I took this from the white paper:
Each Giga Watt Project Token (WTT) represents the right to use the Giga Watt processing center's capacity, rent-free for 50 years, to accommodate 1 Watt's worth of mining equipment power consumption. So to provision and use your mining equipment rent-free, you will need to purchase the number of tokens equal to your equipment's power consumption: Token owners can use this capacity to accommodate their own miners or to rent it out to other users. Essentially, this is access to professional mining with an extraordinarily low 13 134834324.1 entrance threshold. In fact, it could be compared to membership in an elite private mining club. Giga Watt's hosting fee typically consists of effective electricity cost, maintenance fee and rental fee. Token owners pay zero rent, which drastically reduces their ongoing costs: their hosting fee is comprised only of effective electricity cost and maintenance fee.
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I have questions about this token explanation (above) in order to value the token properly.
1. How much more am I making per month with one miner plus having all the needed tokens compared to someone else who has the same miner at Giga-Watt but does not have any tokens? If the difference in profit is significant over time, then the tokens have good value. If we can get a number cruncher on here to help out with the answer it would be appreciated. At what point in time do the tokens pay for themselves? I hope not after fifty years.....
2. I thought the hosting fee would be eliminated if you have the token, but apparently I was wrong. Please comment on this also.
Thanks, G.P.