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Author Topic: Starting a new FPGA mining farm/contract! Cognitive Resurrected on[Havelock]  (Read 290069 times)
Garr255
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March 20, 2012, 12:32:33 AM
 #41

Setting it up with Nefario as we speak. It should be up at 6 PST as promised Smiley

Asset ID: Cognitive

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tgmarks
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March 20, 2012, 12:40:16 AM
 #42

T-minus 20 minutes to IPO...

Garr255
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March 20, 2012, 12:57:40 AM
 #43

Three minutes! And I just had a chat with Nefario. Everything is ready to go Smiley

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Nefario
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March 20, 2012, 12:58:15 AM
 #44

I've verified Garr255's identity

Facebook, Linked in, Photo ID(two forms provided), address, and phone verified.


Good luck in the IPO, sorry for not having GLBSE 2.0 out in time for it.

Nefario.

PGP key id at pgp.mit.edu 0xA68F4B7C

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Garr255
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March 20, 2012, 01:01:15 AM
 #45

We're trading!

I just saw the first 22 shares sell, and within the first seconds! Thanks whoever bought Smiley

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zapeta
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March 20, 2012, 01:10:00 AM
 #46

We're trading!

I just saw the first 22 shares sell, and within the first seconds! Thanks whoever bought Smiley

Looks like you've sold 23 now.  I'll be buying a few more shares when my BTC hits GLBSE.
mila
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March 20, 2012, 01:16:08 AM
 #47

We're trading!

I just saw the first 22 shares sell, and within the first seconds! Thanks whoever bought Smiley

Looks like you've sold 23 now.  I'll be buying a few more shares when my BTC hits GLBSE.

that was me (+1 counter). I sold tygr bank 5@0.102999 to buy 1 share here
i did not want to wait for 6 confirmations

your ad here:
Garr255
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March 20, 2012, 01:17:15 AM
 #48

Heh, thanks.

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mila
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March 20, 2012, 01:18:28 AM
 #49

sorry for not having GLBSE 2.0 out in time for it.

yes, that sucks. it would net 25 btc in fees from sale/trade
but if the IPO lasts substantially longer, BG gets it's share
I'm willing to stop testing for a bribe and fast 2.0 deployment wink

your ad here:
Nefario
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March 20, 2012, 01:26:29 AM
 #50

I'm willing to stop testing for a bribe and fast 2.0 deployment wink

I don't get it.

PGP key id at pgp.mit.edu 0xA68F4B7C

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mila
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March 20, 2012, 01:31:05 AM
 #51

I'm willing to stop testing for a bribe and fast 2.0 deployment wink

I don't get it.

silly joke but here is the thread of thoughts to follow
- if the new fee structure would be in place, successfull IPO of this asset would net BitcoinGlobal 25 btc as fees from the 2500 btc raised here
- if there would be less bugs reported, the 2.0 glbse could be already in prod or at least not delayed for published reasons
- having 25 btc vs not having 25 btc makes a difference (having 25 btc is the preferred option)
- from above assumptions I concluded that I contributed to the loss of 25 btc to BitcoinGlobal

smiling now? wink

your ad here:
Nefario
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March 20, 2012, 01:40:58 AM
 #52

U OWE ME MONY!!!  Angry Angry Angry

PGP key id at pgp.mit.edu 0xA68F4B7C

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Garr255
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March 20, 2012, 01:51:01 AM
 #53

Nefario, I'd appreciate if you'd specify who ''owes you money'', in fear of someone jumping to the bottom of the thread and thinking you're referring to me Tongue

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March 20, 2012, 01:57:37 AM
 #54

Nefario, I'd appreciate if you'd specify who ''owes you money'', in fear of someone jumping to the bottom of the thread and thinking you're referring to me Tongue

he's joking. english teacher would not make such grammatical errors ...

@Nefario you could still switch to 2.0 fast enough to jump on the IPO train for a good part of the sales and fees from that
my question was 'R you willing to bribe? Wink

to potential stock buyers, please bear with us for a moment this is is important. no more hijacking and off topic after 4 am. I promise

edit: and ofc it's only teasing and pointing out interesting moments in time.

your ad here:
Garr255
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March 20, 2012, 02:20:29 AM
 #55

Heh, I just wanted to clarify that. I don't really mind Tongue

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Garr255
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March 20, 2012, 04:43:46 AM
 #56

Edit: Horserider deleted his post for an unknown reason, so that is why this response seems random.

Okay I understand your confusion. The 5% of shares being held for expansion are included in the 10% that I am holding.

This:
The "company" has total 5000 shares according to your discription and the GLBSE data. You hold 500 shares yourself. So you only sell 4500 shares to the public
is correct.

I will make adjustments to the main post now to clarify things. Thanks!

“First they ignore you, then they laugh at you, then they fight you, then you win.”  -- Mahatma Gandhi

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stabs
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March 20, 2012, 05:44:07 AM
 #57

Here goes nothing, looks like you're down to almost 4k shares left.
Garr255
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March 20, 2012, 05:56:07 AM
 #58

Thanks for your investment! I'm sending fizz a PM about some boards now Smiley

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HorseRider
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March 20, 2012, 06:03:14 AM
 #59

Edit: Horserider deleted his post for an unknown reason, so that is why this response seems random.



it must be a mistake of myself.

"The 5% of shares being held for expansion are included in the 10% that I am holding."

I'm surprised that you make such kind of generous arrangement.


I strongly recommend Garr and other IPO mining company define their operation and arrangement in such format. I think this will define most of the mining operation in a very clear way.

Garr, would you please fullfill this format?



Before the IPO, "The company" has 500 shares which is solely owned by the CEO.

Before the IPO, "the company" has such asset,

1.the whole rigs like ...
2.the right to use but not own the rigs like...
3.the right to rent the rigs ________ at price of ____ like...
4.the right to pass the electricity bills to the CEO in the future operation, which means that the CEO,but not "The company", is the one that will be responsible for paying the electricity bills for "The company".
5._____ BTC

and such debt or obligations:

nothing (there may be obligations to pay the 20BTC to GLBSE)



"The company" is offering to the public on GLBSE with 4500 shares of this company.The initial price per share will be 0.5BTC.

The IPO will provide the "The company" 2250 BTC of capital, which at the current exchange rate of $4.85/BTC will buy the company _____ x6500s for a total minimum hashrate of ____gh/s.

After the IPO, "the company" has 5000 shares,
1. 500 owned by the CEO
2. 4500 owned by the public shareholders.

After the IPO, "the company" has such asset:

1.the whole rigs like ...
2.the right to use  but not own the rigs like...
3.the right to rent the rigs____ at price of ____ like...
4.the right to pass the electricity bills to the CEO in the future operation, which means that the CEO,but not "The company", is the one that will be responsible for paying the electricity bills for "The company".
5.2250 BTC, which will be used to
   a)purchase the _____ x6500s for a total minimum hashrate of ____gh/s. The rest of the bitcoin which is not spended will be retained for the future expantion.
   b)rigs as____
   c)____
6.that the CEO promised to contribute some of the divident he get to the company solely for the expansion, which will be the less one of the following two items:
   a) half of the dividend the CEO get from the 10% of shares of the company.
   b) the dividend the CEO get from the 10% of shares of the company minus the electricity bills.

and such debt or obligations:

1._____
2._____

"the company" will retain 0% of the net income(BTC mined after any cost) for the future expansion and 100% for dividend. the dividend will be distributed weekly.

"The company" will publish these data weekly while in operation:

the mining statistics
the bitcoin mined
the bitcoin used for paying any fees or cost(it's better if the fees or cost is specified)
the net income
the bitcoin paid out as dividend
the money( bitcoin, USD or both) retained for expantion

16SvwJtQET7mkHZFFbJpgPaDA1Pxtmbm5P
Garr255
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March 20, 2012, 06:43:37 AM
 #60

I'll probably put that into place tomorrow.

I need some sleep though! I call this a successful day. I just sent out mail requesting two boards.

Thanks to all investors. I'm confident this will be a successful venture!

-Garrett

“First they ignore you, then they laugh at you, then they fight you, then you win.”  -- Mahatma Gandhi

Average time between signing on to bitcointalk: Two weeks. Please don't expect responses any faster than that!
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