its power consumption.

For example:
PandaMiner B3 Plus 1,250 W = 1,250 tokens

naska21
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May 14, 2017, 08:14:52 PM
 #105

what facilities will be accesable for me if I buy 100 tokens?


If I understood it a right way tokens give the access to cheap power  but not to miners i.e it is some kind of discounts on the cost of electricity. is ithis correct
Hello,
whichever ones are currently allowing customers to reserve power in them

so, having only tokens I still  need to buy/bring miner?

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cryptonomos
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May 14, 2017, 08:16:02 PM
 #106

what facilities will be accesable for me if I buy 100 tokens?


If I understood it a right way tokens give the access to cheap power  but not to miners i.e it is some kind of discounts on the cost of electricity. is ithis correct
Hello,
whichever ones are currently allowing customers to reserve power in them

so, having only tokens I still  need to buy/bring miner?
Yes.

naska21
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May 14, 2017, 08:18:56 PM
 #107

what facilities will be accesable for me if I buy 100 tokens?


If I understood it a right way tokens give the access to cheap power  but not to miners i.e it is some kind of discounts on the cost of electricity. is ithis correct
Hello,
whichever ones are currently allowing customers to reserve power in them

so, having only tokens I still  need to buy/bring miner?
Yes.

not a fair deal as any miner will become obsolete in half/one year and the cost of electricity will be (cost of 1 token  + 33% standard cost ) = $1.03 for watt  instead of ~10 cents

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cryptonomos
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May 14, 2017, 09:04:15 PM
 #108


Owning 1 WTT token gives you permanent access to 1 watt of power of Giga Watt facilities. WTT tokens offer you the opportunity to build your own flexible business: In the next 50 years you will be free to choose what works best for you – to mine cryptocurrencies personally or to rent out your tokens and receive steady income. Here are advantages you will get from buying tokens:

-Owning the world's first token supported by production capacity;
-Tokens offer access to the facilities of one of the largest crypto mining service providers in USA.
-WTT tokens can be used from the very first date of issue.
-Facility has a 50-year lifecycle (compared to 2.5 years for miners, due to constant increase in mining difficulty)
-Opportunity to receive income from renting tokens out to others rather than engage in mining personally.



lol, I am as confused as others, what do I own exactly? say I have 1 WTT, you said I own 1watt spot in your factory? I still need to pay my electricity or miner? what does it mean I own a fictitious spot? If I need to buy electricity I pay electricity company, why I need to own your spot (maybe in some desert)?

If I own 50 years electricity from your factory, then it may make more sense, but 1 watt worth $1? That's way too expensive. Anyway I am as confused as others for what exactly 1 WTT bring to me... Do I own 1 watt mining power for 50 years in your factory?

If I just own a "spot" for 50 years that does not mean anything to me Grin

You don't actually own electricity from our factory since we are not selling electricity (we are not utility), the subject to sell here is token. We "tokenize" the facilities.

In regards to space in mining facility. You cannot allocate the miner in the middle of desert, plug it into the wall (which there is none in desert) and start mining. You would need to build a farm first - the building itself, conduct electricity from power station (which often includes building an entire substation), conduct Internet, plan and construct ventilation system, air filters, air humidification and many other things which will require a ot of time, knowledge and capital. Token gives you the right to access space in such facility.

cryptonomos
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May 14, 2017, 09:07:45 PM
 #109

what facilities will be accesable for me if I buy 100 tokens?


If I understood it a right way tokens give the access to cheap power  but not to miners i.e it is some kind of discounts on the cost of electricity. is ithis correct
Hello,
whichever ones are currently allowing customers to reserve power in them

so, having only tokens I still  need to buy/bring miner?
Yes.

not a fair deal as any miner will become obsolete in half/one year and the cost of electricity will be (cost of 1 token  + 33% standard cost ) = $1.03 for watt  instead of ~10 cents

How did you peform such calculations? Could you please specify?

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May 14, 2017, 09:12:20 PM
 #110

So if you're selling up to 30 mil. WTT I suppose that over time you plan to expand the facility in order to have a total power capacity of 30 MW (since for every WTT there will be 1 Watt)?  If you're just at around 2.25 MW right now then it might take a while until all of the investors will be able to use your services.

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May 14, 2017, 09:13:28 PM
 #111

whats algo? i didnt understand this project. is it new?




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cryptonomos
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May 14, 2017, 10:48:08 PM
 #112

So if you're selling up to 30 mil. WTT I suppose that over time you plan to expand the facility in order to have a total power capacity of 30 MW (since for every WTT there will be 1 Watt)?  If you're just at around 2.25 MW right now then it might take a while until all of the investors will be able to use your services.

Our building technology allows to build fast and efficient, building few pods at a time, check it out here.
But if you'd like to use current power, which are already built, you could potentially do that through presale. It is important to take care of purchasing tokens at earlier stages in order to gain facility access as soon as possible.

Giga Watt is planning to build up to 34.5mW. On the website you can see how many extra tokens and space are reserved for team members, but all of them will receive their tokens at the end, after everyone else.

In terms of exact dates, we will announce our construction timeline a little later, make sure to keep up with updates Smiley

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May 15, 2017, 01:08:26 AM
 #113

whats algo? i didnt understand this project. is it new?

In the past, Giga Watt operated under the brand name MegaBigPower, which was founded by Dave Carlson in 2012. Open sources contain plenty of information about Dave and his company. Same experienced team came out with a new project Giga Watt with new improved technology, to provide turnkey mining services or custom packages tailored to your needs: full range of mining services from equipment sales, maintenance and repair to private blockchain servicing.

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May 15, 2017, 05:54:41 AM
 #114

waiting new info from dev team

We have more information coming out in the nearest future, no worries.

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May 15, 2017, 07:32:07 AM
 #115

what facilities will be accesable for me if I buy 100 tokens?


If I understood it a right way tokens give the access to cheap power  but not to miners i.e it is some kind of discounts on the cost of electricity. is ithis correct
Hello,
whichever ones are currently allowing customers to reserve power in them

so, having only tokens I still  need to buy/bring miner?

Well, just to clarify, you could also only purchase miners as well as only purchase tokens, or even do a 50/50 split, any option could work for you Smiley Depends on what you want as a result.

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May 15, 2017, 09:16:17 AM
 #116

By the way, there is Telegram chat where we also discuss various questions on Giga Watt ICO, so all of you are welcome to join!

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May 15, 2017, 09:59:29 AM
 #117

what facilities will be accesable for me if I buy 100 tokens?


If I understood it a right way tokens give the access to cheap power  but not to miners i.e it is some kind of discounts on the cost of electricity. is ithis correct
Hello,
whichever ones are currently allowing customers to reserve power in them

so, having only tokens I still  need to buy/bring miner?
Yes.


what??! i thought if i buy tokens i buy a mining contract?! why do i still need 2 buy miner, also how is that possible?

also how can i decide what to mine? and where will i receive the mined coins?

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May 15, 2017, 10:12:31 AM
 #118

are you a mining company that produces WTT only or any other coins or your token are the payment you accepted to rent your miners? kindly eleborate that one because your tittle Best Home for your Mining, mining of what coin?

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cryptonomos
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May 15, 2017, 11:00:23 AM
 #119

are you a mining company that produces WTT only or any other coins or your token are the payment you accepted to rent your miners? kindly eleborate that one because your tittle Best Home for your Mining, mining of what coin?
We produse only WTT tokens.
Each Giga Watt Token (WTT) represents the right to use the Giga Watt processing center's capacity, rent-free for 50 years, to accommodate 1 Watt's worth of mining equipment power consumption. Token owners can use this capacity to accommodate their own miners or to rent it out to other users. Essentially, this is access to professional mining – with an extraordinarily low entrance threshold.

Number of tokens required to accommodate one miner depends on its power consumption.

For example:
PandaMiner B3 Plus
1,250 W + 10% = 1,375 tokens

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. We are working on the solution, and hope that in the future this option will be offered. At this point retail customers can mine only BTC, ETH, and LTC.

cryptonomos
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May 15, 2017, 01:27:29 PM
 #120

what facilities will be accesable for me if I buy 100 tokens?


If I understood it a right way tokens give the access to cheap power  but not to miners i.e it is some kind of discounts on the cost of electricity. is ithis correct
Hello,
whichever ones are currently allowing customers to reserve power in them

so, having only tokens I still  need to buy/bring miner?
Yes.


what??! i thought if i buy tokens i buy a mining contract?! why do i still need 2 buy miner, also how is that possible?

also how can i decide what to mine? and where will i receive the mined coins?
We produce WTT token.
Each Giga Watt Token (WTT) represents the right to use the Giga Watt processing center's capacity, rent-free for 50 years, to accommodate 1 Watt's worth of mining equipment power consumption. Token owners can use this capacity to accommodate their own miners or to rent it out to other users. Essentially, this is access to professional mining – with an extraordinarily low entrance threshold.

Number of tokens required to accommodate one miner depends on its power consumption.

For example:
PandaMiner B3 Plus
1,250 W + 10% = 1,375 tokens


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. We are working on the solution, and hope that in the future this option will be offered. At this point retail customers can mine only BTC, ETH, and LTC.
All decisions on what to mine is up to you.

Token rental fees and mining rewards are accrued daily.
Payments are paid in cryptocurrency only: BTC, ETH or LTC.
We do not charge transaction fees but Bitcoin, Ethereum, and Litecoin networks do.

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