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Author Topic: Starting a new FPGA mining farm/contract! Cognitive Resurrected on[Havelock]  (Read 274690 times)
alincoln
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November 28, 2013, 02:53:24 PM
 #1621

and get the cogf1 and f2 online asap!!
And transfer the freaking PT shares. You've already profited enough from plumeting LTC prices.

And relisting or (at least) paying FIMB dividends as well. We're unable to use our BTCs and leave the market at these insane rates if we so wish. For all I care BTC could be back to $200 tomorrow.
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superresistant
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November 28, 2013, 03:23:46 PM
 #1622

And relisting or (at least) paying FIMB dividends as well. We're unable to use our BTCs and leave the market at these insane rates if we so wish. For all I care BTC could be back to $200 tomorrow.

http://www.youtube.com/watch?v=K7LQu-eIOO0&feature=player_detailpage#t=1663

Bitcoin is going to $500000, just wait few years.

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November 28, 2013, 06:59:16 PM
 #1623

and get the cogf1 and f2 online asap!!
And transfer the freaking PT shares. You've already profited enough from plumeting LTC prices.

Hasn't Litecoin gained versus the Bitcoin?
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November 28, 2013, 07:28:05 PM
 #1624

Are we really paying 1BTC a month to be listed on havelock?
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November 28, 2013, 07:38:34 PM
 #1625

Are we really paying 1BTC a month to be listed on havelock?

Definitely not! I modified the contract before signing it. We will pay a maximal $500USD worth of btc every month for being listed there. And there is a 0btc fee to delist instead of a 10btc fee, which was super outrageous.

Dividends will go out today, because yes I agree we are close enough and waiting longer will not benefit anyone.

Cheers,
Garrett

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st4nl3y
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November 28, 2013, 07:41:58 PM
 #1626



Dividends will go out today, because yes I agree we are close enough and waiting longer will not benefit anyone.

Cheers,
Garrett

Thank You
MilkyLep
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November 28, 2013, 08:07:51 PM
 #1627

Will a financial report or P&L statement accomodate the dividends?

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lunarboy
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November 28, 2013, 08:24:41 PM
 #1628

฿0.00050147 per share ?

seriously that's 2 months of compounded dividends Huh Or is there more to come?
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November 28, 2013, 08:31:00 PM
 #1629

฿0.00050147 per share ?

seriously that's 2 months of compounded dividends Huh Or is there more to come?

Because difficulty has increased drastically, and our 28 TH has not arrived yet, this is the correct amount. A financials report will come quarterly starting December 2nd, and the second one being released on January 1st.

Cheers.

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November 28, 2013, 08:32:01 PM
 #1630

Wow ALOT lower than I expected. About twice as much as the last div payment, and that was for one week.

Did you sell the BFL gear and start mining with GPU's again  Huh

 Grin

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November 28, 2013, 08:35:50 PM
 #1631

That's just the difficulty increasing so much and us not receiving any new hardware, because our 28TH won't be here until January, at which point we will be seeing quite massive dividends, relative to these.

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November 28, 2013, 08:36:49 PM
 #1632

I am also interested in our current BTC reserves.  With the current price of BTC we should be able to buy some more mining gear.

Agree, let's get more hardware.

I also agree. Any ideas on who we might want to order from? I think a great choice right now would be to set up some LTC rigs actually.

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MilkyLep
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November 28, 2013, 08:44:56 PM
 #1633

How do you feel about considering a machine or two from VMC? See how Ken's November "update" plays out in a couple days. They are expandable and he supposedly will make them compatible with future generations. Unfortuantely the prices were just recently raised, but there is a Bitcoin Black Friday deal...

Just throwing it out there, people rag on VMC continually and boast about CoinTerra,Terrahash etc all the time but we're are seeing their delays now as well...

Also, have you been merge mining NMC at all? I know LTC/USD is higher, but Namecoin's intrinsic value coincides with the Bitcoin spirit. I could see NMC rising alot more than where it currently sits.

EDIT: Is there a current BTC reserve fund amount you can toss out there so we know what we're playing with?

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Code_red
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November 28, 2013, 10:21:37 PM
 #1634

So where am I epically failing in my math at 500ghs we should be making 12.54207757 per months at current difficulty. I am pretty sure our combined hashrate is over 500ghs. You paid out about 5.5btc so that would put the total div at about 11 BTC. So according to my simple math you paid out less than a months divs at the current difficulty. The diffusivity has been lower than now over the last 2 months so how the hell did we make less than a month worth of divs at current difficulty over the last 2 months at a lower difficulty? 
btcash
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November 28, 2013, 11:10:00 PM
 #1635

Quote
A financials report will come quarterly starting December 2nd, and the second one being released on January 1st.
Another delay. No surprise. I assume you will update the the website also quarterly?

Quote
And there is a 0btc fee to delist instead of a 10btc fee, which was super outrageous.
Why should anyone pay this fee? Issuer can simply stop using Havelock. Or is that the only way to get the shareholders list? -> Which would mean that you don't have a list of the current shareholders?

Quote
We will pay a maximal $500USD worth of btc every month for being listed there
If BTC is below 500 you have to pay 1 BTC?
COGNITIVE made a profit of 5.97179131428BTC in the last 4 weeks. At the current market rate the monthly fee is ~8% of the profits.
How much did you pay for the listing?

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keemao
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November 29, 2013, 01:44:58 AM
 #1636


[/quote]
I also agree. Any ideas on who we might want to order from? I think a great choice right now would be to set up some LTC rigs actually.
[/quote]

Not sure witch timeframe we are talking about, but KNC's Neptune (4 TH) for 10 btc is a reasonable price...
Delivery might be as late as q2 though...
ryan1894
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November 29, 2013, 04:16:53 AM
 #1637

So where am I epically failing in my math at 500ghs we should be making 12.54207757 per months at current difficulty. I am pretty sure our combined hashrate is over 500ghs. You paid out about 5.5btc so that would put the total div at about 11 BTC. So according to my simple math you paid out less than a months divs at the current difficulty. The diffusivity has been lower than now over the last 2 months so how the hell did we make less than a month worth of divs at current difficulty over the last 2 months at a lower difficulty?  

So I'm guessing you forgot to account the growth fund?

I think that just straight buying ASICMINER shares might be a good idea...they seem to be SEVERELY undervalued at the moment (alongside COG) and they are literally sitting on ~8000 BTC worth of capital just waiting to be reinvested

They have the lowest claims of <0.3W per GH/s, with ~40-50nm chips, so their design must be insanely efficient (I'm not an expert on chip design). They have been the most reliable security in the bitcoin space, and have reliably delivered...every time.

I would like to put out the idea to buy up all Havelock AM1 shares under 0.35 BTC... It seems like a better bet than CoinTerra, TerraMiner, or HashFast, considering they apparently are reporting delays too.

btw: I'd like to know how much unused capital we have from COG.F funding and COG.F2 funding, considering Avalon refunded etc.

1EPyRTYv6PgNWa8biBHVdh2i8q5RDHGF7d
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November 29, 2013, 04:43:38 AM
 #1638

Also what about the BFL chip credits we had?  Can we get some miners created out of those chips for cheap?
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November 29, 2013, 05:46:44 AM
 #1639

How did I forget the growth fund? Did you get your share of 11btc or 5.5?
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November 29, 2013, 09:07:05 AM
 #1640

So where am I epically failing in my math at 500ghs we should be making 12.54207757 per months at current difficulty. I am pretty sure our combined hashrate is over 500ghs. You paid out about 5.5btc so that would put the total div at about 11 BTC. So according to my simple math you paid out less than a months divs at the current difficulty. The diffusivity has been lower than now over the last 2 months so how the hell did we make less than a month worth of divs at current difficulty over the last 2 months at a lower difficulty?  

So I'm guessing you forgot to account the growth fund?

I think that just straight buying ASICMINER shares might be a good idea...they seem to be SEVERELY undervalued at the moment (alongside COG) and they are literally sitting on ~8000 BTC worth of capital just waiting to be reinvested

They have the lowest claims of <0.3W per GH/s, with ~40-50nm chips, so their design must be insanely efficient (I'm not an expert on chip design). They have been the most reliable security in the bitcoin space, and have reliably delivered...every time.

I would like to put out the idea to buy up all Havelock AM1 shares under 0.35 BTC... It seems like a better bet than CoinTerra, TerraMiner, or HashFast, considering they apparently are reporting delays too.

btw: I'd like to know how much unused capital we have from COG.F funding and COG.F2 funding, considering Avalon refunded etc.

Now that was an unusual aside and just take the ones from seb's auction

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