zero3112
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April 01, 2014, 07:35:25 AM |
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Almost all of the mining operations have turned out to be scams. None of them have turned a profit.
False. See asicminer. I said almost all.
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runam0k
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Activity: 1092
Merit: 1001
Touchdown
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April 01, 2014, 08:18:39 AM |
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So... has the vote closed?
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Tafelpoot
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April 01, 2014, 08:24:31 AM |
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Garrett promised us free / the cheapest hosting on the planet with electricity rates around 0.06 usd/kWh. Months later and two weeks after the first pieces of hardware arrive he changes this to 0.37 usd/kWh. This operation is not viable anymore...
You are naive if you think that difficulty will stabilize at (or below) 25b (a 5-fold of what it is now). Not even a price drop to 100 usd would cause that. It will be somewhere around 60b - 300b.
Add the fact that 50 btc went missing in November "because we were very unlucky" and another 100 btc last 2 months "due to the hardware failing, no time to reboot it, too busy making HF website". I start wondering if even the BFL delay we experienced ("they didn't ship on friday") was true.
Sam / Garrett, why the radio silence?
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silverfuture
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Activity: 947
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central banking = outdated protocol
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April 01, 2014, 07:33:27 PM |
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Talked to Havelock support. They say they are waiting for information from the fund operator and hope to reopen trading soon.
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theterabyte
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Activity: 118
Merit: 10
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April 02, 2014, 12:52:28 AM |
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I originally voted against liquidation but I am inclined to change my vote (given the recent "mathing" - which though I haven't verified, looks legit). Garr, Sam, if you have a counter-argument to "300BTC versus 50BTC", you should post it now, or expect a flood of vote changing. =/
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My Bitcoin Tip Jar: 11Ws5nzwy44cMcymu6ddRxdp9uvDonNqB
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Cognitive-PR
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April 02, 2014, 01:41:00 AM |
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I originally voted against liquidation but I am inclined to change my vote (given the recent "mathing" - which though I haven't verified, looks legit). Garr, Sam, if you have a counter-argument to "300BTC versus 50BTC", you should post it now, or expect a flood of vote changing. =/
Garrett agrees with the math. Assuming these calculations are correct, it seems that our best option is to liquidate. Garrett is going to post the current results of the motion on the Cognitive Mining website tonight. More updates to come. - Samuel
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El Cabron
Gnomo
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Hero Member
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Activity: 840
Merit: 1000
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April 02, 2014, 01:51:40 AM |
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I originally voted against liquidation but I am inclined to change my vote (given the recent "mathing" - which though I haven't verified, looks legit). Garr, Sam, if you have a counter-argument to "300BTC versus 50BTC", you should post it now, or expect a flood of vote changing. =/
Garrett agrees with the math. Assuming these calculations are correct, it seems that our best option is to liquidate. Garrett is going to post the current results of the motion on the Cognitive Mining website tonight. More updates to come. - Samuel
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stabs
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Merit: 10
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April 02, 2014, 05:38:29 AM |
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I originally voted against liquidation but I am inclined to change my vote (given the recent "mathing" - which though I haven't verified, looks legit). Garr, Sam, if you have a counter-argument to "300BTC versus 50BTC", you should post it now, or expect a flood of vote changing. =/
Garrett agrees with the math. Assuming these calculations are correct, it seems that our best option is to liquidate. Garrett is going to post the current results of the motion on the Cognitive Mining website tonight. More updates to come. - Samuel Please also remove Garrett's shares from the mass dividend when we liquidate. It's the least he could do for causing massive losses for everyone.
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elasticband
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Activity: 1036
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Nighty Night Don't Let The Trolls Bite Nom Nom Nom
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April 02, 2014, 06:11:10 AM |
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elasticband
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Activity: 1036
Merit: 1000
Nighty Night Don't Let The Trolls Bite Nom Nom Nom
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April 02, 2014, 06:33:33 AM |
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samuel kern, your pictures don't really make for as good memes as Garrets.
You are quite young to be married no? Proudest moment for Olivia's life when you went to work for cognitive mining?
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superresistant
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Activity: 2156
Merit: 1131
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April 02, 2014, 06:45:09 AM |
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samuel kern, your pictures don't really make for as good memes as Garrets. You are quite young to be married no? Proudest moment for Olivia's life when you went to work for cognitive mining?
It's getting too personal IMO.
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elasticband
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Merit: 1000
Nighty Night Don't Let The Trolls Bite Nom Nom Nom
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April 02, 2014, 06:46:59 AM |
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samuel kern, your pictures don't really make for as good memes as Garrets. You are quite young to be married no? Proudest moment for Olivia's life when you went to work for cognitive mining?
It's getting too personal IMO. Kids and their PUBLIC facebook pages. If you don't want it to be public, don't bring it to the internet.
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superresistant
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Activity: 2156
Merit: 1131
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April 02, 2014, 06:49:31 AM |
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samuel kern, your pictures don't really make for as good memes as Garrets. You are quite young to be married no? Proudest moment for Olivia's life when you went to work for cognitive mining?
It's getting too personal IMO. Kids and their PUBLIC facebook pages. If you don't want it to be public, don't bring it to the internet. Kids don't understand Internet privacy but that doesn't mean they don't care. But well whatever...
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superresistant
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Activity: 2156
Merit: 1131
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April 02, 2014, 11:59:32 AM |
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you can see many months ago labcoin, activemining, cognitive warning flags all over I don't know how these guys manage to get investors?
Cognitive has been mining for years. It only failed recently.
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havelock
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April 02, 2014, 05:20:27 PM |
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FOR IMMEDIATE RELEASE: Cognitive Mining (COG) will resume trading starting 12:00 EST on Thursday April 3,2014. All previous orders have been cleared!
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investr
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April 02, 2014, 05:22:17 PM Last edit: April 02, 2014, 05:32:20 PM by investr |
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You are both unprofessional and untrustworthy! No more business for you! Edit: Given the current situation I'd like to point out the literal hilarity of: FOR IMMEDIATE RELEASE: [Not Cognitive Mining] Also the figurative hilarity that you say "FOR IMMEDIATE RELEASE" like this is some sort of PR announcement. You don't have any public relations with this segment of customers because you've ruined those relations. A real PR announcement should have been made during the freezing of the asset, and posted under "What's New" of your front page with an explanation of why you would take such actions and your policy on taking such actions. That's what a company with integrity does.
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zero3112
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April 02, 2014, 08:24:12 PM |
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are the units for sale now? listed where?
Who said they where listed.
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hephaist0s
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April 02, 2014, 09:36:07 PM |
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I don't really want to wade into this, but -- resuming trading on Havelock is good, as it gives people more options, if nothing else.
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Tips graciously accepted on my behalf by Mr. Pig. | object2212.com | BTC:1H78y8FVeQrWY6KnxA6WLFQGUoajCuiMAu | ETH:0x3c1bC39EC7F3f6b26ACb6eeeEFe7dE2f486a72E9
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elasticband
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Activity: 1036
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Nighty Night Don't Let The Trolls Bite Nom Nom Nom
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April 02, 2014, 09:58:49 PM |
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Liquidating the assets for dollar and hoping to buy btc back at these lows is a gamble. Who knows how long it will take, garr has not said anything in over a week, so who knows whats going on really.
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elasticband
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Activity: 1036
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Nighty Night Don't Let The Trolls Bite Nom Nom Nom
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April 02, 2014, 10:08:59 PM |
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Whats the point when he has a production line in the top of the range hashfast 28nm to manage and sell....
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