Topic: ⚡⛏️[ANN] Giga Watt: Best Home for your Mining. Starts today! - page 93. (Read 203353 times)

You have a good understanding of everything, from what I know so far.

NOTE: These are not official answers as I am not related to the project. But I thought you had good questions and I wanted to provide the answers for you.


Yes, it is.

"very" is a relative term. It might be more optimal to have 20 L3's and 18000 token. Who knows?
But two L3's with 1760 tokens will work great.

I pre ordered a couple of them a few months ago, and recently sold them on ebay. There are more available on ebay, but for a serious premium.

Yes.

This is what we have been told, but detail have been scarce.

Not that I know of.

This is my understanding.

I have not seen this be clarified.

Yes. (This did not used to be the case, but it is now.)

That is a matter of opinion and psychic powers. It depends how much you are able to buy the token for on the exchanges and their availability. And it assumes that renting out the tokens is a bad thing to do in the interim.

Maybe you think the ICO price is a good (low) price. Or maybe you're concerned about available supply on the open market post ico.

We're all speculating, to some extent. But I have not seen any super thorough analysis form anyone.

Answering your own questions now

Yes, that is my understanding. The token's value is intrinsic, regardless of where/how you get the token.

If/when you decide to buy your tokens, you can do so here: https://cryptonomos.com/?r=1lv0eNDlOmhWNTu18ev35yyLJ

There is the charge for electricity and maintenance, as a holder of WTT tokens you are guaranteed space in the facility for your miners.



They are indeed in demand. Keep an eye on the Giga Watt web to see when they become available. Also, send an email to Giga Watt sales/support and tell them that you want two L3+ miners. Before you do that, at least buy the WTT tokens and make sure that you have enough to pay for the miners.

When I ordered my L3+ a while back I had purchased WTT tokens (hopefully in batch 1), and had bitcoin ready to pay for the miner. I understand that things have changed since then. Giga Watt can tell you the new requirements if you contact them.



That's what has been communicated.


No. That will come sometime after the ICO has completed. I seem to recall seeing an estimated date earlier in this thread.


If you know you want to have Giga Watt host your miners, buy the WTT now during the ICO. Worst case is that you hold the WTT until you can order miners from Giga Watt or somehow secure your own miners that you can then send to Giga Watt.


Well, it is speculation. Prices could move higher or lower, depending on demand and supply of WTT on the exchange(s). If you buy in now you know the price you will be paying. If you wait until they are trading on an exchange, your guess is as good as anyone's as to what price you will pay at that time.

The value proposition for me, personally, is the availability of inexpensive electricity. Giga Watt's electricity plus maintenance cost is roughly 33% of what I pay now for electricity, and that doesn't include my cooling costs.



Try reading older messages in this thread. I believe that this question was already answered. You could also contact Giga Watt directly and ask.

I've just learned about Giga Watt in the last few days, and I'm very interested, but I have a few questions!  Have been looking things over here, but I'm still unsure of a few things.

I understand that by purchasing WTT Tokens now, I can host miners at Giga Watt "rent free" for 50 years.

I understand if I want to actually MINE, I would need WTT Tokens AND Miners.

I understand that miners are incredibly hard to come by right now whether purchasing directly from Giga Watt or elsewhere.

I understand that if I purchase WTT Tokens, but cannot get any miners of my own, I can "rent" out my WTT Tokens to people with miners, but no tokens.

I hope "my understanding" is correct on all the above points.

My DESIRE would be to purchase 1,760 WTT Tokens, (2) Antminer L3+ miners, and host them "rent free" at Giga Watt and mine Litecoin for the next 50 years.
I presume this would be a very optimal setup, is that correct?

THE PROBLEM is finding and purchasing (2) Antminer L3+ miners.

Questions:

If I purchase 1,760 WTT Tokens in the ICO, can I "rent" them out UNTIL I can secure (2) Antminer L3+ miners?
(I'm really NOT INTERESTED in merely renting out my WTT Tokens as I don't like the ROI time by renting only.  I am also concerned with some of the things I've read here about having any demand from miners to even rent WTT tokens!  If that were the case, I'd be sitting with 1,760 WTT Tokens that only have speculative value.)

Speaking of speculative value, it appears that WTT Tokens WILL appear on crypto exchanges - IS THAT CORRECT?

If so, has it been announced which crypto exchanges WTT Tokens will appear on?

If someone has miners, but no WTT Tokens, I see that they could either rent WTT Tokens or wait to purchase their own WTT Tokens when they appear on an exchange - IS THAT CORRECT?

Is there any commitments required when renting in regards to length of time/duration?  If I'm renting WTT Tokens, I may at some point acquire miners, and not want to rent my WTT Tokens out anymore - am I locked into a time commitment? For those that start out with miners, and renting WTT Tokens, what if they want to later purchase WTT Tokens off an exchange, are they in a time commitment with their initial rental agreement of WTT Tokens?

Is it true you need to be a WTT TOKEN HOLDER to even purchase miners directly from Giga Watt?

Ideally, it would appear my best bet would be to wait until I can secure a couple of Antminer L3+ miners, and at that time hope I can pick up some WTT Tokens off an exchange, or just pay rent to a WTT Token Holder to host my miners - IS THAT CORRECT?

WHY would I purchase 1,760 WTT Tokens in advance if I DON'T have any miners yet, and I'm NOT interested in renting out WTT Tokens (because I don't like the ROI time)?

Is there any speculation of whether WTT Tokens will go up/down once they get listed on a crypto exchange?

If the speculation is that they would hold value or even go UP in value, then purchasing 1,760 WTT Tokens during the ICO would make sense.

If the speculation is that they will go DOWN in value once they list on an exchange, it would make most sense to WAIT and just acquire WTT Tokens at a lower price from an exchange when I can acquire a couple Antminer L3+ miners.

Will Giga Watt allow me to host my miners rent free with them if I purchase my WTT Tokens at a later date from an exchange versus buying them now during the ICO?

I'd appreciate any answers/thoughts/opinions anyone would like to offer to my post here.

Thanks
Mike Rudie (NEW Member of the Bitcoin Forum)

One of the best tokens ever, I'm very hopeful.
A real problem, with a fast solution, right way, from professionals and well experienced stuff.
This is the future of mining, must extend to more algos.

From telegram:
We can't guarantee that all WTT will be rented out but we have really high demand on miners.

I know thats not a direct answer but it is what was given when the same question was posed.

Token holders are already fucked

Another ICO that wants millions and at the end there will probably be no data center for all of the token users.

Keep draining your money people 

They already have enough miners without token for the token holders. That is why I believe they change their policy.
They need to find the balance. Logic.

A good question

If you are unable to host miners without owning WTT, then where will the demand to rent WTT come from? All miners will have WTT and not need to rent with this policy. Leaving owners of WTT without hardware unable to rent their tokens.

Maybe I'm confused..

Unless you purchased a miner previous to our policy change- you now have to be a token holder to buy a miner or use our facilities to host your equipment- then you won't be able to rent our space out.

When will space be available to rent to those miners who are not tokenholders?

The module to rent is not live yet. It will open after August 7th sometime when the first tokens are deployed. Once construction/obligations to token holders, they'll hit secondary market for trading. As far as sending them to EthWallet, I think so, but I would confirm by asking [email protected] or [email protected].

@Giga-Watt Support
It is near the end of ICO. So please clear that:
When token management platform will be ready? When WTT will be tradable? Could we send them to etherwallet?

We can assure you your money and miners will be protected. There is a contract you will sign after payment. For any additional questions, please refer to our White Paper- https://cryptonomos.com/wtt/whitePaper/1/

Thank you

You can send your own miners as long as you are a WTT token holder.

Hello, we recently added an ecommerce site- gigawatt.sg, in which you will be able to see the available miners once you are registered and are a WTT token holder.

I'm really interested in this project, but:

Can I send you my personal miners to host at your facility?
Or do I need to buy the ones you are reselling (with a premium)?

Sure the power is cheaper, but if the miners costs 600$ more for each machine, it suddenly doesnt look so good anymore.

Cheers,
Tore

https://giga-watt.com/

Very interesting project. The variable costs would be the electricity+maintenance fee (3.3c/kWh). Is there anything stopping GW from increasing these costs absent an increase from the utility company? I understand the current rates are based on Public Utility of Washington state and the minimum wage limits, but nothing forces GW to remain tied to these numbers, correct?

Additionally, is there anything stopping GW from introducing new fees? Perhaps fees for miners not purchased through a partner? Or eventually restricting access to only those miners purchased through the partner?

I'm just trying to go down the path of worst case scenario. I'm sure the current leadership and team at GW isn't planning these changes, but someday the company gets bought by a giant hedge fund for a bazillion dollars and they monetize everything they can for their own benefit.