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Author Topic: Starting a new FPGA mining farm/contract! Cognitive Resurrected on[Havelock]  (Read 300467 times)
SaintFlow
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July 24, 2013, 06:01:14 PM
 #1041


The pirate gets what he long deserved,
However currency or stock or digitalcurrency or whathave you,
if it originates within the US, its the SECs buisness.... NOW

Soo ... I request,
you consider,
thats all.

don't let me make you question your assumptions
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PinkBatman
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July 24, 2013, 07:35:50 PM
 #1042

What in the world is going on? Shares down at .4XBTC.
adameb
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July 24, 2013, 07:38:44 PM
 #1043


The pirate gets what he long deserved,
However currency or stock or digitalcurrency or whathave you,
if it originates within the US, its the SECs buisness.... NOW

Soo ... I request,
you consider,
thats all.

Nothing in the SEC's pursuit of pirate indicated that they were even remotely going to start pursuing bitcoin exchanges and companies like bASIC or Cognitive.  This case represents the criminal charges brought forward towards him for his ponzi scheme.  By nature of the crime and law, it was a SEC case.  Its a big leap to assume that they're going after any US company running a bitcoin mining cooperative, unless it were exposed likewise as a ponzi scheme, and several complaints were brought forward to police.

Will Dance For Satoshis - 1F1q93wAqgH8WFghRKpnBW8HxShuzkRrqc
TheFuneral
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July 24, 2013, 11:15:59 PM
Last edit: July 24, 2013, 11:26:32 PM by TheFuneral
 #1044

why are people buying this for .91BTC. It's not profitable even with 960gh/s now which we don't have. That's 92Mh/s per .91BTC share

you are in the minority if you are asking this question Roll Eyes


Tafelpoot
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July 25, 2013, 08:49:53 AM
 #1045

looks like cog is walled off between .50 & .6445 now.
Tafelpoot
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July 25, 2013, 01:26:47 PM
 #1046

looks like cog is walled off between .50 & .6445 now.

it wont stay, cog is pretty solid and more stuff is one the way. im just holding.
Next dividend should be around 0.023/share...
This is about 10x what it was 2 weeks ago, while share price only rose 2x compared to june average.
And cogs hashing power will double quite soon..
adameb
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July 25, 2013, 01:46:43 PM
 #1047

Next dividend should be around 0.023/share...
This is about 10x what it was 2 weeks ago, while share price only rose 2x compared to june average.
And cogs hashing power will double quite soon..

.023/share?  That seems pretty high; 240 coins mined?

Will Dance For Satoshis - 1F1q93wAqgH8WFghRKpnBW8HxShuzkRrqc
Tafelpoot
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July 25, 2013, 02:01:04 PM
 #1048

http://btc.re/?t=miningcalc
0.00001609/Mh * 377Mh/share * 7days * 50%dividend = 0.021

However, we had 2 days at previous difficulty as well.
My calculation put us to 0.0227 for this week...
snowdropfore
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July 25, 2013, 02:07:51 PM
 #1049

looks like cog is walled off between .50 & .6445 now.

it wont stay, cog is pretty solid and more stuff is one the way. im just holding.
Next dividend should be around 0.023/share...
This is about 10x what it was 2 weeks ago, while share price only rose 2x compared to june average.
And cogs hashing power will double quite soon..

0.023??are you kidding??last week was 0.00090649.it means almost 25 times!!

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coco23
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July 25, 2013, 02:18:41 PM
 #1050

http://btc.re/?t=miningcalc
0.00001609/Mh * 377Mh/share * 7days * 50%dividend = 0.021

However, we had 2 days at previous difficulty as well.
My calculation put us to 0.0227 for this week...

According to the latest news Cog has 393Gh which is approx 37.7Mhs/share

with your calculation the div should be 0.0023
Tafelpoot
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July 25, 2013, 02:19:00 PM
 #1051

Last week was only one day with BFL rig...
Edit: indeed, it looks like the 377Mh/share is not correct.. even Garr quoted me there  Undecided
Thanks for the correction!
KCBitcoin
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July 25, 2013, 02:22:08 PM
 #1052

http://btc.re/?t=miningcalc
0.00001609/Mh * 377Mh/share * 7days * 50%dividend = 0.021

However, we had 2 days at previous difficulty as well.
My calculation put us to 0.0227 for this week...

According to the latest news Cog has 393Gh which is approx 37.7Mhs/share

with your calculation the div should be 0.0023
^ This ^
dexX7
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July 25, 2013, 08:14:08 PM
 #1053

Garr255, if I may ask, what is your position on this SEC "incident"?

dexX7
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July 26, 2013, 05:10:56 AM
 #1054

The presence of the SEC lead to a wild discussion about the future of BTC-TC and peaked when burnside published possible consequences for US share issuers and holders. After a day everyone calmed down and BTC-TC won't be closing it's doors to US citizens.

Garr255 (OP)
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July 26, 2013, 05:43:23 AM
 #1055

Garr255, if I may ask, what is your position on this SEC "incident"?

This is an announcement that I know will have varied opinions (Some will likely buy because of this, some will likely sell):

I do wish for Cognitive to comply with US and international regulations. I believe this "legitimization" would be beneficial for everyone involved. Obviously, this is an extremely long and difficult process. I will make announcements as things progress, but as of now, no action is being taken.

I will be speaking closely with the owner of BTC-TC and legal advisors regarding the matter.

Best,
Garrett

“First they ignore you, then they laugh at you, then they fight you, then you win.”  -- Mahatma Gandhi

Average time between signing on to bitcointalk: Two weeks. Please don't expect responses any faster than that!
Garr255 (OP)
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July 27, 2013, 07:56:24 AM
 #1056

We mined over BTC30 this week so dividend is going to be higher than it has been in a long time Smiley

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alexius89
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July 28, 2013, 11:52:44 AM
 #1057

any news about new ASIC's in the Future?

How come the Share Price is going down?

I thought Cognitive have a better situation than bASIC Mining?

mtrlt
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July 29, 2013, 12:38:41 AM
 #1058

COG.F2 is getting a low score on BTCT. Is there a plan B?
Garr255 (OP)
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July 29, 2013, 05:15:36 AM
 #1059

I'm working with BTC-TC to resolve this, so it shouldn't be a problem at all. As a backup, yes we could simply list on another exchange.

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medicine
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July 29, 2013, 06:08:33 AM
 #1060

I think we should set up a process for transfering cognitive-PT shares on ltc- global to full privilage shares on btc-tc. i asked burnside about it and was told to ask the security issuer. There should be a way to convert PT shares to direct shares.
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