⚡⛏️[ANN] Giga Watt: Best Home for your Mining. Starts today! - page 98.

fckltx

newbie

Activity: 22

Merit: 0

Quote from: Bendra on July 09, 2017, 01:10:12 PM

Quote from: cryptodv on July 09, 2017, 01:00:28 PM

Well, that sounds like a no brainer and even with the difficulty it will still be profitable. I'm thinking of buying 2 L3's. I just have to do more research. I'm not well versed with mining.

Sounded the same for me, so I did what you are thinking of. Bought 2 L3's, now I am waiting for the Giga Pods to be completed

Did you buy the L3s from them ? It looks like miners bought from GW has priority over the rest.

I bought L3 (September batch) , bought enough tokens and now what? Does anyone has more info about the sending procedure ? Is it on first come first serve basis ?
I hope the Giga Pods will be completed by September.

Mr Frog

full member

Activity: 168

Merit: 100

Bitcoin is the King

Congrats! Welcome with Giga Watt.
I am in with a S9 and a L3+ (August and September Batch). Grin

& Waiting for more Mining Cryptos to be added by GW.

Bendra

newbie

Activity: 33

Merit: 0

Quote from: cryptodv on July 09, 2017, 01:00:28 PM

Well, that sounds like a no brainer and even with the difficulty it will still be profitable. I'm thinking of buying 2 L3's. I just have to do more research. I'm not well versed with mining.

Sounded the same for me, so I did what you are thinking of. Bought 2 L3's, now I am waiting for the Giga Pods to be completed

cryptodv

hero member

Activity: 1092

Merit: 507

btcstakes.com

Quote from: Bendra on July 09, 2017, 12:43:54 PM

Quote from: cryptodv on July 09, 2017, 12:32:08 PM

Sorry for the redundant question, I asked this on the Slack but no one answered. How much LTC can one L3 miner yield within let say a month? Would more than one be recommended, or is 1 sufficient? I've never mined before. I have over 1k tokens.

This is how much you currently get with a L3+ miner and hosting/electricity costs with WTT tokens:

http://www.mycryptobuddy.com/LitecoinMiningCalculator/path?hashrate=508&powerCost=0.03&power=880

Well, that sounds like a no brainer and even with the difficulty it will still be profitable. I'm thinking of buying 2 L3's. I just have to do more research. I'm not well versed with mining.

Bendra

newbie

Activity: 33

Merit: 0

Quote from: cryptodv on July 09, 2017, 12:32:08 PM

Sorry for the redundant question, I asked this on the Slack but no one answered. How much LTC can one L3 miner yield within let say a month? Would more than one be recommended, or is 1 sufficient? I've never mined before. I have over 1k tokens.

This is how much you currently get with a L3+ miner and hosting/electricity costs with WTT tokens:

http://www.mycryptobuddy.com/LitecoinMiningCalculator/path?hashrate=508&powerCost=0.03&power=880

Mr Frog

full member

Activity: 168

Merit: 100

Bitcoin is the King

Quote from: cryptodv on July 09, 2017, 12:32:08 PM

Sorry for the redundant question, I asked this on the Slack but no one answered. How much LTC can one L3 miner yield within let say a month? Would more than one be recommended, or is 1 sufficient? I've never mined before. I have over 1k tokens.

The L3+ is really good. The amount will decrease with the time. Difficult to predict the future. But at the moment it is around 0,95 LTC per day I think.
https://www.litecoinpool.org/calc?hashrate=504&speedunit=MH%2Fs&difficulty=275720.58842735&price=49.09884¤cy=USD&power=880&energycost=0.03

cryptodv

hero member

Activity: 1092

Merit: 507

btcstakes.com

Sorry for the redundant question, I asked this on the Slack but no one answered. How much LTC can one L3 miner yield within let say a month? Would more than one be recommended, or is 1 sufficient? I've never mined before. I have over 1k tokens.

Mr Frog

full member

Activity: 168

Merit: 100

Bitcoin is the King

GigaWatt Mining Tour
By Crypto Clover

https://www.youtube.com/watch?v=4Juv8qMdN5Y

Mr Frog

full member

Activity: 168

Merit: 100

Bitcoin is the King

Quote from: inspiredinvestor on July 07, 2017, 09:33:11 PM

Quote from: Mr Frog on July 07, 2017, 06:34:20 AM

So anybody saying that this is not a good Project.

I am asking again. Anything better to propose for hosting mining solution ? Coz after looking at it I cannot see anybody offering a better deal.

I agree Mr. Frog looks like a really good deal. Having read the white paper and the existing set up and business that's there. I live in Australia and Electricity costs are crazy expensive.

I do have questions for Giga Watt about the tokens and rental arrangement

1. Is Giga Watt responsible for finding people to rent the Tokens/Watts we have purchased?

2. Will the Token Watts will be bundled together with other peoples to be rented out?

congrats of a good ICO.

The only thing I know about that is that GW is a very responsible and transparent company and that they definitely try to keep a good balance in between all the investors in order to have the tokens rented by miners who need it.

They will create a platform where miners and tokens holders can deal with the rent. As I understood.

Mr Frog

full member

Activity: 168

Merit: 100

Bitcoin is the King

There is one thing I am quite sure is that some miners doesn't want you to mine. Because more miners less profit for them. So they will tell you how hard it is. And that it is not profitable.
That you should not invest in mining because you will loose money at the end.

IT'S ALL FALSE.

if it was true well NOBODY would be mining. NOBODY would be buying equipment from Bitmain or others... but the problem is that they are all out of stock and you need to order 2 months in advance to get them... really !?

Well. Something doesn't match here... !!? Is everybody gone mad buying stuff to loose money ?
NO

Mining still profitable if you are doing it the right way.
Electricity cost still the biggest problem to stay in profit and for sure it is impossible to get some profit mining BTC in most countries.
But there is plenty other coins to mine.

Giga Watt understood that and they have one of the cheapest electricity rate in the world. That is why mining with them is profitable.

raynman

full member

Activity: 152

Merit: 100

Quote from: pieleca on July 08, 2017, 07:28:01 PM

Quote from: raynman on July 08, 2017, 04:34:25 PM

Quote from: pieleca on July 08, 2017, 01:59:30 PM

How do I rent the miners?
I have 68 tokens and I do not know how to have miners.

You cannot use 68 tokens to host ANY of the miners.
It is just not sufficient to cover the rated wattage (plus 10%) of the miners.
The minimum tokens you need is 880, to host one Antminer L3+.

Then you better sell my 68 tokens?
what would you do?

You can rent out your 68 tokens to other GigaWatt miners who do not have the tokens.

Or you can sell your tokens on the HitBTC exchange once they are listed there.

https://hitbtc.com/exchange/WTT-to-BTC

pieleca

member

Activity: 86

Merit: 10

Quote from: raynman on July 08, 2017, 04:34:25 PM

Quote from: pieleca on July 08, 2017, 01:59:30 PM

How do I rent the miners?
I have 68 tokens and I do not know how to have miners.

You cannot use 68 tokens to host ANY of the miners.
It is just not sufficient to cover the rated wattage (plus 10%) of the miners.
The minimum tokens you need is 880, to host one Antminer L3+.

Then you better sell my 68 tokens?
what would you do?

pieleca

member

Activity: 86

Merit: 10

Quote from: Mr Frog on July 08, 2017, 02:10:25 PM

Quote from: pieleca on July 08, 2017, 01:59:30 PM

How do I rent the miners?
I have 68 tokens and I do not know how to have miners.

You cannot rent them until they release the tokens. You just brought them so far.

For the miner visit the giga watt site. They have miners available. But still at a later date to be release.
--> https://giga-watt.com/

Thank you very much for the information

raynman

full member

Activity: 152

Merit: 100

Quote from: pieleca on July 08, 2017, 01:59:30 PM

How do I rent the miners?
I have 68 tokens and I do not know how to have miners.

You cannot use 68 tokens to host ANY of the miners.
It is just not sufficient to cover the rated wattage (plus 10%) of the miners.
The minimum tokens you need is 880, to host one Antminer L3+.

Mr Frog

full member

Activity: 168

Merit: 100

Bitcoin is the King

Quote from: pieleca on July 08, 2017, 01:59:30 PM

How do I rent the miners?
I have 68 tokens and I do not know how to have miners.

You cannot rent them until they release the tokens. You just brought them so far.

For the miner visit the giga watt site. They have miners available. But still at a later date to be release.
--> https://giga-watt.com/

pieleca

member

Activity: 86

Merit: 10

How do I rent the miners?
I have 68 tokens and I do not know how to have miners.

Mr Frog

full member

Activity: 168

Merit: 100

Bitcoin is the King

Quote from: cryptodv on July 08, 2017, 01:32:31 PM

Hi, need some help or advise. I purchased a little bit over 1k tokens. I know jack about mining, I'm more of an investor. As a beginner, what miners should I buy to send to Giga Watt? Any suggestions? I think I want to mine LTC.

You need to go here --> https://giga-watt.com/

Or send an Email here --> [email protected]

L3+ is a very good machine to mine LTC.

cryptodv

hero member

Activity: 1092

Merit: 507

btcstakes.com

Hi, need some help or advise. I purchased a little bit over 1k tokens. I know jack about mining, I'm more of an investor. As a beginner, what miners should I buy to send to Giga Watt? Any suggestions? I think I want to mine LTC.

btcapollo

member

Activity: 115

Merit: 10

Quote from: ZedZedNova on July 08, 2017, 12:08:04 AM

Quote from: btcapollo on July 07, 2017, 11:22:28 PM

I asked this question in the Telegram channel but didn't get a satisfactory response. Perhaps someone here can answer my questions.

I was told that miners are only allowed to mine BTC, ETH and LTC with Slush Pool and Litecoin Pool. Furthermore, miners are aggregated into Giga Watt's account at each of these pools, i.e. miners don't have individual accounts at these pools. (Please correct me if I'm wrong.) This obviously needs some serious auditing. How do miners know they are receiving what they should be receiving? Why aren't miners allowed to have own separate accounts with these mining pools? Huh

The proceeds from mining goes into their account so that they can keep track of what your miner(s) has mined so that they can deduct their fees. From what I can tell by reading the info available in the WTT white paper and the web sites, Giga-Watt pays out daily. Given that you know the hash rate for your miner(s) and the network difficulty, any decent mining calculator (or your own calculator or spreadsheet for that matter) can tell you the expected output. Deduct the daily fee for your miner(s) and you should be able to calculate the deposit to your account.

Here is a decent calculator: https://bitcoinwisdom.com/litecoin/difficulty
It's not fancy and doesn't consider power costs, but it gives you an idea. Here is another one that does take into consideration the cost of power: https://bitcoinwisdom.com/litecoin/calculator
and another: http://[Suspicious link removed]/yanebqbx -or- http://preview.[Suspicious link removed]/yanebqbx (this shortened URL goes to whattomine.com, the preview link allows you to see the original URL I shortened)

By doing it this way Giga-Watt makes sure that they get paid and not scammed for the fees to run the miner(s). Oddly enough there are an amazing number of scammers on the internet, and some of them use crypto-currencies.

Also, somewhere in an earlier message on this thread, it was mentioned that additional coins/pools may be considered.

I imagined the reasoning would be along these lines. So rather than deducting fees as earned and playing "big brother" to all customer accounts, why not just switch to a prepay model. It's easy to know what your equipment will incur in fees for the next 30 days. For example at $0.033 kWh, it will cost $34.58 per month. This would also alleviate the limitation on pools and mining coins other than BTC, LTC and ETH. If you don't top up your account at the end of the 30 day period, your miner gets shut off and Giga Watt isn't scammed or losing any fees.

ZedZedNova

sr. member

Activity: 475

Merit: 265

Ooh La La, C'est Zoom!

Quote from: btcapollo on July 07, 2017, 11:22:28 PM

I asked this question in the Telegram channel but didn't get a satisfactory response. Perhaps someone here can answer my questions.

I was told that miners are only allowed to mine BTC, ETH and LTC with Slush Pool and Litecoin Pool. Furthermore, miners are aggregated into Giga Watt's account at each of these pools, i.e. miners don't have individual accounts at these pools. (Please correct me if I'm wrong.) This obviously needs some serious auditing. How do miners know they are receiving what they should be receiving? Why aren't miners allowed to have own separate accounts with these mining pools? Huh

The proceeds from mining goes into their account so that they can keep track of what your miner(s) has mined so that they can deduct their fees. From what I can tell by reading the info available in the WTT white paper and the web sites, Giga-Watt pays out daily. Given that you know the hash rate for your miner(s) and the network difficulty, any decent mining calculator (or your own calculator or spreadsheet for that matter) can tell you the expected output. Deduct the daily fee for your miner(s) and you should be able to calculate the deposit to your account.

Here is a decent calculator: https://bitcoinwisdom.com/litecoin/difficulty
It's not fancy and doesn't consider power costs, but it gives you an idea. Here is another one that does take into consideration the cost of power: https://bitcoinwisdom.com/litecoin/calculator
and another: http://tinyurl.com/yanebqbx -or- http://preview.tinyurl.com/yanebqbx (this shortened URL goes to whattomine.com, the preview link allows you to see the original URL I shortened)

By doing it this way Giga-Watt makes sure that they get paid and not scammed for the fees to run the miner(s). Oddly enough there are an amazing number of scammers on the internet, and some of them use crypto-currencies.

Also, somewhere in an earlier message on this thread, it was mentioned that additional coins/pools may be considered.

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