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Author Topic: Starting a new FPGA mining farm/contract! Cognitive Resurrected on[Havelock]  (Read 274473 times)
snowdropfore
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February 18, 2014, 02:03:00 AM
 #2181

since we get the machines now,when the F1 and F2 will be converted  to cog and get the dividends just like cog shareholders???
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Newar
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February 18, 2014, 02:18:05 AM
 #2182

All info will be coming online this week, along with our first batch of Terraminers!


I will return with a detailed update this evening.

Cheers,
Garrett

PS, for added transparency, I will even be including the tracking numbers for all of the Terraminers!

Don't waste time announcing/promising. Just do it.

By "all info" you hopefully mean back until last October. Do it.

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helloge
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I do escrow!


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February 18, 2014, 09:28:14 AM
 #2183

All info will be coming online this week, along with our first batch of Terraminers!


I will return with a detailed update this evening.

Cheers,
Garrett

PS, for added transparency, I will even be including the tracking numbers for all of the Terraminers!

Don't waste time announcing/promising. Just do it.

By "all info" you hopefully mean back until last October. Do it.
+1
JUST DO IT ,man.
we need action ,not words.

runam0k
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Touchdown


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February 18, 2014, 09:39:40 AM
 #2184

I will return with a detailed update this evening.

Cheers,
Garrett
Is it still yesterday evening over there?
odin.dillinger
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February 18, 2014, 10:34:21 AM
 #2185

Garr,
this is the second time in a couple of weeks you have promised financial reports,progress updates and to adress the transparency issues thats killing this asset at the moment, without following trough.

Please understand that it is detrimental to both ones reputation and mental health when one promises something and dont follow up. Better not promise anything.

That beeing said I understand this thing kinda blew up in your face, and starting college etc is taking up your pecious time,but i kindly urge you:

Hire some secretary/pr guy/accountant to take care of all the backoffice tasks that comes with managing a couple of 100 thousand dollar company/asset.

try http://www.reddit.com/r/Jobs4Bitcoins and search for exel skillz or something.
superresistant
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February 18, 2014, 10:37:28 AM
 #2186


Everyone agree to hire new staff for Cognitive. Please do it Garrett.

kakobrekla
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Psi laju, karavani prolaze.


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February 18, 2014, 03:56:51 PM
 #2187


Everyone agree to hire new staff for Cognitive. Please do it Garrett.


Much harder to steal if someone else is taking care of monies.

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February 19, 2014, 01:02:09 AM
 #2188

Much harder to steal if someone else is taking care of monies.

You nailed it.

+1

Surf Capital Management
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February 19, 2014, 03:52:30 PM
 #2189

phone calls go unanswered too......

superresistant
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February 19, 2014, 04:12:11 PM
 #2190


It's not about getting away with the money from COG.

Cognitive ordered hardware, it's already paid.

Is someone in touch with Cointerra ?

silverfuture
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February 19, 2014, 05:01:52 PM
 #2191

I don't know if it is incompetence or graft but it looks like Garr is intentionally running this company into the ground with false promises. We don't need staff, we need new management. How can this be accomplished? Any ideas?

 Garr will you hand management over to someone of the shareholder's choice voluntarily and become a shareholder yourself?

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Tafelpoot
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February 19, 2014, 06:21:23 PM
 #2192

I don't know if it is incompetence or graft but it looks like Garr is intentionally running this company into the ground with false promises. We don't need staff, we need new management. How can this be accomplished? Any ideas?

 Garr will you hand management over to someone of the shareholder's choice voluntarily and become a shareholder yourself?
I agree that his broken promises are pure market manipulation. He might have done the same with the "late" delivery of the bfl gear.
I think the safest option might be to sell all assets and close this "coop"...
Garr255
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What's a GPU?


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February 19, 2014, 10:18:19 PM
 #2193

Hi All,

Six units arrived and began hashing yesterday. I have not been responsive on the forums or made any announcement because I have been busy actually acquiring the hardware and bringing it online.

All hashing from the CoiTterra units is publicly viewable here: http://eligius.st/~wizkid057/newstats/userstats.php/1cogxXyYU2EXEbdcV9j18PWenRU7gAjt1

Here is a tracking number for the boxes: http://wwwapps.ups.com/WebTracking/processRequest?HTMLVersion=5.0&Requester=NES&AgreeToTermsAndConditions=yes&loc=en_US&tracknum=1Z7658VA1341916343&WT.z_eCTAid=ct1_eml_Tracking

Today, I will move all of Cognitive's BTC holdings to a single address and publish that address.

I will respond to everyone's comments on the forum once I have finished the actual work, because that is the priority and always has been.

Will be back today multiple times with new updates.

--Garrett

“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!
Garr255
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What's a GPU?


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February 19, 2014, 10:20:30 PM
 #2194


Everyone agree to hire new staff for Cognitive. Please do it Garrett.


I have sorted out an employee to handle management of PR, which is much needed. He currently is an equitable partner of uPin and does a great job with PR for them.

“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!
elasticband
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Nighty Night Don't Let The Trolls Bite Nom Nom Nom


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February 19, 2014, 10:27:08 PM
 #2195

Hi All,

Six units arrived and began hashing yesterday. I have not been responsive on the forums or made any announcement because I have been busy actually acquiring the hardware and bringing it online.

All hashing from the CoiTterra units is publicly viewable here: http://eligius.st/~wizkid057/newstats/userstats.php/1cogxXyYU2EXEbdcV9j18PWenRU7gAjt1

Here is a tracking number for the boxes: http://wwwapps.ups.com/WebTracking/processRequest?HTMLVersion=5.0&Requester=NES&AgreeToTermsAndConditions=yes&loc=en_US&tracknum=1Z7658VA1341916343&WT.z_eCTAid=ct1_eml_Tracking

Today, I will move all of Cognitive's BTC holdings to a single address and publish that address.

I will respond to everyone's comments on the forum once I have finished the actual work, because that is the priority and always has been.

Will be back today multiple times with new updates.

--Garrett

what about the 2-4TH that has been mining to your 1garr BTC address?
Garr255
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What's a GPU?


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February 19, 2014, 10:33:21 PM
 #2196

Hi All,

Six units arrived and began hashing yesterday. I have not been responsive on the forums or made any announcement because I have been busy actually acquiring the hardware and bringing it online.

All hashing from the CoiTterra units is publicly viewable here: http://eligius.st/~wizkid057/newstats/userstats.php/1cogxXyYU2EXEbdcV9j18PWenRU7gAjt1

Here is a tracking number for the boxes: http://wwwapps.ups.com/WebTracking/processRequest?HTMLVersion=5.0&Requester=NES&AgreeToTermsAndConditions=yes&loc=en_US&tracknum=1Z7658VA1341916343&WT.z_eCTAid=ct1_eml_Tracking

Today, I will move all of Cognitive's BTC holdings to a single address and publish that address.

I will respond to everyone's comments on the forum once I have finished the actual work, because that is the priority and always has been.

Will be back today multiple times with new updates.

--Garrett

what about the 2-4TH that has been mining to your 1garr BTC address?

The actual hashrate there is ~1.8th/s which I am receiving as a management fee for running machines owned by ineededausername . He is a very reputable and trustworthy member here; PM him and he will be happy to verify.

“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!
theterabyte
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February 19, 2014, 10:57:40 PM
 #2197

Hi All,

Six units arrived and began hashing yesterday. I have not been responsive on the forums or made any announcement because I have been busy actually acquiring the hardware and bringing it online.

All hashing from the CoiTterra units is publicly viewable here: http://eligius.st/~wizkid057/newstats/userstats.php/1cogxXyYU2EXEbdcV9j18PWenRU7gAjt1

Here is a tracking number for the boxes: http://wwwapps.ups.com/WebTracking/processRequest?HTMLVersion=5.0&Requester=NES&AgreeToTermsAndConditions=yes&loc=en_US&tracknum=1Z7658VA1341916343&WT.z_eCTAid=ct1_eml_Tracking

Today, I will move all of Cognitive's BTC holdings to a single address and publish that address.

I will respond to everyone's comments on the forum once I have finished the actual work, because that is the priority and always has been.

Will be back today multiple times with new updates.

--Garrett

what about the 2-4TH that has been mining to your 1garr BTC address?

The actual hashrate there is ~1.8th/s which I am receiving as a management fee for running machines owned by ineededausername . He is a very reputable and trustworthy member here; PM him and he will be happy to verify.

This is great news.  This is what we need to see more of.  Thank you for providing an independent party to verify the source of payments to the 1Garr address.  Thank you for working to get the machines hashing ASAP.  Also, thank you for committing to moving all funds into a transparent place.  Now, once they are all set up, please don't stop there!  We still have a lot of work to do to turn cog around and prove the trolls wrong.  Kako might be an annoying asshole, but many of his "doom and gloom" criticisms still have yet to be addressed!

The following things are still of critical importance IMO:
1. Ensure that the new address where all COG funds are stored will be verifiable and contains *all* the expected "reinvestment" funds (so it should have 50% of all divs since the time of the last CT order, right?)
2. Ensure that all of our hardware is using a visible pool like eligius, against the same address, and has backup pools should eligius go down, for best uptime
3. Ensure that the pools we use, along with their deposit address, are all documented ON THE WEBSITE (for BTC and scrypt miners) (we can't be digging through this entire thread to get critical info like our current hashrate, payout address, etc)

Once all of these are done, the "present" is taken care of, and there can be no question about stolen funds moving forward, the only questions are about the past.  To clear those up, we'd like to see the following:

1. The long-promised financial report.  How much did our CT order cost exactly?  What money came in/out last year?
2. What payout address was in use during the infamous "missing div" period?  Was the discrepancy due to your error, the pool's error, bad luck, or something else?  Any answer is better than no answer.

Finally, after that in priority, it'd be nice to have a discussion about next steps.
1. Tell us more about this PR person
2. What does our reinvestment fund look like?  Are we still in talks with CT?  Will we be placing another order soon?  How are the scrypt machines doing, is their return making that look like a better plan than more ASIC based hardware? (imma guess "probably not", but worth considering)

EDIT: according to my calculations, using *just* the divs paid while at Havelock, the total divs paid are:

( 0.00004482 + 0.00003787 + 0.00003650 + 0.00009597 + 0.00003463 + 0.00006925 + 0.00018734 + 0.00014051 + 0.00024161 + 0.00050147 ) * 10420 => 14.4834874BTC

This means if 50% of income is paid to reinvestment, we should have over 15BTC saved up, right?  How long before the BTCT->Havelock transition was the cointerra deal done?  does anyone have the BTCT data handy?  *OR* - Garr - the financial report should cover this and show exactly how much BTC our reinvestment fund contains, and we expect it to be at least that much...

My Bitcoin Tip Jar: 11Ws5nzwy44cMcymu6ddRxdp9uvDonNqB
snowdropfore
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February 19, 2014, 11:51:27 PM
 #2198

will the f1 and f2 get the dividends now just as cog now?? because we get the machines hashing now, so i think we should converted the f1 and f2 to cog now !!!!
Garr255
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What's a GPU?


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February 20, 2014, 12:09:42 AM
 #2199

theterabyte, I will respond to your message when I have more time tonight, after business hours.

who is the new staff member?

His name is Samuel, he will be operating from the accounts Cognitive-PR and samuel@cognitivemining.com, and will be introducing himself within the hour.

“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!
KCBitcoin
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February 20, 2014, 12:43:19 AM
 #2200

We want pictures! As usual! Smiley
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