What is up with Giga Watt?

[newbquestions]

In theory, they seem like a great place for hosting, but reports are that they are hopelessly delayed. How delayed is that? And what is this about accepting tokens in certain "batches"? I missed the ICO - if I bought tokens now on etherdelta, what "batch" would they be considered and when could I get in?

[buwaytress]

GW is also just a variant of cloudmining, in my opinion. With some differences, I note. Selling power/electricity instead of processing speed. A more transparent, blockchain-based system. But basically the same opportunity of managed Bitcoin mining. They're not a manufacturer, so you have to expect delays in hardware. Those newfangled Bitcoin miners are high in demand, low in supply.

Well, this is what you get when you back projects that raise money to do something new: uncertainty, vastly unreliable and unpredictable events, massive delays, changing terms, and lack of clear information on new developments. Welcome to the real world! Millions of dollars won't change the human elements of a project, especially those of ICOs with small teams who promise a lot, who are never truly prepared for the eventuality of dealing with thousands of clients on a product yet to be tested on that scale.

Perhaps it's time we give businesses with years of track record a chance with ICOs. At the moment, the attraction remains with "new ideas" and "revolutionary solutions" and "disruptions". Pipe dreams are great but be prepared for the rollercoaster ride it surely will be.