1) PandaMiner costs $1250, but you'd need 1375 WTT tokens to accomodate it at full hosting discount, that is correct. The amount of BTC in your wallet will be worth value corresponding to Kraken exchange at the moment of purchase. However, if BTC drops on day when buying tokens, you will receive fewer tokens, correct.
2) Tokens are not used to mine. They are used to either get hosting discount, or rent them out to get rental income.
3) You can get paid in BTC/ETH/LTC

we really should have all been referring eachother

I guess this is what I am trying to understand as well... So once the PandaMiner is no longer a viable option, if I am only paying for wattage, then what happens? I have to buy a new miner? Or do the tokens cover the additional miners?

I think we should all go to those dams, hijack their power and turn their damn into a giant farm... we could use the heat to turn the river into a hot spring and all go swimming.

this project seems to be good . really want to support it , but no bounties for that yet...pls help @dev post some task for us

How can I withdraw BTC/ETH? No menu for it.

If this is such a good deal, why the owners of the machines do not simply use them by themselves? Just trying to understand how it works.

GW sells the mining hardware, they don't own the hardware, they just host the hardware in their facilities and provide low maintenance and power fees due to them being near a hydro power plant.

Take the L3+ miner example. This mining hardware costs $1400 on Bitmain's site (including power supply) but that doesn't include shipping and customs taxes. GW sells it for $1550 final price. I'm from Romania and I'd have to pay more than $1800 to get the L3+ miner delivered to my place. Also, where I live the price per KWh is 3-4X higher than what GW is asking. Makes sense to mine at GW's facilities rather than at my own place.




That was a legal misunderstanding back in January 2017. They fixed all legal concerns already. There's no BITMAIN logo anywhere on their site and Jihan is nowhere to be seen in their team description. Of course BITMAIN doesn't want to be represented by a company that aims at decentralizing the mining power. I think it's clear by now that BITMAIN's agenda has been to centralize the Bitcoin mining power ever since they secretely introduced the ASICboost.

...and this is also related to my question "For what I see the mining facilities are in high demand. If the amount of tokens is so high that can't be effectively use because the building of mining facilities can't keep pace, what is the yield of those tokes if I can't use them for mine or rent them out? Thanks."

Then miner becomes inefficient, it's generated income equals power consumption - at this point, if you would like to continue to mine, you would need to purchase another miner. Tokens only give you space in facility, but you are responsible for purchasing the miners.