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Author Topic: Starting a new FPGA mining farm/contract! Cognitive Resurrected on[Havelock]  (Read 274489 times)
snowdropfore
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November 14, 2013, 08:04:18 AM
 #1541

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 Smiley


is it when the order is on time and will be delivered in January,the cog-F1and2 will converted to cog??
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Garr255
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November 14, 2013, 09:56:43 AM
 #1542

is it when the order is on time and will be delivered in January,the cog-F1and2 will converted to cog??

Yep that's correct.

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

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logicbomb666
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November 14, 2013, 01:15:19 PM
 #1543

Confirmed my shares are in my havelock account.  Thanks for taking care of us!

I think snare rolls should be used as a currency.
pascal257
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November 14, 2013, 01:29:23 PM
 #1544

Still missing the PT dividends...

And of course you forgot the PT shares completely.
killerstorm
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November 14, 2013, 01:46:29 PM
 #1545

Still missing the PT dividends...

And of course you forgot the PT shares completely.

I guess it's worth mentioning that since Garr is the person who created and run PT, he is personally contractually liable for its execution. I'll quote it here for posterity:

Quote
Issuer: Garr255 <garrett@cognitivemining.com>

I am the current operator of COGNITIVE on BTC-TC, so this passthrough should be run as smoothly as Cognitive itself.

Each share has the right to 95% of the dividends paid by COGNITIVE listed on BTC-TC (https://btct.co/security/COGNITIVE). Each COGNITIVE-PT is backed by one share of COGNITIVE. The dividend will be paid within 48 hours of the payment from COGNITIVE. The issuer has the right to issue more shares according to passthrough demand. These shares have no voting rights.

I have created this passthrough to Cognitive on BTC-TC in order to enable investments via litecoin!
Shares will be sold here at fair (yes, I am using a subjective word) prices according to current asks on BTC-TC and the BTC-E exchange rate between BTC and LTC. If there are sufficient bids for this asset, more shares will be issued and sold.

This is solely a pass through to COGNITIVE on BTC-TC. Each share is backed by one share of COGNITIVE and pays 95% of the dividend on BTC-TC.

All issuers got public addresses of people who hold securities, so there are no valid excuses for not paying dividends.

While contract doesn't describe what happens in case of exchange closure, the phrase "Each share is backed by one share of COGNITIVE" implies that PT shares will be converted into normal shares.

Also, it's worth noting that it can be re-listed on litecoininvest.com. (Although, I, personally, would prefer conversion into shares on havelock.)

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silverfuture
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November 14, 2013, 02:15:36 PM
 #1546

Should we raise a motion to vote on using the current unpaid dividends to add to the 50% retained BTC for another Cointerra purchase once we are 100% sure they are on track to deliver as promised?

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superresistant
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November 14, 2013, 02:33:35 PM
 #1547

Should we raise a motion to vote on using the current unpaid dividends to add to the 50% retained BTC for another Cointerra purchase once we are 100% sure they are on track to deliver as promised?

Great idea, the profit come from the increase in share value on the exchange. The share value come from the mining hardware.

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November 14, 2013, 02:54:30 PM
 #1548

Should we raise a motion to vote on using the current unpaid dividends to add to the 50% retained BTC for another Cointerra purchase once we are 100% sure they are on track to deliver as promised?

Great idea, the profit come from the increase in share value on the exchange. The share value come from the mining hardware.

It also means that Garrett doesn't have spend a lot of time to do manual div payments, just proper share distribution.  The divs will be dust for most small holders but combined at the currently rising price, could buy a significant amount of hardware.

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Garr255
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November 14, 2013, 05:33:45 PM
 #1549

Should we raise a motion to vote on using the current unpaid dividends to add to the 50% retained BTC for another Cointerra purchase once we are 100% sure they are on track to deliver as promised?

I think this would be a solid choice, I'll raise a motion to do it via email, because many still have not signed up on Havelock.

Still missing the PT dividends...

And of course you forgot the PT shares completely.

I have not "forgotten" about the PT. I am taclking one thing at a time and the PT will be taken care of soon. Most likely we will just give all PT holders their dividends then convert the shares to Havelock shares.

Cheers,
Garrett

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

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dunchy
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November 14, 2013, 05:57:49 PM
 #1550

Quote
Should we raise a motion to vote on using the current unpaid dividends to add to the 50% retained BTC for another Cointerra purchase once we are 100% sure they are on track to deliver as promised?

I'm still "just" a COG.F2 owner, but if this gets passed, I'll have to say: "Thanks and that's the way to go. You showed some great team spirit guys!"
supermono
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November 14, 2013, 06:46:46 PM
 #1551


Still missing the PT dividends...

And of course you forgot the PT shares completely.

I have not "forgotten" about the PT. I am taclking one thing at a time and the PT will be taken care of soon. Most likely we will just give all PT holders their dividends then convert the shares to Havelock shares.

Cheers,
Garrett

Why not let the PT get back to its original purpose of being a LTC-based PT, and list it on litecoininvest.com? I think they have free listing for former LCG assets.
Garr255
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November 14, 2013, 10:48:04 PM
 #1552

I have sent in an application to be listed on LitecoinInvest.

Cheers,
Garrett

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

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Carnth
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November 14, 2013, 11:39:41 PM
 #1553

I can confirm that I have my shares from both my accounts: My personal portfolio and MiningCo.ETF portfolio.

Since both of those accounts on btct.co were registered with the same email, all the shares ended up in one account on Havelock. Not a big deal; just info for anyone else in this peculiar situation.
bigdude
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November 15, 2013, 06:08:27 AM
 #1554

is it when the order is on time and will be delivered in January,the cog-F1and2 will converted to cog??

Yep that's correct.

Will these be listed on Havelock too so us owners can trade as well??
alincoln
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November 15, 2013, 11:00:08 AM
 #1555

Hi Garr, can you make an announcement regarding the status of FIMB shares and when monthly dividend is being paid? Thanks.
Garr255
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November 16, 2013, 12:32:41 AM
 #1556

Hi all,

An additional 53 sharehoders' shares have been claimed, bringing our total up from ~2000 to ~7000 shares claimed!

COG.F and COG.F2 will be listed next week, and will be tradable.

FIMB (Not related to Cognitive) Will most likely be listed on another exchange in 1-2 weeks and all back-dividends will be paid at that time.

Cheers, and I'm glad everything is moving along so smoothly now that we're relisted and well on our way to having all the shares claimed.

--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!
stabs
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November 16, 2013, 08:43:02 AM
 #1557

Will dividends be going out tomorrow and if so what are they?
silverfuture
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November 16, 2013, 01:31:23 PM
 #1558

Hi all,

An additional 53 sharehoders' shares have been claimed, bringing our total up from ~2000 to ~7000 shares claimed!

COG.F and COG.F2 will be listed next week, and will be tradable.

FIMB (Not related to Cognitive) Will most likely be listed on another exchange in 1-2 weeks and all back-dividends will be paid at that time.

Cheers, and I'm glad everything is moving along so smoothly now that we're relisted and well on our way to having all the shares claimed.

--Garrett

Thanks Garrett!

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keemao
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November 16, 2013, 02:02:21 PM
 #1559

Is the Cog2 in fiat or in btc?
...and are they allready paid to cointerra?
snowdropfore
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November 16, 2013, 02:18:00 PM
 #1560

Is the Cog2 in fiat or in btc?
...and are they allready paid to cointerra?

i am so care about cogf-2 too,hope it goes all well
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