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Author Topic: ⚡⛏️[ANN] Giga Watt: Best Home for your Mining. Starts today!  (Read 145266 times)
cryptonomos
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May 16, 2017, 09:22:57 PM
 #141

Hello,

I’d like to see a little more clarification on the pricing structure. Let’s build a hypothetical situation where I purchase 10,000 WTT tokens.

These 10,000 WTT tokens get me 10kW of mining space and a power rate of 2.8¢ per kWh. If I dropped my own mining rigs in there, what would the additional cost be for Gigawatt to run and maintain my miners?  Your original post lists a 3.3¢ per kWh hosting fee for token owners. Assuming this includes power, that would imply Gigawatt is charging 0.5¢ per kWh for maintenance?

Now, getting a little more complicated, what sort of fees would be incurred if I had no mining rigs and wanted Gigawatt to find renters, fill my mining space, and manage it all for me?

Thank you for the information!


I'd be happy to clarify it for you Smiley

If you decide to drop your rigs in there, you would actually be getting reduced hosting fee, and you would also pay installation fee of $20 per Asic miner or $40 per GPU miner, depending on what you decide to send in. With WTT tokens, your rental fee drops to 0, and you would only be paying 3.3¢ per kWh, that is correct. Maintenance of 0.5¢ per kWh is already included in 3.3¢ price.

It's not so complicated actually, see for yourself using this calculator. With renting out 10,000 tokens to other miners, you could potentially earn anywhere from $3679.20 of annual rental income (assuming you picked 4.2¢/kW/h rental fee) to $5650.20 (that is with 6.45¢/kW/h rental fee). You decide which rental fee to pick. There will be dashboard, where you would be able to find miners with matching fees in your cabinet in Giga Watt's account. You wouldn't need to manage much, besides choosing what type of payout you would have (BTC, LTC, ETH) - just sit back and enjoy the ride Smiley

So to be clear; the WTT tokens will give me a space for putting my own equipment, and give a discount of the power price from 12.8 cents/kWh to 3.3 cents/kWh. But I still need to buy my own equipment. To put a BTC miner of 1500 watts there (of ~$1500), I will need to invest 1500 WTT tokens (= $1500) and still have to pay 3.3 cents/kWh.  The financial benefit of the WTT tokens I bought would be 12.8-3.3 = 9.5 cents/kWh, which means that it would take 1500/0.095 ~ `15000 hours, or 650 days to earn back the purchase price of the WTT tokens? This is besides the revenue of the mining of course....

I think I misread your answer a bit, sorry about that. The amount of tokens needed for a single miner equals its power consumption +10% on top, so let's say for PandaMiner it's 1250W+10% = 1375 WTT tokens. You would get your return on 10000 WTT tokens anywhere in between 2 and 3 years, that is correct, depending on the rental fee.

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May 16, 2017, 09:27:00 PM
 #142


Thank you, I understand the pricing better now.

Now, if I were to rent out my tokens, I'd obviously want to select the highest rental fee possible. But Giga Watt will only have a limited number of customers in the higher hosting-fee tier. How will it be determined who gets to "host" the more profitable miners. Will token holders who want to rent their space have priority over Giga Watt? Who has priority between two token holders?

Thank you for taking the time to help us understand the different ways we can use the WTT tokens!

All tokens are the same - it has no priority for each other, it is secured by a smart contract. However, the  distribution of tokens takes place in order of priority.

I'm sorry, I must've phrased my question poorly. If I own tokens, but I want to rent that space out to other miners, you say I'll be able to select from 4 different rental rates and get matched up with a miner in Giga-Watt's account. Why would I ever select anything but the highest rate (6.45¢ per kWh)? I think the answer is that Giga-Watt only has a limited number of clients hosting hardware at the higher rate, so I might be forced to select a lower rental rate.

Let's say that, hypothetically, Giga-Watt only has one customer hosting mining rigs in the highest fee tier and these mining rigs total 10kW of power. If 2 people both own 10,000 WTT tokens and both want to rent that space out, which of them would rent to this miner for 6.45¢ per kWh and which would be forced to drop down a tier and rent to someone else at a lower rate? There must be a way to prioritize who gets to "host" the more profitable miners, right?

Thank you!
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May 16, 2017, 09:40:57 PM
 #143

cryptonomos

No bounties?

Answer me please, you don't care about the messages!

cryptonomos
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May 16, 2017, 11:55:28 PM
 #144

It seems a good project... I'll invest some BTC  Grin

Thank you  Smiley


cryptonomos

No bounties?

Answer me please, you don't care about the messages!

We will announce bounty program shortly in all social media accounts, please check back with us.

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May 17, 2017, 12:13:31 AM
 #145

dev, can you make a picture with your face and a piece of paper with the topic url and time?

Oke leave the face, but make a picture where you hold a piece of paper in front of your miners with topic url and date and time. Easy thing to do right?
Ok, we will give you a photo proof on Monday, is that okay?

Hello, Bfljosh. This was our 21st take, before we actually got a good shot for you, so hope you enjoy Smiley

http://imgur.com/a/S7Z38

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May 17, 2017, 02:23:45 AM
 #146

are you going to sell miners on your website ?

cryptonomos
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May 17, 2017, 03:03:55 AM
 #147


@Dev team - what do you plan to do with the unsold tokens - BURN?
Tokens are issued after sales - not purchased will not be released.

Can you clarify this please? What do you mean the unsold tokens won't be released? They will not be burnt? If they are not burnt, where will they be placed and who will own them? It will negatively impact the value of the tokens that are actually sold.

There will not be any additional WTT tokens except the ones that are raised through Token Launch. So there will be nothing to "burn". The first facilities are already build and are running. New Giga Pods are currently being constructed using own money, that's why any amount of WTT tokens can be released to public. Did that clarify your question?

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May 17, 2017, 03:22:14 AM
 #148

Good luck and I waiting on token sale
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May 17, 2017, 03:38:18 AM
 #149

How do we know this won't be another disaster like paycoin?

Giga Watt is a real life project created by David Carlson and his team. Giga Watt tokens offer the right to use the actual existing data processing facilities. Twice a month Giga Watt holds an Open House which you are welcome to attend and see with your own eyes that Giga Watt is a legitimate business. To sign up for our Open House go to https://cryptonomos.com/wtt/#openHouse.

It's very good news . I will follow this project . so do you intend to sell the miners for mining? if yes. this token should be used for this project ?

Minexcoin — A new era of payments || ICO || DISCUSSION
cryptonomos
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May 17, 2017, 06:19:21 AM
 #150


Thank you, I understand the pricing better now.

Now, if I were to rent out my tokens, I'd obviously want to select the highest rental fee possible. But Giga Watt will only have a limited number of customers in the higher hosting-fee tier. How will it be determined who gets to "host" the more profitable miners. Will token holders who want to rent their space have priority over Giga Watt? Who has priority between two token holders?

Thank you for taking the time to help us understand the different ways we can use the WTT tokens!

All tokens are the same - it has no priority for each other, it is secured by a smart contract. However, the  distribution of tokens takes place in order of priority.

I'm sorry, I must've phrased my question poorly. If I own tokens, but I want to rent that space out to other miners, you say I'll be able to select from 4 different rental rates and get matched up with a miner in Giga-Watt's account. Why would I ever select anything but the highest rate (6.45¢ per kWh)? I think the answer is that Giga-Watt only has a limited number of clients hosting hardware at the higher rate, so I might be forced to select a lower rental rate.

Let's say that, hypothetically, Giga-Watt only has one customer hosting mining rigs in the highest fee tier and these mining rigs total 10kW of power. If 2 people both own 10,000 WTT tokens and both want to rent that space out, which of them would rent to this miner for 6.45¢ per kWh and which would be forced to drop down a tier and rent to someone else at a lower rate? There must be a way to prioritize who gets to "host" the more profitable miners, right?

Thank you!

Lower fees are applicable to customers with larger amount of miners. The reason why you might choose miners with lower fees is so you wouldn't have to manually pick many separate miners (in case you got a lot of tokens), and can just choose one - less work for you.

In terms of priorities - there is none, first come first served. If you see an available miner with 6.45¢ and choose it him/her before anyone else, you are set Smiley

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May 17, 2017, 07:56:15 AM
 #151

are you going to sell miners on your website ?



We already do! Please check https://giga-watt.com/promo/plans

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May 17, 2017, 08:09:33 AM
 #152

Listed:
https://www.ico-list.com/index.php?m=Index&a=detail&id=158

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May 17, 2017, 08:32:49 AM
 #153


@Dev team - what do you plan to do with the unsold tokens - BURN?
Tokens are issued after sales - not purchased will not be released.

Can you clarify this please? What do you mean the unsold tokens won't be released? They will not be burnt? If they are not burnt, where will they be placed and who will own them? It will negatively impact the value of the tokens that are actually sold.

There will not be any additional WTT tokens except the ones that are raised through Token Launch. So there will be nothing to "burn". The first facilities are already build and are running. New Giga Pods are currently being constructed using own money, that's why any amount of WTT tokens can be released to public. Did that clarify your question?

Thanks for replying, but Im still confused. Let's say $5,000,000 is raised through the crowdsale. I guess this means that 5,000,000 tokens will be sold, as each token is equal to $1. Does that mean that only 5,000,000 tokens will be created, instead of 30,000,000?


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May 17, 2017, 08:39:24 AM
 #154

are you going to sell miners on your website ?



We already do! Please check https://giga-watt.com/promo/plans

it's so nice to see this project as like as http://miningrigrentals.com/ but this is real mining farm for renting but not resellers of miningrigrentals.com
I will join it now. I hope I will get a profit when I invest here.
cryptonomos
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May 17, 2017, 09:50:45 AM
 #155


@Dev team - what do you plan to do with the unsold tokens - BURN?
Tokens are issued after sales - not purchased will not be released.

Can you clarify this please? What do you mean the unsold tokens won't be released? They will not be burnt? If they are not burnt, where will they be placed and who will own them? It will negatively impact the value of the tokens that are actually sold.

There will not be any additional WTT tokens except the ones that are raised through Token Launch. So there will be nothing to "burn". The first facilities are already build and are running. New Giga Pods are currently being constructed using own money, that's why any amount of WTT tokens can be released to public. Did that clarify your question?

Thanks for replying, but Im still confused. Let's say $5,000,000 is raised through the crowdsale. I guess this means that 5,000,000 tokens will be sold, as each token is equal to $1. Does that mean that only 5,000,000 tokens will be created, instead of 30,000,000?

If it happens that there will be only $5,000,000 raised, then there will be 5,750,000 tokens released - extra 15% are for the team and partners.

cryptonomos
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May 17, 2017, 10:31:29 AM
 #156


Thank you so much!

cryptonomos
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May 17, 2017, 12:01:14 PM
 #157

How do we know this won't be another disaster like paycoin?

Giga Watt is a real life project created by David Carlson and his team. Giga Watt tokens offer the right to use the actual existing data processing facilities. Twice a month Giga Watt holds an Open House which you are welcome to attend and see with your own eyes that Giga Watt is a legitimate business. To sign up for our Open House go to https://cryptonomos.com/wtt/#openHouse.

It's very good news . I will follow this project . so do you intend to sell the miners for mining? if yes. this token should be used for this project ?


Thank you! Yes, Giga Watt is already selling miners. All the information about the mining equipment can be found here:https://giga-watt.com/promo/prices
Tokens will give you ability to host your miners with reduced hosting fees, as well as rent them out to other miners to receive rental income.

cryptonomos
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May 17, 2017, 01:53:53 PM
 #158

Good luck and I waiting on token sale
Thank you!  Smiley

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May 17, 2017, 04:48:19 PM
 #159

So what happens if i buy tokens that are too much for my rig/rigs but not enough for next rig? Can i rent it out even though it's not enough to power single rig.

In short let's say i bought tokens for 1500W, and host some hypotetical miner which eats 1100W. So what can i do with left over 400W. Can i rent those 400W out, can i get like partial discount for next rig - 400W cheap price, 700W higher price. Let's assume i use bigger rigs and not low power Baikals.

Thanx!
cryptonomos
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May 17, 2017, 05:59:59 PM
 #160

So what happens if i buy tokens that are too much for my rig/rigs but not enough for next rig? Can i rent it out even though it's not enough to power single rig.

In short let's say i bought tokens for 1500W, and host some hypotetical miner which eats 1100W. So what can i do with left over 400W. Can i rent those 400W out, can i get like partial discount for next rig - 400W cheap price, 700W higher price. Let's assume i use bigger rigs and not low power Baikals.

Thanx!
Thank you for your question.
If you have too much tokens you can rent them out in any amount.
If you  have not enough tokens you can rent them through Giga Watt website: giga-watt.com.

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