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Author Topic: Starting a new FPGA mining farm/contract! Cognitive Resurrected on[Havelock]  (Read 274678 times)
zero3112
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March 31, 2014, 11:22:41 PM
 #2721

Its sad because just a week before you sold your shares at 0.002 I had purchased a few at 0.08 now its likely I will get nothing back. I agree that the liquidation should happen at this point I just want anything back I don't want to lose again after what happened with basic-mining.

The only thing is if Garr has been stealing money from this operation like you say then how do you expect him to liquidate the hardware and pay us. Won't he just keep stealing?
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jimmothy
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March 31, 2014, 11:37:53 PM
 #2722

Hi, I'm reading everyone talking about voting results indicating liquidation, and I'm wondering where they are?

Being myself the largest COG shareholder after Garr and not having voted for liquidation, I'm quite surprised of this supposed result.

Did you do your own calculations? You might be the only one who doesn't want to liquidate.

1/3rd earnings already paying for the absurdly expensive electricity.

Max they can earn from mining with 20th is like 50btc.

Max they can earn from liquidation is like 300btc.

Easy choice if you ask me.
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March 31, 2014, 11:48:34 PM
 #2723

No one's heard from Garrett regarding the vote tally. I didn't vote for liquidation and, to be clear, was not dumping shares before the trading halt..

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April 01, 2014, 12:24:56 AM
 #2724

While you're at it please take Havelock to court for freezing assets.

Successful transactions: http://pastebin.com/GM27Ju59
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April 01, 2014, 12:45:07 AM
 #2725

While you're at it please take Havelock to court for freezing assets.

Good luck with that.
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April 01, 2014, 01:59:56 AM
 #2726

Isn't that what your account is for Huh

Successful transactions: http://pastebin.com/GM27Ju59
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April 01, 2014, 02:50:08 AM
 #2727

No I did not remember where it came from but point taken. In all honestly the way you behave sometimes makes it is easily confusing for me despite that.

Successful transactions: http://pastebin.com/GM27Ju59
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April 01, 2014, 03:35:40 AM
 #2728

For months and months Goat? Then why weren't you bitching at least one quarter of months and months ago? I'm with silver and alincon (who if you remember was making a fuss not too long ago, and now seems appeased.)

Didn't vote for liquidation, and won't.

e: also Goat, if you feel like throwing bitcoin away.. <--------
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April 01, 2014, 03:39:11 AM
 #2729

Beside the fact that votes may not be accurate, why would anyone not want to liquidate hardware?

Surely it would be better to find a cheaper datacenter and fill it up with next gen asicminer chips.
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April 01, 2014, 04:10:26 AM
 #2730

Tried to vote ...



Your message did not reach some or all of the intended recipients.

      Subject:   RE: Hosting Expenses Motion
      Sent:   1/04/2014 3:07 PM

The following recipient(s) cannot be reached:

      'undisclosed-recipients:' on 1/04/2014 3:07 PM
            Server error: 'Invalid recipient'
zero3112
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April 01, 2014, 04:43:58 AM
 #2731

Beside the fact that votes may not be accurate, why would anyone not want to liquidate hardware?

Surely it would be better to find a cheaper datacenter and fill it up with next gen asicminer chips.

I really want to liquidate the hardware and buy next gen chips that will make a profit on the investment.  But the options are either keep current chips and continue mining or liquidate hardware and shut down the operation.

There is no option 3 to liquidate hardware and to continue the operation. If we do liquidate the hardware it look like the operation ends. I can't see why we couldn't vote for someone else to run the operation and to appoint multiple trusted members to run and operate the hardware along with someone trusted to be the treasurer. We must remove Garr from being in control of the hardware and money.
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April 01, 2014, 04:49:08 AM
 #2732

I had no idea the option to liquidate included shutting down the operation.

How can they have a vote for something so drastic without a financial report. Or did I miss it?
zero3112
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April 01, 2014, 04:54:04 AM
 #2733

I had no idea the option to liquidate included shutting down the operation.

How can they have a vote for something so drastic without a financial report. Or did I miss it?

I don't know but it involves liquidating all the hardware and distributing all the money from the sale of the hardware as dividends.
zero3112
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April 01, 2014, 04:56:09 AM
 #2734

Here the option in the email.

Vote "YES" for the reserve fund to cover hosting expenses from the time my personal dividends were insufficient forward.
Vote "NO" to liquidate all Cognitive mining assets and disperse via a large dividend.

Its all of Cognitives mining assets to be liquidated and disperse via a large dividend.
jimmothy
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April 01, 2014, 05:03:30 AM
 #2735

Here the option in the email.

Vote "YES" for the reserve fund to cover hosting expenses from the time my personal dividends were insufficient forward.
Vote "NO" to liquidate all Cognitive mining assets and disperse via a large dividend.

Its all of Cognitives mining assets to be liquidated and disperse via a large dividend.

What exactly are all of cognitives assets? Shouldn't he have a huge amount of btc from the extra shares sold?

There should really be an option to liquidate and not shut down.
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April 01, 2014, 06:11:47 AM
 #2736


This isn't about calculations, not even about my opinion. My question is simple: I'm by far the largest shareholder and I did not vote for liquidation. Where are the results?

Anyone care to respond before this conversation escalates to Godwin's law ?
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April 01, 2014, 06:34:12 AM
 #2737

This isn't about calculations, not even about my opinion. My question is simple: I'm by far the largest shareholder and I did not vote for liquidation. Where are the results?
Anyone care to respond before this conversation escalates to Godwin's law ?

There is NO results and we don't know where is Garr.

If you guys like investing in mining operation, there are many operations that are run by competent and honest people.
Why would you want to continue with Cognitive ?
Let's just stop this operation and do what ever we want with the BTC left... before it's too late.

zero3112
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April 01, 2014, 07:02:53 AM
 #2738

Here the option in the email.

Vote "YES" for the reserve fund to cover hosting expenses from the time my personal dividends were insufficient forward.
Vote "NO" to liquidate all Cognitive mining assets and disperse via a large dividend.

Its all of Cognitives mining assets to be liquidated and disperse via a large dividend.

What exactly are all of cognitives assets? Shouldn't he have a huge amount of btc from the extra shares sold?

There should really be an option to liquidate and not shut down.

All the bitcoins raised from those extra shares that were sold have all been spent already on mining equipment.

All of the assets would be the equipment, the 50% mining revenue going to a reserve fund, and any other bitcoin dividends held in COG addresses that have not been paid out yet that came from mining.
 
Mining hardware: https://docs.google.com/spreadsheet/ccc?key=0AgfcX1i_jmKIdDJiRnJTWHlQUWtweEVYOC1XeEN3cEE&usp=sharing#gid=0

Bitcoin asic mining dividends: 1cogxXyYU2EXEbdcV9j18PWenRU7gAjt1

Bitcoin hardware purchasing reserve fund: 1cogghK1bWFNSVHdicX2dQLfcWJzxHBHY

Altcoin mining dividends converted to bitcoin: 1cogHCDW6ScMxuXQ5DNxS6LvLRVP18vBt
zero3112
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April 01, 2014, 07:12:15 AM
 #2739

This isn't about calculations, not even about my opinion. My question is simple: I'm by far the largest shareholder and I did not vote for liquidation. Where are the results?
Anyone care to respond before this conversation escalates to Godwin's law ?

There is NO results and we don't know where is Garr.

If you guys like investing in mining operation, there are many operations that are run by competent and honest people.
Why would you want to continue with Cognitive ?
Let's just stop this operation and do what ever we want with the BTC left... before it's too late.


Almost all of the mining operations have turned out to be scams.  None of them have turned a profit. Even with bitcoin crashing and not going up right now these operations never seem to ever make back the original bitcoins spent on the equipment.

I am evenly invest in what use to seem like the four most reliable mining operations with dividends right on time everytime.  So far 2 where scams is COG the 3rd one. That just leaves 25% of my investment left in the only operation that did not scam NastyFans.
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April 01, 2014, 07:14:58 AM
 #2740

Almost all of the mining operations have turned out to be scams.  None of them have turned a profit.

False. See asicminer.
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