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

[medicine]

I've answered this several times on this thread already, but the BFL SC Singles we bought promised 60+gh/s each, and we have seven of them on order. These boards alone will provide 420+gh/s to Cognitve, which devided by the current number of outstanding shares (8619) = 48.72955099 mh/s per share.

After we spend out growth funds and COG.F funds, this value will only rise!

Cheers,
Garrett

So at ~0.25BTC/share it will cost just over 5BTC per GH/s? From another perspective, 5 GH/s would be 9x the cost of a Jalapeno.

True; however, there are also Avalon boards on order as well.  And there is also time of delivery, operation, and management to take into consideration. 

[investr]

Yeah, and I'm just candidly discussing the current share value. Let me ask you, would you pay $2400 to have a Jalapeno in your lap in a week? Two weeks?

[medicine]

Yeah, and I'm just candidly discussing the current share value. Let me ask you, would you pay $2000 to have a Jalapeno in your lap in a week? Two weeks?

Well, I'm not rich by any means and I would hesitate to part with $2400 for anything, but based on the auctions for the ASICMiner boards
https://bitcointalk.org/index.php?topic=189248.0
https://bitcointalk.org/index.php?topic=178275.0

I can say confidently that yes, many people would be willing to pay 2400 dollars for a Jalapeno in their lap in a week, and probably 2 weeks.

[josiasrdz]

Yeah, and I'm just candidly discussing the current share value. Let me ask you, would you pay $2400 to have a Jalapeno in your lap in a week? Two weeks?

I think that at $2400 it will take like 6 or 7 months to start making some profit 

[investr]

yep thats why im curious

[josiasrdz]

however if you where to order a jalapeño now...it will arrive like in 6 months if you're lucky and I think at the most you could probably recover your money...if you're very lucky 

[medicine]

however if you where to order a jalapeño now...it will arrive like in 6 months if you're lucky and I think at the most you could probably recover your money...if you're very lucky 

This all depends on whether your purchasing with bitcoins or fiat. btc value changes wildly and after 6 months could be worth a lot more or a lot less.  Is your exit strategy to move back into fiat or stick with cryptocurencies for the long term?

[josiasrdz]

imo if you want to invest in bitcoin your better option is to just wait for the price to lower a little bit and buy some bitcoins 

[medicine]

I have a couple questions about the outstanding shares on BTC-TC.  I see that there are 8629 / 10420 issued and I see 1791 shares for sale at the 0.62 price point. I can't see long term charts on BTC-TC and I didn't start watching this security until Jan 2013.
The cognitive website says the IPO completely sold out so I'm wondering how these shares behave.  

Who owns them? I see they aren't collecting a share of the dividends.  Are they just going to sit at that price point until they are purchased?

Thanks,

Waiting patiently as always like the rest of us.

Peace

[Garr255]

I have a couple questions about the outstanding shares on BTC-TC.  I see that there are 8629 / 10420 issued and I see 1791 shares for sale at the 0.62 price point. I can't see long term charts on BTC-TC and I didn't start watching this security until Jan 2013.
The cognitive website says the IPO completely sold out so I'm wondering how these shares behave.  

Who owns them? I see they aren't collecting a share of the dividends.  Are they just going to sit at that price point until they are purchased?

Thanks,

Waiting patiently as always like the rest of us.

Peace

Hi,

In the IPO, there were only 5000 shares. All of these IPO shares sold out very quickly. Shares issued after that were to raise capital for more mining hardware. The issued but not outstanding shares that you are referencing were put up for sale to raise funds for Avalon ASICs. Because they have not all sold, we haven't placed an order yet. They are owned by Cognitive and they do not collect dividends. Soon I will raise a motion to ask shareholders what we would like to do with these shares, whether it be holding or repricing them.

Just to avoid confusion in the future, you call always check http://cognitivemining.com/ for an updated inventory.

If you have any other questions, I'll be happy to answer.

Best,
Garrett

[investr]

So who's running the trade bot on the cognitive asset?

[Carnth]

So who's running the trade bot on the cognitive asset?

It's not just Cognitive.

[investr]

Evil little fucker always out-bidding/asking by .01 or so. I'm sure it's making a killing from spreads. I want one...

[Code_red]

Any News from BFL yet on when they plan to ship our order?

[medicine]

Any News from BFL yet on when they plan to ship our order?

Ha ha ha ha.  If there were other companies selling and shipping ASIC boards aside from ASICMiner I think we would all be freaking out over BFL's insanely long delay between taking pre orders and shipping,  Thank goodness there are so few companies developing these boards and the BFL customers aren't getting any more screwed then we already are. 
BFL should never have taken pre orders before they knew beyond a reasonable doubt when shipping of the units would begin.

Cognitive's order was placed relatively early so we can just take comfort that we have our place in line and regardless of when the product ships we will have some highly profitable mining time.

[Garr255]

BTC-TC is undergoing a backend upgrade right now, so that's why dividends haven't been sent out yet. I'll send them as soon as I see that it's finished!

--Garrett

[Code_red]

What is with the panic selling?

[davecoin]

People getting tired of BFL's bullshit is my guess.

[stabs]

Dividend seemed lower than it should be, any reason why?

[TiuraZ]

People are selling everything else to buy ASICminer shares. At least one guy sayed so in the Asicminer thread