1) purchace L3+ from gigawatt (not bitmain)?
880 token cover costs of hosting, electric, setup and maintenance of the miner for 50 years?? hummm
i dont get how they work? that is supper cheap maintenance fee? or is it expected that the token price to increases in future?
is token tradable like crypto?
https://bitcointalk.org/index.php?topic=1914900.0it states:
"Each Giga Watt Token (WTT) represents the right to sue the Giga Watt processing center's capacity, rent-free for 50 years, to accomodate 1 Watt's worth of mining equipment power consumption."
= sounds like rent,host, electricity, maintenance free for 50 years to me.
but then....
it states:
"Usually, Giga Watt charges hosting fees which covers the rent of facility capacity, and electricity and maintenance.
Token owners pay no rent, which further slashes ongoing cost."
token owners pay no rent, what about electricity and maintenance on my hardware? i guess the electricity is going to be the biggest cost.
assume they sell all 30m tokens for USD1.1 = they will have 33mil is enough for them to pay/rent land, build pods, and pay for electricity + maintenance for 50 years??
what if electricity cost doubles in his area in the next 2 years?
for 880 tokens = USD968 assume i mine for 2 years only, that is USD 40 a month how is that going to cover their cost of rent/electricity? thats only 2 years not 50 year
if 50 years its only USD1.6 a month?
Am I missing something????
rayman have you read their 29 page whitepaper ? lol
i getting keen on this idea, will probably have to read it myself soon before i buy in.
IINM, they still charge 7.5 cents per kW/h for electricity and maintenance. Only setup fee and facility rental fee are waived.