Bitcoin Miner Giga Watt to Launch Token Crowdsale

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by Tatsiana Yablonskaya · 3 min read
Bitcoin Miner Giga Watt to Launch Token Crowdsale
Giga Watt's brand new billboard on the 405, on the way to Los Angeles International Airport. Photo: Giga Watt/Facebook

The crowdsale of Giga Watt tokens that will start at the beginning of June offers an access to professional mining with an extremely low entrance threshold.

Blockchain crowdsales solution Cryptonomos has announced the upcoming start of token crowdsale that will provide access to the capacities of cryptocurrency mining facility Giga Watt.

The bitcoin mining company founded by Bitcoin mining veteran Dave Carlson offers turnkey mining services or custom packages tailored to the needs of customers. The full set of mining services range from equipment sales, maintenance and repair to private blockchain servicing.

The crowdsale starts on June 2, 2017. The Giga Watt token, WTT, will tokenize the processing center’s capacity to accommodate one watt’s worth of mining equipment power consumption, rent-free, for the lifetime of the hosting facility (which makes up about 50 years, according to company’s estimates). Thus, Bitcoins will be mined for less than $500. Token owners can use the capacity to accommodate their own miners or to rent it out to other users. Generally speaking, Giga Watt offers an access to professional mining with an extremely low entrance threshold.

Besides, Giga Watt’s facilities power any proof-of-work miner, so mining Ethereum, Litecoin, and additional cryptocurrencies will be available for WTT token holders in the future.

“By tokenizing our mining infrastructure, GigaWatt is finally able to extend our huge economic advantage to anyone in the world, large or small, to run their own mining business and be successful by having our expert team build and manage it,” said Dave Carlson, founder of Giga Watt. “This is a move to decentralize the global balance of mining power and put it back in the hands of the little guy. The home miner built Bitcoin, and I want anyone to succeed as a true participant in the explosive growth of cryptocurrency mining.”

Although Giga Watt is registered in Singapore, the facility is located in the US state of Washington. Thus, the company enjoys benefits from the low electricity costs that the state is known for. Giga Watt has already completed the initial stage of construction and is actively mining now.

This week, one more crowdsale was launched. VOISE, the blockchain-based platform dedicated to artists and music lovers, started Voisium tokens (VSM) crowdsale as a part of its alpha stage plan for the development and release of a range of client software. Voisium (VSM), the native cryptocurrency on VOISE platform available for purchase, is based on Ethereum smart contract technology. The platform has set a finite supply of 100 million VSM tokens, making room for appreciation of its value as adoption increases.

The crowdsale started at 02:00 GMT on May 6, 2017 and will last for one month. It will be finished at 14:00 GMT of June 6, 2017.

Bitcoin News, Blockchain News, Cryptocurrency News, News, Token Sales
Tatsiana Yablonskaya

Taking strong interest in blockchain, cryptocurrencies, and IoT, Tatsiana Yablonskaya got deep understanding of the emerging techs believing in their potential to drive the future.

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