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

[hephaist0s]

We're online at our full received capacity of 10th/s!

Seems we most definitely are not.
Why?
Is this the power cycle issue?

Cant describe how fucking frustrating it is peeking in on http://www.cognitivemining.com/charts/ right now...

Yes, it has been very frustrating to see the CT hardware be so unreliable. We are working on the problem, and the units should be up and hashing again sometime today.

- Samuel

History suggests it will only be hashing at full power for a few hours, then our rate will collapse back down to 1-2Th/s for the following 24 hours or longer, until someone can get back to it. Will anything different be done this time? Are we getting any closer to an environment in which the machines can be restarted or troubleshot more frequently than every few days?

[OgNasty]

That being said this CT hardware is shit and no one should buy it but free market I guess.

I'll admit that the heat/noise CT miners put off is far beyond what I expected...  As long as you keep them cool though, I haven't had any issues keeping mine online at 1.65TH/s.  When I originally got mine, I had placed it in an air conditioned closet with the rest of my mining equipment.  Without a direct line of cooled air, it would shut itself off requiring a hard reset.  Once I gave it a direct line of cooled air, it was all good.  I can't imagine the amount of space/cooling you would need to run the amount of hardware you purchased though.  Perhaps putting them outside somewhere cool & dry?  Also, I found that temperatures stayed the lowest when the power setting was at it's highest.  Strange, but true.  Hope that helps you find a cooling solution and helps calm your shareholders that these CT devices are essentially flaming leaf blowers requiring specialized care.

Garr, what temps are yours running at?  As long as I keep mine under 81 degrees Celsius (it sits at 75 now), it is rock solid.  Good luck!

[OgNasty]

None of mine run at 1.65, all are lower.

Also I don't mine more than four of them at the same place. The issue is clearly the hardware.

My lowest one mines at 1.2ish

What temps are yours operating at?  Granted, I am with you.  CoinTerra shipped a misrepresented product.  One of the reasons I ordered from them is because I was expecting a liquid cooled miner to be quieter/cooler.  I was even hoping I would be able to switch off my server closet AC unit to save on electricity.  My assumption was wrong on both counts. 

[CMMPro]

So...wtf, there are like literally 2 units running right now? (2.5TH)

[hephaist0s]

Would anyone like to do an analysis on what we haven't earned in the past week?

Really, truly, I don't want to be an unpleasant voice of unending criticism. These forums have plenty of that. But I have a whole menagerie of different  miners  running at my home, and they are not all reliable, but I get much better results than this. Peta-Mine, also, is running Cointerras, and they're able to make it work.

There is a solution to this that doesn't take a month to work out. Maybe some of these machines end up at friend's houses, or shareholder's homes, where they can be checked more frequently -- I don't know, I don't have enough information. But just letting them collapse and sit idle and blaming the manufacturer doesn't seem to be getting us anywhere.

I'm complaining because I want this to work.

[CMMPro]

I'm complaining because they have a responsibility to their shareholders.
Look at how much space there is under the 10Th line...that's how much money we have lost this week due to incompetence. 

Get off your asses and get these machines hashing....stop blaming the manufacturer, piss on them if you have to to cool them properly.

You are wasting the most profitable week of these miner's lives, next week it will be 20% less. 

[Tafelpoot]

We're online at our full received capacity of 10th/s!

For like 1 hour?

So...wtf, there are like literally 2 units running right now? (2.5TH)

For Cognitive, yes.

Tafelpoot, some of your requests were fulfilled before writing that post: http://cognitivemining.com/charts went live last night

(note: some funds in the 1cogx address are owed to me still, therefore will not be included in any dividends. I will make a payment out of the address to my personal one correcting the misrepresentation issue within an hour.)

In the meantime, Garrett is repaying another trench of his undisclosed "debt" on 2014-03-08 ... that was a long hour.

Your website says 4 btc + 12.41 reserve, while I see 22.5 btc in all announced 1cog addresses + havelock deposit.
Does it mean you will drain our reserves for another 6 btc, while we're mining at less than 10% the hash rate that was promised?

I'll ask again for the following to get the full picture:
- link to the tx of 682 btc (CT payment). the remaining balance will be the start value of the fund.
- sum of all dividends as of that moment up to today(which will be suspiciously low due to 2 months of no mining / "bad luck")
- link to the tx of 5-10 btc (litecoin payment) to be subtracted from this total.
- where do you put the withheld dividends from unclaimed shares + amount of unclaimed shares?


For those who like to read, go back to page 116 - 118:

Great idea!
Who was pumping the price today? 0.1BTC looked so close....

and check this temporary deposit to the Cognitive/Garrets havelock account (1Gw8oc): link.
... followed by several days of silence ...

[YoYa]

Note: There are 7 idle or no longer used workers that are not shown in the table:
TerraMiner1, TerraMiner2, TerraMiner3, TerraMiner4, TerraMiner5, TerraMiner6, TerraMiner7.

Piece of advice, in a normal corporate environment this would be classed as a P1 event with 24/7 coverage and hourly updates. At least one C-Class exec would be breathing down your dept. managers neck, and in turn that manager would be pissing hot lava in turn on to the team leaders, and in turn to the devs/support staff next in line. You have a market cap of approx 42K USD, this would be in line with a medium level contact in the environment I just mentioned, in turn meaning that you should really be showing signs of stress that Cointerra have sold you shit, which in turn means that we should have posts outlining comms from Cointera that they are taking your problem seriously and that you are really taking this seriously in keeping the stress up until the issue is resolved.

It ain't easy, but that's the reality in this line of work. But when you win and get your system fixed....it feels all the better.

Good luck, don't let us down - ฿0.04855132

[theterabyte]

Note: There are 7 idle or no longer used workers that are not shown in the table:
TerraMiner1, TerraMiner2, TerraMiner3, TerraMiner4, TerraMiner5, TerraMiner6, TerraMiner7.

Piece of advice, in a normal corporate environment this would be classed as a P1 event with 24/7 coverage and hourly updates. At least one C-Class exec would be breathing down your dept. managers neck, and in turn that manager would be pissing hot lava in turn on to the team leaders, and in turn to the devs/support staff next in line. You have a market cap of approx 42K USD, this would be in line with a medium level contact in the environment I just mentioned, in turn meaning that you should really be showing signs of stress that Cointerra have sold you shit, which in turn means that we should have posts outlining comms from Cointera that they are taking your problem seriously and that you are really taking this seriously in keeping the stress up until the issue is resolved.

It ain't easy, but that's the reality in this line of work. But when you win and get your system fixed....it feels all the better.

Good luck, don't let us down - ฿0.04855132

Am programmer, worked for a giant online retailer - can confirm.

Seriously, 10TH/s is supposed to be making $35/hr right now, or $820 a day.  This means if it costs you $1000 to keep these miners running for a week, you should PAY SOMEONE $1000.  Can you not find someone you can pay to spend 1-2 hours a day restarting machines, and monitoring them?  This comment is spot on, this is a "sev1" event, all-hands-on-deck.  If you own any significant percentage of this company at all, you are losing as much as us.  Take it from me, studies aren't everything - the experience of running this company is going to mean way more on your resume than As versus Cs in some classes.  And so is running it into the ground.  This is real life.  Don't ignore real life to go to school and implement a "Dinner" class and a "TurkeyDinner" subclass.  Silly examples are nothing compared to the real-world experience you are getting, but it doesn't seem to be going very well =(

I also agree that if you can't keep these machines running, you should consider selling them on ebay and paying cog holders the proceeds in dividends (or, into the reinvestment fund to buy more reliable miners).  The calculation is easy - if it takes you 2 weeks to get these miners reliably running, then you have lost almost 50% of their potential to earn coin.  If you can sell them for over 50% of their profit potential (and realistically, you can probably sell them for a lot more because of speculators) then you should maybe do that.

1.6TH/s at current diff => $944 this week, 708 the next week, 708 the next week, 531 the next week, 531 the next week, 398 the next week, 398 the next week... etc
13 week profit @25% bi-weekly network growth => $5600, and that is if they started working perfectly a few days ago.  Currently on Ebay, I see buy-it-now prices of $10k to $12k for CT units in hand.  This sounds like a no-brainer.

[superresistant]

Would it be better to just sell off all our hardware and send out all the dividends to all of us? No point in having state of the art hardware that is not running.

13 week profit @25% bi-weekly network growth => $5600, and that is if they started working perfectly a few days ago.  Currently on Ebay, I see buy-it-now prices of $10k to $12k for CT units in hand.  This sounds like a no-brainer.

If you can sell units for $12K each on ebay you must do it right now.

[investr]

Would it be better to just sell off all our hardware and send out all the dividends to all of us? No point in having state of the art hardware that is not running.

13 week profit @25% bi-weekly network growth => $5600, and that is if they started working perfectly a few days ago.  Currently on Ebay, I see buy-it-now prices of $10k to $12k for CT units in hand.  This sounds like a no-brainer.

If you can sell units for $12K each on ebay you must do it right now.

motion

[YoYa]

SLOW DOWN!!!

CT Units are not getting 12K off hand, and difficulty is not guaranteed to increase at the rates postulated!!!

Verify!
http://www.ebay.com/sch/i.html?_trksid=m570.l3201&_nkw=cointerra&_sacat=0

Most CT units are around the 6 - 8k mark, close to the return guessed on current rates.

Better value for Cog if we get those units running full time with someone paid to ensure it stays that way....but it needs to happen NOW

[PinkBatman]

The last 25 cointerra IV that sold on the bay located in the usa averaged $7368/unit

The last 13 averaged for $6870/unit

Last 6 averaged for $6687/unit

[superresistant]

CT Units are not getting 12K off hand, and difficulty is not guaranteed to increase at the rates postulated!!!
Verify!
http://www.ebay.com/sch/i.html?_trksid=m570.l3201&_nkw=cointerra&_sacat=0
Most CT units are around the 6 - 8k mark, close to the return guessed on current rates.
Better value for Cog if we get those units running full time with someone paid to ensure it stays that way....but it needs to happen NOW

Fine, we can put a fixed price of 12K (no bid) per units while we keep trying to run them.

[Garr255]

Datacenter delays are causing these problems. Typically, real estate of this large-scale nature is prepared months if not a year in advance and we are doing this in weeks. Everything will be operational within the coming week, but until then we have to do our best with our current resources. I will post the miners on ebay for 10 days and cancel if the 7 day motion does not pass.

If the motion to sell the units does not pass, we will be in a top-class tier-3 datacenter piggybacking on a larger operation, getting the cheapest power in the nation.

Best,
Garrett

[elasticband]

Mar 13 2014        3815.72M           10.55%      93% measured
Feb 28 2014   3,815,723,799   21.92%   27,314,015 GH/s
Feb 17 2014   3,129,573,175   19.39%   22,402,357 GH/s
Feb 05 2014   2,621,404,453   19.49%   18,764,744 GH/s
Jan 24 2014   2,193,847,870   22.59%   15,704,175 GH/s
Jan 13 2014   1,789,546,951   26.16%   12,810,076 GH/s
Jan 02 2014   1,418,481,395   20.12%   10,153,885 GH/s
Dec 21 2013   1,180,923,195   30.01%   8,453,378 GH/s
Dec 10 2013   908,350,862   28.41%   6,502,229 GH/s
Nov 29 2013   707,408,283   16.07%   5,063,826 GH/s
Nov 17 2013   609,482,680   19.29%   4,362,847 GH/s
Nov 05 2013   510,929,738   30.70%   3,657,378 GH/s
Oct 26 2013   390,928,788   46.02%   2,798,377 GH/s (knc batch 1, we may never see a spike like this again)
Oct 16 2013   267,731,249   41.45%   1,916,495 GH/s (knc batch 1, we may never see a spike like this again)
Oct 06 2013   189,281,249   27.19%   1,354,928 GH/s


Difficulty changes have been getting lower, this difficulty re-target is going to be around 10-12%

[stabs]

Datacenter delays are causing these problems. Typically, real estate of this large-scale nature is prepared months if not a year in advance and we are doing this in weeks. Everything will be operational within the coming week, but until then we have to do our best with our current resources. I will post the miners on ebay for 10 days and cancel if the 7 day motion does not pass.

If the motion to sell the units does not pass, we will be in a top-class tier-3 datacenter piggybacking on a larger operation, getting the cheapest power in the nation.

Best,
Garrett

Are you saying all Cointerra miners will work 100% when you move them to the new location?  This is strictly a power issue or cooling issue and the new facility will afford plenty of both?

[superresistant]

Are you saying all Cointerra miners will work 100% when you move them to the new location?  This is strictly a power issue or cooling issue and the new facility will afford plenty of both?

It's a cooling issue but IMO it is better to sell the units for a high price now and re-invest for better hardware later.

[theterabyte]

I think the average price under 8k and the (likely) lower future diff increases make selling a much less clear choice.  I like the idea of seeing if we get any bites at 10-12k while continuing to *aggressively* work to make these machines operational.  If power and cooling is really the issue and it will all be magically fixed in a week, that is unfortunate that we are losing a week, but I still believe we can come out ahead in the long run since lower diffs means these units can be profitable to run for a longer period of time...  I hope folks are right and the diff increase is going to be closer to 10% most periods...

[Lloydimiller4]

Save them and use them IMO, but do get them running quickly. Burning money by not having them run is a piss-poor investment. Garret should buy a remote managed PDU so he can power cycle the units over the network.