Bitcoin Mining Facility Giga Watt to Launch Token Crowdsale
- Giga Watt token holders will also be able to mine Ethereum, Litecoin, and additional cryptocurrencies in the future.
Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term crowdsales solution Cryptonomos has just announced the launch of a token which offers access to the capacities of cryptocurrency mining facility Giga Watt, built by Bitcoin mining veteran Dave Carlson.
The London Summit 2017 is coming, get involved!
The Giga Watt token, WTT, will be offered on Cryptonomos beginning June 2, 2017, and 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 the company estimates to be about 50 years). This would allow Bitcoins to be mined for less than $500, according to the firm’s estimations.
David Carlson
"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."
Giga Watt’s facilities also power any proof-of-work miner, so WTT token holders will also be able to mine Ethereum, Litecoin, and additional Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term in the future.
While the company is registered in Singapore, Giga Watt's facility is located in the US state of Washington in order to benefit from the low electricity costs that the state is known for. The initial stage of construction has already been completed and is actively mining.
Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term crowdsales solution Cryptonomos has just announced the launch of a token which offers access to the capacities of cryptocurrency mining facility Giga Watt, built by Bitcoin mining veteran Dave Carlson.
The London Summit 2017 is coming, get involved!
The Giga Watt token, WTT, will be offered on Cryptonomos beginning June 2, 2017, and 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 the company estimates to be about 50 years). This would allow Bitcoins to be mined for less than $500, according to the firm’s estimations.
David Carlson
"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."
Giga Watt’s facilities also power any proof-of-work miner, so WTT token holders will also be able to mine Ethereum, Litecoin, and additional Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term in the future.
While the company is registered in Singapore, Giga Watt's facility is located in the US state of Washington in order to benefit from the low electricity costs that the state is known for. The initial stage of construction has already been completed and is actively mining.