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Author Topic: Starting a new FPGA mining farm/contract! Cognitive Resurrected on[Havelock]  (Read 297801 times)
dunchy
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March 06, 2014, 06:38:52 AM
 #2361

12 hour hashrate is currently at 2TH/s still =(  Can you give us an idea of what it takes to make a malfunctioning unit function (i.e. 1. powercycle, 30 seconds 2. re-flash, 5 minutes, 3. run mining software 30 seconds - this is just an example, but what I would like to see)?

Is there really only a single unit functioning reliably right now?  are none of the units functioning properly but one is up "on average"?  Is cointerra doing something about this or are we expected to add automatic redundancy ourselves?

I am officially offering my technical services as a programmer, free of charge, to help out however I can.  I think I already PM'd my phone number, but in case I haven't, PM me to arrange communications if there is anything I can do to help.

Samuel please react IMMEDIATELY to this more than a generous offer .
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Garr255
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March 06, 2014, 09:19:53 AM
 #2362

I sent theterabyte a PM right after seeing this post.

We are sorting out the final datacenter details and will be moving in ASAP. The remainder of our hardware will be arriving this week or next!

“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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March 06, 2014, 10:42:02 PM
 #2363

PM received.  I don't check bitcointalk.org PMs very frequently, so I'll move the convo to another medium, but just so you guys know, they did reach out to me right away, and the delay in response is from my end.  I'll see if there is something I can do to help out and get our hashrate up.  Thanks all - I'll keep you posted.

My Bitcoin Tip Jar: 11Ws5nzwy44cMcymu6ddRxdp9uvDonNqB
alincoln
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March 06, 2014, 11:40:06 PM
 #2364

I sent theterabyte a PM right after seeing this post.

We are sorting out the final datacenter details and will be moving in ASAP. The remainder of our hardware will be arriving this week or next!

Hello Garr, I am looking forward receiving this month's installment of FIMB repayment, as per our agreement back in February. I believe I speak for other bondholders too which, unlike me, reportedly never received anything back.

It doesn't matter whether you can send 10BTC or 1BTC, but keeping up with your word and sending something at the beginning of every month goes a long way in demonstrating your compromise to our agreed terms.

So far I have received 38.56 BTC (50%). My BTC address is 1Bqg9YKE25U1BRCRm3pJiGsiFE5vvgirtB
PinkBatman
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March 07, 2014, 12:18:03 AM
 #2365

It's been almost 2 days and we are well under 1.5TH. What's going on?
zero3112
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March 07, 2014, 04:34:06 AM
 #2366

Where has our scrypt hardware been mining? It seems we have been averaging under 2ths with our asics, what is being done about this? The first 2 weeks of owning hardware are the most profitable and our hardware has been offline more than on. Is there going to be further explanation on the dividend? For example why was it so much less than the week before? Yes the company grew by around 40% in terms of shares issued because of the conversion. But the div from the week before was for around 2 days of running the equipment was it not? This week we had even more equipment with Garrs claim that he had manage to fix some of the units and we had it all week long. Yet the dividend was less that half of the previous div. Thank you
FIMB is going to be repaid as promised to alincoin within an hour. I am very sorry for the delays here, they will not happen any longer.

Also, I just got two sCrypt rigs set up for Cognitive on Tompool.org. The mining output is viewable by looking for the address starting in "1cog".

Will respond to the rest of the questions in this thread later tonight, busy setting up more miners right now.

Cheers,
Garrett

We are mining at Tompool.org with address 1cogHCDW6ScMxuXQ5DNxS6LvLRVP18vBt or where but it seems where no longer hashing. When it was fully running we where getting around 1484 Kh/sec
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March 07, 2014, 07:23:38 AM
 #2367

We're up and above 9th/s now from 8 terraminers. The warehouse we are currently in is maxed out power wise (which is why we took the scrypt miners offline to make room for another terraminer, which is much more profitable) and we are finalizing the process of moving into a proper tier-3 datacenter, albeit delayed. It is my promise that we will be hashing above 30th/s this month, so long as CoinTerra follows through on our deal (28th/s + 1% per day delivered past Jan 31).

Best,
Garrett

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theterabyte
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March 07, 2014, 07:59:45 AM
 #2368

Garr - thanks for the update!

It's ugly as sin, but as we discussed, I whipped up something that I hope will help.

https://github.com/terabyte/cog-mon

This script should make it easy to set up monitoring to send an email/text when any miner drops below the desired threshold.  It is written in ruby, and it scrapes the eligius website directly because their APIs don't show individual devices separately.  You will want to modified the hardcoded values in the DEVICE_HASH variable and set the threshold/expected values to what you want.  The README file explains how to run the script and gives an example crontab that will email/SMS you if it is broken, every 5 minutes.  You might want the poll time longer, if you don't have free texts though =)

The next step will be to talk more about how we might have this script automatically trigger a restart of a specific miner that is failing, but to do that I need to find more time and chat a bit more about the current setup.  Even as it is, you could imagine writing a script yourself (if you are fluent in those sorts of things) and just using the return code of the script itself to decide to restart something or not.

We'll chat more tomorrow I'm sure.

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Cognitive-PR
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March 07, 2014, 08:43:36 AM
 #2369

It's been almost 2 days and we are well under 1.5TH. What's going on?

The low hash rate was once again because of power cycling and faulty firmware. As you can see, Garrett was able to get the units running again, so hopefully they will stay that way.

Theterabyte, thank you for your help! I believe this software will help us react more quickly to malfunctioning hardware, and stay as profitable as possible. This should be a very good month for Cognitive.

More updates to come,

Samuel
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March 07, 2014, 08:43:44 AM
 #2370

Theterabyte: Great, much appreciated. I will implement this tomorrow.

Cheers

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

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alincoln
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March 07, 2014, 01:45:04 PM
 #2371

I sent theterabyte a PM right after seeing this post.

We are sorting out the final datacenter details and will be moving in ASAP. The remainder of our hardware will be arriving this week or next!

Hello Garr, I am looking forward receiving this month's installment of FIMB repayment, as per our agreement back in February. I believe I speak for other bondholders too which, unlike me, reportedly never received anything back.

It doesn't matter whether you can send 10BTC or 1BTC, but keeping up with your word and sending something at the beginning of every month goes a long way in demonstrating your compromise to our agreed terms.

So far I have received 38.56 BTC (50%). My BTC address is 1Bqg9YKE25U1BRCRm3pJiGsiFE5vvgirtB

For the record: I confirm having received 1 BTC from Garr today, total received so far 39.56 BTC, still 37.56 BTC left.
theterabyte
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March 07, 2014, 06:32:05 PM
 #2372

In addition to my past analysis, I was wondering whether the current share price makes sense from an assets POV.  The market cap of COG is currently ~600 BTC at 0.044BTC/share.  We currently own or have on the way ~20 TerraMiner IV units, which are currently selling for 10-15k on ebay right now for "currently in hand" units.  Our reserve fund is about 20 BTC, so 580BTC @ 620 => $360,600 market cap minus liquid holdings.  20 TerraMiners @ 15k each => $300,000.  We also have several avalons and BFL rigs.  The BFL 60 gh/s units seem to be going for over $500 on ebay right now, and a 4-module avalon is $1000-$2000 it looks like.  Along with all our other equipment, it looks like the company's entire value is pretty close to our market cap.  That means if Garrett sold everything right now, and did a force buyback, we'd probably break even, or maybe be at like 80-90%.

IMHO, this means we are undervalued, because COG has value in a lot more than just our assets - once the miners are working, they are going to more than break even, which means the divs paid over the next few months are likely to exceed the current share value - plus the hardware can still be sold then (for a much smaller amount, but for something nonetheless) which can be invested in more hardware as well.

I plan to continue to hold COG and if the share price goes much lower I will probably buy even more, even though COG is already a larger part of my total portfolio than a strategy of diversification would like.

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stabs
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March 07, 2014, 08:32:03 PM
 #2373

IMHO, this means we are undervalued, because COG has value in a lot more than just our assets - once the miners are working, they are going to more than break even, which means the divs paid over the next few months are likely to exceed the current share value - plus the hardware can still be sold then (for a much smaller amount, but for something nonetheless) which can be invested in more hardware as well.

I plan to continue to hold COG and if the share price goes much lower I will probably buy even more, even though COG is already a larger part of my total portfolio than a strategy of diversification would like.

I agree with your assessment except all of the additional value has to be upheld by Garr.  If the transparency doesn't keep moving forward and mining, power, etc. issues continue then we should not be valued anymore than the assets we hold.
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March 08, 2014, 09:54:06 PM
 #2374

We're online at our full received capacity of 10th/s!

Dividends will be sent on Mondays instead of Saturdays as of March 2014.

Cheers,
Garrett

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

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Code_red
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March 08, 2014, 10:59:38 PM
 #2375

We're online at our full received capacity of 10th/s!

Dividends will be sent on Mondays instead of Saturdays as of March 2014.

Cheers,
Garrett

Is there a reason for this?
Garr255
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March 09, 2014, 12:21:34 AM
 #2376

We're online at our full received capacity of 10th/s!

Dividends will be sent on Mondays instead of Saturdays as of March 2014.

Cheers,
Garrett

Is there a reason for this?

As Cognitive becomes more like a real-world, brick-and-mortar, established company, office hours will be put into place, and those office hours will likely not include Saturdays Tongue

“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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March 09, 2014, 12:57:57 AM
 #2377

A quick update:

Some of the CoinTerra boxes are underperforming by quite a bit, which just means that we'll get more boxes! I do believe we will indeed be the best served CoinTerra customer, because we purchased a number of hashes per second and not total boxes.

Cheers,
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!
ryan1894
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March 09, 2014, 02:37:16 AM
 #2378

I sent theterabyte a PM right after seeing this post.

We are sorting out the final datacenter details and will be moving in ASAP. The remainder of our hardware will be arriving this week or next!

Hello Garr, I am looking forward receiving this month's installment of FIMB repayment, as per our agreement back in February. I believe I speak for other bondholders too which, unlike me, reportedly never received anything back.

It doesn't matter whether you can send 10BTC or 1BTC, but keeping up with your word and sending something at the beginning of every month goes a long way in demonstrating your compromise to our agreed terms.

So far I have received 38.56 BTC (50%). My BTC address is 1Bqg9YKE25U1BRCRm3pJiGsiFE5vvgirtB

For the record: I confirm having received 1 BTC from Garr today, total received so far 39.56 BTC, still 37.56 BTC left.

I don't understand.

Do I literally have to spam this thread in caps just like alincoln just to get Garr255 to notice?

I've PM'd him twice and posted twice on this thread.

I would like to exercise the sellback clause as stated in the original FIMB contract

Quote
The bond can be repurchased by the issuer at any time for 102% of the face value, and can be sold back to the issuer at any time for 90% of the face value.

1EPyRTYv6PgNWa8biBHVdh2i8q5RDHGF7d
odin.dillinger
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March 10, 2014, 05:00:51 PM
 #2379

We're online at our full received capacity of 10th/s!

Seems we most definitely are not.
Why?
Is this the power cycle issue?

Cant describe how fucking frustrating it is peeking in on http://www.cognitivemining.com/charts/ right now...
Cognitive-PR
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March 10, 2014, 05:55:02 PM
 #2380

We're online at our full received capacity of 10th/s!

Seems we most definitely are not.
Why?
Is this the power cycle issue?

Cant describe how fucking frustrating it is peeking in on http://www.cognitivemining.com/charts/ right now...


Yes, it has been very frustrating to see the CT hardware be so unreliable. We are working on the problem, and the units should be up and hashing again sometime today.

- Samuel
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