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Author Topic: ⚡⛏️[ANN] Giga Watt: Best Home for your Mining. Starts today!  (Read 165295 times)
chip1982
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November 10, 2017, 12:07:14 PM
 #1941

I have just been issued my Giga Watt tokens from batch 3, yay. Time for some passive income.
Yes, I got too, but seems we can not rent them.
Think i found renting button, after a click on, a popup appears, i selected a rating then after a short while it says: all free tokens rented out but on main page all tokens still are shown as free, why?

The income from rent is credited approx. 3 hours later. So just wait. If you choose the smallest rate about 64% of your tokens are rented out. This will show up in the right circle.
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chip1982
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November 10, 2017, 12:11:49 PM
 #1942

I hope someone can answer two questions for me.

Can I rent out my GigaWatt tokens on giga-watt.com for a while and sell them later on an exchange? Or can these tokens then only be used for renting out?

What is the current daily income (BTC) from rentals (rental rate 4.20)?

1. yes, you can rent out or sell on an exchange (etherdelta is already now possible)
2. depends on your investment objectives. You can rent, you can wait and buy miners while renting out, or you can speculate and sell
chip1982
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November 10, 2017, 12:22:20 PM
 #1943


What is the current daily income (BTC) from rentals (rental rate 4.20)?

0,000042 $/W/h*24* 1000 (tokens) =  1.01 $/day for 1000 tokens, assuming all 1000 tokens are rented out

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November 10, 2017, 02:21:53 PM
 #1944

According to wp then pods associated with batch 3 should be done too by tomorrow, otherwise what are tokens released for? I’m not sure how to take the news of release of tokens without the news of pods associated with them being complete. They are still deploying pods 1-2 which was previous batches of tokens, many of which are basically unused as most miners aren’t mining in those pods yet, week 4 of deploying miners in readybpods. So those batch 3 will be ready to trade but not use for at least 2 months.

Yes, but you can also rent them out. That eases the pain.

You can’t if pods associated with them aren’t built. You will learn the pain. I think GW realzied they won’t finish construction in time for this batch of tokens, so to avoid a refund on tokens which is stated in wp they just dumped tokens so people can be happy to trade them and have “control”. If tokens were somehow reassigned to another building then GW was lying about batch 3 token delays associated w build. Truth is nothing has happened past few days that would make them release batch 3. I guarantee those tokens can’t be rented for a while, which would be a breach of wp as tokens should be allocated to buildings, not arbitrarily issued whenever
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November 10, 2017, 05:12:59 PM
 #1945

Timeline is updated: building A finished.

https://www.giga-watt.com/promo/timeline

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November 10, 2017, 08:05:25 PM
 #1946

This is their sponsored(paid) article, i wouldn't trust it completely.
cuteman
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November 10, 2017, 08:06:29 PM
 #1947

Im the only one who think that delays explanation is they are mining with our miners?
MAYBE but we can't prove this.
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November 10, 2017, 08:08:18 PM
 #1948

I bought into the ICO in the Batch 1 timeframe and now my tokens are currently worth 44% more than I paid, plus I am earning rent on them while I wait for Giga-Watt to install my miner.
No, token dumped to about $1 now, with the 3rd batch release.  People can't use them, because of the delays.
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November 10, 2017, 08:18:26 PM
 #1949

This is by Ziaul from the GW Support Team on Telegram:

Hello All. You know that we are working on batch 1/2 ( wtt holder). Our deployment process is running 7 days in a week.  You will have most part through this week and next week. We need more 1-2 weeks from now to complete the whole process. You can have your miner in dashboard any time.   For Batch 3/4 -Giga Watt is deploying hardware from batch 1 and 2 of the hardware sale now, once the remaining pods are completed we will be deploying the next batch of hardware.sometime in the late November or early part of December in the power that is under construction and going online in Moses Lake. Please continue to view the timeline as additional power capacity is being built out: www.giga-watt.com/promo/timeline. Sorry for any inconvenience caused and thank you for your kindly cooperation!  . Check here

Thank you much for the information.  This is really good news and its really nice to hear a date  Shocked. It will be nice to be able to see it get started. If it works well, maybe I'll get a few more miners.

Take GW info with big scepticism.  A few weeks ago they promised mining start within 2 weeks.  Now again "1-2 weeks more".  How ljng this will continue??  Undecided

Though i believe they are legit, thier customer support is TERRIBLE, not able to answer simple questions, and often ignore you.  Not good for an American company.
JimmyCoin
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November 11, 2017, 01:48:41 AM
 #1950

So are these guys a scam?
I'm wanting to invest big money here.

Does someone from the team want to clarify whats going on here?
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November 11, 2017, 02:37:38 AM
 #1951

Just had a look on the website and it indicates that 3 pods and building A is complete, why are no miners running yet?
cuteman
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November 11, 2017, 08:32:16 AM
 #1952

So are these guys a scam?
I'm wanting to invest big money here.
No , they are NOT scam, but have BIG delays.

Today my L3 miner finally started to mine there  Wink   2 month delay means $600 loss.   Sad But I am not completely upset. Smiley

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November 11, 2017, 08:34:47 AM
 #1953

Just had a look on the website and it indicates that 3 pods and building A is complete, why are no miners running yet?
After completing pods they start deploying the rigs, and it may take many weeks.
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November 11, 2017, 11:07:31 AM
 #1954

Yesterday was my first day renting a portion of WTTs, now I can see little coins bellow each icon, but withdrawal button is disabled, i think  the reason is that the amount of coins are not enough to pay for fee.
Is it true? If yes how much is the minimum allowed for withdrawal?

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November 11, 2017, 01:16:51 PM
 #1955

Just had a look on the website and it indicates that 3 pods and building A is complete, why are no miners running yet?


I have batch 1 or 2 miner, and also batch 4 tokens. Tokens are not issued yet, but my miner is running since the 8th of November.

It seems Giga-Watt is automatically renting tokens for, and deducting the cost from my mined coins...

I had my doubts but GW is keepin their deal, miner is running, tokens are coming...


One question
I can not withdraw funds from my Giga-Watt wallet, is it because Giga Watt wants to be able to charge for costs? Is withdrawal only  possible when you
have a certain minimum amount on your wallet?

Thanks for the answer guys!

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November 11, 2017, 01:28:06 PM
 #1956

Yesterday was my first day renting a portion of WTTs, now I can see little coins bellow each icon, but withdrawal button is disabled, i think  the reason is that the amount of coins are not enough to pay for fee.
Is it true? If yes how much is the minimum allowed for withdrawal?


Hi

Having the exact same problem here. Miner is running, waiting for issued tokens, can not withdraw mined coins from my Giga-Watt wallet...

Also waiting for an answer, wrote GW support but as often, they let you wait Smiley Hopefully they will answer soon...

Greetz
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November 11, 2017, 02:05:19 PM
 #1957

Why is this token falling that much? I hope it will rise again in the near future.

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November 11, 2017, 04:20:33 PM
 #1958

Why is this token falling that much? I hope it will rise again in the near future.

Thsre are so much people that has lost so much money waiting for their tokens and minners , everybody that lost their money from opportynity cost will now get out from giga wat and go to some other mining companies like viabtc they are offering reseling of cloudmining contract. you don't need to wait till end of  the mining contract you can sell when you like. giga watt is not offering easy exit . You can't easy sell tokens and miners . i hope that in neear future when all pods will be finished there will be option to resell minners also and also easy sell tokens
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November 11, 2017, 04:27:41 PM
 #1959

Why is this token falling that much? I hope it will rise again in the near future.

Thsre are so much people that has lost so much money waiting for their tokens and minners , everybody that lost their money from opportynity cost will now get out from giga wat and go to some other mining companies like viabtc they are offering reseling of cloudmining contract. you don't need to wait till end of  the mining contract you can sell when you like. giga watt is not offering easy exit . You can't easy sell tokens and miners . i hope that in neear future when all pods will be finished there will be option to resell minners also and also easy sell tokens


we need to wait for the smart money to come in to gigawatt to see real rise in token price.  "smart money always want easy enrtance and easy exit" if giga watt offer easy enrtance and exit one token will be worth more then $10
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November 11, 2017, 04:56:03 PM
 #1960

Just had a look on the website and it indicates that 3 pods and building A is complete, why are no miners running yet?


I have batch 1 or 2 miner, and also batch 4 tokens. Tokens are not issued yet, but my miner is running since the 8th of November.

It seems Giga-Watt is automatically renting tokens for, and deducting the cost from my mined coins...

I had my doubts but GW is keepin their deal, miner is running, tokens are coming...


One question
I can not withdraw funds from my Giga-Watt wallet, is it because Giga Watt wants to be able to charge for costs? Is withdrawal only  possible when you
have a certain minimum amount on your wallet?

Thanks for the answer guys!



I see on the cryptonomos app that you can send you token to an etherwaller or exchange, but i dont't if that will work.

BTW. How are you able to rent it out? I already received my token from batch 3 and yet i don't know how i can rent it.

It would be better to take advantage of the giga watt mining program to gain some profit and we can still sell our token to an exchange if you think mining is not really profitable.

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