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

[superresistant]

Great post theterabyte.

[1714215475]

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[1714215475]

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[1714215475]

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[Garr255]

Here's a screenshot of the dashboard for one of the private pools we're operating on. The new BFL units fluctuate speed a bit, but it averages out to right where the expected hashrate should be.

Cheers,
Garrett

https://dl.dropboxusercontent.com/u/9542654/btc/Cognitive/BFLs.png

[zefyr0s]

Did they really add ~200% to the total hash rate?

[keemao]

Hello...
I'm a newbie, so please excuse my stupid question...
What is the hashingpower right now?
...and how much are we paying pr g/h at todays share-price?

[investr]

750gh/s

You can do the math from there to figure out price per gh/s.

[keemao]

WOW...
Then i'll sell my jupiter to you guys... 

[theterabyte]

If our current hashrate is 750HG/s, our projected december hashrate is 10TH/s, and our project Q2 2014 hashrate is 1048TH/s, then:

Assuming COG.F1 converts to COG.F2 and both mature in December and the additional 600 contracts are sold and mature (they would only mature when we start receiving CT hardware) that means currently 800 contracts or 16000 additional shares

(using today's 24-avg of 0.192BTC/share)
Total hash rate | Total shares | GH/share | BTC/GH
750GH | 10420 | .0720 GH/share | 0.138BTC/GH
10TH | 26420 | 0.381GH/share | 0.5BTC/GH
1048TH | 26420 | 39.9GH/share | 0.0048BTC/GH

So today we have a share price indicating 0.138BTC/GH, but if our future plans pan out we can expect to have 0.38GH/share by December/January and buying today and holding until we have 1048TH would mean getting 0.0048BTC/GH, IMO this is a risky but high-reward investment (since there is the risk of CT plus the risk of network difficulty going crazy), but historically COG has been well-managed so I am not worried about risk from there.

If you instead use 0.25 as the share price (the share price when you buy COG.F2 at 5btc) you get 0.00626BTC/GH, still a very good deal.

[theterabyte]

I hope Garr can post an update with more details early this week.  Maybe the NDA will have lifted? Or, maybe he can at least tell us when the NDA will lift?  I suspect what people really want to see is evidence that the hardware cog is buying is actually a much better deal than is available to your average direct buyer, as well as other competing mining companies.

[Tafelpoot]

Share price has gone under 0.2 this week.
It does not make sense to issue shares at a "discount" at 5btc for 20 shares, while current share price is lower.
I believe it is in main interest of shareholders if Cognitive buys back shares up to 0.25, and use those treasury shares to fulfill CogF2 when it finishes.
This is better than creating extra shares for CogF2.

Furthermore I want to see a deadline with refund policy on the CogF2 hardware purchase, as there was one on 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

I'm not really pleased with the silence on Garr's end. And the website hasn't been updated for over a month.

[JimiQ84]

I am curious, why garr doesn't change the name of thread to simply COGNITIVE?

[kakobrekla]

Lol, some retarded kiddo with 10 shill accounts for self-promotion, bid-faking and you think there is business to be done here? Oh people, get serial.

[theterabyte]

Lol, some retarded kiddo with 10 shill accounts for self-promotion, bid-faking and you think there is business to be done here? Oh people, get serial.

Yeah, 750 GH/s is definitely one lone kid with 10 shill accounts. Definitely not a valuable mining cooperative.  Thanks for adding your astute observations to the intellectual discussion

[kakobrekla]

Lol, some retarded kiddo with 10 shill accounts for self-promotion, bid-faking and you think there is business to be done here? Oh people, get serial.

Yeah, 750 GH/s is definitely one lone kid with 10 shill accounts. Definitely not a valuable mining cooperative.  Thanks for adding your astute observations to the intellectual discussion

You are welcome, mr nobody.

[Dataroth]

Did Cognitive have a separate Avalon group buy from the one listed in the group buys section?  I'm asking because Garr received a refund on 9/11/13 from Avalon that he sent to another address where it's sitting now.

https://blockchain.info/tx/61da257b9ee2547c953ed2c7a4fa38186791bc8d633b4636c20647c0fa0ed4ba

Just wondering. I'm in that group buy and he hasn't mentioned getting a refund for it yet.

[superresistant]

Lol, some retarded kiddo with 10 shill accounts for self-promotion, bid-faking and you think there is business to be done here? Oh people, get serial.

Yeah, 750 GH/s is definitely one lone kid with 10 shill accounts. Definitely not a valuable mining cooperative.  Thanks for adding your astute observations to the intellectual discussion

Don't feed the troll

[kakobrekla]

Lol, some retarded kiddo with 10 shill accounts for self-promotion, bid-faking and you think there is business to be done here? Oh people, get serial.

Yeah, 750 GH/s is definitely one lone kid with 10 shill accounts. Definitely not a valuable mining cooperative.  Thanks for adding your astute observations to the intellectual discussion

Don't feed the troll

Or retards.

[iCEBREAKER]

   Why has COG.F2 trading been frozen?

[iCEBREAKER]

  Why has COG.F2 trading been frozen?

Where do you see that it is frozen?

When I try to place an order, it says 'asset frozen.'   

[VolanicEruptor]

"Anonymous voted NO with comment: Untrustworthy, caught putting in fake bids to increase price on own bitcointalk auctions with sock puppet accounts. Showed no remorse when caught. "

Is this true?? 

[KCBitcoin]

zero updates?
too busy?
is first-year college supposed to be all about partying?