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Author Topic: Starting a new FPGA mining farm/contract! Cognitive Resurrected on[Havelock]  (Read 274682 times)
cedivad
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April 22, 2014, 09:18:21 AM
 #3041

The more people around the Bitcoin ecosystem going to jail the better for everyone else.

My anger against what is wrong in the Bitcoin community is productive:
Bitcointa.lk - Replace "Bitcointalk.org" with "Bitcointa.lk" in this url to see how this page looks like on a proper forum (Announcement Thread)
Hashfast.org - Wiki for screwed customers
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There are several different types of Bitcoin clients. Server-assisted clients like blockchain.info rely on centralized servers to do their network verification for them. Although the server can't steal the client's bitcoins directly, it can easily execute double-spending-style attacks against the client.
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MPalokaj
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April 22, 2014, 09:29:11 AM
 #3042

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

Apologies if that came off insulting. That is not my intention in the slightest. Garr simply wanted me to take care of the logistics, I assumed he took care of any other loose ends. In this statement I was referring retroactively to the thread. I was not aware the situation was so tense.

I fully understand that this is a very emotional debate. Please be advised that I am entirely willing to communicate with anyone to resolve this situation. I would however again urge everyone to remain rational. Threats make this situation worse for everyone involved.

If anyone can give me a full recap on the past months from a shareholder perspective, please PM me.

@Elasticband, my email is in your PM box
elasticband
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April 22, 2014, 09:32:20 AM
 #3043

try taking the time to read through the feces yourself istead of getting a run down from the poeple garret has screwed over the most. The company you have been given the task of liquidating is a mess and the managment has no right to do what it has done. Miss managed into the ground. then past over to a patsy.....


edit: the fact you are asking for a run down for the past few months, shows you have not even taken the time to read about what you have got yourself involved with..... GENIUS!


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

Apologies if that came off insulting. That is not my intention in the slightest. Garr simply wanted me to take care of the logistics, I assumed he took care of any other loose ends. In this statement I was referring retroactively to the thread. I was not aware the situation was so tense.

I fully understand that this is a very emotional debate. Please be advised that I am entirely willing to communicate with anyone to resolve this situation. I would however again urge everyone to remain rational. Threats make this situation worse for everyone involved.

If anyone can give me a full recap on the past months from a shareholder perspective, please PM me.

@Elasticband, my email is in your PM box
NotLambchop
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April 22, 2014, 10:37:57 AM
 #3044

...I assumed he took care of any other loose ends. ... I was not aware the situation was so tense. ...

Bro, it's pretty tense...



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April 22, 2014, 12:02:46 PM
 #3045

...I assumed he took care of any other loose ends. ... I was not aware the situation was so tense. ...
Bro, it's pretty tense...

Understood and duly noted.

I'm right now doing through the legal side of this with Garr and am in dialogue with anyone who PM's me. It appears CM shareholders are utmost reasonable people when engaged in private conversation.

To all those frustrated by this turn of events: if you have any questions or better yet alternative courses of action, feel free to contact me. Constructive comments are highly appreciated and will receive all the personal attention they deserve. Trolls are not fed.

edit: broke the formatting
Newar
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April 22, 2014, 12:09:27 PM
 #3046

Read here: https://bitcointa.lk/threads/starting-a-new-fpga-mining-farm-contract-cognitive-resurrected-on-havelock.47052/

Fewer deleted posts there.

OTC rating | GPG keyid 1DC91318EE785FDE | Gliph: lightning bicycle tree music | Mycelium, a swift & secure Bitcoin client for Android | LocalBitcoins
elasticband
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April 22, 2014, 12:24:15 PM
 #3047

Maybe we can finally get a financial report and audit of the last 8-10 months?

Maybe we can see the results of the motion that says Garret gets paid for hosting costs?

Where are all the cointerra machines? why have we only ever had 18TH online?

Where is the compensation due from Cointerra? Our hash rate is almost a third of the contracted amount, with compensation due for lateness our hashrate is about 50%!


who are you and why are you given the responsibility of liquidating cognitive?

Garret surely can't expect his share to be included in the liquidation process. He is due Cognitive about 30 days worth of downtime of the hardware, or probably even more.

 
Tafelpoot
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April 22, 2014, 01:47:28 PM
 #3048



Don't forget to refund all this to the shareholders.
dunchy
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April 22, 2014, 02:54:41 PM
 #3049

I would kindly ask anyone in private correspondence with this clown to paste his email conversation here. This veil of silence is simply ridiculous and childish. Thank you.
ryan1894
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April 23, 2014, 02:56:05 AM
 #3050

how about the bond, FIMB?

1EPyRTYv6PgNWa8biBHVdh2i8q5RDHGF7d
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April 23, 2014, 02:59:02 AM
 #3051

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.

Just had to quote this for the sheer hilarity of the statement. Sorry, Garr, I don't think you can put 'we are no longer liable for our actions' and really expect that to stick. Liability doesn't work like that.
MilkyLep
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Bitcoin for all & all for Bitcoin


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April 23, 2014, 04:19:55 AM
 #3052

Hey guys, my spell check keeps giving me problems. Can anyone tell me how to spell sock puppet again?

Seriously, this thread is going into the Internet Hall of Fame surely to be scoffed at for the following digital age.

All grand wise and powerful one, is it yet time for a bit of IP detective work,  Theymos?

Either you own the bitcoins(private keys) or you don't. However with moneroj, nobody knows what you own.
Secure. Private. Untraceable.
helloge
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I do escrow!


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April 23, 2014, 04:47:12 PM
 #3053

hi, guys
what's the final share price  will be by estimation.
really suck it!

zero3112
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April 25, 2014, 02:42:03 AM
 #3054

Quote
I'm Garrett Ian MacDonald, a high school kid who felt like creating a passive income at little cost to myself.
http://calvarygi.com/images/bitcoin-add/BitcoinMiningRig/cognitive-mining-bitcoin.php

No kidding.
alincoln
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April 25, 2014, 03:04:22 AM
 #3055

how about the bond, FIMB?

I have emailed Garrett regarding FIMB two days ago, since I'm the largest bondholder and we agreed on a repayment plan a few months back.

Unfortunately until now, he's chosen to ignore me. If he decides to play silent and walk away without honoring the deal I might join the ranks of those that will take legal action against him.
ryan1894
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April 25, 2014, 08:34:11 AM
 #3056

how about the bond, FIMB?

I have emailed Garrett regarding FIMB two days ago, since I'm the largest bondholder and we agreed on a repayment plan a few months back.

Unfortunately until now, he's chosen to ignore me. If he decides to play silent and walk away without honoring the deal I might join the ranks of those that will take legal action against him.

I fucking wish that was an available course of action in the bitcoin world.

Just tell it to the guys in BASIC-MINING who got scammed hard after the btct shutdown...

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stabs
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April 26, 2014, 12:58:51 AM
 #3057

I fucking wish that was an available course of action in the bitcoin world.

How isn't that available?  Garret has broken quite a few laws...
kibblesnbits
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April 26, 2014, 10:15:04 AM
 #3058

Scammers gonna scam...
https://bitcointalk.org/index.php?topic=238474.0

ASICMINERTUBE
   
  The Best $/Gh Bitcoin Miner So Far
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MPalokaj
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April 26, 2014, 12:07:44 PM
 #3059

Hello Everyone,

I've been talking to Garr over the past days to work this out to the best advantage of the shareholders involved. Over the course of today Garr will post an overview of his perspective on what was the intent, process and eventual demise of this project. I would urge everyone to await that post.

In the meanwhile, here are some answers to elasticband's questions.

Maybe we can finally get a financial report and audit of the last 8-10 months?

Maybe we can see the results of the motion that says Garret gets paid for hosting costs?

Where are all the cointerra machines? why have we only ever had 18TH online?

Where is the compensation due from Cointerra? Our hash rate is almost a third of the contracted amount, with compensation due for lateness our hashrate is about 50%!

Who are you and why are you given the responsibility of liquidating cognitive?

-------Garr's responses-----------

1 Get a financial report & audit
     This has been in the talks for months now, and the time to create this simply hasn't existed. I apologize for not keeping a realtime financials report that is always publicly viewable. This is something I will certainly strive to do in the future. It is an oversight that in retrospect should have been obvious, again I apologise and will do my best to construct them.

2 Result of the motion
     The motion results were posted on the forum right when it ended. Here is the link again: Motion tally

3 Where are the CT machines
     Some of the CT machines are in Montana and some are in Canada. Icedrill is planning on purchasing the entirety of the machines there from us, which will ensure a seamless transaction, plus they are willing to pay more because it will be free and instant delivery!

4 Where is compensation due from CT
     Compensation from CT is being sent out today, in the form of three TerraMiners. One Terraminer is being sold back to CT for the purchase price (which is greater than their current retail price so it would be impossible to sell it for more) to pay them for the shipping costs which totaled over $6,000 USD. The remaining two of these are being sold right away.

5 Why is Mentor given responsibility
     I among others believe Mentor is a trustworthy individual who will be a highly valuable resource in gracefully closing up shop.

If you'd like anything further on these, just let me know.
------------- End responses -----------------------

A personal note on point 5. I fully understand the frustrations of everyone involved and have the intention to make the best out of the situation. I have not been involved with the CM project in any way unto this point. Garr's intention was to have an impartial individual guide this process. His and my hopes are that as an unaffected individual can see understand the perspectives of all parties involved.


Hey guys, my spell check keeps giving me problems. Can anyone tell me how to spell sock puppet again?

All grand wise and powerful one, is it yet time for a bit of IP detective work,  Theymos?

Although I can see why you would consider that possibility, I'm not a sock puppet. Feel free to trace me if you can. You'll find me firmly established in Maastricht, The Netherlands.

For a less dramatic course of action simply PM me about my identity.

Regards,

Mentor
elasticband
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April 26, 2014, 12:19:47 PM
 #3060

Who considers you trustworthy apart from garrett?

You have no community history and we don't know your background.

For garrett to say in future he will keep financials worries me, it means he will be back doing this again at some point.
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