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?
Topic: ⚡⛏️[ANN] Giga Watt: Best Home for your Mining. Starts today! - page 112. (Read 203299 times)
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.
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.
Nice project for BTC, ETH, LTC mining 
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?
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?
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+
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+
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?
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?
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?
http://vitalik.ca/general/2017/06/09/sales.html
A very good read about token sale models from Vitalik Buterin, founder of Ethereum
A very good read about token sale models from Vitalik Buterin, founder of Ethereum
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.
Once they contacted me for the purchase it was completed in under an hour.
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) 
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.
What is best now, to take the tokens or the hardware first? I assume the hardware is arriving first....
Some of the hardware was arriving first, some of it much later
What is best now, to take the tokens or the hardware first? I assume the hardware is arriving first....
Well it is a pity the hardware ran out of stock. Even though later the year, the hardware would still be available, and the token less likely, it ponders one mind what to take first. I like the s9 option more though. If there was a discount, these would ran out of stock in no time.
Yes, I'm asking myself the same question. Invest more in tokens or miners? My first thought was that the limiting factor might be the tokens. Now I'm not so sure anymore because I believe many might just want to rent them out. On the other hand the miners are always sold out very quickly. Haven't seen any T9 yet.
My current ratio of distributed funds in Watt is: 3.5 Watt tokens : 1 Watt miner
Maybe we can share this ratio to get a better feeling of this "market".
I have a question regarding the rental fee discount benefit of the tokens:
Say that I have an L3 miner with a power consumption of 880W. I understand that if I have 880 tokens, I can use them to cover the 6.95 cent per kw/h rental fee (9.75c - 2.80c electricity cost on the "Small" plan). But do I need to have at least 880 tokens to get any discount, or do I get a discount proportional to the number of tokens that I have - e.g half the discount (say 3.5c instead of 6.95c) if I have 440 tokens?
Say that I have an L3 miner with a power consumption of 880W. I understand that if I have 880 tokens, I can use them to cover the 6.95 cent per kw/h rental fee (9.75c - 2.80c electricity cost on the "Small" plan). But do I need to have at least 880 tokens to get any discount, or do I get a discount proportional to the number of tokens that I have - e.g half the discount (say 3.5c instead of 6.95c) if I have 440 tokens?
Well it is a pity the hardware ran out of stock. Even though later the year, the hardware would still be available, and the token less likely, it ponders one mind what to take first. I like the s9 option more though. If there was a discount, these would ran out of stock in no time.
No social mesia bounties? Or free coin give aways? 
We have referral program for this:https://bitcointalk.org/index.php?topic=1914900.msg19103130#msg19103130 Hi, thanks for keeping us posted on here. One question I have is that if I want to invest in your tokens that is fine however there is only the S9 miner left for us to order via Giga Watt.
When will others be brought back into stock?
Also if I were to purchase tokens without the miners (because I was holding out for new stock) would a point potentially come where I own tokens but all your space is filled and I am unable to have a miner at your facility?
If you have tokens, there will always be place for you.When will others be brought back into stock?
Also if I were to purchase tokens without the miners (because I was holding out for new stock) would a point potentially come where I own tokens but all your space is filled and I am unable to have a miner at your facility?
B3 we doubt it, but a replacement gpu yes. L3 will be. You should contact [email protected] to be added to list for batch sale invites. You must indicate what miners you are interested in.
No social mesia bounties? Or free coin give aways?
Hi, thanks for keeping us posted on here. One question I have is that if I want to invest in your tokens that is fine however there is only the S9 miner left for us to order via Giga Watt.
When will others be brought back into stock?
Also if I were to purchase tokens without the miners (because I was holding out for new stock) would a point potentially come where I own tokens but all your space is filled and I am unable to have a miner at your facility?
When will others be brought back into stock?
Also if I were to purchase tokens without the miners (because I was holding out for new stock) would a point potentially come where I own tokens but all your space is filled and I am unable to have a miner at your facility?
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