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Author Topic: ⚡⛏️[ANN] Giga Watt: Best Home for your Mining. Starts today!  (Read 144588 times)
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July 08, 2017, 04:39:19 AM
 #881

Hello Giga Watt,

I am interested in your project. I have question about renting out tokens.
You said that, if I have 10 WTT tokens, I will receive about $3.68 annual rental income.
But what guarantees all of  my WTT tokens will be rented all the years.
Or it depends on many factor (the demand of mining, rental fee, how many tokens I have ...)


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July 08, 2017, 05:08:04 AM
 #882

I asked this question in the Telegram channel but didn't get a satisfactory response. Perhaps someone here can answer my questions.

I was told that miners are only allowed to mine BTC, ETH and LTC with Slush Pool and Litecoin Pool. Furthermore, miners are aggregated into Giga Watt's account at each of these pools, i.e. miners don't have individual accounts at these pools. (Please correct me if I'm wrong.) This obviously needs some serious auditing. How do miners know they are receiving what they should be receiving? Why aren't miners allowed to have own separate accounts with these mining pools?  Huh

The proceeds from mining goes into their account so that they can keep track of what your miner(s) has mined so that they can deduct their fees. From what I can tell by reading the info available in the WTT white paper and the web sites, Giga-Watt pays out daily. Given that you know the hash rate for your miner(s) and the network difficulty, any decent mining calculator (or your own calculator or spreadsheet for that matter) can tell you the expected output. Deduct the daily fee for your miner(s) and you should be able to calculate the deposit to your account.

Here is a decent calculator: https://bitcoinwisdom.com/litecoin/difficulty
It's not fancy and doesn't consider power costs, but it gives you an idea. Here is another one that does take into consideration the cost of power: https://bitcoinwisdom.com/litecoin/calculator
and another: http://tinyurl.com/yanebqbx -or- http://preview.tinyurl.com/yanebqbx (this shortened URL goes to whattomine.com, the preview link allows you to see the original URL I shortened)

By doing it this way Giga-Watt makes sure that they get paid and not scammed for the fees to run the miner(s). Oddly enough there are an amazing number of scammers on the internet, and some of them use crypto-currencies.

Also, somewhere in an earlier message on this thread, it was mentioned that additional coins/pools may be considered.

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July 08, 2017, 03:28:15 PM
 #883

I asked this question in the Telegram channel but didn't get a satisfactory response. Perhaps someone here can answer my questions.

I was told that miners are only allowed to mine BTC, ETH and LTC with Slush Pool and Litecoin Pool. Furthermore, miners are aggregated into Giga Watt's account at each of these pools, i.e. miners don't have individual accounts at these pools. (Please correct me if I'm wrong.) This obviously needs some serious auditing. How do miners know they are receiving what they should be receiving? Why aren't miners allowed to have own separate accounts with these mining pools?  Huh

The proceeds from mining goes into their account so that they can keep track of what your miner(s) has mined so that they can deduct their fees. From what I can tell by reading the info available in the WTT white paper and the web sites, Giga-Watt pays out daily. Given that you know the hash rate for your miner(s) and the network difficulty, any decent mining calculator (or your own calculator or spreadsheet for that matter) can tell you the expected output. Deduct the daily fee for your miner(s) and you should be able to calculate the deposit to your account.

Here is a decent calculator: https://bitcoinwisdom.com/litecoin/difficulty
It's not fancy and doesn't consider power costs, but it gives you an idea. Here is another one that does take into consideration the cost of power: https://bitcoinwisdom.com/litecoin/calculator
and another: http://[Suspicious link removed]/yanebqbx -or- http://preview.[Suspicious link removed]/yanebqbx (this shortened URL goes to whattomine.com, the preview link allows you to see the original URL I shortened)

By doing it this way Giga-Watt makes sure that they get paid and not scammed for the fees to run the miner(s). Oddly enough there are an amazing number of scammers on the internet, and some of them use crypto-currencies.

Also, somewhere in an earlier message on this thread, it was mentioned that additional coins/pools may be considered.


I imagined the reasoning would be along these lines. So rather than deducting fees as earned and playing "big brother" to all customer accounts, why not just switch to a prepay model. It's easy to know what your equipment will incur in fees for the next 30 days. For example at $0.033 kWh, it will cost $34.58 per month. This would also alleviate the limitation on pools and mining coins other than BTC, LTC and ETH. If you don't top up your account at the end of the 30 day period, your miner gets shut off and Giga Watt isn't scammed or losing any fees.
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July 08, 2017, 06:32:31 PM
 #884

Hi, need some help or advise. I purchased a little bit over 1k tokens. I know jack about mining, I'm more of an investor. As a beginner, what miners should I buy to send to Giga Watt? Any suggestions? I think I want to mine LTC.

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July 08, 2017, 06:44:37 PM
 #885

Hi, need some help or advise. I purchased a little bit over 1k tokens. I know jack about mining, I'm more of an investor. As a beginner, what miners should I buy to send to Giga Watt? Any suggestions? I think I want to mine LTC.

You need to go here  --> https://giga-watt.com/

Or send an Email here --> support@giga-watt.com

L3+ is a very good machine to mine LTC.

I did not post this message, The Russians did it !
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July 08, 2017, 06:59:30 PM
 #886

How do I rent the miners?
I have 68 tokens and I do not know how to have miners.

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July 08, 2017, 07:10:25 PM
 #887

How do I rent the miners?
I have 68 tokens and I do not know how to have miners.

You cannot rent them until they release the tokens. You just brought them so far.

For the miner visit the giga watt site. They have miners available. But still at a later date to be release.
--> https://giga-watt.com/


I did not post this message, The Russians did it !
raynman
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July 08, 2017, 09:34:25 PM
 #888

How do I rent the miners?
I have 68 tokens and I do not know how to have miners.
You cannot use 68 tokens to host ANY of the miners.
It is just not sufficient to cover the rated wattage (plus 10%) of the miners.
The minimum tokens you need is 880, to host one Antminer L3+.
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July 09, 2017, 12:09:55 AM
 #889

How do I rent the miners?
I have 68 tokens and I do not know how to have miners.

You cannot rent them until they release the tokens. You just brought them so far.

For the miner visit the giga watt site. They have miners available. But still at a later date to be release.
--> https://giga-watt.com/




Thank you very much for the information

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July 09, 2017, 12:28:01 AM
 #890

How do I rent the miners?
I have 68 tokens and I do not know how to have miners.
You cannot use 68 tokens to host ANY of the miners.
It is just not sufficient to cover the rated wattage (plus 10%) of the miners.
The minimum tokens you need is 880, to host one Antminer L3+.


Then you better sell my 68 tokens?
what would you do?

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July 09, 2017, 01:26:07 AM
 #891

How do I rent the miners?
I have 68 tokens and I do not know how to have miners.
You cannot use 68 tokens to host ANY of the miners.
It is just not sufficient to cover the rated wattage (plus 10%) of the miners.
The minimum tokens you need is 880, to host one Antminer L3+.


Then you better sell my 68 tokens?
what would you do?
You can rent out your 68 tokens to other GigaWatt miners who do not have the tokens.

Or you can sell your tokens on the HitBTC exchange once they are listed there.

https://hitbtc.com/exchange/WTT-to-BTC
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July 09, 2017, 09:39:37 AM
 #892

There is one thing I am quite sure is that some miners doesn't want you to mine. Because more miners less profit for them. So they will tell you how hard it is. And that it is not profitable.
That you should not invest in mining because you will loose money at the end.

IT'S ALL FALSE.

if it was true well NOBODY would be mining. NOBODY would be buying equipment from Bitmain or others... but the problem is that they are all out of stock and you need to order 2 months in advance to get them... really !?

Well. Something doesn't match here... !!? Is everybody gone mad buying stuff to loose money ?
NO

Mining still profitable if you are doing it the right way.
Electricity cost still the biggest problem to stay in profit and for sure it is impossible to get some profit mining BTC in most countries.
But there is plenty other coins to mine.

Giga Watt understood that and they have one of the cheapest electricity rate in the world. That is why mining with them is profitable.

I did not post this message, The Russians did it !
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July 09, 2017, 01:20:00 PM
 #893


So anybody saying that this is not a good Project.

I am asking again. Anything better to propose for hosting mining solution ? Coz after looking at it I cannot see anybody offering a better deal.
I agree Mr. Frog looks like a really good deal. Having read the white paper and the existing set up and business that's there. I live in Australia and Electricity costs are crazy expensive.

I do have questions for Giga Watt about the tokens and rental arrangement

1. Is Giga Watt responsible for finding people to rent the Tokens/Watts we have purchased?

2. Will the Token Watts will be bundled together with other peoples to be rented out?

congrats of a good ICO.

The only thing I know about that is that GW is a very responsible and transparent company and that they definitely try to keep a good balance in between all the investors in order to have the tokens rented by miners who need it.

They will create a platform where miners and tokens holders can deal with the rent. As I understood.

I did not post this message, The Russians did it !
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July 09, 2017, 05:25:59 PM
 #894

GigaWatt Mining Tour
By Crypto Clover

https://www.youtube.com/watch?v=4Juv8qMdN5Y

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July 09, 2017, 05:32:08 PM
 #895

Sorry for the redundant question, I asked this on the Slack but no one answered. How much LTC can one L3 miner yield within let say a month? Would more than one be recommended, or is 1 sufficient? I've never mined before. I have over 1k tokens.

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July 09, 2017, 05:43:13 PM
 #896

Sorry for the redundant question, I asked this on the Slack but no one answered. How much LTC can one L3 miner yield within let say a month? Would more than one be recommended, or is 1 sufficient? I've never mined before. I have over 1k tokens.

The L3+ is really good. The amount will decrease with the time. Difficult to predict the future. But at the moment it is around 0,95 LTC per day I think.
https://www.litecoinpool.org/calc?hashrate=504&speedunit=MH%2Fs&difficulty=275720.58842735&price=49.09884&currency=USD&power=880&energycost=0.03

I did not post this message, The Russians did it !
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July 09, 2017, 05:43:54 PM
 #897

Sorry for the redundant question, I asked this on the Slack but no one answered. How much LTC can one L3 miner yield within let say a month? Would more than one be recommended, or is 1 sufficient? I've never mined before. I have over 1k tokens.

This is how much you currently get with a L3+ miner and hosting/electricity costs with WTT tokens:

http://www.mycryptobuddy.com/LitecoinMiningCalculator/path?hashrate=508&powerCost=0.03&power=880
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July 09, 2017, 06:00:28 PM
 #898

Sorry for the redundant question, I asked this on the Slack but no one answered. How much LTC can one L3 miner yield within let say a month? Would more than one be recommended, or is 1 sufficient? I've never mined before. I have over 1k tokens.

This is how much you currently get with a L3+ miner and hosting/electricity costs with WTT tokens:

http://www.mycryptobuddy.com/LitecoinMiningCalculator/path?hashrate=508&powerCost=0.03&power=880

Well, that sounds like a no brainer and even with the difficulty it will still be profitable. I'm thinking of buying 2 L3's. I just have to do more research. I'm not well versed with mining.

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July 09, 2017, 06:10:12 PM
 #899

Well, that sounds like a no brainer and even with the difficulty it will still be profitable. I'm thinking of buying 2 L3's. I just have to do more research. I'm not well versed with mining.

Sounded the same for me, so I did what you are thinking of. Bought 2 L3's, now I am waiting for the Giga Pods to be completed Smiley
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July 09, 2017, 06:14:55 PM
 #900

Congrats! Welcome with Giga Watt.
I am in with a S9 and a L3+ (August and September Batch). Grin & Waiting for more Mining Cryptos to be added by GW.

I did not post this message, The Russians did it !
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