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Author Topic: ⚡⛏️[ANN] Giga Watt: Best Home for your Mining. Starts today!  (Read 158260 times)
karjatu
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August 30, 2017, 07:20:24 PM
 #1241



 According to this writing in this discussion group and this thread
1)  Giga-watt run by Dave Carlson who leaded previously one of the biggest mining farms in US.
Disclaimer: there is other mining farm like hashflare -- pool run buy Hashcoins - developers of mining and cryptographic hardware.
 
thus, I would assume that They definitely know heart of the matte better than home miners.

I have purchased WTT-token from ICO and they are currently trading at 1.8 USD on Ether-delta. https://etherdelta.github.io/#WTT-ETH
I have bought  Miners directly through Giga-Watt.

Most of my friend do not count on Giga-Watt, because the location of faraway and out of sight.
Many of my friends in Florida and Finland want to home mine. I can deal that noise with five seconds.

Especially after the knowledge that Giga-Watt guys use so cheap hydro electricity that even with the full hosting price  why the heck I should pay by home mining in Florida.

I have got the rationale , that people want control and keep things on sight. I am opposite. I do only home mine for short term pilot projects and once my small team has developed perhaps custom made mining rig (if we do not use ASIC) we transport the rigs somewhere elsewhere.
I maximize time and convenient corrected return. Time and convenience are very valuable.


Thirdly, even though I would not use GIGA-WATT tokens, I could rent them out and get 50% annual rental income for 50 years . I reckoned the forthcoming cashflow by using third party calculator and I got Net present Value more than 5x current spot price (or more than 10x lowest ICO price) I used 4% inflation rate in my calculation and not compounding income to get conservative estimate.

https://www.calculatorsoup.com/calculators/financial/present-value-cash-flows-calculator.php

I hope that I will get different opinion and comments of HIDDEN risks. My opinions are just mine. What are  the risk?

based on my rationale.

Discrepancy between the price of electricity will remain between Florida and Washington. People have to use and produce their electricity locally .  Also miners own their machinery so if mining turn to be obsolete there is possible to use other computer devices that use electricity. Calculation needs will be remain, if not for PoW but for Artificial intelligence.

the the end: Comparison
I have found other mining projects (cloud mining) . the team raised funds one months ago and current market price is 60 (sixty times higher than ) ICO price. Such kind of spot price is overpriced. lol.



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Transactions must be included in a block to be properly completed. When you send a transaction, it is broadcast to miners. Miners can then optionally include it in their next blocks. Miners will be more inclined to include your transaction if it has a higher transaction fee.
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cuteman
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August 30, 2017, 08:51:11 PM
 #1242

the the end: Comparison
I have found other mining projects (cloud mining) . the team raised funds one months ago and current market price is 60 (sixty times higher than ) ICO price. Such kind of spot price is overpriced. lol.

Can you disclose the name of that mining project, please?   If thier tokens increased 60 times, thier project might be a reall possible success, so we'd like to check it as well , and compare with Giga-watt Smiley

karjatu
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August 30, 2017, 10:34:14 PM
 #1243

http://www.minexteam.com/

https://coinmarketcap.com/assets/minex/

Please make your due diligence before investing.

 




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August 30, 2017, 11:03:52 PM
 #1244

http://www.minexteam.com/

https://coinmarketcap.com/assets/minex/

Please make your due diligence before investing.

 
Thanks for sharing, but this project seems too strange for me.  No real people and vague idea behind it, unlike Giga-watt

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August 31, 2017, 01:00:08 PM
 #1245

I agreed with you and I will not regard hike of price of the token on the secondary marker as reasonable.
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September 01, 2017, 05:33:10 AM
 #1246

Today is Sept 1st, I cant wait more, please issue the 3rd batch. Smiley

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kjs
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September 01, 2017, 07:08:10 AM
 #1247

Received a few minutes ago via email:

"Hello one and all.

First I want to thank everyone for the positivity we've been experiencing both via online channels as well as at the open house events! I've also received a TON of really supportive energy from the community and I can't thank you enough... it really keeps us all going when there's huge amounts of hard work to do.

Unfortunately, I have to announce a delay in construction which will block us from issuing Batch 3 tokens on time. We've been working tirelessly to bring pods out of the ground, but several conditions related to the construction and planning process have introduced additional delays that are now clearly keeping us from turning up as many pods as planned for Sept and October. The process of building the pods and deploying equipment is going as expected. The real time-impact has to do with permitting, planning and inspections. Our GigaPods were virtually the first purpose-built blockchain processing facilities these people had ever seen, and it has caused small delays at every turn.

The good news is that we are through most of that. We have educated the stakeholders in two counties about our GigaPod construction processes and how the finished product looks and works. I expect these types of delays to become less and less now that it has become familiar to them.

Our construction crews and electricians are getting pod construction down to a science. We will continue to run day and night crews to bring up as much power capacity as possible, as soon as possible.

On the topic of hardware arriving in September: there's significantly less equipment arriving in September than the amount of power we are building, so it becomes a little easier to see through to getting it all running. I expect to have much of the September hardware running soon after it comes in. Because the construction process is not a perfect science, its hard to know exactly when backed up gear will be put into service. To mitigate the situation, GW is seeking any and all alternative solutions to get gear running as soon as possible so that it won't just sit on the warehouse shelves. As a miner myself, I know just how important that is to our customers.

I'm sure that questions and concerns will still linger, so I am planning to make myself personally available on chat channels in order to answer questions whether to the group or to me personally. I do appreciate your continued patience and support. I want you to know that the whole GW team is directly focused on getting tokens issued and miners running as fast as humanly possible.

It’s always hard to maintain communications and transparency during the chaotic startup phase, but we are committed to improving on this front. We are improving our support to clients slower than we and everyone wanted but are progressing on that. Within the next 3 to 4 business days I will begin releasing weekly updates to help everyone track progress along the new timelines. I aim to improve confidence in Giga Watt and significantly reduce concerns you may have going forward.

Best Regards
Dave Carlson, CEO
Giga Watt, Inc."
rafzalan
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September 01, 2017, 07:35:16 AM
 #1248

never mind, 3-4 days is not very much, i will be patient.

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chip1982
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September 01, 2017, 08:12:05 AM
 #1249

never mind, 3-4 days is not very much, i will be patient.

I don't believe these are issues of 3 to 4 days. He would not have written a mail like this.

"permitting, planning and inspections" sounds like there are limited possibilities to speed this up. Governmental issues?
N1CKH0LAS
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September 01, 2017, 08:45:20 AM
 #1250

It was obvious they would not be able to issue the 3rd Batch tokens anytime soon, as if I remember correctly from the white paper, they will only issue the tokens only AFTER the pods are cosntructed.

Either way, I have a question for whoever rented tokens so far. Once you rent them, is there any minimum period for rental or you an rent them for only 3 days, for example ? That's usefull to know for the situations when your tokens are issued, but your miners didn't arrive yet, as one would want the tokens back as soon as the miners arrive, for personal usage. Thanks in advance for your replies Smiley

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September 01, 2017, 12:39:01 PM
 #1251

It was obvious they would not be able to issue the 3rd Batch tokens anytime soon, as if I remember correctly from the white paper, they will only issue the tokens only AFTER the pods are cosntructed.

Either way, I have a question for whoever rented tokens so far. Once you rent them, is there any minimum period for rental or you an rent them for only 3 days, for example ? That's usefull to know for the situations when your tokens are issued, but your miners didn't arrive yet, as one would want the tokens back as soon as the miners arrive, for personal usage. Thanks in advance for your replies Smiley
sure, without built pods GW can't place miners there and therefore can't start mining.

Regarding renting: person who rents tokens out have right to recall them at any time.  But, because there are a lot of people who rents out, those who rent can easily find another tokens.

ilostmyface
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September 01, 2017, 01:58:15 PM
 #1252

Hopefully soon, I have miners ready to ship to GW.

I wouldn't be shocked they are using their available capacity for them selves given the current price.
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September 01, 2017, 03:28:50 PM
 #1253

@cuteman - Thanks for answering. It's a good system, at last for people who chose to temporarly rent out tokens.

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justinballad
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September 02, 2017, 02:02:45 AM
 #1254

How to rent out WTT tokens and get profit?

In https://giga-watt.com/ , I've sent 100 WTT tokens to giga-watt's my account.
I clicked "..." button and rent out the tokens at the rate of 4.2. (screenshots below)
Well, in this state, I'm getting profits? I need to do something additional?

https://i.imgur.com/GorLTXd.png
https://i.imgur.com/5O7p6iC.png
https://i.imgur.com/APp1zGX.png

twistedpineapple
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September 02, 2017, 02:19:05 AM
 #1255

How to rent out WTT tokens and get profit?

In https://giga-watt.com/ , I've sent 100 WTT tokens to giga-watt's my account.
I clicked "..." button and rent out the tokens at the rate of 4.2. (screenshots below)
Well, in this state, I'm getting profits? I need to do something additional?

https://i.imgur.com/GorLTXd.png
https://i.imgur.com/5O7p6iC.png
https://i.imgur.com/APp1zGX.png


That is all you need to do. If someone needs to rent your WTT then the status of the circle with your WTT will go from free to rented out. You will then see that you are paid hourly by checking the currencies at the top of the page. I am not too sure exactly how payouts work because initially I was being paid entirely in Ethereum and now it has switched to being paid in Bitcoin, Ethereum and Litecoin.
justinballad
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September 02, 2017, 02:26:13 AM
 #1256

How to rent out WTT tokens and get profit?

In https://giga-watt.com/ , I've sent 100 WTT tokens to giga-watt's my account.
I clicked "..." button and rent out the tokens at the rate of 4.2. (screenshots below)
Well, in this state, I'm getting profits? I need to do something additional?

https://i.imgur.com/GorLTXd.png
https://i.imgur.com/5O7p6iC.png
https://i.imgur.com/APp1zGX.png


That is all you need to do. If someone needs to rent your WTT then the status of the circle with your WTT will go from free to rented out. You will then see that you are paid hourly by checking the currencies at the top of the page. I am not too sure exactly how payouts work because initially I was being paid entirely in Ethereum and now it has switched to being paid in Bitcoin, Ethereum and Litecoin.

Thank you for your quick reply! I understand. Now I hope someone to rent my tokens!

>initially I was being paid entirely in Ethereum and now it has switched to being paid in Bitcoin, Ethereum and Litecoin

haha:) looks a little bit confusing.
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September 02, 2017, 02:54:33 AM
 #1257

Does anyone know hot to get WTT for those that missed the pre-sale period?
fynxgloire
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September 02, 2017, 05:02:36 AM
 #1258

Hi,
I am wondering if anyone has bought miners directly from Giga-Watt?
Just do not want to get scammed ( I got scammed a bunch of times already )
Is it safe to buy miners from Giga-Watt and have them delivered directly to the POD?

Regards
justinballad
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September 02, 2017, 09:36:45 AM
 #1259

Does anyone know hot to get WTT for those that missed the pre-sale period?

why not buy in etherdelta or hitbtc?
justinballad
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September 02, 2017, 09:48:35 AM
 #1260

looks like I'm getting profits Cheesy

https://imgur.com/a/hEdjQ
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