Considering doing the Giga Watt ICO https://cryptonomos.com They are sold out of Panda Miners but you can ship them one if you can find it in stock and also rent out tokens to other miners. The calculator on their site shows lowest rental rate for tokens returns 36% and if you use tokens to host your miner you lock in 3.3cents kwh. Seems like a no lose deal, difficulty or price drop and I'd still be profitable at 3.3c kwh, and if/when we go PoS then I can rent tokens to Bitcoin miners at min 36% return still generating income after PoS. Is this the best way to invest right now with the lack of available AMD cards or would building a GTX 1070 rig be better and if so why? Really like some feedback on this.
So far on Giga Watt they seem legit and established company. If you search CEO name on coindesk for articles well you can see for yourself coindesk.com/?s=dave+carlson
And I found a local radio station with the board of economic development in Washington state county Giga Watt is building in, it's only 6 minutes but the local government seems to be fully supporting Giga Watt expansion koho101.com/2017/03/port-of-douglas-county-approves-new-data-pods-at-pangborn-business-park/
And the part that really has me ready to invest is their instagram, a picture is worth a thousand words kind of thing https://www.instagram.com/gigawatt_mining/
So Giga Watt is legit. My power is .09cents kwh so I'm average or slightly below and obviously at current prices profit isn't a question. 1070 cards going for ~$400 and can get 30mhs after overclocking. Not sure what resale value will be, guess it depends on when ETH goes PoS and current market and how many other miners are dumping used cards on the market. I kind of like the 1070 better than the panda miner, but having hosted mining below my costs is appealing, and having tokens to rent out after PoS is even more appealing.
So which route would you go, ICO and a Panda Miner hosted when they become available, or build another rig but use GTX 1070 cards since AMD hard to find and over priced?
So far on Giga Watt they seem legit and established company. If you search CEO name on coindesk for articles well you can see for yourself coindesk.com/?s=dave+carlson
And I found a local radio station with the board of economic development in Washington state county Giga Watt is building in, it's only 6 minutes but the local government seems to be fully supporting Giga Watt expansion koho101.com/2017/03/port-of-douglas-county-approves-new-data-pods-at-pangborn-business-park/
And the part that really has me ready to invest is their instagram, a picture is worth a thousand words kind of thing https://www.instagram.com/gigawatt_mining/
So Giga Watt is legit. My power is .09cents kwh so I'm average or slightly below and obviously at current prices profit isn't a question. 1070 cards going for ~$400 and can get 30mhs after overclocking. Not sure what resale value will be, guess it depends on when ETH goes PoS and current market and how many other miners are dumping used cards on the market. I kind of like the 1070 better than the panda miner, but having hosted mining below my costs is appealing, and having tokens to rent out after PoS is even more appealing.
So which route would you go, ICO and a Panda Miner hosted when they become available, or build another rig but use GTX 1070 cards since AMD hard to find and over priced?