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Author Topic: ⚡⛏️[ANN] Giga Watt: Best Home for your Mining. Starts today!  (Read 203078 times)
cryptonomos (OP)
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May 16, 2017, 11:55:28 PM
 #141

It seems a good project... I'll invest some BTC  Grin

Thank you  Smiley


cryptonomos

No bounties?

Answer me please, you don't care about the messages!

We will announce bounty program shortly in all social media accounts, please check back with us.

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cryptonomos (OP)
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May 17, 2017, 12:13:31 AM
 #142

dev, can you make a picture with your face and a piece of paper with the topic url and time?

Oke leave the face, but make a picture where you hold a piece of paper in front of your miners with topic url and date and time. Easy thing to do right?
Ok, we will give you a photo proof on Monday, is that okay?

Hello, Bfljosh. This was our 21st take, before we actually got a good shot for you, so hope you enjoy Smiley

http://imgur.com/a/S7Z38

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May 17, 2017, 02:23:45 AM
 #143

are you going to sell miners on your website ?

cryptonomos (OP)
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May 17, 2017, 03:03:55 AM
 #144


@Dev team - what do you plan to do with the unsold tokens - BURN?
Tokens are issued after sales - not purchased will not be released.

Can you clarify this please? What do you mean the unsold tokens won't be released? They will not be burnt? If they are not burnt, where will they be placed and who will own them? It will negatively impact the value of the tokens that are actually sold.

There will not be any additional WTT tokens except the ones that are raised through Token Launch. So there will be nothing to "burn". The first facilities are already build and are running. New Giga Pods are currently being constructed using own money, that's why any amount of WTT tokens can be released to public. Did that clarify your question?

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May 17, 2017, 03:38:18 AM
 #145

How do we know this won't be another disaster like paycoin?

Giga Watt is a real life project created by David Carlson and his team. Giga Watt tokens offer the right to use the actual existing data processing facilities. Twice a month Giga Watt holds an Open House which you are welcome to attend and see with your own eyes that Giga Watt is a legitimate business. To sign up for our Open House go to https://cryptonomos.com/wtt/#openHouse.

It's very good news . I will follow this project . so do you intend to sell the miners for mining? if yes. this token should be used for this project ?

Minexcoin — A new era of payments || ICO || DISCUSSION
cryptonomos (OP)
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May 17, 2017, 06:19:21 AM
 #146


Thank you, I understand the pricing better now.

Now, if I were to rent out my tokens, I'd obviously want to select the highest rental fee possible. But Giga Watt will only have a limited number of customers in the higher hosting-fee tier. How will it be determined who gets to "host" the more profitable miners. Will token holders who want to rent their space have priority over Giga Watt? Who has priority between two token holders?

Thank you for taking the time to help us understand the different ways we can use the WTT tokens!

All tokens are the same - it has no priority for each other, it is secured by a smart contract. However, the  distribution of tokens takes place in order of priority.

I'm sorry, I must've phrased my question poorly. If I own tokens, but I want to rent that space out to other miners, you say I'll be able to select from 4 different rental rates and get matched up with a miner in Giga-Watt's account. Why would I ever select anything but the highest rate (6.45¢ per kWh)? I think the answer is that Giga-Watt only has a limited number of clients hosting hardware at the higher rate, so I might be forced to select a lower rental rate.

Let's say that, hypothetically, Giga-Watt only has one customer hosting mining rigs in the highest fee tier and these mining rigs total 10kW of power. If 2 people both own 10,000 WTT tokens and both want to rent that space out, which of them would rent to this miner for 6.45¢ per kWh and which would be forced to drop down a tier and rent to someone else at a lower rate? There must be a way to prioritize who gets to "host" the more profitable miners, right?

Thank you!

Lower fees are applicable to customers with larger amount of miners. The reason why you might choose miners with lower fees is so you wouldn't have to manually pick many separate miners (in case you got a lot of tokens), and can just choose one - less work for you.

In terms of priorities - there is none, first come first served. If you see an available miner with 6.45¢ and choose it him/her before anyone else, you are set Smiley

cryptonomos (OP)
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May 17, 2017, 07:56:15 AM
 #147

are you going to sell miners on your website ?



We already do! Please check https://giga-watt.com/promo/plans

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May 17, 2017, 08:09:33 AM
 #148

Listed:
https://www.ico-list.com/index.php?m=Index&a=detail&id=158

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May 17, 2017, 08:32:49 AM
 #149


@Dev team - what do you plan to do with the unsold tokens - BURN?
Tokens are issued after sales - not purchased will not be released.

Can you clarify this please? What do you mean the unsold tokens won't be released? They will not be burnt? If they are not burnt, where will they be placed and who will own them? It will negatively impact the value of the tokens that are actually sold.

There will not be any additional WTT tokens except the ones that are raised through Token Launch. So there will be nothing to "burn". The first facilities are already build and are running. New Giga Pods are currently being constructed using own money, that's why any amount of WTT tokens can be released to public. Did that clarify your question?

Thanks for replying, but Im still confused. Let's say $5,000,000 is raised through the crowdsale. I guess this means that 5,000,000 tokens will be sold, as each token is equal to $1. Does that mean that only 5,000,000 tokens will be created, instead of 30,000,000?

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May 17, 2017, 08:39:24 AM
 #150

are you going to sell miners on your website ?



We already do! Please check https://giga-watt.com/promo/plans

it's so nice to see this project as like as http://miningrigrentals.com/ but this is real mining farm for renting but not resellers of miningrigrentals.com
I will join it now. I hope I will get a profit when I invest here.
cryptonomos (OP)
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May 17, 2017, 09:50:45 AM
 #151


@Dev team - what do you plan to do with the unsold tokens - BURN?
Tokens are issued after sales - not purchased will not be released.

Can you clarify this please? What do you mean the unsold tokens won't be released? They will not be burnt? If they are not burnt, where will they be placed and who will own them? It will negatively impact the value of the tokens that are actually sold.

There will not be any additional WTT tokens except the ones that are raised through Token Launch. So there will be nothing to "burn". The first facilities are already build and are running. New Giga Pods are currently being constructed using own money, that's why any amount of WTT tokens can be released to public. Did that clarify your question?

Thanks for replying, but Im still confused. Let's say $5,000,000 is raised through the crowdsale. I guess this means that 5,000,000 tokens will be sold, as each token is equal to $1. Does that mean that only 5,000,000 tokens will be created, instead of 30,000,000?

If it happens that there will be only $5,000,000 raised, then there will be 5,750,000 tokens released - extra 15% are for the team and partners.

cryptonomos (OP)
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May 17, 2017, 12:01:14 PM
 #152

How do we know this won't be another disaster like paycoin?

Giga Watt is a real life project created by David Carlson and his team. Giga Watt tokens offer the right to use the actual existing data processing facilities. Twice a month Giga Watt holds an Open House which you are welcome to attend and see with your own eyes that Giga Watt is a legitimate business. To sign up for our Open House go to https://cryptonomos.com/wtt/#openHouse.

It's very good news . I will follow this project . so do you intend to sell the miners for mining? if yes. this token should be used for this project ?


Thank you! Yes, Giga Watt is already selling miners. All the information about the mining equipment can be found here:https://giga-watt.com/promo/prices
Tokens will give you ability to host your miners with reduced hosting fees, as well as rent them out to other miners to receive rental income.

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May 17, 2017, 04:48:19 PM
 #153

So what happens if i buy tokens that are too much for my rig/rigs but not enough for next rig? Can i rent it out even though it's not enough to power single rig.

In short let's say i bought tokens for 1500W, and host some hypotetical miner which eats 1100W. So what can i do with left over 400W. Can i rent those 400W out, can i get like partial discount for next rig - 400W cheap price, 700W higher price. Let's assume i use bigger rigs and not low power Baikals.

Thanx!
cryptonomos (OP)
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May 17, 2017, 05:59:59 PM
 #154

So what happens if i buy tokens that are too much for my rig/rigs but not enough for next rig? Can i rent it out even though it's not enough to power single rig.

In short let's say i bought tokens for 1500W, and host some hypotetical miner which eats 1100W. So what can i do with left over 400W. Can i rent those 400W out, can i get like partial discount for next rig - 400W cheap price, 700W higher price. Let's assume i use bigger rigs and not low power Baikals.

Thanx!
Thank you for your question.
If you have too much tokens you can rent them out in any amount.
If you  have not enough tokens you can rent them through Giga Watt website: giga-watt.com.

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May 17, 2017, 11:47:51 PM
 #155

Check what Crypo Insider said on upcoming WTT Token Launch, exciting news!
https://cryptoinsider.com/cryptonomos-giga-watt-launch-wtt-token-make-cost-effective-mining-available-everyone/

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May 18, 2017, 07:15:53 AM
 #156

How often you will pay to me? And how?
Token rental fees and mining rewards are accrued daily.
Giga Watt's customers receive their mining rewards and their WTT token rental fees in BTC, ETH or LTC (rental fees are calculated based on the current exchange rate of BTC, ETH or LTC to USD). The funds can be transferred from your Giga Watt account to any external wallet in BTC/ETH/LTC at any time. In the future we intend to offer a wire transfer option for transfer of over USD 1,000.


Ok I see.. so has anyone been there? I saw Open  House dates, but just wanna ask
cryptonomos (OP)
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May 18, 2017, 09:02:35 AM
 #157

How often you will pay to me? And how?
Token rental fees and mining rewards are accrued daily.
Giga Watt's customers receive their mining rewards and their WTT token rental fees in BTC, ETH or LTC (rental fees are calculated based on the current exchange rate of BTC, ETH or LTC to USD). The funds can be transferred from your Giga Watt account to any external wallet in BTC/ETH/LTC at any time. In the future we intend to offer a wire transfer option for transfer of over USD 1,000.


Ok I see.. so has anyone been there? I saw Open  House dates, but just wanna ask


Giga Watt held first Open House tour as a test on May 15th, 8 people came. However, there was no filming/shooting agreement signed, and they didn't upload any pictures themselves. Next Open House tour is public, we will have a photo report.

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May 18, 2017, 10:29:33 AM
 #158

Is the price of the coin $ 1-2? It's a high price! What are your chances of offering some reward program?
cryptonomos (OP)
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May 18, 2017, 02:55:27 PM
 #159

Is the price of the coin $ 1-2? It's a high price! What are your chances of offering some reward program?
Starting price of tokens is 1-1,2$. We are planning a small bounty program which will be announced in all our resources:
Cryptonomos.com/wtt
https://t.me/wtt_token
https://bitcointalk.org/index.php?topic=1914900.0

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May 19, 2017, 12:44:49 AM
Last edit: May 19, 2017, 03:39:45 AM by cryptonomos
 #160

Exciting news! Giga Watt is arranging a roundtable discussion “Bitcoin for under $500. Reality for a Personal Miner and a Major Investor” at Consensus 2017. Meet you in Hudson/Empire room at New York Marriott Marquis at 3 PM on Tuesday, May 23 - http://www.coindesk.com/events/consensus-2017/agenda/

On the program:
Mining for dummies
Dave Carlson - CEO, Giga Watt
A cryptominer's thorny path: high entrance threshold, economic dependence on price and investment surges, high power rates, hidden costs, and other unforeseen obstacles. Cryptomining leaves no room for error, and the key question is how can someone with just a thousand – or several million dollars – succeed in it. Come and learn if you can still mine successfully from home, which cryptocurrencies you should choose, and what it costs to mine nowadays.

Mining facility for pennies
Daria Generalova - Head of PR&Communications, Cryptonomos
Tokenization of cryptomining infrastructure and minimization of mining costs is the name of the game. Come and learn if it's possible to build a long-term business on mining, how you can get into professional mining with just several thousand dollars to shell out, how to further slash costs in large-scale mining, and how to generate income from cryptomining even if you aren't into mining yourself.

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