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Author Topic: Starting a new FPGA mining farm/contract! Cognitive Resurrected on[Havelock]  (Read 274411 times)
Surf Capital Management
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March 20, 2014, 03:44:24 PM
 #2461

Since there are no motions and no dividends this has pretty much turned into a scam...



I havent posted in this thread for awhile, so I just wanted to go ahead and quote this for posterity and humor.

It was too good to pass up. I would love to add to the chaos, but watching this mayhem unfold has been entertaining enough.

yup, i wanted to have faith but im highly disappointed. so much for transparency...

ACTUALLY, Goat, you did give BTC to Pirate. How about you be a little more transparent to the investors you screwed over in the Tygrr.Bond fiasco.

Or maybe tell us about your Lamborghini??

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superresistant
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March 20, 2014, 04:04:07 PM
 #2462


Shitstorm lol.

I suggest one more thing : ASIC scrypt mining.

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March 20, 2014, 04:14:49 PM
 #2463


Shitstorm lol.

I suggest one more thing : ASIC scrypt mining.


That's probably a bad idea. Most of the scrypt coin people are ideologically opposed to the use of ASICs due to the inevitable centralisation required by such capital intensive machines. There is a very good chance that they'll hard fork to a different algorithm leaving scrypt ASIC owners holding useless machines.

Also, there's the whole pre-order thing. Nobody should be pre-ordering anything anymore. The manufacturers have bootstrapped themselves and are now capable of raising capital conventionally. There is no need for consumers to bankroll their product development anymore.
Surf Capital Management
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March 20, 2014, 04:14:58 PM
 #2464


superresistant
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March 20, 2014, 04:20:28 PM
 #2465

I suggest one more thing : ASIC scrypt mining.
That's probably a bad idea. Most of the scrypt coin people are ideologically opposed to the use of ASICs due to the inevitable centralisation required by such capital intensive machines. There is a very good chance that they'll hard fork to a different algorithm leaving scrypt ASIC owners holding useless machines.
Also, there's the whole pre-order thing. Nobody should be pre-ordering anything anymore. The manufacturers have bootstrapped themselves and are now capable of raising capital conventionally. There is no need for consumers to bankroll their product development anymore.

Ok but what about diversifying :

1/4 Bitcoin ASIC
1/4 Scrypt ASIC
1/4 GPU
1/4 CPU

Diversifying greatly reduce the risk.

jimmothy
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March 20, 2014, 04:24:39 PM
 #2466

So, to recap....a pair of 18 year old students ran a scam where they convinced us they could run 30TH of mining equipment out of their house...the equipment was late delivered and when it came they couldn't keep the breakers on for more than 10% of the equipment 10% of the time ensuring a huge loss in expected mining revenue....a friend from electrical shop class finally told them that the house didn't have enough power supply to run that many units as well as cool them.  

They ran around in circles trying to arrange a data center colo that by anyone with even meager planning skills would know should have been arranged months in advance...then decided it was all too much effort and unilaterally decide to sell all the equipment killing not only all chance of profit but guarantying the investors a loss. Add to that a unilateral decision now to add the money to the "reinvestment fund" regardless that many people just want it issued as a dividend now to recoup the massive losses they were hit with.

All along they were mining to undisclosed addresses, bouncing coins through several personal addresses, had almost zero transparency to the shareholders, and couldn't even seem to be able to put a simple spreadsheet together and ignoring the motions brought forth by it's shareholders. Yeah I'd say a scam intermingled with total incompetence that cost everyone who invested a lot of money.

Oh and I forgot to add they did this all on US soil and allowed/marketed the investment to US citizens...cue the SEC complaints in 5,4,3,2,1.




They didn't really try running a "datacenter" from their house like you claim did they?

Not sure if just incredible incompetence or an outright scam.
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March 20, 2014, 04:34:48 PM
 #2467

Since when did HashFast come into the picture. We are not seriously going to buy from them are we? Why has their been no motions for shareholders to vote on what we should do?

That seems to be the plan...

Where did you hear that?
Surf Capital Management
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March 20, 2014, 04:45:43 PM
 #2468

BTW of my 20 or so units I got from CoinTerra they all worked. None were over 1.65 TH/s and the lowest was 1.3 TH/S but not one of them failed to run.

I have some doubts as to where the missing hashing power went. Just like the missing dividends.

Also if these things really were broken, why sell on eBay?? Why not send to CT to get fixed?

Unless he wants to free up cash to but HashFast stuff....

If we end up with hash fast shit, shit will get bad... I'll make sure this operation ends.

How will you end the operation? It'll be difficult from a jail cell.  Grin

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March 20, 2014, 04:46:41 PM
 #2469

BTW of my 20 or so units I got from CoinTerra they all worked.

OMG please Garrett stop mining for yourself.
If the units are not working, send them back now.

If you have debt, just get a student loan or get a job or anything.
There is no point of putting Cognitive down, it is only making the situation worse.


ThickAsThieves
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March 20, 2014, 06:23:10 PM
 #2470

Since there are no motions and no dividends this has pretty much turned into a scam...



I havent posted in this thread for awhile, so I just wanted to go ahead and quote this for posterity and humor.

It was too good to pass up. I would love to add to the chaos, but watching this mayhem unfold has been entertaining enough.

Do the staunch believers realize yet why myself and others kept pushing for answers and accountability? I mean seriously...there isnt even a proper mining center for hardware that was/is 3 months late.

I take it kako's seizures from fervent laughter prevents him from boasting currently. Cmon I know you can't help yourself.

Actually, as I understand it, kakobrekla was banned by what we can only assume are conspirators of crime.

I gave up trying to convince people to beware of Garr255. He has done plenty to exclaim that on his own.

Edit: It's also a fucking joke to have Goat in here pointing fingers. He is a documented pumper of Garret's offerings. So much so that I'm inclined to believe COG might be in his sites again. Dump, FUD, Buy, Pump, Profit.

Just stay out of it people.
Surf Capital Management
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March 20, 2014, 07:13:16 PM
 #2471

Shut Up Goat

damiano
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March 20, 2014, 07:36:15 PM
 #2472

I came close several times to investing in this.  Never pulled the trigger and glad I didn't.

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


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March 20, 2014, 07:48:12 PM
 #2473

why is this such a mess, where is garr? where are some updates?

elasticband
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March 20, 2014, 07:50:23 PM
 #2474

I came close several times to investing in this.  Never pulled the trigger and glad I didn't.



One of my larger mistakes I will admit.


Edit:  2014-03-20 15:45:03    1    ฿0.00200000    ฿0.0020


What does this value the operation at?

I actually picked close to 100 shares up at the last bottom of around 0.0018, pitty they did not avg out my losses on my larger portion of shares.

elasticband
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March 20, 2014, 07:52:19 PM
 #2475

showing your cards goat  Wink

2013-12-08 03:54:53
99/100   ฿0.00200000   ฿0.1980
superresistant
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March 20, 2014, 08:47:54 PM
 #2476


kakobrekla I miss you ! Where are you ?

Lloydimiller4
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March 20, 2014, 08:57:02 PM
 #2477

If anyone is thinking of writing a formal complaint to the SEC, here is the link:

https://denebleo.sec.gov/TCRExternal/questionaire.xhtml

I'd like to see this farce of a mining security end

XMR: 43uAvbYL7z9NrKQig2DswM69XaeDug1Rf8v4Un1ndssb2To51Vojz2uZ21jFumWsCcgvqZ9hPuE3fEr xKoGCkHU8CzqHFiS
havelock
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March 20, 2014, 09:06:32 PM
 #2478

We have paused trading for the moment until we complete an internal investigation of the COG Fund.

We will keep everyone posted in a timely and public matter.

Thank you,

Havelock Investments

YoYa
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March 20, 2014, 09:31:34 PM
 #2479

Now we're taking a turn. I hope for the sake of investors this turns out to be a case of bad management and poor practice. There may be a chance to salvage this mess yet.

Garr, your only hope now is rigs in a datacenter within a week mining consistently at 15Th+
runam0k
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Touchdown


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March 20, 2014, 09:39:01 PM
 #2480

I thought Active Mining was the best performing scam my worst performing asset. Undecided

Small amounts, thankfully, but still.  What a mess.
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