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

[stomp]

฿0.00050147 per share for 2 months of mining???
I'm pretty sure there is something wrong here garr...sounds like a labcoin dividend...

[dunchy]

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?

This is a good question. If it's true then It puts all of us in risk in case of possible Havelock shutdown.

[ryan1894]

How did I forget the growth fund? Did you get your share of 11btc or 5.5?

I mean the ~30%? that goes towards hardware reinvestment, not cog.f/2

[superresistant]

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.

The Bitcoin mining is too competitive. It would be a smart move to invest in Litecoin mining :
- low competition
- instant delivery of the hardware
- faster growing than Bitcoin

[dunchy]

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.

The Bitcoin mining is too competitive. It would be a smart move to invest in Litecoin mining :
- low competition
- instant delivery of the hardware
- faster growing than Bitcoin

+1

[Tafelpoot]

Thanks for the div.

Regarding the listing fee, I suppose you won't need to pay an extra listing fee for CogF2? Otherwise I'd rather vote not to release these shares on havelock, but rather to have a trading thread here on bitcointalk. We are talking about a small number of shares anyway, so the overhead should be minimal.

[pascal257]

I'm still missing my PT shares in addition to the dividends since 9/15.

I'll add negative trust until this is resolved.

[blackswan]

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.

The Bitcoin mining is too competitive. It would be a smart move to invest in Litecoin mining :
- low competition
- instant delivery of the hardware
- faster growing than Bitcoin

+1

I agree with this.  My litecoin stocks have far outperformed any of my bitcoin ones so far, and it's a great time to enter Litecoin mining because of this low competition.   But it's also very important to get your miners as soon as possible in this game.

[helloge]

how about cog.f2 ??
the weekend is coming....

[Garr255]

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.

The Bitcoin mining is too competitive. It would be a smart move to invest in Litecoin mining :
- low competition
- instant delivery of the hardware
- faster growing than Bitcoin

+1

I will raise a motion to spend our reserve coins on LTC rigs. The website is fully up-to-date, so you can see our current reserves there.

Cheers,
Garrett

[Code_red]

How did I forget the growth fund? Did you get your share of 11btc or 5.5?

I mean the ~30%? that goes towards hardware reinvestment, not cog.f/2

As far as I know its 50% that goes towards reinvestment hence the 11BTC. The shareholders received a split of about 5.5btc so if you double that you end up with 11btc. So that would be less than a months div with the equipment we currently have at current difficulty.

[Code_red]

Okay as far as I can find our current hashrate is 750GH/s someone please correct me if I am wrong. Also as far as I know the last div before this one was Oct 7.

At the current difficulty this hashrate would produce about
 0.53318557 BTC Per Day
 3.73229898 BTC Per Week
 16.20884127 BTC Per Month

At the last difficulty which started on Nov 17 it would produce about
 0.61885251 BTC Per Day
 4.33196758 BTC Per Week
 18.81311635 BTC Per Month

At the difficulty that started on Nov 05 it would produce about
 0.73822262 BTC   Per Day
 5.16755831 BTC Per Week
 22.44196750 BTC Per Month

At the difficulty that started on Oct 26 it would produce about
 0.96483017 BTC Per Day
 6.75381116 BTC Per Week
 29.33083704 BTC Per Month

At the difficulty that started on Oct 16 it would produce about
 1.40880039 BTC Per Day
 9.86160271 BTC Per Week
 42.82753178 BTC Per Month
 
At the difficulty that started on Oct 06 it would produce about
 1.99269547 BTC Per Day
 13.94886829 BTC Per Week
 60.57794227 BTC Per Month

From Oct 7 to the 16 using 1.98 Per day we would of made about 17.82 Bitcoin
From Oct 16 to the 26 using 1.40 per day we would of made about 12.6 Bitcoin giving us about 30.42 Bitcoins
From Oct 26 to Nov 5 using 0.96 per day we would of made about 9.6 Bitcoin giving us about 40.02 Bitcoins
From Nov 5 to Nov 17 using 0.73 Per day we would of made about 8.76 Bitcoin giving us about 48.78 Bitcoins
From Nov 17 to Nov 28 using 0.62 per day we would of made about 6.82 Bitcoin giving us about 55.6

DO YOU SEE MY PROBLEM!! My best guess is Garr Fucked up the decimal maybe?

[PinkBatman]

You'd probably want to look at http://middlecoin.com/ then. It mines the most profitable scrypt coin and gives you BTC.

This.

Also what are we paying for electricity where the miners are stored?

[Code_red]

From Sep 10 the day we got our singles we would of made about 4.33 Bitcoins per day for about 4 days until the change on Sept 14 giving us about 17.32 Bitcoins.

 From the 14 until the next change on Sept 25 we would of made about 3.34 Bitcoin per day giving us about 36.74 bitcoin for this difficulty and 54.06 total sense getting the singles.

From Sept 25 until Oct 6 we would of made about 2.53 Per day giving us about 27.83 for this difficulty and a total of 81.89 Bitcoins sense getting the singles.

Anyone have the info about how much has been paid in divs sense Sept 10? Keep in mind 50% of revenue goes to growth(some claim 30%?)

[Code_red]

So accord to my rough math if 50% is being held for growth our div that we just received was about 1/5 of what is should of been not really sure how that is a decimal error at this point?

[ryan1894]

is it possible to use cointerra rigs to mine other sha-256 altcoins?

i'm guessing we would have considerable % of total hashing power if we did?

[Garr255]

You'd probably want to look at http://middlecoin.com/ then. It mines the most profitable scrypt coin and gives you BTC.

This.

Also what are we paying for electricity where the miners are stored?

Will do. I visited someone today who wants to make a fluid-submersed alt-coin miner, and it looks quite awesome. He did it with ASICminer blades and it works really well. Expect to see a motion tomorrow morning!

Cheers,
Garrett

PS. $0.08/kwh for electricity

[Garr255]

is it possible to use cointerra rigs to mine other sha-256 altcoins?

i'm guessing we would have considerable % of total hashing power if we did?

Yes it is, I have done this with FPGAs before

[Code_red]

Are my concerns not to be addressed?

[pascal257]

Are my concerns not to be addressed?

He seems to absolutely ignore problems/concerns.