Starting a new FPGA mining farm/contract! Cognitive Resurrected on[Havelock]

[iCEBREAKER]

[...]at the 28nm level[....]

Cointerra and Hashfast come to mind. Anyone knows any else that aim for 28nm?

ACTM and KnC are using a quick and dirty half-assed sort-of 28nm.

They could be first to market, but indications are indicating CT and HF will steamroll all other competition soon thereafter.

[superresistant]

Can anyone ELI5 why Cognitive holds 50% of mining revenue as a growth fund, but also dilutes shares with COG.F(x) growth funds?

COG.F(x) are big hardware investment.
These are vital for the COGNITIVE share to increase in value.
It may decrease the value of shares in short-term but it will increase them in the medium and long-term.

This is now a turning point : new hardware is coming with unbelievable hashing power. If COGNITIVE doesn't invest big right now, he is not likely to survive the next 6 months.

[medicine]

What do you guys think the odds are that cog.f2 will be converted to shares before cog.f1?  It seems like the former is selling better than the latter and I am a little confused why people would be selling cog.f1 for less, like around 3.5-4btc today.  It seems like they are the same thing and cog.f1 is extremely likely to be converted first.
Am I missing something?  I may be looking to purchase one or the other.
Peace.

[KCBitcoin]

Hi Garr,

do you mind to reveal some of the less sensitive information on the 28nm project?
for example, is there a rough online date that we can look forward to? or is there an estimated hashpower that the project can bring us?

Thanks,
KC

[Garr255]

COG.F(x) are big hardware investment.
These are vital for the COGNITIVE share to increase in value.
It may decrease the value of shares in short-term but it will increase them in the medium and long-term.

This is now a turning point : new hardware is coming with unbelievable hashing power. If COGNITIVE doesn't invest big right now, he is not likely to survive the next 6 months.

Thanks for further explaining this. Would anyone be opposed to doing a larger COG.F3? Possibly 500 contracts? This would raise 2500 coins, turning Cognitive into a big player. I believe large-scale expansion via fundraising is critical to our long-term success right now.

There is always more demand than supply for COG.F contracts, so I believe offering 500 instead of 100 would mitigate that problem (mind you it is an excellent problem to have ).

Cheers,
Garrett

[zefyr0s]

I wouldn't so much mind this, but I think first would be a good idea to specify what it would go towards and how long it will last. With that much larger of a fund, this is going to be more difficult. But I have a feeling you know this and are already planning its future usage should it actually happen.

[Garr255]

Hi Garr,

do you mind to reveal some of the less sensitive information on the 28nm project?
for example, is there a rough online date that we can look forward to? or is there an estimated hashpower that the project can bring us?

Thanks,
KC

Hey KC,

I'm currently working under an NDA so what I can share is limited, however that will expire when they announce their products publicly (at a significantly higher price point) later this month. The team designing the chips is rock-solid, based in the USA. I foresee hashpower coming in at the rate of less than $8/gh which is the best you can find anywhere. To put that in perspective, at the rate of $100 usd per btc, with our current funds + the proposed COG.F3 we could purchase around 40 TERA hashes/s. That's 40,000 GH/s

Cheers,
Garrett

[Garr255]

I wouldn't so much mind this, but I think first would be a good idea to specify what it would go towards and how long it will last. With that much larger of a fund, this is going to be more difficult. But I have a feeling you know this and are already planning its future usage should it actually happen.

Yep it will be for the same product as COG.F2, and will most likely be converted in December or January.

[Garr255]

If there are no objections to issuing an additional 600 COG.F2 contracts (as opposed to waiting for COG.F3 to approve on btc-tc), then we should go ahead and do that ASAP.

Cheers,
Garrett

[medicine]

As long as the funds are going towards purchasing and managing hardware, I am for it.  If the issuing of additional contracts coincides with XXX developer company's public announcement, the additional contracts may get a little more attention from the community.  Ideally they would mention Cognitive somehow as one of their larger customers.  That would be cool, and just an idea.
Peace

[blackswan]

I don't have a problem with the additional COG.F2 contracts.  It may help to release the additional contracts and release details about the developer and the chip deal at the same time.  If so, those shares would sell much quicker.

[superresistant]

As long as the funds are going towards purchasing and managing hardware, I am for it.  If the issuing of additional contracts coincides with XXX developer company's public announcement, the additional contracts may get a little more attention from the community.  Ideally they would mention Cognitive somehow as one of their larger customers.  That would be cool, and just an idea.
Peace

How I see it :
The group buy more efficient hardware with COG.F2. Once the hardware operating, Cognitive can advertise as the most efficient mining company ever. As a consequence, the price per share will skyrocket.

[btcboston]

I think it's a good idea, but it's also something that should be voted on by the shareholders.

[KCBitcoin]

Nice dividends!

yea, finally everything is working this week.

[KCBitcoin]

at the moment of writing, another 130k chips have gone out, and will proceed to ship more as we get them. ( and no, they are not samples.)

    - Quoted from Yifu, in https://bitcointalk.org/index.php?topic=269950.msg2947834#msg2947834

Seems like the Avalon chips are getting shipped now. Please let us know if you get any delivery notice, garr.

[investr]

Please oh please don't tell me http://www.butterflylabs.com/monarch/ was the secret 28nm producer LOL

[stabs]

Please oh please don't tell me http://www.butterflylabs.com/monarch/ was the secret 28nm producer LOL

It looks like you can spend your chip credits on one, maybe we should entertain that?

[KCBitcoin]

Friday/Saturday, August 16/17, 2013 Shipping Update
by BFL_Jody  , 08-17-2013 at 03:55 PM
Jalapenos: December 10, 2012 pay date

Little Singles: Oct. 1, 2012 pay date No Little Singles shipped today

Singles: July 3, 2012 pay date

MiniRigs: MiniRigs for June 23 (2nd 500gh/s unit) and July 22 for 1st 500 gh/s

[redbeans2012]

Friday/Saturday, August 16/17, 2013 Shipping Update
by BFL_Jody  , 08-17-2013 at 03:55 PM
Jalapenos: December 10, 2012 pay date

Little Singles: Oct. 1, 2012 pay date No Little Singles shipped today

Singles: July 3, 2012 pay date

MiniRigs: MiniRigs for June 23 (2nd 500gh/s unit) and July 22 for 1st 500 gh/s

Any idea the date ours were ordered?

[KCBitcoin]

Friday/Saturday, August 16/17, 2013 Shipping Update
by BFL_Jody  , 08-17-2013 at 03:55 PM
Jalapenos: December 10, 2012 pay date

Little Singles: Oct. 1, 2012 pay date No Little Singles shipped today

Singles: July 3, 2012 pay date

MiniRigs: MiniRigs for June 23 (2nd 500gh/s unit) and July 22 for 1st 500 gh/s

Any idea the date ours were ordered?

july 14