what does it mean, ppb hold money for 16 days?
im just about to get some cloud mining too, i too have ppb card.

what other card did you use?

im keen on getting some ltc too, but did a quick looked around and there is not much info on this gigawatt, saw his youtube farm etc... not much people are saying much about WTT.

Im actually leaning on to buy the l3+ from bitmain themself and ship it from us to malaysia and mine myself,
just scared this gigawatt is some vaporware.

what are your thoughts?
i admit i have only done quick research on gigawatt,
genesis mining is no problem for me its reputable.

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=1914900.0

it 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.

This post has been edited by Leon be here now: Jul 5 2017, 11:09 PM

are you getting the
"Not eligible for checkout process. Requested amount (USD ) for x11 mining exceeds maximum daily amount (USD 100). Spent today already: USD"

I getting this too, i think what happen to me was i proceeded to the payment page without paying as I was reading on their tnc and waiting for raynman 3% code, maybe they giving me a timeout.

Ok raynman thanks for the clarification re electric cost 3.3c is cheap, honestly i have read that site https://cryptonomos.com/wtt few times yesterday, too much reading yesterday, still blur.

Ive done more reading since today
now just to use this link as a case study, im still confused,
https://cryptoinsider.com/good-true-intervi...r-dave-carlson/

First of all in the artical I lol so hard when i saw the pictures of signboard,
"Bought pizza for 5k bitcoins in 2010
Worht $3.5 mil now.
Most expensive chow of my life."

ok back to business
their example is running a 3x S9 @ 1455Watt each (daily hosting fee savings on 4365 WTT tokens when accommodating own miners.)
running a 3x S9 @ 1455W (1.1 * 1323W) web calculator
electricity for 4365W at USD 0.0033 per day $3.46
electricity for 4365W at USD 0.0033 per month $103.71

https://www.cryptocompare.com/mining/calcul...ostPerkWh=0.033

how did they come up with daily hosting fees ($10.21) ??

How did you buy this contract?
I actually went to check out hashnest 1-2 days before you posted re invested into hashnest (thats probably when you got your contract?) ,
and all i saw was L3 out of stock, and they want 3600.0 USD !!!
https://www.hashnest.com/hash_currencies/28/shop

and its still out of stock, L3+
How did you get a L3?? did you get it weeks ago?

humm, I thought the gigawatt website said delivery date was October?
then I checked bitmain, it said 21 to 30 September, this was few days ago tho.

Ohh I see its on the
https://www.hashnest.com/hash_currencies/28/trade_markets/22
- under Market Tab, i didnt even look their just looked at the Shop Tab.

where is the T&C on these open market contract? is it the same as the Shop Tab?

first of all thanks raynman for intoducing to us all these deals, I see you have alread help lots of people invest in cloud mining including me.

These open market price of L3,
Just read the T&C but have few question:
-I assume you buy Hashrate contract with no end date, similar to Genesis?
-Or do you actually buy the old 2nd hand Machine? what if it breaks down in 90days?

T&C states:
"If mining farms may no longer continue operating due to change in legal status, war, earthquake, fire, electricity failure, or other acts of God, Hashnest does not assume responsibility for compensation"

Meaning if they say their factory got burn down after a month coz if shitty electricity wiring, they will not compensate, Im assume they dont disclose where the miner is located?
What happens to your 90MHS? and 29LTC?

Using your example
Hashate MHS 90
Cost LTC 29.7698
Payout Total LTC 0.42032576
Maintenance LTC 0.0121640

My calculations are as follow:
your 90MHS consumes 144 Watt (L3 is 250mhs with 400watt)
us0.07 electric and maintenance fee per kw/h
Units per month 104
USD per day 0.24192 fee ?
USD per month 7.25 fee

But your screen shows
Maintenance LTC 0.0121640 which is about USD 0.52 ???
even if you divide 0.52 by 3 days since you run its still USD0.173?

to each his own.

Yes agree most important is ROI
ROI = (Gross income- FEE) / Total Investment * 100

I already put 90mhs, and 144 watt, and 0.07c electric, and 1% pool fee, in the online calculator, and ROI is about 6 months in theory
Just want to confirm with raynman if thats what he is getting.

As I cant workout raynman phone app if hashnet is showing similar figures on Payment and Fee which effects ROI, I cant figure it out thats why I asked him.
That is a fair question would you not agree?
No one will try to haggle with bitmain on fee price, this is not basak malam.

Online calculator ROI is one thing, and actual ROI is another thing,
Im sure you know this as well

And also in the unlikely circumstance the machine burns down after a month you rugi your 29 LTC?
or are you buying Hashrate like genesis, the T&C is not clear.

https://www.hashnest.com/hash_currencies/28/shop
T&C
2. Because redeemed hardware is, by nature, secondhand, Hashnest cannot guarantee the quality or remaining life of a machine. Older units may not hash as efficiently as they once did. Hashnest cannot guarantee that every redeemed machine will operate as though it were new.

Thats the plan

Just trying to find the figures.

Me Uncle no la...

daily income from Hashnet? Oh you are talking about this pic
https://c1.staticflickr.com/5/4262/35730208...0ee87ab44_c.jpg
That is much simpler to understand, not sure how I missed this message
0.0018*90*180 = 29ltc which is what he paid for, Nice!!

I was trying to work out from this other pic which is very hard understand (hashrate, cost, payout, maintenance)
https://c1.staticflickr.com/5/4263/35717427..._50f4e25936.jpg

Yes indeed this is within my expectation too, I will proceed with confidence now.

Thanks guys for all your help

LOL I wish that I was retired.
Maybe in 2-5 years if Crypoto booms we all may retire early

Is that what you thought I said, why dont you try reading it again?

My conclusion after spending a day reading is seems legit, but also too good to be true, but still legit
I was going to buy 2 unit L3+ last weekend, and let gigawatt host one, while I host the other one myself, hedging my bets.

Then my mining friend convinced me to host it all myself as we have the technical know how and location to do so, as I can get gigawatt to host it for me at a later time down the road, assuming I can rent/buy their WTT tokens. I dont mind paying extra for rent or buying WTT at US2 when the time comes, that the price for me waiting and see.
My friends L3+ will be arriving very shortly as he order months ago, setting up L3+ will be a piece of cake compare to GPU rig.
His associates are also going to by more L3+ in the near future, if for any reason I dont want to use my L3+ I should be able to sell it easily, may even Jack the price up a bit.


No one is perfect yah

I did forget about the PSU and delivery but that is still around 5.6 - 5 LTC extra, in all honestly I would not mind paying that.

Never claim I was smart, only claim I had more options then other people, I weigh my options and decide.

I asked my friends about repairs times, there are fast shipments methods to and from China, and we are prepare to take the risk.
Also with gigawatt you cant remote in to your rig, there is no way in knowing if they are oc'ing your rig and paying you the normal hasrate, or tell you that your rig is broken when it actual fact its not, or what if my rig got burn down in one of the pods they compensate? some skepticism is healthy

But like I said I have the technical know how and location to host it, these are my options, just feel safer if the I can have full control of my equipment.
I understand some people dont have accesses to spare/free rental property, also dont have the technical know how to maintain a rig, likes hassle free turn key mining experience, cloud mining suits them as its their ONLY option into mining, and it usually cost more but what choice do they have?

Like I said earlier I do think gigawatt is legit, and will most probably get them to host my rigs in the future, but for now my current options are explains above.

Oh one last thing that was strange about gigawatt, I think over the weekend I remember seeing their stocks are now push back to October, and since I saw bitmains website was cheaper and FASTER , still says September at the time I ordered, that is also a major major factor in my decision in hosting it myself.
Then recently gigawatt has updated their website and says its back to September, not sure whats happening there, creating some kind of panic buy?
Their Tokens are not all sold yet, I can always buy before it finishes, but with L3+ I dont have that option.

Time will tell with gigawatt, would love for them to host my rigs down the line when its no longer profitable hosting it myself as Malaysia electricity bill is high.
Who know by then maybe a L4 may be in the market, but at least by then every one will have a better feel about gigawatt.

Its all about options, claiming one option is superior then another option when they have no choice in options, is kind of like talking with an born and bread Christians vs Atheist

Sorry if I offend any Atheists / Christians out there.
Yeh religion is a touchy issue, you can swap it out with born bread Muslim vs Free Thinker as an option.
And apologist in advance if I offend any Free Thinker / Muslim out here too.

My thinking at the time was my personal experience born and bread Religion has been raised one way under their circumstance,
tens to be staunch on their view, their religion is the right religion etc...
and a Atheists / Free thinker has the ability to choose to be to remain as they are or to get involved in a particular religion if they choose.

Let me try to find another analogy:

Its like saying
Person A only has Malaysian passport, and can only work and live in Malaysia.
Person B has Malaysian passport, and also Singapore PR, Person B can live/work in both countries as they choose.

But then Person A keeps saying, how good Malaysia is compared to Singapore, and all the benefits that Malaysia has compared to Singapore
To a degree they start to mock Person B for living/working in Singapore.

In retrospect I should stay away from the religion topic, or even this Malaysia vs Singapore stuff.

As I have already explained I have options, and there are many ways to mine, all comes with pros and cons.
No single way is the right or better way.
And people should respect that.


This post has been edited by Leon be here now: Jul 13 2017, 05:11 PM

. double posted

This post has been edited by Leon be here now: Jul 13 2017, 05:11 PM

Yes true my analogy with religion is flawed, and I apologist if I offend any Atheist/Freethinkers/Christians/Muslims

Guess I should just stick with my later statement"

"I have options, and there are many ways to mine, all comes with pros and cons.
No single way is the right or better way.
And people should respect that"

lol, with Jack2/dc_talkz/Leon, no need to explain, and I feel you man.

I purchase 2 L3+ just last week, went through the same problems you are going through now

I open a Luno account, where you can deposit RM and use exchange and buy BTC, but that takes 2-5 days for them to verify IC/Address.
You better do this ASAP, as its the safest and fastest way to get BTC assuming you already got your acc verified.
I end up using my friends Luno acc to buy BTC, took 30-60 min from start to finish first payment, then it was at midnight, took longer then usual went to sleep, but it was all complete in the morning.
Coz the potential delay and my friends account is only Level 1 verification (RM10,000 per month limit) I also used some unknown guy on telegram group that my friend recommended, they all belong in a large group with verified members and mods, there are many sellers on this telegram group, I cant enter group as I still new.

Paid bitmain.com L3+ using BTC (better no need to convert to LTC)
At the time of my order can only get 1 PSU.
Few days later PSU restock, opted to pay using PAYPAL (can use paypall if its less then US200 i think), the fees were very high, should had paid with my BTC.

I actually email bitmain if I can deposit RMB to their acc as that would be my best option as have funds stuck in China, they just replied a week later they only accept BTC/LTC/USWIRE.

There are also many options in getting Crypot eg facebook,forum,exchanges websites etc.... But the safest if you use Luno or borrow a friends Luno account or find a reputable seller that you trust.
You should read the this first page, has lots of useful info re places to get Crypto, and lots of friendly/helpful people there too.
https://forum.lowyat.net/topic/4320604


I agree with you on this one

SpongeY:

My current plan was to host it myself fist coz I can I know how, got few free empty house/shoplots to choose which is a plus.
Later when ltc return/electricial cost gets low, I try get gigawatt to host, or even retire machines and get the new L4+ or what ever.

20 L3+ is a lot to hedge it all on gigawatt, overseas. anything can happen
initially I was going to host 1 form gigawatt, and other I host myself to hedge my bets, but then my friend convinced me to host it all myself, since I already got a few GPU rigs already, also ordering L3+ from gigawatt charge extra 5.6-5LTC each and takes weeks longer too.

You have warehouse and skills, options where most people dont, I suggest you do a hedge your bets, maybe 20/80
or do similar to me host myself, later get gigawatt to host (hybrid of best of both worlds), thats assuming you can still rent/exchange WTT tokens at a later time, currently their Tokens are not even sold out yet, its almost a month and they only sold half Tokens available.

No one can see the future, 20x L3+ in gigawatt is about RM285,000 or USD65k no small amount, there is no insurance,
you have options choose, if you split your hedge you create insurance.

https://forum.lowyat.net/index.php?showtopi...&#entry85606888
Look at this guy he/she has got 1000x units of old S7 to sell, probably in the mids of upgrading to L3+ too,
do you think this whale would use gigawatt? if they invest 1000x L3+ from gigawatt that is RM1.4mil, you cant even remote in to check/tune your rig.

Ha

Of course you all think its me, just let me say Its NOT, weather you believe it or not its up to you, I know its not me and that's what matters most.
I for one didnt start/continued all this nonsense and Im no door mat either, you had total 3 opportunity to reply, but I guess you realized you had nothing substantial to defend yourself. Instead you choose to keep at it. I do hope this stops and just continue with life.

If you read my history even all the way back to 2015, you will see a trend on how I behave online, its not in my nature to provoke or take revenge in virtual/real world, can you say the same about yourself?

Mind you there are 2-3 people that had already posted with agreement on the issue including the other thread, so Im guessing there are much more silent agreed users out there, would it be possible that one of them reported you? yes its is a possibility.Y

You all think its me, and I cant blame you actually, as I do seem like the biggest suspect.
But only a admin can clear my name, they dont need to say who reported it, just say its not me.
I doubt someone like goldfries would have time to meddle around petty politics, hopeful but inconsequential, I know who I am.

Peace y'all