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Author Topic: ⚡⛏️[ANN] Giga Watt: Best Home for your Mining. Starts today!  (Read 155318 times)
unbalancedeq
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June 18, 2017, 03:12:53 PM
 #621

Oh i see. What about trading? Can the token be traded?
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June 18, 2017, 03:55:58 PM
 #622

I did not fully understand what is this token offering.

If I buy 2000$ I have 2000 tokens, what does it enable me to do with it concretly except trading  ?

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June 18, 2017, 04:02:42 PM
 #623

I did not fully understand what is this token offering.

If I buy 2000$ I have 2000 tokens, what does it enable me to do with it concretly except trading  ?

Rent your tokens to other who bought or have hardware. This is one point I am taking into account. If btc might hit 10.000 next year... I can rent the tokens or give it away. On the other hand, the prospect of LTC and BTC mining is an ace.

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chip1982
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June 18, 2017, 05:19:30 PM
 #624

Oh i see. What about trading? Can the token be traded?

The white paper indicates a trading possibility:
.....no listing will be    placed on third party exchanges until all WTT tokens sold   through the Token Launch are distributed.
Lucas Johannesburg
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June 18, 2017, 06:37:54 PM
 #625

I emailed them to inquire if the tokens will be trade-able on the open exchanges. They emailed me back saying that they aim to have the tokens on the exchanges approximately three months after all tokes are sold and distributed...

Food for thought.,..
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June 18, 2017, 07:08:19 PM
 #626

I emailed them to inquire if the tokens will be trade-able on the open exchanges. They emailed me back saying that they aim to have the tokens on the exchanges approximately three months after all tokes are sold and distributed...

Food for thought.,..

Quote from the White Paper:
"New batches of tokens will be issued in step with the construction of new facilities.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 Launchare distributed."

The last facility that would be built is "November 15, 2017: 3 Giga Pods completed, 4.2 MW"

So, their answer makes sense since the ICO ends pretty much at the beginning of August, thus it should take 3, maybe 3.5 months till everything is physically constructed, which is when the tokens should be listed on 3rd party exchanges.

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June 18, 2017, 07:23:06 PM
 #627

If I invest and buy tokens, can I use my tokens to mine equihash coins such as Ethereum, Zcash, etc?

If not, what algorithms am I limited to?

Would I have to do something or say something to support,etc in order to be able to mine a specific algo for example Equihash?

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June 18, 2017, 07:27:59 PM
 #628

If I invest and buy tokens, can I use my tokens to mine equihash coins such as Ethereum, Zcash, etc?

If not, what algorithms am I limited to?

Would I have to do something or say something to support,etc in order to be able to mine a specific algo for example Equihash?

At the beginning only BTC, LTC and ETH will be supported i belive. They plan to expand the number of minable coins in the future, and ofcourse you'll need to have the proper miner for that.

                                     
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chip1982
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June 18, 2017, 07:31:33 PM
 #629

I emailed them to inquire if the tokens will be trade-able on the open exchanges. They emailed me back saying that they aim to have the tokens on the exchanges approximately three months after all tokes are sold and distributed...

Food for thought.,..

Quote from the White Paper:
"New batches of tokens will be issued in step with the construction of new facilities.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 Launchare distributed."

The last facility that would be built is "November 15, 2017: 3 Giga Pods completed, 4.2 MW"

So, their answer makes sense since the ICO ends pretty much at the beginning of August, thus it should take 3, maybe 3.5 months till everything is physically constructed, which is when the tokens should be listed on 3rd party exchanges.


That means earliest listing in Oct and latest exchange listing in Feb 2018. Sounds reasonable for me.
Ukraine2020
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June 18, 2017, 11:29:55 PM
 #630



What*s it? Smiley

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June 19, 2017, 01:12:46 AM
 #631

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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June 19, 2017, 01:31:44 AM
 #632

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

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June 19, 2017, 07:41:03 AM
 #633

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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June 19, 2017, 09:34:03 AM
 #634

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..;

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June 19, 2017, 09:53:06 AM
 #635

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.

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Xenocyde
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June 19, 2017, 10:20:30 AM
 #636

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.
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June 19, 2017, 02:05:41 PM
 #637

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)
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June 19, 2017, 02:15:57 PM
 #638

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.

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June 19, 2017, 05:28:31 PM
 #639

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

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June 19, 2017, 07:36:29 PM
 #640

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

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