Topic: Starting a new FPGA mining farm/contract! Cognitive Resurrected on[Havelock] - page 101. (Read 300616 times)

After Garr's incident with Josh from BFL, i wouldn't be surprised if our date got dramatically adjusted.

For the record I have a facebook friend that ordered singles upgrades on the 21'st of July last year and got the tracking number today. 

Since it has traded for quite a bit over the original 2.5 btc price, it could be refunded at 2.5, converted to shares anyways (better to dillute share holders by ~1% than screw over a bunch of new investors maybe?) or some other compromise might be reached.  My point was just to do back-of-the-envelope calculations and the worst-case for shareholders is they get 0 hashing power and still get diluted, and even despite that the numbers are still very good.

I agree, the main question here is how 3000BTC equals 1PH.  If Garr has managed to get us a deal like that, we're gonna have to start making Garr for President T-shirts, AM I RITE?

Probably only in the part where we buy 1P for 3000btc, but I can't wait for that explanation.

Today, COG has 10420 shares and ~500GH.  Once the BFL equip arrives, that'll be about 1TH.

There are (100*20=) 2000 future shares in COG.F and (700*20=) 14000 future shares in COG.F2

After BFL equipment, today's COG share will earn 50% dividends on (1000GH/s / 10420) => 96MH/s, or about (50% of 0.0049 BTC=) 0.0025 BTC per week, or an annualized return of of 0.13BTC (41% of value as of this writing).

if COG.F *and* COG.F2 both were realized, and COG.F added zero hashing power (not including it because I don't know how much hasing power we have ordered and things look uncertain we will ever get it), and COG.F2 added 1000 TH/s, we would have:

10420 + 2000 + 14000 = 26420 total shares
1001 TH/s total hash power

Each share would get 50% of the dividends from (26420 / 1001 =) 26.4TH/s

If this happens in december, *and* difficulty continues to raise 30% every 2 weeks, difficulty would be (65mil * (1.3**8 ) = ) 530 mil by end of december.  At this diff, each share earns (26.4TH @530mil => 25BTC/day =>) 87BTC/week.

It seems unlikely cognitive can dump 1PH/s on the network without the network growing by an even larger amount, so let's suppose the diff is 10X higher than current exponential projections.

26.4TH/s @ 5.3bil => 2.51 BTC/day => 8.785 BTC/week.  Still an insane div.

Even if the network is 100 times its current size in just 4 months, if we had 1000TH/s each share would earn 3x its current value in dividends each week.

So there's some numbers I made up for you.  Anyone see any mistakes?
EDIT: sunglasses in my equations

even talking chips only in amounts of 50pcs - 25T/H (highest publicly listed) comes to BTC1175, you'd need 40 batches for a P/H or BTC47000 so that's a discount of BTC44,000 or $5,232,000.

https://btct.co/security/COG.F2
600 for 3,000 BTC.
Which will yield 1,000 TH.

Am I reading this correctly?

Lets say a person invests 30 BTC hypothetically.
Does that mean he will be entitled to 10 TH of mining power?
Or am I reading this wrongly?

And at what approximate date?

Geesh, I should cancel my 5 orders of Hashfast.
And throw 280 BTC into this. And that yeild me
about 90 TH from 2TH I would of gotten from Hashfast?

I must be missing something.

How is cog.f being handled considering the recent uproar with avalon?

+1

Watching closely to see how cogf2 contracts sell.  The last batch went quite quickly.

Do you remember the date they were ordered? it seems they are on July 22 orders.  I agree the plan for the end of the year is great, but nothing like doubling your hash power right now. :p

Actually, they were in July of last year, 2012! Still nothing from BFL unfortunately.

I will keep urging them to process our order of course but there is much more opportunity in the new chips arriving in a few months anyway

Nothing from BFL?  Weren't the Cognative orders on July 14?

Hey all,

First thing, I apologize for my lack of response recently. I've been extremely busy moving to college and getting situated here. Now I'm getting settled, and the situation for Cognitive is better than ever.

I have leased a large warehouse solely for the purpose of bitcoin mining, which means Cognitive will be able to expand now more than ever. This is crucial timing taking into consideration the introduction of the new 28nm and under chips being shipped this December. And that brings me to our next point:

I am in the process of securing a bulk order of chips from the company CoinTerra. As of now, I am the only one running a mining company that has access to the chips at such a low price. We will be undercutting the retail price significantly.

The fact that these two events are happening in perfect timing, it only makes sense to release the additional 600 COG.F2 contracts.

So, as of this post, the additional 600 contracts are listed for sale. Pick them up here: https://btct.co/security/COG.F2

The 600 contracts will raise a total of BTC3000, which will enable us to purchase nearly a nearly a petahash of hardware within a few months (1,048,576 gh/s). Projected revenue for this is quite tremendous, so personally, I will be further increasing my stake in Cognitive tonight as well

If you have any further questions, please post and I will be happy to answer.

Best,
Garrett

While that's true,  I don't think it's unreasonable to seek a confirmation from garr.

I'm sure it'll get there when it gets there 

Did he have anything to say about the BFL order that should have been shipped to him earlier this week?  You know,  that one we've been waiting over a year for.

Darn I was hoping for news on the singles.  We should be getting them very soon?

Has anyone heard from Garr?  I sent him a private message with no response, it looks like he was logged into the forums last night.

Update on the singles?

Just saw that, I think that means cog will be doubling the hashrate within a couple days.