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Topic: ⚡⛏️[ANN] Giga Watt: Best Home for your Mining. Starts today! - page 3. (Read 203299 times)

full member
Activity: 204
Merit: 101
https://www.coindesk.com/bitcoin-mining-firm-giga-watt-declares-bankruptcy-owing-millions

ERROR: Withdraw operations for currency btc blocked by administration.

GigaGreed is finally done and once again we were informed by the outside press. Although I took a hard hit I'm glad it's over......

Coins locked. Guess we won't even be able to get our miners.......
newbie
Activity: 20
Merit: 0
legendary
Activity: 1311
Merit: 1003
Just switched off my Antminer L3's today as they are currently unprofitable.    Angry

So I got that same email and was too busy to deal with it right away. When I did get around to looking at things I wanted to see how bad it was. Well, it turns out that there must have been some kind of outage on 25-October because there was a gap in rewards from 03:13 hours until 20:25 hours, then a bunch of rewards between 20:27 hours to 20:44 hours. The final total for the day was ~35% below the previous days and the subsequent days. Additionally, there was some weird behavior with the hosting fees such that the charges were ~50% higher than usual based on previous and subsequent days.

The semi-colon separated values file that you can download with the hosting fees, mining rewards, and wtt rental earnings was hard on the eyes so I wrote some python 3 code to break it down for me such that I have one line per day that shows all three values and a final column that shows me the net. It's not ready for prime time, but when it is I'll post the code here. It's about 20 lines of code, excluding blank lines and comments.
Interesting, get on it.
sr. member
Activity: 475
Merit: 265
Ooh La La, C'est Zoom!
Just switched off my Antminer L3's today as they are currently unprofitable.    Angry

So I got that same email and was too busy to deal with it right away. When I did get around to looking at things I wanted to see how bad it was. Well, it turns out that there must have been some kind of outage on 25-October because there was a gap in rewards from 03:13 hours until 20:25 hours, then a bunch of rewards between 20:27 hours to 20:44 hours. The final total for the day was ~35% below the previous days and the subsequent days. Additionally, there was some weird behavior with the hosting fees such that the charges were ~50% higher than usual based on previous and subsequent days.

The semi-colon separated values file that you can download with the hosting fees, mining rewards, and wtt rental earnings was hard on the eyes so I wrote some python 3 code to break it down for me such that I have one line per day that shows all three values and a final column that shows me the net. It's not ready for prime time, but when it is I'll post the code here. It's about 20 lines of code, excluding blank lines and comments.
legendary
Activity: 1311
Merit: 1003
Just switched off my Antminer L3's today as they are currently unprofitable.    Angry

Are they covered by WTT? Fully covered L3 is profitable ( hosting fee consumes ~70-80% reward).
I have L3 miners and shed loads of WTT  they became unprofitable so ive switched them off as advised by gigawatt.
Im not sure how to switch them back on now as it says they are now under repair

I would imagine that if you want to power up the miner(s) you can open a support case/ticket.

Yeah, Cheers Zed, ill get on to it in the next couple of days.
newbie
Activity: 172
Merit: 0
Giga Watt is in very unstable condition. If they will not manage to sell pods or company share they become bankrupts. Any unavoidable debt claim and GW is dead.
newbie
Activity: 20
Merit: 0
you can disconnect hardware with this link
https://giga-watt.com/hardware
sr. member
Activity: 475
Merit: 265
Ooh La La, C'est Zoom!
Just switched off my Antminer L3's today as they are currently unprofitable.    Angry

Are they covered by WTT? Fully covered L3 is profitable ( hosting fee consumes ~70-80% reward).
I have L3 miners and shed loads of WTT  they became unprofitable so ive switched them off as advised by gigawatt.
Im not sure how to switch them back on now as it says they are now under repair

I would imagine that if you want to power up the miner(s) you can open a support case/ticket.
legendary
Activity: 1311
Merit: 1003
Just switched off my Antminer L3's today as they are currently unprofitable.    Angry

Are they covered by WTT? Fully covered L3 is profitable ( hosting fee consumes ~70-80% reward).
I have L3 miners and shed loads of WTT  they became unprofitable so ive switched them off as advised by gigawatt.
Im not sure how to switch them back on now as it says they are now under repair
newbie
Activity: 172
Merit: 0
Just switched off my Antminer L3's today as they are currently unprofitable.    Angry

Are they covered by WTT? Fully covered L3 is profitable ( hosting fee consumes ~70-80% reward).
legendary
Activity: 1311
Merit: 1003
Just switched off my Antminer L3's today as they are currently unprofitable.    Angry
member
Activity: 72
Merit: 10
I love argumentation.
https://www.seattletimes.com/business/pioneer-of-eastern-washington-cryptocurrency-boom-falls-on-hard-times/

A year ago, Giga Watt was the golden child of the state’s bitcoin boom. Today, the company faces huge debts and angry investors, while the cryptocurrency sector is caught up in a massive price correction. Last month, beset by millions of dollars in debt, ongoing legal problems and questions about its unconventional financing, Giga Watt laid off 80 percent of its staff and suspended all construction. Carlson himself stepped down in August.

 Shocked

whooha scary article, so are we going to have this token with no value? or the project still continue

Your question can't be answered? The project in going on, in spite of the serious difficulties; however, if FUD goes on, the token will diminish in price. I do believe that there is still value in this project. But I can see that many people are selling their holdings. I personally keep holding, and I think that the team we have now can make a difference.
hero member
Activity: 1652
Merit: 521
Leading Crypto Sports Betting & Casino Platform
https://www.seattletimes.com/business/pioneer-of-eastern-washington-cryptocurrency-boom-falls-on-hard-times/

A year ago, Giga Watt was the golden child of the state’s bitcoin boom. Today, the company faces huge debts and angry investors, while the cryptocurrency sector is caught up in a massive price correction. Last month, beset by millions of dollars in debt, ongoing legal problems and questions about its unconventional financing, Giga Watt laid off 80 percent of its staff and suspended all construction. Carlson himself stepped down in August.

 Shocked

whooha scary article, so are we going to have this token with no value? or the project still continue
full member
Activity: 294
Merit: 101
https://www.seattletimes.com/business/pioneer-of-eastern-washington-cryptocurrency-boom-falls-on-hard-times/

A year ago, Giga Watt was the golden child of the state’s bitcoin boom. Today, the company faces huge debts and angry investors, while the cryptocurrency sector is caught up in a massive price correction. Last month, beset by millions of dollars in debt, ongoing legal problems and questions about its unconventional financing, Giga Watt laid off 80 percent of its staff and suspended all construction. Carlson himself stepped down in August.

 Shocked
legendary
Activity: 892
Merit: 1002
1 BTC =1 BTC
It's a scam.

The guys behind this are scammers.

From day 1 they stole mining hardware from their customers.

GigaWatt is not a scam. Propagating FUD when it comes to a company that has a workable plan to overcome their current difficulties is highly damaging.
George Turner is a trustworthy project manager. Check this out from min 5:10 on:
https://www.ncwlife.com/gwata-tv-giga-watt/

Stop spreading falsities.

They stole 10x S9 asicminers from me.
I dropshipped the miners in September 2017 and bought WTT tokens in June 2017 but Giga-watt never installed my hardware.

And I'm not the only one they scammed.

I am positive that it's a serious matter of mismanagement.
You should definitely try to get in touch with George Turner.
With all my heart, I suggest you do that.

I think "George Turner" knows... and his solution is turning off mining hardware of the customers.
legendary
Activity: 892
Merit: 1002
1 BTC =1 BTC
It's a scam.

The guys behind this are scammers.

From day 1 they stole mining hardware from their customers.

GigaWatt is not a scam. Propagating FUD when it comes to a company that has a workable plan to overcome their current difficulties is highly damaging.
George Turner is a trustworthy project manager. Check this out from min 5:10 on:
https://www.ncwlife.com/gwata-tv-giga-watt/

Stop spreading falsities.

They stole 10x S9 asicminers from me.
I dropshipped the miners in September 2017 and bought WTT tokens in June 2017 but Giga-watt never installed my hardware.

And I'm not the only one they scammed.

And YES, I like to RUB it in as much as I can Kiss
member
Activity: 72
Merit: 10
I love argumentation.
It's a scam.

The guys behind this are scammers.

From day 1 they stole mining hardware from their customers.

GigaWatt is not a scam. Propagating FUD when it comes to a company that has a workable plan to overcome their current difficulties is highly damaging.
George Turner is a trustworthy project manager. Check this out from min 5:10 on:
https://www.ncwlife.com/gwata-tv-giga-watt/

Stop spreading falsities.

They stole 10x S9 asicminers from me.
I dropshipped the miners in September 2017 and bought WTT tokens in June 2017 but Giga-watt never installed my hardware.

And I'm not the only one they scammed.

I am really sorry for what's happening to you.
It's a serious matter of mismanagement.
You should definitely try to get in touch with George Turner.
With all my heart, I suggest you do that.
member
Activity: 72
Merit: 10
I love argumentation.
What is happening now to Giga-Watt? Only 6. of my WTT tokens are being rented out.

This is very alarming and not profitable, Also WTT Token is less than $1 which is bad for the market and no any updates on their development.
WTT not registered at Coinmarketcap? I searched for WTT on the list I didn't find,
is this a dead project? I can't imagine that Giga Watt is a dead project

It is apparently a scam. Is there any place to sell these useless tokens? or wait for class lawsuit against them?

It is not a scam.
Check this out:
https://medium.com/@gigawatt/giga-watt-restructuring-and-policy-changes-e8cc05a309d9

And be patient; off course, if you still want to support the project. I will.

I think WTT tokens will be profitable after a year.

If you have bought more than 10k tokens are holding it until now then you're losing too much, Obviously we need to support them but how? Market volume is below $2k USD which is very bad.

Hey d3nz,
we need to get George Turner to have the token listed on KuCoin or at least Cryptopia.
Other exchanges that you can think of?
legendary
Activity: 892
Merit: 1002
1 BTC =1 BTC
It's a scam.

The guys behind this are scammers.

From day 1 they stole mining hardware from their customers.

GigaWatt is not a scam. Propagating FUD when it comes to a company that has a workable plan to overcome their current difficulties is highly damaging.
George Turner is a trustworthy project manager. Check this out from min 5:10 on:
https://www.ncwlife.com/gwata-tv-giga-watt/

Stop spreading falsities.

They stole 10x S9 asicminers from me.
I dropshipped the miners in September 2017 and bought WTT tokens in June 2017 but Giga-watt never installed my hardware.

And I'm not the only one they scammed.
sr. member
Activity: 1372
Merit: 264
What is happening now to Giga-Watt? Only 6. of my WTT tokens are being rented out.

This is very alarming and not profitable, Also WTT Token is less than $1 which is bad for the market and no any updates on their development.
WTT not registered at Coinmarketcap? I searched for WTT on the list I didn't find,
is this a dead project? I can't imagine that Giga Watt is a dead project

It is apparently a scam. Is there any place to sell these useless tokens? or wait for class lawsuit against them?

It is not a scam.
Check this out:
https://medium.com/@gigawatt/giga-watt-restructuring-and-policy-changes-e8cc05a309d9

And be patient; off course, if you still want to support the project. I will.

I think WTT tokens will be profitable after a year.

If you have bought more than 10k tokens are holding it until now then you're losing too much, Obviously we need to support them but how? Market volume is below $2k USD which is very bad.
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