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Author Topic: Starting a new FPGA mining farm/contract! Cognitive Resurrected on[Havelock]  (Read 276971 times)
stabs
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February 23, 2014, 07:04:30 AM
 #2261

What is the status of shares being converted?

This was already answered.
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February 23, 2014, 07:34:33 AM
 #2262

Cognitive-PR

When will FIMB be repaid in full?

1EPyRTYv6PgNWa8biBHVdh2i8q5RDHGF7d
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February 24, 2014, 04:21:56 AM
 #2263

Hows that div coming?
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February 24, 2014, 05:50:12 AM
 #2264

What is the status of shares being converted?

Edit: I do not think this has been answered because there will be a div before the rest of the hardware arrives and nothing has been stated about the fairness of the shares not being converted before then and the reason as to why they won't be.

I do not own any of cog.f1 or 2

Fair question. Because the contract didn’t specify when f1 and f2 were going to be converted, it's been decided that they will be converted when half of the hardware gets here this week. Garrett talked with CoinTerra, and they confirmed that the hardware should indeed be here in the next few days.

- Samuel
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February 24, 2014, 06:22:56 AM
 #2265

The Contract does specify though it says when the hardware arrives. Partially arrived is still arrived and as far as I can tell those 2 funds combined contributed about 700btc. The current value of cognitive main sits around 700btc so please explain more about this decision and the decision making process. Why the delay in converting?

Once again don't currently nor ever have held cog.f1 or 2
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February 24, 2014, 07:22:03 AM
 #2266

The Contract does specify though it says when the hardware arrives. Partially arrived is still arrived and as far as I can tell those 2 funds combined contributed about 700btc. The current value of cognitive main sits around 700btc so please explain more about this decision and the decision making process. Why the delay in converting?

Once again don't currently nor ever have held cog.f1 or 2

and i  think the cointerra machines are pay by f1 and f2.so the f1 and f2 should get the dividends now.
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February 24, 2014, 07:58:52 AM
 #2267

The Contract does specify though it says when the hardware arrives. Partially arrived is still arrived and as far as I can tell those 2 funds combined contributed about 700btc. The current value of cognitive main sits around 700btc so please explain more about this decision and the decision making process. Why the delay in converting?
Once again don't currently nor ever have held cog.f1 or 2
and i  think the cointerra machines are pay by f1 and f2.so the f1 and f2 should get the dividends now.

I would like it to be converted asap but it is true that this point wasn't specified.

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February 24, 2014, 09:15:23 AM
 #2268

The old equipment barely has a contribution to the upcoming dividend. CogF & CogF2 holders deserve to get their share in the profits of the CT gear. You should convert now.
Remember that every day of mining now equals a week of mining in 3 months.
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February 24, 2014, 10:21:54 AM
 #2269


I don't have any skin in the game, but waiting until half of the units have arrived seems fair.  Undecided
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February 24, 2014, 11:23:09 AM
 #2270

That is a big problem. It seems that all mining company are scams. It is a miracle that Cognitive is not.
Cognitive may be soon the only alive mining company that isn't a scam. The price per share will definitely skyrocket.

How are you so sure that Cognitive isn't a scam?

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February 24, 2014, 11:30:21 AM
 #2271

That is a big problem. It seems that all mining company are scams. It is a miracle that Cognitive is not.
Cognitive may be soon the only alive mining company that isn't a scam. The price per share will definitely skyrocket.
How are you so sure that Cognitive isn't a scam?

Nothing is sure but if you want to act in your life, you need to take decision based on what you have.
Until now, Cognitive is not a scam while most of mining company are.

I choose to trust Cognitive long ago and until now, I didn't lose anything which is great and I will probably make a good profit in the coming months.
From experience, I think that mining Bitcoins is too risky compared to the reward. Cognitive will be my last investment in mining.

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February 24, 2014, 01:26:06 PM
 #2272

Nothing is sure but if you want to act in your life, you need to take decision based on what you have.
Until now, Cognitive is not a scam while most of mining company are.

I choose to trust Cognitive long ago and until now, I didn't lose anything which is great and I will probably make a good profit in the coming months.
From experience, I think that mining Bitcoins is too risky compared to the reward. Cognitive will be my last investment in mining.

You did lose something. 2 months of dividends.

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February 24, 2014, 01:43:04 PM
 #2273

The original contract is as follows:

Cognitive Mining (asset id Cognitive) was created with the intent to give investors the opportunity to participate in FPGA Bitcoin mining without purchasing their own hardware. 100% of mining revenue will be distributed proportionally among shareholders. One share of the asset gives you one share of the revenue. Operating costs will be paid for by shares held by the operator of the asset. Each share represents a share in the ownership of the hardware. Motions to sell more shares can be raised by shareholders if 25% agree. 70% of shareholders will need to agree to issue the proposed shares. In the event of liquidation, all revenue will be distributed evenly to shareholders. The operator reserves the rights, regardless of the amount of shares owned, to raise a motion, and sell all hardware. Dividends will be paid weekly. Further information can be found at http://cognitivemining.com/

If you have any questions, comments, or criticism, I appreciate it!

Please clarify:



https://blockchain.info/tx/5e7bc1fa1c008bccd9496d24d979b2e3e7df17e8586a24f3787901eddbcea7fb

4.09573021 coins leaving from 1cogxXy to
- 1.91145049 to 1Gw8o, the Cognitive havelock deposit address. This is the 10420 shares * 0.00018344 btc dividend per share.
- 1.91145049 to 1coggh, the Cognitive reinvestment fund, now at only 11.2291 btc instead of 15.
- 0.27272926 to 1Garr255, Garrett's public personal address... but why??

The contract states that all operating costs will be covered by the operators shares. I don't see any valid reason to send Cognitive funds straight to Garretts address.
Did you not make a separate wallet for Cognitive, resulting in sending all change money to your personal wallet? Please keep personal wallets separated from Cognitives.
Any coin that goes to 1coggh, intended or not, belongs to Cognitive.

Furthermore, please explain the other spend:
https://blockchain.info/tx/fa314a18eba1ecd356cec0af2880e6834b401b241cec07ac8f0234cd4b60b244

- 3.2btc leaving from 1cogxXy to 1LQFqj?
Why not keep all funds in the 1cogxXy address?



Our demand (for months now) is that you post ALL the addresses that are used & owned by Cognitive. You don't use it for personal loans.
What is so hard about sending all mining proceeds weekly for 50% to 1cogxX (savings) and the other 50% to 1Gw8o (havelock divs), without sending the change to your personal address...
It's unbelievable that you are in bitcoin for 2-3 years and that it takes you months to get this sorted.


The last dividend was almost 5 times higher than the last 2 divs, which means 80% pct of the current hashrate is due to the new CT gear.
That gear was paid for about 90% with fresh CogF funds... which means these people deserve to get their piece right now, not when eventually half of all the ordered hash rate arrives.

Edit: it's plain simple. Any spend of btc that does not go to havelock dividends, requires an explanation and a vote. All other costs are on you. AFAIK you have plenty of shares to get around.
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February 24, 2014, 02:38:00 PM
 #2274

since the ct machine are mining ,I think f1 and f2 should get the dividends , that is what you should do right away.garr
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February 24, 2014, 02:41:10 PM
 #2275

Why is there not at least 15.09686895 Btc in the reserve fund? The cointerra order was placed before cog was launched on havelock. So why is the not 50 percent of divs in the reserve fund? Why is the reserve fund still not completely public? This is bitcoin these are not hard task to accomplish this is the cognitive wallet mining revenue goes in, and any time that a single satoshi moves from the wallet there is a explanation. That way none of this crap is a problem and investors are not left with broken promises about transparency.
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February 25, 2014, 01:59:52 AM
 #2276

since the ct machine are mining ,I think f1 and f2 should get the dividends , that is what you should do right away.garr
+1

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February 25, 2014, 04:34:09 AM
 #2277

Looks like mining is back up to 8-9TH today.  Either fixed some of the units or more arrived.

KCBitcoin
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February 25, 2014, 06:27:05 AM
 #2278

Looks like mining is back up to 8-9TH today.  Either fixed some of the units or more arrived.
10+TH now. Smiley
trek27
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February 25, 2014, 08:58:39 PM
 #2279

since the ct machine are mining ,I think f1 and f2 should get the dividends , that is what you should do right away.garr
+1
+2
Cognitive-PR
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February 25, 2014, 09:42:35 PM
 #2280

Alright everyone. 3 things:

since the ct machine are mining ,I think f1 and f2 should get the dividends , that is what you should do right away.garr
+1
+2

1.) F1 and F2 will be converted to COG before the next dividend.


Looks like mining is back up to 8-9TH today.  Either fixed some of the units or more arrived.



2.) The reason for the increase in hash rate was that Garrett fixed all but one of the CT units.

However, there should be a drop in hash rate in the next few hours because Garrett is taking two of the units to WA. Garret should have those set up and hashing again either tomorrow or the next day.


3.) Many of you have probably noticed that the www.cognitivemining.com/charts webpage isn't working. This is because the developer received his money, got lazy, and didn't complete the last steps to get the page up. We take blame for this delay, and Garrett will finish the site and make it live this week.


As always, feel free to leave questions, comments, concerns.

- Samuel
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