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Author Topic: ⚡⛏️[ANN] Giga Watt: Best Home for your Mining. Starts today!  (Read 162523 times)
FlamingFingers
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July 21, 2017, 01:59:40 PM
 #941

What  will happen to unsold tokkens after ico?
Cryptonomos/Giga Watt team will reallocate them on specific exchanges, but not before September 15th.
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July 22, 2017, 01:13:01 AM
 #942

This announcement from GigaWatt just came in my mailbox.

The asking price of this Innosilicon A5 (30.2 GH/s) is $10,599!   Shocked

I better stick with my Antminer D3 (15 GH/s) at $3,199. Smiley

chip1982
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July 22, 2017, 07:34:26 AM
 #943

This announcement from GigaWatt just came in my mailbox.

The asking price of this Innosilicon A5 (30.2 GH/s) is $10,599!   Shocked

I better stick with my Antminer D3 (15 GH/s) at $3,199. Smiley



As I looked yesterday there were 97 in stock. 10 hours later only 10...... There are sharks in the water  Smiley

And October S9 are sold out although the US page indicates they are in stock.   Cry
silvestar
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July 22, 2017, 08:03:39 AM
 #944

Where can i get information about devices sold? For example, if i order an asic and send them by cargo, Do they install the device?
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July 22, 2017, 10:12:28 AM
 #945

Understanding the attraction towards this project. Still - some dirty questions remain:
1. Why would a legit looking operation decide to outsource their ICO to -no offense- Russians from Cryptonomos? The names and russian tongue spelling in their writing does not give me a confidence boost. On the contrary I would say.
2. If there is take up by the community the effect on the price of bitcoin will be negative - economics 101 will prove that large initial marges on a production proces of -in this case- a bicoin are not sustainable. Quick profit takers will narrow the profit marges by dumping at lower prices to ensure locked-in profits.
3. The gear proposed to the community are far too expensive.
4. A time horizon of 50 years? Come on guys, who knows what will happen in 50 years. Even traditional public companies stay away from outlooks over such an extended period. For all we know we will all be dead in 50 years.

Good luck with the enterprise - but I am out. (but watching with great interest).

twitter: @uberpatzer  --Soon we will all be dead--
ZedZedNova
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July 22, 2017, 05:17:27 PM
 #946

3. The gear proposed to the community are far too expensive.

The prices that are quoted on Giga Watt's web site are inline with the prices if you were to order the equipment from Bitmain. Don't forget that the price quoted on the Giga Watt site includes the miner, the power supply and power cord, shipping, and import duties/fees. I would also expect that there is some profit built-in to the price since Giga Watt is not doing this because they are nice, i.e.: working for free.

4. A time horizon of 50 years? Come on guys, who knows what will happen in 50 years. Even traditional public companies stay away from outlooks over such an extended period. For all we know we will all be dead in 50 years.

Each WTT token guarantees access to a facility and eliminates the usual hosting fee for 1 watt of consumed power. To host a miner that is rated at 800 W +/- 10%, you would need 800 WTT + 80 WTT (the + 10%) = 880 WTT tokens.

The way I explain WTT to other folks is like a long-term corporate bond. It's not exactly the same, but close enough to make the point.

As long as you hold the bond and the company has not defaulted or closed, you have a claim on the company which is the face value of the bond. In addition to the face value of the bond, the company pays you some amount of money, the coupon, as a way of compensating you for loaning them your money.

In the case of WTT, the face value is essentially the current hosting fee, but can vary for you depending how many miners you have hosted at Giga Watt. While there is no "coupon" per se, you will be able to "rent" your unused WTT tokens to another mining operator that needs tokens. Currently there are four possible rental rates (4.20, 4.95, 5.70, and 6.45 US Cents/kW/H)  that correspond to the rental fees for the four sizes of mining operators (X-Large, Large, Medium, Small) at Giga Watt.

Once the ICO has completed the intent is to list the WTT token on one or more exchanges so they can be traded.

Yes, 50 years is a long time, but there are many companies that have been in existence for longer than 50 years, too.

Good luck with the enterprise - but I am out. (but watching with great interest).

Thanks! It's going to be interesting for sure.

ethOS GPU mining rig Stats || L3+ mining and WTT Tokens @ Giga-Watt
-=O=-
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amirheavy666
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July 26, 2017, 07:18:21 AM
 #947

PLEASE SEND THE EXACT ADDRESS SITE FOR Giga Watt  Undecided


I CAN'T FIND ANTMINER D3 FOR SALE IN ITS SITE.

PLEASE SEND THE LINK OF SALE ROO

quarkchain.io
Savik
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July 26, 2017, 11:59:56 AM
 #948

Very interesting project. The variable costs would be the electricity+maintenance fee (3.3c/kWh). Is there anything stopping GW from increasing these costs absent an increase from the utility company? I understand the current rates are based on Public Utility of Washington state and the minimum wage limits, but nothing forces GW to remain tied to these numbers, correct?

Additionally, is there anything stopping GW from introducing new fees? Perhaps fees for miners not purchased through a partner? Or eventually restricting access to only those miners purchased through the partner?

I'm just trying to go down the path of worst case scenario. I'm sure the current leadership and team at GW isn't planning these changes, but someday the company gets bought by a giant hedge fund for a bazillion dollars and they monetize everything they can for their own benefit.

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July 26, 2017, 01:26:20 PM
 #949

PLEASE SEND THE EXACT ADDRESS SITE FOR Giga Watt  Undecided


I CAN'T FIND ANTMINER D3 FOR SALE IN ITS SITE.

PLEASE SEND THE LINK OF SALE ROO

https://giga-watt.com/


e GOLD
..M   I   N   I   N   G
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                                  o█████
                                ,████P███
                               d████'  Y█
                              d████'    ██
                            ,████PLd█.  ███
                           d█████████'   Y██b████
                      _  ,██████████[     '█████████
                   _o███b███████████     ,d███████P██
                  o████████PO████████   ,██████████`"███
                d████████P',███████P   d███████████    YYbo█████
             ,o███████P"' d███████P  ,█████P `Y███       `███PY███
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,████P                                                                     `Y███

Passive Income For eGM Token Holders
Through Cryptocurrency Mining Profits






..WHITEPAPER..

....How it Works....

..INVEST NOW..

We plan to be the first USA
cryptosecurity that pays investors
a share of net profits every month
regardless of the state of the market.
cryptotore
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July 26, 2017, 01:59:32 PM
 #950

I'm really interested in this project, but:

Can I send you my personal miners to host at your facility?
Or do I need to buy the ones you are reselling (with a premium)?

Sure the power is cheaper, but if the miners costs 600$ more for each machine, it suddenly doesnt look so good anymore.

Cheers,
Tore
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July 26, 2017, 04:38:13 PM
 #951

PLEASE SEND THE EXACT ADDRESS SITE FOR Giga Watt  Undecided


I CAN'T FIND ANTMINER D3 FOR SALE IN ITS SITE.

PLEASE SEND THE LINK OF SALE ROO


Hello, we recently added an ecommerce site- gigawatt.sg, in which you will be able to see the available miners once you are registered and are a WTT token holder.
Giga-Watt Support
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July 26, 2017, 04:45:46 PM
 #952

I'm really interested in this project, but:

Can I send you my personal miners to host at your facility?
Or do I need to buy the ones you are reselling (with a premium)?

Sure the power is cheaper, but if the miners costs 600$ more for each machine, it suddenly doesnt look so good anymore.

Cheers,
Tore


You can send your own miners as long as you are a WTT token holder.
Giga-Watt Support
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July 26, 2017, 05:20:33 PM
 #953

Very interesting project. The variable costs would be the electricity+maintenance fee (3.3c/kWh). Is there anything stopping GW from increasing these costs absent an increase from the utility company? I understand the current rates are based on Public Utility of Washington state and the minimum wage limits, but nothing forces GW to remain tied to these numbers, correct?

Additionally, is there anything stopping GW from introducing new fees? Perhaps fees for miners not purchased through a partner? Or eventually restricting access to only those miners purchased through the partner?

I'm just trying to go down the path of worst case scenario. I'm sure the current leadership and team at GW isn't planning these changes, but someday the company gets bought by a giant hedge fund for a bazillion dollars and they monetize everything they can for their own benefit.


We can assure you your money and miners will be protected. There is a contract you will sign after payment. For any additional questions, please refer to our White Paper- https://cryptonomos.com/wtt/whitePaper/1/

Thank you
rafzalan
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July 27, 2017, 08:21:17 PM
Last edit: July 28, 2017, 04:56:44 AM by rafzalan
 #954

@Giga-Watt Support
It is near the end of ICO. So please clear that:
When token management platform will be ready? When WTT will be tradable? Could we send them to etherwallet?

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Giga-Watt Support
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July 28, 2017, 06:57:32 PM
 #955

@Giga-Watt Support
It is near the end of ICO. So please clear that:
When token management platform will be ready? When WTT will be tradable? Could we send them to etherwallet?


The module to rent is not live yet. It will open after August 7th sometime when the first tokens are deployed. Once construction/obligations to token holders, they'll hit secondary market for trading. As far as sending them to EthWallet, I think so, but I would confirm by asking support@giga-watt.com or support@cryptonomos.com.
btcapollo
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July 28, 2017, 06:59:31 PM
 #956

When will space be available to rent to those miners who are not tokenholders?
Giga-Watt Support
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July 28, 2017, 08:06:14 PM
 #957

When will space be available to rent to those miners who are not tokenholders?


Unless you purchased a miner previous to our policy change- you now have to be a token holder to buy a miner or use our facilities to host your equipment- then you won't be able to rent our space out.
ilostmyface
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July 28, 2017, 09:04:15 PM
 #958

When will space be available to rent to those miners who are not tokenholders?


Unless you purchased a miner previous to our policy change- you now have to be a token holder to buy a miner or use our facilities to host your equipment- then you won't be able to rent our space out.


If you are unable to host miners without owning WTT, then where will the demand to rent WTT come from? All miners will have WTT and not need to rent with this policy. Leaving owners of WTT without hardware unable to rent their tokens.

Maybe I'm confused..
jambo110
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July 29, 2017, 09:25:17 AM
 #959

When will space be available to rent to those miners who are not tokenholders?


Unless you purchased a miner previous to our policy change- you now have to be a token holder to buy a miner or use our facilities to host your equipment- then you won't be able to rent our space out.


If you are unable to host miners without owning WTT, then where will the demand to rent WTT come from? All miners will have WTT and not need to rent with this policy. Leaving owners of WTT without hardware unable to rent their tokens.

Maybe I'm confused..

A good question


e GOLD
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                                ,████P███
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                              d████'    ██
                            ,████PLd█.  ███
                           d█████████'   Y██b████
                      _  ,██████████[     '█████████
                   _o███b███████████     ,d███████P██
                  o████████PO████████   ,██████████`"███
                d████████P',███████P   d███████████    YYbo█████
             ,o███████P"' d███████P  ,█████P `Y███       `███PY███
         ,██████████'    `Y███P''   d█PP`'     `"'         Y██L `Y██
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     d██P               `                                      Y██   Y███
   ,████' ,p                                                    `'     `Y██
  o███P                                                                  `███
,████P                                                                     `Y███

Passive Income For eGM Token Holders
Through Cryptocurrency Mining Profits






..WHITEPAPER..

....How it Works....

..INVEST NOW..

We plan to be the first USA
cryptosecurity that pays investors
a share of net profits every month
regardless of the state of the market.
Mr Frog
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Bitcoin is the King


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July 29, 2017, 12:47:18 PM
 #960

When will space be available to rent to those miners who are not tokenholders?


Unless you purchased a miner previous to our policy change- you now have to be a token holder to buy a miner or use our facilities to host your equipment- then you won't be able to rent our space out.


If you are unable to host miners without owning WTT, then where will the demand to rent WTT come from? All miners will have WTT and not need to rent with this policy. Leaving owners of WTT without hardware unable to rent their tokens.

Maybe I'm confused..

A good question

They already have enough miners without token for the token holders. That is why I believe they change their policy.
They need to find the balance. Logic.

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