Bitcoin Forum
December 03, 2016, 05:47:27 PM *
News: Latest stable version of Bitcoin Core: 0.13.1  [Torrent].
 
   Home   Help Search Donate Login Register  

Warning: Moderators do not remove likely scams. You must use your own brain: caveat emptor. Watch out for Ponzi schemes. Do not invest more than you can afford to lose.

Pages: « 1 ... 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 [152] 153 154 155 156 157 158 »
  Print  
Author Topic: Starting a new FPGA mining farm/contract! Cognitive Resurrected on[Havelock]  (Read 274482 times)
investr
Full Member
***
Offline Offline

Activity: 222


View Profile
April 22, 2014, 12:48:50 AM
 #3021

okay i might be wrong about MP being involved with icedrill/petemex.


So it's in a legal contract with the hosting if they don't get paid then units start getting offset to them.

a $25k hosting contract was agreed with the icedrill hosting based on out max capacity, but this never reached them.

they still want paid for the contracted amount regardless of the usage or not.

Successful transactions: http://pastebin.com/GM27Ju59
1480787247
Hero Member
*
Offline Offline

Posts: 1480787247

View Profile Personal Message (Offline)

Ignore
1480787247
Reply with quote  #2

1480787247
Report to moderator
1480787247
Hero Member
*
Offline Offline

Posts: 1480787247

View Profile Personal Message (Offline)

Ignore
1480787247
Reply with quote  #2

1480787247
Report to moderator
1480787247
Hero Member
*
Offline Offline

Posts: 1480787247

View Profile Personal Message (Offline)

Ignore
1480787247
Reply with quote  #2

1480787247
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1480787247
Hero Member
*
Offline Offline

Posts: 1480787247

View Profile Personal Message (Offline)

Ignore
1480787247
Reply with quote  #2

1480787247
Report to moderator
1480787247
Hero Member
*
Offline Offline

Posts: 1480787247

View Profile Personal Message (Offline)

Ignore
1480787247
Reply with quote  #2

1480787247
Report to moderator
investr
Full Member
***
Offline Offline

Activity: 222


View Profile
April 22, 2014, 12:49:15 AM
 #3022

When I contacted him asking if he needed my help with hosting, or if he was willing to sell the units to help recover funds for Cognitive.  I was told the units were 20 BTC each and he wasn't willing to negotiate a deal to allow me to bail out anyone who may want to continue on with a more worthwhile Bitcoin mining project.

Successful transactions: http://pastebin.com/GM27Ju59
mikaeldice
Newbie
*
Offline Offline

Activity: 29


View Profile
April 22, 2014, 02:03:39 AM
 #3023

Cognitive Mining LLC is no longer liable for any past or present action or involved in the management of this project in any way. It is fully within the rights of Cognitive Mining LLC to find a new operator and resign.

haha.  If only it were so easy.
silverfuture
Hero Member
*****
Offline Offline

Activity: 863


central banking = outdated protocol


View Profile
April 22, 2014, 02:42:27 AM
 #3024

http://bitcoinmagazine.com/5893/an-interview-with-mentor-palokaj-of-bluevpn/

Same Mentor?

We've been screwed over royally by your actions Garrett. Those who bought lowball shares recently might even do ok with liquidation but those of us who have held for over a year or bought cogf or cogf2 are only realizing huge losses any way you spin it. I doubt many of us are going to just roll over and take it. We will get organized lawfully and come after you Garrett. Better break out your Casascius coins or something because just liquidation is not likely to cover it.

-----------------------------------------------------------------------------------------------------------------------
NastyFans - The Fan Club for Bitcoin Enthusiasts | MININGCOINS | POOL | ESCROW
-----------------------------------------------------------------------------------------------------------------------
El Cabron
Gnomo
VIP
Legendary
*
Offline Offline

Activity: 840



View Profile
April 22, 2014, 02:59:58 AM
 #3025

Can some one I sent all the tracking numbers to post the document online for all to see or is someone willing to do so?

If so send me an email. Thx

It is time for everyone to see Garrs lies and fail.

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
tycho
Jr. Member
*
Offline Offline

Activity: 34


View Profile
April 22, 2014, 03:53:48 AM
 #3026

I had plans to have 1mw+ of power online in November, hosting for a friend who made a large hardware purchase, so this should not have been a problem. Said purchase was delayed into May 2014 and the datacenter refused to set up temporary hosting so we had to scramble to find a place for them. Now they reside in Icedrill.
With regard to Goat: He and I did not reach any such settlement and he, yet again, is lying in order to stir things up. I simply do not have the funds to buy shares back; Even after I am compensated for the hosting when I paid for it out of pocket (as specified in the motion), I'm coming out of this with very little money at all.

You paid $9,000 to some data center out of COG funds before you were allowed to do so, and now you're saying you paid it out of pocket?

bitcoin: 17Bovc1hKhqi8FhwwhZAAthbz1ThehyNfA
litecoin: LXpz8PcQzg5HazmnyybAjH7MFDSu4XzgXt
zero3112
Hero Member
*****
Offline Offline

Activity: 546



View Profile
April 22, 2014, 04:42:39 AM
 #3027

I don't know what the ipo price was but even in USD I am taking huge losses. Dividends have continued to be withheld from time to time and the dividends don't add up with the hash rate that is mining. We should be generating way more then the dividends paid out even after taking out the 50% for the reinvestment fund. There's so much money missing, unaccounted for and getting shaved off and stolen that its obvious.

 
zero3112
Hero Member
*****
Offline Offline

Activity: 546



View Profile
April 22, 2014, 05:13:27 AM
 #3028

I originally bought around 37 BTC which I bought for 95 dollars each for a total of 3,515 USD

I then spent 24.6 BTC and bought 41 shares for 0.6 each in July.  Later on I bought some COG.1 and COG.2 got around 1 COG.1 and 4 COG.2 for a total of 12.4 BTC.  Later on COG.1 and COG.2 shares converted to regular shares and I got 100 shares.

Effectively this means I got 141 shares for 37 BTC.

41 shares at 0.6 BTC each = 24.6 BTC
and
100 shares at 0.124 BTC each = 12.4 BTC


141 shares liquidated at 0.01 = 1.41 BTC times bitcoin price of 500 = 705 USD.

Total bitcoin loss 35.59 BTC.
Loss equated to USD 2,810 dollars.

Even liquidated at 0.02 for 2.82 BTC times bitcoin price of 500 = 1,410 USD which still equates to a total loss of 2,105 USD. Still a loss of more then 50% in USD.

This whole asset is an epic fail it not only losses bitcoin but manages to loss USD too. There's no way anyone came ahead on this.
stabs
Member
**
Offline Offline

Activity: 109


View Profile
April 22, 2014, 05:31:35 AM
 #3029

This whole asset is an epic fail it not only losses bitcoin but manages to loss USD too. There's no way anyone came ahead on this.

I guarantee Garr did.
jimmothy
Hero Member
*****
Offline Offline

Activity: 770



View Profile
April 22, 2014, 05:39:16 AM
 #3030

Quote
I did not start the company to make money (hence the minimal 10% cut), but in the spirit of education and knowledge.

Hope you got a good education for a few hundred thousand dollars wasted of other peoples money.

I've heard prison is also a very enlightening and educational experience.
zero3112
Hero Member
*****
Offline Offline

Activity: 546



View Profile
April 22, 2014, 05:45:29 AM
 #3031

This whole asset is an epic fail it not only losses bitcoin but manages to loss USD too. There's no way anyone came ahead on this.

I guarantee Garr did.

There's no way anyone came ahead on this should be re-worded to "There's no way any investors came ahead."
freedomno1
Legendary
*
Offline Offline

Activity: 1078


Activity: 9001 == OP


View Profile WWW
April 22, 2014, 06:15:34 AM
 #3032

So another fund bites the dust my condolences to those who invested it sure is hard to find a good security.
If MP was still around we would see some epic trilema right now lol.

superresistant
Legendary
*
Offline Offline

Activity: 1316



View Profile
April 22, 2014, 06:31:41 AM
 #3033

141 shares liquidated at 0.01 = 1.41 BTC times bitcoin price of 500 = 705 USD.
Total bitcoin loss 35.59 BTC.
Loss equated to USD 2,810 dollars.

Even worse actually. The price per share is 0.0045
Few months ago I was thinking that Cognitive was one of my best investment lol.
Thanks god I did well with other investments. But I know that a lot of people did not diversify and lost everything here.
Now I know there is no one you can really trust, reputation & WOT is bullshit, anything can totally fail any time.


snowdropfore
Sr. Member
****
Offline Offline

Activity: 344


View Profile
April 22, 2014, 06:59:27 AM
 #3034

what does it mean now ?are we get fuck again??fuck.
MPalokaj
Jr. Member
*
Offline Offline

Activity: 38


View Profile
April 22, 2014, 07:07:13 AM
 #3035

Also, who the hell is Mentor Palokaj.

Hello Everyone,

That would be me.

A little clarification from my end:

I have not been involved in any way whatsoever with the Cognitive Mining project. This morning ( CEST ) I figured I'd check if anyone had any questions about the liquidation on btctalk, and did not expect this storm of feces.

It is by no means my (and as far as I know Garr's) intention to skirt any laws or cheat anyone. If this is under debate I understand and will accept any questions.

Please do however respect some common courtesy, if you contact me please do not hide behind an anonymous email address.

Cheers,

Mentor
jimmothy
Hero Member
*****
Offline Offline

Activity: 770



View Profile
April 22, 2014, 07:29:52 AM
 #3036

Quote
did not expect this storm of feces.

How many abrupt liquidations of incompetent/failed companies have you been involved in?

Are you really qualified for this?
elasticband
Legendary
*
Offline Offline

Activity: 966


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


View Profile
April 22, 2014, 08:05:56 AM
 #3037

Just going to leave this here for you Garrett

Quote
I'm Garrett Ian MacDonald, a high school kid who felt like creating a passive income at little cost to myself.
http://cognitivemining.com/about.html


Quote
Even after I am compensated for the hosting when I paid for it out of pocket (as specified in the motion), I'm coming out of this with very little money at all.
The project was initially created because I am a computer geek who enjoys the idea of bitcoin mining, and is enthused by the technology that surrounds it. I did not start the company to make money (hence the minimal 10% cut), but in the spirit of education and knowledge. 
elasticband
Legendary
*
Offline Offline

Activity: 966


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


View Profile
April 22, 2014, 08:09:50 AM
 #3038

Hello Mentor Palokaj,

Nice to know you consider your shareholders discussion the equivalent of feces, great way to insult and start a open and honest relationshiop.

I don't think you understand the legal ramifications Garret is facing and the management of cognitive. Did you read all the information regarding Cognitives history before the take over?

May i ask you have some common courtesy and not come in here and insult us and the words we write.

Garrett had no light to transfer managment, where is the motion?

Garrett or yourself has no right to choose to liquidate, where is the motion?



Are you available for a meeting in Amsterdam this week?




Also, who the hell is Mentor Palokaj.

Hello Everyone,

That would be me.

A little clarification from my end:

I have not been involved in any way whatsoever with the Cognitive Mining project. This morning ( CEST ) I figured I'd check if anyone had any questions about the liquidation on btctalk, and did not expect this storm of feces.

It is by no means my (and as far as I know Garr's) intention to skirt any laws or cheat anyone. If this is under debate I understand and will accept any questions.

Please do however respect some common courtesy, if you contact me please do not hide behind an anonymous email address.

Cheers,

Mentor

elasticband
Legendary
*
Offline Offline

Activity: 966


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


View Profile
April 22, 2014, 08:14:47 AM
 #3039

also it would be nice if we could have some contact details for yourself, perhaps even a contact email address.

Instead of you locking this topic and saying communicate over email, yet not providing one.



an we also have the full contact details for the new management

elasticband
Legendary
*
Offline Offline

Activity: 966


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


View Profile
April 22, 2014, 08:19:56 AM
 #3040

also we as shareholders have been due financial reprots for months now, will we ever see these?

Garrett claims he is owe money for hosting, this is not true, that motion was never accepted by shareholders.

It is the managements responsibility to pay for the hosting. You are due ICEDRILL a large sum of money as the management, not cognitive shareholders.

read the contract garret sold shares based on.
Pages: « 1 ... 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 [152] 153 154 155 156 157 158 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!