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Author Topic: ⚡⛏️[ANN] Giga Watt: Best Home for your Mining. Starts today!  (Read 144585 times)
cuteman
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November 04, 2017, 03:30:27 PM
 #1941

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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Borisminer
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November 04, 2017, 04:26:06 PM
 #1942

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
 #1943

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.

Dopert
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November 04, 2017, 04:55:03 PM
 #1944

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
 #1945

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
 #1946

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
 #1947

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
 #1948

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.
popistoc
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November 05, 2017, 12:07:29 AM
 #1949

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"

Thank you.
popistoc
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November 05, 2017, 12:14:12 AM
 #1950

Thank god giga-watt is in the states.  You have legal recourse.

Have you ever been part of an investors lawsuit?  Cause I have, many a times, and you get sub-pennies on the dollar...

Crypto-sue?  Good luck! Smiley
Dopert
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November 05, 2017, 01:23:05 AM
 #1951

@chip1982; the bell does not ring (jet), but thanks for trying.  Smiley
chip1982
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November 05, 2017, 09:32:41 AM
 #1952

@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
 #1953


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
 #1954


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
 #1955

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
 #1956


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 ?

chip1982
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November 06, 2017, 11:37:03 AM
 #1957


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 ?



Yes, mine also 100% free. It happens from time to time. Usually they credit the rent then later.
mextrusion
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November 06, 2017, 11:46:36 PM
 #1958

It seems GW has made some significant  progress this week.  Grin Grin

Anyone know what batches are in each pod?
erikpa
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November 07, 2017, 01:03:15 PM
 #1959

I'm wondering if it is worth buying on EtherDelta to start renting?
allahabadi
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November 07, 2017, 03:10:19 PM
 #1960

Why are you guys delaying this WTT for so long... It is bad for investor sentiment...

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