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

[investr]

I'm kind of hard up on money right now, so if he gives you the 25BTC can I have like 5 for doing the heavy lifting?  

[investr]

So that's a yes right? I did the shareholders a service!

[robitnik]

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

When this was posted I had well over 225 shares. The motion was closed. I had every reason to expect it was closed.

Actually, Goat, you make a good point with the question: When was the official end time of the motion?

It turns out, if you refer back to the official motion email:

Motion Start Date: 3-20-2014
Motion End Date: 3-27-2014 8:00 PM PST (GMT -7)

Therefore the entire vote tally is inaccurate, since share ownership was calculated only hours ago.

According to those dates, share ownership should have been calculated while trading on Havelock was still frozen.

IIRC, there were 2 motions.
The first was the one with the start date 20th of March.
Motion was "Liquidate YES/NO" and came back as No

The second was started on the 27th to finish today.
Motion was "Pay Hosting/Liquidate". It came back as not to liquidate.

[El Cabron]

The second was started on the 27th to finish today.

Not True. Cog-PR said it had ended yesterday. I quoted him. I sold after he said it had ended and the results would be posted.

Garr clearly owes me a public apology or 25 BTC.

Garr if you pay the 25 BTC I will donated it to a charity and will make the transaction public. However I doubt you will man up and pay out.

[investr]

Ah you are sort of right robotnik. One had start and end times, the other did not (but we could probably assume 7 days). Here are the two motions.

Motion Start Date: 3-20-2014
Motion End Date: 3-27-2014 8:00 PM PST (GMT -7)

Motion Terms:
- Refer to the most recent revision of the contract: http://cognitivemining.com/contract.html

Liquidation Terms:
- As always, one share = one vote
- If over 90% of votes are to liquidate their hardware, all of Cognitive's assets will be liquidated.
- If under 10% of votes are to liquidate their hardware, none will be liquidated.
- Shareholders have the option to liquidate 50% of owned shares.
- Cognitive will do it's best to sell hardware for the highest price possible while maintaining the goal of selling within one week, so as to provide a quick turnaround for those wishing to liquidate.

Something that should only be shared among shareholders: Soon, we will have the option to purchase in-stock hardware from Hashfast for under $3 per gh. We will Never send them money for hardware not being shipped the same day.

The forum is increasingly bloated so I will be making all important announcements via email.

As previously implied, things will be getting increasingly better for Cognitive after this hardware gets online, and those who want out can easily liquidate their hardware.

Please reply to vote with the following format and we will take care of the rest:

Motion: YES/NO
Liquidate: YES/NO

Best regards, and my sincere apologies,
Garrett

And then emailed March 27, 2014 12:29PM:

It is now necessary for Cognitive to pay for hosting fees directly, as opposed to me using my personal dividends to do this.

Vote "YES" for the reserve fund to cover hosting expenses from the time my personal dividends were insufficient forward.
Vote "NO" to liquidate all Cognitive mining assets and disperse via a large dividend.

Best,
Garrett

So which one is the google doc for? My votes were counted for the second one.

[El Cabron]

we could probably assume 7 days

No we can not. It has not even been 7 days. And the Cog-PR guy said it was over and Garr agreed we needed to sell everything off.

[investr]

I'm saying we can safely assume 7 days because that was agreed on in one form or another in the past, once we moved away from the 2 week thing, and also based off the fact that the first motion was 7 days.

[robitnik]

The second was started on the 27th to finish today.

Not True. Cog-PR said it had ended yesterday. I quoted him. I sold after he said it had ended and the results would be posted.

Garr clearly owes me a public apology or 25 BTC.

Garr if you pay the 25 BTC I will donated it to a charity and will make the transaction public. However I doubt you will man up and pay out.

It would be a lot easier to find if you'd stop deleting your posts  

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

It could be argued that he's talking about the current results not necessarily the final results.

Edit: And the 27th was 7 days ago.

[El Cabron]

I'm saying we can safely assume 7 days because that was agreed on in one form or another in the past, once we moved away from the 2 week thing, and also based off the fact that the first motion was 7 days.

How can we assume 7 days if he already said the vote was over yesterday and counted them today? 7 days and we still have 2 more days. If that is the case I could buy 500 shares now and still win. That is a bit silly eh?

[investr]

Then do it because the second motion is not over yet. Historically I'm pretty sure we've been having 7 day votes.

Based on the facts I see so far, we have voting results for the second motion I posted but not the first one. Is this correct?

[stabs]

All, who really cares about the bogus motions.  The fact is we need to liquidate.

If you disagree with liquidation please show me a way out and how it's going to be better to keep this operation going?

Anyone?

[El Cabron]

It could be argued that he's talking about the current results not necessarily the final results.

In any event Garr clearly thinks we should close up. It would be best just to have the vote again. Clearly Garr has had the units for well over a month and has not been able to get them running, even with paying $9,000 plus shipping for hosting.

Honestly the reason why Garr is unable to close Cog is that I know he is pretty much underwater here. He owes just about as much as he can sell the units for. If he does sell of the units and pay us out, there will be almost nothing. People will get upset. He is just trying to buy time.

Edit: This is assuming he has not just been stealing our mining power. Honestly I think Garr is too dumb to not figure out how to turn on the CT boxes. They are very easy to operate.

[El Cabron]

All, who really cares about the bogus motions.  The fact is we need to liquidate.

If you disagree with liquidation please show me a way out and how it's going to be better to keep this operation going?

Anyone?

Sell your shares to a greater fool. That is what others want to do. They know if they close it now, they can't get the .6 BTC they paid. Peace comes with accepting your loss. Do not worry about Garr, Karma is a bitch.

[robitnik]

It could be argued that he's talking about the current results not necessarily the final results.

In any event Garr clearly thinks we should close up. It would be best just to have the vote again. Clearly Garr has had the units for well over a month and has not been able to get them running, even with paying $9,000 plus shipping for hosting.

Honestly the reason why Garr is unable to close Cog is that I know he is pretty much underwater here. He owes just about as much as he can sell the units for. If he does sell of the units and pay us out, there will be almost nothing. People will get upset. He is just trying to buy time.

Edit: This is assuming he has not just been stealing our mining power. Honestly I think Garr is too dumb to not figure out how to turn on the CT boxes. They are very easy to operate.

Have you sold all your CT machines yet or are you keeping some?

[El Cabron]

It could be argued that he's talking about the current results not necessarily the final results.

In any event Garr clearly thinks we should close up. It would be best just to have the vote again. Clearly Garr has had the units for well over a month and has not been able to get them running, even with paying $9,000 plus shipping for hosting.

Honestly the reason why Garr is unable to close Cog is that I know he is pretty much underwater here. He owes just about as much as he can sell the units for. If he does sell of the units and pay us out, there will be almost nothing. People will get upset. He is just trying to buy time.

Edit: This is assuming he has not just been stealing our mining power. Honestly I think Garr is too dumb to not figure out how to turn on the CT boxes. They are very easy to operate.

Have you sold all your CT machines yet or are you keeping some?

I have 5 left, the others sold between $11,000 and $13,000. But they really are so easy to run. You plug them in, upload a file (something I sent Garr personally) and then you walk away. I have had two cores go down in the two months I have had them. To fix it, you just unplug and then plug them back in. What Garr is doing with the some times they work, some times they don't is clearly a joke. If he can get them running they should stay running. He has made so much BTC off of this it is not even funny. You guys do what you will but I know what is going on and I will take the correct action the only way I know how. He might have tricked you all, but he did not trick me.

Edit: They are so easy to run, and care free I have my father run my CT units. All he does is check if the light are blinking. If they are not, he un plugs them and plugs them back in. He checks every other day or so. For Garr to be so fail he can not get these to stay running, lulz.

[stabs]

My shares are up and currently the lowest price. (outside of the bots undercutting)

Those who voted to not liquidate please buy the shares since you will make so much money keeping this operation going!

[#gWanairyLOL]

This thread is now a bully free zone. If you are a bully, please leave.

[freedomno1]

My shares are up and currently the lowest price. (outside of the bots undercutting)

Those who voted to not liquidate please buy the shares since you will make so much money keeping this operation going!

Looks at those bots and is like wait the Bots aren't undercutting then goes nope they were napping nvm
Anyways so what happens now to COG keeps mining I presume

[#gWanairyLOL]

Anyways so what happens now to COG keeps mining I presume

Keeps? If Cog was mining we would not have any problems.

Anyway where are the dividends Garr said we would get today?

From what it looks like, you've put in enough time today. Take a chill. Kick back and relax.

[freedomno1]

Anyways so what happens now to COG keeps mining I presume

Keeps? If Cog was mining we would not have any problems.

Anyway where are the dividends Garr said we would get today?

Woops your right should have clarified when it is presumed to be mining that is lols