Starting a new FPGA mining farm/contract! Cognitive Resurrected on[Havelock] - page 113.

redbeans2012

hero member

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Quote from: igba on July 15, 2013, 12:20:21 PM

yall should make an announcement after the second avalon is up on BTC-TC, there really hasn't been any news in like 2 months

A place to see exactly what we are hashing at and the planned hashing in the near future would also be great. Hard to find the info.

igba

member

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yall should make an announcement after the second avalon is up on BTC-TC, there really hasn't been any news in like 2 months

alexius89

hero member

Activity: 709

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Gridcoin Foundation

it really needs some official Updates by Cognitive on btct.co and here in the thread

Have a look at the Share Price with basic Mining

lunarboy

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Quote from: alexius89 on July 14, 2013, 06:37:17 PM

Garr255 i think an official update with the new hardware and so on here and on the btct.co page is necessary. :-)

+1 follow the lead set by bASIC MINING

cashmere

newbie

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What is the speed of your entire setup? You also mentioned that you are getting some new machines soon, what are the expected GH/s additions that they will be bringing?

alexius89

hero member

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Gridcoin Foundation

Garr255 i think an official update with the new hardware and so on here and on the btct.co page is necessary. :-)

Garr255

legendary

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What's a GPU?

Quote from: creativex on July 14, 2013, 10:33:53 AM

Congrats Garr! Nice choice...Avalons are easy to get along with.

Thanks!

The other Avalon will be in the mail tomorrow!

Cheers,
Garrett

creativex

sr. member

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Congrats Garr! Nice choice...Avalons are easy to get along with.

jboogie

newbie

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hey, I'm new here. What hardware is currently hashing, and what other hardware has been ordered and is due to arrive in the future (and any estimates on when will it arrive)?

Garr255

legendary

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What's a GPU?

Quote from: stabs on July 13, 2013, 06:26:00 PM

Quote from: Garr255 on July 11, 2013, 09:54:54 PM

P.S. One of our two shiny new Avalons should arrive and be hashing on Saturday, and the other one next week!

Did it arrive today?

Yep

Unboxing pictures:
https://dl.dropboxusercontent.com/u/9542654/btc/Cognitive/DSCN1590.JPG
https://dl.dropboxusercontent.com/u/9542654/btc/Cognitive/DSCN1591.JPG
https://dl.dropboxusercontent.com/u/9542654/btc/Cognitive/DSCN1592.JPG

I'm finding the IP address the seller set it to right now, once I find it in a few minutes it'll be hashing!

Quote from: davos on July 12, 2013, 10:16:34 AM

Have any of the funds raised from the COG.F issue been used yet? Is there a timeline on distributing those shares?

Yes, those funds have been used to purchase Avalon chips, which will be hashing in early September.

Cheers,
Garrett

Edit: Our Avalon is hashing!

stabs

member

Activity: 109

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Quote from: Garr255 on July 11, 2013, 09:54:54 PM

P.S. One of our two shiny new Avalons should arrive and be hashing on Saturday, and the other one next week!

Did it arrive today?

davos

member

Activity: 106

Merit: 10

Have any of the funds raised from the COG.F issue been used yet? Is there a timeline on distributing those shares?

medicine

hero member

Activity: 697

Merit: 501

Very happy that the waiting game may soon be ending. I'm no investment expert, but I would offer that selling shares right before company ramps up mining isn't the best time to sell, yet some people are selling in front of our eyes.
Those pictures of boxes containing Avalon shipments over at thebitcoinchannel look promising as well.

Garr255

legendary

Activity: 938

Merit: 1000

What's a GPU?

P.S. One of our two shiny new Avalons should arrive and be hashing on Saturday, and the other one next week!

Garr255

legendary

Activity: 938

Merit: 1000

What's a GPU?

Quote from: ?? on ??

Quote from: Garr255 on July 11, 2013, 12:38:43 PM

Quote from: drewmsmith on July 11, 2013, 11:34:52 AM

We should still have the same amount of BTC funds in reserves after this transaction as it's paid for purely with stock. Do we have any other offers on the table where we can spend some of our btc on hand to get more hashing power?

That is correct. And yes, I am currently negotiating with multiple people regarding Avalon pre-orders and physical units. It might also be worthwhile to look into KNCminer. Additionally, I am testing some BitFury chips this week, and we might want to place an order for some of their chips.

I'll keep the thread updated!

Best,
Garrett

How much would Cog pay for an in hand BFL 60 ghs ASIC?

Thanks.

Following the pricing schedule we are paying for the Avalon, I believe 300 shares would be a fair price for this. We do have sufficient shares in the treasury account so this will not be a problem.

Are there any objections? I am all for getting our hashrate up ASAP therefore would like to take you up on this offer if you're interested and there are no disagreements

Cheers,
Garrett

Garr255

legendary

Activity: 938

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What's a GPU?

Quote from: drewmsmith on July 11, 2013, 11:34:52 AM

We should still have the same amount of BTC funds in reserves after this transaction as it's paid for purely with stock. Do we have any other offers on the table where we can spend some of our btc on hand to get more hashing power?

That is correct. And yes, I am currently negotiating with multiple people regarding Avalon pre-orders and physical units. It might also be worthwhile to look into KNCminer. Additionally, I am testing some BitFury chips this week, and we might want to place an order for some of their chips.

I'll keep the thread updated!

Best,
Garrett

drewmsmith

newbie

Activity: 19

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We should still have the same amount of BTC funds in reserves after this transaction as it's paid for purely with stock. Do we have any other offers on the table where we can spend some of our btc on hand to get more hashing power?

Garr255

legendary

Activity: 938

Merit: 1000

What's a GPU?

Quote from: Code_red on July 10, 2013, 08:28:15 PM

So if I am understanding this correct we traded around 300btc worth of shares for 160 GH/s or around 25-30k USD. So that is like a 4-6 month recovery time at best if the network doesn't jump like crazy which it has been.

It is 0.3*900=270 btc at the current rates, which is a much better deal than the 170+ per unit in-hand Avalons are selling for now.

Quote from: BTCThousandaire on July 10, 2013, 09:17:29 PM

I'm curious, are you considering buying active mining hardware?

I'm not interested in anything that isn't ready to ship at this point. As a company, Cognitive needs to get more miners online ASAP.

BTCThousandaire

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I'm curious, are you considering buying active mining hardware?

Code_red

member

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Merit: 10

So if I am understanding this correct we traded around 300btc worth of shares for 160 GH/s or around 25-30k USD. So that is like a 4-6 month recovery time at best if the network doesn't jump like crazy which it has been.

Topic: Starting a new FPGA mining farm/contract! Cognitive Resurrected on[Havelock] - page 113. (Read 300686 times)