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I think the best course of action would be to have a vote to remove/replace management.
This should happen soon before garr is slammed by the law.
If the feds do come for him, they will have a plethora of broken laws to choose from.
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Hello Some days ago i asked about when i'll be supposed to get my desk and my rig and i get an answer 5 days after.
On my order status it's written february week 5 and they say i'll get them at the end of april (week 18 of 2014)
So i'll wait for that.
If have shipping on march week 1, they told me delivery will be end of april too (week 18 of 2014). My order is January week 5.... 2014 last time I looked. 12 weeks late so far... This is the life of crypto miner. I give up trying to buy the larger hashing rigs. They look a better RoI, but become door stops after an 8 month delivery timeline. Clearly these guy are not looking to make a long term business out of this venture. Why not just give up preorders? |
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Bcp19 do you admit that butterflylabs is either the worst, or competing for the title of worst bitcoin company in existence at this time?
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My only fear that this umbrella company will ultimately lower AM divs and therefore devalue AM shares.
Who knows if FriedCat will even sell to this guy. Has he ever said he would? Also there is a plan B in the OP more or less saying he will just buy from other people.... I'm really shocked this is selling at all... BTC land is insanity. Rockxie has been selling AM hardware since AM began hardware sales last year. You can find a few of friedcats posts where he mentions rockxie as a verified reseller. |
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For me it looks like AM is not willing to issue profits as dividends to the shareholders. So they set up another company, which is maybe RM, holding 80% of RM's shares. Then they sell the chips to RM in a lower price, which means lower dividends as AM's shareholders would expect. Then the margin would be totally at RM's side.
======Everything above is only my assumption.======
Unless there are other companies than RM are also purchasing chips from AM, then I would highly doubt there is benefits tunnelling behind the scene.
Why do people assume FC is out to pull a fast one? Must I remind everyone that after collecting 20,000 btc during IPO, AM proceeds to pay out 200,000 btc in dividends alone. Financial reports are public and there is no trickery going on. And what makes you assume RM is the only customer for gen3 chips? I assume every asic hardware manufacturer will be using AM's chips soon. |
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if anyone can comment on how good ~$270/kWh/month is, that's what we've got.
That's pretty bad actually. $270/month/kwh = $0.375/kwh Compare that to other industrial scale mining operations which will get around $0.01-0.05/kwh This can't be exact. If the price is that high, it must include air conditioning cooling (which would be perfect for the CT hardware). Why does it matter what is using the electricity? |
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That rockminer IPO is something else didn't even launch to complete itself  Wonder who bought all the shares in Pre-IPO only a 36 hour old thread probably the same group of persons that "bought" the other 60k shares  60k shares are held by rockxie & company so nobody bought them. And it is not like some random shady company asking for funds out of the blue. This is a verified reseller of AM hardware. |
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It is a bit absurd that hashfast has such a surplus of chips and yet they apparently are in need of a bailout from cognitive to fund a second production line.
How is hashfast even short of money when they ripped off each of their customers?
The real reason I wouldn't work with hashfast is their inability to honor a contract. I don't think even bfl has breached and modified contracts so many times.
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Question to the community:
For SP30 it's too late (we're too deep into the design) but for future miners, is LCD with Hashrate / Temperature / IP / other status desirable ?
If so, what data to display ?
Would it drop efficiency? If not then things to display would be everything in cgminer + temps |
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All shares has been bought in preIPO period.
IPO is completed.
Thanks for your concern.
Congrats. Now someone put a PT on havelock. |
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if anyone can comment on how good ~$270/kWh/month is, that's what we've got.
That's pretty bad actually. $270/month/kwh = $0.375/kwh Compare that to other industrial scale mining operations which will get around $0.01-0.05/kwh |
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I think the important things we should be talking about are:
Efficiency - If the board can beat the layman's metric of 1 watt per GH/S this board will be in the mix.
Price - Looks like the Chinese miners are coming out at about $3.50 per GH/S inclusive of PSU, controller, cooling, and shipping. I'd be happy to pay a slight premium for a product designed in the USA by people that I trust.
Sshh they'll hear you. Edit : That being said 1watt per GH/s puts this board in play for the long term. You're joking right? Even if it did get 1w/gh, which it doesn't, it still would not be in play for the long term. 1w/gh was impressive 6 months ago when bitfury/knc achieved it. Asicminer/knc/spondoolies next gen miners are all expected to be less than 0.5w/gh. |
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I think the important things we should be talking about are:
Efficiency - If the board can beat the layman's metric of 1 watt per GH/S this board will be in the mix.
Price - Looks like the Chinese miners are coming out at about $3.50 per GH/S inclusive of PSU, controller, cooling, and shipping. I'd be happy to pay a slight premium for a product designed in the USA by people that I trust.
Chinese miners/bitmain/spondoolies are less than $3/gh for a complete miner that gets 0.9w/gh at the wall and they all ship now. Hashfast evo is $3.5/gh that gets around 1.2w/gh at the wall and by time these finally ship they will be obsolete and competing with 0.5w/gh miners. Its hilarious you trust a total fuck up more than international companies which have proven themselves. How can you justify supporting a company which has deliberately ripped off nearly each and every one of its customers? |
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But AM has their crazy immersion cooling setup... Why would they want to let all that investment go to waste?
Too expensive apparently.
6. I read, that you are also interested in self mining, what is the expected size of Rockminer mining operation? Do you want to use immersion cooling or air cooling?
Mainly are cooling,immersion cooling is too expensive.
Is renting a massive datacenter to air cool 1MW worth of hardware really better than a nice little efficient immersion cooled datacenter that can fit in a storage container? FC already said the immersion cooled datacenter will be used and it will be more than 1PH. That is in addition to the air cooled datacenter and franchising. |
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Are you going to address the issue regarding hashfast?
Yes: Cognitive Mining (The corporation involved in this company) is in no way affiliated with Hashfast and never will be without raising a motion. Cognitive (A separate entity) is one controlled by me and is involved in deals with Hashfast. This does not effect Cognitive Mining or Cognitive Mining shareholders whatsoever. I apologize for the confusion that comes from the similar names. The hardware (eight Terraminers) is en route to the Canadian datacenter with a scheduled arrival time of Wednesday at 12pm EST. Best, Garrett Just to be clear, you are using your own personal funds to bail out hashfast and any profits from this venture will not go to cog shareholders correct? Correct. Cognitive Mining is not in anyway involved with Hashfast. Thanks for clarification. Are you aware that dragonminers and spondoolies are both $3/gh and 0.9w/gh at the wall for complete miners? And you are charging $4.3/gh for a preorder of an incomplete miner that gets 1.2w/gh at the wall. |
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Are you going to address the issue regarding hashfast?
Yes: Cognitive Mining (The corporation involved in this company) is in no way affiliated with Hashfast and never will be without raising a motion. Cognitive (A separate entity) is one controlled by me and is involved in deals with Hashfast. This does not effect Cognitive Mining or Cognitive Mining shareholders whatsoever. I apologize for the confusion that comes from the similar names. The hardware (eight Terraminers) is en route to the Canadian datacenter with a scheduled arrival time of Wednesday at 12pm EST. Best, Garrett Just to be clear, you are using your own personal funds to bail out hashfast and any profits from this venture will not go to cog shareholders correct? |
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Even if you did manage to properly cool your laptop and let it mine for a few months it would still probably cost more in electricity than you earn.
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Unrealized gains are very different from actual BTC on hand.
yup, anyone can make their own website and claim all sorts of unrealized gains when they are the ones reporting the price. (and odds are the only one buying and selling) it is pretty lulz but if he can get away with it, why not? It boggles my mind that people presumably trust mpex enough to fork over the minimum of 10btc. The trading on mpex looks so unnatural its a joke. It's almost as if mircea doesn't care that you know he is the only one trading/pumping his stock |
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For me as outsider it looks like jimmothy is a paid shill/troll from an competing Bitcoin investment plattform.
It's obvious he has vested intrest in the discussion and is not neutral.
Any guesses as to where he is coming from? So I was thinking: It costs something like 25 btc to register an account on MPEx (assuming you get a referral, why wouldn't you?). It costs something like 1 btc per month to have an asset listed on Havelock (at least, that is what I remember from their IPO prospectus, correct me if I am wrong). So if a company expects to be in business more than 2 years (why would you list a company if you don't expect it to last that long?), it is actually a better deal to go the route of listing on MPEx than Havelock. havelock only requires fees to list a security. Mpex requires 30btc for anyone and 5btc back per person you recruit. How can you compare the two? |
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I wonder when will the havelock open for trade of cog again?
We are not sure exactly when Havelock will open Cognitive trading again, however Garrett has been in close communication with them, and they will likely resume trading once the hardware is in Canada hashing. Just an update: The six units that have just been shipped from CoinTerra are scheduled to arrive in Bozeman tomorrow, which will be immediately reshipped to Canada. The other units that have already been sent are supposed to arrive in Canada today. - Samuel Are you going to address the issue regarding hashfast? |
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