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Author Topic: ⚡⛏️[ANN] Giga Watt: Best Home for your Mining. Starts today!  (Read 143998 times)
cryptonomos
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June 19, 2017, 07:52:31 PM
 #641

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.

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cryptonomos
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June 19, 2017, 08:00:11 PM
 #642

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.

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June 19, 2017, 08:13:38 PM
 #643

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



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June 19, 2017, 10:04:46 PM
 #644

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
 #645

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.
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June 19, 2017, 11:18:58 PM
 #646

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.

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June 20, 2017, 12:25:36 AM
 #647

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?

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June 20, 2017, 12:31:13 AM
 #648

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!
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June 20, 2017, 06:01:05 AM
 #649

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]
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June 20, 2017, 06:12:44 AM
 #650

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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cryptonomos
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June 20, 2017, 10:18:21 AM
 #651

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]
1)Could you clarify the question please?
2)Total policy covers $5M for any single claim, and we will increase it as we grow.
3) Yes.

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June 20, 2017, 10:52:56 AM
 #652

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.

• Eve Plex, ISK and characters for BTC: https://bitcointalk.org/index.php?topic=341251.0
• Diablo 3 Powerleveling + Legedary Items + Rift/Cache runs for BTC: https://bitcointalk.org/index.php?topic=961192
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June 20, 2017, 02:17:42 PM
 #653

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]
1)Could you clarify the question please?
2)Total policy covers $5M for any single claim, and we will increase it as we grow.
3) Yes.

Is there a document, somewhere, that attests this S9, T9, L3+ or Panda miner #60dfe9jq4gtxc3-92 belongs to Mrs Janet SMITH ?
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June 20, 2017, 07:28:56 PM
 #654

anyone knows if they accept debit cards for mining rigs payments ?
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June 20, 2017, 09:57:44 PM
 #655

anyone knows if they accept debit cards for mining rigs payments ?

They don't. Only wire transfer or btc.
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Maybe a fed.


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June 21, 2017, 05:36:54 AM
 #656

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.

That's what happened to me and the pandaminers, they're being sold again on the pandaminer site; however aren't relisted.

Definitely don't need a btc miner lol

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June 21, 2017, 07:17:39 AM
 #657

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.

Why not just buying one on bitmain directly and let it set up by them for usd 40 as per their website?


I have more tokens than miners, so need to buy another miner at some point.

That's what happened to me and the pandaminers, they're being sold again on the pandaminer site; however aren't relisted.

Definitely don't need a btc miner lol

They have put a bunch of new miners on their website yesterday, but it didnt took long before they went out of stock again. If everything went well I purchased a few miners, but I am waiting for a confirmation email of my order.

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Bitcoin2theEnd
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June 21, 2017, 09:40:57 AM
 #658

Hello Everyone,

I want to try and simplify the ICO for Giga Watt. I have purchased Giga Watt Tokens (WTT) so I am going to stick to dot points and attempt to keep it neutral so everyone can make their own informed decision.

1 WTT = 1 Watt of entitled power consumption.  ICO started 2 Jun 17 Pacific Daylight Time 1200 (24hr), Ends 31 Jul 17 1200.

                  - 1 WTT = $1.00 Weeks 1-2                    
Current price - 1 WTT = $1.05 Weeks 3-4                    
                  - 1 WTT = $1.10 Weeks 5-6                
                  - 1 WTT = $1.15 Weeks 7-8
                  - 1 WTT = $1.20 Week 9

Unsure exactly how the weeks are worked out. If 1 Week = 7 days, this only leaves 3 days for week 9. Maybe someone can answer.

At the moment if you wanted to use Giga Watt's facility to mine it would cost: 9 Miners or less 9.75c kW/hour  (the more miners the cheaper it is, I will use 9 miners or less for this exmaple)

Price Broken down
Electricity    - 2.8c
Maintenance - 0.5c
Facility Rent - 6.45c

Purchasing WTT saves you the rent and guarantees you power usage equivalent to the amount of WTT's you have purchased for 50 years (who knows what will be happening in 50 years, maybe house drones will be cruising around). You still have to pay for electricity and maintenance. If you do not want to use your WTT's for you own mining you can rent them out for 4.2c kW/h, if the demand is there.

You will be able to sell the WTT's on an exchange/s once all WTT's have been issued and they become listed.

For every 100 WTT's sold an additional 15 are issued to team, partners and advisors - due to this straight away investment is decreased by 15% (happens with all ICO's, some more some less), but I am sure it will increase well more than this.

You are not investing into speculation, you are purchasing the ability to use Giga Watt's facility to mine.

Giga Watt have open days so you can go and check out the facility. Wish I could go but due to being almost 12 000km (7450miles) away it is not possible.

Download and read the whitepaper

I hope this have given a simply overview of the ICO and I haven't confused anyone too much. Remember do your own research and gather as much info as possible to give you the best informed decision whether to invest or not.

Thanks
cryptonomos
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June 21, 2017, 10:43:32 AM
 #659

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.

salsa321
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June 21, 2017, 11:18:56 AM
 #660

which market we can trade it?


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