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Author Topic: ⚡⛏️[ANN] Giga Watt: Best Home for your Mining. Starts today!  (Read 143999 times)
cuteman
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September 09, 2017, 10:59:29 AM
 #1381

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

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September 09, 2017, 03:17:44 PM
 #1382


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 Cry Cry Cry I hope higher rate!
SatyrA
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September 09, 2017, 03:52:35 PM
 #1383


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 Cry Cry Cry 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
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September 09, 2017, 04:49:23 PM
 #1384

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

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

I did not post this message, The Russians did it !
chip1982
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September 09, 2017, 07:00:26 PM
 #1385


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 Cry Cry Cry 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.
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September 09, 2017, 07:29:01 PM
 #1386


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 Cry Cry Cry 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
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September 09, 2017, 07:31:48 PM
 #1387

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
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September 09, 2017, 07:40:24 PM
 #1388


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 Cry Cry Cry 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
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September 09, 2017, 07:44:38 PM
 #1389

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
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September 09, 2017, 09:08:45 PM
 #1390

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.

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chip1982
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September 09, 2017, 10:08:29 PM
 #1391

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
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September 09, 2017, 10:28:38 PM
 #1392

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
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September 09, 2017, 10:41:30 PM
 #1393

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
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September 11, 2017, 06:03:09 AM
 #1394

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

Thanks
rafzalan
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September 11, 2017, 06:30:42 AM
 #1395

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

Thanks
they are real

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September 11, 2017, 04:45:42 PM
 #1396

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

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 Sad ... guess due to the lack of gas for the transaction. But according to etherscan the transaction passed and the contract was completed  Shocked ... 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  Grin Grin Grin ...

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 Cheesy ? Thanks in advance !
Triangulum
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September 11, 2017, 06:57:52 PM
 #1397

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

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

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.
Mr Frog
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September 11, 2017, 07:16:03 PM
 #1398

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.

Thank You Triangulum. Also a new feature: https://giga-watt.com/promo/timeline an up to date daily schedule

I did not post this message, The Russians did it !
cuteman
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September 12, 2017, 07:56:27 AM
 #1399

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.

Many thanks or sharing!    This is really strange that Bitmain PSUs which are used all over the world are not "approved" by these idiot inspectors.


p.s. Code Inspections, Inc., established in 1986, is a licensed and authorized third party inspection and plan review agency. The firm is fully qualified to review, inspect and enforce in the categories of Building, Plumbing, Mechanical, Electrical, Fire, Accessibility and Property Maintenance.

cuteman
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September 12, 2017, 08:04:40 AM
 #1400

So before investing in an ICO - check its #CryptoHygiene

Charlie Lee, inventor of Litecoin wrote today on twitter: 

" I want to make this clear. I don't support ICOs. I have not and will not invest in ICOs. Please don't ask me to be an advisor to your ICO. "

Most ICOs are scam.   One of the exceptions is Giga-watt  Cheesy

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