Bitcoin Forum
December 03, 2016, 05:47:57 PM *
News: To be able to use the next phase of the beta forum software, please ensure that your email address is correct/functional.
 
   Home   Help Search Donate Login Register  

Warning: Moderators do not remove likely scams. You must use your own brain: caveat emptor. Watch out for Ponzi schemes. Do not invest more than you can afford to lose.

Pages: « 1 ... 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 [61] 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 ... 158 »
  Print  
Author Topic: Starting a new FPGA mining farm/contract! Cognitive Resurrected on[Havelock]  (Read 274488 times)
theterabyte
Member
**
Offline Offline

Activity: 118


View Profile
September 05, 2013, 06:38:43 PM
 #1201

I haven't been following the avalon mess that closely - is everyone getting refunds, or just people who asked?  Are we in a group buy that has gone the refund route?  Are we sure cognitive's avalons are a no-go then?  Links to evidence if possible please?  Obviously, Garr comment would be best but he's a busy guy...

My Bitcoin Tip Jar: 11Ws5nzwy44cMcymu6ddRxdp9uvDonNqB
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
Mytche
Jr. Member
*
Offline Offline

Activity: 57



View Profile
September 05, 2013, 08:53:48 PM
 #1202

I don't understand why there is even talk of a refund of Cog.F shares.

If Cognitive holds a motion to request a refund on avalon chips then the funds would be used to purchase other mining equipment.  The shares would be dispersed when that mining equipment is hashing.  That is the only reasonable interpretation of the contract.
"COG.F is an asset representing contracts for delivery of COGNITIVE shares that will be issued upon arrival of mining hardware purchased with COG.F funds"  

Note there is no actual mention of avalon or any other hardware manufacturer.

BTC 1MytcheCNTURK58uXouejeh8yTiYJKWw4Y
btcboston
Member
**
Offline Offline

Activity: 99


View Profile
September 05, 2013, 09:07:42 PM
 #1203

I don't understand why there is even talk of a refund of Cog.F shares.

If Cognitive holds a motion to request a refund on avalon chips

I don't understand why there is even talk of a motion since, at this point, Garrett has made it clear that he does whatever he wants without going to shareholders.

Garr255
Legendary
*
Offline Offline

Activity: 952


What's a GPU?


View Profile
September 06, 2013, 08:24:19 AM
 #1204

I will be raising a number of motions regarding all of these events soon, along with details for everything.

Our 7 SC Singles will be arriving early next week!

“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!
zefyr0s
Sr. Member
****
Offline Offline

Activity: 245



View Profile
September 06, 2013, 11:27:06 AM
 #1205

Good news! Thanks Garr!
Tafelpoot
Full Member
***
Offline Offline

Activity: 191


View Profile
September 06, 2013, 12:03:53 PM
 #1206

Quote from: CogF
If there isn't enough demand to purchase a single bitcoin miner after a week of the first sale of a COG.F contract, COG.F purchases will be refunded
Quote from: CogF2
... silence ...
Garr, please define the refund policy for CogF2 in the contract & use motions before you add extra shares. You got 3 replies in this thread on your question to issue extra shares, that is not representative at all.
I understand you are really busy right now, but you should have sorted it out before the release.
I'm looking forward to your update.
servicelabs
Hero Member
*****
Offline Offline

Activity: 770


service-labs


View Profile WWW
September 06, 2013, 02:41:15 PM
 #1207

I will be raising a number of motions regarding all of these events soon, along with details for everything.

Our 7 SC Singles will be arriving early next week!

Good news!

Garr255
Legendary
*
Offline Offline

Activity: 952


What's a GPU?


View Profile
September 06, 2013, 06:44:42 PM
 #1208

I have written three motions and will be posting them momentarily:

Quote
If this motions passes, we shall request a refund from the group-buy organizers we used to purchase out Avalon chips. Additionally, all COG.F contracts will be converted at a 1:1 rate to COG.F2 contracts. This should be beneficial to holders of each fund, because Cognitive now has better (more cost+power effective) alternatives to Avalon chips.

Quote
If this motion passes, an additional 600 COG.F2 contracts will be put up for sale for 5btc each. They will be equivalent in every way to the previously issued COG.F2 contracts. All COG.F funds will be used to significantly expand Cognitive, which acts as a catalyst for our exponential growth plan via the 50% growth fund! If this motion passes, we can expect to see over one petahash by Q2 2014.

Quote
If this motion passes, all future motions will have a minimum of a one (1) week duration, as opposed to the current two weeks. This will be beneficial because we will be allowed to make decisions more swiftly as a collective effort.

I've spoken to a few majority shareholders and we've all agreed that the additional COG.F contracts are in order for a formal vote before selling them on the exchange.

The motion for cutting the minimum motion duration in half will be a great help, because as we've learned, waiting two weeks for a decision isn't practical in the mining industry.

Our BFL SC Singles will be online Monday evening, so that is some fantastic new in itself Smiley

Cheers,
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!
theterabyte
Member
**
Offline Offline

Activity: 118


View Profile
September 06, 2013, 08:00:41 PM
 #1209

I have written three motions and will be posting them momentarily:

Quote
If this motions passes, we shall request a refund from the group-buy organizers we used to purchase out Avalon chips. Additionally, all COG.F contracts will be converted at a 1:1 rate to COG.F2 contracts. This should be beneficial to holders of each fund, because Cognitive now has better (more cost+power effective) alternatives to Avalon chips.

Quote
If this motion passes, an additional 600 COG.F2 contracts will be put up for sale for 5btc each. They will be equivalent in every way to the previously issued COG.F2 contracts. All COG.F funds will be used to significantly expand Cognitive, which acts as a catalyst for our exponential growth plan via the 50% growth fund! If this motion passes, we can expect to see over one petahash by Q2 2014.

Quote
If this motion passes, all future motions will have a minimum of a one (1) week duration, as opposed to the current two weeks. This will be beneficial because we will be allowed to make decisions more swiftly as a collective effort.

I've spoken to a few majority shareholders and we've all agreed that the additional COG.F contracts are in order for a formal vote before selling them on the exchange.

The motion for cutting the minimum motion duration in half will be a great help, because as we've learned, waiting two weeks for a decision isn't practical in the mining industry.

Our BFL SC Singles will be online Monday evening, so that is some fantastic new in itself Smiley

Cheers,
Garrett

Thanks Garrett!  All three of these motions sound beneficial for everyone.  I am really excited to hear details about the Cointerra thing.  TGB reports that they expect to deliver 2PH to the network by December (which is projected to be on the order of 5 PH around then), it is exciting to think cognitive could be a significant fraction of that! http://thegenesisblock.com/cointerra-expects-to-deliver-2-phs-of-asics-in-december/

Hopefully with the arrival of our BFL hardware and doubling of already-20%+-dividends, the share price will more accurately reflect the value cognitive is bringing.

My Bitcoin Tip Jar: 11Ws5nzwy44cMcymu6ddRxdp9uvDonNqB
MilkyLep
Hero Member
*****
Offline Offline

Activity: 583


Bitcoin for all & all for Bitcoin


View Profile
September 07, 2013, 06:17:08 PM
 #1210

Great to see the motions posted! All propositions seem like solid, beneficial responses to increase the potential for everyone involved with Cognitive. I've already voted.

Now all those big fish majority shareholders please don't play coy and wait the motions out, get logged in and vote!  Cheesy

As a last sidebar, I feel anyone waiting on Avalon chips needs to take action quickly. Waiting further may prove detrimental to virtues of patience.

P.S. Maybe I've missed something in the wording of contracts or even forgotten, but must CogF funds be used explicitly for Avalon hardware? Would it be likely to get the refund from avalon and use it for hardware/chips before acquiring the 28nm chips later in the year?

Either you own the bitcoins(private keys) or you don't. However with moneroj, nobody knows what you own.
Secure. Private. Untraceable.
medicine
Staff
Hero Member
*****
Offline Offline

Activity: 706



View Profile WWW
September 08, 2013, 02:07:41 AM
 #1211

I see what happened here now, the cog.f2 contracts have all been removed from BTC TC and now we're raising a motion before releasing them again.

I agree with Tafelpoot post #1270 above, more details need to be written into these contracts regarding refund policies in case ordered equipment again fails to be delivered by a certain date.

It's a good motion, but needs to be more well defined.

Peace

btc: 1GhVNYuPskEjX79oECB8KF53uvcKMhpNHW
Bitfinex referral code: KvlvfZYCdQ
Seoul Bitcoin Meetup          Bitcoin Center Korea
kakobrekla
Hero Member
*****
Offline Offline

Activity: 714


Psi laju, karavani prolaze.


View Profile
September 08, 2013, 03:00:53 AM
 #1212


Thanks Garrett!  All three of these motions sound beneficial for everyone.  I am really excited to hear details about the Cointerra thing.  TGB reports that they expect to deliver 2PH to the network by December (which is projected to be on the order of 5 PH around then), it is exciting to think cognitive could be a significant fraction of that! http://thegenesisblock.com/cointerra-expects-to-deliver-2-phs-of-asics-in-december/

Hopefully with the arrival of our BFL hardware and doubling of already-20%+-dividends, the share price will more accurately reflect the value cognitive is bringing.

sound like strong shill, in fact all your posts, not first time issuer has played dirty games..so would not be surprised
where is clear description of amount you try to raise and hashpower obtained for said amount
so far issue been sidestepped


Eh? Garr is a proven scammer.

investr
Full Member
***
Offline Offline

Activity: 222


View Profile
September 08, 2013, 03:02:40 AM
 #1213

inappropriate

Successful transactions: http://pastebin.com/GM27Ju59
redbeans2012
Hero Member
*****
Offline Offline

Activity: 854

MMM Extra - The right step towards the goal!


View Profile WWW
September 08, 2013, 03:04:01 AM
 #1214


Thanks Garrett!  All three of these motions sound beneficial for everyone.  I am really excited to hear details about the Cointerra thing.  TGB reports that they expect to deliver 2PH to the network by December (which is projected to be on the order of 5 PH around then), it is exciting to think cognitive could be a significant fraction of that! http://thegenesisblock.com/cointerra-expects-to-deliver-2-phs-of-asics-in-december/

Hopefully with the arrival of our BFL hardware and doubling of already-20%+-dividends, the share price will more accurately reflect the value cognitive is bringing.

sound like strong shill, in fact all your posts, not first time issuer has played dirty games..so would not be surprised
where is clear description of amount you try to raise and hashpower obtained for said amount
so far issue been sidestepped


Yeah kind of obvious there.

redbeans2012
Hero Member
*****
Offline Offline

Activity: 854

MMM Extra - The right step towards the goal!


View Profile WWW
September 08, 2013, 09:41:15 PM
 #1215


Thanks Garrett!  All three of these motions sound beneficial for everyone.  I am really excited to hear details about the Cointerra thing.  TGB reports that they expect to deliver 2PH to the network by December (which is projected to be on the order of 5 PH around then), it is exciting to think cognitive could be a significant fraction of that! http://thegenesisblock.com/cointerra-expects-to-deliver-2-phs-of-asics-in-december/

Hopefully with the arrival of our BFL hardware and doubling of already-20%+-dividends, the share price will more accurately reflect the value cognitive is bringing.

sound like strong shill, in fact all your posts, not first time issuer has played dirty games..so would not be surprised
where is clear description of amount you try to raise and hashpower obtained for said amount
so far issue been sidestepped


Yeah kind of obvious there.

I presume the problem is what garr is and isn't allowed to tell us due to NDA stuff.  If the deal we are getting is really that good, they are going to want to keep it private as long as possible so they don't have to give the same deal to everyone

This is a very solid piece of reasoning, IMO. Sounds like even if it only bought 2 minirigs it'd be a good deal for shareholders then, or some other hardware worth similar GH/s.

Oh, I guess that makes sense, since BFL singles would basically double our current hashrate, but man, that's SO short-term.  500GH/s is gonna be nothing in the face of 1PH, and cognitive is one of the few places where people are actually looking 6mo+ forward saying "how are we going to stay ahead of teh curve".  That's a long-term investment IMO.  Brings a tear to my eyes.

If that is with no further funding (but using our 50% growth reinvestment) that both explains the math *and* makes cog even more attractive

If Garr has managed to get us a deal like that, we're gonna have to start making Garr for President T-shirts, AM I RITE?

 Roll Eyes

Lots of facepalm here.   Cheesy

Code_red
Member
**
Offline Offline

Activity: 110


View Profile
September 08, 2013, 10:36:38 PM
 #1216

could just as easily be someone trying to look like a sock puppet to drive price down.
stabs
Member
**
Offline Offline

Activity: 109


View Profile
September 09, 2013, 12:59:17 AM
 #1217

Garr, when the singles arrive please make an announcement on BTCT.
theterabyte
Member
**
Offline Offline

Activity: 118


View Profile
September 09, 2013, 05:46:19 AM
 #1218


Thanks Garrett!  All three of these motions sound beneficial for everyone.  I am really excited to hear details about the Cointerra thing.  TGB reports that they expect to deliver 2PH to the network by December (which is projected to be on the order of 5 PH around then), it is exciting to think cognitive could be a significant fraction of that! http://thegenesisblock.com/cointerra-expects-to-deliver-2-phs-of-asics-in-december/

Hopefully with the arrival of our BFL hardware and doubling of already-20%+-dividends, the share price will more accurately reflect the value cognitive is bringing.

sound like strong shill, in fact all your posts, not first time issuer has played dirty games..so would not be surprised
where is clear description of amount you try to raise and hashpower obtained for said amount
so far issue been sidestepped


Yeah kind of obvious there.

I presume the problem is what garr is and isn't allowed to tell us due to NDA stuff.  If the deal we are getting is really that good, they are going to want to keep it private as long as possible so they don't have to give the same deal to everyone

This is a very solid piece of reasoning, IMO. Sounds like even if it only bought 2 minirigs it'd be a good deal for shareholders then, or some other hardware worth similar GH/s.

Oh, I guess that makes sense, since BFL singles would basically double our current hashrate, but man, that's SO short-term.  500GH/s is gonna be nothing in the face of 1PH, and cognitive is one of the few places where people are actually looking 6mo+ forward saying "how are we going to stay ahead of teh curve".  That's a long-term investment IMO.  Brings a tear to my eyes.

If that is with no further funding (but using our 50% growth reinvestment) that both explains the math *and* makes cog even more attractive

If Garr has managed to get us a deal like that, we're gonna have to start making Garr for President T-shirts, AM I RITE?

 Roll Eyes

Lots of facepalm here.   Cheesy


Hey, fuck you buddy.  I'm a 'real person' and an investor in cog.  I'm excited about the future of mining and trying to crunch some numbers and be positive but realistic.  If you want to talk to me, find me on freenode irc, username "cmyers", and you can all tell me to my "face" WHY everything I said above is so "facepalm" worthy.  assholes.  *sigh*

My Bitcoin Tip Jar: 11Ws5nzwy44cMcymu6ddRxdp9uvDonNqB
zefyr0s
Sr. Member
****
Offline Offline

Activity: 245



View Profile
September 09, 2013, 05:55:25 AM
 #1219

Don't take it personal, friend. People will grasp at straws when they lack a real argument.
Tafelpoot
Full Member
***
Offline Offline

Activity: 191


View Profile
September 09, 2013, 07:53:43 AM
 #1220

Garr, can you describe the costs tied to requesting a refund on the Avalons? I believe some people here don't know that assembly costs will not be refunded, as the investments are already made. It would help if we could compare both options, to see where we can minimize the losses.
The more people ask for a refund, the better the expectation on mining gets..
Pages: « 1 ... 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 [61] 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 ... 158 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!