Topic: ⚡⛏️[ANN] Giga Watt: Best Home for your Mining. Starts today! - page 17. (Read 203299 times)

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.

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.

600 miners stolen in Iceland:

https://www.ccn.com/grand-theft-rigs-icelandic-police-search-600-bitcoin-miners/

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?

Yes mine went off for a couple of hours too, they are working now though.

A friend just notified me that his two litecoin miners went offline about 12 hours ago.

Please check yours and if they are offline please notify us on this thread so we can figure out if the problem is just isolated to a couple of miners or if all litecoin miners are affected.

Thanks

But if i buy a miner, for how many years will work ? Forever ? There is a warranty ?

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

Thanks for this great info ZedZedNova

Uhhh, what you are referring to as a "$150 miner" is just the power supply. Not a miner. The power supply can be used for the Alpha Miner. The power supply can provide up to 1600 watts of power.

Currently available miners are:

• Antminer D3 Dash miner (for $1,800)
• Gigawatt Alpha 200 (GPU miner, $4,499)

For what it's worth, at current (1-March-2018/22:40 US East Coast time) network hash rates, difficulty, and exchange rates, the D3 earns ~$1.78/day assuming that you have sufficient WTT tokens to cover the power usage (1200 watts + 10% = 1320 WTT needed).

At current (1-March-2018/22:40 US East Coast time) network hash rates, difficulty, and exchange rates, the Alpha 200 which has 9 RX570 GPUs earns:

• ETH: ~$16.96/day
• ZEC: ~$10.01/day
• ETC: ~$14.54
• SC: dunno, can't find a decent profit calculator

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.

I used https://www.coinwarz.com/cryptocurrency to calculate the daily earnings based on the Giga-Watt published hashing rates available at their mining shop: https://www.gigawatt.sg/shop/

Poster said above: "Also, you are still being charged the discounted rate of $0.033 per kw/h while using WTT (instead of the standard ~$0.09 per kw/h) and this is factored into the monthly profit."   My reply: That is good to hear and is positive for the value of the tokens.


Thank you,   G.P.

I see the volume has doubled on forkdelta...  That's from people who got their tokens from batch 4...  why would someone dump less than what they paid after waiting 6 months for the project to be competed ...  This is a working product , pretty much non existent in crypto...

Current 24hr returns per Antminer L3+

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

I did some calculations back in November for purchasing miners with and without WTT to find the break even points where i had earned back the money spent for the miner + WTT. This assumes WTT was at 1.70, and all crypto prices were calculated on 11-24-2017. But the math is still valid to show you a general idea of the benefits of buying WTT. Also, you are still being charged the discounted rate of $0.033 per kw/h while using WTT (instead of the standard ~$0.09 per kw/h) and this is factored into the monthly profit.

Miner  |  Rig Price  |  WTT (Price)  |  Hash Rate   |  Monthly Profit (No WTT) |   Monthly Profit (WTT) |  Break-Even
Antminer S9 (ASIC - BTC)   $2,100    1456 ($2,475)   13.5 TH/s   $517    $577    4 months / 8 months
Antminer L3+ (ASIC - LTC)   $2,700    880 ($1,496)   500 MH/s   $422    $458    6.4 months / 9.1 months
Alpha Miner 200 (GPU - ETH)   $3,300    1540 ($2,618)   250 MH/s   $387    $450    8.5 months / 13.1 months
Antminer D3 (ASIC - DASH)   $2,200    1210 ($2,057)   15 GH/s   $96    $145    23 months / 29 months


TLDR: Buy WTT for long term mining, you will get better returns in the long run, but short term the monthly profit difference is small.

I have the same questions. Before the ICO was over, a calculator on the GigaWatt website answered your first question very efficiently. I think all us would appreciate having access to that calculator again, or maybe someone can replicate it. An additional question related to this, I think, is what the calculator indicated in May/June/July of 2017 when the price of BTC was about a fifth of what it is now; I'm pretty sure the cost of electricity has not increased proportionately. It would be a good idea to just verify that the returns we're getting are in line with what the calculator showed, and that the 15% fee is what's being deducted from the right amount. The more our miners and tokens earn, they more the company earns. So it's hardwired for win/win. And I trust they calculated a high-enough fee to make business sense. If all goes well, and I'm very confident it will, the price of tokens will increase and GigaWatt and token owners will all do well. I hope we can crunch some numbers through a GigaWatt calculator again.

Second question... It was my understanding as well that if you had more tokens than the equivalent power consumption of the miners you host at GigaWatt, then the cost of hosting would be completely covered. I do have more tokens than miner-power-use, but I am being charged small fees for hosting. Would appreciate an answer about this if anybody out there knows.

A third concern for me is about the possibility of the miners we purchased months ago going obsolete before they're deployed, and whether or not they'll be able to keep up with the speeds of more recent machines once they finally are deployed.

Sorry I can't answer your questions. But maybe some people who can answer, will. 

I took this from the white paper:


Each   Giga Watt   Project Token (WTT) represents the right to   use the Giga Watt processing center's capacity, rent-free for 50 years, to accommodate 1 Watt's   worth of mining equipment power consumption. So to provision and use your mining equipment rent-free, you will need to purchase the number of tokens equal to your equipment's power consumption: Token owners can use this capacity   to accommodate their   own miners or to rent   it out to other users. Essentially, this   is access to professional mining – with an extraordinarily low   13 134834324.1 entrance threshold. In fact, it could be compared to membership in an elite private   mining club. Giga Watt's hosting fee typically consists of effective electricity cost, maintenance fee and rental fee. Token owners pay zero rent, which drastically reduces their ongoing   costs: their hosting fee is comprised only of effective electricity cost and maintenance fee.


-----------------

I have questions about this token explanation (above) in order to value the token properly.

1. How much more am I making per month with one miner plus having all the needed tokens compared to someone else who has the same miner at Giga-Watt but does not have any tokens?  If the difference in profit is significant over time, then the tokens have good value. If we can get a number cruncher on here to help out with the answer it would be appreciated. At what point in time do the tokens pay for themselves?  I hope not after fifty years.....

2. I thought the hosting fee would be eliminated if you have the token, but apparently I was wrong. Please comment on this also.

Thanks,  G.P.

B4 June 2017

New batch of tokens have just been released!! I got my 10% bonus too.   

Okay, those coupons from Bitmain. So if poeple purchage miner throught GW, they will recieve a GW (instead in there Bitmain account) coupon.

I have Bitmain coupons so not for GW 

Going to email if GW is intrested or if anybody want them, then PM me. I have 4x $200 coupons with expire date 1 june 2018. My price is $60 each or $200 for all (that is $800 Bitmain value).

That is how long i waited 6 months, and yes it was a tough wait, the email was my purchase receipt from the shop department, i replied to that (6 month old) email to that department, i dont use telegram or discord (someone will usually takes it up to keep us informed in here), i also did not contact support during my wait.  In a nutshell : if you have a receipt email from the shop department reply to them.   Good luck.