I have some more questions for you.
1)
How does your service apply to NON-US citizen and NON-Green Card holders? Do we need to register a legal entity to use your service?
When I place my own miner or a miner I bought over Giga and mine cryptocurrencies, does that count as an production plant where I fall under US Tax Laws?
Are there exception like double taxation agreements? Or even exceptions for crypto mining itself?
2)
Same question, if I rent out my space (basically this is my WATT Token right), does the physical space the miner will be standing on count as property, where I have income from property leasing/rent income?
If yes, do I need to register as a "landlord".
3)
How will the payout be conducted? What currencies? Do you pay me (having full control of all mined coins) or do I get payed by the mining pool?
4)
Why can't I access my miner via remote access? If I want to re-boot or change pools, I need to be able to.
5)
What happens in the case of a malfunction? What kind of service do you offer as a "One Time Payment"? Do you repair the miners or send them away to the manufacturer.
6)
When I buy with you and you promise 93% uptime and I have a failure in hardware, do you cover the lost income in case you can't fix the problem?
7)
Could you please post your company credentials, registration infos tax number, that we can verify them?
I assume you already worked on the legal issues and you're able to quickly answer them, since you need to think about who your customers shall be.
1. I mean its hard pressed to find a government entity willing to define a price on any crypto asset, since its just magical mystery money; unless you're cashing out but then they're taxing your money.
I don't think you need to register with a legal entity, and technically they don't know where you live so maybe you live in the U.S., maybe you don't. (I am not versed entirely on this section of the law, my skills are elsewhere)
2. As far as I've understood it there will always be a place for you, if you choose to rent your WTT tokens out you're renting them to customers but you can pull them at any moment; and they'll go back to paying full price.
3. Paid by mining pool, however they do control the mining pool. Also they mine the top 3 currencies currently so if you have a BTC asic it will only mine BTC it would not ever be mining LTC, Eth so on and so forth; so if you have the btc asic you would only be receiving BTC.
4. It's currently not an option because all mining power is directed at their pool, but may become one in the future.
5. I think the malfunction is somewhat inclusive in that 93.5% uptime statement; assuming they would send it back to the manufacturer though if it was unfixable.
6. Good question, I don't know this one.
7. This is no guarantee, but I don't think gigawatt would have a tax number currently; since they were megabigpower and are kind of a child company now (new)
*Trying to answer some questions to the best of my capabilities, not affiliated with gigawatt.
**If these answers have helped in any way, or enough -> my referral link is below
