Giga Watt mining operation raises $11m in a week of crowdfunding
Washington state-based Giga Watt's token crowdsale has generated more than a third of its $30m goal with more than a month remaining for investors to get onboard. Giga Watt, founded by ex-Microsoft engineer Dave Carlson, enables cryptocurrency mining via its WTT token. It facilitates bitcoin mining at less than $600, far below the online price of around $2,600. "This is a move to decentralise the global balance of mining power and put it back in the hands of the little guy", said Carlson.
The Giga Watt token crowdsale, providing access to the crypto mining operation founded by former Microsoft engineer Dave Carlson, has already raised $11.8 million - more than 30 percent of its $30 million goal - with just over a month left to go.

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The Washington state-based facility allows investors to participate in cryptocurrency mining through the WTT token. The tokens represent 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. Token owners can use this capacity to accommodate their own miners, or can rent out the WTT token to other users.

David Carlson

“By tokenizing our mining infrastructure, Giga Watt is finally able to extend our huge economic advantage to anyone in the world, large or small, to run their own mining business and be successful by having our expert team build and manage it,” said Dave Carlson, founder and CEO of Giga Watt. “This is a move to decentralize the global balance of mining power and put it back in the hands of the little guy. The home miner built Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term, and I want anyone to succeed as a true participant in the explosive growth of cryptocurrency mining.”

Giga Watt’s facility in Wenatchee is designed to allow Bitcoins to be mined for under $600, significantly cheaper than their online purchase price of nearly $2600 right now. Access to inexpensive energy makes the location economical compared to many other U.S. cities.

Giga Watt’s facilities also power any proof-of-work miner, so WTT token holders will also be able to mine Ethereum, Litecoin, and additional Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term in the future.