Dear friends,
Are you familiar with the Giga Watt Project? It's about to have its ICO. Here is a summary:
It’s the world’s first full-service mining solution provider. The Giga Watt team provides turnkey mining services or custom packages for miners. Anyone can take part.
The Giga Watt team handles the construction of the facility, they buy the equipment, they do maintenance and offer support.
The Giga Watt facility is located Wenatchee, WA, so that it can take advantage of the cheap hydroelectric power provided by the Columbia River. [WA prevents state utilities from selling power above cost, and any rate changes must be approved by state regulators. That’s one of the reasons it has the lowest electricity costs in the nation.]
A mining facility with a comparable setup cost would take 11 months to get its investment back. With Giga Watt, it’s just five to six months.
Anyone can take part in Giga Watt via the Giga Watt token (WTT).
You can do two things with the WTT --
Become a miner yourself. Each token represents the right to use the Giga Watt processing center’s capacity rent-free for 50 years, and it is valued at WTT of mining equipment power consumption.
You can rent out your tokens to generate annual income. The ICO site has a calculator to estimate annual returns (https://cryptonomos.com/wtt/calculator)
Giga Watt’s ICO for WTT starts June 2. A pre-sale, for purchasers of more than 10,000 WTT, is already on. Token launch site: https://cryptonomos.com/wtt/ As usual, you can sign up for a reminder.
You can learn more about Giga Watt at https://www.giga-watt.com. The white paper is here: https://cryptonomos.com/wtt/white-paper.pdf
(The founder, Dave Carlson, was at Consensus 2017 and talked about his project.)
Bye for now!