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

[silverfuture]

I believe CogF shares were to raise funds for an Avalon chip buy, not more BFL equipment. The refund from Avalon was to go towards the Cointerra purchase along with CogF2. There seems to be some confusion concerning that.

[1714209968]

1714209968

[Garr255]

Starting a new FPGA mining farm/contract!

The most resilient FPGA mining contract!

Thanks That title is a bit dated isn't it... I figure it has a kind of positive stigma associated with it so that's why it has stayed the same so long Actually I just wrote a song title resilient this weekend... Anyway, back on topic!

Everything is ready to go at Havelock. So, all Cognitive shareholders: Please register for an account at https://www.havelockinvestments.com using the same email you had on BTC-TC to enable Havelock to push shares to your account. They currently do not have a system in place that will automatically generate accounts for shareholders, so for now we will be pushing shares to email addresses daily. So the sooner you register the better!

[Garr255]

I believe CogF shares were to raise funds for an Avalon chip buy, not more BFL equipment. The refund from Avalon was to go towards the Cointerra purchase along with CogF2. There seems to be some confusion concerning that.

This is correct. The Avalon purchase was refunded then those coins were used to purchase CT hardware which will be delivered in January, which is when COG.F and COG.F2 contracts will be converted.

--Garrett

[investr]

Alright. Who broke Havelock...

[medicine]

It won't load for me either.  Fingers still crossed, I don't know if they will uncross once it's time. May be stuck like this.

Edit: ok back up and running and have received my shares in my portfolio.   

[investr]

Can confirm having COG shares in my Havelock account.

Edit: Will the month's worth of dividends also be released tonight?

[lightbox]

It won't load for me either.  Fingers still crossed, I don't know if they will uncross once it's time. May be stuck like this.

Loading fine for me here... backend servers look fine too.. maybe a temporary cloudflare glitch... they've had more and more of those recently... getting very frustrating...

[katie.mckinley]

It won't load for me either.  Fingers still crossed, I don't know if they will uncross once it's time. May be stuck like this.

Loading fine for me here... backend servers look fine too.. maybe a temporary cloudflare glitch... they've had more and more of those recently... getting very frustrating...

Site just worked fine for me as well, now to wait and see if my cognitive shares shows up

[st4nl3y]

Can confirm having COG shares in my Havelock account.

Edit: Will the month's worth of dividends also be released tonight?

same here. thanks Garrett

[Garr255]

We're live! The order books are filling up quite quickly

Dividends will not go out until 90% of the shares are transferred to the appropriate accounts, because Havelock does not have a way to retain dividends until the shares are claimed yet. I will update as soon as this happens!

Cheers!

--Garrett

[helloge]

We're live! The order books are filling up quite quickly

Dividends will not go out until 90% of the shares are transferred to the appropriate accounts, because Havelock does not have a way to retain dividends until the shares are claimed yet. I will update as soon as this happens!

Cheers!

--Garrett

I can't find my cog.f2 shares in my account. what's up ?

[Garr255]

I can't find my cog.f2 shares in my account. what's up ?

All of the COG.F funds are accounted for and the status of these will be updated on Friday.

[Garr255]

We're live! The order books are filling up quite quickly

Dividends will not go out until 90% of the shares are transferred to the appropriate accounts, because Havelock does not have a way to retain dividends until the shares are claimed yet. I will update as soon as this happens!

Cheers!

--Garrett

At least give the guys 2 weeks or so to sign up. Unless you are going to give the other guys by hand.

2 weeks is fair. Anything sooner is not really cool. Unless you will still get that to them somehow.

Yep I am going to have to do dividends by hand or hold dividends until people make accounts. I want to avoid this, so we will wait until 90% of shares are claimed on the exchange before issuing the first dividend.

[freedomno1]

I wish Havelock made an ANN or something but nice to see a new old asset on the exchange

[Garr255]

I wish Havelock made an ANN or something but nice to see a new old asset on the exchange

I really pushed them to have COG up quickly so that explains the lack of an update. Once everyone creates their accounts we should see some volume and hopefully and increase back up above the BTC0.5 IPO in March 2012 when BTC was sub $20

Cheers,
Garrett

[snowdropfore]

i wish the cog shares price will stay at 0.3B per share.

[snowdropfore]

lol,you are right, i didn't buy more shares before BTCT closing.,so i am kicking my ass all the time.

[theterabyte]

at long last, we can wank about the future value of COG again =)

Most of my past maths haven't really changed, but the rate of network increase has slightly leveled off over the last week or two.  I definitely don't think cog will be 2-4BTC like AsicMiner was at any time (unless we actually make the 1PH/s thing happen before anyone else, which is possible and AWESOME but I wouldn't bet on it).

That said, I think a really reasonable valuation could be 1BTC per share if we get our 28TH/s before the end of January and hear some really solid details on the next order as well (confidence we will be in the 200+ TH/s range, for example).  This is also contingent on cointerra not flooding the market TOO too much (just giving it all to us =). Obviously, the harder it is for the "average joe" to get CT equipment, the more valuable Garr's carefully constructed bulk pricing deals are =)

EDIT:  and in this context, when I say "leveled off" I mean "went from insanely exponential to just a little exponential".

[stabs]

I haven't been able to track any doubts that Cointerra will not deliver in January.  What's the consensus?

[Garr255]

I haven't been able to track any doubts that Cointerra will not deliver in January.  What's the consensus?

I spoke with Ravi, CoinTerra CEO today and he has confirmed that our order is on time and will be delivered in January.

at long last, we can wank about the future value of COG again =)

Most of my past maths haven't really changed, but the rate of network increase has slightly leveled off over the last week or two.  I definitely don't think cog will be 2-4BTC like AsicMiner was at any time (unless we actually make the 1PH/s thing happen before anyone else, which is possible and AWESOME but I wouldn't bet on it).

That said, I think a really reasonable valuation could be 1BTC per share if we get our 28TH/s before the end of January and hear some really solid details on the next order as well (confidence we will be in the 200+ TH/s range, for example).  This is also contingent on cointerra not flooding the market TOO too much (just giving it all to us =). Obviously, the harder it is for the "average joe" to get CT equipment, the more valuable Garr's carefully constructed bulk pricing deals are =)

EDIT:  and in this context, when I say "leveled off" I mean "went from insanely exponential to just a little exponential".

I believe your estimations are pretty accurate here; the goal is to always be exponentially increasing hashrate and therefore share value