Starting a new FPGA mining farm/contract! Cognitive Resurrected on[Havelock]

[nimda]

YESYESYES

[GeoRW]

Shares are down to below 0.55 now (got some for cheap too ). So this is a great deal, unless that FPGA breaks next day 

[Garr255]

Shares are down to below 0.55 now (got some for cheap too ). So this is a great deal, unless that FPGA breaks next day  

It was purchased with Cognitive's order, so it will break down right when the rest of the boards do (Long, long time.)

I will be accepting bulk orders (50+) for 12 hours after the motion passes, then they will be put up for sale publicly.

[GeoRW]

Shares are down to below 0.55 now (got some for cheap too ). So this is a great deal, unless that FPGA breaks next day  

It was purchased with Cognitive's order, so it will break down right when the rest of the boards do (Long, long time.)

I will be accepting bulk orders (50+) for 12 hours after the motion passes, then they will be put up for sale publicly.

Hmm, I thought that the board seller wants to actually exchange the  board for shares at 0.6, as he wants to reinvest into Cognitive. But nevermind, it should be sold at 0.6 publicly anyways.

[SaintFlow]

I would like to raise a motion forbidding Garr255 from raising the hashpower of the total network
outside of his already listed COGNITIVE and SYNERGY.

We as shareholders of this/his company demand that he does refrain from launching private or other
sideprojects to bitcoin like his proposed:
https://bitcointalk.org/index.php?topic=89223.msg983966;topicseen#msg983966
without previous aggrement with his shareholders.

Sincerely
Armin Schuckart

[steelhouse]

A shareholder has requested that we raise a motion to purchase the x6500 from him that I have been hosting remotely. He is willing to sell it for 75BTC (which he said he will reinvest into Cognitive!). The motion ends 60 hours after this post.

The motion will pass if 70% of voters vote "yes", and is as follows:

Issue 138 shares at 0.6 per share to purchase one x6500 board. This board will be hashing for Cognitive instantly after the purchase, for a total increase of 400mh/s.

The operator will maintain his contractually granted 10% and will receive 13 shares.

Vote "yes" here! https://glbse.com/vote/view/75

Additionally, our order for seven BFL Singles has been confirmed!

Why should we even consider buying it.  The new sc made it obsolete and he is just using shareholders to pay for his bad investment.  What is the estimated resale value of this in 6 months.

[stabs]

Yeah, I think these side projects fall under "conflict of interest."

[Garr255]

Shares are down to below 0.55 now (got some for cheap too ). So this is a great deal, unless that FPGA breaks next day  

It was purchased with Cognitive's order, so it will break down right when the rest of the boards do (Long, long time.)

I will be accepting bulk orders (50+) for 12 hours after the motion passes, then they will be put up for sale publicly.

Hmm, I thought that the board seller wants to actually exchange the  board for shares at 0.6, as he wants to reinvest into Cognitive. But nevermind, it should be sold at 0.6 publicly anyways.

I will ask if he wants to do this. If he does, I will probably see a change in the overall attitude toward the motion

Yeah, I think these side projects fall under "conflict of interest."

Here is a nice response to that:

In response to those concerned with diluting GLBSE share values:

To clarify my previous statement: It is possible that this venture might compete with Cognitive among other GLBSE assets, but even if it does, it will be an extremely shot term hindrance. It will only compete until all twelve slots are sold, then (because they are not publicly traded) there should be very little interference.

I am by no means going to ignore or mistreat other assets I maintain. I plan to raise a motion to issue more cognitive shares to upgrade the current Singles to SC Singles, and will do so after the current motion ends.

To add to that, I will be spending no less time on Cognitive that I have in the past. (Actually I'm upgrading MPBM right now )

That venture has been scrapped due to popular demand.

[Garr255]

The seller of the x6500 mentioned in the above motion has agreed to take 125 shares directly in exchange for the x6500. This means no shares will be sold publicly, and this will only increase Cognitive's ROI!

Please adjust your votes accordingly!

[piotr_n]

That venture has been scrapped due to popular demand.

It has restored all my trust in Cognitive.
Good choice!

[Garr255]

The latest motion has passed!

Our total hashrate has now been increased from 7200mh/s to 7600mh/s.


Within the next few days a motion will be raised to raise funds to purchase ASIC upgrades for our seven BFL Singles. When the FPGA Singles arrive, we will be at a total hashrate of 13550mh/s (assuming 850mh/s from each unit). After the ASIC upgrade we will be at a total hashrate of 287600mh/s.

[Trance104]

Well, My name is Garrett Ian MacDonald, I'm 16, and I live in Idaho, USA.

MAD props to you sir. I know this thread is way past this post (20 pages), but I recently invested in your "rig" and I was just reviewing the thread.


Good job on your age and knowledge/know-how.

[Garr255]

Today we had a few hours of downtime. I had my brother go up and cut down an old satellite dish, and he cut the main internet cable too. So it took about an hour for me to realize we had no internet, then I went back on the roof and did some outdoor soldering. All is well and we are back up and hashing.

Well, My name is Garrett Ian MacDonald, I'm 16, and I live in Idaho, USA.

MAD props to you sir. I know this thread is way past this post (20 pages), but I recently invested in your "rig" and I was just reviewing the thread.


Good job on your age and knowledge/know-how.

Thanks.

[Garr255]

A motion to upgrade to ASICs has been raised and is as follows:

Code:

Issue 1322 shares at 0.63 for a total of 833BTC to purchase ASIC upgrades for our seven BFL Singles. This will increase our total hashrate to 287600mh/s, assuming 40000mh/s from each unit.

This is a necessary move to remain a profitable Bitcoin mining company.

Voting will end at 0000 GLBSE Time July 11, 2012.

https://glbse.com/vote/view/86

[stabs]

Why such a low dividend this time?

[Garr255]

Why such a low dividend this time?

Clipse's pool is having issues with MPBM after a pool restart, sometimes causing hours of rejects. I have since switched the miners to Slush's pool, and we now have less than 1% rejects. I will be adding 5btc of my own funds to the next dividend to help make up for this loss.

[Garr255]

Bumping to ensure shareholders have voted on the latest motion!

Voting ends in 23h25m

[Garr255]

The motion passed!

Voted Yea:2904
Voted Nay:166

I am open to bulk orders for 24 hours as usual, then the rest of the shares will be sold publicly.

[Garr255]

588 Bulk order shares have been purchased, and the remaining shares after all bulk orders will be put up for sale publicly tomorrow morning (PST, ~18 hours from this post).

[Garr255]

The shares just went live and there are only 395 left! Grab some at https://glbse.com/asset/view/COGNITIVE