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RE: My experience with Giga-Watt Mining. A company without decency. The truth and nothing more or less...

in #gigawatt7 years ago

Same problem with Gigawatt with us as well. Our miners became operational after 2-months of delay (an eternity in this field) with 15% of the miners mysteriously being under "repair." After one week, 20% of our miners are now under "repair."

My guess is that they do not have the space to host all the miners and coins they sold, so they are running a complicated Ponzi scheme to decommission miners already operational to give to the new suckers they've convinced to buy into their shill. The reason for little to no response from customer support is because their staff likely are quitting already sinking ship.

The delays are likely due to monumental incompetence, rather than fraud, but if there is a class action lawsuit, we would gladly join.

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Yes a lot of people are still waiting. I hope for all investors this is not a scam. In December we should know if this is all a fraud, but I think not. I just think they are trying to pull their shit together and have no communication team

Gigawatt team is too incompetent even to pull-off a scam. Their support staff likely all quit, realizing that they are roped to a sinking ship, out in the middle of nowhere (wherever this Wakawaka Washington place is). If I were being harassed by a boss, who blames everyone and everything other than himself for the failure of his project, to work 7-days a week to meet a "deadline" that is 4-months past, I'd quit in a heartbeat. I guess Gigawatt's hiring high school kids, part-time at minimum wage to run a multi-million dollar project was not such a good idea. Why would any sane technical specialist move out to some nowhere hole for a company with little to no future?

Update 27th December. A part of the Tokens was released after Christmas. Nice? Not so, further delays ahead. Tokens can not be rented more than 60%, meaning 40% just do nothing. Little birds saying they have problems with the state. They are not getting the power needed to connect Pods. The State doesn´t want them there. All this time they come with lies, delay after delay. Big disappointment.

You'd think that with the millions he raised, the CEO could have sent some gratuities to state senators. What a failure of a businessman.

Foolishly bought 2 Dash Miners in January (when my crypto pumped!), said they'd "be live" in March...It's now Mid-June 2018 and nothing in sight...$3,600 for 2 Dash miners, now probably worthless...what a disaster...

Each passong month brings reduction in moning reward pool, so you've lost significant earning potential, even if Gigawatt gets your miners online today. Furthermore, the manufacturer's warranty likely has expired for your machines, and any future repairs will need to be paid by you.

From what I can gather, it is highly probable that your machines have been in operation since March, just not credited to your account. Dave Carlson and his ilk have likely used your machines to mine coins for their own accounts, and once your machines have been sufficiently worn-down, they will credit the machines to your account. Gigawatt is a nothing more than a Ponzi scheme.