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

[Garr255]

Hey all,

I've spoken with Ravi, and out CoinTerra Hardware is on track for a late-January delivery!

The sCrypt hardware is scheduled to arrive Saturday, and will be fully online on Tuesday.

I have been unable to send out this week's dividend because I can't make the payment via mining.bitcoin.cz:



If the site isn't back online today, last week's dividend will be combined with this week's, making a double dividend on Saturday.

--Garrett

[1713551165]

1713551165

[1713551165]

1713551165

[1713551165]

1713551165

[1713551165]

1713551165

[alincoln]

Hey all,

I've spoken with Ravi, and out CoinTerra Hardware is on track for a late-January delivery!

The sCrypt hardware is scheduled to arrive Saturday, and will be fully online on Tuesday.

I have been unable to send out this week's dividend because I can't make the payment via mining.bitcoin.cz:



If the site isn't back online today, last week's dividend will be combined with this week's, making a double dividend on Saturday.

--Garrett

How about the FIMB dividends which were promised for December and which you claim to have emailed bondholders, but I got no email from you nor a reply from the PM I sent you?

[Garr255]

Hey all,

I've spoken with Ravi, and out CoinTerra Hardware is on track for a late-January delivery!

The sCrypt hardware is scheduled to arrive Saturday, and will be fully online on Tuesday.

I have been unable to send out this week's dividend because I can't make the payment via mining.bitcoin.cz:



If the site isn't back online today, last week's dividend will be combined with this week's, making a double dividend on Saturday.

--Garrett

How about the FIMB dividends which were promised for December and which you claim to have emailed bondholders, but I got no email from you nor a reply from the PM I sent you?

Please email me back at garrett[at]cognitivemining[dot]com

I get tons of PMs and emails daily so some may go overlooked. I apologize for this!

[alincoln]

Hey all,

I've spoken with Ravi, and out CoinTerra Hardware is on track for a late-January delivery!

The sCrypt hardware is scheduled to arrive Saturday, and will be fully online on Tuesday.

I have been unable to send out this week's dividend because I can't make the payment via mining.bitcoin.cz:



If the site isn't back online today, last week's dividend will be combined with this week's, making a double dividend on Saturday.

--Garrett

How about the FIMB dividends which were promised for December and which you claim to have emailed bondholders, but I got no email from you nor a reply from the PM I sent you?

Please email me back at garrett[at]cognitivemining[dot]com

I get tons of PMs and emails daily so some may go overlooked. I apologize for this!

Email sent and I would really, really appreciate a fast response this time. Thanks.

[killerstorm]

I've spoken with Ravi, and out CoinTerra Hardware is on track for a late-January delivery!

Wow, so they arrive in approximately two weeks? 

[Garr255]

I've spoken with Ravi, and out CoinTerra Hardware is on track for a late-January delivery!

Wow, so they arrive in approximately two weeks? 

Yessir!

[snowdropfore]

I've spoken with Ravi, and out CoinTerra Hardware is on track for a late-January delivery!

Wow, so they arrive in approximately two weeks? 

Yessir!

Finally we wil get the machine and start mining. And our f1  f2 will get the dividends too?

[theterabyte]

I've spoken with Ravi, and out CoinTerra Hardware is on track for a late-January delivery!

Wow, so they arrive in approximately two weeks? 

Yessir!

Finally we wil get the machine and start mining. And our f1  f2 will get the dividends too?

That's a great question - historically we have had delays which have been attributed to havelock not moving as fast as we like.  Are there any potential blockers to F1 and F2 converting, or is it self-service and you can just click a button, Garr?

[snowdropfore]

I've spoken with Ravi, and out CoinTerra Hardware is on track for a late-January delivery!

Wow, so they arrive in approximately two weeks? 

Yessir!

Finally we wil get the machine and start mining. And our f1  f2 will get the dividends too?

That's a great question - historically we have had delays which have been attributed to havelock not moving as fast as we like.  Are there any potential blockers to F1 and F2 converting, or is it self-service and you can just click a button, Garr?

And we have to know how many shares including cog +cog-f1+cog-f2 do we have?

[snowdropfore]

I've spoken with Ravi, and out CoinTerra Hardware is on track for a late-January delivery!

Wow, so they arrive in approximately two weeks? 

Yessir!

Finally we wil get the machine and start mining. And our f1  f2 will get the dividends too?

That's a great question - historically we have had delays which have been attributed to havelock not moving as fast as we like.  Are there any potential blockers to F1 and F2 converting, or is it self-service and you can just click a button, Garr?

And we have to know how many shares including cog +cog-f1+cog-f2 do we have?

is that info posted on the website?

no i don't think so. maybe 20000 shares??

[stslimited]

gotta admit, Cognitive is now worth more since Activemining is not delivering and has nothing.

Just leaves Cointerra and KncMiner for the next quarter

[superresistant]

Now that the delivery is confirmed, COGNITIVE shares are the best investment considering the price.
You easily double/triple your investment in two weeks. Even kakobrekla is buying.

[Newar]

Now that the delivery is confirmed, COGNITIVE shares are the best investment considering the price.
You easily double/triple your investment in two weeks. Even kakobrekla is buying.

Confirmed? Not the " two weeks ™ "?

[Tafelpoot]

Garret you had promised a financial report in December. Where is it?
What actions have you taken so far to increase transparency and accountability?
Shouldn't you take care of all this before your workload increases in 2 weeks?

[snowdropfore]

 http://cointerra.com/engineering-updates-terraminer-iv-hashing-live ，cointerra is going to be topone。hope we can get the machine asap

[btcboston]

Garret you had promised a financial report in December. Where is it?
What actions have you taken so far to increase transparency and accountability?
Shouldn't you take care of all this before your workload increases in 2 weeks?

There is no transparency nor accountability.

I am, quite frankly, stunned that people are still willing to invest money in this sham of a company.

[superresistant]

Garret you had promised a financial report in December. Where is it?
What actions have you taken so far to increase transparency and accountability?
Shouldn't you take care of all this before your workload increases in 2 weeks?

There is no transparency nor accountability.
I am, quite frankly, stunned that people are still willing to invest money in this sham of a company.

We already invested in. Quitting right now, at that price and knowing that the hardware we've been waiting for months will be online in few days would be retarded.
Anyway no one is forced to invest anything. You do what you want, you're a grown up man.

[kakobrekla]

Garret you had promised a financial report in December. Where is it?
What actions have you taken so far to increase transparency and accountability?
Shouldn't you take care of all this before your workload increases in 2 weeks?

There is no transparency nor accountability.
I am, quite frankly, stunned that people are still willing to invest money in this sham of a company.

We already invested in. Quitting right now, at that price and knowing that the hardware we've been waiting for months will be online in few days would be retarded.
Anyway no one is forced to invest anything. You do what you want, you're a grown up man.

LMFAO. Are you planning to do a one-man show soon? I would like to see it.

[theterabyte]

I've spoken with Ravi, and out CoinTerra Hardware is on track for a late-January delivery!

Wow, so they arrive in approximately two weeks? 

Yessir!

Finally we wil get the machine and start mining. And our f1  f2 will get the dividends too?

That's a great question - historically we have had delays which have been attributed to havelock not moving as fast as we like.  Are there any potential blockers to F1 and F2 converting, or is it self-service and you can just click a button, Garr?

And we have to know how many shares including cog +cog-f1+cog-f2 do we have?

is that info posted on the website?

no i don't think so. maybe 20000 shares??

The current numbers of claimed shares on havelock are as follows:
9577 COG shares plus 96 COG.F1 plus 95 COG.F2, which would result in a total of 13397 claimed shares.

However, I am thought there were originally 10420 shares total on BTCT and 100 COG.F1 and 600 of COG.F2, which would yield 24,420 shares.  I might be misremembering because I thought I had calculated 26,420 as the total number of shares at some point (and I think that is what I used in all my calculations I posted in Nov/Dec).  It might be that not all of these shares were actually sold, however.  I can safely say the upper limit on shares is 26,420 and the lower limit is probably 14000, and the best guess is probably ~20,000.  Again, it'd be really nice of Garr could give us an official answer on that.

[theterabyte]

not all COG.F 2 sold??

It is sad we have to speculate on stuff like this.

Why is it not listed somewhere?

Remember initially there were 100 shares of Cog.F2 then Garr posted 500 additional shares, but then people were like "wtf, no motion", so then he paused trading and raised a motion... i forget what eventually happened with it, I think before anything else happened after that, BTCT announced closure and the resulting mess just obscured the details.  There were  suddenly *way* more important things to worry about than how many COG.F2 shares were sold (the effort was to raise a second order from cointerra at the time, if I remember correctly...)

EDIT:  btct.co is still up for legacy data, according to: https://btct.co/security/COG.F2 and https://btct.co/security/COG.F and https://btct.co/security/COGNITIVE there are 100 outstanding shares of COG.F2, 100 outstanding shares of COG.F1, and 10420 shares of COGNITIVE.  This means if these numbers are accurate, 92.9% of all shares have been claimed, and the total after COG.F1 and COG.F2 make will be 14420, which means all the numbers I ran in the past are actually under-estimates because I was assuming 26k shares I think.

Using the current diff of 1790mil, assuming a total hashrate of 28.75TH/s, if we got the machines today, we would project:

1.0/(1.790*1000*1000*1000*(2**32)/(28.75*1000*1000*1000*1000)/(60*60*24))*(25) => 8.077532385980616 BTC/day

This, at 14420 shares and 50% going to the reinvestment fund, means a dividend of 0.00196 per week, not including whatever the scrypt miners get us.  After the next difficulty increase, assuming 30%, the calculation yields 0.00151 BTC/week per share.  If we assume 30% network growth every 2 weeks, this means we would make 0.0085BTC/share over the first 2 months.  Given that there is considerable support at a current share price of 0.06 - 0.08, which would imply a return of 10% in just 2 months, I think COG is a very good value at the current prices and prices as high as 0.12 could be supported.  Once the hardware is received and confirmed hashing, and the majority of the risk is dispelled, I wouldn't be surprised to see 0.2 or 0.25 - but of course, this is not investment advice, just me dicking around with numbers.