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Author Topic: ⚡⛏️[ANN] Giga Watt: Best Home for your Mining. Starts today!  (Read 165237 times)
cuteman
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November 04, 2017, 10:44:35 AM
 #1881

I'm so mad at the current ROI of dash miners. My plans weren't working accordingly to what I hoped for. Sold Btc to buy some alt coin, meanwhile btc goes up 3 times, I sell the alt coin at a loss being stuck and hoping to escape, I buy WTT and see that I was better of buying hardware, I buy hardware, I see I was better of being stuck with WTT, now the dash miners costed me 3700$ early Oct (rusting at gigawatt) and 2000$ December, while the ROI is about 3500$ in one year for both, and below 6$ (less then s9) if things are steady. The l3 does better but it did arrive? Gigawatt...

Had 2.7btc worth of about 5700$ in may. I added another 1200$ and the ballance with hardware and tokens is at about 7700$ if does ROI before I get crazy and full of regret. You can easily calculate that I was better of holding btc and have 3x5700$

C est la vie. We will make it though, things getting better with time. Let it go bros.
Me too - I wish I did not buy a few D3 miners, but greed shut my eyes  Cry   Better to hold money in BTC.   But who knew.....

Let's hope for the best!
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cuteman
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November 04, 2017, 10:50:32 AM
 #1882

where can I buy your token right now?
you can buy either on hitbtc (but this will be IOY future tokens only), or on Etherdelta.
cuteman
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November 04, 2017, 10:52:13 AM
 #1883

Is anybody here renting their WTT? Is it working? i am waiting for batch 3 to be issued.
Yes. As sson as you get the tokens from Cryptonomos, you can rent them out immediatly.  I did so, and get constant small income now Smiley



Dopert
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November 04, 2017, 11:12:19 AM
 #1884

Yhe right, stire everybody away and buy all tokens for 50 cents in januari. No way Jose
why do you think it will cost 50 cents in January? 

People where bragging about GW is a scam. Lowering trust in GW. So i replyd they just want a cheap token price.

I am disapoited about delays but not lost trust. If batch 4 is operational i think the price will be over 2 dollars and hitting 5 later the year.
cuteman
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November 04, 2017, 11:20:58 AM
 #1885

Yhe right, stire everybody away and buy all tokens for 50 cents in januari. No way Jose
why do you think it will cost 50 cents in January? 

People where bragging about GW is a scam. Lowering trust in GW. So i replyd they just want a cheap token price.

I am disapoited about delays but not lost trust. If batch 4 is operational i think the price will be over 2 dollars and hitting 5 later the year.
yeah. The biggest question is WHEN this IF happens.  At the moment GW support says that batches 3 and 4 will be deployed in December, but big delays may happen again ....
Borisminer
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November 04, 2017, 03:26:28 PM
 #1886

Don't get it: why deposit WTT taking such a long time? Pending 2 tx....

People say they can't rent all WTT... is that true?
cuteman
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November 04, 2017, 03:30:27 PM
 #1887

Don't get it: why deposit WTT taking such a long time? Pending 2 tx....

People say they can't rent all WTT... is that true?
it needs a lot of confirmation, you need to wait.

regarding renting - you meant renting out, correct? - you'll be ble to rent them out 100% at the lowest rent, i am sure
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November 04, 2017, 04:26:06 PM
 #1888

Don't get it: why deposit WTT taking such a long time? Pending 2 tx....

People say they can't rent all WTT... is that true?
it needs a lot of confirmation, you need to wait.

regarding renting - you meant renting out, correct? - you'll be ble to rent them out 100% at the lowest rent, i am sure

Ok thanks! And for the higher/highest rate? I can rent out 100% but will I recieve smth.? How to decide which rate?
cuteman
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November 04, 2017, 04:46:09 PM
 #1889

Don't get it: why deposit WTT taking such a long time? Pending 2 tx....

People say they can't rent all WTT... is that true?
it needs a lot of confirmation, you need to wait.

regarding renting - you meant renting out, correct? - you'll be ble to rent them out 100% at the lowest rent, i am sure

Ok thanks! And for the higher/highest rate? I can rent out 100% but will I recieve smth.? How to decide which rate?
You can choose the renting rate by yourself, BUT most probably not all of your tokens will be rented out at that rate, and part of them will stay unrented. This is because not many people are willing to rent at high price (in fact rate depends on the qty of miners, and most people who rent now are old GW customers with big qty of miners).  Initially i tried to rent out at higher price but only part was hiring.  So i decided to lower the rate, and now all tokens are rented out.
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November 04, 2017, 04:55:03 PM
 #1890

Can somebody explain how renting out tokens work? So far i can see there is no time frame given by renting out. Can you get back ghe rented out tokens at any moment? And if you rent tokens for mining, do you have ensurrence that tokens are yours as long as you want?

I do not understand how token offering and demand works if there is no timeframe, or do i miss something?
chip1982
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November 04, 2017, 08:48:58 PM
 #1891

Can somebody explain how renting out tokens work? So far i can see there is no time frame given by renting out. Can you get back ghe rented out tokens at any moment? And if you rent tokens for mining, do you have ensurrence that tokens are yours as long as you want?

I do not understand how token offering and demand works if there is no timeframe, or do i miss something?

Hosting Fee, cents/kW/h   

Miners   Standard   WTT Holder Saving   Rent
                        
100+     7.50         3.30          56.00%       4.2
50-99   8.25         3.30          60.00%       4.95
10-49   9.00         3.30          63.33%       5.7
1-9        9.75      3.30       66.15%       6.45

The number of miners determine which rent has to be paid. As a WTT holder of excess tokens you simply choose at which offered rate you want to lease out. The system then automatically matches your offered tokens with miners of clients without tokens.

There is no efficient market pricing model here since the price of the rent only reflects GW willingness to give a discount for increasing numbers of miners.

Once you rent out, you must wait a couple of hours. Then your account is rewarded every full hour. You can stop at any given time. In that case you get the rent from the last full cycle.
Dopert
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November 04, 2017, 09:28:05 PM
 #1892

Can somebody explain how renting out tokens work? So far i can see there is no time frame given by renting out. Can you get back ghe rented out tokens at any moment? And if you rent tokens for mining, do you have ensurrence that tokens are yours as long as you want?

I do not understand how token offering and demand works if there is no timeframe, or do i miss something?

Hosting Fee, cents/kW/h   

Miners   Standard   WTT Holder Saving   Rent
                        
100+     7.50         3.30          56.00%       4.2
50-99   8.25         3.30          60.00%       4.95
10-49   9.00         3.30          63.33%       5.7
1-9        9.75      3.30       66.15%       6.45

The number of miners determine which rent has to be paid. As a WTT holder of excess tokens you simply choose at which offered rate you want to lease out. The system then automatically matches your offered tokens with miners of clients without tokens.

There is no efficient market pricing model here since the price of the rent only reflects GW willingness to give a discount for increasing numbers of miners.

Once you rent out, you must wait a couple of hours. Then your account is rewarded every full hour. You can stop at any given time. In that case you get the rent from the last full cycle.

The info is clear, but how can GW manage the fixed amout of watts (tokens) if ask and demand has no timeframe. For example all tokens are rented out (so no free watts) and exchanges hit 10 dollars so many token holders stop renting out and sell. New token holders make use of there bought tokens/watt.

In this case there where no watts left and new token holders plugging in on there watts. What will hapen to miners who rented tokens and people stop renting out? The operation mining scale is not fixed if there is no timeframe  Huh
Raascal
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November 04, 2017, 09:34:15 PM
 #1893

This was in telegram.

"We expect batch 1/2 to be completed within the next couple of days. Please keep an eye on you dashboard, your hardware will appear once deployed"
and
"Batch 3/4 Token will be issued in December 2017"
chip1982
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November 04, 2017, 11:12:32 PM
Last edit: November 05, 2017, 09:34:17 AM by chip1982
 #1894

Can somebody explain how renting out tokens work? So far i can see there is no time frame given by renting out. Can you get back ghe rented out tokens at any moment? And if you rent tokens for mining, do you have ensurrence that tokens are yours as long as you want?

I do not understand how token offering and demand works if there is no timeframe, or do i miss something?

Hosting Fee, cents/kW/h   

Miners   Standard   WTT Holder Saving   Rent
                        
100+     7.50         3.30          56.00%       4.2
50-99   8.25         3.30          60.00%       4.95
10-49   9.00         3.30          63.33%       5.7
1-9        9.75      3.30       66.15%       6.45

The number of miners determine which rent has to be paid. As a WTT holder of excess tokens you simply choose at which offered rate you want to lease out. The system then automatically matches your offered tokens with miners of clients without tokens.

There is no efficient market pricing model here since the price of the rent only reflects GW willingness to give a discount for increasing numbers of miners.

Once you rent out, you must wait a couple of hours. Then your account is rewarded every full hour. You can stop at any given time. In that case you get the rent from the last full cycle.

The info is clear, but how can GW manage the fixed amout of watts (tokens) if ask and demand has no timeframe. For example all tokens are rented out (so no free watts) and exchanges hit 10 dollars so many token holders stop renting out and sell. New token holders make use of there bought tokens/watt.

In this case there where no watts left and new token holders plugging in on there watts. What will hapen to miners who rented tokens and people stop renting out? The operation mining scale is not fixed if there is no timeframe  Huh

A time frame is not needed because of an hourly payment. If people stop renting, the miners without tokens must pay the standard hosting fee.
Dopert
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November 05, 2017, 01:23:05 AM
 #1895

@chip1982; the bell does not ring (jet), but thanks for trying.  Smiley
chip1982
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November 05, 2017, 09:32:41 AM
 #1896

@chip1982; the bell does not ring (jet), but thanks for trying.  Smiley

Get a couple of tokens and try it out. You'll get the aha effect once you see how it works.
c0207148
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November 06, 2017, 01:42:47 AM
 #1897


My tokens was rented out at the lowest rate @4.2c

Today, I found all my tokens became 100% free...   that means, all is not rent out, no rental income any more...

What should I do now ?

chip1982
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November 06, 2017, 07:45:56 AM
 #1898


My tokens was rented out at the lowest rate @4.2c

Today, I found all my tokens became 100% free...   that means, all is not rent out, no rental income any more...

What should I do now ?



a.) sell
b.) wait
c.) buy more

I'm in for b.)
Bitcoin2theEnd
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November 06, 2017, 08:16:30 AM
 #1899

This was in telegram.

"We expect batch 1/2 to be completed within the next couple of days. Please keep an eye on you dashboard, your hardware will appear once deployed"
and
"Batch 3/4 Token will be issued in December 2017"


I thought Batch 1 & 2 were already completed
c0207148
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November 06, 2017, 10:29:55 AM
 #1900


My tokens was rented out at the lowest rate @4.2c

Today, I found all my tokens became 100% free...   that means, all is not rent out, no rental income any more...

What should I do now ?



a.) sell
b.) wait
c.) buy more

I'm in for b.)

Did you mean your tokens are also 100% free and not rent out at the moment ?

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