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Author Topic: Starting a new FPGA mining farm/contract! Cognitive Resurrected on[Havelock]  (Read 274696 times)
alincoln
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January 29, 2014, 10:00:44 PM
 #2041

P.S. Emails have been sent to FIMB holders regarding repayment. Please confirm here.

Hi Garrett,

I confirm having received your email regarding FIMB. If you don't mind I am replying to it here. Your proposal was:

Hey,

As you saw I sent an email to all FIMB holders regarding repayment. I plan on repaying 50% now and the rest as my personal mining income comes in. Because you are an exceptionally large FIMB holder, I thought I should contact you directly. What works best for you in terms of repayment?

This works for me, with the following remarks:
- Unpaid/late dividends from the last months should be paid in fully prior to you buying back
- As per FIMB's contract, you'd be buying back bonds at 102% of face value
- You'd be buying back half of the bonds now, so the other half would stay active and generating 2% monthly interest.
- At the first day of every month when FIMB dividends are due, you can buy back more bonds as your personal mining income comes in.

Given that FIMB's contract has a buy back clause, the above plan is simply following the contract to the letter. What do you say?



Garrett,

Looking forward your reply to this.

Thanks.

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btcboston
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January 30, 2014, 01:06:12 AM
 #2042

Also, please review the quote below if you have not read it above. I am turning Cognitive around.

That's great news! I am eagerly awaiting your response on the questions that we had around the missed dividends in October/November.

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January 30, 2014, 07:18:15 AM
 #2043


Pretty much sounds like there's no protection if the miners arrive Feb. 3rd. (Which was pointed out long ago.) But then again we are just taking Garrett's word on the contract since no shareholder has the privilege of such knowledge. Similar to the past quarter or two clarification is needed.

Any word on the scrypt mining setup?

What about the housing location of all this new hardware? Is it wired and ready to go? Shelves in place? Cooling all set? If hardware was initially expected by now, why has this not been completed?

Where are the financials promised more than two months ago on December 2nd? Charts? Live updates of mining address'?

Still not taking responsibility for the mismanagement of mining hardware and resulting dividends for months? An "Oops I'm sorry we had bad luck." doesn't cut it when overseeing mining hardware and resulting profits/revenue.

Once again I just see words and promises followed by a lack of details, supporting facts and concrete follow thru, why is that?

The level of dedication devoted to this outfit can be seen as negligent at best in my opinion.


P.S.

@alincoln What's the situation on this FIMB communication?


P.S.S.

My recommendation, if you want all of #bitcoin-assets to leave you alone, start proving them wrong.




You ignored/chose not to respond to/didnt see any of my post(s) (or alincoln's) yet have the gall to state you are turning Cognitive around. Care to show or prove how this is happening?

Quote
Once all our sCrypt rigs are complete I will make a dedicated bitcoin address and point all the miners to it via middlecoin.

Why wait? What's with the procrastination? Don't tell us you're solo-mining again.

If you're ignoring me because you think I'm a troll or another slanderous soul, so be it. All I'm looking for is some accountability, open communication and honesty here. All components that most logical people would incorporate into "turning" a company around.

Either you own the bitcoins(private keys) or you don't. However with moneroj, nobody knows what you own.
Secure. Private. Untraceable.
Garr255
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January 30, 2014, 07:23:14 AM
 #2044

My apologies MilkyLep, I missed your quoted post. Yes everything is ready to go to receive hardware. The live charts are in developments and will be completed ASAP. The remainder of your inquires have been addressed throughout the posts following yours.


I fully believe we need to hire a PR manager, as my time can be much more effectively used actually working on things as opposed to maintaining this thread.

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

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January 30, 2014, 07:27:42 AM
 #2045

(The following is not related to Cognitive)


alincoln, I do realize that that would be the best case scenario for you. However, please acknowledge that I am taking a heavy loss on this one, so please accept a full refund of your initial investment Plus all dividends up to the last one that was paid. With that case, you've still made more money than just holding coins, which is pretty damn good.

I hope you believe this request to be reasonable. It's the best I can do.

“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!
alincoln
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January 30, 2014, 09:45:52 AM
 #2046

(The following is not related to Cognitive)


alincoln, I do realize that that would be the best case scenario for you. However, please acknowledge that I am taking a heavy loss on this one, so please accept a full refund of your initial investment Plus all dividends up to the last one that was paid. With that case, you've still made more money than just holding coins, which is pretty damn good.

I hope you believe this request to be reasonable. It's the best I can do.


I accept your offer. However if you are leaving half to be paid later as you said, I expect as a minimum that you schedule monthly payments according to your personal mining revenue and finish paying in 2014.

I own 7712 bonds and my withdrawal address is 1Bqg9YKE25U1BRCRm3pJiGsiFE5vvgirtB

Please confirm and post here.
investr
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January 30, 2014, 06:08:18 PM
 #2047

Who's developing these "live charts"?

Successful transactions: http://pastebin.com/GM27Ju59
investr
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January 30, 2014, 08:24:18 PM
 #2048

FYI as far as gpu pools goes, my buddy points his gpu rigs to https://hashco.ws/

I had never heard of them before, but he says they do the same and charge the same as middlecoin.

Successful transactions: http://pastebin.com/GM27Ju59
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January 31, 2014, 06:45:29 AM
 #2049

Kakobrakla seems to have been right all of you who have mage it this far, abandon all hope.

alincoln
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January 31, 2014, 11:49:58 AM
 #2050

(The following is not related to Cognitive)


alincoln, I do realize that that would be the best case scenario for you. However, please acknowledge that I am taking a heavy loss on this one, so please accept a full refund of your initial investment Plus all dividends up to the last one that was paid. With that case, you've still made more money than just holding coins, which is pretty damn good.

I hope you believe this request to be reasonable. It's the best I can do.


I accept your offer. However if you are leaving half to be paid later as you said, I expect as a minimum that you schedule monthly payments according to your personal mining revenue and finish paying in 2014.

I own 7712 bonds and my withdrawal address is 1Bqg9YKE25U1BRCRm3pJiGsiFE5vvgirtB

Please confirm and post here.

Garrett,

Can we settle this today please? It's about the time we move on.

Looking forward your payment to the address above.
kakobrekla
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January 31, 2014, 03:42:31 PM
 #2051

Begging for your own money, that is familiar. As if this was a scam, as if.

Garr255
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January 31, 2014, 03:48:04 PM
 #2052

(The following is not related to Cognitive)


alincoln, I do realize that that would be the best case scenario for you. However, please acknowledge that I am taking a heavy loss on this one, so please accept a full refund of your initial investment Plus all dividends up to the last one that was paid. With that case, you've still made more money than just holding coins, which is pretty damn good.

I hope you believe this request to be reasonable. It's the best I can do.


I accept your offer. However if you are leaving half to be paid later as you said, I expect as a minimum that you schedule monthly payments according to your personal mining revenue and finish paying in 2014.

I own 7712 bonds and my withdrawal address is 1Bqg9YKE25U1BRCRm3pJiGsiFE5vvgirtB

Please confirm and post here.

Actually Kakobrekla is terribly wrong. Half repayment (BTC38.56) will be sent sent to alincoln today, 1Bqg9YKE25U1BRCRm3pJiGsiFE5vvgirtB txid:

“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!
alincoln
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January 31, 2014, 03:49:22 PM
 #2053

Begging for your own money, that is familiar. As if this was a scam, as if.

I am being polite and reasonable for pragmatism really - I just want to get my money back and move on. Truth is I'm exhausted by all this lack of communication and procrastination in coming to a solution.
kakobrekla
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January 31, 2014, 03:52:05 PM
 #2054

Begging for your own money, that is familiar. As if this was a scam, as if.

I am being polite and reasonable for pragmatism really - I just want to get my money back and move on. Truth is I'm exhausted by all this lack of communication and procrastination in coming to a solution.


Dont worry,
Kakobrekla is terribly wrong.



Though I do not see where.

theterabyte
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January 31, 2014, 06:46:03 PM
 #2055

Actually Kakobrekla is terribly wrong. Half repayment (BTC38.56) will be sent sent to alincoln today, 1Bqg9YKE25U1BRCRm3pJiGsiFE5vvgirtB txid:

I'm really sorry FIMB defaulted, alincoln, but I am very glad things are being worked out.  I hope seeing the payment made, and getting this monkey off Garrett's back, will be the first of many steps to rebuild trust.  I'm looking forward to a bright future for COG.

My Bitcoin Tip Jar: 11Ws5nzwy44cMcymu6ddRxdp9uvDonNqB
alincoln
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January 31, 2014, 06:47:58 PM
 #2056

Actually Kakobrekla is terribly wrong. Half repayment (BTC38.56) will be sent sent to alincoln today, 1Bqg9YKE25U1BRCRm3pJiGsiFE5vvgirtB txid:

I'm really sorry FIMB defaulted, alincoln, but I am very glad things are being worked out.  I hope seeing the payment made, and getting this monkey off Garrett's back, will be the first of many steps to rebuild trust.  I'm looking forward to a bright future for COG.

Thanks for your kind words... I'm anxious here waiting for payment!
investr
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January 31, 2014, 09:34:35 PM
 #2057

(The following is not related to Cognitive)


alincoln, I do realize that that would be the best case scenario for you. However, please acknowledge that I am taking a heavy loss on this one, so please accept a full refund of your initial investment Plus all dividends up to the last one that was paid. With that case, you've still made more money than just holding coins, which is pretty damn good.

I hope you believe this request to be reasonable. It's the best I can do.


I accept your offer. However if you are leaving half to be paid later as you said, I expect as a minimum that you schedule monthly payments according to your personal mining revenue and finish paying in 2014.

I own 7712 bonds and my withdrawal address is 1Bqg9YKE25U1BRCRm3pJiGsiFE5vvgirtB

Please confirm and post here.

Actually Kakobrekla is terribly wrong. Half repayment (BTC38.56) will be sent sent to alincoln today, 1Bqg9YKE25U1BRCRm3pJiGsiFE5vvgirtB txid:

and the 1/27 dividend

Successful transactions: http://pastebin.com/GM27Ju59
alincoln
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February 01, 2014, 12:05:34 PM
 #2058

Quote
Actually Kakobrekla is terribly wrong. Half repayment (BTC38.56) will be sent sent to alincoln today, 1Bqg9YKE25U1BRCRm3pJiGsiFE5vvgirtB txid:

Another day and still nothing. +1 to Kakobrekla.
alincoln
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February 02, 2014, 10:30:48 AM
 #2059

Quote
Actually Kakobrekla is terribly wrong. Half repayment (BTC38.56) will be sent sent to alincoln today, 1Bqg9YKE25U1BRCRm3pJiGsiFE5vvgirtB txid:

Another day and still nothing. +1 to Kakobrekla.

Another missed date from Garrett. +2 to Kakobrekla. Garrett I really believed this time you'd pay up on time.
btcboston
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February 02, 2014, 08:21:33 PM
 #2060

My apologies MilkyLep, I missed your quoted post. Yes everything is ready to go to receive hardware. The live charts are in developments and will be completed ASAP. The remainder of your inquires have been addressed throughout the posts following yours.

Hi Garrett,
I think you might have missed my post as well.

I would like a response at your earliest convenience.

Thanks

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