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Author Topic: ⚡⛏️[ANN] Giga Watt: Best Home for your Mining. Starts today!  (Read 162328 times)
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June 21, 2017, 06:33:18 PM
 #641

What happens if the cap of 30 million WTT tokens are sold?

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June 21, 2017, 09:32:20 PM
 #642

Any plans to re-supply the miners ? After buying an L3+, few days later they went out of stock. Now all the models appear as out of stock, despite the fact that new batches came out on bitmain website.

I have more tokens than miners, so need to buy another miner at some point.
Hello,
B3 we doubt it, but a replacement gpu yes. L3 will be. You should contact host@giga-watt.com to be added to list for batch sale invites. You must indicate what miners you are interested in.

What hardware we could reserve invite to and how long does it usually take to validate? thanks.

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June 21, 2017, 09:43:25 PM
 #643

which market we can trade it?

Please answer this question plus I wanna ask another question. Is it possible to buy mining equipments (hardware) with our WTT tokens?

Or WTT tokens are used only in energy consumption?
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June 21, 2017, 10:25:54 PM
 #644

which market we can trade it?

They dont know yet as it will hit the exchange once everything is set up. Will take some weeks after release.

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June 21, 2017, 10:44:44 PM
 #645

which market we can trade it?

Please answer this question plus I wanna ask another question. Is it possible to buy mining equipments (hardware) with our WTT tokens?

Or WTT tokens are used only in energy consumption?

No, it is not possible tu buy mining equipment with WTT tokens. Equipment currently must be paid in USD, btc, eth or ltc.

One WTT token represents a rental fee reduction to zero for one Watt mining equipment power consumption.
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June 21, 2017, 10:52:03 PM
 #646

which market we can trade it?

Please answer this question plus I wanna ask another question. Is it possible to buy mining equipments (hardware) with our WTT tokens?

Or WTT tokens are used only in energy consumption?

No, it is not possible tu buy mining equipment with WTT tokens. Equipment currently must be paid in USD, btc, eth or ltc.

One WTT token represents a rental fee reduction to zero for one Watt mining equipment power consumption.

Thank you for the clear answer. This is bad for me but if they order mining equipments for us after we pay for it, this is still okay.

So let's say I have 100 tokens. If I rent them out to another person, how much do I earn per token for a year?
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June 21, 2017, 11:26:01 PM
 #647

which market we can trade it?

Please answer this question plus I wanna ask another question. Is it possible to buy mining equipments (hardware) with our WTT tokens?

Or WTT tokens are used only in energy consumption?

No, it is not possible tu buy mining equipment with WTT tokens. Equipment currently must be paid in USD, btc, eth or ltc.

One WTT token represents a rental fee reduction to zero for one Watt mining equipment power consumption.

Thank you for the clear answer. This is bad for me but if they order mining equipments for us after we pay for it, this is still okay.

So let's say I have 100 tokens. If I rent them out to another person, how much do I earn per token for a year?

Please see the calculator on https://cryptonomos.com/wtt/

With a rental fee of 4.2 c/kWh you get  0.1$/day. Of course it depends on the availabilty of rental demand. There are higher fees up to 6.45 c/kWh though.
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June 22, 2017, 01:02:03 AM
 #648

What happens if the cap of 30 million WTT tokens are sold?
They get distributed within a week of the ico sale date, and can be withdrawn/traded/exchanged/rented


which market we can trade it?

Please answer this question plus I wanna ask another question. Is it possible to buy mining equipments (hardware) with our WTT tokens?

Or WTT tokens are used only in energy consumption?
You can't trade an ico coin until its released and an exchange adds it.

No, only btc/ltc/eth/usd
WTT tokens are only used in reducing your mining costs and for renting tokens to other miners.

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June 22, 2017, 05:32:25 AM
 #649

Why did you not add my Vietnamese translation on OP ? I submit it already for a long ago, sir.
ANN thread : https://bitcoingarden.org/forum/index.php?topic=15179
FAQ : https://bitcoingarden.org/forum/index.php?topic=15179.msg159725#msg159725
Whitepaper : https://drive.google.com/open?id=0B1P2YHZTQQw-TkdlWmp4UE9MRnc
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June 22, 2017, 06:20:58 AM
 #650

An interesting interview on GigaWatt-https://www.investitin.com/cryptocurrency-mining-investment/. Please let me know if this can be improved?
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June 22, 2017, 08:20:56 AM
 #651

I must pay you for a miners and buy tokens? It is complicated. When gigawatt token value rises, costs of minig rises too?



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June 22, 2017, 09:58:11 AM
 #652

At what price BTC cost for purchase of tokens of Giga Watt is calculated?
For example: Today I want to buy Giga Watt tokens for the sum of 1 BTC. 1 BTC = $2667 is meant by I will receive 2667/1.05 = 2540 WTT tokens? If tomorrow 1 BTC costs $3150 and I will buy tomorrow I mean I will receive 3150/1.05 = 3000 WTT tokens? Explain how this happens?

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June 22, 2017, 12:06:11 PM
 #653

They convert the btc instantly, then build new Giga Pods in the factory. Would make sense to convert the btc after ico is over but then who is gonna assume everybody is okay with that, and then, when have time to build the pods, also. The question make no sense.

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June 22, 2017, 12:18:12 PM
 #654

When segwit btc activate, what you do with all antminers?
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June 22, 2017, 12:31:29 PM
 #655

Guys,

I didn't find it, but will there be a possibility to use GPUs to mine on this facility?

Cheers,
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June 22, 2017, 05:40:50 PM
 #656

Does anyone here happen to know if buying miners direct from Bitmain, can we have them shipped directly to Gigawatt's facility? Actually, two questions:

1) Will Bitmain allow this?

2) Will Gigawatt take responsibility for receiving them on miners' behalf?

Thx,

RRM
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June 22, 2017, 05:59:47 PM
 #657

Does anyone here happen to know if buying miners direct from Bitmain, can we have them shipped directly to Gigawatt's facility? Actually, two questions:

1) Will Bitmain allow this?

2) Will Gigawatt take responsibility for receiving them on miners' behalf?

Thx,

RRM

I've asked them the same thing already, so I can take this.

Currently they don't accept any own miners, no space left. As soon as you have tokens, you can decide to send your own miners. Make sure you as well order the PSU.

But do the math, miner + PSU + cords + delivery + set-up cost should more or less add up to bitmain's price. At least giga-watt doesn't have an unreasonable margin on this, so I think it's fair to do it via them.

Edit: As well think about any sort of import tax issues. After all these products are shipped out of China, not sure they will add some US import tax or whatever on top of it and not sure giga-watt will deal with it all.
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June 22, 2017, 06:09:48 PM
 #658

Ah, yes thanks, that makes sense. Appreciate the quick reply!
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June 22, 2017, 07:17:47 PM
 #659

Has anyone here gone through the invoicing process at Gigawatt? Has it gone smoothly? Anything to watch for?

[EDIT] Also, has anyone here not associated with Gigawatt visited the facilities and can you comment?
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June 22, 2017, 09:01:02 PM
 #660

I must pay you for a miners and buy tokens? It is complicated. When gigawatt token value rises, costs of minig rises too?

If the WTT token rises in value, it doesn't increase the cost of mining; it increases the cost to receive the cost savings.  So you'd have to factor in cost benefit analysis stuff to decide if a WTT token worth $5 would be worth it or not (Open exchange potential price used)

At what price BTC cost for purchase of tokens of Giga Watt is calculated?
For example: Today I want to buy Giga Watt tokens for the sum of 1 BTC. 1 BTC = $2667 is meant by I will receive 2667/1.05 = 2540 WTT tokens? If tomorrow 1 BTC costs $3150 and I will buy tomorrow I mean I will receive 3150/1.05 = 3000 WTT tokens? Explain how this happens?
The price is converted instantly, so yes if you buy today and btc price goes way up to $10,000 each you did lose out on a lot of potential tokens.
However if the btc price drops to $150 tomorrow then you got way more tokens than you would get.

Timing is everything.

Guys,

I didn't find it, but will there be a possibility to use GPUs to mine on this facility?

Cheers,

GPU mining rigs can be set up there, they have a $40 set up charge if you use your own; or if you buy a pandaminer through them (it could eventually be directed to other mining sources)


@redrockmining, no I figure I'd wait a little and just google earth it.  Expensive plane ride, however there was a news article somewhere from the county they're located in.

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