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If there is an above average knowledgeable person on this forum who can answer this question please..
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Is there a catalyst that will push WTT tokens price up? And what is that catalyst.
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I ask that because, I am assuming that WTTs price is pretty much tied to the their electricity rate.
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If you are renting tokens out as I am you will make about .30 cents a year per token you rent out.
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You can make about 20% a year per rented out token with the price at $1.50 right now. If the token goes up to $10 then you will make only 3% a year per rented token.
Yea you nailed it on the head. Buying to rent the tokens are only going to be good if you buy them real cheap. If you don't get the tokens cheap than best to buy a miner to host with Giga-Watt, take a lower rate of return, or sell. As far as a catalyst that would drive the price unreasonable high . . . I'm guessing if other similar mining ICOs like Giga-Watt end up failing or if the USA is a favored mining location. Or if some new miners come out that are very profitable then a higher price of WTT could be afforded. Or if Giga-watt hosts GPU miners for decentrailzed computing which is "suppose" to be more profitible that mining in the future. Looks like they will be doing that already with PlayKey (an ICO for video-games). Miners will be hosted at Gigawatt for decentralized gaming GPU power. So yea there is a possibility of the WTT going much higher.
If there is a lot of competition for Gigawatt in the future and they don't offer other mining options other than BCN, Dash, Ltc, Eth than yea factor in electricity cost and make your calculations.