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Author Topic: ⚡⛏️[ANN] Giga Watt: Best Home for your Mining. Starts today!  (Read 144574 times)
gochc
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August 05, 2017, 02:56:29 PM
 #1061

i will have my batch 4 tokens on sept 15, anyone wanna bid high for it ? i got 8500 tokens for sale.

pls PM me with your bid if you are interested

we can use escrow.com for secure transaction. split 50-50 on fees.
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August 05, 2017, 04:02:17 PM
 #1062

TL;DR:  WTT good.  Save money.  My estimate: $2 to $2.50 each when listed on exchanges.


I believe they were surprised they didn't sell out and didn't have a plan B.

It isn't like they minted 30,000,000 physical WTT tokens, put them in a warehouse, then tried to sell them.  The tokens are electronic assets created on demand as they're purchased.  The offering constraints were 1) A maximum number of WTT to be sold and 2) A deadline after which WTT would no longer be sold.

They weren't required to sell a certain number of WTT; rather, the number of WTT sold determines how much hosting capacity they'll build and the timing and degree to which their post-buildout plans can be executed.

Think of it this way: Would you be disappointed if you wrote an Apple and Android app and sold only 22,000,000 copies rather than 30,000,000?  Would your company fold for the lack of an additional 8,000,000 units sold, units with an infinitesimal marginal cost of production?  Of course not.  It may limit how many more people you can hire to write and market your next great app, but it wouldn't be a failure.


In hindsight it was good not to invest as there is way more supply than demand for now

Supply of what?  No physical WTT tokens were created, the only supply constraint was the self-imposed 30,000,000 unit limit.  The supply of WTT exactly matches the demand; that's what happens with non-physical assets with a near-zero marginal cost of production.  What is the supply of the theoretical app mentioned above?  You don't have any physical inventory, copies are sold as they're paid for, and the quantity supplied exactly matches the quantity demanded.

If I was going to be critical of anything with the WTT offering I would say they could have done a better job promoting it to a wider audience and explaining the benefits.  I think they did a great job selling a new concept in a relatively young market with so much hype, fraud, and uncertainty.  In other words, they didn't generate enough demand, but for a project spanning continents, and with dozens of people from half a dozen companies working on it, I think the offering was quite successful.  There were a lot of things that happened during the offering that were beyond their control, like BIP 91, Bitcoin Cash, SEC DAO announcement, multiple wallet and ICO hacks, AlphaBay shutdown, and much more.  So, hair-on-fire earthquake alien invasion moon exploding tightrope chainsaw juggling with Satan's ex-wife complaining about her 2/3 caff double ristretto affogato venti mango 2% protein double blended with whip caramel drizzle salted caramel topping vanilla bean frappuccino.


not sure why anybody would pay 1.20 USD/WTT under these circumstances.

WTT owners will save between $350 and $537 per kWh per year depending on the size of their operation, assuming 95% uptime for their mining rigs.  One kWH requires 1,000 WTT, or $1,200 at $1.20 per WTT.  Savings exceed WTT cost after 2.23 to 3.43 years under these assumptions.

I'm not sure why a miner wouldn't pay $1.20 per WTT under these circumstances.

Assuming a 4% discount rate, a miner planning for a five-year WTT useful life would pay between $1.56 and $2.39 per WTT, or $2.84 to $4.36 with a ten-year useful life.  WTT give miners the right to access extremely inexpensive electricity and managed hosting for 50 years, so the longer you think mining will be economical, the higher the WTT net present value.


They will dump the remaining WTT soon as facilities will be in operation in November.

No one from Giga Watt or Cryptonomos has said as much.  They've been consistent in their messaging on the topic: No more WTT will be issued.  Again, WTT not stockpiled in a warehouse, purely digital asset, created only when purchased, and offering ended 31 July 2017.

Granted, there is nothing preventing them from doing another token offering, but I don't think they would do so until they've built out enough hosting capacity to accommodate all WTT holders and ran the operation at capacity for at least six months.  They need to spend $20+ million, build 22 MW of hosting capacity, get thousands of mining rigs set up, operationalize their hosting, billing, mining pool, customer service, and equipment repair processes, and complete a thousand other tasks major and minor, none of which can be overlooked without negatively impacting their customers and reputation.

I doubt new tokens would go for less than $1.20 if they were offered again.  Closer to $2.50.  And $2 to $2.50 once they're listed on exchanges.
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August 05, 2017, 04:18:04 PM
 #1063

But the number of tokens still growing on your website since the end of the ICO...

Cryptonomos updates the total displayed on cryptonomos.com/wtt as commitments to purchase WTT are fulfilled.  Cryptocurrencies need to be transferred to Cryptonomos, bank wire transfers can take a few days to process, and some purchasers were caught off guard when wallets and exchanges halted BTC support due to the BTC/BCH issue.
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August 05, 2017, 05:09:52 PM
 #1064

But the number of tokens still growing on your website since the end of the ICO...

Cryptonomos updates the total displayed on cryptonomos.com/wtt as commitments to purchase WTT are fulfilled.  Cryptocurrencies need to be transferred to Cryptonomos, bank wire transfers can take a few days to process, and some purchasers were caught off guard when wallets and exchanges halted BTC support due to the BTC/BCH issue.

Thanks. That explain why the number of tokens still going up. Great project anyway.

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August 05, 2017, 05:44:59 PM
 #1065

Wishing now a great start into the project !



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aycaramba
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August 05, 2017, 05:46:55 PM
 #1066

TL;DR:  WTT good.  Save money.  My estimate: $2 to $2.50 each when listed on exchanges.


I believe they were surprised they didn't sell out and didn't have a plan B.

It isn't like they minted 30,000,000 physical WTT tokens, put them in a warehouse, then tried to sell them.  The tokens are electronic assets created on demand as they're purchased.  The offering constraints were 1) A maximum number of WTT to be sold and 2) A deadline after which WTT would no longer be sold.

They weren't required to sell a certain number of WTT; rather, the number of WTT sold determines how much hosting capacity they'll build and the timing and degree to which their post-buildout plans can be executed.

Think of it this way: Would you be disappointed if you wrote an Apple and Android app and sold only 22,000,000 copies rather than 30,000,000?  Would your company fold for the lack of an additional 8,000,000 units sold, units with an infinitesimal marginal cost of production?  Of course not.  It may limit how many more people you can hire to write and market your next great app, but it wouldn't be a failure.



Ay caramba, so much text with no useful information.

They will build facilities for the equivalent of around 40m WTT, no matter what. They didn't sell around 18m WTT but yet they will build these facilities, fact! They will be finished with all facilities by November. Consequently, as of now, these facilities - equivalent of 18m WTT - would be empty. So there is a larger supply than demand. I leave it up to you what you think the existing 22m WTT should be worth...

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August 05, 2017, 06:14:02 PM
 #1067

Hi,

Sending a message on behalf of a family member whom had purchased for around $1200 1000 tokens for this project.  Obviously he's now interested in purchasing a Mining Rig to be hosted and run by Cryptonomos.

Can you guys advise how much are the mining rigs and what coins are applicable to be mined on them? 

Thanks

H Ali
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August 05, 2017, 06:21:24 PM
 #1068

Hi,

Sending a message on behalf of a family member whom had purchased for around $1200 1000 tokens for this project.  Obviously he's now interested in purchasing a Mining Rig to be hosted and run by Cryptonomos.

Can you guys advise how much are the mining rigs and what coins are applicable to be mined on them? 

Thanks

http://gigawatt.sg

Here you can see ASICs that are sold by Giga Watt directly.

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August 05, 2017, 06:52:24 PM
 #1069

Hi,

Sending a message on behalf of a family member whom had purchased for around $1200 1000 tokens for this project.  Obviously he's now interested in purchasing a Mining Rig to be hosted and run by Cryptonomos.

Can you guys advise how much are the mining rigs and what coins are applicable to be mined on them?  

Thanks

http://gigawatt.sg

Here you can see ASICs that are sold by Giga Watt directly.

Hi YIz,

Thanks for your reply,  Everything is sold out as lead times are over 2 months which is a long time.  Lastly can I ask is it worthwhile ordering the miner's and hosting with Giga Watt.

Lastly what sort of Return On Investment should we be looking at if we get Pandaminer B3?  How many coins should it generate.  (Sorry new to mining and just asking some basic questions)  Already have Giga Watt Tokens.

Thanks

H Ali
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August 05, 2017, 06:54:42 PM
 #1070

Hi,

Sending a message on behalf of a family member whom had purchased for around $1200 1000 tokens for this project.  Obviously he's now interested in purchasing a Mining Rig to be hosted and run by Cryptonomos.

Can you guys advise how much are the mining rigs and what coins are applicable to be mined on them? 

Thanks

He needs to register on https://gigawatt.sg and provide them with the information used to sign up for WTT purchase on Cryptonomos website.  Once gigawatt.sg recognizes him as a WTT owner he can buy miners at slightly lower prices than on offer to non-WTT owners.  The website https://gigawatt.sg is run by Giga Watt Pte. Ltd., a Singapore subsidiary of Giga Watt, Inc. that buys mining hardware from manufacturers for resale to WTT owners and others.

Here are some mining units gigwatt.sg sells and how many WTT are require to host them (Watts * 1.1 ), though I think the S9 is out of stock now:

MinerCurrencyDeliveryUSD PriceWattsWTT
B3+ETHSeptember
$3,290
1,250
1,375
D3DASHOctober
3,499
1,200
1,320
D3DASHNovember
2,199
1,200
1,320
L3+LTCLate October
2,399
800
880
S9BTCLate October
1,609
1,323
1,456

If he has only 1,000 WTT then he'll need more WTT if he goes with anything other than an L3+.  WTT owners should be able to rent WTT from other WTT owners once Giga Watt makes that functionality available.  I think that'll happen sometime in November 2017.
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August 05, 2017, 07:04:38 PM
 #1071

Everything is sold out as lead times are over 2 months which is a long time.  Lastly can I ask is it worthwhile ordering the miner's and hosting with Giga Watt.

Lastly what sort of Return On Investment should we be looking at if we get Pandaminer B3?  How many coins should it generate.

Lead times for miners are usually at least a few months.

Giga Watt is a great choice for hosted mining - experienced staff, inexpensive electricity, professionally managed hosting, conditioned power, buy from them and have miners shipped directly to their hosting facility, on-site repairs if possible, etc.

There are many cryptocurrency mining calculators out there, but you should always use one that factors in increasing difficulty.  The calculator at http://mycryptobuddy.com is a good one to start with.  Try this link: http://www.mycryptobuddy.com/EthereumMiningCalculator/path?hashrate=237&powerCost=0.033&power=1375. Make sure Difficulty is on and set it for 24 to 30 months, which is the estimated useful life of the miner.
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August 05, 2017, 09:24:00 PM
 #1072

Hi,

Sending a message on behalf of a family member whom had purchased for around $1200 1000 tokens for this project.  Obviously he's now interested in purchasing a Mining Rig to be hosted and run by Cryptonomos.

Can you guys advise how much are the mining rigs and what coins are applicable to be mined on them? 

Thanks

He needs to register on https://gigawatt.sg and provide them with the information used to sign up for WTT purchase on Cryptonomos website.  Once gigawatt.sg recognizes him as a WTT owner he can buy miners at slightly lower prices than on offer to non-WTT owners.  The website https://gigawatt.sg is run by Giga Watt Pte. Ltd., a Singapore subsidiary of Giga Watt, Inc. that buys mining hardware from manufacturers for resale to WTT owners and others.

Here are some mining units gigwatt.sg sells and how many WTT are require to host them (Watts * 1.1 ), though I think the S9 is out of stock now:

MinerCurrencyDeliveryUSD PriceWattsWTT
B3+ETHSeptember
$3,290
1,250
1,375
D3DASHOctober
3,499
1,200
1,320
D3DASHNovember
2,199
1,200
1,320
L3+LTCLate October
2,399
800
880
S9BTCLate October
1,609
1,323
1,456

If he has only 1,000 WTT then he'll need more WTT if he goes with anything other than an L3+.  WTT owners should be able to rent WTT from other WTT owners once Giga Watt makes that functionality available.  I think that'll happen sometime in November 2017.


Evening kaevandus,  Thanks for your prompt reply.

He can purchase more token's that's not a problem as he is very outdated with technology so he's wanting me to help him decide and while I am new not really mined but bought crypto's for long term. 

Can I ask what miner would you recommend?  Any recommendation and is it worth having a miner hosted and maintained by Giga Watt as well?

Would appreciate recommendations as at end of the day it comes down to I guess how many coins can be mined etc.

I shall wait to hear from you.

Thanks

H Ali
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August 05, 2017, 09:27:00 PM
 #1073

At this time, we are not planning a future sale. However once all tokens are distributed, they will be available through Open Exchange.
Then what's the countdown on the main website for?
https://cryptonomos.com/wtt/

The countdown is to the release of the first batch of WTT tokens, according to the text:

Quote
1ST BATCH OF TOKENS RELEASE
August 07, 2017

I imagine they'll reset the counter with each batch released.

Do you release the tokens in batches? Why not release all the token like all other coins?

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August 05, 2017, 09:35:20 PM
 #1074

I excited about this project, a lot of people slept on Giga Watt or didn't take them serious. Those tokens are going to be the life blood of the Giga Watt Mining Farm, people are going to regret not getting them early. I decided just to buy a miner and not rent them out, there's not that much income from renting at the moment unless you have a mega bag of tokens. Good luck team.

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August 06, 2017, 12:47:21 AM
 #1075

Congratulations to the Giga-Watt team on successfully raising over 20 million USD in their token sale!  Cool
I join in the congratulations!  Cheesy    Cryptonomos says it's even higher - 22M!

See only 20,789,667

22,010,385  TOKENS TO BE ISSUED   Wink    --       https://cryptonomos.com/wtt/

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August 06, 2017, 12:55:48 AM
 #1076

I planned on holding on to my tokens but depending on what you're offering I have 5645 tokens coming in batch 3 and batch 4. Feel free to PM me.
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August 06, 2017, 02:38:50 AM
 #1077

I need more WTT tokens. What will be our options in this type of situations?
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August 06, 2017, 02:49:59 AM
 #1078

I have nothing buy good things to say about this company. Top notch on all levels. Dave Carlson is Gigawatts CEO.  Dave is a legend in the bitcoin mining world (See vid link below).  If you have a miner,  you would be naive not to do business with these guys.

https://www.youtube.com/watch?v=BoT-y5FPoqw

https://www.youtube.com/watch?v=cy28VGFBcyQ

https://youtu.be/XAIJ5D4bugQ



I need more WTT tokens. What will be our options in this type of situations?

If you missed out on the token sale, no biggie. They allow you to rent tokens for a very  very inexpensive price. Gigawatt has a bright future!
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August 06, 2017, 04:15:04 AM
 #1079

Ya I'm un-sure about the rent route. I can get booted out if they chose to use their tokens for their own mining rigs. I have not read anywhere how that's gonna work. Like is there a specific time that the rent is lock in X amount of time. Because for example myself. I have 4400 WTT now. I will rent out 2640 of it until I get my rigs in. So when & if I'm ready to use mine. What would happen to my renters rigs?
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August 06, 2017, 05:33:08 AM
 #1080

Ya I'm un-sure about the rent route. I can get booted out if they chose to use their tokens for their own mining rigs. I have not read anywhere how that's gonna work. Like is there a specific time that the rent is lock in X amount of time. Because for example myself. I have 4400 WTT now. I will rent out 2640 of it until I get my rigs in. So when & if I'm ready to use mine. What would happen to my renters rigs?


Reach out to them  via : host@giga-watt.com 
They've  been extremely  receptive


Quote
      John,

Tokens will be rented out to clients at the same rate as GigaWatt offers,  $0.033/ kwh




Thank you,

Customer Support

Giga Wat,, Inc

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