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Author Topic: Starting a new FPGA mining farm/contract! Cognitive Resurrected on[Havelock]  (Read 274744 times)
MilkyLep
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July 16, 2013, 04:47:59 PM
 #941

Right..."wall"!?  Cool

Can't wait to see next weekend's divvys!

Edit: Quick question - COG.F still equals 20 shares of Conitive correct? Those COG.F funds are placed in holding until a miner purchase opportunity presents itself?

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July 16, 2013, 05:05:30 PM
 #942

to the people talking about a split, don't you think we need to wait till the end of the week when everything is turned on? lol. been following COGNITIVE for a while and this is exactly what was planned, great job Garrett. personally I can't wait until the fall
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July 16, 2013, 05:24:43 PM
 #943

Right..."wall"!?  Cool

Can't wait to see next weekend's divvys!

Edit: Quick question - COG.F still equals 20 shares of Conitive correct? Those COG.F funds are placed in holding until a miner purchase opportunity presents itself?
COG.F funds were used to purchase the avalon chips discussed earlier.  Once they have been mounted to boards and are mining, cog.f will be converted into standard cognitive shares.
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July 16, 2013, 06:40:13 PM
 #944

Right..."wall"!?  Cool

Can't wait to see next weekend's divvys!

Edit: Quick question - COG.F still equals 20 shares of Conitive correct? Those COG.F funds are placed in holding until a miner purchase opportunity presents itself?
COG.F funds were used to purchase the avalon chips discussed earlier.  Once they have been mounted to boards and are mining, cog.f will be converted into standard cognitive shares.

That's correct. One COG.F is a contract for 20 shares of Cognitive which will be delivered when our Avalon chips are hashing this September.

to the people talking about a split, don't you think we need to wait till the end of the week when everything is turned on? lol. been following COGNITIVE for a while and this is exactly what was planned, great job Garrett. personally I can't wait until the fall

Yeah let's not rush things. Let's keep as many things constant as possible, then in a week or two we can reevaluate whether a split would be really beneficial. (My thoughts are if we go over 2btc per share a split would be beneficial).

Another option would be to create a microshares asset for Cognitive, where you can purchase down to 1% of a share.

And thanks for the kudos, igba Smiley

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July 16, 2013, 06:41:03 PM
 #945

And just in case somebody missed all the good news:

Here is what I just posted in the BTC-TC/Cognitive news feed:

Hello Shareholders!

This Saturday, I proudly opened the box containing one of our two Avalon miners that we have purchases using a total of 900 of our treasury shares. The second Avalon will be mailed to us tomorrow and online by the end of the week!

Additionally, BFL is making great progress in shipping their SC Singles, which we have a very early pre-order for seven of! These units run at ~60gh/s each.

Our current hashrate: 83 gh/s

Our hashrate at the end of the week: 153 gh/s

Our hashrate after the BFL units are delivered (soon): 573 gh/s

Our hashrate after the BFL and Avalon chips are delivered (September): 960 gh/s

Our hashrate after all of the above and we spend our remaining treasury shares + growth funds: 1.1+ th/s (1100+ gh/s)

In addition to all of this good news: as of last week Cognitive has paid out OVER 1000 bitcoins in dividends! For our current inventory and total dividend history you can always refer to http://cognitivemining.com/

These are going to be a very exciting few months for Cognitve Smiley

Cheers,
Garrett

The great news for cognitive just keeps coming! (See this update if you haven't already: https://bitcointalk.org/index.php?topic=67547.msg2738979#msg2738979)

We just bought a SC Single that gets ~60gh/s and it is hashing for us right now, putting our estimated hashrate at the end up this week all the way up to 213gh/s Cheesy

Additionally, ALL off the Cognitive treasury shares just sold, so we now have over 400 btc in our reserves to purchase more hardware with!

Does that mean another 60gh will be online in the near future?

Yea  this saturday :-)

Actually, it's online right now! I was hosting the unit for the former owner already so the transition took just a few minutes Smiley

Cheers,
Garrett

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July 16, 2013, 06:53:02 PM
 #946

I apologize for the confusion on my part there, I had thought you were still thinking about the new offer of 150 shares instead of 300.

No, I thought I made it clear but if not, my fault.

Anyway I have a policy of not changing the price on a deal after it is accepted. That is a questionable act in my book for both parties involved.

Thanks.


But I guess you haven't accepted this deal until early today, like when the share price reach like 0.6/share. I guess things change fast, if you missed the deal that day that time, you missed it.

No, I had accepted it before but only posted when I did to make a point about something else. Also I would have just dropped it but there was some confusion about the deal so I cleared up some FUD that was posted in this thread.

Ironic how the report of this deal helped move the stock price up, and that price going up meant that the deal could not happen.

Oh well. Live and learn.



 

Perhaps you'd reconsider selling for straight BTC instead.  Given that our treasury shares are now sold,  we should be brimming with hardware funds.


we were able to work something out in the end. also i bought a significant amount of more stock to assist in kicking that wall down.



Nice. I bought about half of everything up to the wall.  Cheesy
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July 16, 2013, 07:55:53 PM
 #947

I'm currently fielding offers for more in-hand Avalon and BFL SC units. By next week our hashrate is going to be far above projections in the update Smiley

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July 16, 2013, 08:16:26 PM
 #948

then write a new Update with New Projetions :-)

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July 16, 2013, 08:17:03 PM
 #949

to the people talking about a split, don't you think we need to wait till the end of the week when everything is turned on? lol. been following COGNITIVE for a while and this is exactly what was planned, great job Garrett. personally I can't wait until the fall

Prices seem to move more irrationally (to the benefit of current holders) following a split, no?  Didn't the same increase in hashpower move bASIC from .6 to 1.1btc (pre-split), then from like .35 to .8 (post split), even though the magnitude of the impact was almost tenfold the later time?  

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July 16, 2013, 09:59:23 PM
 #950

I'm currently fielding offers for more in-hand Avalon and BFL SC units. By next week our hashrate is going to be far above projections in the update Smiley
This is called the exciting news! =D
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July 17, 2013, 12:55:50 AM
 #951

to the people talking about a split, don't you think we need to wait till the end of the week when everything is turned on? lol. been following COGNITIVE for a while and this is exactly what was planned, great job Garrett. personally I can't wait until the fall

Prices seem to move more irrationally (to the benefit of current holders) following a split, no?  Didn't the same increase in hashpower move bASIC from .6 to 1.1btc (pre-split), then from like .35 to .8 (post split), even though the magnitude of the impact was almost tenfold the later time?  

Current price is already irrational.

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July 17, 2013, 01:18:08 AM
 #952

(My thoughts are if we go over 2btc per share a split would be beneficial).

What are downsides of split?

It looks like btct.co doesn't auto-update some parts, particularly, charts. Otherwise it is nice to have better granularity

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MilkyLep
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July 17, 2013, 04:05:24 AM
 #953

to the people talking about a split, don't you think we need to wait till the end of the week when everything is turned on? lol. been following COGNITIVE for a while and this is exactly what was planned, great job Garrett. personally I can't wait until the fall

Prices seem to move more irrationally (to the benefit of current holders) following a split, no?  Didn't the same increase in hashpower move bASIC from .6 to 1.1btc (pre-split), then from like .35 to .8 (post split), even though the magnitude of the impact was almost tenfold the later time? 

Current price is already irrational.

Maybe so, but that's why it's called an investment, price may not always be irrational. Not to mention this is a virtual currency, whos to say what is rational? I've got faith in Garrett's ability to manage this asset, and the near months will show the hard work of planning both from him and the shareholders. Grab your hard hat because we might be breaking some ceilings. Grin

As far as the stock split goes, I honestly thought the increased liquidity would be detrimental to bASIC's share price, but we all saw what happened. And unless I'm mistaken, burnside worked with creativex to fix the charts/dividends/etc.


EDIT: Any emails or hints as to when those 7 BFL rigs are going to ship? Just sometime soon?

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July 17, 2013, 04:39:52 AM
 #954

EDIT: Any emails or hints as to when those 7 BFL rigs are going to ship? Just sometime soon?

Hopefully soon. This site shows several Single near order order #3277 have been delivered. Maybe within the next week or so?! I'm really not sure how reliable going by this site is though.

http://bfl.ptz.ro/
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July 17, 2013, 05:03:44 AM
 #955

why are people buying this for .91BTC. It's not profitable even with 960gh/s now which we don't have. That's 92Mh/s per .91BTC share.
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July 17, 2013, 06:04:50 AM
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you are in the minority if you are asking this question Roll Eyes
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July 17, 2013, 06:16:10 AM
 #957

Hey shareholders!

Today on behalf of Cognitive I completed the purchase of an Additional Two Avalons! These will be overnighted to us and will be hashing Thursday afternoon.

This puts our hashrate at the end of this week all the way up to 330+ gh/s!

This is a tremendous leap in hashrate for Cognitive and I'm glad that we are purchasing hardware now, because as you know, time is off the essence when mining!

With regard to the BFL SCs, no formal estimate from BFL as of now, but I don't expect it to be very much longer at all. I will post back here when I get a shipping notification of course Smiley

These are some great times for Cognitive!

Cheers,
Garrett

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July 17, 2013, 06:35:02 AM
 #958

Hey shareholders!

Today on behalf of Cognitive I completed the purchase of an Additional Two Avalons! These will be overnighted to us and will be hashing Thursday afternoon.

This puts our hashrate at the end of this week all the way up to 330+ gh/s!

This is a tremendous leap in hashrate for Cognitive and I'm glad that we are purchasing hardware now, because as you know, time is off the essence when mining!

With regard to the BFL SCs, no formal estimate from BFL as of now, but I don't expect it to be very much longer at all. I will post back here when I get a shipping notification of course Smiley

These are some great times for Cognitive!

Cheers,
Garrett
Great great news!!! Thanks for the hard work Garrett! We appreciated!
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July 17, 2013, 04:59:42 PM
 #959

why are people buying this for .91BTC. It's not profitable even with 960gh/s now which we don't have. That's 92Mh/s per .91BTC share.
I really liked this asset and have been holding it since GLBSE times, but had to sell now, cause this price is just too high :-) Garett is doing a great job for Cognitive and I hope all well for his investors. Good luck!
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July 17, 2013, 05:13:49 PM
 #960

I don't get why people don't understand why the price is not set only by the ROI or by the share_price/dividends. I think the bitcoin world need trust and well managed companies. That's why the price is high and if it is too high, the market will do his work.

I wish I had bought the shares a few weeks ago when I was asking myself if I should or not -.-

Patrick

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