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Author Topic: ⚡⛏️[ANN] Giga Watt: Best Home for your Mining. Starts today!  (Read 144232 times)
darkblitzrc
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June 03, 2017, 03:28:23 PM
 #361

This seems like a good project, however I have a question, is the mining calculator on your site legit or do we need to take into account other costs?
For example it says if I buy 20,000$ of mining equipment, I would be getting 123,000$ of yearly earnings? In two months I would be paying my initial investment? Is it this easy to make money or am I missing something? I am buying some tokens for investing but the mining returns seem to good to be true or is it normal with the ASIC chips?

Because if that's the case then I would get a loan or something to buy as many miners as possible....
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June 03, 2017, 04:01:42 PM
 #362

This seems like a good project, however I have a question, is the mining calculator on your site legit or do we need to take into account other costs?
For example it says if I buy 20,000$ of mining equipment, I would be getting 123,000$ of yearly earnings? In two months I would be paying my initial investment? Is it this easy to make money or am I missing something? I am buying some tokens for investing but the mining returns seem to good to be true or is it normal with the ASIC chips?

Because if that's the case then I would get a loan or something to buy as many miners as possible....

Calculator is taking into account current mining difficulty and current coin price. However, by the time you actually start to mine (late July or even September for some miners) the difficulty would rise but it's not certain if the coin's price would keep up.  If you are looking at Panda Miners, keep in mind ETH is switching to PoS by the end of 2017 so you'd have to switch coin soon and from what I can see none of the coins have comparable returns with ETH atm. There's still risk involved here, but the risk-reward factor seems high enough. I only got 1 L3+ miner atm and it starts mining in September... hate to wait, but I hope LTC goes over $50 by then.
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June 03, 2017, 06:19:53 PM
 #363

Where can I find the amount of tokens sold? Would like to keep an eye on the sales and chip in some more when it is close to reaching its cap...

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DonApp
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June 03, 2017, 06:24:03 PM
 #364

This seems like a good project, however I have a question, is the mining calculator on your site legit or do we need to take into account other costs?
For example it says if I buy 20,000$ of mining equipment, I would be getting 123,000$ of yearly earnings? In two months I would be paying my initial investment? Is it this easy to make money or am I missing something? I am buying some tokens for investing but the mining returns seem to good to be true or is it normal with the ASIC chips?

Because if that's the case then I would get a loan or something to buy as many miners as possible....

Calculator is taking into account current mining difficulty and current coin price. However, by the time you actually start to mine (late July or even September for some miners) the difficulty would rise but it's not certain if the coin's price would keep up.  If you are looking at Panda Miners, keep in mind ETH is switching to PoS by the end of 2017 so you'd have to switch coin soon and from what I can see none of the coins have comparable returns with ETH atm. There's still risk involved here, but the risk-reward factor seems high enough. I only got 1 L3+ miner atm and it starts mining in September... hate to wait, but I hope LTC goes over $50 by then.

True, I am still doubting on purchasing some panda miners. However, ETC is not switching to POS soon and is almost equal in profitability. My only concern is that all hashing power now used for mining ETH will switch to ETC and will reduce profitability in mining ETC significantly. Is there a fixed date on which ETH will switch to POS?

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PV Solar Plants Construction
   through CROWDFUNDING
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June 03, 2017, 06:59:54 PM
 #365

Where can I find the amount of tokens sold? Would like to keep an eye on the sales and chip in some more when it is close to reaching its cap...

https://cryptonomos.com/wtt/ shows the stats of the crowdsale. As of now, 4,945,530 tokens have been sold at a rate of $1 per token.


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June 03, 2017, 07:12:58 PM
 #366

You can withdraw via email on their website. There was an answer to withdrawal.

I did. But no response. That's why we claimed here.

Don't worry. You will get it back. I overpaid and got mine back.

I am still waiting for their response too.
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June 03, 2017, 07:30:53 PM
 #367

This seems like a good project, however I have a question, is the mining calculator on your site legit or do we need to take into account other costs?
For example it says if I buy 20,000$ of mining equipment, I would be getting 123,000$ of yearly earnings? In two months I would be paying my initial investment? Is it this easy to make money or am I missing something? I am buying some tokens for investing but the mining returns seem to good to be true or is it normal with the ASIC chips?

Because if that's the case then I would get a loan or something to buy as many miners as possible....

Calculator is taking into account current mining difficulty and current coin price. However, by the time you actually start to mine (late July or even September for some miners) the difficulty would rise but it's not certain if the coin's price would keep up.  If you are looking at Panda Miners, keep in mind ETH is switching to PoS by the end of 2017 so you'd have to switch coin soon and from what I can see none of the coins have comparable returns with ETH atm. There's still risk involved here, but the risk-reward factor seems high enough. I only got 1 L3+ miner atm and it starts mining in September... hate to wait, but I hope LTC goes over $50 by then.

True, I am still doubting on purchasing some panda miners. However, ETC is not switching to POS soon and is almost equal in profitability. My only concern is that all hashing power now used for mining ETH will switch to ETC and will reduce profitability in mining ETC significantly. Is there a fixed date on which ETH will switch to POS?
can also be zcash when pos comes

USBitcoinServices.Com
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June 03, 2017, 09:08:31 PM
 #368

No social media bounties?

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June 03, 2017, 10:29:53 PM
 #369

I bought 100 tokens just to see where these goes. I have a question, as far as I understand these tokens serve as a discount for the hosting and electricity right? Are they absolutely needed to mine with you? Like do I need to buy a miner AND tokens to mine with you or are the tokens just something extra right now for early buyers that will benefit them later?
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June 03, 2017, 10:44:44 PM
 #370

You can withdraw via email on their website. There was an answer to withdrawal.

I did. But no response. That's why we claimed here.

Don't worry. You will get it back. I overpaid and got mine back.

I am still waiting for their response too.

Nothing happened today too. And finally any official staffs did not appear here today. Still smells scam.
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June 03, 2017, 10:55:46 PM
 #371

these token is only used to get discounted for maintanence fee when we purchase their product, not for buying  hashing, am i right ?
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June 04, 2017, 12:27:59 AM
 #372

Hello...

Can anyone explain how this tokens work?

How do I pay or buy?

If I pay 500 euros, what benefits do I have in bitcoins?

How and when will I receive them?

How and where is the purse address wallet?

I need some hardware or software for this?

I do not understand anything...

I would appreciate an explanation for fools, because I do not understand anything ...

Thank you...

===================================================
===================================================

Hola...

¿Alguien puede explicar como funciona esto de los tokens?

¿Como se paga o se compran?

¿Si pago 500 euros , que beneficios tengo en bitcoins?

¿Como y cuando los recibiré?

¿Como y donde se pone la direccion de monedero?

¿Necesito algún tipo de hardware o software para esto?
No entiendo nada...

Se agradeceria una explicacion para tontos ,por que no entiendo nada...

Gracias...
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June 04, 2017, 01:12:50 AM
 #373

This is where I am a little held up. Granted I have already bought tokens. Cryptonoms has already provided one answer but I just don't know if it's enough for me.

If they had a magic tool that they could turn on and effectively mint money, they would. Which essentially they do. I just don't understand what the benefit is of selling us these magical money machines are unless 1) they think they will make more money off the sale of tokens/maintenance than they would mining themselves. Or 2) They are willing to forgo a speculative investment later for a immediate investment now. I guess there is 3) they are just really great people and want to share the wealth so to speak however that one tends to be hard to believe in mosts instances of capitalism.

I just cant help but wonder why they aren't just doing it themselves. I know the answer is "centralization" however they could SO easily get around that.

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June 04, 2017, 04:14:29 AM
 #374

Apologies if this has been answered, I haven't read the entire thread but I have read the FAQ

Besides renting tokens will token holders ever have the ability to sell the tokens?
Thanks!


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June 04, 2017, 04:21:36 AM
 #375

This is where I am a little held up. Granted I have already bought tokens. Cryptonoms has already provided one answer but I just don't know if it's enough for me.

If they had a magic tool that they could turn on and effectively mint money, they would. Which essentially they do. I just don't understand what the benefit is of selling us these magical money machines are unless 1) they think they will make more money off the sale of tokens/maintenance than they would mining themselves. Or 2) They are willing to forgo a speculative investment later for a immediate investment now. I guess there is 3) they are just really great people and want to share the wealth so to speak however that one tends to be hard to believe in mosts instances of capitalism.

I just cant help but wonder why they aren't just doing it themselves. I know the answer is "centralization" however they could SO easily get around that.

Mining equipment isn't cheap, and these tokens don't represent ownership of miners just the capacity to run the miners. It's a capital intensive business, so more capital they get the more they can grow. They have access to cheap electricity and talented team to keep miners running, that's their edge in this business and what they are selling. They are also mining for themselves as Gigawatt has been for many years. Seems they are now building out more space and makes more sense to share risks of mining (coin price, difficulty rise ect) while selling us what they do best, keep miners running as cost efficient as possible. I've read about Dave Carlson for many years and his mining operations so I wouldn't worry about being scammed. Mining industry is a cut throat industry but I believe these guys are the best in the business so I'm willing to invest. Before I decide on how much I want to know if I'll be able to sell tokens to access the capital in the future if needed or just rent them out.

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June 04, 2017, 04:36:08 AM
 #376


This is where I am a little held up. Granted I have already bought tokens. Cryptonoms has already provided one answer but I just don't know if it's enough for me.

If they had a magic tool that they could turn on and effectively mint money, they would. Which essentially they do. I just don't understand what the benefit is of selling us these magical money machines are unless 1) they think they will make more money off the sale of tokens/maintenance than they would mining themselves. Or 2) They are willing to forgo a speculative investment later for a immediate investment now. I guess there is 3) they are just really great people and want to share the wealth so to speak however that one tends to be hard to believe in mosts instances of capitalism.

I just cant help but wonder why they aren't just doing it themselves. I know the answer is "centralization" however they could SO easily get around that.

Mining equipment isn't cheap, and these tokens don't represent ownership of miners just the capacity to run the miners. It's a capital intensive business, so more capital they get the more they can grow. They have access to cheap electricity and talented team to keep miners running, that's their edge in this business and what they are selling. They are also mining for themselves as Gigawatt has been for many years. Seems they are now building out more space and makes more sense to share risks of mining (coin price, difficulty rise ect) while selling us what they do best, keep miners running as cost efficient as possible. I've read about Dave Carlson for many years and his mining operations so I wouldn't worry about being scammed. Mining industry is a cut throat industry but I believe these guys are the best in the business so I'm willing to invest. Before I decide on how much I want to know if I'll be able to sell tokens to access the capital in the future if needed or just rent them out.

I got this off their White Paper.

Quote
Projected   Token   Launch   Timeline
- May   19   – June   2,   2017:   pre-sale   
- June   2   – July   31,   2017:   Token   Launch   book   building
- August   7,   2017:   First   batch   of   tokens    (5,400,000   WTT)   issued   to   participants;   if   the   cap   is   
reached   earlier,   the   first   batch   of   WTT   tokens may   be   issued   ahead   of   the   schedule   to   provide   
access   to   the   facilities   built   by   the   time   of   the   issue (at   Cryptonomos'   discretion).
New   batches   of   tokens   will   be   issued   in   step   with   the   construction   of   new   facilities.22 To   ensure   
the    advantage    for   the    Token    Launch participants,    no    listing    will    be    placed    on    third    party   
exchanges   until   all   WTT   tokens   sold   through   the   Token   Launch are   distributed
.



So it is my belief you'll be to able exchange Tokens after the launch is complete. Some people would like access to their capital investment and some people would like to expand their WTT as well.

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TronQuix
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June 04, 2017, 06:17:21 AM
 #377

This is where I am a little held up. Granted I have already bought tokens. Cryptonoms has already provided one answer but I just don't know if it's enough for me.

If they had a magic tool that they could turn on and effectively mint money, they would. Which essentially they do. I just don't understand what the benefit is of selling us these magical money machines are unless 1) they think they will make more money off the sale of tokens/maintenance than they would mining themselves. Or 2) They are willing to forgo a speculative investment later for a immediate investment now. I guess there is 3) they are just really great people and want to share the wealth so to speak however that one tends to be hard to believe in mosts instances of capitalism.

I just cant help but wonder why they aren't just doing it themselves. I know the answer is "centralization" however they could SO easily get around that.

Mining equipment isn't cheap, and these tokens don't represent ownership of miners just the capacity to run the miners. It's a capital intensive business, so more capital they get the more they can grow. They have access to cheap electricity and talented team to keep miners running, that's their edge in this business and what they are selling. They are also mining for themselves as Gigawatt has been for many years. Seems they are now building out more space and makes more sense to share risks of mining (coin price, difficulty rise ect) while selling us what they do best, keep miners running as cost efficient as possible. I've read about Dave Carlson for many years and his mining operations so I wouldn't worry about being scammed. Mining industry is a cut throat industry but I believe these guys are the best in the business so I'm willing to invest. Before I decide on how much I want to know if I'll be able to sell tokens to access the capital in the future if needed or just rent them out.

Thanks for the input on this. As stated I have already invested and am a believer in the project. I just couldnt shake it in the back of my head!

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June 04, 2017, 06:58:09 AM
 #378

Nothing happened today too. And finally any official staffs did not appear here today. Still smells scam.

Says the guy who has -2 Trust on this forum  Roll Eyes
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June 04, 2017, 07:28:45 AM
 #379

Nothing happened today too. And finally any official staffs did not appear here today. Still smells scam.

Says the guy who has -2 Trust on this forum  Roll Eyes

So what? I reported scamming regarding Genesis-Mining before, with which you can never reach ROI. Their staffs, the scammers of cloud-mining, gave me the thumbs down. Again so what? These two issues are completely unrelated. For me, it's too strange that a lot of newbies gave positive comments here. And of course, this Giga Watt staffs also did not refund us deposited BTC/ETH at all.
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June 04, 2017, 07:35:08 AM
 #380

Really interesting, must add a referral link to my Minera project

https://cryptonomos.com/?r=T0UpKufPvJ5Ob1sT6MA8irsS

Get Minera. Your next bitcoin mining dashboard. Donations BTC: 1AvF29tTd6w8kvLuTp5QqLFbN6LTQDoGFQ - Try GigaWatt mining Tokens
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