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Author Topic: Starting a new FPGA mining farm/contract! Cognitive Resurrected on[Havelock]  (Read 274430 times)
superresistant
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January 19, 2014, 10:49:07 AM
 #1961

Cognitive is run by a guy who has little time. I suggest he gets Cognitive right first, before venturing into every possible available altcoin.

Yes but this part could be managed by an other person. The is no geographic requirement so anyone from this group could do it.
We can have a small CPU team like :
 - One person that write and test the auto-install script
 - One person that decide which coin to mine according to calculation
 - One person that rent servers and copy paste the script
 - One person that sell the coins on this forum or on exchange
Everyone could check the mining pool data and the main wallet.

It is all about getting a bit organized and having some staff or volunteers.

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January 19, 2014, 11:31:33 AM
 #1962

Cognitive is run by a guy who has little time. I suggest he gets Cognitive right first, before venturing into every possible available altcoin.

Yes but this part could be managed by an other person. The is no geographic requirement so anyone from this group could do it.
We can have a small CPU team like :
 - One person that write and test the auto-install script
 - One person that decide which coin to mine according to calculation
 - One person that rent servers and copy paste the script
 - One person that sell the coins on this forum or on exchange
Everyone could check the mining pool data and the main wallet.

It is all about getting a bit organized and having some staff or volunteers.

Currently I don't think organisation is Cognitive's strong point.

Sounds like you got a plan though. Have you thought of starting your own security?

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January 19, 2014, 03:18:40 PM
 #1963


Cognitive is run by a guy who has little time. I suggest he gets Cognitive right first, before venturing into every possible available altcoin.


+1

You slanderous souls!

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January 20, 2014, 08:29:26 PM
 #1964

Any COG shareholders going to the Bitcoin conference in Miami next weekend, Jan 25th-26th?

PM me if you are.

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January 21, 2014, 02:30:10 PM
 #1965

Hi Guys,

Could someone explain me how to understand contracts COG F and COG F2. It is said that one contract represents 20 shares in COG, it will be some transfer done when equipment arrive for Cog or what?
What is the difference between COg f and cog f2? the prices are different but it should represents the same (20 shares in COG) or I am missing something?

For example when I buy one contract of cog f - it means that when hardware for cog arrives I will get 20 shares of COG? or maybe when 100 contracts will be sold of cog f - then Garry will buy miners and establish new found ang give me 20 shares?

What is the difference between f and f2?

And last but not least - how many GHs I will get for one direct COG share now?

Thank You I would like to invest but am compeltly noob right now:/
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January 21, 2014, 02:58:51 PM
 #1966

I think garret will gladly provide all that information in his financial report will come 2 weeks ago.
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January 21, 2014, 03:23:39 PM
 #1967

What I have found:

on havelock now:
COG - 9577 shares
COG f1 - 96
COG - F2 - 95

it gives us 9577+96*20+96*20 = 13397

GHS- 28,75 Th - so 28,75/13397 about 2.05 Ghs per share am I right?
But 50 % for reinvestment so we get dividents from only 1.025 Ghs. So price for one share is correspond to about 1ghs. It is not best solution I have found on havelock.
Or maybe I am missing something.

And still dont know why there is big difference in price for contract f and f2??
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January 21, 2014, 03:58:13 PM
 #1968

What I have found:

on havelock now:
COG - 9577 shares
COG f1 - 96
COG - F2 - 95

it gives us 9577+96*20+96*20 = 13397

GHS- 28,75 Th - so 28,75/13397 about 2.05 Ghs per share am I right?
But 50 % for reinvestment so we get dividents from only 1.025 Ghs. So price for one share is correspond to about 1ghs. It is not best solution I have found on havelock.
Or maybe I am missing something.

And still dont know why there is big difference in price for contract f and f2??

Both are very illiquid  - that's the reason for the difference.
There are still some unclaimed shares  - unclaimed on Havelock. In total probably about 14500 (?) shares (F1 and F2 included).

When comparing Ghs between mines: compare Ghs/share and don't take into account reinvestment rules.

If you want to calculate dividend then reinvestment is important but reinvestment is also some form of 'dividend' as it normally increases Ghs/share  and thus increases future payouts.

Hope it helps.



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January 21, 2014, 04:59:30 PM
 #1969

The other reason COG is "valuable", besides 2.05GH/share with 50% reinvestment, is cog has been around through three different exchanges and each time the operator didn't run off with the goods, though he could have.  COG has been paying dividends for over a year (and afaik there has been only one incident, somewhat recently, where divs were missed - we are still unclear on why).

As much as people have been complaining recently about this div issue (rightfully so!) many people trust COG over some unproven org that has been around for shorter, or said things like "oh, yeah, we're *totally* gonna have a petahash in march" or whatever, with no history of actually doing stuff like that.  Garrett was an early customer of Cointerra too, and supposedlly negotiated a *very* good bulk purchasing deal, and he has said he hoped to have another one for Q2 2014, again implying that COG's future is bright.

To clarify, after the last exchange move, there were some unclaimed share, but the *real* totals are 10420 shares + 100 COG.F1 + 100 COG.F2.  F1 and F2 started off different but a motion has joined them to be exactly equivalent now.  When the cointerra order arrives (should be in the next week or two) each F1 and F2 share will convert into 20 COG shares, and our current hashrate is ~750GH/s, but after cointerra it will be 28.75 TH/s


EDIT: Oh, almost forgot - we have also recently purchased some scrypt miners, so that is going to supplement DIVs (will still be converted to and paid in BTC).  It is unclear what the profit projections are on that.

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January 21, 2014, 05:27:07 PM
 #1970

The other reason COG is "valuable", besides 2.05GH/share with 50% reinvestment, is cog has been around through three different exchanges and each time the operator didn't run off with the goods, though he could have.  COG has been paying dividends for over a year (and afaik there has been only one incident, somewhat recently, where divs were missed - we are still unclear on why).

As much as people have been complaining recently about this div issue (rightfully so!) many people trust COG over some unproven org that has been around for shorter, or said things like "oh, yeah, we're *totally* gonna have a petahash in march" or whatever, with no history of actually doing stuff like that.  Garrett was an early customer of Cointerra too, and supposedlly negotiated a *very* good bulk purchasing deal, and he has said he hoped to have another one for Q2 2014, again implying that COG's future is bright.

To clarify, after the last exchange move, there were some unclaimed share, but the *real* totals are 10420 shares + 100 COG.F1 + 100 COG.F2.  F1 and F2 started off different but a motion has joined them to be exactly equivalent now.  When the cointerra order arrives (should be in the next week or two) each F1 and F2 share will convert into 20 COG shares, and our current hashrate is ~750GH/s, but after cointerra it will be 28.75 TH/s


EDIT: Oh, almost forgot - we have also recently purchased some scrypt miners, so that is going to supplement DIVs (will still be converted to and paid in BTC).  It is unclear what the profit projections are on that.

Can I make a correction to this statement? Most people here really don't care much as they've invested only in COG, F1 and F2, but Garrett is on DEFAULT on FIMB (a BTC bond with 2% monthly interest) since October/2013, and given his (famous) elusiveness and how irresponsibly he has been treating this subject, I already feel like I have been robbed.

I've been around here demanding a solution for months with no concrete results. Sometimes Garrett will touch the subject and say something like "it will be paid next week" or "it is going to Havelock soon" only to gain more time, and that's pretty much it. EVEN IF YOU HOLD ONLY COG/F1/F2 AND DON'T HOLD FIMB BONDS, YOU SHOULD BE DEEPLY WORRIED ABOUT IT BECAUSE A DEFAULT IMPLIES A COMPLETE LACK OF CONFIDENCE IN THE UNDERLYING ISSUER.

Garrett, I won't stop posting until you pay up, and if there is one thing I can promise is that this will get worse as time passes.
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January 21, 2014, 05:59:46 PM
 #1971

The other reason COG is "valuable", besides 2.05GH/share with 50% reinvestment, is cog has been around through three different exchanges and each time the operator didn't run off with the goods, though he could have.  COG has been paying dividends for over a year (and afaik there has been only one incident, somewhat recently, where divs were missed - we are still unclear on why).

As much as people have been complaining recently about this div issue (rightfully so!) many people trust COG over some unproven org that has been around for shorter, or said things like "oh, yeah, we're *totally* gonna have a petahash in march" or whatever, with no history of actually doing stuff like that.  Garrett was an early customer of Cointerra too, and supposedlly negotiated a *very* good bulk purchasing deal, and he has said he hoped to have another one for Q2 2014, again implying that COG's future is bright.

To clarify, after the last exchange move, there were some unclaimed share, but the *real* totals are 10420 shares + 100 COG.F1 + 100 COG.F2.  F1 and F2 started off different but a motion has joined them to be exactly equivalent now.  When the cointerra order arrives (should be in the next week or two) each F1 and F2 share will convert into 20 COG shares, and our current hashrate is ~750GH/s, but after cointerra it will be 28.75 TH/s


EDIT: Oh, almost forgot - we have also recently purchased some scrypt miners, so that is going to supplement DIVs (will still be converted to and paid in BTC).  It is unclear what the profit projections are on that.

Can I make a correction to this statement? Most people here really don't care much as they've invested only in COG, F1 and F2, but Garrett is on DEFAULT on FIMB (a BTC bond with 2% monthly interest) since October/2013, and given his (famous) elusiveness and how irresponsibly he has been treating this subject, I already feel like I have been robbed.

I've been around here demanding a solution for months with no concrete results. Sometimes Garrett will touch the subject and say something like "it will be paid next week" or "it is going to Havelock soon" only to gain more time, and that's pretty much it. EVEN IF YOU HOLD ONLY COG/F1/F2 AND DON'T HOLD FIMB BONDS, YOU SHOULD BE DEEPLY WORRIED ABOUT IT BECAUSE A DEFAULT IMPLIES A COMPLETE LACK OF CONFIDENCE IN THE UNDERLYING ISSUER.

Garrett, I won't stop posting until you pay up, and if there is one thing I can promise is that this will get worse as time passes.


I think..... that.... you ..... should stop with the slander!


Bahahahaha.


alincoln, but seriously, he is just frying bigger fishes. Oh did I say frying? I meant scamming.

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January 22, 2014, 10:59:57 AM
 #1972

The other reason COG is "valuable", besides 2.05GH/share with 50% reinvestment, is cog has been around through three different exchanges and each time the operator didn't run off with the goods, though he could have.  

This is not true. Garrett has made at least 2 months worth of dividends "disappear".  We have no way of knowing that he will reliable in the future because he certainly hasn't been so far.

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January 22, 2014, 11:11:41 AM
 #1973


What I like in COGNITIVE is his resilience against time, scam accusations and worst of all, kakobrekla's trolling.

I don't think that any security can compete with COGNITIVE on the long run. Most people would have committed suicide in that environment.

You can make your own mining company and sell me your shares if you're not happy. I'm serious PM-me your offer.





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January 22, 2014, 01:24:59 PM
 #1974

The other reason COG is "valuable", besides 2.05GH/share with 50% reinvestment, is cog has been around through three different exchanges and each time the operator didn't run off with the goods, though he could have.  

This is not true. Garrett has made at least 2 months worth of dividends "disappear".  We have no way of knowing that he will reliable in the future because he certainly hasn't been so far.

I'm not letting Garrett "off the hook" for the missing dividends and neither should anyone else - I explicitly mentioned them elsewhere in my post you selectively quoted from - but as superresistant said, for a security run over the course of more than a year, facing several high-risk adverse situations, COG has fared very well (and the actual amount missing, I believe, is a *portion* of the dividends from 6 weeks).

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January 22, 2014, 01:44:24 PM
 #1975


What I like in COGNITIVE is his resilience against time, scam accusations and worst of all, kakobrekla's trolling.

I don't think that any security can compete with COGNITIVE on the long run. Most people would have committed suicide in that environment.

You can make your own mining company and sell me your shares if you're not happy. I'm serious PM-me your offer.


Quoted for preservation.

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January 22, 2014, 02:27:36 PM
 #1976

What I like in COGNITIVE is his resilience against time, scam accusations and worst of all, kakobrekla's trolling.
I don't think that any security can compete with COGNITIVE on the long run. Most people would have committed suicide in that environment.
You can make your own mining company and sell me your shares if you're not happy. I'm serious PM-me your offer.
Quoted for preservation.

When is the volume 3 of kakobrekla's best jokes released ?

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January 22, 2014, 02:59:00 PM
 #1977


When is the volume 3 of kakobrekla's best jokes released ?

You can submit them here http://bash.bitcoin-assets.com/

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January 22, 2014, 02:59:40 PM
 #1978

TODAY IS 01/22/14, IT'S BEEN 98 DAYS SINCE GARRETT LAST PAID FIMB DIVIDENDS.

I'll post this every day until he pays up late dividends and principal.

I own 7712 bonds (face value: 77.12BTC), my withdrawal address is 1Bqg9YKE25U1BRCRm3pJiGsiFE5vvgirtB

GARRETT, PAY UP.
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January 22, 2014, 04:41:20 PM
 #1979

TODAY IS 01/22/14, IT'S BEEN 98 DAYS SINCE GARRETT LAST PAID FIMB DIVIDENDS.

I'll post this every day until he pays up late dividends and principal.

I own 7712 bonds (face value: 77.12BTC), my withdrawal address is 1Bqg9YKE25U1BRCRm3pJiGsiFE5vvgirtB

GARRETT, PAY UP.

Most likely Garrett simple has no money now, perhaps he invested everything into mining hardware and now waits until it is delivered, hoping that mining revenues would allow him to start paying.

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January 22, 2014, 04:44:40 PM
 #1980

Most likely Garrett simple has no money now, perhaps he invested everything into mining hardware and now waits until it is delivered, hoping that mining revenues would allow him to start paying.

See, the thing is Alberto Armandi also simply has no money now.

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