PopcornKirby
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May 26, 2017, 06:35:58 AM |
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If we want to mine Bitcoin for ourselves for example, what would be the payout for 1 year assuming BTC price stays at $2,500 and we have 10,000 tokens?
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Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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bozton
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May 26, 2017, 07:42:05 AM |
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I love this project and I want to join.
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cryptonomos (OP)
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May 26, 2017, 11:45:02 AM |
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If we want to mine Bitcoin for ourselves for example, what would be the payout for 1 year assuming BTC price stays at $2,500 and we have 10,000 tokens?
Giga Watt has a calculator https://giga-watt.com/promo/prices on the website which computes approximate earning within the following year; however it does account increasing mining difficulty, so we wouldn't be able to answer your question with precise number. |
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PopcornKirby
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May 26, 2017, 01:54:30 PM
Last edit: May 26, 2017, 02:33:43 PM by PopcornKirby |
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If we want to mine Bitcoin for ourselves for example, what would be the payout for 1 year assuming BTC price stays at $2,500 and we have 10,000 tokens?
Giga Watt has a calculator https://giga-watt.com/promo/prices on the website which computes approximate earning within the following year; however it does account increasing mining difficulty, so we wouldn't be able to answer your question with precise number. Is the "efficiency" (or $14,292) mentioned in the picture below the return from mining? Let's say I have 2,928 tokens, what are the additional costs that I need to bear for mining Ether in the example shown in the picture? http://imgur.com/a/qTcy4Also, in the picture above, it says that the annual hosting fee is $1,158. However, in the picture below, it shows that the annual hosting fee saving for 2,928 tokens is $1,731. Could you explain the discrepancy? http://imgur.com/a/kQtYw |
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minhduc134
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May 27, 2017, 03:22:49 AM |
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This is such a great ideas for coin miner! How many token will be released?
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cryptonomos (OP)
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May 27, 2017, 06:51:11 PM |
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If we want to mine Bitcoin for ourselves for example, what would be the payout for 1 year assuming BTC price stays at $2,500 and we have 10,000 tokens?
Giga Watt has a calculator https://giga-watt.com/promo/prices on the website which computes approximate earning within the following year; however it does account increasing mining difficulty, so we wouldn't be able to answer your question with precise number. Is the "efficiency" (or $14,292) mentioned in the picture below the return from mining? Let's say I have 2,928 tokens, what are the additional costs that I need to bear for mining Ether in the example shown in the picture?  Also, in the picture above, it says that the annual hosting fee is $1,158. However, in the picture below, it shows that the annual hosting fee saving for 2,928 tokens is $1,731. Could you explain the discrepancy?  14292$ is the annual efficiency of miner. WTT token is an Ethereum token representing the right to use the Giga Watt's facility's capacity, rent-free for 50 years, to accommodate 1 Watt's worth of mining equipment power consumption. Essentially, this is access to professional mining – with an extraordinarily low entrance threshold. In fact, it could be compared to membership in an elite private mining club. Tokens can be used in two ways: to host your own equipment and to rent out to Giga Watt's customers. If we just rent your tokens are, your income will depend on the rental fee you set (4.2-6.45 ¢/kW/h). Average annual rental income will be 37-57% of the token's initial value (if bought within the first two weeks of sales). If the tokens are used to host your own equipment, you will be able to save 56-66% of mining expenses, thereby increasing your mining income by 36-69% (depending on mining volume). For more detailed estimate please use our calculator at https://cryptonomos.com/wtt/#/calculator |
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cryptonomos (OP)
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May 27, 2017, 06:52:21 PM |
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This is such a great ideas for coin miner! How many token will be released?
Max cap is 30000000 WTT tokens. |
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Bach21
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May 28, 2017, 06:11:31 AM |
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Hi, I would like to reserve for Thai translation. Thank you.
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sirko1993
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Activity: 6
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May 28, 2017, 11:42:27 AM |
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Hi,
So what if at some point I want to get out of this investment? Which would mean giving back my tokens and cashing out. Is that a possibility?
Lets say I get 10000 tokens, something changes and I have to cash out, would my tokens be "stuck" with you guys?
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synthgauge
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May 28, 2017, 11:54:19 AM |
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Hi,
So what if at some point I want to get out of this investment? Which would mean giving back my tokens and cashing out. Is that a possibility?
Lets say I get 10000 tokens, something changes and I have to cash out, would my tokens be "stuck" with you guys?
U were given the tokens under the condition that u will become their permanent owner with no possibility of giving them back. No money retrieval is possible, ur tokens will always be urs and nobody will be dare enough to refund u. Giga watt economics sucks ass big time, and its sad that noobs got lured in and were coerced into taking part in this sucky investment. The estimation u see in the above post is detached from the ground as its in disagreement with the reality, and u wont yield money if u keep ur tokens and utilize them for mining alts. |
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sirko1993
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May 28, 2017, 12:06:56 PM |
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I mean when I look at the mining rig website, for 2900$ I can get a mining rig that can produce 11.000$ worth of coins yearly. Is that something plausible?
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erikalui
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Merit: 1094
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May 28, 2017, 12:33:03 PM |
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Xenocyde
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May 28, 2017, 12:38:32 PM |
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I mean when I look at the mining rig website, for 2900$ I can get a mining rig that can produce 11.000$ worth of coins yearly. Is that something plausible?
It's not because Ethereum is switching to proof of stake by the end of this year so it won't be mineable with GPUs anymore. The safest bet is the L3+ LTC miner, but even with that one you can't be too certain if it's gonna get the figures presented by the on-site calculator because the mining difficulty will have a sudden rise after the July-August batches go online and the LTC price might not be able to keep up with the difficulty. In my opinion, this is still a risky investment even if Giga-Watt is trying their best to present it as a low risk one. |
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pwpwpw
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May 28, 2017, 05:10:13 PM |
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I have a few questions.
1. If I buy the pandaminer, how long is it guaranteed to work at your facility ? What is the lifetime of the product ?
2. For WTT to be worth, basically I need to buy and hold it for my miner at least 2-3 years to have the savings balance out the cost of the WTT and after 2-3 years they paid for themselves. Will these tokens be tradable or once you buy them, you are the owner for 50years ?
3. Does the pandaminer (eth) have freedom of choice when it comes to what algo, pool it uses ? It's a gpu miner so it can practically mine anything, do we have rights to remotely change coin/pool at will ?
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Xenocyde
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May 28, 2017, 05:33:30 PM |
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3. Does the pandaminer (eth) have freedom of choice when it comes to what algo, pool it uses ? It's a gpu miner so it can practically mine anything, do we have rights to remotely change coin/pool at will ?
They said we are allowed to choose whatever coin we want to mine, if the default coin is not profitable anymore. |
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pwpwpw
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May 28, 2017, 05:43:09 PM |
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3. Does the pandaminer (eth) have freedom of choice when it comes to what algo, pool it uses ? It's a gpu miner so it can practically mine anything, do we have rights to remotely change coin/pool at will ?
They said we are allowed to choose whatever coin we want to mine, if the default coin is not profitable anymore. I'm just interested if they will give us a list what else we can mine or we have complete control, like using teamviewer. |
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cryptonomos (OP)
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May 28, 2017, 05:57:29 PM |
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I have a few questions.
1. If I buy the pandaminer, how long is it guaranteed to work at your facility ? What is the lifetime of the product ?
2. For WTT to be worth, basically I need to buy and hold it for my miner at least 2-3 years to have the savings balance out the cost of the WTT and after 2-3 years they paid for themselves. Will these tokens be tradable or once you buy them, you are the owner for 50years ?
3. Does the pandaminer (eth) have freedom of choice when it comes to what algo, pool it uses ? It's a gpu miner so it can practically mine anything, do we have rights to remotely change coin/pool at will ?
1)On average, miners lifetime is 2-2,5 years until they become unprofitable. 2)Tokens will be tradable on exchanges. We will announce them later. 3)You will be able to switch the mining coin. |
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cryptonomos (OP)
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May 28, 2017, 06:10:17 PM |
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Hi,
So what if at some point I want to get out of this investment? Which would mean giving back my tokens and cashing out. Is that a possibility?
Lets say I get 10000 tokens, something changes and I have to cash out, would my tokens be "stuck" with you guys?
U were given the tokens under the condition that u will become their permanent owner with no possibility of giving them back. No money retrieval is possible, ur tokens will always be urs and nobody will be dare enough to refund u. Giga watt economics sucks ass big time, and its sad that noobs got lured in and were coerced into taking part in this sucky investment. The estimation u see in the above post is detached from the ground as its in disagreement with the reality, and u wont yield money if u keep ur tokens and utilize them for mining alts. You can sell WTT tokens as soon as they go on exchanges - we will announce exchange list later. Also, you are able to use tokens for your own miners to save on hosting, as well as rent out tokens to other miners to get rental income. So there are a few way to make use of WTT tokens, and by no means you are tied up to anything  |
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pwpwpw
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May 28, 2017, 07:03:23 PM |
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I have a few questions.
1. If I buy the pandaminer, how long is it guaranteed to work at your facility ? What is the lifetime of the product ?
2. For WTT to be worth, basically I need to buy and hold it for my miner at least 2-3 years to have the savings balance out the cost of the WTT and after 2-3 years they paid for themselves. Will these tokens be tradable or once you buy them, you are the owner for 50years ?
3. Does the pandaminer (eth) have freedom of choice when it comes to what algo, pool it uses ? It's a gpu miner so it can practically mine anything, do we have rights to remotely change coin/pool at will ?
1)On average, miners lifetime is 2-2,5 years until they become unprofitable. 2)Tokens will be tradable on exchanges. We will announce them later. 3)You will be able to switch the mining coin. 1. In case of gpu miners, they can still be profitable after many years but use a bit more power than the new models. I'm interested in the case of hardware failure after 6-24 months, how much warranty is there for mining hardware ? GPUs generally have 2-3 years warranty, what about the pandaminer? 2. So I can use the tokens for 2 years to save on mining costs and then sell the tokens or whenever I use the token, it's being sold back to the company / burned ? Do I pair the token to my miner (by signing it with my private key) and when I sell it on exchange, the new owner can rent it out or pair it to their miner ? In other words, are these tokens used up by saving on mining cost or they save mining cost as long as we hold them ? |
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sirko1993
Newbie
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Activity: 6
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May 28, 2017, 07:58:27 PM |
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@cryptonomos
Ok thank you for the info, it's good enough for me and I'm in.
Just help me out a little bit more, in your professional unbiased, objective opinion which of the 4 miners you offer is the most profitable and when will the first 2 become available again? What would be the best mining setup in your opinion?
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