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Author Topic: ⚡⛏️[ANN] Giga Watt: Best Home for your Mining. Starts today!  (Read 159940 times)
Xenocyde
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June 14, 2017, 06:56:03 AM
 #561

What being new to the site has to do with giving my opinion on something that everyone should look into before sending their money to a company that may end up causing them money at the end. They got their money after posting what was going on. 10 days is a long time. During that time they could have used the money invest it and make some profit out of it.

If the credit card has been reported stolen the transaction wont go through. Chargeback is something that every business must deal with every second. Do you actually think that Apple, Samsung and etc make less money because their customers are doing fraudulent transactions or because most of them are honest.

So let say you invest 10k in miners by sending coins to them and then you find out is all a scam, what government agency are you going to run to, to get you coins back? If you do a wire transfer you have no way of getting the money back even after explaining it to the bank. They have all the hands when it comes to making the transactions and you have none.  

I bought an L3+ miner from them and there was a slight discrepancy between what they asked me to send and the actual BTC price, because there was a sudden increase of the BTC price in the time-frame of the scheduled payment. They agreed to refund the 0.05 difference. That to me proves they are not scammers. Also, the fact that their CEO is David Carlson should increase the confidence levels. Their customer support team is small at the moment and they are trying their best to deal with all the problems that might arise.

For security, your account has been locked. Email acctcomp15@theymos.e4ward.com
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June 14, 2017, 10:20:32 AM
 #562

Bought 880 tokens and an L3+ miner aswell and they answered really quick to my email(s). Basically, they seem to be much more focused on the practical part (sales, customer support through their website etc) than posting and answering here, which is understandable.

Also, thanks cryptonomos for answering my previous question regarding the escrow Smiley I have few other questions related to what's written in the White Paper. The quote is this: "When token holders buy miners from the Partner through Giga Watt’s  website,  miners  available  to  them  will  be  automatically displayed  in  their  accounts  and  matched  with  their  tokens. "

Since my purchase is recent and they will only ship the L3+s in September, will the tokens and this L3+ get matched soon or only after it gets shipped ? Asking because, right now, they're not matched. The only "proof" I have right now that I've indeed purchased an L3+ is the mail from gigawatt and the payment done. The miner purchased doesn't appear anywhere yet, so asking if that is working as intended for now.

Also, since on the website it's shown the L3s and S9s are still available, once we purchase them, are we guaranteed that we will get them ? Do you ask the supplier before ( or at least soon after) we buy them to make sure you're not taking more orders than their capacity to produce them ?

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June 14, 2017, 12:58:07 PM
 #563

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Cryptoturtle
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June 14, 2017, 07:54:27 PM
 #564

Guys I need some help from you im new to this stuff.

So I want invest in this, but how?
From what I understand; you register on the website and then you get the wallet where you send your ether/bitcoin to and then they send you an E-Mail with the keys for the coins or am i wrong about something?

Money is key
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June 14, 2017, 08:00:52 PM
 #565

Guys I need some help from you im new to this stuff.

So I want invest in this, but how?
From what I understand; you register on the website and then you get the wallet where you send your ether/bitcoin to and then they send you an E-Mail with the keys for the coins or am i wrong about something?

They don't send you keys, you will be able to withdraw them after the ico ends be able to withdraw the tokens to your eth wallet.

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June 14, 2017, 08:06:52 PM
 #566

Guys I need some help from you im new to this stuff.

So I want invest in this, but how?
From what I understand; you register on the website and then you get the wallet where you send your ether/bitcoin to and then they send you an E-Mail with the keys for the coins or am i wrong about something?

They don't send you keys, you will be able to withdraw them after the ico ends be able to withdraw the tokens to your eth wallet.

ooohhhh so i get a wallet on their website, right?

Do you think that the coin will rise soon after release?

Money is key
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June 14, 2017, 08:33:15 PM
 #567

Guys I need some help from you im new to this stuff.

So I want invest in this, but how?
From what I understand; you register on the website and then you get the wallet where you send your ether/bitcoin to and then they send you an E-Mail with the keys for the coins or am i wrong about something?

They don't send you keys, you will be able to withdraw them after the ico ends be able to withdraw the tokens to your eth wallet.

ooohhhh so i get a wallet on their website, right?

Do you think that the coin will rise soon after release?
Usually with ico's it's a temporary wallet; but given that it has a utility with the website itself, it will probably be a permanent wallet for our wtt as well.

And it's doing well on the iou trading, it really winds up depending how big it gets; because cutting the bottom line off mining can increase your long term profit greatly and if you have a hundred miners that reduction in cost would be enough to where even paying $2-3 a token could be factored in to the Mining equipments roi.

I'll do a full breakdown when I get home.

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June 14, 2017, 09:08:32 PM
 #568

Alright so for the following examples:

1 miner, 10 miners and 100 miners will be used.
I will be using the LTC miner as the main use because the numbers are so much easier all data used for this is from this moment and cryptocompare.
1 miner is 880 tokens / currently $880 and the miner cost is 1550 meaning profit begins at $2,430 or $1,550

Mining equipment amount   profit per day with tokens   profit per day without tokens*    total profit difference*    days until tokens & miner are paid off/Days until miner paid

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



However mining equipment lasts lets say 2 years, (despite the tokens effects lasting for 50 and that difficulty stays the same forever and ever in this example)
How long at max would it take to pay for these tokens per tier given:
648 days from mining profits alone with 1 miner
722 days from mining profits alone with 10 miners
833 days from mining profits alone with 100 miners.

Now I personally believe and this isn't meant to sway an opinion one way or another (But if it does my WTT referral link longs for your click) that given the mindless nature behind this form of mining after 2 years most miners having at current rates approximately 635~ days of pure profit with the token would likely reinvest and get more new miners or begin mining something new.  So given that you have 635 days of pure profit even with the tokens paid for immediately at the start and not taking the long way through it and using only your profit difference to pay for the tokens -- your next set of miners would already have this price reduction in hosting costs, and if you choose to not continue mining well you've paid off your tokens 100% and your miners 100%; you could either rent out your tokens and earn a steady daily income -> calculator on the website, or sell your tokens for at the very least what you paid for them as I don't believe mining will ever truly die to PoS/Masternodes.




(I would be interested in knowing if they buy our miners from us at a point to recycle, or if they would ship them to us for our reselling pleasure)


*Profit without tokens goes up non linearly because if you host a lot of miners you do get a discount hence why the with token profit goes up linearly.

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June 14, 2017, 09:14:34 PM
 #569

Can someone please explain what is difference between Batch 1,2,3,4,5,6??
http://i.imgur.com/zxH7vqe.png

Sorry for another noob question:
To make money from mining i just need to buy WTT token or buy miner from them?
http://i.imgur.com/jbolZ5K.png

 Huh
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June 14, 2017, 09:16:23 PM
 #570

Can someone please explain what is difference between Batch 1,2,3,4,5,6??


Sorry for another noob question:
To make money from mining i just need to buy WTT token or buy miner from them?


 Huh
Batch 1 will be the first to receive their tokens, after batches will follow later.
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June 14, 2017, 09:37:18 PM
 #571

Do I understand correctly to make max profit i need to buy WTT tokens + miners right?
But i will not making profit immediately cuz miners will be delivered only after few months (ASIC L3+ Delivery date: Sep 20)
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June 14, 2017, 10:05:37 PM
 #572

Alright so for the following examples:

1 miner, 10 miners and 100 miners will be used.
I will be using the LTC miner as the main use because the numbers are so much easier all data used for this is from this moment and cryptocompare.
1 miner is 880 tokens / currently $880 and the miner cost is 1550 meaning profit begins at $2,430 or $1,550

Mining equipment amount   profit per day with tokens   profit per day without tokens*    total profit difference*    days until tokens & miner are paid off/Days until miner paid

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



However mining equipment lasts lets say 2 years, (despite the tokens effects lasting for 50 and that difficulty stays the same forever and ever in this example)
How long at max would it take to pay for these tokens per tier given:
648 days from mining profits alone with 1 miner
722 days from mining profits alone with 10 miners
833 days from mining profits alone with 100 miners.

Now I personally believe and this isn't meant to sway an opinion one way or another (But if it does my WTT referral link longs for your click) that given the mindless nature behind this form of mining after 2 years most miners having at current rates approximately 635~ days of pure profit with the token would likely reinvest and get more new miners or begin mining something new.  So given that you have 635 days of pure profit even with the tokens paid for immediately at the start and not taking the long way through it and using only your profit difference to pay for the tokens -- your next set of miners would already have this price reduction in hosting costs, and if you choose to not continue mining well you've paid off your tokens 100% and your miners 100%; you could either rent out your tokens and earn a steady daily income -> calculator on the website, or sell your tokens for at the very least what you paid for them as I don't believe mining will ever truly die to PoS/Masternodes.




(I would be interested in knowing if they buy our miners from us at a point to recycle, or if they would ship them to us for our reselling pleasure)


*Profit without tokens goes up non linearly because if you host a lot of miners you do get a discount hence why the with token profit goes up linearly.

Thanks for the detailed Information bud,
I think the best for me is to just rent them out though, im not interested in mining, yet.

What about trading, will this coin be available on Poloniex?

Money is key
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June 14, 2017, 10:47:24 PM
 #573

What about trading, will this coin be available on Poloniex?

The tokens will be available for trading once they have been issued, several exchanges will list them.
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June 14, 2017, 11:07:17 PM
 #574

Do I understand correctly to make max profit i need to buy WTT tokens + miners right?
But i will not making profit immediately cuz miners will be delivered only after few months (ASIC L3+ Delivery date: Sep 20)

Depends which miner

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June 15, 2017, 01:27:28 AM
 #575

Just 1 day until WTT token price goes up! The new price will be $1.05 per token. Make sure to purchase before 12:00PM Pacific on Friday, June 16.
 
1. Register at Cryptonomos https://cryptonomos.com/signup
2. Add funds to your account in BTC, ETH, or USD
3. Purchase tokens
 
Step by step instructions:
https://medium.com/@Cryptonomos/navigating-the-cryptonomos-website-to-create-an-account-and-purchase-giga-watt-wtt-tokens-113d875d26c2

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June 15, 2017, 01:54:40 AM
 #576

I will use your referral link if you help me to get an answer on this questions:

To make max profit i need to buy WTT tokens + miners right?
I will start mining only when miners will be delivered or it is like immediate cloud mining?
How much WTT i need to buy for 1 L3+ miner?
By buying WTT tokens i make profit only when price will go up (If i sell it) or i will also have some other income from it?
How i understand it will be more profitable to order miner from shop.bitmain and send it to their address (Giga Watt) to be able mining other coins then LTC?
What is Batch and the difference between them 1,2,3,4,5,6?
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June 15, 2017, 02:53:46 AM
 #577

I will use your referral link if you help me to get an answer on this questions:

To make max profit i need to buy WTT tokens + miners right?
-- Maximum profit you do need WTT tokens + the miner, and you do get first dibs on the mining space; as opposed to those without the tokens (who only have a miner) but you do not necessarily need the tokens to be able to mine with giga-watt.
I will start mining only when miners will be delivered or it is like immediate cloud mining?
-- I believe the miners that are sold out are miners they already had in stock, and ready to use such as the btc miner and the panda miner for eth.  They sold out because they were ready to go right at that moment, essentially immediate cloud mining.   In the case of the ltc miner with it arriving on September 30th, you would have to wait unfortunately before mining.
How much WTT i need to buy for 1 L3+ miner?
-- 880 WTT tokens, calculation is done as follows for other mining units they offer:
  Power consumption + % listed underneath power consumption = how many WTT tokens you will need per miner
By buying WTT tokens i make profit only when price will go up (If i sell it) or i will also have some other income from it?
-- If you choose to trade them immediately, you would only make profit when they go up in value.
    If you choose to mine with the tokens/miner combination their value is a cost savings benefit to your mining efforts.
   If you choose to rent your tokens, you will earn money at your specified rental rate; only when the tokens are rented by another miner.
   In my mind the best way to utilize the tokens is as a semi long term investment, mining coins until the miner efficiency is no longer profitable and then either renting the tokens out to other miners or selling them.  At that point it will be quite a challenge deciding because in theory if 2 years is the end of a miner, I still have 48 years of rental capability and passive income.

How i understand it will be more profitable to order miner from shop.bitmain and send it to their address (Giga Watt) to be able mining other coins then LTC?
-- In some cases it may be more profitable ordering the miners yourself and shipping it to them however you have to pay an additional $20 hosting fee which may or may not diminish returns, and would also require shipping costs. 
(I've personally only contacted them about personally ordering pandaminers from pandaminer to ship to them)
My email with their customer support said they are working to offer the ability to mine XMR, ZEC and ETC; but for the time being only offer BTC, LTC and ETH mining.

Hopefully this helps you, let me know if any clarification needs to happen on any of the answers -- and of course always invest responsibly

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June 15, 2017, 03:09:09 AM
 #578

I will use your referral link if you help me to get an answer on this questions:

To make max profit i need to buy WTT tokens + miners right?
-- Maximum profit you do need WTT tokens + the miner, and you do get first dibs on the mining space; as opposed to those without the tokens (who only have a miner) but you do not necessarily need the tokens to be able to mine with giga-watt.
I will start mining only when miners will be delivered or it is like immediate cloud mining?
-- I believe the miners that are sold out are miners they already had in stock, and ready to use such as the btc miner and the panda miner for eth.  They sold out because they were ready to go right at that moment, essentially immediate cloud mining.   In the case of the ltc miner with it arriving on September 30th, you would have to wait unfortunately before mining.
How much WTT i need to buy for 1 L3+ miner?
-- 880 WTT tokens, calculation is done as follows for other mining units they offer:
  Power consumption + % listed underneath power consumption = how many WTT tokens you will need per miner
By buying WTT tokens i make profit only when price will go up (If i sell it) or i will also have some other income from it?
-- If you choose to trade them immediately, you would only make profit when they go up in value.
    If you choose to mine with the tokens/miner combination their value is a cost savings benefit to your mining efforts.
   If you choose to rent your tokens, you will earn money at your specified rental rate; only when the tokens are rented by another miner.
   In my mind the best way to utilize the tokens is as a semi long term investment, mining coins until the miner efficiency is no longer profitable and then either renting the tokens out to other miners or selling them.  At that point it will be quite a challenge deciding because in theory if 2 years is the end of a miner, I still have 48 years of rental capability and passive income.

How i understand it will be more profitable to order miner from shop.bitmain and send it to their address (Giga Watt) to be able mining other coins then LTC?
-- In some cases it may be more profitable ordering the miners yourself and shipping it to them however you have to pay an additional $20 hosting fee which may or may not diminish returns, and would also require shipping costs. 
(I've personally only contacted them about personally ordering pandaminers from pandaminer to ship to them)
My email with their customer support said they are working to offer the ability to mine XMR, ZEC and ETC; but for the time being only offer BTC, LTC and ETH mining.

Hopefully this helps you, let me know if any clarification needs to happen on any of the answers -- and of course always invest responsibly

Thnx bro! ur explanations was very clear for me and helpful, i will invest with ur ref link tomorrow, i need to decide how much to invest in this.
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June 15, 2017, 03:28:03 AM
 #579

I will use your referral link if you help me to get an answer on this questions:

To make max profit i need to buy WTT tokens + miners right?
-- Maximum profit you do need WTT tokens + the miner, and you do get first dibs on the mining space; as opposed to those without the tokens (who only have a miner) but you do not necessarily need the tokens to be able to mine with giga-watt.
I will start mining only when miners will be delivered or it is like immediate cloud mining?
-- I believe the miners that are sold out are miners they already had in stock, and ready to use such as the btc miner and the panda miner for eth.  They sold out because they were ready to go right at that moment, essentially immediate cloud mining.   In the case of the ltc miner with it arriving on September 30th, you would have to wait unfortunately before mining.
How much WTT i need to buy for 1 L3+ miner?
-- 880 WTT tokens, calculation is done as follows for other mining units they offer:
  Power consumption + % listed underneath power consumption = how many WTT tokens you will need per miner
By buying WTT tokens i make profit only when price will go up (If i sell it) or i will also have some other income from it?
-- If you choose to trade them immediately, you would only make profit when they go up in value.
    If you choose to mine with the tokens/miner combination their value is a cost savings benefit to your mining efforts.
   If you choose to rent your tokens, you will earn money at your specified rental rate; only when the tokens are rented by another miner.
   In my mind the best way to utilize the tokens is as a semi long term investment, mining coins until the miner efficiency is no longer profitable and then either renting the tokens out to other miners or selling them.  At that point it will be quite a challenge deciding because in theory if 2 years is the end of a miner, I still have 48 years of rental capability and passive income.

How i understand it will be more profitable to order miner from shop.bitmain and send it to their address (Giga Watt) to be able mining other coins then LTC?
-- In some cases it may be more profitable ordering the miners yourself and shipping it to them however you have to pay an additional $20 hosting fee which may or may not diminish returns, and would also require shipping costs. 
(I've personally only contacted them about personally ordering pandaminers from pandaminer to ship to them)
My email with their customer support said they are working to offer the ability to mine XMR, ZEC and ETC; but for the time being only offer BTC, LTC and ETH mining.

Hopefully this helps you, let me know if any clarification needs to happen on any of the answers -- and of course always invest responsibly

Thnx bro! ur explanations was very clear for me and helpful, i will invest with ur ref link tomorrow, i need to decide how much to invest in this.

No problem, I did several emails with the support asking questions over the course of a few days before investing myself.  Just here to help now  Smiley

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June 15, 2017, 04:29:01 AM
 #580

Thank you to all bounty program participants!

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