Starting a new FPGA mining farm/contract! Cognitive Resurrected on[Havelock] - page 109.

drewmsmith

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Quote from: ?? on ??

Quote from: drewmsmith on July 19, 2013, 10:30:46 AM

What was the price paid for goat's BFL single? Also how many BTC are left in the growth fund?

much less than originally agreed to Sad

but im a significant cog share holder so whatever is best for the company....

Yea, it was a very awkward situation and I don't envy either party. I'm just looking for some transparency on the deal so I can better assess the value of the company.

drewmsmith

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What was the price paid for goat's BFL single? Also how many BTC are left in the growth fund?

stabs

member

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Quote from: alexius89 on July 19, 2013, 08:22:11 AM

i think its time for a new Update on BTCT. It should increase the share price very much!

Yes, I would make an announcement on BTCT.

djjacket

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Quote from: Tafelpoot on July 19, 2013, 08:38:59 AM

quick comparison between bASIC and Cognitive:

bASIC mining - 51625 outstanding shares -
Total hashrate: 925 Gh/s now
Hashrate/share: 180 Mh/s now
Price: 0.73BTC

Cognitive - 10420 outstanding shares
Total hashrate: 393 Gh/s now, 813 Gh/s when BFL delivers.
Hashrate/share: 377 Mh/s now, 780 Mh/s later.
Price: 0.75BTC

What did I miss?

Couple of additional differences:
BM pays out 70% vs Cog 50% in Dividends
BM also has over 1000 BTC in reserves

Both funds look very promising at this point though and the owners have been actively adding to their hashing power.

Tafelpoot

full member

Activity: 191

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quick comparison between bASIC and Cognitive:

bASIC mining - 51625 outstanding shares -
Total hashrate: 925 Gh/s now
Hashrate/share: 180 Mh/s now
Price: 0.73BTC

Cognitive - 10420 outstanding shares
Total hashrate: 393 Gh/s now, 813 Gh/s when BFL delivers.
Hashrate/share: 377 Mh/s now, 780 Mh/s later.
Price: 0.75BTC

What did I miss?

Edit: so it's 33.7 Mh/s duh.

alexius89

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Gridcoin Foundation

i think its time for a new Update on BTCT. It should increase the share price very much!

Tafelpoot

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I wonder what will happen here when the sdice shareholders are paid out..

KCBitcoin

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Garr255

legendary

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What's a GPU?

Quote from: redbeans2012 on July 18, 2013, 10:17:49 PM

Quote from: miTgiB on July 18, 2013, 10:04:29 PM

Quote from: moribana on July 18, 2013, 08:40:19 PM

Quote from: redbeans2012 on July 18, 2013, 08:19:25 PM

Quote from: moribana on July 18, 2013, 06:08:07 PM

It was interesting to follow the discussion about this. It is true that the share price seems rather high considering the hash power it represents right now. Compared to some perpetual mining bonds, it is true. However, companies like Cognitive intend to stay ahead of the pack in the long run. If they can do that and at the same time the dollar price of bitcoin goes up, the this a is really good long-term investment.

Ultimately the whole success of the bitcoin economy depends on whether bitcoin becomes widely accepted and as a result whether there is a steady flow of dollars into bitcoins. If, as we all hope, this happens, those who can keep up the pace will win big time.

Isn't the share price of Basic Mining even more outrageous considering the amount of shares out there? Or am I missing something?

I think, you are right. Their hash power per share is 3-4 times less than that of Cognitive. At the same time the share price is similar.

Is it? BM is currently 445G/h with another 500 in transit, I'm not sure where Cog is currently, is it 83 and 160ish after the 2nd avalon arrives this weekend? BM has 5x more shares outstanding so unless I am way off on Cog's current hashrate.....

He said 330+ Gh/s .. by the end of this week.

By the end of the week and 330gh/s? Nah, more like by three hours ago and 393gh/s! Cheesy

Today I received the final two of our four Avalons, and now they're all happily hashing away at a location with redundant power and internet

And who doesn't like pictures!?

Shiny new boxes:

Protip: Before ever turning on an Avalon that has been through the mail: Always check for loose nuts!

Driving to the Avalons' new home...

And here they are, hashing away at a steady 320+ gh/s

(One of them has an extra hash unit.)

This puts our total hashrate at:
320 from the Avalons
60 from the SC Single
13 from the FPGAs
= a total of 393gh/s mining for us right now

And BFL still owes us 7 more SC singles, which equals an additional 420gh/s which we will receive very soon.

Then after we receive our Avalon chips we will be hashing at well over 1th/s

Cheers,
Garrett

redbeans2012

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Activity: 887

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Quote from: miTgiB on July 18, 2013, 10:04:29 PM

Quote from: moribana on July 18, 2013, 08:40:19 PM

Quote from: redbeans2012 on July 18, 2013, 08:19:25 PM

Quote from: moribana on July 18, 2013, 06:08:07 PM

It was interesting to follow the discussion about this. It is true that the share price seems rather high considering the hash power it represents right now. Compared to some perpetual mining bonds, it is true. However, companies like Cognitive intend to stay ahead of the pack in the long run. If they can do that and at the same time the dollar price of bitcoin goes up, the this a is really good long-term investment.

Ultimately the whole success of the bitcoin economy depends on whether bitcoin becomes widely accepted and as a result whether there is a steady flow of dollars into bitcoins. If, as we all hope, this happens, those who can keep up the pace will win big time.

Isn't the share price of Basic Mining even more outrageous considering the amount of shares out there? Or am I missing something?

I think, you are right. Their hash power per share is 3-4 times less than that of Cognitive. At the same time the share price is similar.

Is it? BM is currently 445G/h with another 500 in transit, I'm not sure where Cog is currently, is it 83 and 160ish after the 2nd avalon arrives this weekend? BM has 5x more shares outstanding so unless I am way off on Cog's current hashrate.....

He said 330+ Gh/s .. by the end of this week.

miTgiB

full member

Activity: 251

Merit: 100

Du hast

Quote from: moribana on July 18, 2013, 08:40:19 PM

Quote from: redbeans2012 on July 18, 2013, 08:19:25 PM

Quote from: moribana on July 18, 2013, 06:08:07 PM

It was interesting to follow the discussion about this. It is true that the share price seems rather high considering the hash power it represents right now. Compared to some perpetual mining bonds, it is true. However, companies like Cognitive intend to stay ahead of the pack in the long run. If they can do that and at the same time the dollar price of bitcoin goes up, the this a is really good long-term investment.

Ultimately the whole success of the bitcoin economy depends on whether bitcoin becomes widely accepted and as a result whether there is a steady flow of dollars into bitcoins. If, as we all hope, this happens, those who can keep up the pace will win big time.

Isn't the share price of Basic Mining even more outrageous considering the amount of shares out there? Or am I missing something?

I think, you are right. Their hash power per share is 3-4 times less than that of Cognitive. At the same time the share price is similar.

Is it? BM is currently 445G/h with another 500 in transit, I'm not sure where Cog is currently, is it 83 and 160ish after the 2nd avalon arrives this weekend? BM has 5x more shares outstanding so unless I am way off on Cog's current hashrate.....

stslimited

hero member

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Merit: 500

did the avalons arrive? Motion said they would be overnighted and hashing by thursday afternoon

moribana

full member

Activity: 167

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Quote from: redbeans2012 on July 18, 2013, 08:19:25 PM

Quote from: moribana on July 18, 2013, 06:08:07 PM

It was interesting to follow the discussion about this. It is true that the share price seems rather high considering the hash power it represents right now. Compared to some perpetual mining bonds, it is true. However, companies like Cognitive intend to stay ahead of the pack in the long run. If they can do that and at the same time the dollar price of bitcoin goes up, the this a is really good long-term investment.

Ultimately the whole success of the bitcoin economy depends on whether bitcoin becomes widely accepted and as a result whether there is a steady flow of dollars into bitcoins. If, as we all hope, this happens, those who can keep up the pace will win big time.

Isn't the share price of Basic Mining even more outrageous considering the amount of shares out there? Or am I missing something?

I think, you are right. Their hash power per share is 3-4 times less than that of Cognitive. At the same time the share price is similar.

redbeans2012

hero member

Activity: 887

Merit: 1000

Quote from: moribana on July 18, 2013, 06:08:07 PM

It was interesting to follow the discussion about this. It is true that the share price seems rather high considering the hash power it represents right now. Compared to some perpetual mining bonds, it is true. However, companies like Cognitive intend to stay ahead of the pack in the long run. If they can do that and at the same time the dollar price of bitcoin goes up, the this a is really good long-term investment.

Ultimately the whole success of the bitcoin economy depends on whether bitcoin becomes widely accepted and as a result whether there is a steady flow of dollars into bitcoins. If, as we all hope, this happens, those who can keep up the pace will win big time.

Isn't the share price of Basic Mining even more outrageous considering the amount of shares out there? Or am I missing something?

stabs

member

Activity: 109

Merit: 10

Are the two other Avalons hashing now:

moribana

full member

Activity: 167

Merit: 100

It was interesting to follow the discussion about this. It is true that the share price seems rather high considering the hash power it represents right now. Compared to some perpetual mining bonds, it is true. However, companies like Cognitive intend to stay ahead of the pack in the long run. If they can do that and at the same time the dollar price of bitcoin goes up, the this a is really good long-term investment.

Ultimately the whole success of the bitcoin economy depends on whether bitcoin becomes widely accepted and as a result whether there is a steady flow of dollars into bitcoins. If, as we all hope, this happens, those who can keep up the pace will win big time.

drewmsmith

newbie

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Oh hey, New logo! nice.

stslimited

hero member

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Merit: 500

Quote from: Vbs on July 18, 2013, 09:23:38 AM

Classic pump and dump.

pump and dumps fail at high volume

all cryptocurrency securities are very illiquid, so if someone needs to liquidate shares now it will disrupt the order books.

Vbs

hero member

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Classic pump and dump.

stslimited

hero member

Activity: 546

Merit: 500

why do mining company investors think they are here to break even from dividends

Warren Buffett didn't write that book! Roll Eyes

Topic: Starting a new FPGA mining farm/contract! Cognitive Resurrected on[Havelock] - page 109. (Read 300616 times)