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

[CryptoScotland]

Hi,

Sending a message on behalf of a family member whom had purchased for around $1200 1000 tokens for this project.  Obviously he's now interested in purchasing a Mining Rig to be hosted and run by Cryptonomos.

Can you guys advise how much are the mining rigs and what coins are applicable to be mined on them? 

Thanks

He needs to register on https://gigawatt.sg and provide them with the information used to sign up for WTT purchase on Cryptonomos website.  Once gigawatt.sg recognizes him as a WTT owner he can buy miners at slightly lower prices than on offer to non-WTT owners.  The website https://gigawatt.sg is run by Giga Watt Pte. Ltd., a Singapore subsidiary of Giga Watt, Inc. that buys mining hardware from manufacturers for resale to WTT owners and others.

Here are some mining units gigwatt.sg sells and how many WTT are require to host them (Watts * 1.1 ), though I think the S9 is out of stock now:

Miner	Currency	Delivery	USD Price	Watts	WTT
B3+	ETH	September	$3,290	1,250	1,375
D3	DASH	October	3,499	1,200	1,320
D3	DASH	November	2,199	1,200	1,320
L3+	LTC	Late October	2,399	800	880
S9	BTC	Late October	1,609	1,323	1,456

If he has only 1,000 WTT then he'll need more WTT if he goes with anything other than an L3+.  WTT owners should be able to rent WTT from other WTT owners once Giga Watt makes that functionality available.  I think that'll happen sometime in November 2017.

Evening kaevandus,  Thanks for your prompt reply.

He can purchase more token's that's not a problem as he is very outdated with technology so he's wanting me to help him decide and while I am new not really mined but bought crypto's for long term. 

Can I ask what miner would you recommend?  Any recommendation and is it worth having a miner hosted and maintained by Giga Watt as well?

Would appreciate recommendations as at end of the day it comes down to I guess how many coins can be mined etc.

I shall wait to hear from you.

Thanks

[fancy2973]

At this time, we are not planning a future sale. However once all tokens are distributed, they will be available through Open Exchange.

Then what's the countdown on the main website for?
https://cryptonomos.com/wtt/

The countdown is to the release of the first batch of WTT tokens, according to the text:

1ST BATCH OF TOKENS RELEASE
August 07, 2017

I imagine they'll reset the counter with each batch released.

Do you release the tokens in batches? Why not release all the token like all other coins?

[cryptodv]

I excited about this project, a lot of people slept on Giga Watt or didn't take them serious. Those tokens are going to be the life blood of the Giga Watt Mining Farm, people are going to regret not getting them early. I decided just to buy a miner and not rent them out, there's not that much income from renting at the moment unless you have a mega bag of tokens. Good luck team.

[cuteman]

Congratulations to the Giga-Watt team on successfully raising over 20 million USD in their token sale! 

I join in the congratulations!      Cryptonomos says it's even higher - 22M!

See only 20,789,667

22,010,385  TOKENS TO BE ISSUED       --       https://cryptonomos.com/wtt/

[daylateandadollarshort]

I planned on holding on to my tokens but depending on what you're offering I have 5645 tokens coming in batch 3 and batch 4. Feel free to PM me.

[iGotHope]

I need more WTT tokens. What will be our options in this type of situations?

[Mack007]

I have nothing buy good things to say about this company. Top notch on all levels. Dave Carlson is Gigawatts CEO.  Dave is a legend in the bitcoin mining world (See vid link below).  If you have a miner,  you would be naive not to do business with these guys.

https://www.youtube.com/watch?v=BoT-y5FPoqw

https://www.youtube.com/watch?v=cy28VGFBcyQ

https://youtu.be/XAIJ5D4bugQ

I need more WTT tokens. What will be our options in this type of situations?

If you missed out on the token sale, no biggie. They allow you to rent tokens for a very  very inexpensive price. Gigawatt has a bright future!

[iGotHope]

Ya I'm un-sure about the rent route. I can get booted out if they chose to use their tokens for their own mining rigs. I have not read anywhere how that's gonna work. Like is there a specific time that the rent is lock in X amount of time. Because for example myself. I have 4400 WTT now. I will rent out 2640 of it until I get my rigs in. So when & if I'm ready to use mine. What would happen to my renters rigs?

[Mack007]

Ya I'm un-sure about the rent route. I can get booted out if they chose to use their tokens for their own mining rigs. I have not read anywhere how that's gonna work. Like is there a specific time that the rent is lock in X amount of time. Because for example myself. I have 4400 WTT now. I will rent out 2640 of it until I get my rigs in. So when & if I'm ready to use mine. What would happen to my renters rigs?

Reach out to them  via : host@giga-watt.com 
They've  been extremely  receptive

      John,

Tokens will be rented out to clients at the same rate as GigaWatt offers,  $0.033/ kwh




Thank you,

Customer Support

Giga Wat,, Inc

[AuroraDao]

Interesting project that will hopefully have a solid start in a couple days.

[SaVatin]

At first i missunderstood about the power cost , i thought it was 0.33 usd / kw.  So that's why iam  selingl 5280token
With (3) L3+ in sep. and D3 (2) first batch in sep.


But in fact its 0.033usd / kw.  Lol. Too much space. Between 0.33 to 0.033. (10times)


So now iam really interesting in this project again

[Loperenbits]

One question, the US government will levy taxes on miners? Or will the company only pay taxes? What legislation is in the state where the company is located?

[SaVatin]

Hey guys i just careat a group on Facebook"Gigawatt talk worldwide" for gigawatt holder to talk and discussion
 

[kaevandus]

One question, the US government will levy taxes on miners? Or will the company only pay taxes? What legislation is in the state where the company is located?

The laws in Washington, U.S.A. are not pertinent to you unless you live there or choose to incorporate a company there. If neither then you aren't conducting business or creating taxable events inside the state.

Are you using a legal entity to hold the mining assets, or are the assets your personal property?  If it is just your personal property and you haven't formed a legal entity then taxation is determined by the laws where you reside.  Your mined coins could be treated as assets, income, capital gains, dividends, distributions, or any other categorization invented by the powers that be where you live.

If you formed a legal entity to hold the mining assets then taxation is determined by 1) the laws where the legal entity was incorporated, and 2) the laws where you live.  First, some places tax corporate earnings, dividends, capital gains, etc., and others don't. Second, the method by which you transfer assets from the legal entity to yourself could be a taxable event; it might be considered a dividend or salary depending on where you live.

To further complicate things, you could live in one country and have the legal entity in the other.  That's all sorts of fun.

The best thing you can do is talk to an accounting or tax professional to determine the most tax-efficient way to structure your operation.

[Loperenbits]

Very nice info, I want to invest in criptonomos but Im noob in mining and I dont know if all the profit generated from the miners would be for me if I have my miners there or first the companie have to pay taxes and then give me the profit. I suppose that they send you all the profit and then you can pay taxes in your countrie, or not...

[CryptoScotland]

Hi,

Another question,  If we were to order a miner will you help and set it up if your facility is used and the coin's say deposited into our Jaxx or Exodus Wallets.

What type of coins can be mined at your facilities?  Apart from the major coins what about coins like NEM, XRP IOTA and similar currencies/assets can they be mined.

As the mining hosting facility does seem interesting and hassle free for beginners like us.

Thankx

[Albortz]

Giga has full control of your miners. They set the algorithm they set the pool, the owner of the miner has nothing to do and no power to decide what should happen with his equipment!!!



Also everyone who is looking to place miners there and is not US citizen or green card holder, be aware that you need to register a company in the US because it is already considered a permanent place of production and GIGA is cooperating with the IRS and will tell who the owner is when they ask.

[KGBx]

Giga has full control of your miners. They set the algorithm they set the pool, the owner of the miner has nothing to do and no power to decide what should happen with his equipment!!!



Also everyone who is looking to place miners there and is not US citizen or green card holder, be aware that you need to register a company in the US because it is already considered a permanent place of production and GIGA is cooperating with the IRS and will tell who the owner is when they ask.

Can Giga Watt please confirm if it's true? They should accepted only US citizens for ICO then!

[illispimp]

Anyone interested in selling their excess tokens can PM me. I have enough for 1 miner just want some additional tokens in the event I choose to move to a miner that consumes more power.

[raynman]

Giga has full control of your miners. They set the algorithm they set the pool, the owner of the miner has nothing to do and no power to decide what should happen with his equipment!!!



Also everyone who is looking to place miners there and is not US citizen or green card holder, be aware that you need to register a company in the US because it is already considered a permanent place of production and GIGA is cooperating with the IRS and will tell who the owner is when they ask.

Can Giga Watt please confirm if it's true? They should accepted only US citizens for ICO then!

No need to ask for confirmation from GigaWatt.
That guy is spewing nonsense.