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Author Topic: ⚡⛏️[ANN] Giga Watt: Best Home for your Mining. Starts today!  (Read 145251 times)
Mrbates
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June 23, 2017, 02:00:19 PM
 #701

Is anyone currently mining with the L3's at Giga Watt? at today's valuation of LTC, what are estimated ROI's after maintenance, electricity, and hosting if you do not own tokens? I am considering a couple machines but trying to make sure I understand the current ROI structure (knowing full well that the numbers can and likely will fluctuate between now and September.)

with todays values on BTC/LTC, what ROI are customers seeing per machine? (S9 or L3).

What considerations are clients taking into account when considering deploying hardware at GW? major benefits I see are:

1. 24/7 maintenance by professionals
2. lower cost of operation / higher returns
3. Huh

The idea of essentially hiring professionals to operate "my" equipment and then having BTC drip into my account monthly is quite appealing. I just need to make the business case to myself.

With the facility being rather secretive, no address or phone number listed, payment only accepted via BTC, no refunds available (obviously) of tokens, how do we authenticate the legitimacy of it all?

Please excuse my naivety. this is a new market to me and I don't mean to be rude in the least.
1 LTC miner 504 mh/s                 $26.29                                    $24.93                                $1.36                                 93 days   or    62 days
10 LTC miners 5040 mh/s           $262.90                                   $250.72                             $12.18                                93 days    or    62 days
100 LTC miners 50400 mh/s       $2629.00                                $2523.41                            $105.59                               93 days    or    61.5 days


Page 30-32 I posted this.

This is already outdated as the LTC price increased to $46 now. Daily income for an L3+ miner is $44 -$2 hosting fee = $42 for current price.

I know but I'm thinking the difficulty will correct and bring it back down, but if it stayed the same as when I did that its almoat as easy as divide ROI by two

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June 23, 2017, 05:48:35 PM
 #702

I am noob here.  Can anyone explain calculation " Bitcoin mining Price for WTT token holders : under $500 "

I am very much interested in this project. I like the idea of cheap electricity and miners manage/maintained by professionals.

Thanks in advance  Smiley
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June 23, 2017, 07:35:05 PM
 #703

Has anyone tried to purchase with USD?
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June 23, 2017, 07:58:51 PM
 #704

I have some doubts. Will this Token be sold in markets such as poloniex, Bifinex, etc? Each Token has its value attached to 1 Watt of power, is that it? If this is the more expensive to get the more expensive the farm energy, so we should not expect the value of the token to go to the moon, right? Undecided
Xenocyde
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June 23, 2017, 09:09:03 PM
 #705

Is anyone currently mining with the L3's at Giga Watt? at today's valuation of LTC, what are estimated ROI's after maintenance, electricity, and hosting if you do not own tokens? I am considering a couple machines but trying to make sure I understand the current ROI structure (knowing full well that the numbers can and likely will fluctuate between now and September.)

with todays values on BTC/LTC, what ROI are customers seeing per machine? (S9 or L3).

What considerations are clients taking into account when considering deploying hardware at GW? major benefits I see are:

1. 24/7 maintenance by professionals
2. lower cost of operation / higher returns
3. Huh

The idea of essentially hiring professionals to operate "my" equipment and then having BTC drip into my account monthly is quite appealing. I just need to make the business case to myself.

With the facility being rather secretive, no address or phone number listed, payment only accepted via BTC, no refunds available (obviously) of tokens, how do we authenticate the legitimacy of it all?

Please excuse my naivety. this is a new market to me and I don't mean to be rude in the least.
1 LTC miner 504 mh/s                 $26.29                                    $24.93                                $1.36                                 93 days   or    62 days
10 LTC miners 5040 mh/s           $262.90                                   $250.72                             $12.18                                93 days    or    62 days
100 LTC miners 50400 mh/s       $2629.00                                $2523.41                            $105.59                               93 days    or    61.5 days


Page 30-32 I posted this.

This is already outdated as the LTC price increased to $46 now. Daily income for an L3+ miner is $44 -$2 hosting fee = $42 for current price.

I know but I'm thinking the difficulty will correct and bring it back down, but if it stayed the same as when I did that its almoat as easy as divide ROI by two

The difficulty will most likely see a more considerable increase at the end of July, when the first big batch gets delivered, then in September, when the next big batch is due delivery. Until then the price could go over $70 easily. As I see it, the price is preparing for difficulty correction ahead of time, which is pretty good.
Mrbates
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June 23, 2017, 10:17:54 PM
 #706

I am noob here.  Can anyone explain calculation " Bitcoin mining Price for WTT token holders : under $500 "

I am very much interested in this project. I like the idea of cheap electricity and miners manage/maintained by professionals.

Thanks in advance  Smiley

Basically that calculation was done by stating the electricity costs used in mining each bitcoin, it doesn't point out that you need to purchase the miner and the tokens and cover your initial investment.


But in essence you would spend approximately $500 mining each bitcoin in energy costs using the WTT token in combination with your miner (s9).

Mrbates
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June 23, 2017, 10:20:01 PM
 #707

I have some doubts. Will this Token be sold in markets such as poloniex, Bifinex, etc? Each Token has its value attached to 1 Watt of power, is that it? If this is the more expensive to get the more expensive the farm energy, so we should not expect the value of the token to go to the moon, right? Undecided

Its an erc20 token so it could be tradable in any exchange featuring ethereum/erc20 tokens, its already future trading at hitbtc.  The token provides you 1 watt of power and rental free mining for 50 years, so I don't particularly believe it will moon and be worth $100 each; but its passive income and over time benefits could be rather great to increase the value.  As seen on hitbtc 3-6x per token easily enough.

daylateandadollarshort
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June 23, 2017, 10:53:49 PM
 #708

I have some doubts. Will this Token be sold in markets such as poloniex, Bifinex, etc? Each Token has its value attached to 1 Watt of power, is that it? If this is the more expensive to get the more expensive the farm energy, so we should not expect the value of the token to go to the moon, right? Undecided

I had the same thought.  Disclaimer: I am new to all of this.
By being attached to the 50 year 1 watt of power, it might put a fairly hard ceiling on the value of the token.
If people can become convinced that the value of the token is based on the value of 50 years of 1 watt rental at Gigawatt, and the rental fee has a fixed amount (as it appears to have), then you can literally calculate the exact value of the coin (obviously this assumes nothing changes over the next 50 years, which is ridiculous.  But you get my point.)

According to the cryptonomos calculator which is available here: https://cryptonomos.com/?r=1lv0eNDlOmhWNTu18ev35yyLJ
You can rent the tokens out for a max of $0.56502 per token per year.
Multiply that by 50 years, and you get a lifetime value of $28.25 per token.

Of course this assumes the tokens are being rented out.  But a similar formula could be used, based on the savings in rental fees, if the tokens were being used to cover miner rental feesL
Again, according to the cryptonomos calculator which is available here: https://cryptonomos.com/?r=1lv0eNDlOmhWNTu18ev35yyLJ
You will save $0.5913 per token per year.
Multiply that by 50 years, and you get a lifetime value of $29.565 per token.

So, based on this simple concept, we would assume that the value of one token should be at the very most $29.565, which is awesome for investors if it actually went this high.

Of course people will guess about what the value of mining/electricity will be over the next 50 years and apply that to the possible future value the token brings.  That's where things get interesting, I suppose.

Again I am totally new at this and I realize this is simple logic that only works in a vacuum.  But I thought it might be worthwhile to consider.
RedRockMining
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June 24, 2017, 12:06:06 AM
 #709

First I'd like to say I really like the concept and how it brings economies of scale to small miners, but I'd like to hear from any here who are actually running miners now at the Gigawatt facilities, either your own or purchase through Gigawatt.

I'd be curious to know about how billing, installation, payments, maintenance, outages, etc. are handled in reality.

Anyone here already mining?
Mrbates
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June 24, 2017, 12:42:13 AM
 #710

First I'd like to say I really like the concept and how it brings economies of scale to small miners, but I'd like to hear from any here who are actually running miners now at the Gigawatt facilities, either your own or purchase through Gigawatt.

I'd be curious to know about how billing, installation, payments, maintenance, outages, etc. are handled in reality.

Anyone here already mining?

I don't believe so because all of the miners that had been sold are coming in the near future.

Although megabigpower was a pretty big name (Should be safe to look up reviews of them, and apply here)

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June 24, 2017, 12:53:11 AM
 #711

I have some doubts. Will this Token be sold in markets such as poloniex, Bifinex, etc? Each Token has its value attached to 1 Watt of power, is that it? If this is the more expensive to get the more expensive the farm energy, so we should not expect the value of the token to go to the moon, right? Undecided

I had the same thought.  Disclaimer: I am new to all of this.
By being attached to the 50 year 1 watt of power, it might put a fairly hard ceiling on the value of the token.
If people can become convinced that the value of the token is based on the value of 50 years of 1 watt rental at Gigawatt, and the rental fee has a fixed amount (as it appears to have), then you can literally calculate the exact value of the coin (obviously this assumes nothing changes over the next 50 years, which is ridiculous.  But you get my point.)

According to the cryptonomos calculator which is available here: https://cryptonomos.com/?r=1lv0eNDlOmhWNTu18ev35yyLJ
You can rent the tokens out for a max of $0.56502 per token per year.
Multiply that by 50 years, and you get a lifetime value of $28.25 per token.

Of course this assumes the tokens are being rented out.  But a similar formula could be used, based on the savings in rental fees, if the tokens were being used to cover miner rental feesL
Again, according to the cryptonomos calculator which is available here: https://cryptonomos.com/?r=1lv0eNDlOmhWNTu18ev35yyLJ
You will save $0.5913 per token per year.
Multiply that by 50 years, and you get a lifetime value of $29.565 per token.

So, based on this simple concept, we would assume that the value of one token should be at the very most $29.565, which is awesome for investors if it actually went this high.

Of course people will guess about what the value of mining/electricity will be over the next 50 years and apply that to the possible future value the token brings.  That's where things get interesting, I suppose.

Again I am totally new at this and I realize this is simple logic that only works in a vacuum.  But I thought it might be worthwhile to consider.

If you look into the future, that would be correct calculations - but the value might vary due to changes in demand. Also you may sell your WTT on public exchanges once it gets listed there.
RedRockMining
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June 24, 2017, 01:04:43 AM
 #712

Anyone here already mining?
[/quote]

I don't believe so because all of the miners that had been sold are coming in the near future.

Although megabigpower was a pretty big name (Should be safe to look up reviews of them, and apply here)
[/quote]

Yeah, that's what I'm not quite clear about. From the cryptonomos website:

"At this time, there are 3 units already in operation, which means that 2.25 MW is currently ready for tokenization"

So what does "in operation" mean? Does it mean it's already hosting miners or just ready for miners post-token launch?

To me it seems to suggest miners are already being hosted especially since they do offer hosting for those who already have their own miners.




maldini
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June 24, 2017, 01:10:18 AM
 #713

Why does your team send you a message to visit the link you shared?
Padhal you can hold bounty for this condition
Are you afraid to spend capital

BitSend ◢◤Clients | Source
www.bitsend.info
|Your Digatal Network | 10MB Chain
| New XEVAN Algo !
| Longterm Airdrop 80* BSD every week
| Bittrex | C.Gather | S.Exchange
| Cryptopia || Livecoin
| Currently over 250+Giveaway members

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maldini
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June 24, 2017, 01:16:10 AM
 #714

When do you start ICON dev? And how about coin distribution?

BitSend ◢◤Clients | Source
www.bitsend.info
|Your Digatal Network | 10MB Chain
| New XEVAN Algo !
| Longterm Airdrop 80* BSD every week
| Bittrex | C.Gather | S.Exchange
| Cryptopia || Livecoin
| Currently over 250+Giveaway members

████
 ████
  ████
   ████
    ████
     ████
      ████
       ████
        ████
       ████
      ████
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████
YIz
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June 24, 2017, 01:20:28 AM
 #715

When do you start ICON dev? And how about coin distribution?
Coins will be distributed when the mining facilities are ready. you get the coins when the batch you bought into is ready.

Mrbates
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June 24, 2017, 02:19:03 AM
 #716

Anyone here already mining?

I don't believe so because all of the miners that had been sold are coming in the near future.

Although megabigpower was a pretty big name (Should be safe to look up reviews of them, and apply here)
[/quote]

Yeah, that's what I'm not quite clear about. From the cryptonomos website:

"At this time, there are 3 units already in operation, which means that 2.25 MW is currently ready for tokenization"

So what does "in operation" mean? Does it mean it's already hosting miners or just ready for miners post-token launch?

To me it seems to suggest miners are already being hosted especially since they do offer hosting for those who already have their own miners.





[/quote]
Probably needs to be answered by cryptonomos

cryptonomos
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June 24, 2017, 02:39:47 AM
 #717

Why does your team send you a message to visit the link you shared?
Padhal you can hold bounty for this condition
Are you afraid to spend capital

Could you please clarify your question?

When do you start ICON dev? And how about coin distribution?

First batch is issued on August 7th, then 15th, then Sep 1st and so on.

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June 24, 2017, 02:41:40 AM
 #718

Has anyone tried to purchase with USD?

We've had some participants who purchased with USD of course. You simply fill out the form in cabinet when clicking on $ sign, fill out the form and get invoice sent to your email. After that you take it and go to the bank with it.

djazher
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June 24, 2017, 05:36:17 AM
 #719

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.

I'm VERY sorry to insist [3rd time, actually] and I'll try to re-phrase my question :


1)Could you clarify the question please?


When purchasing through the Giga-Watt website, do you issue a legal document stating about the fact that that each mining machine belongs to his actual owner ? Or, how can I prove, once purchased, that this very mining machine is mine, and not yours ?
Donaldturp
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June 24, 2017, 05:44:14 AM
 #720

Has anyone tried to purchase with USD?

We've had some participants who purchased with USD of course. You simply fill out the form in cabinet when clicking on $ sign, fill out the form and get invoice sent to your email. After that you take it and go to the bank with it.

I was also thinking to purchase WTT tokens with USD via wire transfer. I will check the web site for further instructions.

Hopefully, I can do it with USD without a problem.

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