Newbie.

Read up that person got their refund today.

Also credit/debit cards can be backcharged or fraudulently used and it is a security concern, because if its stolen it can be weeks later before a chargeback occurs.


@cryptonomos,
Hitbtc does futures trading, they most likely bought some wtt in the ico and are offering token iou's for when the ico is complete.
The coins they currently have trading are nothing as of yet, but eventually do become real (as far as I've heard). Its so they can profit off of the trading fee's early on.  Also WTT is doing well there (almost double current ico price) speaks well for WTT or poorly for btc lol

What they mean by 'security reasons' is that they don't want to be scammed by scammers doing chargebacks on credit cards after purchasing miners hosting space.

I bought an L3+ miner from them and there was a slight discrepancy between what they asked me to send and the actual BTC price, because there was a sudden increase of the BTC price in the time-frame of the scheduled payment. They agreed to refund the 0.05 difference. That to me proves they are not scammers. Also, the fact that their CEO is David Carlson should increase the confidence levels. Their customer support team is small at the moment and they are trying their best to deal with all the problems that might arise.

Guys I need some help from you im new to this stuff.

So I want invest in this, but how?
From what I understand; you register on the website and then you get the wallet where you send your ether/bitcoin to and then they send you an E-Mail with the keys for the coins or am i wrong about something?

ooohhhh so i get a wallet on their website, right?

Do you think that the coin will rise soon after release?

Alright so for the following examples:

1 miner, 10 miners and 100 miners will be used.
I will be using the LTC miner as the main use because the numbers are so much easier all data used for this is from this moment and cryptocompare.
1 miner is 880 tokens currently $880 and the miner cost is 1550 meaning profit begins at $2,430 or $1,550

Mining equipment amount   profit per day with tokens   profit per day without tokens*    total profit difference*    days until tokens & miner are paid off/Days until miner paid

1 LTC miner 504 mh/s                 $26.29                                    $24.93                                $1.36                                 93 days   or    62 days
10 LTC miners 5040 mh/s           $262.90                                   $250.72                             $12.18                                93 days    or    62 days
100 LTC miners 50400 mh/s       $2629.00                                $2523.41                            $105.59                               93 days    or    61.5 days



However mining equipment lasts lets say 2 years, (despite the tokens effects lasting for 50 and that difficulty stays the same forever and ever in this example)
How long at max would it take to pay for these tokens per tier given:
648 days from mining profits alone with 1 miner
722 days from mining profits alone with 10 miners
833 days from mining profits alone with 100 miners.

Now I personally believe and this isn't meant to sway an opinion one way or another (But if it does my WTT referral link longs for your click) that given the mindless nature behind this form of mining after 2 years most miners having at current rates approximately 635~ days of pure profit with the token would likely reinvest and get more new miners or begin mining something new.  So given that you have 635 days of pure profit even with the tokens paid for immediately at the start and not taking the long way through it and using only your profit difference to pay for the tokens -- your next set of miners would already have this price reduction in hosting costs, and if you choose to not continue mining well you've paid off your tokens 100% and your miners 100%; you could either rent out your tokens and earn a steady daily income -> calculator on the website, or sell your tokens for at the very least what you paid for them as I don't believe mining will ever truly die to PoS/Masternodes.




(I would be interested in knowing if they buy our miners from us at a point to recycle, or if they would ship them to us for our reselling pleasure)


*Profit without tokens goes up non linearly because if you host a lot of miners you do get a discount hence why the with token profit goes up linearly.

Batch 1 will be the first to receive their tokens, after batches will follow later.

Thanks for the detailed Information bud,
I think the best for me is to just rent them out though, im not interested in mining, yet.

What about trading, will this coin be available on Poloniex?

Depends which miner