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Author Topic: ⚡⛏️[ANN] Giga Watt: Best Home for your Mining. Starts today!  (Read 159948 times)
cuteman
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February 26, 2018, 08:47:13 AM
 #2501

Cuteman:

Do you think the time will come in the distant future, where we will be able to order a miner, and it will be set up and running within a month of ordering the miner? What is your best guess about when this short time span of ordering and deployment of equipment will take place in the future based on the knowledge you have about what they are doing and planning at Giga-Watt?

Thank you sir,

G.P.
nk situation will improve after they build all scheduled facilities, and deploy all delayed miners sitting at warehouse, which may be in May.

But there is another point:   miners that you order from GW, are usually scheduled for delivery in a couple of months, based on the leadtime from thier suppliers (Bitmain etc.).  So I would rely on 2-3 months minimum for the moment.
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jambo110
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February 26, 2018, 09:52:33 AM
 #2502

A re-investment button would be a great upgrade for us users who would like to keep compounding their earnings..
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February 26, 2018, 10:05:22 AM
 #2503

A re-investment button would be a great upgrade for us users who would like to keep compounding their earnings..
They are not typical cloud mining providers , where you can reinvest into mining capacity  Smiley   The only possibility to "re-invest" is to buy wtt tokens and transfer them into your account.
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February 26, 2018, 02:00:50 PM
 #2504

A re-investment button would be a great upgrade for us users who would like to keep compounding their earnings..
They are not typical cloud mining providers , where you can reinvest into mining capacity  Smiley   The only possibility to "re-invest" is to buy wtt tokens and transfer them into your account.
Exactly reinvest into WTT.
cuteman
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February 26, 2018, 03:26:44 PM
 #2505

Exactly reinvest into WTT.
Giga Watt does not own WTT tokens, thus they can't sell them to you.  They might have some tokens allocated for their team during ICO, but not for selling I think.
So the only possibility is to buy tokens on exchanges, or from people owning them.
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February 26, 2018, 09:40:26 PM
 #2506

Exactly reinvest into WTT.
Giga Watt does not own WTT tokens, thus they can't sell them to you.  They might have some tokens allocated for their team during ICO, but not for selling I think.
So the only possibility is to buy tokens on exchanges, or from people owning them.

It looks like you have all the answers cuteman, maybe you can explain why Giga-watt refuses to deploy our hardware for almost 6 months ?
WTT tokens bought in June 2017. Will they wait until June 2018 and destroy roi completely ?

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February 27, 2018, 01:07:03 PM
 #2507

It looks like you have all the answers cuteman, maybe you can explain why Giga-watt refuses to deploy our hardware for almost 6 months ?
WTT tokens bought in June 2017. Will they wait until June 2018 and destroy roi completely ?

I'd be curious as to that too. I keep seeing all these pictures with rack upon rack of miners deployed, but my rigs from July still aren't deployed yet either. So frustrating.

-CryptoPete- ||  Musiconomi A New Music Economy That Works For Everyone || DISCUSSION
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February 27, 2018, 04:13:47 PM
 #2508

Exactly reinvest into WTT.
Giga Watt does not own WTT tokens, thus they can't sell them to you.  They might have some tokens allocated for their team during ICO, but not for selling I think.
So the only possibility is to buy tokens on exchanges, or from people owning them.

It looks like you have all the answers cuteman, maybe you can explain why Giga-watt refuses to deploy our hardware for almost 6 months ?
WTT tokens bought in June 2017. Will they wait until June 2018 and destroy roi completely ?
i dont know if this pushed me up the list but i got up my old purchase/receipt email from gigawatt miner shop and replied to "that email"  asking about when my miners were due. i was answered within 24hrs they said this month, i had miners running within 3 days after a 6 month wait.  Good luck, im sure you wont be waiting much longer.
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February 27, 2018, 04:37:13 PM
 #2509

Exactly reinvest into WTT.
Giga Watt does not own WTT tokens, thus they can't sell them to you.  They might have some tokens allocated for their team during ICO, but not for selling I think.
So the only possibility is to buy tokens on exchanges, or from people owning them.

It looks like you have all the answers cuteman, maybe you can explain why Giga-watt refuses to deploy our hardware for almost 6 months ?
WTT tokens bought in June 2017. Will they wait until June 2018 and destroy roi completely ?
i dont know if this pushed me up the list but i got up my old purchase/receipt email from gigawatt miner shop and replied to "that email"  asking about when my miners were due. i was answered within 24hrs they said this month, i had miners running within 3 days after a 6 month wait.  Good luck, im sure you wont be waiting much longer.
Thanks for your reply but I don't understand why you're sure we don't have to wait much longer ?
You're telling us that Gigawatt will send us an email, 6 months after we ordered or sent hardware... really ?

6 months is a long time in crypto. Enough to annoy me Angry

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February 27, 2018, 04:59:36 PM
 #2510

Is the price of the coin $ 1-2? It's a high price! What are your chances of offering some reward program?
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February 28, 2018, 08:55:34 AM
 #2511

Exactly reinvest into WTT.
Giga Watt does not own WTT tokens, thus they can't sell them to you.  They might have some tokens allocated for their team during ICO, but not for selling I think.
So the only possibility is to buy tokens on exchanges, or from people owning them.

It looks like you have all the answers cuteman, maybe you can explain why Giga-watt refuses to deploy our hardware for almost 6 months ?
WTT tokens bought in June 2017. Will they wait until June 2018 and destroy roi completely ?
i dont know if this pushed me up the list but i got up my old purchase/receipt email from gigawatt miner shop and replied to "that email"  asking about when my miners were due. i was answered within 24hrs they said this month, i had miners running within 3 days after a 6 month wait.  Good luck, im sure you wont be waiting much longer.
Thanks for your reply but I don't understand why you're sure we don't have to wait much longer ?
You're telling us that Gigawatt will send us an email, 6 months after we ordered or sent hardware... really ?

6 months is a long time in crypto. Enough to annoy me Angry
That is how long i waited 6 months, and yes it was a tough wait, the email was my purchase receipt from the shop department, i replied to that (6 month old) email to that department, i dont use telegram or discord (someone will usually takes it up to keep us informed in here), i also did not contact support during my wait.  In a nutshell : if you have a receipt email from the shop department reply to them.   Good luck.
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February 28, 2018, 11:38:38 AM
 #2512

On Telegram i do see GW coupons offers. Does anybody know when GW give coupons away? I think i missed out or something  Huh
only if you bought D3 through GW.    $125 coupon is from Bitmain , and they passed it to GW, and GW - to it's customers.

Okay, those coupons from Bitmain. So if poeple purchage miner throught GW, they will recieve a GW (instead in there Bitmain account) coupon.

I have Bitmain coupons so not for GW  Undecided

Going to email if GW is intrested or if anybody want them, then PM me. I have 4x $200 coupons with expire date 1 june 2018. My price is $60 each or $200 for all (that is $800 Bitmain value).
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February 28, 2018, 08:52:54 PM
 #2513

New batch of tokens have just been released!! I got my 10% bonus too.   Smiley
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February 28, 2018, 09:53:21 PM
 #2514

Side note question- which batch did you buy in?

B4 June 2017

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March 01, 2018, 06:15:20 AM
 #2515

I took this from the white paper:


Each   Giga Watt   Project Token (WTT) represents the right to   use the Giga Watt processing center's capacity, rent-free for 50 years, to accommodate 1 Watt's   worth of mining equipment power consumption. So to provision and use your mining equipment rent-free, you will need to purchase the number of tokens equal to your equipment's power consumption: Token owners can use this capacity   to accommodate their   own miners or to rent   it out to other users. Essentially, this   is access to professional mining – with an extraordinarily low   13 134834324.1 entrance threshold. In fact, it could be compared to membership in an elite private   mining club. Giga Watt's hosting fee typically consists of effective electricity cost, maintenance fee and rental fee. Token owners pay zero rent, which drastically reduces their ongoing   costs: their hosting fee is comprised only of effective electricity cost and maintenance fee.


-----------------

I have questions about this token explanation (above) in order to value the token properly.

1. How much more am I making per month with one miner plus having all the needed tokens compared to someone else who has the same miner at Giga-Watt but does not have any tokens?  If the difference in profit is significant over time, then the tokens have good value. If we can get a number cruncher on here to help out with the answer it would be appreciated. At what point in time do the tokens pay for themselves?  I hope not after fifty years.....

2. I thought the hosting fee would be eliminated if you have the token, but apparently I was wrong. Please comment on this also.

Thanks,  G.P.


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March 01, 2018, 09:16:26 AM
 #2516


-----------------

I have questions about this token explanation (above) in order to value the token properly.

1. How much more am I making per month with one miner plus having all the needed tokens compared to someone else who has the same miner at Giga-Watt but does not have any tokens?  If the difference in profit is significant over time, then the tokens have good value. If we can get a number cruncher on here to help out with the answer it would be appreciated. At what point in time do the tokens pay for themselves?  I hope not after fifty years.....

2. I thought the hosting fee would be eliminated if you have the token, but apparently I was wrong. Please comment on this also.

Thanks,  G.P.



I have the same questions. Before the ICO was over, a calculator on the GigaWatt website answered your first question very efficiently. I think all us would appreciate having access to that calculator again, or maybe someone can replicate it. An additional question related to this, I think, is what the calculator indicated in May/June/July of 2017 when the price of BTC was about a fifth of what it is now; I'm pretty sure the cost of electricity has not increased proportionately. It would be a good idea to just verify that the returns we're getting are in line with what the calculator showed, and that the 15% fee is what's being deducted from the right amount. The more our miners and tokens earn, they more the company earns. So it's hardwired for win/win. And I trust they calculated a high-enough fee to make business sense. If all goes well, and I'm very confident it will, the price of tokens will increase and GigaWatt and token owners will all do well. I hope we can crunch some numbers through a GigaWatt calculator again.

Second question... It was my understanding as well that if you had more tokens than the equivalent power consumption of the miners you host at GigaWatt, then the cost of hosting would be completely covered. I do have more tokens than miner-power-use, but I am being charged small fees for hosting. Would appreciate an answer about this if anybody out there knows.

A third concern for me is about the possibility of the miners we purchased months ago going obsolete before they're deployed, and whether or not they'll be able to keep up with the speeds of more recent machines once they finally are deployed.

Sorry I can't answer your questions. But maybe some people who can answer, will. 


Rave New World.

And of course I accept tips!
CryptoPedro
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March 01, 2018, 01:12:00 PM
 #2517

I did some calculations back in November for purchasing miners with and without WTT to find the break even points where i had earned back the money spent for the miner + WTT. This assumes WTT was at 1.70, and all crypto prices were calculated on 11-24-2017. But the math is still valid to show you a general idea of the benefits of buying WTT. Also, you are still being charged the discounted rate of $0.033 per kw/h while using WTT (instead of the standard ~$0.09 per kw/h) and this is factored into the monthly profit.

Miner  |  Rig Price  |  WTT (Price)  |  Hash Rate   |  Monthly Profit (No WTT) |   Monthly Profit (WTT) |  Break-Even
Antminer S9 (ASIC - BTC)   $2,100    1456 ($2,475)   13.5 TH/s   $517    $577    4 months / 8 months
Antminer L3+ (ASIC - LTC)   $2,700    880 ($1,496)   500 MH/s   $422    $458    6.4 months / 9.1 months
Alpha Miner 200 (GPU - ETH)   $3,300    1540 ($2,618)   250 MH/s   $387    $450    8.5 months / 13.1 months
Antminer D3 (ASIC - DASH)   $2,200    1210 ($2,057)   15 GH/s   $96    $145    23 months / 29 months


TLDR: Buy WTT for long term mining, you will get better returns in the long run, but short term the monthly profit difference is small.

-CryptoPete- ||  Musiconomi A New Music Economy That Works For Everyone || DISCUSSION
jambo110
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March 01, 2018, 03:27:23 PM
 #2518

Current 24hr returns per Antminer L3+

Mined       Hosting      Total
0.0567  -  0.0039  =  0.0528  (approx $8    @ $146.51 per LTC)


 Wink

Current 24hr return on my Antminer L3+

Mined       Hosting      Total
0.056  -  0.0048  =  0.0512

Mined      Hosting      Total
0.056   -   0.0005  =   0.0555     (I have excess tokens which are rented out, so my hosting fee is less)
Current 24hr returns per Antminer L3+

Mined       Hosting      Total
0.0543  -  0.0031  =  0.0512  (/ $10.86    @ $212.11 per LTC) 

Mined       Hosting      Total
0.0518  -  0.003  =  0.0488

Current 24hr returns per Antminer L3+

Mined       Hosting      Total
0.0526  -  0.0031  =  0.0495  (approx $10.16  @ $205.27 per LTC).
Current 24hr returns per Antminer L3+

Mined       Hosting      Total
0.0513  -  0.003  =  0.0484  (approx $10.25  @ $211.73 per LTC).


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March 01, 2018, 06:31:07 PM
 #2519

I see the volume has doubled on forkdelta...  That's from people who got their tokens from batch 4...  why would someone dump less than what they paid after waiting 6 months for the project to be competed ...  This is a working product , pretty much non existent in crypto...
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March 01, 2018, 10:58:42 PM
 #2520

Poster said above: "Also, you are still being charged the discounted rate of $0.033 per kw/h while using WTT (instead of the standard ~$0.09 per kw/h) and this is factored into the monthly profit."   My reply: That is good to hear and is positive for the value of the tokens.


Thank you,   G.P.

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