⚡⛏️[ANN] Giga Watt: Best Home for your Mining. Starts today!

[cuteman]

Try to switch back to 4.2. Since no miners got new released tokens the rent should actually be stable till batch 3 is out.

If there is delay in token release, present tokens should be in demand even for 6.45 rent, which is not so. I wonder why?

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[SatyrA]

Try to switch back to 4.2. Since no miners got new released tokens the rent should actually be stable till batch 3 is out.

If there is delay in token release, present tokens should be in demand even for 6.45 rent, which is not so. I wonder why?

Maybe becouse of nobody lends them and it is just Giga Watt simulation.  I wonder does somebody lend tokens?

[cuteman]

Try to switch back to 4.2. Since no miners got new released tokens the rent should actually be stable till batch 3 is out.

If there is delay in token release, present tokens should be in demand even for 6.45 rent, which is not so. I wonder why?

Maybe becouse of nobody lends them and it is just Giga Watt simulation.  I wonder does somebody lend tokens?

I'm personally lending (renting out) now.  But if I try to lend higher than 4.2c, most part of my tokens become free.  Like nobody is ready to pay more than 4.2c - which is quite strange, when tokens are in scarcity.

[cuteman]

Dave promised to send weekly updates. 1 week passed, but did anybody see that update? 

[justinballad]

Try to switch back to 4.2. Since no miners got new released tokens the rent should actually be stable till batch 3 is out.

If there is delay in token release, present tokens should be in demand even for 6.45 rent, which is not so. I wonder why?

Maybe becouse of nobody lends them and it is just Giga Watt simulation.  I wonder does somebody lend tokens?

I'm personally lending (renting out) now.  But if I try to lend higher than 4.2c, most part of my tokens become free.  Like nobody is ready to pay more than 4.2c - which is quite strange, when tokens are in scarcity.

>But if I try to lend higher than 4.2c, most part of my tokens become free

Same with me I hope higher rate!

[SatyrA]

Try to switch back to 4.2. Since no miners got new released tokens the rent should actually be stable till batch 3 is out.

If there is delay in token release, present tokens should be in demand even for 6.45 rent, which is not so. I wonder why?

Maybe becouse of nobody lends them and it is just Giga Watt simulation.  I wonder does somebody lend tokens?

I'm personally lending (renting out) now.  But if I try to lend higher than 4.2c, most part of my tokens become free.  Like nobody is ready to pay more than 4.2c - which is quite strange, when tokens are in scarcity.

>But if I try to lend higher than 4.2c, most part of my tokens become free

Same with me I hope higher rate!

Sorry I mean to borrow. What if there are no real people who borrow tokens. Just fake borrowing from Giga Watt. In this case there is nothing strange that system rejects higher rates despite of token scarsity.

[Mr Frog]

Dave promised to send weekly updates. 1 week passed, but did anybody see that update?  

Yep.
I really don't like delays. And no news on top of it. Nothing on twitter, Insta, ... Nada.  

[chip1982]

Try to switch back to 4.2. Since no miners got new released tokens the rent should actually be stable till batch 3 is out.

If there is delay in token release, present tokens should be in demand even for 6.45 rent, which is not so. I wonder why?

Maybe becouse of nobody lends them and it is just Giga Watt simulation.  I wonder does somebody lend tokens?

I'm personally lending (renting out) now.  But if I try to lend higher than 4.2c, most part of my tokens become free.  Like nobody is ready to pay more than 4.2c - which is quite strange, when tokens are in scarcity.

>But if I try to lend higher than 4.2c, most part of my tokens become free

Same with me I hope higher rate!

Sorry I mean to borrow. What if there are no real people who borrow tokens. Just fake borrowing from Giga Watt. In this case there is nothing strange that system rejects higher rates despite of token scarsity.

Nobody borrows tokens. The number of miners you have determines which rate you must pay. The system automatically matches your miners with rent out tokens then. Or if too few tokens are rent out then you must pay full.

If you can't rent out at 6.45 it only means that clients with 1-10 miners have more or less their tokens. Currently it's the big guy's which were caught by the policy change and I believe they will get their tokens not until b4.

[SatyrA]

Try to switch back to 4.2. Since no miners got new released tokens the rent should actually be stable till batch 3 is out.

If there is delay in token release, present tokens should be in demand even for 6.45 rent, which is not so. I wonder why?

Maybe becouse of nobody lends them and it is just Giga Watt simulation.  I wonder does somebody lend tokens?

I'm personally lending (renting out) now.  But if I try to lend higher than 4.2c, most part of my tokens become free.  Like nobody is ready to pay more than 4.2c - which is quite strange, when tokens are in scarcity.

>But if I try to lend higher than 4.2c, most part of my tokens become free

Same with me I hope higher rate!

Sorry I mean to borrow. What if there are no real people who borrow tokens. Just fake borrowing from Giga Watt. In this case there is nothing strange that system rejects higher rates despite of token scarsity.

Nobody borrows tokens. The number of miners you have determines which rate you must pay. The system automatically matches your miners with rent out tokens then. Or if too few tokens are rent out then you must pay full.

If you can't rent out at 6.45 it only means that clients with 1-10 miners have more or less their tokens. Currently it's the big guy's which were caught by the policy change and I believe they will get their tokens not until b4.

Hm I thought there is already working facility with miners without tokens at all.

[FaucetKING]

For Real, This looks promising !
But how can we trade these tokens ? Can we Purchase them using Credit cards ?
Also, Reserve me the arabic translation if you need it !

[chip1982]

Try to switch back to 4.2. Since no miners got new released tokens the rent should actually be stable till batch 3 is out.

If there is delay in token release, present tokens should be in demand even for 6.45 rent, which is not so. I wonder why?

Maybe becouse of nobody lends them and it is just Giga Watt simulation.  I wonder does somebody lend tokens?

I'm personally lending (renting out) now.  But if I try to lend higher than 4.2c, most part of my tokens become free.  Like nobody is ready to pay more than 4.2c - which is quite strange, when tokens are in scarcity.

>But if I try to lend higher than 4.2c, most part of my tokens become free

Same with me I hope higher rate!

Sorry I mean to borrow. What if there are no real people who borrow tokens. Just fake borrowing from Giga Watt. In this case there is nothing strange that system rejects higher rates despite of token scarsity.

Nobody borrows tokens. The number of miners you have determines which rate you must pay. The system automatically matches your miners with rent out tokens then. Or if too few tokens are rent out then you must pay full.

If you can't rent out at 6.45 it only means that clients with 1-10 miners have more or less their tokens. Currently it's the big guy's which were caught by the policy change and I believe they will get their tokens not until b4.

Hm I thought there is already working facility with miners without tokens at all.

Yes, pod 1 und 2 are fully deployed. Three is delayed. I only meant that the borrowing of tokens is not an active task which a miner without tokens must perform. It is fully automatic.

[chip1982]

For Real, This looks promising !
But how can we trade these tokens ? Can we Purchase them using Credit cards ?
Also, Reserve me the arabic translation if you need it !

Token sale is over. You must wait till the token hits the exchange. Hopefully by year end but with all delays it might be Q1 or Q2 2018.

Or try etherdelta.

[rafzalan]

For Real, This looks promising !
But how can we trade these tokens ? Can we Purchase them using Credit cards ?
Also, Reserve me the arabic translation if you need it !

Token sale is over. You must wait till the token hits the exchange. Hopefully by year end but with all delays it might be Q1 or Q2 2018.

Or try etherdelta.

Are you sure, that delay could be 6 month? Why? I thought it shouldn't be so much. They said delay is a few working days.

[chip1982]

For Real, This looks promising !
But how can we trade these tokens ? Can we Purchase them using Credit cards ?
Also, Reserve me the arabic translation if you need it !

Token sale is over. You must wait till the token hits the exchange. Hopefully by year end but with all delays it might be Q1 or Q2 2018.

Or try etherdelta.

Are you sure, that delay could be 6 month? Why? I thought it shouldn't be so much. They said delay is a few working days.

No, I'm not sure. But they said in slack that it might be year end for the token to get listed. And that was before the delay was announced.

[cuteman]

For Real, This looks promising !
But how can we trade these tokens ? Can we Purchase them using Credit cards ?
Also, Reserve me the arabic translation if you need it !

ICO is over log time ago, you can't purchase tokens any longer.

[cuteman]

Are you sure, that delay could be 6 month? Why? I thought it shouldn't be so much. They said delay is a few working days.

ICO's White paper says about earliest listing on exchange end of this year, but be ready for next year.

[LoCoin]

Tokens sold at EtherDelta are real tokens or are Iou tokens not real?

Thanks

[rafzalan]

Tokens sold at EtherDelta are real tokens or are Iou tokens not real?

Thanks

they are real

[Antnoob]

Finally, I became a "token owner"   ... Well, only 1 so far for the test, but it brings rental profit already   .

However, I'm afraid I was able to brake the system of smart contracts, bought the first one after depositing only it's exact price in Etherdelta, and I didn't received it ... guess due to the lack of gas for the transaction. But according to etherscan the transaction passed and the contract was completed   ... Can't find a way to get in touch with Etherdelta support to ask about it ... The second attempt with a little bit more funds staying in my Etherdelta wallet after the purchase went as charm ...

Any idea what are these fractions of the WTT token? Can we buy less than 1 ( and what is the point of having 0.1 for example) ?

Guess I can send now to Gigawat one of those USB miners that are obsolete for years already   ...

PS: can someone paste again the link explaining the IOU scheme (how shall we receive them afterwards) of hitbtc, I've seen it a lot of pages behind and I'm too lazy to search for it ? Thanks in advance !

[Triangulum]

Dave promised to send weekly updates. 1 week passed, but did anybody see that update?  

Yep.
I really don't like delays. And no news on top of it. Nothing on twitter, Insta, ... Nada.  

I just joined Giga Watt slack channel to try to learn more about the delay. I am going to copy and paste what was posted yesterday by davidellison for those who do not have access to Giga Watt slack channel. BTW, you must email Giga Watt support and ask for an invitation to be able to join their slack channel.


1.  The delays as you can see from the timeline have mainly come from the codes inspectors.  GW is pulling in enough power for a small town and so they are scrutinizing everything.

2.  The GW team has been working very hard to address their concerns even though they may be small or petty.
 
3.  The latest controversy is over the PSUs from Bitmain.  Their PSUs don't have any formal agency stamp of approval and as a result will not allow GW to use them.  The ironic part is that Megabigpower (Dave Carlson's preceding company) has been successfully using them for many months.

4.  So to address "PSU gate" (as it's being referred to), GW is going to use another power supply available to them to get the first mining rigs up and going.

5.  It appears that the first Pod (or two - not sure) have received approval to commence mining once the PSU issue is resolved.

6.  So, GW is looking to get the first mining rigs up and running by the middle of this week (Wednesday).  Thankfully the GW team is willing to substitute their PSUs (as many as they have available) to get things rolling.

7.  GW is working with Bitmain to return the uncertified PSUs for credit (over $1M credit) and then pursue finding an alternate PSU.  GW has experience with other PSUs and is well aware of which units are preferred from a reliability and efficiency standpoint.  The challenge now, I believe is to find these alternate PSU’s quickly and at a reasonable cost.

I’m probably leaving out some info but I believe I’ve covered the main points of what’s been communicated.

Also, don’t be surprised if my understanding isn’t 100% completely accurate.

Hope this helps….if you have any questions, I’ll attempt to answer as best I can.

8.  Oh yeah….the other challenge with using another PSU is the connectors.  Fortunately, GW has experience with making connectors to interface with the Bitmain miners.