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

[YGung]

I found this on Telegram:

https://www.silvermillerlaw.com/uncategorized/2017/12/28/silver-miller-sues-giga-watt-inc-ico-class-action-blockbuster/

I know nothing about US law but can't believe this is promising for SilverMIller.

Great  This nightmare is only getting worse. The part about Tokens being a security, and Giga-Watt breaking the law with possible actions by SEC is very interesting. 

They are being sued! Good luck Giga-Watt and especially Dave Carlson, if they weren´t so incompetent, it could have been on of the best ICOs out there


People still waiting on Batch1 mners! 7 Months after payment. They still not even half way on their timeline... Tokens not getting rented out.

Only one positive note, they update their dashboard for users, so now it´s not extremely crappy and useless.

   

   Wowsers...first and foremost, nice find.

This is kinda crazy, this doesn't necessarily spell WTT's demise automatically, but these kinda things def don't help.  Even when you (WTT) win a class action suit it can still be a financial drain.  These kind of things will happen when you overpromise and underdeliver in business. 

Welp, if you still believe in this thing, the prices may be coming down in the near future .  I for one haven't given up hope on this thing.  While I sympathize with investors that have been led on for months on end, this project still has upside if they can finish this before they go bankrupt (lol).  They'll definitely have to repair their relationship with consumers, but money hungry miners will love WTT when it's fully operational.

You have to wonder though, considering all of the things that WTT hasn't factored into their planning, how much more in the future have they left out that will cause them to stagnate at times?  One can only hope they'll be much more critical of planning and development going forward or these kind of delays and problems will persist.

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[jambo110]

All this FUD was exactly the same when genesis mining started. Now them fudsters are where ? 

[CryptoPedro]

GigaWatt tokens are the DEFINITION of a utility token. I'm 100% sure this lawsuit will go nowhere. WTT tokens are tied DIRECTLY to power provided for mining rigs, and is currently up and running as a utility token for those of you lucky enough to have rigs deployed already. On top of that, they are required to hold excess WTT in escrow until they have the matching power up and running to support it, which is why the latest batches are taking so long.

FUD all you want, I'm confidant GigaWatt will be a premier mining provider going forward.

[YGung]

GigaWatt tokens are the DEFINITION of a utility token. I'm 100% sure this lawsuit will go nowhere. WTT tokens are tied DIRECTLY to power provided for mining rigs, and is currently up and running as a utility token for those of you lucky enough to have rigs deployed already. On top of that, they are required to hold excess WTT in escrow until they have the matching power up and running to support it, which is why the latest batches are taking so long.

FUD all you want, I'm confidant GigaWatt will be a premier mining provider going forward.

That's one way to look at it...but you still have people that purchased it under the premise that they are guaranteed to receive passive income by renting the tokens out, so I don't see why you would be so confident one way or the other.

All Gigawatt had to do was refund the entity that requested the refund and they probably wouldn't even be dealing with this.  They have verbiage in the whitepaper that explains they will refund based on certain circumstances, and those circumstances likely apply in this scenario.  Now this thing is slowballing, and there are def scenarios where this could become a nuisance.

[cuteman]

Got my batch 4 tokens & immediately started getting them rented out. I've also started earning little less than 24 hrs. Is there a way to change the crypto address where the payment will be sent out? I don't recognise those address on the dashboard at all.  I did asked support when I can send them my own miners. They responded Late March or early April. I don't see why I can't send them my own miners NOW since I can rent my WTT tokens & NOT all of my WTT tokens being utilised as I am writing.

Yes, you can change payment address on the dashboard.  Press any coin symbol, and then press SEND, and then put your address into Wallet section, like on the picture  here:

[cuteman]

I did asked support when I can send them my own miners. They responded Late March or early April. I don't see why I can't send them my own miners NOW since I can rent my WTT tokens & NOT all of my WTT tokens being utilised as I am writing.

They have a long waiting list for the current customers with miners bought from Giga-Watt, so they don't accept other miners.  They plan to finish deployment of the queue somewhere in March i think, and after this will resume accepting other miners.

[cuteman]

All this FUD was exactly the same when genesis mining started. Now them fudsters are where ? 

Totally agree.  Delays are painfull, but Gigawatt is a Pioneer in this type of hosting.   Can anybody name another company carrying out same complicated hosting model, without delays?   

[cuteman]

GigaWatt tokens are the DEFINITION of a utility token. I'm 100% sure this lawsuit will go nowhere. WTT tokens are tied DIRECTLY to power provided for mining rigs, and is currently up and running as a utility token for those of you lucky enough to have rigs deployed already. On top of that, they are required to hold excess WTT in escrow until they have the matching power up and running to support it, which is why the latest batches are taking so long.

FUD all you want, I'm confidant GigaWatt will be a premier mining provider going forward.

Hope so!  Otherwise this lawsiut may impact gigawatt badly.  Those who raised the lawsuit will only spend big money on the lawyers. I am sure.

An yes, GW should increase the quality of customers' support.

[Grandmaster Nitemare]

Has anybody sold or bought WTT @ HitBTC, or is this just a contract traded there?

[cuteman]

Has anybody sold or bought WTT @ HitBTC, or is this just a contract traded there?

WTT tokens that HitBTC sells - are IOY (I owe you) - which are futures, and there is no information when they will release them.   Maybe in April, after Giga watt completes all facilities.   If you buy, you will not be able to withdraw for unknown period of time.

HitBTC support is awfull, they simply don't reply on question When wtt will be released.

[Dopert]

Has anybody sold or bought WTT @ HitBTC, or is this just a contract traded there?

WTT tokens that HitBTC sells - are IOY (I owe you) - which are futures, and there is no information when they will release them.   Maybe in April, after Giga watt completes all facilities.   If you buy, you will not be able to withdraw for unknown period of time.

HitBTC support is awfull, they simply don't reply on question When wtt will be released.

Hitbtc is downgrading exchange. They put wallet maintance on hot dealing moments and steal airdrops from coins. 

[Dopert]

I found this on Telegram:

https://www.silvermillerlaw.com/uncategorized/2017/12/28/silver-miller-sues-giga-watt-inc-ico-class-action-blockbuster/

I know nothing about US law but can't believe this is promising for SilverMIller.

Great  This nightmare is only getting worse. The part about Tokens being a security, and Giga-Watt breaking the law with possible actions by SEC is very interesting. 

They are being sued! Good luck Giga-Watt and especially Dave Carlson, if they weren´t so incompetent, it could have been on of the best ICOs out there


People still waiting on Batch1 mners! 7 Months after payment. They still not even half way on their timeline... Tokens not getting rented out.

Only one positive note, they update their dashboard for users, so now it´s not extremely crappy and useless.

   

What law do they break if tokens are a security? People just have to thier taxs and GigaWatt just have to coorperate.

Maybe skip the renting out idea. Dont like it anyway, low reveanu and need monitoring. Better policy for unused tokens is exchange them or Gigawatt will claim them back for initial price.

[server]

Please do vote!

https://bitcointalk.org/index.php?topic=2683096.msg27404713#msg27404713

[jambo110]

I voted "No" i do not think they are a scam.

[server]

I voted "No" i do not think they are a scam.

I feel scammed but I'm not sure that they are doing this on purpose.

[Dopert]

Don't think the project was prepered for all law terms between utility token or security token. It was a little gray erea. When project was initiated a lot off Fintech ICO just went for buniness.

It is not professional, i know. It also the fault of the goverment and SEC. They are responsible to outline the rules and not to point out how business must be down, after informing. So SEC look in the mirror and let it go for early bird companies and be pleased with all the free lessons taken. Make a quick deal and let it go.  

Sinds this year IRC section 1031 interpertation states that all crypto swaps are short term gains. Looks like they also claim all tokens are securities and utility tokens does not excist ... so GigaWatt better team up with Fintech companies that have same problem.

And get my L3+ miner up and running! My batch; my miner was before the SEC lawsuit, go play later.

[d3nz]

I voted "No" i do not think they are a scam.

I feel scammed but I'm not sure that they are doing this on purpose.

I think Giga-Watt will not scam us. Maybe they just maintaining the functionality and development of their Mining program.

We cannot just accused them not just because they are not making an update of it.

As of now remaining PODs is not yet complete, I will expect that a huge difference of value after they completed it.

[bitcoinguy140]

Scam.  Don't be nieve and do your own due diligence.  Everyone in the mining space knows whats really going on.

[goldminerperm]

Is the project currently operational? is there any plan for 2018 and beyond?
Developments that are available can not just disappear, so if the work is not being done, on which project does the team work?

[Ralex999]

What was it?