So to break it down. Gigawatt sold you this dream, promised you cheap power and you had to lock up your money for MONTHS while they used it for whatever they wanted.(You would have doubled it by just putting it in bitcoin) Then when it comes time to collect, they tell you that you no thank you. You would have assumed they would have sent test samples to the PUD inspection to avoid problems.
By the time they get up and running, realistically would be 16-20 weeks from today. Do you think they are going to be putting token holders in those slots first? That would be nieve. The inside investors, friends, and family, get those slots first. I would only imagine the lawyers strategically manipulated the terms for that. by the time your miners get online, the difficulty will add 4-6 months ROI while you missed out on the initial wave of profits.
Essentially, you are bag holders for their global power plant project. You footed the bill.
This is why ICOs should be regulated.
I wasn't aware Bitcoin reached 6300$ lately, thanks for the update!
Can you proof any one of your statements? If not, then I'd be careful with publicly denouncing a company!
But GW did screw some people over. Atleast they notified the people of their options.
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They went in over their head and left out important details with the launch of their company.
From what I was able to gather, they successfully launched different mining businesses in the past and never did any authorities require the PSUs to be certified, but this time they required it, apparently trying to strongarm the company into paying extra. They refused to do that and now they have to send back half a million worth of PSUs back to Bitmain, who is currently trying to get the PSUs certified.
I doubt that they willingly got the PSUs without the labeling, purposefully trying to screw people over. If that is the case, well done and they definitely succeeded in that quest, but it's in their best interest as well to get everything mining as fast as possible, as it's their profit and reputation at stake.
Which important details did they leave out with the launch? From my own research, everything was explained in great detail on the site as well as the whitepaper.
