NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning

Giga Watt’s First Hardware-Backed ICO Makes Crypto Mining Profitable

newsbtc
newsbtc
1 year ago
3 mins read
giga watt

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Cryptocurrencies can’t exist without mining. The miners are the backbone of the networks, providing the necessary processing power. Without them, none of the cryptocurrency transactions would be possible. But with the constant increase in mining difficulty it has become virtually impossible for individual miners to derive economic benefits from mining. As cryptocurrency mining gets more and more cost intensive, Giga Watt project has come up with an innovative solution, WTT tokens, which democratizes the mining process by making it more affordable.

Giga Watt has announced the crowdsale of its WTT crypto tokens, which went live on June 2, 2017, allowing cryptocurrency community and even newcomers to blockchain to become part of its initiative. The crowdsale, which will go on until July 31, 2017, is open to the public across the world. The cap is set at 30 million WTT, offered at a price range of $1-$1.2 during the ICO.

The WTT Token Launch is conducted by Cryptonomos platform, and the token holders are offered an opportunity to take advantage of the Giga Watt’s full-service mining solution at attractive prices. Each WTT token gives the owner access to 1 watt of the mining facility’s capacity for a duration of 50 years. The number of WTT tokens a miner would need to purchase is determined by the wattage of their particular mining equipment. Token holders can either choose to use the allocated power themselves to run their own equipment or rent it out to other miners and earn from it. In other words, WTT tokens represent space on the shelves to allocate mining equipment at the company’s facility. Also, WTT owners are charged a hosting fee at less than half the standard rates, which makes running own mining equipment more attractive.

The founder and CEO of Giga Watt Dave Carlson explained the advantage of the token sale initiative over other cloud mining services by saying,

“By tokenizing our mining infrastructure, Giga Watt 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… 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.”

Giga Watt has announced that for every 100 WTT tokens sold in the ICO, the company will expand the facility’s capacity by 115 watts (15% extra). By factoring in the benefits, WTT holders can mine cryptocurrencies at less than half the price it would cost otherwise, which, when combined with the potential value appreciation, may bring huge financial benefits in the long term.

The platform has already sold over 9 million tokens in 15 days of the ICO, putting the capacity of the facility at around 10 MW. With this Token Launch, Giga Watt has gained the distinction of organizing the first ever hardware-backed ICO. And, given the increasing interest in cryptocurrency mining among the community and the people behind this project, Giga Watt token sale presents itself as an attractive opportunity for those who want to be part of this revolutionary concept.

Tweet123Share196ShareSend
newsbtc
newsbtc

newsbtc

Leave a Reply Cancel reply

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

Leave a Reply Cancel reply

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

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Web2 Habits, Web3 Rewards: How FUNToken Makes Crypto Feel Natural

Millions of users spend hours each day engaged with mobile games, chat communities, and social platforms. They expect seamless interfaces,...

News BTC 8 hours ago
Bitcoin

Bitcoin SOPR Signals More Gains Ahead Despite New ATH – Analyst

In the past week, Bitcoin has grabbed the major headlines as prices surge to a new all-time high of $118,856...

Semilore Faleti 9 hours ago
Dogecoin

Dogecoin Megaphone Pattern Confirms Price Blowup, ‘Don’t Miss This Last Rally’—Analyst

Crypto analyst TradingShot has drawn attention to a bullish pattern for Dogecoin, indicating that a significant price surge is on...

Scott Matherson 11 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Bitcoin

Bitcoin Bulls In Cloud 9? Analyst Identifies Where Risk Lies

Opeyemi Sule 3 hours ago
Bitcoin

Bitcoin Price Break Above $118,000 Just The Start, Analyst Unveils ‘Golden Number’

Scott Matherson 6 hours ago

Pi Network Turns Heads With Symbolic Transfers, $20M Volume Spike

Christian Encila 8 hours ago

Premium Sponsors

Press Releases

  • ビットコインが11万8,000ドルの最高値を記録する中で注目すべき仮想通貨プレセール

    ...

    7 hours ago
  • 仮想通貨 おすすめ|急騰するDogwifhatとFartcoin、注目の低価格ミームコインとは?

    仮想通貨...

    7 hours ago
  • 新しい仮想通貨価格動向|話題の最新コインの成長可能性

    ...

    8 hours ago
  • アルトコイン注目銘柄|2025年7月第2週に見るべき3銘柄

    ...

    8 hours ago
  • ロビンフッドが1ドルから始めるETHとSOLのステーキングを開始──今注目の仮想通貨投資はこれだ?

    ...

    8 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.