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Author Topic: Starting a new FPGA mining farm/contract! Cognitive Resurrected on[Havelock]  (Read 274395 times)
Andrey
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April 12, 2012, 01:06:35 PM
 #181

I am sorry, about "difficulty rising so fast", are we talking about same bitcoin difficulty? Difficulty is going to drop slightly in 2 hours (shortterm) and dropped compared to what it was 5 monthes ago (longterm). Does not looking like dropping, well I cannot call it fast also. Just to clarify.

Regarding resell value - you have the bond to resell in the case of bonds.
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mila
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April 12, 2012, 01:25:20 PM
 #182

I am sorry, about "difficulty rising so fast", are we talking about same bitcoin difficulty?

yes, we're talking about the same difficulty that changed from 1.0 to 1.6 * 10^7 in last 40 months

http://bitcoin.sipa.be/
https://bitcointalk.org/?topic=2345.0

your ad here:
Garr255
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April 12, 2012, 11:52:25 PM
 #183

Also, the total mined balance can be found here: http://blockchain.info/address/15XmWTsyLp6WVMCn52sSTm1tB9NXyP9fRM

The reason the final balance is less than the total received is I'm sending funds to GLBSE as they become available.

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

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Kluge
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Michael, send me some coins before I hitman you


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April 13, 2012, 03:48:40 AM
 #184

So who put up the askwall?

Don't mix your coins someone said isn't legal
Garr255
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April 14, 2012, 05:10:37 AM
 #185

So who put up the askwall?
Also curious.

We got the rest of the boards, and up and running today!
http://dl.dropbox.com/u/9542654/btc/k/IMG_00000074.jpg
http://dl.dropbox.com/u/9542654/btc/k/IMG_00000076.jpg
http://dl.dropbox.com/u/9542654/btc/k/IMG_00000081.jpg

First mined dividend tomorrow!

Dipping into my personal funds a bit because some of the mined coins won't verify in time.

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

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conspirosphere.tk
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April 14, 2012, 07:46:04 AM
 #186

Should end up being ~1.5MH/s per share.

Mm. It means to get 150 Mhs or a little more I would need either to invest 50$ in a 5750 or 60 BTC=300$ for 100 shares. Maybe I better keep pwning mining hardware at home.

edit: mining @l33t speed

HorseRider
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April 14, 2012, 04:33:50 PM
 #187

Should end up being ~1.5MH/s per share.

Mm. It means to get 150 Mhs or a little more I would need either to invest 50$ in a 5750 or 60 BTC=300$ for 100 shares. Maybe I better keep pwning mining hardware at home.


electricity bills: FPGA consumes far less power. As the FPGA is more and more common, the difficulty will rise and some of the GPU will be mining at a loss with a common electricity price while all the FPGA is mining at full power with profit. and the most the importantly,  Cognitive have to pay no bills. Garr pays it.

scalability: It will be very impossible to expand the operation for the GPU mining for a single person.

Liquidity: With the 5750 mining at your home, it will be less convenient for one person to quit the mining investment. If one wants to reinvest, it will have to wait for months to accumulate the mining revenue to buy a new card. However, if invested in the Cognitive, you can reinvest and enlarge your mining power every week and quit the mining investment at any time you want.

time: How many time will it save you from the cooling/monitering?

Capital gain: the FPGA.Contract is trading at a even higher valuation level. and since the IPO end to now, the share price have been increased by nearly 20%, while at the same time there is mining income.

16SvwJtQET7mkHZFFbJpgPaDA1Pxtmbm5P
stabs
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April 14, 2012, 05:08:52 PM
 #188

Awesome job!
Garr255
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April 15, 2012, 02:37:49 AM
 #189

First dividend will be in a few hours, after some coins I just sent get six confirmations.

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

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Garr255
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April 15, 2012, 04:59:28 AM
 #190

Dividend paid!
0.00412787645 per share, 20.63938225 total

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

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HorseRider
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April 19, 2012, 06:02:44 AM
 #191

It seems that this week the dividend will be doubled.

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Garr255
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April 19, 2012, 06:19:08 AM
 #192

It seems that this week the dividend will be doubled.
Indeed it does, or maybe 150%

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

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friedcat
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April 22, 2012, 03:25:40 AM
 #193

The dividends have been paid. Thanks.

A little less than 150% of last week though. Will you consider using a (>100% PPS) pool like Bitbond does?

Garr255
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April 22, 2012, 04:14:36 AM
 #194

Yes. I've already been accepted to Clipse's 110% pool but have not yet switched over the miners. I plan to do that this week, along with getting graphs fully functional.

“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!
friedcat
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April 22, 2012, 04:26:30 AM
 #195

Yes. I've already been accepted to Clipse's 110% pool but have not yet switched over the miners. I plan to do that this week, along with getting graphs fully functional.

Great to know that. Keep up with your nice work.

I've actually started looking forward to your expansion plan. Smiley

Bitsinmyhead
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April 30, 2012, 04:30:20 PM
 #196

Just wanted to drop by and say how impressed I am by your operation.
This is how a Bitcoin company should be run, very transparent with everything on a very nice looking website.
Community needs more people like you. Much respect!

Trade Bitcoin using credit card and with 4:1 leverage at plus500.
Sign up through: http://www.plus500.com/?id=67176&pl=2 for €25 free, or become an affiliate here: http://www.500affiliates.com/?id=67176
Garr255
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April 30, 2012, 11:34:46 PM
 #197

Thanks Cheesy

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

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Garr255
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May 03, 2012, 04:05:11 AM
 #198

Cognitive has mined 99btc and counting!
http://eligius.st/~artefact2/7/15XmWTsyLp6WVMCn52sSTm1tB9NXyP9fRM?autorefresh=1

“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!
fizzisist
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May 03, 2012, 05:28:46 AM
 #199


Fantastic uptime, Garrett! You clearly are doing a good job managing these. Keep it up!

Garr255
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May 04, 2012, 03:43:01 AM
 #200

Speaking of uptime, we are getting through some downtime right now Tongue

I had to give my router a new IP, and MPBM didn't adjust on-the-fly, as most programs don't. I just restarted it and the bitstreams are uploading.

“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!
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