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Author Topic: Starting a new FPGA mining farm/contract! Cognitive Resurrected on[Havelock]  (Read 287218 times)
zero3112
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April 01, 2014, 07:35:25 AM
 #2741

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

False. See asicminer.

I said almost all.
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runam0k
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Touchdown


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April 01, 2014, 08:18:39 AM
 #2742

So... has the vote closed? Huh
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April 01, 2014, 08:24:31 AM
 #2743

Garrett promised us free / the cheapest hosting on the planet with electricity rates around 0.06 usd/kWh.
Months later and two weeks after the first pieces of hardware arrive he changes this to 0.37 usd/kWh.
This operation is not viable anymore...

You are naive if you think that difficulty will stabilize at (or below) 25b (a 5-fold of what it is now). Not even a price drop to 100 usd would cause that.
It will be somewhere around 60b - 300b.

Add the fact that 50 btc went missing in November "because we were very unlucky" and another 100 btc last 2 months "due to the hardware failing, no time to reboot it, too busy making HF website". I start wondering if even the BFL delay we experienced ("they didn't ship on friday") was true.

Sam / Garrett, why the radio silence?
silverfuture
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central banking = outdated protocol


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April 01, 2014, 07:33:27 PM
 #2744

Talked to Havelock support. They say they are waiting for information from the fund operator and hope to reopen trading soon.



 

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April 02, 2014, 12:52:28 AM
 #2745

I originally voted against liquidation but I am inclined to change my vote (given the recent "mathing" - which though I haven't verified, looks legit).  Garr, Sam, if you have a counter-argument to "300BTC versus 50BTC", you should post it now, or expect a flood of vote changing. =/

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Cognitive-PR
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April 02, 2014, 01:41:00 AM
 #2746

I originally voted against liquidation but I am inclined to change my vote (given the recent "mathing" - which though I haven't verified, looks legit).  Garr, Sam, if you have a counter-argument to "300BTC versus 50BTC", you should post it now, or expect a flood of vote changing. =/


Garrett agrees with the math. Assuming these calculations are correct, it seems that our best option is to liquidate. Garrett is going to post the current results of the motion on the Cognitive Mining website tonight.

More updates to come.

- Samuel
El Cabron
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April 02, 2014, 01:51:40 AM
 #2747

I originally voted against liquidation but I am inclined to change my vote (given the recent "mathing" - which though I haven't verified, looks legit).  Garr, Sam, if you have a counter-argument to "300BTC versus 50BTC", you should post it now, or expect a flood of vote changing. =/


Garrett agrees with the math. Assuming these calculations are correct, it seems that our best option is to liquidate. Garrett is going to post the current results of the motion on the Cognitive Mining website tonight.

More updates to come.

- Samuel


Sorry El Cabron, you are banned from posting or sending personal messages on this forum.
Trolling
https://bitcointalk.org/index.php?topic=622250.msg7030081#msg7030081
stabs
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April 02, 2014, 05:38:29 AM
 #2748

I originally voted against liquidation but I am inclined to change my vote (given the recent "mathing" - which though I haven't verified, looks legit).  Garr, Sam, if you have a counter-argument to "300BTC versus 50BTC", you should post it now, or expect a flood of vote changing. =/


Garrett agrees with the math. Assuming these calculations are correct, it seems that our best option is to liquidate. Garrett is going to post the current results of the motion on the Cognitive Mining website tonight.

More updates to come.

- Samuel

Please also remove Garrett's shares from the mass dividend when we liquidate.  It's the least he could do for causing massive losses for everyone.
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April 02, 2014, 06:11:10 AM
 #2749

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April 02, 2014, 06:33:33 AM
 #2750

samuel kern, your pictures don't really make for as good memes as Garrets.

You are quite young to be married no? Proudest moment for Olivia's life when you went to work for cognitive mining?



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April 02, 2014, 06:45:09 AM
 #2751

samuel kern, your pictures don't really make for as good memes as Garrets.
You are quite young to be married no? Proudest moment for Olivia's life when you went to work for cognitive mining?

It's getting too personal IMO.

Here's my bag so you don't ask : BTC, iexec, byteball and pepecash
elasticband
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April 02, 2014, 06:46:59 AM
 #2752

samuel kern, your pictures don't really make for as good memes as Garrets.
You are quite young to be married no? Proudest moment for Olivia's life when you went to work for cognitive mining?

It's getting too personal IMO.


Kids and their PUBLIC facebook pages. If you don't want it to be public, don't bring it to the internet.
superresistant
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April 02, 2014, 06:49:31 AM
 #2753

samuel kern, your pictures don't really make for as good memes as Garrets.
You are quite young to be married no? Proudest moment for Olivia's life when you went to work for cognitive mining?
It's getting too personal IMO.
Kids and their PUBLIC facebook pages. If you don't want it to be public, don't bring it to the internet.

Kids don't understand Internet privacy but that doesn't mean they don't care.

But well whatever...

Here's my bag so you don't ask : BTC, iexec, byteball and pepecash
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April 02, 2014, 11:59:32 AM
 #2754

you can see many months ago  labcoin, activemining, cognitive warning flags all over
I don't know how these guys manage to get investors?

Cognitive has been mining for years. It only failed recently.

Here's my bag so you don't ask : BTC, iexec, byteball and pepecash
havelock
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April 02, 2014, 05:20:27 PM
 #2755

FOR IMMEDIATE RELEASE:
Cognitive Mining (COG) will resume trading starting 12:00 EST on Thursday April 3,2014. All previous orders have been cleared!

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April 02, 2014, 05:22:17 PM
 #2756

You are both unprofessional and untrustworthy! No more business for you!

Edit: Given the current situation I'd like to point out the literal hilarity of:
Quote
FOR IMMEDIATE RELEASE: [Not Cognitive Mining]

Also the figurative hilarity that you say "FOR IMMEDIATE RELEASE" like this is some sort of PR announcement. You don't have any public relations with this segment of customers because you've ruined those relations. A real PR announcement should have been made during the freezing of the asset, and posted under "What's New" of your front page with an explanation of why you would take such actions and your policy on taking such actions. That's what a company with integrity does.

Successful transactions: http://pastebin.com/GM27Ju59
zero3112
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April 02, 2014, 08:24:12 PM
 #2757

are the units for sale now? listed where?

Who said they where listed.
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April 02, 2014, 09:36:07 PM
 #2758

I don't really want to wade into this, but --  resuming trading on Havelock is good, as it gives people more options, if nothing else.

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April 02, 2014, 09:58:49 PM
 #2759

Liquidating the assets for dollar and hoping to buy btc back at these lows is a gamble. Who knows how long it will take, garr has not said anything in over a week, so who knows whats going on really.
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April 02, 2014, 10:08:59 PM
 #2760

Whats the point when he has a production line in the top of the range hashfast 28nm to manage and sell....
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