Jun 2nd 2017
a year ago
Jul 31st 2017
a year ago
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Giga Watt is a crypto mining facility with five megawatts of available power dedicated to running mining hardware and an additional 50 megawatts of power in development. Giga Watt is located in Washington state and has access to cheap, clean hydroelectric power at 2.8 cents a kilowatt hour. This rate is well below the United States national average of 18 cents per kilowatt hour and lower than the Chinese national average of 11 cents per kilowatt hour. According to CEO David Carlson, these low power costs mean that Giga Watt’s expenses average at around $500 per bitcoin mined. The object of the sale is an ERC20 token called Watt (WTT) which is backed by Giga Watt’s mining infrastructure and represents a single watt of mining power. As Giga Watt’s energy projects come on line and the facility adds additional power resources to their grid, they plan on issuing additional watt tokens. There will never be more watt tokens than there is available power at the Giga Watt facilities.
Giga Watt's distinctive infrastructure consists of numerous independent mining units. This approach offers flexibility in the farm’s capacity, minimizes construction costs and allows to bring capacities into operation progressively, while new units are being built. Our vast experience in building mining facilities gave us the expertise to select, build and employ the best technologies for mining. We know what works, and to accommodate all types of miners we are implementing the most cutting-edge proprietary solutions.