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

[stochastic]

Ah I thought the ipo was .55 that's why. Surprised because I originally bought in at .63 so there's been a lot of variation in the past couple weeks.

Shortly after the IPO, it appears the majority shareholder of Cognitive tried to dump almost the entire stock @ .55. The bid's still there, without much eaten. Massive askwalls like that create strong downward pressure -- they're either dumb or malicious. Similar thing happened a couple days ago with Gigamining (on a much smaller scale in terms of % of total stock in the askwall). Giant askwall @ 1.5, and others who want to sell need undercut, while potential investors don't see potential movement other than down below the askwall. I'd love to take on more Gigamining @ 1.5, but a 4400 BTC askwall at the same price makes me wonder how long I'll have to wait to be able to sell it at a profit even though I think it's undervalued. With that said - if I had 4.4k BTC, I'd devour that askwall. Same with Cognitive.

It was 0.65 and has been lowered to 0.55 in the last few days. This effectively makes Cognitive undervalued, and a great deal for anyone who missed the IPO. I'm going to buy 10btc worth right now.

I'm planning on expansion soon, so let's try to take down the wall!

Edit: Cognitive has some extra funds just sitting in a wallet. Are there any objections to buying Cognitive shares with that with the Cognitive account thus increasing dividends?

Edit: I just threw everything I have at the wall, bringing it down to 2297.

Where did the money come from?  The dividends from the 500 shares?

[investr]

That was really informative thanks for sharing that, Kluge. friedcat, can you elaborate on the evaluated return and how that corresponds to the .55 price point, as well as how the valuation of bonds are different?

[Garr255]

Ah I thought the ipo was .55 that's why. Surprised because I originally bought in at .63 so there's been a lot of variation in the past couple weeks.

Shortly after the IPO, it appears the majority shareholder of Cognitive tried to dump almost the entire stock @ .55. The bid's still there, without much eaten. Massive askwalls like that create strong downward pressure -- they're either dumb or malicious. Similar thing happened a couple days ago with Gigamining (on a much smaller scale in terms of % of total stock in the askwall). Giant askwall @ 1.5, and others who want to sell need undercut, while potential investors don't see potential movement other than down below the askwall. I'd love to take on more Gigamining @ 1.5, but a 4400 BTC askwall at the same price makes me wonder how long I'll have to wait to be able to sell it at a profit even though I think it's undervalued. With that said - if I had 4.4k BTC, I'd devour that askwall. Same with Cognitive.

It was 0.65 and has been lowered to 0.55 in the last few days. This effectively makes Cognitive undervalued, and a great deal for anyone who missed the IPO. I'm going to buy 10btc worth right now.

I'm planning on expansion soon, so let's try to take down the wall!

Edit: Cognitive has some extra funds just sitting in a wallet. Are there any objections to buying Cognitive shares with that with the Cognitive account thus increasing dividends?

Edit: I just threw everything I have at the wall, bringing it down to 2297.

Where did the money come from?  The dividends from the 500 shares?

That, my personal miners, making PirateBoxes for people, and I sold a GPU.

[HorseRider]

Ngzhang is going to sell his new FPGA mining rigs. If it is purchased in bulks, then discount will be available. Garr, what'your opinion about it?

[TheSeven]

Ngzhang is going to sell his new FPGA mining rigs. If it is purchased in bulks, then discount will be available. Garr, what'your opinion about it?

Well, my opinion (aside from my involvement with an FPGA board vendor) is that it generally doesn't make much sense to expand while that ask wall is still there...

[Garr255]

Ngzhang is going to sell his new FPGA mining rigs. If it is purchased in bulks, then discount will be available. Garr, what'your opinion about it?

I haven't been following lancelot's development much. I've been looking more toward a mini rig or two.

I'll do some research and get back to you.

TheSeven, I agree. Does anybody have some metaphorical dynomite?

[stochastic]

Ngzhang is going to sell his new FPGA mining rigs. If it is purchased in bulks, then discount will be available. Garr, what'your opinion about it?

I haven't been following lancelot's development much. I've been looking more toward a mini rig or two.

I'll do some research and get back to you.

TheSeven, I agree. Does anybody have some metaphorical dynomite?

For those that see a wall keeping the price from rising, others see an anchor keeping the price from going down.  If there was demand for Cognitive then those 2000 asks at 0.55 would be gone.  You could increase demand by showing shareholder value.  This is a mining company, not a bond, so having detailed accounting with the actual value of the company would allow potential investors to see if the company is cheap or overpriced at the current share value.  I would say to publish a monthly report estimating the current value of the mining rigs, cash on hand, and any other asset value for all to see.

[Kluge]

Ngzhang is going to sell his new FPGA mining rigs. If it is purchased in bulks, then discount will be available. Garr, what'your opinion about it?

I haven't been following lancelot's development much. I've been looking more toward a mini rig or two.

I'll do some research and get back to you.

TheSeven, I agree. Does anybody have some metaphorical dynomite?

For those that see a wall keeping the price from rising, others see an anchor keeping the price from going down.  If there was demand for Cognitive then those 2000 asks at 0.55 would be gone.  You could increase demand by showing shareholder value.  This is a mining company, not a bond, so having detailed accounting with the actual value of the company would allow potential investors to see if the company is cheap or overpriced at the current share value.  I would say to publish a monthly report estimating the current value of the mining rigs, cash on hand, and any other asset value for all to see.

If I had 1.1k BTC on-hand, I would've taken down the wall. I'm not going to put in 100BTC knowing there's still a 1k askwall which may not be able to be taken down for weeks.

[Garr255]

Stochastic, that will be coming soon. I'm going to do a full report every two months.

Kluge, PMing you.

I think getting some of the 4x Spartan-6 boards is our best bet right now, because nobody knows how long we'll be waiting on BFL.

[Kluge]

Askwall's almost down after octupling my position. 

[friedcat]

That was really informative thanks for sharing that, Kluge. friedcat, can you elaborate on the evaluated return and how that corresponds to the .55 price point, as well as how the valuation of bonds are different?

Detailed explanation of the underlying reason will be very complicated and controversial.

If we just look at the fact. It's something like:

mining bonds > Cognitive > other mining stocks

You could see the dividends paid by each asset from GLBSE and evaluate them yourself.

[Garr255]

This week's dividends will be a bit lower than usual, because of the internet downage throughout Northern Idaho that lasted nearly a day.

Apologies,
Garrett

[Garr255]

Switching over to Clipse's 110% pool today.

Payout address will be: 1DfGiAHbW1jV8i4ZRcFpR6CGRkWnmdYdFb

His pool has issues with MPBM. Back to Eligius for the moment.

[ciuciu]

Why don't you switch to GPUmax instead?

Switching over to Clipse's 110% pool today.

Payout address will be: 1DfGiAHbW1jV8i4ZRcFpR6CGRkWnmdYdFb

[TheSeven]

Why don't you switch to GPUmax instead?

Switching over to Clipse's 110% pool today.

Payout address will be: 1DfGiAHbW1jV8i4ZRcFpR6CGRkWnmdYdFb

Because GPUMAX hasn't been really working for months now and thus isn't likely to make 110% on average?

[ciuciu]

You are wrong. It is working great and is making much more then that.

Why don't you switch to GPUmax instead?

Switching over to Clipse's 110% pool today.

Payout address will be: 1DfGiAHbW1jV8i4ZRcFpR6CGRkWnmdYdFb

Because GPUMAX hasn't been really working for months now and thus isn't likely to make 110% on average?

[Kluge]

You are wrong. It is working great and is making much more then that.

Why don't you switch to GPUmax instead?

Switching over to Clipse's 110% pool today.

Payout address will be: 1DfGiAHbW1jV8i4ZRcFpR6CGRkWnmdYdFb

Because GPUMAX hasn't been really working for months now and thus isn't likely to make 110% on average?

Yeah... You might not get bids, but even then you still get the pool-hopping rate probably similar to Clipse. I mined at GPUMax for a couple weeks without problem, but the couple weeks I tried Clipse (and this was around launch, fwiw -- doubt it's like this today), I quit after a couple weeks because the losses from downtime cost way more than the extra he was paying. I haven't read about either of them in months, though, so my post is obsolete... enjoying the calm of mining @ EMC & Ozco.in.

[ciuciu]

Try GPUmax again. After the update it is working perfect for me.

You are wrong. It is working great and is making much more then that.

Why don't you switch to GPUmax instead?

Switching over to Clipse's 110% pool today.

Payout address will be: 1DfGiAHbW1jV8i4ZRcFpR6CGRkWnmdYdFb

Because GPUMAX hasn't been really working for months now and thus isn't likely to make 110% on average?

Yeah... You might not get bids, but even then you still get the pool-hopping rate probably similar to Clipse. I mined at GPUMax for a couple weeks without problem, but the couple weeks I tried Clipse (and this was around launch, fwiw -- doubt it's like this today), I quit after a couple weeks because the losses from downtime cost way more than the extra he was paying. I haven't read about either of them in months, though, so my post is obsolete... enjoying the calm of mining @ EMC & Ozco.in.

[rjk]

It's easiest to do both - use GPUMAX as your primary pool, and set the non-work pool from GPUMAX as Clipse's server, so when public work isn't being processed you can failover to Clipse's setup. That is GPUMAX internal passthrough, so if they die you won't be able to pass through to Clipse, so make sure you set a failover pool on your rig(s) as well. Your first failover could be Clipse, your second could be EMC or Ozcoin.

[Garr255]

Clipse's pool doesn't like MPBM; switching to GPUmax with Eligius backup both with 1DfGiAHbW1jV8i4ZRcFpR6CGRkWnmdYdFb