So just to recap.
1. Token sale in June, collected millions of dollars(around 19m)
2. Price of BTC up from a low of 1800 to a high of 6000 today. (19m worth approx 60m today)
3. Miners implementation are delayed until March-April based on issues that could have been solved prior to token sale by having inspectors go over all the details.
4. Reselling miners for you for profit on their website(they take a cut of the sale). No refunds on tokens.
5. Internal issues were not sorted out before starting and collecting 18m in a token sale. Blame this on "growing pains"
6. No actual solutions, refunds, or otherwise to the customers of the project other than taking back your miners or wait.
7. Gigawatt Generating profits on 18m in Bitcoins for 9-12 months while you wait.
8. Gigawatt building out extensive power infrastructure at your expense.
9. Difficulty increasing exponentially on all Miners by the week.
So all the Gigawatt fanboys here, if this is how you think a good ICO should be run, and you think this was a good investment... Then let me let you in on my new ICO Bitcoinguy140watt. ICO starts soon.
In all seriousness, how could anyone with some common sense not see this as a blatant scam? I would like to hear some opinions.
2. even more than $7000 now, BUT you can't predict future. What would happen if BTC price fell to $1000? You could say you knew it would rise - but in this case you could just buy BTC and hold. This is the least risky investment.
4. They resell with small margin - i think about 5-10%. For bitmain price one should add PSU cost, transpostation, impost taxed etc.
Better to hold money in BTC. But who knew.....
