Topic: ⚡⛏️[ANN] Giga Watt: Best Home for your Mining. Starts today! - page 37. (Read 203299 times)

I agree that the best case if to buy these tokens and put your miners. This will be most profitable and most of the people will do that and would want to do that. Having said that, this creates a demand for the tokens that are free and floating.? 

I have about 3000 tokens and a couple of miners that aren't running yet. I don't think the price of the tokens will go up that much because:

If you buy to tokens to rent: You should receive about $0.35 per year per token as a rental fee. Buying during the ICO when price was $1.00 - $1.20 gives you a nice steady passive income of around 35% annually. If you buy the token on the secondary market for $2.50 your going to make the same rental fee but now will have to wait twice as long to break even. I don't think the price will go up too much because of that reason. Same thing if your buying them to put your own miner on giga-watt. If the tokens are too expensive your not going to get your money back from mining.

For this type of project I don't think its a buy low sell high type deal. Its more of a buy low and put your mining equipment online or buy low are rent your token. Personally I'd love to see these tokens go down to 50 cents!!

The highest I think it could go is maybe $3 or $4. But I nobody knows.

Can someone please explain it to me why the token price are so low even after this HUGE rally in the price of Bitcoin? I understand that the project is taking time which is quite expected for an infrastructure project of this size and scale but my reading is when this thing is up and running and the market realise the potential, token price will be quite high. Please share your views!

You should ask them what they are required to report to the IRS (if anything) for tax purposes about our mining payouts. For US citizens obviously.

You get a huge discount to hosting costs when using WTT, but not completely free. This is directly from their WTT token sale page on Cryptonomos:

Hosting Fee, cents/kW/h   
Miners   Standard   For WTT Holder   
100+     7.50            3.30   
50-99   8.25            3.30   
10-49   9.00            3.30   
1-9           9.75            3.30   

You need tokens and to pay for the electricity plus maintenance. The tokens will cover the cost of "renting" space, but they do not cover the cost of electricity or the maintenance fee. That combined charge be paid for with your miner's earnings.

Forgive me if this has been asked and answered - I couldn't find the answer so I'll ask the experts.
If my Alpha needs 1,000 watts + 10% and I buy 1,100 tokens on EtherDelta, does that cover the electricity or do I need tokens PLUS pay for the electricity?

Forgive me if this has been asked and answered, I didn't see it.

I agree ZedZedNova, Giga Watt Token renting is for long term Hodlers who want pretty consistent passive income. And I really like how you get abit of different major crypto's BTC/ETH/LTC/DASH I haven't had and Zcash yet but you never know.

Try visiting their support website and open a feature request for these things you'd like to see them do?

https://giga-watt.zendesk.com

Doing that might get a little more traction than ranting on a forum that the Giga-Watt team doesn't read on a regular basis (based on their lack of posts here). It's also their official support website so it should be visible to them.

So troll, why are you even here? Boredom? Please.

Go earn your 200% 300% profit. We won't miss you. I promise. Believe me!

Why investors should decide to stop hosting,  If their electricity is one of the cheapest in the world??  

If somebody removes miners for any reason, there will always be people willing to substitute them, I think.

No, they have no possibility for this now.  But maybe in future....

As i saw they said about December deployment of your bathes 3 and 4.   I think they may delay 1 more month.

they blocked for incorrect claiming them a scam, after a few warnings.  And allowed to come back with promise not to do so.

Yes,   They have big delays but they are definetely not a scam.

Why do they need to steal ?      You should expect very long deployment process thought 

LOL   with all do respect sir/madam but your business plan is faulty.

You are satisfied making "some" profit and do not mind people in exact business branch making 200% 300% profit as you are enjoying your thanksgiving turkey. Yes you are not so greedy as me, I am a bad person and also naive to think the way I do. I am bad because  I want to make most profit with smallest investment... because I want maximal revenue... I am not ripping people off (like GW), I am not scamming them in to buying crap. I just do what everyone can do, no more no less.  And luckily I spread my investments, yes I also got 300% revenue and more on my investment in crypto. Why take less? I find it stupid to settle with the crumbs when you can just have a piece of the cake. If I wanted 8% interest I would stick to bankers and stocks!

So yes, I am pissed at Giga-Watt, they sold a product, and still selling it without able to deliver, although they have your money. On top of that they charge you for power (D3 miner at 1200W ) that you do not use....

Now I read on their Telegram and on bitcointalk, people getting 125USD coupons from Bitmain, I wonder if Giga-Watt is gonna give that money to the buyers of D3?? Hmmm hard question....


Oooh deplorable me for complaining, I am such a bad person for wanting what I paid for! Shame on me  

I'm guessing if GW was better at communicating they would make people feel better and secure.  For example, I'm guessing that their timeline schedule that they have recently started has the dates listed on them.  I understand the dates to be the completion date.  They may be looking at the dates as when they start a task.

They seem to be a good company but with poor communication. Worst case, perhaps a little of their bonus tokens should be taken away for not doing a good job as in any standard company would do. I don't even know if it is possible.  Bottom line is that we are just investing in a new thing and risks are alway there. It would be nice to be able to help them somehow.
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Help them? Lol!!  Dear readers, I suggest you go read what is in their Telegram 'support ' group! Those are real customers describing their problems... Beware also in this forum I have noticed trolls supporting GW. Common messages " they are good, they had bad luck, it is the fault of the US government 😂 Etc. " I also have been discredited, but I will keep spreading the truth! None of these trolls brings answers to my questions or good arguments

Facts: 1. GW has not in the past or present given reliable dates for release of miners and tokens. Delays to 3 Months!!
2. D3 miner at gigawatt brings you revenue of 1$ a day since the last 3 days
3. this week GW deducted power costs of 2 weeks power ina few hours without warning. This was for mining cost because they had D3 running but they were not on the dashboard of owners
3. so they admit they were minimg for 2 weeks already... they paid the rewards to owners BUT didn't communicate they were mining. They could have spared D3 owners 2 weeks of stress
4. people with batch 1 s9 or L3+ miners are still NOT DEPLOYED. Gigawatt installed the D3 first although S9 were set to be deployed before d3 ( according to batch date) . Reason? Probably because D3 has 1200W and L3 800W so GIgawatt has better revenue, they can charge more for electricity/miner
5. they charge in crypto, they deduct from mining revenues (I would rather pay inUSD). so you could say, they are mining too and we paid for the miners which will be worthless soon ( D3 was over 3000$!)

So why help them? It is just a matter of time until someone takes action and kills this project.


Gigs-Fail is gonna get myspaced and they brought it on them selves. But their CEO is going to drive his Lambo home tonight
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Yep it has gone out of hand completely. To add insult to injury s9 and d3 miner dashboards don’t display actual hashrate and power consumption. It’s like a play dashboard to fool you. GW claims it’s the s9 and d3 miner software that’s faulty (some professionals they are), while it’s their faulty API. So D3 are dialed in static for 15gh and 1250+10% consumption. So much for having your own miners if basically your miners are turned on and off without your knowledge with statistic false stats....it’s like cloud mining.
Support doesn’t even want to hear it, the answer is “do you want us to stop deploying to address this issue” and then the miners are blamed for being negative and complaining to the extent of support rep saying he doesn’t want to be here. Makes sense all they want to do is plug your miner in so they collect the wrong fee, they don’t care what the miner does.

So they don’t have time to address a huge issue of not delivering services and properly charging clients but Dave Carlson has time to show off demo pod to local news in Grand opening ceremony. It seems the closer GW gets to completing more pods the less they care for people who helped build those pods. It’s time the same local news gets info on the foundation of GW business.

My investment thesis with GigaWatt and WTT is that it provides access to electricity that is far less expensive than where I am physically located and for a long time. My investment in GigaWatt and WTT is long term, and I am not looking for an almost immediate 100% ROI. Yeah, I know, that's really strange in the cryptocurrency world where it seems that everyone expects to achieve a 100% ROI on every investment in three months or less.

If and/or when that changes I will re-evaluate.

My investment in WTT tokens is currently at +58% https://coinmarketcap.com/currencies/giga-watt-token/ and my return from token rental is 8.15% which annualizes to 38.63%. In the grand scheme of things, this is just fine by me.


Oh please. Don't even start with that crap. This is not the forum for US government bashing. Go grind that axe somewhere else.

So you have No miners there I guess...
I am happy that your happy, really. Just one thing, if you counting Getting roi and profits Just from renting tokens, think about this:
What happens when All the investors who bought or send miners to gigawatt stop hosting their miners there? Who is gonna rent your tokens? I am not buying 1 more miner or token for example. If you just visit their telegram chanel you would see how frustrated people are with them... This is not how you build a good business. I joined the crypto movement for money but also because of ideology. Giga-watt is as bad as the US goverment

Just join their telegram chanel, many pictures and stories there... it will Make you sad