⚡⛏️[ANN] Giga Watt: Best Home for your Mining. Starts today! - page 129.

synthgauge

hero member

Activity: 1150

Merit: 502

Quote from: sirko1993 on May 28, 2017, 06:42:27 AM

Hi,

So what if at some point I want to get out of this investment? Which would mean giving back my tokens and cashing out. Is that a possibility?

Lets say I get 10000 tokens, something changes and I have to cash out, would my tokens be "stuck" with you guys?

U were given the tokens under the condition that u will become their permanent owner with no possibility of giving them back. No money retrieval is possible, ur tokens will always be urs and nobody will be dare enough to refund u. Giga watt economics sucks ass big time, and its sad that noobs got lured in and were coerced into taking part in this sucky investment. The estimation u see in the above post is detached from the ground as its in disagreement with the reality, and u wont yield money if u keep ur tokens and utilize them for mining alts.

sirko1993

newbie

Activity: 6

Merit: 0

Hi,

So what if at some point I want to get out of this investment? Which would mean giving back my tokens and cashing out. Is that a possibility?

Lets say I get 10000 tokens, something changes and I have to cash out, would my tokens be "stuck" with you guys?

Bach21

newbie

Activity: 4

Merit: 0

Hi, I would like to reserve for Thai translation. Thank you.

cryptonomos

member

Activity: 98

Merit: 10

Quote from: minhduc134 on May 26, 2017, 10:22:49 PM

This is such a great ideas for coin miner! How many token will be released?

Max cap is 30000000 WTT tokens.

cryptonomos

member

Activity: 98

Merit: 10

Quote from: PopcornKirby on May 26, 2017, 08:54:30 AM

Quote from: cryptonomos on May 26, 2017, 06:45:02 AM

Quote from: PopcornKirby on May 26, 2017, 01:35:58 AM

If we want to mine Bitcoin for ourselves for example, what would be the payout for 1 year assuming BTC price stays at $2,500 and we have 10,000 tokens?

Giga Watt has a calculator https://giga-watt.com/promo/prices on the website which computes approximate earning within the following year; however it does account increasing mining difficulty, so we wouldn't be able to answer your question with precise number.

Is the "efficiency" (or $14,292) mentioned in the picture below the return from mining? Let's say I have 2,928 tokens, what are the additional costs that I need to bear for mining Ether in the example shown in the picture?

Also, in the picture above, it says that the annual hosting fee is $1,158. However, in the picture below, it shows that the annual hosting fee saving for 2,928 tokens is $1,731. Could you explain the discrepancy?

14292$ is the annual efficiency of miner.
WTT token is an Ethereum token representing the right to use the Giga Watt's facility's capacity, rent-free for 50 years, to accommodate 1 Watt's worth of mining equipment power consumption. Essentially, this is access to professional mining – with an extraordinarily low entrance threshold. In fact, it could be compared to membership in an elite private mining club.
Tokens can be used in two ways: to host your own equipment and to rent out to Giga Watt's customers. If we just rent your tokens are, your income will depend on the rental fee you set (4.2-6.45 ¢/kW/h). Average annual rental income will be 37-57% of the token's initial value (if bought within the first two weeks of sales). If the tokens are used to host your own equipment, you will be able to save 56-66% of mining expenses, thereby increasing your mining income by 36-69% (depending on mining volume). For more detailed estimate please use our calculator at https://cryptonomos.com/wtt/#/calculator

minhduc134

newbie

Activity: 6

Merit: 0

This is such a great ideas for coin miner! How many token will be released?

PopcornKirby

newbie

Activity: 11

Merit: 0

Quote from: cryptonomos on May 26, 2017, 06:45:02 AM

Quote from: PopcornKirby on May 26, 2017, 01:35:58 AM

If we want to mine Bitcoin for ourselves for example, what would be the payout for 1 year assuming BTC price stays at $2,500 and we have 10,000 tokens?

Giga Watt has a calculator https://giga-watt.com/promo/prices on the website which computes approximate earning within the following year; however it does account increasing mining difficulty, so we wouldn't be able to answer your question with precise number.

Is the "efficiency" (or $14,292) mentioned in the picture below the return from mining? Let's say I have 2,928 tokens, what are the additional costs that I need to bear for mining Ether in the example shown in the picture?
http://imgur.com/a/qTcy4

Also, in the picture above, it says that the annual hosting fee is $1,158. However, in the picture below, it shows that the annual hosting fee saving for 2,928 tokens is $1,731. Could you explain the discrepancy?
http://imgur.com/a/kQtYw

cryptonomos

member

Activity: 98

Merit: 10

Quote from: PopcornKirby on May 26, 2017, 01:35:58 AM

If we want to mine Bitcoin for ourselves for example, what would be the payout for 1 year assuming BTC price stays at $2,500 and we have 10,000 tokens?

Giga Watt has a calculator https://giga-watt.com/promo/prices on the website which computes approximate earning within the following year; however it does account increasing mining difficulty, so we wouldn't be able to answer your question with precise number.

bozton

sr. member

Activity: 295

Merit: 250

I love this project and I want to join.

PopcornKirby

newbie

Activity: 11

Merit: 0

If we want to mine Bitcoin for ourselves for example, what would be the payout for 1 year assuming BTC price stays at $2,500 and we have 10,000 tokens?

blueheunz

newbie

Activity: 53

Merit: 0

wait for socmed bounty Grin

cryptonomos

member

Activity: 98

Merit: 10

Quote from: xcajun21 on May 25, 2017, 11:11:02 AM

Cool beans.

How does it work though? I don't Understand? It's a token as well as a coin and a renting service?

You are buying WTT token. WTT token is an Ethereum token representing the right to use the Giga Watt's facility's capacity, rent-free for 50 years, to accommodate 1 Watt's worth of mining equipment power consumption. Essentially, this is access to professional mining – with an extraordinarily low entrance threshold. In fact, it could be compared to membership in an elite private mining club.

Tokens can be used in two ways: to host your own equipment and to rent out to Giga Watt's customers. If we just rent your tokens are, your income will depend on the rental fee you set (4.2-6.45 ¢/kW/h). Average annual rental income will be 37-57% of the token's initial value (if bought within the first two weeks of sales). If the tokens are used to host your own equipment, you will be able to save 56-66% of mining expenses, thereby increasing your mining income by 36-69% (depending on mining volume). For more detailed estimate please use our calculator at https://cryptonomos.com/wtt/#/calculator

cryptonomos

member

Activity: 98

Merit: 10

Quote from: Roselop on May 25, 2017, 09:49:53 AM

Quote from: cryptonomos on May 25, 2017, 08:51:15 AM

Quote from: chip1982 on May 24, 2017, 02:24:43 PM

Hi there,

I have some additional questions:

1.) The 2,8 cents/kWh is that a secured price and if yes for how long? I am asking because the electricity cost is of courese a major factor in any calculation and if we calculate for the long run the 2,8 cents/KWh may leed to a misdirection.

2.) Do we get an exact calculation of our payouts on a daily or monthly basis? The payouts might not match our calculations and it would be nice to compare the numbers.

3.) Is the exact usage of time for the tokens accounted? Let's assume I have 1500 tokens and I start mining. Then after 3 years the market condictions turn very unfavorable and I stop mining and do nothing. After 1 year waiting I start mining again. Does that represent a usage of 4 years on my tokens? Or is the none usage of one year then ignored and it accounts for 3 years of usage?

Any comments are highly welcomed.

Thanks
chip1982

1)2,8 cents/kWh is secured price. It can rise only when the energy supplier will raise prices but this is not profitable for them because they are interested in our development.

2) Mining profit calculator:https://giga-watt.com/promo/prices
WTT token profit calculator:https://cryptonomos.com/wtt/calculator

3)It will count as 4 years but tokens can be used in two ways: to host your own equipment and to rent out to Giga Watt's customers. If we just rent your tokens are, your income will depend on the rental fee you set (4.2-6.45 ¢?/kW/h). Average annual rental income will be 37-57% of the token's initial value (if bought within the first two weeks of sales). If the tokens are used to host your own equipment, you will be able to save 56-66% of mining expenses, thereby increasing your mining income by 36-69% (depending on mining volume). For more detailed estimate please use our calculator at https://cryptonomos.com/wtt/#/calculator

I have just read these comment about this project and I can recognize this is a interesting project for my investment .
I will watch it and consider to join this project but if I bought this product and mined it on your farm then I want to take it to my house so May I have it delivered to my house and how long can I get this miner?

Miner will be sent to you by mail.Delivery date depends on where you you live.

chip1982

full member

Activity: 204

Merit: 101

Hi Cryptonomos,

thank you for your support. One last theoretcial question:

Let's assume I run 3 miners. My neighbor is better off and runs 7 miners. Are we allowed to join our forces?

Together we would have 10 miners which would qualify for the medium hosting plan and in essence that would mean a benefit of 9.75 - 9.0 = 0.75 c/kWh in hosting costs.

Thanks
chip1982

xcajun21

sr. member

Activity: 742

Merit: 252

Cool beans.

How does it work though? I don't Understand? It's a token as well as a coin and a renting service?

Roselop

full member

Activity: 168

Merit: 100

Quote from: cryptonomos on May 25, 2017, 08:51:15 AM

Quote from: chip1982 on May 24, 2017, 02:24:43 PM

Hi there,

I have some additional questions:

1.) The 2,8 cents/kWh is that a secured price and if yes for how long? I am asking because the electricity cost is of courese a major factor in any calculation and if we calculate for the long run the 2,8 cents/KWh may leed to a misdirection.

2.) Do we get an exact calculation of our payouts on a daily or monthly basis? The payouts might not match our calculations and it would be nice to compare the numbers.

3.) Is the exact usage of time for the tokens accounted? Let's assume I have 1500 tokens and I start mining. Then after 3 years the market condictions turn very unfavorable and I stop mining and do nothing. After 1 year waiting I start mining again. Does that represent a usage of 4 years on my tokens? Or is the none usage of one year then ignored and it accounts for 3 years of usage?

Any comments are highly welcomed.

Thanks
chip1982

1)2,8 cents/kWh is secured price. It can rise only when the energy supplier will raise prices but this is not profitable for them because they are interested in our development.

2) Mining profit calculator:https://giga-watt.com/promo/prices
WTT token profit calculator:https://cryptonomos.com/wtt/calculator

3)It will count as 4 years but tokens can be used in two ways: to host your own equipment and to rent out to Giga Watt's customers. If we just rent your tokens are, your income will depend on the rental fee you set (4.2-6.45 ¢/kW/h). Average annual rental income will be 37-57% of the token's initial value (if bought within the first two weeks of sales). If the tokens are used to host your own equipment, you will be able to save 56-66% of mining expenses, thereby increasing your mining income by 36-69% (depending on mining volume). For more detailed estimate please use our calculator at https://cryptonomos.com/wtt/#/calculator

I have just read these comment about this project and I can recognize this is a interesting project for my investment .
I will watch it and consider to join this project but if I bought this product and mined it on your farm then I want to take it to my house so May I have it delivered to my house and how long can I get this miner?

chip1982

full member

Activity: 204

Merit: 101

Quote from: cryptonomos on May 25, 2017, 08:51:15 AM

Quote from: chip1982 on May 24, 2017, 02:24:43 PM

Hi there,

I have some additional questions:

1.) The 2,8 cents/kWh is that a secured price and if yes for how long? I am asking because the electricity cost is of courese a major factor in any calculation and if we calculate for the long run the 2,8 cents/KWh may leed to a misdirection.

2.) Do we get an exact calculation of our payouts on a daily or monthly basis? The payouts might not match our calculations and it would be nice to compare the numbers.

3.) Is the exact usage of time for the tokens accounted? Let's assume I have 1500 tokens and I start mining. Then after 3 years the market condictions turn very unfavorable and I stop mining and do nothing. After 1 year waiting I start mining again. Does that represent a usage of 4 years on my tokens? Or is the none usage of one year then ignored and it accounts for 3 years of usage?

Any comments are highly welcomed.

Thanks
chip1982

1)2,8 cents/kWh is secured price. It can rise only when the energy supplier will raise prices but this is not profitable for them because they are interested in our development.

2) Mining profit calculator:https://giga-watt.com/promo/prices
WTT token profit calculator:https://cryptonomos.com/wtt/calculator

3)It will count as 4 years but tokens can be used in two ways: to host your own equipment and to rent out to Giga Watt's customers. If we just rent your tokens are, your income will depend on the rental fee you set (4.2-6.45 ¢/kW/h). Average annual rental income will be 37-57% of the token's initial value (if bought within the first two weeks of sales). If the tokens are used to host your own equipment, you will be able to save 56-66% of mining expenses, thereby increasing your mining income by 36-69% (depending on mining volume). For more detailed estimate please use our calculator at https://cryptonomos.com/wtt/#/calculator

Many thanks. And congratulations to your project.

cryptonomos

member

Activity: 98

Merit: 10

Quote from: chip1982 on May 24, 2017, 02:24:43 PM

Hi there,

I have some additional questions:

1.) The 2,8 cents/kWh is that a secured price and if yes for how long? I am asking because the electricity cost is of courese a major factor in any calculation and if we calculate for the long run the 2,8 cents/KWh may leed to a misdirection.

2.) Do we get an exact calculation of our payouts on a daily or monthly basis? The payouts might not match our calculations and it would be nice to compare the numbers.

3.) Is the exact usage of time for the tokens accounted? Let's assume I have 1500 tokens and I start mining. Then after 3 years the market condictions turn very unfavorable and I stop mining and do nothing. After 1 year waiting I start mining again. Does that represent a usage of 4 years on my tokens? Or is the none usage of one year then ignored and it accounts for 3 years of usage?

Any comments are highly welcomed.

Thanks
chip1982

1)2,8 cents/kWh is secured price. It can rise only when the energy supplier will raise prices but this is not profitable for them because they are interested in our development.

2) Mining profit calculator:https://giga-watt.com/promo/prices
WTT token profit calculator:https://cryptonomos.com/wtt/calculator

3)It will count as 4 years but tokens can be used in two ways: to host your own equipment and to rent out to Giga Watt's customers. If we just rent your tokens are, your income will depend on the rental fee you set (4.2-6.45 ¢/kW/h). Average annual rental income will be 37-57% of the token's initial value (if bought within the first two weeks of sales). If the tokens are used to host your own equipment, you will be able to save 56-66% of mining expenses, thereby increasing your mining income by 36-69% (depending on mining volume). For more detailed estimate please use our calculator at https://cryptonomos.com/wtt/#/calculator

chip1982

full member

Activity: 204

Merit: 101

Hi there,

I have some additional questions:

1.) The 2,8 cents/kWh is that a secured price and if yes for how long? I am asking because the electricity cost is of courese a major factor in any calculation and if we calculate for the long run the 2,8 cents/KWh may leed to a misdirection.

2.) Do we get an exact calculation of our payouts on a daily or monthly basis? The payouts might not match our calculations and it would be nice to compare the numbers.

3.) Is the exact usage of time for the tokens accounted? Let's assume I have 1500 tokens and I start mining. Then after 3 years the market condictions turn very unfavorable and I stop mining and do nothing. After 1 year waiting I start mining again. Does that represent a usage of 4 years on my tokens? Or is the none usage of one year then ignored and it accounts for 3 years of usage?

Any comments are highly welcomed.

Thanks
chip1982

cryptoworldwide

sr. member

Activity: 770

Merit: 250

"Proof-of-Asset Protocol"

Admin, I am waiting for your reply. Please answer all questions.

Quote from: cryptoworldwide on May 23, 2017, 05:16:47 AM

So My understanding To Mine with Panda we need to pay US$2664 for equipment + US$1250 for WW or buy this amount of token+ per day rent charge, as a token holder you will get waive of rent charge and hosting fee pls clarify?

pls also confirm what would be production capacity per day so we can calculate approximate return on investment?

Also, confirm how much electricity and other charges you will deduct each day to run this panda?

is there any option we can go for rent equipment from you rather than healthy investment in equipment?

What will happen if I have less Token of 1250 watt how can I run mining of 1250 WW?

From my understanding being token holder you are buying rent and hosting charges nothing else.

Your reply on each specific question would highly appreciate and I believe it will also help other members to justify the investment into this project.

Quote from: cryptonomos on May 23, 2017, 03:28:31 AM

Quote from: owldeveloper on May 23, 2017, 01:36:27 AM

@cryptonomos Please confirm.
To setup ETH miner.
I will need to first pay you $2,664 and buy $1375 WTT tokens and then pay 0.23 cents per day to run and maintain the miner.

Yes, you are right.

Quote from: owldeveloper on May 23, 2017, 01:36:27 AM

What if after six months I don't want to mine. I know I can rent my token. What about the miner cost $2664 that I paid you?

2664$ is the price of miner. Miner belongs to you.

Quote from: owldeveloper on May 23, 2017, 01:36:27 AM

ETH is soon going to use POS model. Will you switch miner to mine other coins later?

Yes, you can switch miner to mine other coins.

Topic: ⚡⛏️[ANN] Giga Watt: Best Home for your Mining. Starts today! - page 129. (Read 203299 times)