Bitcoin mining ICO project plans to start in June. Famous American miners promote Bitcoin mining for the general public.

Carlson, one of the most famous Bitcoin miners , has gained worldwide attention after his multi-million dollar Bitcoin mining venture, Mega Big Power, nearly failed in 2014 when he was unable to purchase Bitcoin mining hardware from a partner.

(Giga Watt CEO Carlson, photo source: Golden Finance)

Carlson has earned thousands of Bitcoins and Litecoins through Bitcoin mining at different times, and now he just needs to wait to sell these digital currencies.

But Carlson now sees a boom in the emerging market for Initial Coin Offerings, or ICOs. ICOs are fundraising vehicles in which technologists create unique sets of encrypted data, link them to a blockchain, and then sell them to investors.

Into this seemingly expanding market, Carlson is launching a new venture. Called Giga Watt, the startup aims to fulfill Carlson’s long-held desire to make bitcoin mining accessible to more people. The ICO enables investors to buy a stake in his company’s services.

Specifically, investors will be allowed to tokenize Giga Watt's infrastructure, which is used to provide electricity for bitcoin mining machines and other operating equipment. The tokenized shares will be represented by the number of tokens generated by the ICO project.

(These Giga Watt infrastructures are mainly used to provide electricity for Bitcoin mining machines and other operating equipment. Image source: Golden Finance)

He told the media:

“You can look at this project because you are a power owner and people will pay you to rent your power infrastructure.”

The idea is an innovation and perhaps a deliberate attempt to leverage the ICO model to raise capital.

(Carlson plans to open Giga Watt's ICO project to the public on June 2. Image source: Golden Finance)

Carlson plans to open the ICO to the public on June 2, and Giga Watt has been actively exploring its sales and pre-sale options since the team was established.

For Carlson, the idea is designed to solve a long-standing conceptual problem with the bitcoin network — the inability of small bitcoin mining operations to compete with large bitcoin mining companies for the bitcoin rewards generated by the blockchain.

Carlson believes that Giga Watt, a managed services provider, sells its expertise and cheap electricity resources to make Washington state one of the more profitable areas in the world to operate Bitcoin mining equipment.

Carlson said those who participate in the sale will have their funds held in escrow until Giga Watt provides the power infrastructure. In turn, Giga Watt will invest its own funds in increasing its own bitcoin mining capabilities.

“I don’t want people to trade this token, even if people are willing to pay more than what we’re pricing it for, but it’s not a share in a company,” Carlson explained.

(Carlson hopes to make Bitcoin mining accessible to the general public. Image source: Golden Finance)

Carlson said Giga Watt plans to sell 30 million tokens.

“You can buy a token if it means something to you; a family can buy a few hundred dollars in tokens, or more.”

Now, Carlson is launching a website to support Giga Watt, which lists the available plans and the costs associated with buying one. (In the interest of transparency, the company lets buyers schedule an open house to see the facility.)

Carlson concluded:

“I firmly believe that every home in America can have a small bitcoin mining operation. It’s a vision, it’s possible, but if you’re not a bitcoin miner you don’t understand what the opportunity is, that’s the barrier.”