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Author Topic: ⚡⛏️[ANN] Giga Watt: Best Home for your Mining. Starts today!  (Read 144237 times)
xcajun21
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June 04, 2017, 09:25:40 AM
 #381

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!

Literally they grow the trees but not the fruit themselves.
It's a good business for big investors which would do 100 miners and look for a farm house.
For average Joe, he can rent these tokens later, if he does not use any equipment.

https://cryptonomos.com/?r=VwcRlEThFqc3wL9Np0XsYQBl

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June 04, 2017, 09:56:50 AM
 #382

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.

Have you considered it's the weekend and these peeps could be working 5 days a week? I keep in touch with them on Facebook, they are kind enough and answer most of my questions when they have time. Right now they are probably concentrating on the token sale so their answers could be somewhat delayed.
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June 04, 2017, 10:02:05 AM
 #383

A must read for everyone into the blockchain space, especially startups and potential investors into ICOs: http://startupmanagement.org/2015/02/07/the-bitcoin-startup-ecosystem-is-frail-beware-of-the-next-crash/

Anryze ▬▬▬▬▬▬ Tokensale 12 SEPTEMBER ▬▬▬▬▬▬ Anryze
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June 04, 2017, 10:53:35 AM
 #384

A must read for everyone into the blockchain space, especially startups and potential investors into ICOs: http://startupmanagement.org/2015/02/07/the-bitcoin-startup-ecosystem-is-frail-beware-of-the-next-crash/

That's from ~2.5 years ago. All the tips on how to prevent risks are welcome. However, the writer seems a bit too pessimistic on the imminence of the ICOs collapse.
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June 04, 2017, 11:09:51 AM
 #385

I like mining coin that can provide a profit to us.i ill in.

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STACK









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June 04, 2017, 11:12:30 AM
 #386

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.

Thanks, somehow the website was staying in my cache, it was displaying 'ico starts in -2 days etc'. Once I refreshed the webpage it worked!

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June 04, 2017, 12:37:17 PM
 #387

A must read for everyone into the blockchain space, especially startups and potential investors into ICOs: http://startupmanagement.org/2015/02/07/the-bitcoin-startup-ecosystem-is-frail-beware-of-the-next-crash/

That's from ~2.5 years ago. All the tips on how to prevent risks are welcome. However, the writer seems a bit too pessimistic on the imminence of the ICOs collapse.

You're right, I somehow got to that article from here: http://www.coindesk.com/blockchain-needs-failures-succeed/ which was originally posted here: http://startupmanagement.org/2017/06/02/the-blockchain-needs-more-failures-to-grow-and-mature/

So, I looked up Carlota Perez perennial model, which got me here: http://avc.com/2015/02/the-carlota-perez-framework/ and finally followed a link to the article I mentioned.

The arguments are quite sound though...

Anryze ▬▬▬▬▬▬ Tokensale 12 SEPTEMBER ▬▬▬▬▬▬ Anryze
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June 04, 2017, 12:37:40 PM
 #388

A must read for everyone into the blockchain space, especially startups and potential investors into ICOs: http://startupmanagement.org/2015/02/07/the-bitcoin-startup-ecosystem-is-frail-beware-of-the-next-crash/

That's from ~2.5 years ago. All the tips on how to prevent risks are welcome. However, the writer seems a bit too pessimistic on the imminence of the ICOs collapse.

 And Giga Watt isn't technically a startup anyway.

 MegaBigPower been around some years....

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June 04, 2017, 12:40:42 PM
 #389


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?

 I doubt that a lot of it will switch to ETC - ETC is fairly small.

 A LOT will switch to ZEC.

 Some will switch to XMR.

 Smaller amounts will switch to smaller coins like ETC and ZEN and such.

 Some will see the drop in profitability, say "no more" because they are in high-price electric areas and just sell out or turn their mining rigs into gaming rigs or some such.

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June 04, 2017, 03:15:58 PM
 #390

As for me, the project is not original. Already there were similar. And the maximum capitalization is very large.

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June 04, 2017, 03:23:19 PM
 #391

Great project!
I,m just bought some WTT for my coming mining life .
Question: Should i ships my miners to giga watt and mining now so i can apply WTT token immediately once its issues ?
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June 04, 2017, 03:44:13 PM
 #392

As for me, the project is not original. Already there were similar. And the maximum capitalization is very large.

Care to elaborate on what other projects have done this before? Also, why isn't it good if the capitalization is large?
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June 04, 2017, 06:52:36 PM
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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?

 I doubt that a lot of it will switch to ETC - ETC is fairly small.

 A LOT will switch to ZEC.

 Some will switch to XMR.

 Smaller amounts will switch to smaller coins like ETC and ZEN and such.

 Some will see the drop in profitability, say "no more" because they are in high-price electric areas and just sell out or turn their mining rigs into gaming rigs or some such.

The thing about GPU miners is that they can easily be adapted to a new coin that is GPU mineable. Bitcoin went CPU ➜ GPU ➜ FPGA ➜ ASIC. The same for Litecoin. I mined some LTC back in late 2011/early 2012 using older computers and heating a room in my house for a couple of months. That LTC has funded my current cryptocurrency adventures. My only wish is that I had held it until now, but hey, that's life. I have a low-end GPU miner (see my sig) that I use to play with GPU coins. I currently switch back and forth between ETH and ZEC, but can mine any coin that has miner software written to take advantage of my GPU.

GPU mineable coins require a relatively small amount of money and some software smarts to be able to optimize the hashing algorithms to run efficiently on a variety of GPU architectures (there are several different architectures for each of the two big player's GPUs). The end-users will have, or will build, their own mining rigs which can double as gaming machines. The costs to design, build, and sell an FPGA miner at scale (more than just code running on a widely available dev board) are significantly more than GPU rigs, and ASIC miners are significantly more expensive than FPGA rigs.

I like the idea of the PandaMiner machines (custom motherboard with off the shelf GPUs). It was just a matter of time before someone made the effort to do that. Think about it. There are a bunch of people who are building and selling (at a premium) five, six, or seven GPU mining rigs based on consumer motherboards. It was just a matter of time before a company took advantage of their resources to build a dedicated GPU miner.

Cheers,

- zed

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June 04, 2017, 07:33:01 PM
 #394

A new update on the Toke Sale page:

https://cryptonomos.com/wtt/


HashHive Limited – Innovative Technologies Of Cloud Mining • Telegram •  FacebookTwitter
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June 04, 2017, 08:09:06 PM
 #395

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

https://cryptonomos.com/?r=T0UpKufPvJ5Ob1sT6MA8irsS
I remember using Minera, best mining dashboard ever! Wish it could be adapted to use on GPU rigs, miss using Minera with my old Gridseeds even if they never turned a profit. I'll use your link just as another donation for some really solid software!

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June 04, 2017, 08:16:13 PM
 #396

Find it odd they did ICO on ETH when ETH is going POS when they could have chosen ETC. Does anyone know a reason why they couldn't have used ETC?

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June 04, 2017, 09:26:38 PM
 #397

Find it odd they did ICO on ETH when ETH is going POS when they could have chosen ETC. Does anyone know a reason why they couldn't have used ETC?

 Because ETC has a much smaller market cap and is somewhat harder to trade?

 Also, ETH isn't going POS real soon - they're planning a "phased-in" multi-stage transition starting around end of the year.


 I don't remember any Scrypt (Litecoin) FPGA miners, seems to have skipped straight from GPU to ASIC.

 X11 (Dash etc) definitely skipped FPGA.

 I do agree that GPU rigs are a lot more flexable - it's the tradeoff for them being less efficient than an ASIC.


 Panda wasn't the first "custom GPU" type rig, more like 3'd I think - they do seem to have become the most popular though due to good marketing and *relatively* reasonable pricing compared to the earlier entries.
 It's too bad they insist on using the "mobile" type boards rather than standard boards, but they can cram those mobile boards in tighter.


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June 04, 2017, 11:16:11 PM
 #398

I don't remember any Scrypt (Litecoin) FPGA miners, seems to have skipped straight from GPU to ASIC.

 X11 (Dash etc) definitely skipped FPGA.

 I do agree that GPU rigs are a lot more flexable - it's the tradeoff for them being less efficient than an ASIC.

Hmmm, could have sworn that there were FPGA LTC miners. No biggie. ASICs are where it's at today for sure.

Panda wasn't the first "custom GPU" type rig, more like 3'd I think - they do seem to have become the most popular though due to good marketing and *relatively* reasonable pricing compared to the earlier entries.
 It's too bad they insist on using the "mobile" type boards rather than standard boards, but they can cram those mobile boards in tighter.

Hmmm, I must have missed the other ones. The mobile vs. standard GPU is yet another trade-off. But, as you said, it allows them to cram more of them into a given space.

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June 04, 2017, 11:25:32 PM
 #399

Find it odd they did ICO on ETH when ETH is going POS when they could have chosen ETC. Does anyone know a reason why they couldn't have used ETC?

 Because ETC has a much smaller market cap and is somewhat harder to trade?

 Also, ETH isn't going POS real soon - they're planning a "phased-in" multi-stage transition starting around end of the year.


 I don't remember any Scrypt (Litecoin) FPGA miners, seems to have skipped straight from GPU to ASIC.

 X11 (Dash etc) definitely skipped FPGA.

 I do agree that GPU rigs are a lot more flexable - it's the tradeoff for them being less efficient than an ASIC.


 Panda wasn't the first "custom GPU" type rig, more like 3'd I think - they do seem to have become the most popular though due to good marketing and *relatively* reasonable pricing compared to the earlier entries.
 It's too bad they insist on using the "mobile" type boards rather than standard boards, but they can cram those mobile boards in tighter.



LTC definitely had FPGA they were sold by a guy who ended up creating Litecoin Gear which turned out to be a cloud mining ponzi. The x11 FPGA were kept secret, but the hashrate showed they must have existed since it was unprofitable for long periods of time to mine DASH but it had massive amounts of hash power. This was when it was called Dark Coin. The Litecoin Gear ponzi sold x11 FPGA "shares" so no idea if he actually did build them or not. So no hard evidence of FPGA in x11 but there were community member that purchased and used FPGA for Litecoin, it was on their old forums. The guy selling them went by "beekeeper" and was also on bitcointalk. I'm sure there were other FPGA but thats the one I'm aware of. His legitimate FPGA he sold is what allowed him to create the cloud mining ponzi and get a lot of people to invest.

ETH will get a wider audience so will attract more investment into the ICO but ETC is just as easy to invest with. Just surprised a company whose business is based on PoW would chose a coin planning to go PoS

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June 04, 2017, 11:35:25 PM
 #400

Find it odd they did ICO on ETH when ETH is going POS when they could have chosen ETC. Does anyone know a reason why they couldn't have used ETC?

 Because ETC has a much smaller market cap and is somewhat harder to trade?

 Also, ETH isn't going POS real soon - they're planning a "phased-in" multi-stage transition starting around end of the year.


 I don't remember any Scrypt (Litecoin) FPGA miners, seems to have skipped straight from GPU to ASIC.

 X11 (Dash etc) definitely skipped FPGA.

 I do agree that GPU rigs are a lot more flexable - it's the tradeoff for them being less efficient than an ASIC.


 Panda wasn't the first "custom GPU" type rig, more like 3'd I think - they do seem to have become the most popular though due to good marketing and *relatively* reasonable pricing compared to the earlier entries.
 It's too bad they insist on using the "mobile" type boards rather than standard boards, but they can cram those mobile boards in tighter.



LTC definitely had FPGA they were sold by a guy who ended up creating Litecoin Gear which turned out to be a cloud mining ponzi. The x11 FPGA were kept secret, but the hashrate showed they must have existed since it was unprofitable for long periods of time to mine DASH but it had massive amounts of hash power. This was when it was called Dark Coin. The Litecoin Gear ponzi sold x11 FPGA "shares" so no idea if he actually did build them or not. So no hard evidence of FPGA in x11 but there were community member that purchased and used FPGA for Litecoin, it was on their old forums. The guy selling them went by "beekeeper" and was also on bitcointalk. I'm sure there were other FPGA but thats the one I'm aware of. His legitimate FPGA he sold is what allowed him to create the cloud mining ponzi and get a lot of people to invest.

ETH will get a wider audience so will attract more investment into the ICO but ETC is just as easy to invest with. Just surprised a company whose business is based on PoW would chose a coin planning to go PoS

Newbie here, just reading between the lines: Why would the price of ETH go DOWN after PoS?  I cannot find any reasonable explanation- on the contrary, you "stake" you ETH and make bank doing nothing at all...unles I'm missing something- am I?
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