This is seeming more and more like a hostage situation. They are making it incredibly difficult for people to exit this failure of theirs.
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Sadly, if this was an up and running project, I would totally buy 10 S9's and sit back for years and years and gain btc. Their goal is to make large scale mining accessible to normal people, Which is an amazing idea! Which I love!
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This was a good idea! Embarking on an untouched atmosphere of possibilities for new businesses and innovation that helps those who aren't already Millionaires.
Personally, I will steer everyone away from GW within my 'small' circle of crypto maniacs.
Also another thing to be aware of. Gigawatt is giving people who bought tokens and miners the ability to resell their products, but they are offering consignment on one of their partner websites, for a large fee, of course.
So just to recap.
1. Token sale in June, collected millions of dollars(around 19m)
2. Price of BTC up from a low of 1800 to a high of 6000 today. (19m worth approx 60m today)
3. Miners implementation are delayed until March-April based on issues that could have been solved prior to token sale by having inspectors go over all the details.
4. Reselling miners for you for profit on their website(they take a cut of the sale). No refunds on tokens.
5. Internal issues were not sorted out before starting and collecting 18m in a token sale. Blame this on "growing pains"
6. No actual solutions, refunds, or otherwise to the customers of the project other than taking back your miners or wait.
7. Gigawatt Generating profits on 18m in Bitcoins for 9-12 months while you wait.
8. Gigawatt building out extensive power infrastructure at your expense.
9. Difficulty increasing exponentially on all Miners by the week.
So all the Gigawatt fanboys here, if this is how you think a good ICO should be run, and you think this was a good investment... Then let me let you in on my new ICO Bitcoinguy140watt. ICO starts soon.
In all seriousness, how could anyone with some common sense not see this as a blatant scam? I would like to hear some opinions.
I mentioned earlier that I don't think this is intended as a scam because they will even let you look tour their facility getting built with everything transparent. But I think they have some serious issues and should do something to compensate the batch holders for the delays. Investors may not have agreed to this ICO if they knew the actual delays possible. But then again, it is a speculation and you really don't know what will happen on new tech. It's not a scam.