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Author Topic: ⚡⛏️[ANN] Giga Watt: Best Home for your Mining. Starts today!  (Read 159547 times)
tesla01
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June 19, 2017, 01:12:46 AM
 #621

Does someone know how much would be the total cost to mine a BTC or ETH or LTC

Fore.g. if I buy 1000 tokens, I invest $1000. With $0.033kwh operational cost, we need to know how much time miner takes to mine BTC or ETH or LTC .. Anyone ?
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Mrbates
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June 19, 2017, 01:31:44 AM
 #622

Does someone know how much would be the total cost to mine a BTC or ETH or LTC

Fore.g. if I buy 1000 tokens, I invest $1000. With $0.033kwh operational cost, we need to know how much time miner takes to mine BTC or ETH or LTC .. Anyone ?

Use a mining calculator lol.

Also you'd be buying the tokens and the miner.
I made a post on a prior page with a detailed cost/benefit breakdown for ltc mining

FNetV1
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June 19, 2017, 07:41:03 AM
 #623

Lets say I buy $7,500 worth of tokens at $1.05 each, that would be 7,125 watts of energy worth of miners I would be entitled to use.

So, I have the option to either use a Bitcoin, Litecoin or Ethereum miner for up to all those 7,125 watts of energy can produce, I only have to pay the following fees:

  * Electricity
  * What other fees?  please state what other fees I would have to pay shall I were to make this kind of investment for the stated value here.  

What would be my total monthly $$ obligations to push 7.1 Kilo watts worth of mining?

Are there any fees to be paid even if I were not to be mining in any given month or time frame?  Say I decide to take a 1 months vacation (hypothetically) and on that month I do not mine anything, are there any fees that I would have to pay regardless, like maintenance, etc?  And what happens if I fail to pay any of those obligatory monthly/terms fees?  

And also, just for clarification:
Buying 7,125 watts of rights for the next 50 years automatically grants me access to any of these miners to use included with the purchase price of the tokens (meaning the mining gears are included with the tokens for the coin of our choice BTC/LTC/ETH), or would I still have to buy the actual miners at its full price and all what the tokens grants me is the right to use for 50 years an "empty" mining facility where free electricity is not included and I still have to purchase the actual miners on top of having paid the $7,500 worth of tokens?

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crazyheinz
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June 19, 2017, 09:34:03 AM
 #624

I don't know if anyone has already posted this here, but what do you think about this: https://blog.bitmain.com/en/gigawatt-infringement-announcement/
I'm also really interested in the mining ICO, but it gets some red flags appearently..;

xcajun21
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June 19, 2017, 09:53:06 AM
 #625

I don't know if anyone has already posted this here, but what do you think about this: https://blog.bitmain.com/en/gigawatt-infringement-announcement/
I'm also really interested in the mining ICO, but it gets some red flags appearently..;

I think they talked about it before. It was a logo or a sentence on somewhere which got removed eventually. It makes no sense because bitman sells hardware to Giga Watt and actually when the stock is out is because of the later. Here I see that actually would have been better to buy a LTC miner because it's out of stock and the price got even more insane. Where is that list now... to get on waiting list.
Xenocyde
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June 19, 2017, 10:20:30 AM
 #626

I don't know if anyone has already posted this here, but what do you think about this: https://blog.bitmain.com/en/gigawatt-infringement-announcement/
I'm also really interested in the mining ICO, but it gets some red flags appearently..;

GW used BITMAIN's logo to show they are partners on their site and mentioned Jihan was part of the team. That was in January 2017. Jihan asked them to remove the logo and also he stated he has nothing to do with the team. They removed everything they were asked. Of course Bitmain doesn't want to have anything to do with a company that aims at decentralized mining, which is everything Jihan is fighting against as we see with his ASICboosts and UAHF Bitcoin plans.

For security, your account has been locked. Email acctcomp15@theymos.e4ward.com
dadingsda
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June 19, 2017, 02:05:41 PM
 #627

Do you need german translation? I see it´s already claimed but there´s no german ann so far

INVALID BBCODE: close of unopened tag in table (1)
Mrbates
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June 19, 2017, 02:15:57 PM
 #628

Lets say I buy $7,500 worth of tokens at $1.05 each, that would be 7,125 watts of energy worth of miners I would be entitled to use.

So, I have the option to either use a Bitcoin, Litecoin or Ethereum miner for up to all those 7,125 watts of energy can produce, I only have to pay the following fees:

  * Electricity
  * What other fees?  please state what other fees I would have to pay shall I were to make this kind of investment for the stated value here.  

What would be my total monthly $$ obligations to push 7.1 Kilo watts worth of mining?

Are there any fees to be paid even if I were not to be mining in any given month or time frame?  Say I decide to take a 1 months vacation (hypothetically) and on that month I do not mine anything, are there any fees that I would have to pay regardless, like maintenance, etc?  And what happens if I fail to pay any of those obligatory monthly/terms fees?  

And also, just for clarification:
Buying 7,125 watts of rights for the next 50 years automatically grants me access to any of these miners to use included with the purchase price of the tokens (meaning the mining gears are included with the tokens for the coin of our choice BTC/LTC/ETH), or would I still have to buy the actual miners at its full price and all what the tokens grants me is the right to use for 50 years an "empty" mining facility where free electricity is not included and I still have to purchase the actual miners on top of having paid the $7,500 worth of tokens?

You have to have the miners/purchase the miners.
If you failed to mine anything (unlikely) your costs would roll over to the next day.
Tokens give you .033$ per day wattage usage that would be your daily fee, no hosting expenses etc.

FarmerOak
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June 19, 2017, 05:28:31 PM
 #629

I hope the system is stable enough to set and forget (for renters), the returns are good but only if you don't have to actively manage your coins

cryptonomos
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June 19, 2017, 07:36:29 PM
 #630

I don't know if anyone has already posted this here, but what do you think about this: https://blog.bitmain.com/en/gigawatt-infringement-announcement/
I'm also really interested in the mining ICO, but it gets some red flags appearently..;

GW used BITMAIN's logo to show they are partners on their site and mentioned Jihan was part of the team. That was in January 2017. Jihan asked them to remove the logo and also he stated he has nothing to do with the team. They removed everything they were asked. Of course Bitmain doesn't want to have anything to do with a company that aims at decentralized mining, which is everything Jihan is fighting against as we see with his ASICboosts and UAHF Bitcoin plans.

Yep, Giga Watt CEO Dave Carlson already talked about it Smiley
http://www.nasdaq.com/article/giga-watt-ceo-we-desperately-need-balance-of-power-in-the-mining-space-cm764842

cryptonomos
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June 19, 2017, 07:52:31 PM
 #631

Lets say I buy $7,500 worth of tokens at $1.05 each, that would be 7,125 watts of energy worth of miners I would be entitled to use.

So, I have the option to either use a Bitcoin, Litecoin or Ethereum miner for up to all those 7,125 watts of energy can produce, I only have to pay the following fees:

  * Electricity
  * What other fees?  please state what other fees I would have to pay shall I were to make this kind of investment for the stated value here.  

What would be my total monthly $$ obligations to push 7.1 Kilo watts worth of mining?

Are there any fees to be paid even if I were not to be mining in any given month or time frame?  Say I decide to take a 1 months vacation (hypothetically) and on that month I do not mine anything, are there any fees that I would have to pay regardless, like maintenance, etc?  And what happens if I fail to pay any of those obligatory monthly/terms fees?  

And also, just for clarification:
Buying 7,125 watts of rights for the next 50 years automatically grants me access to any of these miners to use included with the purchase price of the tokens (meaning the mining gears are included with the tokens for the coin of our choice BTC/LTC/ETH), or would I still have to buy the actual miners at its full price and all what the tokens grants me is the right to use for 50 years an "empty" mining facility where free electricity is not included and I still have to purchase the actual miners on top of having paid the $7,500 worth of tokens?

If you rent out your WTT tokens, you will not pay any fees and only get rental income which comes from rental fees of the miners. You only pay fees if you decide to mine yourself.
Here is calculator: cryptonomos.com/wtt/calculator
It would lead to annual income of $2621.43
No matter how long you are not using your tokens for, still no fees applicable to you. If you do decide to mune, you need to purchase a miner separately.

cryptonomos
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June 19, 2017, 08:00:11 PM
 #632

No social mesia bounties? Or free coin give aways? Sad
We have referral program for this:https://bitcointalk.org/index.php?topic=1914900.msg19103130#msg19103130

Could you add the info about how much people we have referred and how much tokens we got in the dashboard?

Try checking "feed" section of the account. Also, when clicking on your profile, you can click "learn more" section by referral link, scroll down and see all your referrals.

Smolko
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June 19, 2017, 08:13:38 PM
 #633

Do you need german translation? I see it´s already claimed but there´s no german ann so far

There is already a german ANN thread.

https://bitcointalk.org/index.php?topic=1958610.msg19454438#msg19454438
aycaramba
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June 19, 2017, 10:04:46 PM
 #634

Alright, first post but promised, I did my homework by going through the thread. Wouldn't call myself a newbie but still plenty of (simple) questions open.

Question: Anybody experienced up for some kind of mentor program / long-term assistance? Payback would be using your referral code and I actually intend to invest quite a bit into cryptonomos, possibly incl. miners.

Just PM with some background info rg. your experience!
chip1982
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June 19, 2017, 10:43:00 PM
 #635

Lets say I buy $7,500 worth of tokens at $1.05 each, that would be 7,125 watts of energy worth of miners I would be entitled to use.

So, I have the option to either use a Bitcoin, Litecoin or Ethereum miner for up to all those 7,125 watts of energy can produce, I only have to pay the following fees:

  * Electricity
  * What other fees?  please state what other fees I would have to pay shall I were to make this kind of investment for the stated value here.  

What would be my total monthly $$ obligations to push 7.1 Kilo watts worth of mining?

Are there any fees to be paid even if I were not to be mining in any given month or time frame?  Say I decide to take a 1 months vacation (hypothetically) and on that month I do not mine anything, are there any fees that I would have to pay regardless, like maintenance, etc?  And what happens if I fail to pay any of those obligatory monthly/terms fees?  

And also, just for clarification:
Buying 7,125 watts of rights for the next 50 years automatically grants me access to any of these miners to use included with the purchase price of the tokens (meaning the mining gears are included with the tokens for the coin of our choice BTC/LTC/ETH), or would I still have to buy the actual miners at its full price and all what the tokens grants me is the right to use for 50 years an "empty" mining facility where free electricity is not included and I still have to purchase the actual miners on top of having paid the $7,500 worth of tokens?


If you rent out your WTT tokens, you will not pay any fees and only get rental income which comes from rental fees of the miners. You only pay fees if you decide to mine yourself.
Here is calculator: cryptonomos.com/wtt/calculator
It would lead to annual income of $2621.43
No matter how long you are not using your tokens for, still no fees applicable to you. If you do decide to mune, you need to purchase a miner separately.

With 7.500$ and a price of 1,05$ per token you can buy: 7.500$/1,05$ = 7.143 Watt tokens

In order to get the maximum cost benefit from the token (when mining) you currently can buy 4 S9 miners at 6.408$ (with 5.820 Watt) since 5 S9 already have a 7.275 Watt consumption and you only have access to provide mining equipment with the reduced rental fee for 7.143 Watt.

With the 4 S9 you qualify for the starter tariff. Since you do not pay rental fee anymore there is a electricity cost of 0,067 c/W/day + 0,012 c/W/day maintenance fee = 0,079 c/W/day hosting fee. This multiplied with your miners 5.820 Watt*0,079 c/W/day = 459,8 c/day. Which makes a 65,65% reduction since without token you would have to pay 0,23 c/W/day* 5.820 Watt = 1.338,6 c/day.
Mrbates
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June 19, 2017, 11:18:58 PM
 #636

Alright, first post but promised, I did my homework by going through the thread. Wouldn't call myself a newbie but still plenty of (simple) questions open.

Question: Anybody experienced up for some kind of mentor program / long-term assistance? Payback would be using your referral code and I actually intend to invest quite a bit into cryptonomos, possibly incl. miners.

Just PM with some background info rg. your experience!

I mean whats the questions lol, and feel free to dm me.

cryptohome
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June 20, 2017, 12:25:36 AM
 #637

Is there an option to rent and forget?
If we bought coins now, is there a guarantee that we can find renters?
Will this get traded on any exchange in future OR will it be locked to renting/mining?

QRIP calls yielded 3400% gains and an average portfolio gains of 930+% in 2 months!
Still FREE to join, no catch!
maryvale
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June 20, 2017, 12:31:13 AM
 #638

Is there an option to rent and forget?
If we bought coins now, is there a guarantee that we can find renters?
Will this get traded on any exchange in future OR will it be locked to renting/mining?

this is a free world, no one can guarantee you anything, you make your judgement and try to make money, no guarantee is there!
djazher
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June 20, 2017, 06:01:05 AM
 #639

Hey GW and cryptonomos team !

Quick questions to clear out before jumping in :

+ Do you issue a legal contract stating that you host miners property [link between legit ID and serial number] ?
+ Is there any insurance policy, in case of a non force majeure incident, such as... You know, that sort of stuff... ?
+ Say, somehow another gift from Wu comes up, like Antbleed, do you apply the patches yourselves ?

Thanks for the good work and your transparency policy. This kind of initiative helps cryptos further than offering mining facilities, it makes it trustable.

[getting pretty emtional, here... Cheesy]
Smolko
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June 20, 2017, 06:12:44 AM
 #640

Is there an option to rent and forget?
If we bought coins now, is there a guarantee that we can find renters?
Will this get traded on any exchange in future OR will it be locked to renting/mining?

A few months after the token launch, it will be traded on exchanges. They want to first set up everything after the token launch and then hit the exchanges.
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