⚡⛏️[ANN] Giga Watt: Best Home for your Mining. Starts today! - page 16.

cuteman

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Merit: 102

Bitcoin Mining Giant Bitmain Sets Up Secret mining facilities close to Giga Watt

While nothing has been stated publicly by Bitmain, the bitcoin mining hardware producer appears be connected to a new company called Ant Creek, LLC, that, reports say, is trying to build mining facilities in Washington state.

https://www.coindesk.com/bitmain-reportedly-developing-mining-facilities-in-pacific-northwest/

cuteman

full member

Activity: 392

Merit: 102

Quote from: Jayjay04 on March 16, 2018, 12:22:56 PM

http://cryptomining-blog.com/9559-you-may-want-to-stay-away-from-giga-watts-services/

Get your shit together guys !
This is not a very good publicity !

There is a huge quantity of ICOs which were pure scams, or failed to launch a product which they promised. Here we see big delays which is annoying but finally miners start mining , so at least this is a real project.

Jayjay04

legendary

Activity: 1364

Merit: 1000

http://cryptomining-blog.com/9559-you-may-want-to-stay-away-from-giga-watts-services/

Get your shit together guys !
This is not a very good publicity !

CryptoPedro

full member

Activity: 187

Merit: 100

Quote from: cuteman on March 16, 2018, 07:05:23 AM

Quote from: lissics on March 14, 2018, 04:43:52 AM

When next batch of tokens will be issued? I invested in June 2017, still no tokens!

All tokens have been already issued end of February! Go to cryptonomos site and you should see them, and you can transfer the tokens from there to GW account if you wish.

Thanks for the tip. I just checked and I can confirm that my batch 4 tokens from last July are now unlocked on Cryptonomos, and I can send them to my gigawatt hosting account. I wasn't expecting that until April! It even included the additional 10% tokens they promised us for the delay.

Still waiting on my miners to be deployed though. Every month I send them an email and every month They say it will just be a few more weeks.

cuteman

full member

Activity: 392

Merit: 102

Quote from: lissics on March 14, 2018, 04:43:52 AM

When next batch of tokens will be issued? I invested in June 2017, still no tokens!

All tokens have been already issued end of February! Go to cryptonomos site and you should see them, and you can transfer the tokens from there to GW account if you wish.

cuteman

full member

Activity: 392

Merit: 102

Quote from: ice18 on March 05, 2018, 12:55:10 AM

This project still alive or dead? I cant see any updates on social media there is a huge demand in this kind of mining facilities but looks like no any good news from devs?

Alive, but they don't need to advertise it, or to "develop" in any kind of this sence. They sold all tokens they wanted, and won't expand mining facilities, so they don't need new customers, in fact.

cuteman

full member

Activity: 392

Merit: 102

Quote from: ZedZedNova on March 01, 2018, 11:12:38 PM

assuming that you have sufficient WTT tokens to cover the power usage (1500 watts + 10% = 1650 WTT needed).

At today's rates (which are pretty much guaranteed to change for the worse), the D3 would take over 1,000 days (2.77 years) to ROI, and the Alpha 200 would take ~265 days (ETH), ~450 days (ZEC), ~309 days (ETC) to ROI. Assuming that ETH is still planning to switch from POW (Proof of Work) to POS (Proof of Stake), but because we don't know when, maybe 260 days is OK, or maybe not.

You are correct, current mining earnings are too low comparing with miners' prices. But in the next few monthes situation may change a lot , with final mass adoption.

Dopert

full member

Activity: 350

Merit: 100

For me it is not clear how Giga Watt connect demand and supply of WTT rent, because you can cancel your rent out tokens (no fixed timeframe). So rentel profits depends on the business handeling of Giga Watt.

It is like revenue over your investment, just like mining. Next year i will fill in a tax form to the IRS like a nauteral/individuel person abroad USA having a long term gain investment. So i will keep mining profits and rental payout for more then a year. That is fair and best option in my opion. Other wise it is short term gaining (income).

Hope the IRS sees it also in this perspective Huh

ZedZedNova

sr. member

Activity: 475

Merit: 265

Ooh La La, C'est Zoom!

Quote from: GlobalProtection on March 14, 2018, 11:09:53 AM

Quote from: d3nz on March 14, 2018, 06:17:07 AM

I don't know why Giga-Watt is not using our 100% WTT token to mine on their system.

It is possible that there are more tokens right than there are miners installed to handle all of the tokens. That is why Giga Watt has to spread the miners among all the token holders. As they build more pods and expand, and more miners are installed, then eventually 100% of the tokens will be used? Does that make sense?

Cool

I suspect that this is exactly the situation, but I'll temper that thought with the caveat of "for a given token rental rate." What I mean is that if I had a way to say, "please rent all of my tokens regardless of the token rental rate," and Giga-Watt could do that, then I suspect that 100% of my available tokens would be rented. The percentage that would not be rented would be the ones used for my L3+.

GlobalProtection

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Quote from: d3nz on March 14, 2018, 06:17:07 AM

I don't know why Giga-Watt is not using our 100% WTT token to mine on their system.

It is possible that there are more tokens right than there are miners installed to handle all of the tokens. That is why Giga Watt has to spread the miners among all the token holders. As they build more pods and expand, and more miners are installed, then eventually 100% of the tokens will be used? Does that make sense?

Cool

d3nz

sr. member

Activity: 1372

Merit: 264

Quote from: ZedZedNova on March 14, 2018, 12:17:51 AM

Quote from: d3nz on March 13, 2018, 05:30:11 AM

Actually, if you have WTT token then you can earn LTC, DASH, BTC, and ETH. But, it would take time to get your ROI.

Maybe. What you earn depends on who needs to rent WTT and what they are mining. The WTT I rent earn me some of each of those, but what coins and how much of those coins I earn varies from day to day. It used to be that Bitcoin was the most prevalent, but recently I have been earning more Dash. ETH has dropped off quite a bit

Yeah, that's correct. It really depends on what we are mining and as you can see that, not all WTT tokens that we have are on mining system. GigaWatt system only uses roughly 70% of our token and remaining 30% is no use at all.

I don't know why Giga-Watt is not using our 100% WTT token to mine on their system.

lissics

member

Activity: 73

Merit: 10

When next batch of tokens will be issued? I invested in June 2017, still no tokens!

ZedZedNova

sr. member

Activity: 475

Merit: 265

Ooh La La, C'est Zoom!

Quote from: d3nz on March 13, 2018, 05:30:11 AM

Actually, if you have WTT token then you can earn LTC, DASH, BTC, and ETH. But, it would take time to get your ROI.

Maybe. What you earn depends on who needs to rent WTT and what they are mining. The WTT I rent earn me some of each of those, but what coins and how much of those coins I earn varies from day to day. It used to be that Bitcoin was the most prevalent, but recently I have been earning more Dash. ETH has dropped off quite a bit

d3nz

sr. member

Activity: 1372

Merit: 264

Quote from: ZedZedNova on March 13, 2018, 12:18:08 AM

Quote from: inspiredinvestor on March 02, 2018, 04:07:05 AM

what about litecoin?
I am happy with renting out my token! I love passive returns!

What about Litecoin? right now it doesn't appear that Giga-Watt has any Litecoin miners for sale. In the past Giga-Watt had available the Bitmain L3+ miner for Litecoin, which is an ASIC based miner, but it is no longer listed on their miner purchase website. If the miner doesn't appear on their website, it likely means that they do not have any in stock, and do not know when they can get more from Bitmain.

Mining Litecoin with a GPU is a waste of time and electricity. For a while CPUs and GPUs worked well, but these days neither a CPU nor a GPU can hash fast enough to earn much Litecoin.

Actually, if you have WTT token then you can earn LTC, DASH, BTC, and ETH. But, it would take time to get your ROI.

Benefits of having WTT token is where you can rent their mining system for 50yrs and, as you know that the value of altcoins increases over time.

ZedZedNova

sr. member

Activity: 475

Merit: 265

Ooh La La, C'est Zoom!

Quote from: inspiredinvestor on March 02, 2018, 04:07:05 AM

what about litecoin?
I am happy with renting out my token! I love passive returns!

What about Litecoin? right now it doesn't appear that Giga-Watt has any Litecoin miners for sale. In the past Giga-Watt had available the Bitmain L3+ miner for Litecoin, which is an ASIC based miner, but it is no longer listed on their miner purchase website. If the miner doesn't appear on their website, it likely means that they do not have any in stock, and do not know when they can get more from Bitmain.

Mining Litecoin with a GPU is a waste of time and electricity. For a while CPUs and GPUs worked well, but these days neither a CPU nor a GPU can hash fast enough to earn much Litecoin.

thinktankideaists

newbie

Activity: 19

Merit: 0

This has pretty descent volume on a less desirable exchange with a relatively small supply (I think 18 million were sold in ICO, with GigaWatt taking 30% for themselves - that makes 23.5 total)... it won't take long for the people who just want their original funds back, for their holdings to dry, that would leave the investors who's tokens are worth more to them than this low cash price it's selling for, because the owner is actually using the token for its intended utility. Wow that was a run on sentence... I think this is going to explode in price ... Washington is getting a lot press ...

Is my ICO math correct??

chip1982

full member

Activity: 204

Merit: 101

Got this article from Telegram. A lot of info, also about Dave & GW.

This Is What Happens When Bitcoin Miners Take Over Your Town

https://www.politico.com/magazine/story/2018/03/09/bitcoin-mining-energy-prices-smalltown-feature-217230

allahabadi

full member

Activity: 952

Merit: 166

Quote from: chip1982 on March 07, 2018, 04:11:23 PM

Quote from: Dopert on March 07, 2018, 05:04:46 AM

Quote from: chip1982 on March 06, 2018, 07:22:10 PM

They changed the rate for token rentals from:

6.45 5.7 4.95 4.2

to

6.0 6.0 5.0 4.0

With no information to clients. Just like that. The rent was the only thing that worked really well......thanks for taking away the 0.2.

I'm really fed up with this.

Strange GW did not change prices and white paper states:

Token   holders   who   are   not   personally   interested   in   mining   or   have   spare   tokens   can   rent   them
out   via   the   Partner's   rental   module   on   Giga   Watt’s   web-site16,   choosing   one   of   the   rental   fees
set   by   Giga   Watt.   Token   rental   fees   are   the   same   as   the   Giga   Watt's   facility   rental   fees, which
are 4.20,   4.95,   5.7   and   6.45   US cents/kW/h, depending   on   the   number   of   miners   hosted   (see
Section   "Giga   Watt's   pricing").   It translates   into   daily    rental   income   of   ¢0.1-0.15 per    token
(¢37-57 per   year).

I am not a big token holder, but i think GW has to stick to the plan.

Andrey said in Telegram that it might be a glitch. They changed the prices back and the dashboard shows them correctly now.

Yes, even I can see the original prices of the token rents.

chip1982

full member

Activity: 204

Merit: 101

Quote from: Dopert on March 07, 2018, 05:04:46 AM

Quote from: chip1982 on March 06, 2018, 07:22:10 PM

They changed the rate for token rentals from:

6.45 5.7 4.95 4.2

to

6.0 6.0 5.0 4.0

With no information to clients. Just like that. The rent was the only thing that worked really well......thanks for taking away the 0.2.

I'm really fed up with this.

Strange GW did not change prices and white paper states:

Token   holders   who   are   not   personally   interested   in   mining   or   have   spare   tokens   can   rent   them
out   via   the   Partner's   rental   module   on   Giga   Watt’s   web-site16,   choosing   one   of   the   rental   fees
set   by   Giga   Watt.   Token   rental   fees   are   the   same   as   the   Giga   Watt's   facility   rental   fees, which
are 4.20,   4.95,   5.7   and   6.45   US cents/kW/h, depending   on   the   number   of   miners   hosted   (see
Section   "Giga   Watt's   pricing").   It translates   into   daily    rental   income   of   ¢0.1-0.15 per    token
(¢37-57 per   year).

I am not a big token holder, but i think GW has to stick to the plan.

Andrey said in Telegram that it might be a glitch. They changed the prices back and the dashboard shows them correctly now.

jambo110

legendary

Activity: 1311

Merit: 1003

Quote from: jambo110 on March 01, 2018, 10:27:23 AM

Quote from: jambo110 on February 23, 2018, 05:42:40 AM

Quote from: Dopert on February 16, 2018, 04:22:50 PM

Quote from: jambo110 on February 16, 2018, 05:29:15 AM

Quote from: chip1982 on February 12, 2018, 04:19:25 AM

Quote from: Dopert on February 12, 2018, 03:56:44 AM

Quote from: jambo110 on February 11, 2018, 06:49:55 AM

Current 24hr returns per Antminer L3+

Mined Hosting Total
0.0567 - 0.0039 = 0.0528 (approx $8 @ $146.51 per LTC)

Wink

Current 24hr return on my Antminer L3+

Mined Hosting Total
0.056 - 0.0048 = 0.0512

Mined Hosting Total
0.056 - 0.0005 = 0.0555 (I have excess tokens which are rented out, so my hosting fee is less)

Current 24hr returns per Antminer L3+

Mined Hosting Total
0.0543 - 0.0031 = 0.0512 (/ $10.86 @ $212.11 per LTC)

Mined Hosting Total
0.0518 - 0.003 = 0.0488

Current 24hr returns per Antminer L3+

Mined Hosting Total
0.0526 - 0.0031 = 0.0495 (approx $10.16 @ $205.27 per LTC).

Current 24hr returns per Antminer L3+

Mined Hosting Total
0.0513 - 0.003 = 0.0484 (approx $10.25 @ $211.73 per LTC).

Current 24hr returns per Antminer L3+

Mined Hosting Total
0.0465 - 0.0025 = 0.044 (approx $8.33 @ $189.35 per LTC).

Topic: ⚡⛏️[ANN] Giga Watt: Best Home for your Mining. Starts today! - page 16. (Read 203299 times)