Giga Watt – A Month Later is Still a No Go!

17 Apr

A month ago we have shared our negative experience with Giga Watt’s Miner Hosting Services and we just wanted to update you on the topic and still warn you to stay away from their miner sales and hosting services. Our December and January batches of miners that we have paid for back in November last year are still not deployed and not working and up until a few days Giga Watt was still selling new mining hardware for who knows when to be deployed (they have apparently stopped). Our disappointment with their services continues and it will get even worse for sure and they are just delaying and delaying month after month…

The WTT tokens are a bit better, but our disappointment extends there as well. There is still no price-varying real market for renting the tokens (you cannot use the tokens when your miners do not get deployed for months already). You still need to rent out all your tokens and you cannot rent them all even at the lowest price, so you are losing on that as well… no matter how much tokens you get you can rent maximum about 70% at the lowest price or less if you increase the price. Recently the company has risen the prices for electricity with 20% “in favor of the token holders”, but nothing really changes that much, at least your tokens should earn you a bit more. So we would also recommend not to go investing in WTT tokens now.

Other Similar Publications:

3 Responses to Giga Watt – A Month Later is Still a No Go!


April 19th, 2018 at 05:58

This article is not just painful for WTT investors but also for the poor English. Difficult to understand this article but from recent btalk forum posts it looks like they are finally installing hardware and getting things up and running.

Dark Skywalker

November 21st, 2018 at 15:18

I especially came back for this… Today Giga Watt declared bankruptcy.
“Giga Watt has estimated assets worth less than $50,000, whereas estimated liabilities are in the range of $10–50 million, according to the court documents.”


November 21st, 2018 at 16:03

Can’t say this was unexpected unfortunately, with the way they were doing things for months now…

Leave a Reply

Your email address will not be published. Required fields are marked *