⚡⛏️[ANN] Giga Watt: Best Home for your Mining. Starts today! - page 46.

ZedZedNova

sr. member

Activity: 475

Merit: 265

Ooh La La, C'est Zoom!

Quote from: allahabadi on November 07, 2017, 10:10:19 AM

Why are you guys delaying this WTT for so long... It is bad for investor sentiment...

Because Giga-Watt is real world, and in the real world delays happen. In Giga-Watt's case local government inspectors needed more education/time, then certifying agency inspectors (UL) wanted different power supplies. In both cases Giga-Watt did what was necessary to keep moving.

The problem is that there are a lot of people that think that everything crypto moves at internet speed. Well, when crypto meets real world, things slow down. Kinda like when miner hardware companies promise to deliver your miners, but don't deliver for many, many months, if ever in some cases.

If your investment thesis demands that everything be perfectly on time, you will be disappointed. If you have a long(ish) time horizon, you can be patient.

Investor sentiment is for wankers and snowflakes. The wankers and snowflakes that get upset bail out and sell out, making it easier for more patient investors to pick up the investment at lower prices.

I bought into the ICO in the Batch 1 timeframe and now my tokens are currently worth 44% more than I paid, plus I am earning rent on them while I wait for Giga-Watt to install my miner.

Dopert

full member

Activity: 350

Merit: 100

Quote from: Antnoob on November 07, 2017, 10:18:42 AM

About the renting - I had a few tokens that were rented on the highest, and changed afterwards to lowest so that everything goes to 100%.
After that I saw a button - update fee, that you can use even without stopping temporary the renting. Does it mean it will seek for someone with few miners and change from low to high rent when it finds him?
Also we have no stats on which prise our tokens are distributed when it's more than one.

In the whit paper this issue is lityle grey for me. For me no intrest, but i like to know how things are (for exchange value). Mostly i will use watts not renting out.

Vyazhan

full member

Activity: 168

Merit: 100

Quote from: Loperenbits on November 07, 2017, 11:48:10 AM

Im the only one who think that delays explanation is they are mining with our miners?

I think so, I haven't heard this one before in here

Loperenbits

newbie

Activity: 36

Merit: 0

Im the only one who think that delays explanation is they are mining with our miners?

Antnoob

newbie

Activity: 32

Merit: 0

About the renting - I had a few tokens that were rented on the highest, and changed afterwards to lowest so that everything goes to 100%.
After that I saw a button - update fee, that you can use even without stopping temporary the renting. Does it mean it will seek for someone with few miners and change from low to high rent when it finds him?
Also we have no stats on which prise our tokens are distributed when it's more than one.

allahabadi

full member

Activity: 952

Merit: 166

Why are you guys delaying this WTT for so long... It is bad for investor sentiment...

erikpa

newbie

Activity: 52

Merit: 0

I'm wondering if it is worth buying on EtherDelta to start renting?

mextrusion

newbie

Activity: 47

Merit: 0

It seems GW has made some significant progress this week. Grin

Anyone know what batches are in each pod?

chip1982

full member

Activity: 204

Merit: 101

Quote from: c0207148 on November 06, 2017, 05:29:55 AM

Quote from: chip1982 on November 06, 2017, 02:45:56 AM

Quote from: c0207148 on November 05, 2017, 08:42:47 PM

My tokens was rented out at the lowest rate @4.2c

Today, I found all my tokens became 100% free... that means, all is not rent out, no rental income any more...

What should I do now ?

a.) sell
b.) wait
c.) buy more

I'm in for b.)

Did you mean your tokens are also 100% free and not rent out at the moment ?

Yes, mine also 100% free. It happens from time to time. Usually they credit the rent then later.

c0207148

newbie

Activity: 2

Merit: 0

Quote from: chip1982 on November 06, 2017, 02:45:56 AM

Quote from: c0207148 on November 05, 2017, 08:42:47 PM

My tokens was rented out at the lowest rate @4.2c

Today, I found all my tokens became 100% free... that means, all is not rent out, no rental income any more...

What should I do now ?

a.) sell
b.) wait
c.) buy more

I'm in for b.)

Did you mean your tokens are also 100% free and not rent out at the moment ?

Bitcoin2theEnd

member

Activity: 137

Merit: 14

Quote from: Raascal on November 04, 2017, 04:34:15 PM

This was in telegram.

"We expect batch 1/2 to be completed within the next couple of days. Please keep an eye on you dashboard, your hardware will appear once deployed"
and
"Batch 3/4 Token will be issued in December 2017"

I thought Batch 1 & 2 were already completed

chip1982

full member

Activity: 204

Merit: 101

Quote from: c0207148 on November 05, 2017, 08:42:47 PM

My tokens was rented out at the lowest rate @4.2c

Today, I found all my tokens became 100% free... that means, all is not rent out, no rental income any more...

What should I do now ?

a.) sell
b.) wait
c.) buy more

I'm in for b.)

c0207148

newbie

Activity: 2

Merit: 0

My tokens was rented out at the lowest rate @4.2c

Today, I found all my tokens became 100% free... that means, all is not rent out, no rental income any more...

What should I do now ?

chip1982

full member

Activity: 204

Merit: 101

Quote from: Dopert on November 04, 2017, 08:23:05 PM

@chip1982; the bell does not ring (jet), but thanks for trying.

Get a couple of tokens and try it out. You'll get the aha effect once you see how it works.

Dopert

full member

Activity: 350

Merit: 100

@chip1982; the bell does not ring (jet), but thanks for trying.

chip1982

full member

Activity: 204

Merit: 101

Quote from: Dopert on November 04, 2017, 04:28:05 PM

Quote from: chip1982 on November 04, 2017, 03:48:58 PM

Quote from: Dopert on November 04, 2017, 11:55:03 AM

Can somebody explain how renting out tokens work? So far i can see there is no time frame given by renting out. Can you get back ghe rented out tokens at any moment? And if you rent tokens for mining, do you have ensurrence that tokens are yours as long as you want?

I do not understand how token offering and demand works if there is no timeframe, or do i miss something?

Hosting Fee, cents/kW/h

Miners   Standard   WTT Holder Saving Rent

100+     7.50    3.30    56.00% 4.2
50-99   8.25    3.30    60.00% 4.95
10-49   9.00    3.30    63.33% 5.7
1-9    9.75    3.30    66.15% 6.45

The number of miners determine which rent has to be paid. As a WTT holder of excess tokens you simply choose at which offered rate you want to lease out. The system then automatically matches your offered tokens with miners of clients without tokens.

There is no efficient market pricing model here since the price of the rent only reflects GW willingness to give a discount for increasing numbers of miners.

Once you rent out, you must wait a couple of hours. Then your account is rewarded every full hour. You can stop at any given time. In that case you get the rent from the last full cycle.

The info is clear, but how can GW manage the fixed amout of watts (tokens) if ask and demand has no timeframe. For example all tokens are rented out (so no free watts) and exchanges hit 10 dollars so many token holders stop renting out and sell. New token holders make use of there bought tokens/watt.

In this case there where no watts left and new token holders plugging in on there watts. What will hapen to miners who rented tokens and people stop renting out? The operation mining scale is not fixed if there is no timeframe Huh

A time frame is not needed because of an hourly payment. If people stop renting, the miners without tokens must pay the standard hosting fee.

Raascal

newbie

Activity: 30

Merit: 0

This was in telegram.

"We expect batch 1/2 to be completed within the next couple of days. Please keep an eye on you dashboard, your hardware will appear once deployed"
and
"Batch 3/4 Token will be issued in December 2017"

Dopert

full member

Activity: 350

Merit: 100

Quote from: chip1982 on November 04, 2017, 03:48:58 PM

Quote from: Dopert on November 04, 2017, 11:55:03 AM

Can somebody explain how renting out tokens work? So far i can see there is no time frame given by renting out. Can you get back ghe rented out tokens at any moment? And if you rent tokens for mining, do you have ensurrence that tokens are yours as long as you want?

I do not understand how token offering and demand works if there is no timeframe, or do i miss something?

Hosting Fee, cents/kW/h

Miners   Standard   WTT Holder Saving Rent

100+     7.50    3.30    56.00% 4.2
50-99   8.25    3.30    60.00% 4.95
10-49   9.00    3.30    63.33% 5.7
1-9    9.75    3.30    66.15% 6.45

The number of miners determine which rent has to be paid. As a WTT holder of excess tokens you simply choose at which offered rate you want to lease out. The system then automatically matches your offered tokens with miners of clients without tokens.

There is no efficient market pricing model here since the price of the rent only reflects GW willingness to give a discount for increasing numbers of miners.

Once you rent out, you must wait a couple of hours. Then your account is rewarded every full hour. You can stop at any given time. In that case you get the rent from the last full cycle.

The info is clear, but how can GW manage the fixed amout of watts (tokens) if ask and demand has no timeframe. For example all tokens are rented out (so no free watts) and exchanges hit 10 dollars so many token holders stop renting out and sell. New token holders make use of there bought tokens/watt.

In this case there where no watts left and new token holders plugging in on there watts. What will hapen to miners who rented tokens and people stop renting out? The operation mining scale is not fixed if there is no timeframe Huh

chip1982

full member

Activity: 204

Merit: 101

Quote from: Dopert on November 04, 2017, 11:55:03 AM

Can somebody explain how renting out tokens work? So far i can see there is no time frame given by renting out. Can you get back ghe rented out tokens at any moment? And if you rent tokens for mining, do you have ensurrence that tokens are yours as long as you want?

I do not understand how token offering and demand works if there is no timeframe, or do i miss something?

Hosting Fee, cents/kW/h

Miners   Standard   WTT Holder Saving Rent

100+     7.50    3.30    56.00% 4.2
50-99   8.25    3.30    60.00% 4.95
10-49   9.00    3.30    63.33% 5.7
1-9    9.75    3.30    66.15% 6.45

The number of miners determine which rent has to be paid. As a WTT holder of excess tokens you simply choose at which offered rate you want to lease out. The system then automatically matches your offered tokens with miners of clients without tokens.

There is no efficient market pricing model here since the price of the rent only reflects GW willingness to give a discount for increasing numbers of miners.

Once you rent out, you must wait a couple of hours. Then your account is rewarded every full hour. You can stop at any given time. In that case you get the rent from the last full cycle.

Dopert

full member

Activity: 350

Merit: 100

Can somebody explain how renting out tokens work? So far i can see there is no time frame given by renting out. Can you get back ghe rented out tokens at any moment? And if you rent tokens for mining, do you have ensurrence that tokens are yours as long as you want?

I do not understand how token offering and demand works if there is no timeframe, or do i miss something?

Topic: ⚡⛏️[ANN] Giga Watt: Best Home for your Mining. Starts today! - page 46. (Read 203299 times)