Bitcoin Forum
October 16, 2018, 05:03:07 AM *
News: Make sure you are not using versions of Bitcoin Core other than 0.17.0 [Torrent], 0.16.3, 0.15.2, or 0.14.3. More info.
 
   Home   Help Search Donate Login Register  
Pages: « 1 2 3 4 5 6 7 8 9 [10] 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 ... 140 »
  Print  
Author Topic: ⚡⛏️[ANN] Giga Watt: Best Home for your Mining. Starts today!  (Read 161180 times)
cryptonomos
Member
**
Offline Offline

Activity: 98
Merit: 10


View Profile WWW
May 22, 2017, 09:50:45 AM
 #181

Interesting idea on mining referral. But how WTT save 59% on mining costs? Where is the calculation?

On the calculator page - https://cryptonomos.com/wtt/calculator - if you choose "accomodate own miners" and punch in 1 WTT token, you will see 59 cents of saving on mining costs per each token.

1539666187
Hero Member
*
Offline Offline

Posts: 1539666187

View Profile Personal Message (Offline)

Ignore
1539666187
Reply with quote  #2

1539666187
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
cryptoworldwide
Sr. Member
****
Offline Offline

Activity: 532
Merit: 250


"Proof-of-Asset Protocol"


View Profile WWW
May 22, 2017, 11:37:38 AM
 #182

As a Token holder's anyone can save money on rental fees that are clear.

In regards of accommodating own mining does token holders need to invest further in (equipment/Rental hardware) just to mine any coin like BTC/ETH/LTC?


cryptonomos
Member
**
Offline Offline

Activity: 98
Merit: 10


View Profile WWW
May 22, 2017, 01:22:19 PM
 #183

As a Token holder's anyone can save money on rental fees that are clear.

In regards of accommodating own mining does token holders need to invest further in (equipment/Rental hardware) just to mine any coin like BTC/ETH/LTC?



As a tokenholder, if you would like to be able to mine anything (BTC/ETH/LTC), you would need mining equipment, yes.

cryptonomos
Member
**
Offline Offline

Activity: 98
Merit: 10


View Profile WWW
May 22, 2017, 01:24:15 PM
 #184

Attention everyone! Our WTT token pre-sale is underway - https://cryptonomos.com/wtt/presale
The general sales start on June 2, 2017.

The pre-sale entry threshold is 10,000 WTT tokens (equals USD 10,000)
Payment methods: BTC, ETH, wire transfer
Pre-sale will continue until 12 pm PDT on June 2, 2017

The main reason why you should consider taking advantage of the pre-sale is that WTT tokens will be distributed on the first come, first served basis. So the first buyers will receive tokens in the first batch of issue and will gain access to the capacities which will be completed by the end of the Token Launch. Moreover, the buyers of the first 2.25 million WTT tokens will gain access to the capacities which are in operation right now.

To take advantage of the pre-sale, please complete the pre-sale request at https://cryptonomos.com/wtt/presale

Hurry up! The number of tokens offered in pre-sale is limited.

Please let us know if you have any questions. You can also get answers at https://telegram.me/wtt_token

cryptoworldwide
Sr. Member
****
Offline Offline

Activity: 532
Merit: 250


"Proof-of-Asset Protocol"


View Profile WWW
May 22, 2017, 01:36:17 PM
 #185

That means being a token holder you are not eligible to mine any coin unless you buy Equipment?

If so what are the option available to buy or rent Equipment for mining coin?



As a Token holder's anyone can save money on rental fees that are clear.

In regards of accommodating own mining does token holders need to invest further in (equipment/Rental hardware) just to mine any coin like BTC/ETH/LTC?



As a token holder, if you would like to be able to mine anything (BTC/ETH/LTC), you would need mining equipment, yes.

owldeveloper
Newbie
*
Offline Offline

Activity: 58
Merit: 0


View Profile
May 22, 2017, 09:12:47 PM
 #186

This project looks interesting. I am not US resident and I want to setup ETH miners in your facility. I have below questions. 

Just, for example, I will buy 11000 wtt tokens to run 10 GPU miner.

1. What have I to pay you to set up these ETH miners for me?
2. Will there be any recurring fee to run these miners if there will be then how much?
3. Where will I be able to check the status of these miners?
3. Will these token expire ever?
4. Why would anyone be interested in renting out these tokens?



123ltg
Full Member
***
Offline Offline

Activity: 448
Merit: 100


View Profile WWW
May 22, 2017, 09:42:56 PM
 #187

bounty?
Prozak
Full Member
***
Offline Offline

Activity: 155
Merit: 100


View Profile
May 22, 2017, 10:58:01 PM
 #188

Great idea!! Im always dreaming about it. I will participate
cryptonomos
Member
**
Offline Offline

Activity: 98
Merit: 10


View Profile WWW
May 23, 2017, 01:53:48 AM
 #189

Yay! We finally started our Bounty program! Hurry up to reserve your regional activities.
Click here

cryptonomos
Member
**
Offline Offline

Activity: 98
Merit: 10


View Profile WWW
May 23, 2017, 02:10:01 AM
 #190

And one more thing. We finally released White Paper!
Download

Invest It In
Newbie
*
Offline Offline

Activity: 21
Merit: 0


View Profile
May 23, 2017, 04:39:29 AM
 #191

BTC

GigaWatt mining interview, contains many must reads for those planning to invest:
https://www.investitin.com/cryptocurrency-mining-investment/
owldeveloper
Newbie
*
Offline Offline

Activity: 58
Merit: 0


View Profile
May 23, 2017, 06:36:27 AM
 #192

@cryptonomos Please confirm.
To setup ETH miner.
I will need to first pay you $2,664 and buy $1375 WTT tokens and then pay 0.23 cents per day to run and maintain the miner.  

What if after six months I don't want to mine. I know I can rent my token. What about the miner cost $2664 that I paid you?
ETH is soon going to use POS model. Will you switch miner to mine other coins later?
cryptonomos
Member
**
Offline Offline

Activity: 98
Merit: 10


View Profile WWW
May 23, 2017, 08:28:31 AM
 #193

@cryptonomos Please confirm.
To setup ETH miner.
I will need to first pay you $2,664 and buy $1375 WTT tokens and then pay 0.23 cents per day to run and maintain the miner.  

Yes, you are right.


What if after six months I don't want to mine. I know I can rent my token. What about the miner cost $2664 that I paid you?

2664$ is the price of miner. Miner belongs to you.


ETH is soon going to use POS model. Will you switch miner to mine other coins later?

Yes, you can switch miner to mine other coins.

owldeveloper
Newbie
*
Offline Offline

Activity: 58
Merit: 0


View Profile
May 23, 2017, 08:46:02 AM
 #194

Thanks for answering these questions.

Is there any other cost which I did not add?
Can panda miner switch to mine other coins later?
Is there any cost to switch miner to mine other cryptocurrencies?

@cryptonomos Please confirm.
To setup ETH miner.
I will need to first pay you $2,664 and buy $1375 WTT tokens and then pay 0.23 cents per day to run and maintain the miner.  

Yes, you are right.


What if after six months I don't want to mine. I know I can rent my token. What about the miner cost $2664 that I paid you?

2664$ is the price of miner. Miner belongs to you.


ETH is soon going to use POS model. Will you switch miner to mine other coins later?

Yes, you can switch miner to mine other coins.
TeraBite
Legendary
*
Offline Offline

Activity: 1106
Merit: 1001



View Profile
May 23, 2017, 08:55:56 AM
 #195

Bounty program is only for translation what about to launch another campaign with signature and social media. These days signature is very helpful to promote any project because this program is really interesting and so many people would like to join this.

cryptoworldwide
Sr. Member
****
Offline Offline

Activity: 532
Merit: 250


"Proof-of-Asset Protocol"


View Profile WWW
May 23, 2017, 10:16:47 AM
 #196

So My understanding To Mine with Panda we need to pay US$2664 for equipment + US$1250 for WW or buy this amount of token+ per day rent charge, as a token holder you will get waive of rent charge and hosting fee pls clarify?

pls also confirm what would be production capacity per day so we can calculate approximate return on investment?

Also, confirm how much electricity and other charges you will deduct each day to run this panda?

is there any option we can go for rent equipment from you rather than healthy investment in equipment?

What will happen if I have less Token of 1250 watt how can I run mining of 1250 WW?

From my understanding being token holder you are buying rent and hosting charges nothing else.

Your reply on each specific question would highly appreciate and I believe it will also help other members to justify the investment into this project.





@cryptonomos Please confirm.
To setup ETH miner.
I will need to first pay you $2,664 and buy $1375 WTT tokens and then pay 0.23 cents per day to run and maintain the miner.  

Yes, you are right.


What if after six months I don't want to mine. I know I can rent my token. What about the miner cost $2664 that I paid you?

2664$ is the price of miner. Miner belongs to you.


ETH is soon going to use POS model. Will you switch miner to mine other coins later?

Yes, you can switch miner to mine other coins.

DonApp
Sr. Member
****
Offline Offline

Activity: 274
Merit: 250


View Profile
May 23, 2017, 11:37:20 AM
 #197

So it appears i am too late to buy some L3+ miners at Gigawatt. Was looking for buying some in combination with WTT tokens. Support states it is not possible to purchase L3+ miners until late August, is this true? Was looking to buy a decent amount of both of them.... Any possibility to arrange something? Thanks!
cryptonomos
Member
**
Offline Offline

Activity: 98
Merit: 10


View Profile WWW
May 23, 2017, 02:51:16 PM
 #198

Bounty program is only for translation what about to launch another campaign with signature and social media. These days signature is very helpful to promote any project because this program is really interesting and so many people would like to join this.
We are not planning bounty for social media but we have referral program: https://bitcointalk.org/index.php?topic=1914900.msg19103130#msg19103130

cryptonomos
Member
**
Offline Offline

Activity: 98
Merit: 10


View Profile WWW
May 23, 2017, 09:28:38 PM
 #199

Good news for mining industry! Segwit got approved Smiley
https://news.bitcoin.com/new-york-bitcoin-miners-tentatively-agree-on-segwit-activation/

chip1982
Full Member
***
Offline Offline

Activity: 183
Merit: 100


View Profile
May 23, 2017, 10:47:47 PM
 #200

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....
Yes, you are right.

Hi, I seem to have a misunderstanding in this example.

I thought the power price is always at 2.8 cents/kWh no matter which scenario, which means there is no discount on the power price. The benefits from the WTT token comes in a deduction of the rental fee to zero. If the standard hosting fee without token for one miner is 9.75 cents/kWh then the benefits of the token is 9.75-3.3 =  6.45 cents/kWh, which should mean that it takes even longer to earn back the purchase price of the WTT token.

Where does the 12.8 cents/kWH come from?

Thanks for any clarification.

Pages: « 1 2 3 4 5 6 7 8 9 [10] 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 ... 140 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!