Topic: Beware GIGAWATT is SCAM!!! (Read 1627 times)

Define scam.

Insolvency which we are only learning from the media meeting the definition of scam?

https://www.coindesk.com/bitcoin-mining-firm-giga-watt-declares-bankruptcy-owing-millions

Their website https://giga-watt.com still looking normal as always as if no insolvency happened. They don't even bother giving us any update.

It's not a scam, but the experience here isn't 5 star.
I did a steemit post about it

Read more here

What is Giga Watt Coin?
The Giga Watt Coin provides access to the crypto- mining operation of former Microsoft engineer Dave Carlson, who worked on digital assets prior to Bitcoin’s invention with the multinational technology company. Read More https://www.geekxplore.com/giga-watt-coin.html

I think this is a DISGRACE !!!

I MEAN THIS THREAD !!!!

I have watched these guys since I don't know when - its an AMERICAN MINING FARM - A REAL PLACE !!!

This is not a scam of any sort, its a simply amazing, astonishing IDEA- come to life.

They envisioned these PODS, not huge buildings, but a purpose built building, a bit like a garage in shape, but a little larger, to facilitate air flow, with YOUR MINERS in them, you pay for electricity and service and they provide the rest.

OR - you throw some cash at them and they will even do the clicking and buying of the miners for you.

I have mentioned recently on this forum and I will say it again - STOP USING THE WORD SCAM !!!

It's frigging stupid and meaningless ok !

Is this real - YES !

Are they thieves - NO !

Are they lying - NO !

And if you don't believe an impartial bystander then its simply ( your effing numpties)

1). GO VISIT THEM - IN REAL LIFE - AT THEIR REAL PLACE ! (twats)

or

2). Click and READ a bit you ignoramous - https://giga-watt.com/

Now shut up and let a REAL opportunity BE JUST THAT - god knows there is enough SHIT and WANKERS out there making out online investing lives a misery - FOR YEARS !

Oh - and NO - I have not invested !!!

Who gives a shit about this place - not me - but I won't listen to CRAP and NONSENSE.

Regards,

Brundon.
PS. SHIT means BOVINE EXCREMENT and is not actually a swear word, CRAP is meaningless but is taken as a word that means rubbish and TWAT is a made up for an IDIOT !

In my language a scam is a scam

NONSENSE. IT IS NOT A SCAM

I bought 261 Tokens, received them and rented them out. The token took longer to get and as of Nov 30th, I put them up for rent. 175 tokens are now rented and earn small amounts of BTC, LTC and Eth.  I will break even in a few months and will double my money if I sell the tokens.  How exactly is this a scam? FUD tarnishes our investments, please don't make stupid comments that are fabricated.  It does no one justice.

Update -- just got a response today and was given this helpful link

https://medium.com/gigawatt

I wanted to like them - but their lack of transparency and dedicated customer support with quality updated information is getting a bit much.

I was told I will be deployed in either Pods 1 and 2 end of Oct2017. So this is the informed decision I made to stay and wait (instead of selling my equipment etc)

Fast forward 6 weeks, still no update and I was told 2 days ago (Dec 4) that I am part of Pod 4 for deployment --- Pod 4 is still not finished as of 07Dec2017

Company is not a scam but not a good business either to engage with. There is an underlying loss of potential revenue for each day we dont mine.

I am contemplating a legal remedy --- for those who are on the same boat and would like a result soon or transparency - perhaps we can connect   --  [email protected]

they are thieves!
I know people who have lost a lot of money with them

Really a scam?? Maybe a bit disorganized and bit of a lack of transparency for now. Have you not seen what they're building out there in Washington? You can't fake that. There is a lot money poured into those facilities over there. Let them work out the kinks and you'll probably regret those words later.

every day into the their comunication change something
The days pass but always saying we ... 2WEEK - 4WEEK

repeat the Inspection over more of a week
but nobody mining.

I invite you to joined at the official GW telegram chat
for to hear instead of talking void

this isn't a lie and the reality only and a  warning that
the project of Gigawatt is going as Scam!!!
do you like it or not baby

KIN ICO'd at $0.0001 and it now trades for $0.0000651134.
WTT ICO'd at $1.00 and now trades for $2.00.

https://coinmarketcap.com/currencies/giga-watt-token/
https://coinmarketcap.com/currencies/kin/


Perhaps you should look up the word "real". A thousand users is no less real than a trillion users.
In fact, the number of users is irrelevant.
A lot of scam coins have had tons of users who made tons of money. But they had no product and no real business model.
Gigawatt on the other hand, has a real product and a real business model.

I was referring to the plethora of ICOs that offer nothing and are just abstract ideas.
Vs. GigaWatt which is a real thing, with a physical presence that is verifiable.

Enjoy your KIN. I'm going to enjoy my profit.

Really ? Look to Kin... https://kin.kik.com
Or AppCoins: https://appcoins.io

Millions of users. That's real.

The problem with your statement is that it is a lie.
GigaWatt is mining right now. all you have to do is look at a big litecoinpool to see that they are one of the biggest LTC miners on the planet at the moment.

You're mad. You have no money. You're desperate. We get it. But making up lies is not going to get anyone to help or support you.

Gigawatt emailed me many weeks ago stating that they would mail me my miner at their expense, if I wanted. Everyone got the same offer.
You chose/choose not to take that offer. So your miner is just sitting there.
I got three of my miners and sold them on ebay for $3,500 - $4,000 each. That is an option for you too.

They made an HONEST miscalculation.

You want me to feel astonished that there is a delay of a few months? This is nothing. A blip.

GigaWatt is one of the very few ICOs I have seen in the past two years that has REAL product, REAL staff, REAL offices, REAL licenses, and real value.

Your WTT money is in escrow. Your miner is available to you whenever you want it. As far as your WTT, you can sell them if you want that is up to you.

You sound pathetic. GigaWatt is a great project.  I get PMs from people asking to buy WTT that I don't even have yet! That never happens with other tokens.

You need to calm down and start using logic instead of emotion. You're not thinking clearly. Or you are just completely out of your competence.

Either way, stop crying. You're an adult. You made a decision. This is a high risk game.
And frankly, if you would just calm down and be patient, you will likely end up being a very smart investor, as I have never seen a more legitimate ICO than GigaWatt.
Seriously, most ICOs are a blatant and obvious scam with no real value and nothing but a silly idea.
GigaWatt is real, which is more than I can say for almost all ICOs.

You made a great investment, unlike many of the suckers here. Be happy and be ready to enjoy the benefits.

And yes, I know what a gantt chart is and I know what a roadmap is. Those are silly (and quite frankly, stupid) things to keep bringing up.

This is why I always to my friends and colleagues at work say that you need a very detailed analysis of each project and the team and then give their money.

Inspection over, but not mining, Gigawatt Scam!!!

You are outright lying.

ok tanks for your reply ...  i understsand that ypu don't know thing is a GANTT or a  roadmap

Inspection over, but not mining,

Giga is a Scam

So, you acknowledge that your OP is a lie. Some ICO buyers have gotten their tokens. Whether it was two months ago or not has nothing to do with the statement you made.


I don't think I am the one having a hard time understanding.
Perhaps you don't know what the word "scam" means.
You should be careful when using non-native languages.

Batch 1 and Batch 2 are few token and it's  been issued by now more of  2 month ago

I'm spoke of a miner that i have bought at 31 may 2017 and yet not is up&running


MAY 2017  !!! you understand?? You know thing is a GANTT? a roadmap?


JUNE....
JULY....
AUGUST....
SEPTMBER
OCTOBER,,,

and yet it not is ready !!!!


You know thing mean this for world of the crypto ?.....a eternity . I take maybe a day of iron old and i will have lost all my investment...


let's not talk then of options that  GW has give for the his late
You join at the official chat and see how many people are angry for not
to have a support

They not answering  at the email  and when answering says to you
that anyone thing  takes 2-5 weeks!!!!

formidable this GW

The SEC regulates security instruments, like stocks. Some coins are security instruments, because the coin is just a speculative instrument that carries a significant risk of loss of investment.
Some coins, like WTT, are not securities because they have an actual purpose besides being speculative instruments. Therefor, the SEC does not care about WTT, imo. Why? Because anyone buying WTT is led to believe that their purpose is one of two things: 1) to get discounted space at their facility and 2) to rent out to other people for a profit.

#1 is like a Sam's club membership. You pay a fee. You get some credentials (an ID in the case of Sam's, a token in the case of WTT). And you use the credentials for access and discounts.
#2 is like a house. You buy a house and then rent it out to other people for a profit.

Neither of these is considered a "security" because the profit from the investment are not expected to be generated soley through the efforts of the third party. You are actively involved in the use of your token and you play a role in any profit they might make for you.

https://en.wikipedia.org/wiki/SEC_v._W._J._Howey_Co.

https://www.cuttingedgecapital.com/what-is-a-security-and-why-does-it-matter/

So... complain away; poor victim.

This is a LIE. Batch 1 and Batch 2 tokens have been issued. People are renting out their tokens AS WE SPEAK.

I understand you are upset that you're tokens are not issued yet because there is a delay.
But what you are saying here is completely false.

And seriously everyone, if you have ever been involved in a tech project, a couple month delay is far from unusual. It is not ideal. It does often reflect a mistake in planning. But it is also completely normal and perhaps even the defacto standard.

If you're the type to over react and panic and not able to sit through a few months, then seriously, any sort of investing, beyond day-trading, is just not for you.

Last thing: Giga watt has acknowledged their mistake and offered you (and everyone else who bought a miner) free shipping to send your miner to any place you ask. You can send it to another facility. Or you can send it to your home. They made a mistake. They have been fairly transparent about it (just a little slow to announce). They are offering to send the miner to you. And they are working 24-7 to get more pods up. What else would you have them do? They cannot circumvent the inspectors.

Why would I do that ?
It's a great project for the crypto community and the decentralization of the mining space. It gives people like you, me, and others the possibility to have their rigs host in a safe environment with vey small fees and very competitive electricity rates.

I support them all the way. I will never complain to the Gov.
How stupid is that. You don't get it obviously. Bad you can't do it yourself.

"They are pioneer in what they are doing within the US and Washington State. " - thats even better

there is something you guys can do, just send complain on them so SEC will deal with them, link: https://www.sec.gov/oiea/investor-alerts-and-bulletins/ia_icorelatedclaims

guessing, those people will be happy having that job to do:  http://www.newsbtc.com/2017/09/26/sec-opens-cyber-unit-govern-ico-projects-tackle-cybercrime/

They are pioneer in what they are doing within the US and Washington State.

Delays are due to Inspectors mostly. (PSUs from Bitmain not UL Certified and not approved by inspectors) And they've been very regarding during all steps of the PODs building. 7 City inspections for each Pod.

It has not been100% transparent that is true. We were kept a bit in the dark at the start but now that the First 2 Pods have been Final inspection approved it will go much better.

You bought end May. I bought mid June. It is coming soon.

Each step, each pod need to be inspectors approve. It takes time & GW is not in charge of everything. Gov. is in charge also and sometimes they slow things down.

- 2 Pods are running.

- 1 Pod waiting final inspection. (Where our gears are maybe)

- 1 Pod is Hardware deployment. (Or here for our gears) and will then need:
  . UL listing inspection
  . Correction Based on UL Inspection
  . UL Labeling
  . L&I Final inspection - Occupancy
  1 week total I think.

- 6 Pods are under constructions.

They are late (8 weeks maybe at the end?). Very late but It is not a scam.

Same thing happened to a friend. I also heard about some people that have had their miners delivered to their facility and haven't heard from them since. I'm not one to bend the ear to every accusation out there, could be competitors or something, but in their case, with all the complaints, I think it's fair to say they're shady, at the very least.

Leave the poor guys be, they're very busy with counting the $15 million they made from their ICO.....

If that's true then it's very bad. But we need to hear more people testify to this.

Not agree with you.
I bought from ico and I dont receive my tokens like you, but the team are actively work and responsible, I hope they release our tokens sooner, but I do not call them scammer.

Today is 18 october 2017!

I have bought a minerL3+ to May 2017 and yet isn't  UP&RUNNING


WTT token of ICO never release to anyone


Don't bought WTT or Miner from Gigawatt


LOSS YOUR MONEY