⚡⛏️[ANN] Giga Watt: Best Home for your Mining. Starts today!

[Mrbates]

This is a nice project, but looks like they are not going to get all the money they wanted, possibly can make batch 3 done only.

Still 45 days left, but I think the price fluctuations and potential flippening (as well as miners being sold out is adding together to make people unsure about mining)

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[ZedZedNova]

I'm in the queue. Earlier today I ordered an L3+ for delivery in September. Process was pretty smooth, though there was a lag from when I used https://giga-watt.com/promo/prices to initiate the purchase until the sales team contacted me. I paid in BTC, so I ended up paying about 0.1 BTC more, but in fiat it's the same price.

Once they contacted me for the purchase it was completed in under an hour.

[s@t0sh!]

http://vitalik.ca/general/2017/06/09/sales.html

A very good read about token sale models from Vitalik Buterin, founder of Ethereum

[Zerotenine]

I think,it will not be profitable to mine bitcoins after one year,so project is designet so what people will need to buy new and new tokens to have profits.I'm right?

[sjd88]

So a couple of questions about the capacity of the operation.

You state that there are 3 units already in operation (1MW, 1MW, 0.25MW) and a 0.75MW under construction, which is the first giga pod. If could you clarify what you mean by 3 units already in operation? As far as I can see you are building your first one, or am I wrong?  From what I have seen on social media you only have one giga pod being built at the moment and I have not seen pictures of the 3 you have in operation at that location.

On your time line you state there is a expansion of the unit. Which unit and why?

[xcajun21]

Depends on the view. With Giga factory will be for long time on the plus sign. Obviously someone did not read the campaign promo.

1000 kwh is one mw, even though it seeks they would not reach the goal, is no little project. In perspective one ethereum rig with 6 cards takes from 800W+

[mesnia]

So I just purchased the WTT ICO. I have the most basic question.

1. When can I start renting out or start using the token for mining myself?
2. If i want to use the WTT token to mine myself what do I need to do? Do I need to purchase the mining hardware ?
3. Say I purchase the L3+ ASIC miner with power consumption of 800W and I only have 500W GTT Token? Does this mean I cannot mine to L3+'s full potential? Basically do i need to own 800W GTT token to mine with 800W rated L3+ miner?

4. Would I be able to change the coin I mine in the future? Say I purchased ASIC S9 to mine Bitcoin for now. 5 months later I decided I want to mine Litecoin. Can i change my mining preferences with the the hardware I currently owned (S9 ASIC)?

or do I absolutely fail to understand how it works?

[clix5]

Nice project for BTC, ETH, LTC mining 

[Mrbates]

So I just purchased the WTT ICO. I have the most basic question.

1. When can I start renting out or start using the token for mining myself?
After the ico ends
2. If i want to use the WTT token to mine myself what do I need to do? Do I need to purchase the mining hardware ?
Yes
3. Say I purchase the L3+ ASIC miner with power consumption of 800W and I only have 500W GTT Token? Does this mean I cannot mine to L3+'s full potential? You should in theory be mining at full potential but you would be paying mixed hosting fees, needs a 100% answer from support though.
 do i need to own 800W GTT token to mine with 800W rated L3+ miner?
880 would be the recommended/required amount in total.
4. Would I be able to change the coin I mine in the future? Say I purchased ASIC S9 to mine Bitcoin for now. 5 months later I decided I want to mine Litecoin. Can i change my mining preferences with the the hardware I currently owned (S9 ASIC)?
 Its two different mining algorithms so no, the eth miner would be able to mine xmr, zec, and etc though when it is supported.

or do I absolutely fail to understand how it works?
Only slightly but not too bad.

[unbalancedeq]

So if I buy 1000 tokens I can host/mine with hardware that consumes roughly 1000W of electricity and I do not have to pay any extra fees (for example for electricity)? With buying tokens I am prepaying for hosting and electricity costs?

Will the token be tradeable on a crypto market?

[bosian]

My $505 investment has turned into a $616.35 value.

lol, this is nice investment, but only on paper for you to be happy. The moment of the truth is when it hits the exchange. It may come with $2 or $0.5, who knows.

[michelem]

No social mesia bounties? Or free coin give aways?

We have referral program for this:https://bitcointalk.org/index.php?topic=1914900.msg19103130#msg19103130

Could you add the info about how much people we have referred and how much tokens we got in the dashboard?

[bismarck2008]

I deposit 1 eth my giga watt eth address, and its transaction was done normally.
But i cant buy a giga watt token with error code 'incorrect price_id'
How can i solve this?

[chip1982]

So if I buy 1000 tokens I can host/mine with hardware that consumes roughly 1000W of electricity and I do not have to pay any extra fees (for example for electricity)? With buying tokens I am prepaying for hosting and electricity costs?

Will the token be tradeable on a crypto market?

No. The token only represents a rental fee reduction. You must pay the electricity fee, the maintenance fee and of course the miner extra.

[unbalancedeq]

Oh i see. What about trading? Can the token be traded?

[Elkmar]

I did not fully understand what is this token offering.

If I buy 2000$ I have 2000 tokens, what does it enable me to do with it concretly except trading  ?

[xcajun21]

I did not fully understand what is this token offering.

If I buy 2000$ I have 2000 tokens, what does it enable me to do with it concretly except trading  ?

Rent your tokens to other who bought or have hardware. This is one point I am taking into account. If btc might hit 10.000 next year... I can rent the tokens or give it away. On the other hand, the prospect of LTC and BTC mining is an ace.

[chip1982]

Oh i see. What about trading? Can the token be traded?

The white paper indicates a trading possibility:
.....no listing will be    placed on third party exchanges until all WTT tokens sold   through the Token Launch are distributed.

[Lucas Johannesburg]

I emailed them to inquire if the tokens will be trade-able on the open exchanges. They emailed me back saying that they aim to have the tokens on the exchanges approximately three months after all tokes are sold and distributed...

Food for thought.,..

[N1CKH0LAS]

I emailed them to inquire if the tokens will be trade-able on the open exchanges. They emailed me back saying that they aim to have the tokens on the exchanges approximately three months after all tokes are sold and distributed...

Food for thought.,..

Quote from the White Paper:
"New batches of tokens will be issued in step with the construction of new facilities.To ensure the advantage for the Token  Launch
participants,  no  listing will  be  placed on  third  party exchanges until all WTT tokens sold through the Token Launchare distributed."

The last facility that would be built is "November 15, 2017: 3 Giga Pods completed, 4.2 MW"

So, their answer makes sense since the ICO ends pretty much at the beginning of August, thus it should take 3, maybe 3.5 months till everything is physically constructed, which is when the tokens should be listed on 3rd party exchanges.