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Author Topic: Starting a new FPGA mining farm/contract! Cognitive Resurrected on[Havelock]  (Read 300458 times)
ryan1894
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December 28, 2013, 02:41:04 PM
Last edit: December 29, 2013, 10:15:53 AM by ryan1894
 #1821

Just lookin around at the vanity addresses:

Burnside has said:

1QKtEyRAUwVgod738WuEwUWcKGyRMMRea5
17ZRNXsS9AvzCQJaEmUJHHCDH5xLdvyxr8

were the deposit addresses.

I found 1Garr2555P4oiAaLQqXkcdAKGg4SMt3RZS in the taint analysis of the top address. I'm assuming this is his personal address?

Anyway.

The only thing I find fishy is that Garrett said he would be using 1cogHCDW6ScMxuXQ5DNxS6LvLRVP18vBt for the HHTT pool, yet there have been quite a few transactions from the HHTT fund pool to 1Garr2555P4oiAaLQqXkcdAKGg4SMt3RZS account.

The 115tTroRo3B9ZDQ6ATJGDCHcNEVbjJoZnF address seems to be some kind of payout address from ASICMiner shares.

The addresses we will be switching to are:

1cogxXyYU2EXEbdcV9j18PWenRU7gAjt1 for Slush's pool.
1cogHCDW6ScMxuXQ5DNxS6LvLRVP18vBt for HHTT (becoming effective this evening)
1cogtXwSq9pZLfNsiFv48UFzjdEtZGTN7 for Eligius  (becoming effective this evening)

Simply looking at historical charts of the first two balances:

https://blockchain.info/charts/balance?address=17ZRNXsS9AvzCQJaEmUJHHCDH5xLdvyxr8
https://blockchain.info/charts/balance?address=1QKtEyRAUwVgod738WuEwUWcKGyRMMRea5

These charts show no data into October/November.

Looking at Garrett's personal address:

There was a huge spike to 800+BTC in September which was probably a withdrawal into USD to buy the CoinTerra rigs, since they accept USD only, which was probably very very unlucky as this was just before the spike in BTC value.

The numbers seem about right - ~900 BTC @ ~160USD/BTC meaning $144,000USD meaning 10 rigs @ $14000USD each (the Dec batch) meaning ~20 TH/s in power which is around the 28TH/s in orders claimed by Garrett.

EDIT: more accurate figures:

888 BTC @ $125 / BTC at bitstamp turns out to be $111,000.

Quote
Yesterday, I placed an order for Cognitive from CoinTerra! I negotiated a discounted rate so we were able to purchase 14 2th/s boxes for a total hashrate of 28th/s, to be delivered in January!

which was made on: September 24, 2013, 07:23:28 PM

which coincides with the 888 BTC withdrawal (2013-09-13 00:34:16)

The Early January Batch was priced at $6k USD a rig, and the first batch (http://cointerra.com/product/terraminer-iv-2ths/) was priced at $14k.

For the early January batch, it works out to be 18.5 rigs. I'm thinking that in order to find a buyer for such an amount of bitcoin would ask for a much lower trade price, i.e. ~$110

It all works out, except possibly the October/November dividends.

Burnside's addresses do not have incoming transactions past early October
Garrett's new addresses i.e. prefix 1cog do not have any transactions before December.
Garrett's personal wallet contains some transactions between these times, in particular:
https://blockchain.info/tx/32996f77e6c45a5e0e8a54cf676f2a66bc3257594a3538b54be225adab0b9534
https://blockchain.info/tx/594426a949e9ac60878f51718ba771f4306748b32f4661f9d589fa85fb7492ec
https://blockchain.info/tx/ff982d55198f59c78db2be816d3c8236f0a353b480879971397f089b44bddccf
https://blockchain.info/tx/b51c5dabc53d07224323900d86e0562cd9778296616fbc161196898be888ac08
https://blockchain.info/tx/e751ee2e896c83cc1009a6154c26a6193a2d429211bf722ffc37d52e10a374b6

which add up to 0.35 BTC.

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December 29, 2013, 02:57:04 AM
 #1822

Listen to what he just said because he is right on.  When investors know where their money is and can see the value of the share today it builds great confidence.  I'm also interested in investing in your IPO.
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December 29, 2013, 03:15:12 PM
 #1823

Here, you can trade right now: https://www.havelockinvestments.com/order.php?symbol=COG. IPO was a whiles back (unless you were being sarcastic.) And shares are at a relatively low price. I have a feeling they will pick up when the units arrive in Jan.
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December 29, 2013, 05:55:08 PM
 #1824

Here, you can trade right now: https://www.havelockinvestments.com/order.php?symbol=COG. IPO was a whiles back (unless you were being sarcastic.) And shares are at a relatively low price. I have a feeling they will pick up when the units arrive in Jan.

Thanks for the analysis on that, Ryan.

I too am confident in share prices rising ones dividends are consistently being produced in January when we will have a 100% transparent operation.

Best,
Garrett

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December 30, 2013, 01:30:03 AM
 #1825

http://cointerra.com/engineering-update-goldstrike-fabout-bumpout-completed-sorting-packaging-underway/

Successful transactions: http://pastebin.com/GM27Ju59
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December 30, 2013, 02:30:48 AM
 #1826

Here, you can trade right now: https://www.havelockinvestments.com/order.php?symbol=COG. IPO was a whiles back (unless you were being sarcastic.) And shares are at a relatively low price. I have a feeling they will pick up when the units arrive in Jan.

Thanks for the analysis on that, Ryan.

I too am confident in share prices rising ones dividends are consistently being produced in January when we will have a 100% transparent operation.

Best,
Garrett

how many hashrates do we have after the miners all gather around in jan???

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December 30, 2013, 04:02:08 AM
 #1827


how many hashrates do we have after the miners all gather around in jan???

28TH/s from CoinTerra rigs

750GH/s from the current stuff
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December 30, 2013, 04:34:50 AM
 #1828


how many hashrates do we have after the miners all gather around in jan???

28TH/s from CoinTerra rigs

750GH/s from the current stuff

thx, and did you know how many shares do cog have including cogf1 and cogf2??

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December 30, 2013, 05:24:27 AM
 #1829

will be around 20k outstanding after cog.f and .f2 convert I think
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December 30, 2013, 07:30:17 AM
 #1830

will be around 20k outstanding after cog.f and .f2 convert I think

with the current difficulty,28th will genarate 11.9 B per day, 83 per week, 83/20000=0.00415,and all we know the difficulty is going high and high . the means when the miners are arrived, we will not make 0.00415per share.

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December 30, 2013, 09:04:28 AM
 #1831

From the mining output we can see garret was not mining on cog addresses for more than 45 days.
I expect a compensation for this breach of contract. An explanation is also welcome but less required.
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December 30, 2013, 12:11:35 PM
 #1832

[...]
I too am confident in share prices rising ones dividends are consistently being produced in January when we will have a 100% transparent operation.

Best,
Garrett

Why is it so difficult to have a 100% transparent operation for the last three months. Just post the logs from the pools etc.

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December 30, 2013, 02:04:57 PM
 #1833

[...]
I too am confident in share prices rising ones dividends are consistently being produced in January when we will have a 100% transparent operation.

Best,
Garrett

Why is it so difficult to have a 100% transparent operation for the last three months. Just post the logs from the pools etc.

i think it's just been a bundle of problems cropping up including:

btct closing
pool having bad luck and thus switching pools

im not sure though, i'm guessing those cognitivemining.com charts are coming online soon
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December 30, 2013, 02:56:31 PM
 #1834

i think it's just been a bundle of problems cropping up including:

btct closing
pool having bad luck and thus switching pools

Well, again, Garr mentioned that he was mining solo... Which means that he can't provide any evidence that it was mining at all.

Most likely he just stopped giving a fuck about miners for a month or two.

I agree with Tafelpoot that it no longer makes sense to ask for explanations and demand compensation instead.

Garrett already demonstrated that he will go to great length to avoid accusations, so it's just a waste of time.

In any case, (no matter what actually happened) it was a mismanagement and we can demand compensation.

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December 30, 2013, 08:55:47 PM
 #1835

Historical Cognitive US dollar share price based on the daily weighted average USD/BTC exchange rate on Camp BX.

These shares were "delisted" from 10/6/2013 through 11/4/2013 which explains the linear increase from late September to mid November. This gives historical perspective of what each share would be worth if you were to liquidate and cash out the BTC the same day. Date range covers 12/7/12 through 12/30/13 while listed both on BTC-TC and Havelock.



I'll be happy to share the source data if anyone wants to do further analysis.

PS - has the Cognitive shareholder conference call been scheduled? It would be nice to have before the Cointerra rigs arrive.
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December 30, 2013, 09:11:08 PM
 #1836

i think it's just been a bundle of problems cropping up including:

btct closing
pool having bad luck and thus switching pools

Well, again, Garr mentioned that he was mining solo... Which means that he can't provide any evidence that it was mining at all.

Most likely he just stopped giving a fuck about miners for a month or two.

I agree with Tafelpoot that it no longer makes sense to ask for explanations and demand compensation instead.

Garrett already demonstrated that he will go to great length to avoid accusations, so it's just a waste of time.

In any case, (no matter what actually happened) it was a mismanagement and we can demand compensation.

Pirate was mismanaged. This is some retarded kiddo who is surprisingly pulling textbook scams on your asses. Multiple times so far.

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December 30, 2013, 10:57:09 PM
 #1837

Pirate was mismanaged. This is some retarded kiddo who is surprisingly pulling textbook scams on your asses. Multiple times so far.

Agreed. The fact that people are still trusting this guy after shareholders have been very clearly ripped off is really surprising. He doesn't even bother to attempt to defend himself or respond to any of this.


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December 31, 2013, 01:44:05 AM
 #1838

But he did right? He said he was solo mining?

I'm not saying you should believe it, but that was his story right?

I'm not really sure since we never got a fully explained story and he never responds to any questions about this period of time.

I see what you're getting at though. It's possible that he was just grossly incompetent, and not actually a willful scammer.  However, as he refuses to give us any further information or respond, we don't really know for sure.  In either case it seems a bad idea to continue to invest in this "company".

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December 31, 2013, 02:32:09 AM
 #1839

I propose two motions:

1. Motion to delete or not allow shareholders the ability to reclaim their shares that they have not claimed by now for Havelock.

2. Motion to purchase additional mining gear with our current funds (which is around $9k+?)  This could be either the Litecoin gear that we voted on if that passes or something else like additional gear from Cointerra at a more extreme discount.
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December 31, 2013, 06:04:10 AM
 #1840

I propose two motions:

1. Motion to delete or not allow shareholders the ability to reclaim their shares that they have not claimed by now for Havelock.

2. Motion to purchase additional mining gear with our current funds (which is around $9k+?)  This could be either the Litecoin gear that we voted on if that passes or something else like additional gear from Cointerra at a more extreme discount.

I would much rather that we either purchase a bunch of r9 280x mining rigs and mine on middlecoin or wait for a scrypt asic and mine on middlecoin.
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