Cognitive should be doing excellently.
What's the plan B in case someone else beats BFL?
Topic: Starting a new FPGA mining farm/contract! Cognitive Resurrected on[Havelock] - page 135. (Read 300686 times)
September 26, 2012, 02:07:29 PM
What's the plan B in case someone else beats BFL?
September 26, 2012, 02:00:57 PM
Wow! [email protected] and bids at .3
I don't think I've ever seen the price that low. What happened?
I don't think I've ever seen the price that low. What happened?
Perhaps somebody lost confidence in BFL. As of now we have a significant amount of funds with them. They are supposed to be the first ASIC company to deliver, so as long as we receive the ASICs according to plan (we're one of the earlier orders) Cognitive should be doing excellently.
I'm personally looking forward to the month ahead. Once we get a nice stock of ASICs Cognitive will be doing better than ever!
September 25, 2012, 09:02:33 PM
Wow! [email protected] and bids at .3
I don't think I've ever seen the price that low. What happened?
I don't think I've ever seen the price that low. What happened?
September 25, 2012, 12:04:31 AM
Is there also going to be a motion to make the company more growth oriented by not paying all revenue as dividends?
This is an issue that will fundamentally change the way the company operates, so a motion will be raised after the current ASIC motion. So by all means, buy up some shares after this motion if you want some more voting power!
I do definitely believe that keeping some revenue for growth will prove hugely beneficial in the long term.
September 24, 2012, 11:26:51 PM
The motion has been raised and is as follows:
https://glbse.com/vote/view/143
Quote
If this motion passes, 2550 shares will be issued at 0.62 BTC each to purchase ten Avalon ASICs, as seen here: http://avalon-asic.com/ These are currently the best priced ASICs and I believe it is the best choice at the moment. The ASICs are produced by a trusted FPGA producer known as ngzhang. Attaining ASICs from multiple sources is an excellent way to diversify and ultimately reduce risk. After this order and all our BFL ASICs arrive, we will have a total hashrate of 880 GH/s. The operator will maintain his contractually granted 10% and receive 10% of the new shares.
Vote at:https://glbse.com/vote/view/143
Is there also going to be a motion to make the company more growth oriented by not paying all revenue as dividends?
September 24, 2012, 08:18:39 PM
Motion awareness bump! Vote yes for even larger dividends come Q1 2013!
https://bitcointalksearch.org/topic/m.1215516
https://bitcointalksearch.org/topic/m.1215516
September 23, 2012, 09:13:10 PM
The motion has been raised and is as follows:
https://glbse.com/vote/view/143
Quote
If this motion passes, 2550 shares will be issued at 0.62 BTC each to purchase ten Avalon ASICs, as seen here: http://avalon-asic.com/ These are currently the best priced ASICs and I believe it is the best choice at the moment. The ASICs are produced by a trusted FPGA producer known as ngzhang. Attaining ASICs from multiple sources is an excellent way to diversify and ultimately reduce risk. After this order and all our BFL ASICs arrive, we will have a total hashrate of 880 GH/s. The operator will maintain his contractually granted 10% and receive 10% of the new shares.
Vote at:https://glbse.com/vote/view/143
September 23, 2012, 02:33:44 PM
Ngzhang has announced his new ASIC product, and it is currently the best offering so I believe we should invest in it.
Ngzhang is a trusted FPGA producer and is fully capable of delivering his product when he promises: Q1 2013.
For more information regarding his ASIC, see the thread here: https://bitcointalksearch.org/topic/avalon-asic-announcement-pre-order-pre-order-over-project-started-110090
I will be raising a motion today or tomorrow which will last one week.
Edit:
Here is a draft for the motion:
Ngzhang is a trusted FPGA producer and is fully capable of delivering his product when he promises: Q1 2013.
For more information regarding his ASIC, see the thread here: https://bitcointalksearch.org/topic/avalon-asic-announcement-pre-order-pre-order-over-project-started-110090
I will be raising a motion today or tomorrow which will last one week.
Edit:
Here is a draft for the motion:
Quote
If this motion passes, 2550 shares will be issued at 0.62 BTC each to purchase ten Avalon ASICs, as seen here: http://avalon-asic.com/ These are currently the best priced ASICs and I believe it is the best choice at the moment. The ASICs are produced by a trusted FPGA producer known as ngzhang. Attaining ASICs from multiple sources is an excellent way to diversify and ultimately reduce risk. After this order and all other ASICs arrive, we will have a total hashrate of 880 GH/s. The operator will maintain his contractually granted 10% and receive 10% of the new shares.
September 22, 2012, 04:39:59 PM
How do you (or anyone) feel about diverting X% of dividends to a growth account to soften the dilution of shares from previous rounds of investment?
I think this is definitely a viable option, what would you say, about 25%?
And I feel similarly regarding the below, but we must also consider the fact that the earlier you purchase the higher the short-term return is (before the difficulty hike ~1 week after asics become massively used). It is also possible that BFL or another company will use the ASICs for themselves for some time and reap the rewards.
My opinion on the asic front is that none of these "companies" deserve a "pre-order" without a working prototype, pictures, press, and/or regulation. That's how real companies work. Even "companies" on Kickstarter show more responsibility than BFL has. Generally you balance out high risk stuff with low risk stuff, right? Rather than purchasing hardware that doesn't exist yet from three different sources, I'd rather see who delivers. Hopefully it's the one we already gave our money to.
That being said, it certainly is an exciting time for Bitcoin and I'm looking forward to seeing what happens in the next few months.
That being said, it certainly is an exciting time for Bitcoin and I'm looking forward to seeing what happens in the next few months.
September 22, 2012, 04:19:05 PM
How do you (or anyone) feel about diverting X% of dividends to a growth account to soften the dilution of shares from previous rounds of investment?
My opinion on the asic front is that none of these "companies" deserve a "pre-order" without a working prototype, pictures, press, and/or regulation. That's how real companies work. Even "companies" on Kickstarter show more responsibility than BFL has. Generally you balance out high risk stuff with low risk stuff, right? Rather than purchasing hardware that doesn't exist yet from three different sources, I'd rather see who delivers. Hopefully it's the one we already gave our money to.
That being said, it certainly is an exciting time for Bitcoin and I'm looking forward to seeing what happens in the next few months.
My opinion on the asic front is that none of these "companies" deserve a "pre-order" without a working prototype, pictures, press, and/or regulation. That's how real companies work. Even "companies" on Kickstarter show more responsibility than BFL has. Generally you balance out high risk stuff with low risk stuff, right? Rather than purchasing hardware that doesn't exist yet from three different sources, I'd rather see who delivers. Hopefully it's the one we already gave our money to.
That being said, it certainly is an exciting time for Bitcoin and I'm looking forward to seeing what happens in the next few months.
September 22, 2012, 01:13:08 PM
Dividends have been paid!
Total BTC: 25.4165585
Per Share: 0.00322955
Total mined to date: 616.94570048
I'm looking into all of the new ASIC options, [Tycho]'s (DeepBit Owner's) specifically.
So shareholders: Should we wait until we see these things mining in the wild or raise some more capital to pre-order some now?
Links to his threads:
https://bitcointalksearch.org/topic/dbrclmr-deepbit-reclaimer-asics-108375
https://bitcointalksearch.org/topic/deepbit-reclaimer-asics-104680
Total BTC: 25.4165585
Per Share: 0.00322955
Total mined to date: 616.94570048
I'm looking into all of the new ASIC options, [Tycho]'s (DeepBit Owner's) specifically.
So shareholders: Should we wait until we see these things mining in the wild or raise some more capital to pre-order some now?
Links to his threads:
https://bitcointalksearch.org/topic/dbrclmr-deepbit-reclaimer-asics-108375
https://bitcointalksearch.org/topic/deepbit-reclaimer-asics-104680
September 16, 2012, 04:01:29 AM
Dividends have been paid!
Total BTC: 27.2049373
Per Share: 0.00345679
Total mined to date: 591.52914198
Total BTC: 27.2049373
Per Share: 0.00345679
Total mined to date: 591.52914198
September 15, 2012, 07:58:01 PM
Our coins have eight confirmations going over to GLBSE and nothing has shown up yet... I just sent Nefario & GLBSE support messages.
September 13, 2012, 06:22:50 PM
Is the electricity costs paid by the shares you kept in the IPO?
Yes. Although this will most likely never happen: if I am ever operating at a loss due to electricity I will raise a motion to subtract electricity from dividends.How many hours on average do you estimate you work managing this mining?
During the beginning of the company it was easily 20 hours a week, and now it is 1-2 hours per week including PR.Passive (or at least semi-passive) investments are awesome!
September 13, 2012, 05:30:54 PM
Currently Cognitive has suffered from a dump, wiping out all accurately priced bids. Cognitive is currently paying out sub-par dividends because we are still awaiting our new ASIC hardware from BFL. We already own 7 SC single upgrades and are waiting for BFL's go-ahead to ship back our FPGA Singles in return for the ASICs. This will put us ahead of all the current bonds and companies who aren't upgrading by far, in terms of dividends and share price 
Is the electricity costs paid by the shares you kept in the IPO? How many hours on average do you estimate you work managing this mining?
September 10, 2012, 10:21:58 PM
Currently Cognitive has suffered from a dump, wiping out all accurately priced bids. Cognitive is currently paying out sub-par dividends because we are still awaiting our new ASIC hardware from BFL. We already own 7 SC single upgrades and are waiting for BFL's go-ahead to ship back our FPGA Singles in return for the ASICs. This will put us ahead of all the current bonds and companies who aren't upgrading by far, in terms of dividends and share price
September 10, 2012, 04:21:40 PM
Would it be possible to buy GPUs now for Cognitive and then after ASICs release sell them (at fair value) to Cognitive-LTC?
I would say yes, but because a few people were looking down upon Cognitive-LTC it is not going to exist.
Since Cognitive is a company, it would be possible for Cognitive as a company to release bonds on new mining endeavors. I don't know that perpetual would be a good idea or if it'd be better with a fixed buy back, but lots of companies issue bonds to raise funds. The bonds could be on any currency you choose.
I also agree that LTC backers need to work diligently to get an economy going around the coin, or when the miners shift over to it it's going to have issues.
September 10, 2012, 02:15:03 PM
Anyone can explain why Cognitive is at the bottom end of the lowest paying shares?
Anything can be done?
It seems that now many figured this out since there are no bids above 0.10 from a while, and my butt hurts since I did not dump my shares in time.
Anything can be done?
It seems that now many figured this out since there are no bids above 0.10 from a while, and my butt hurts since I did not dump my shares in time.
September 01, 2012, 06:31:10 AM
Dividends have been paid!
Total BTC: 29.5788441
Per Share: 0.00375843
Total BTC: 29.5788441
Per Share: 0.00375843
August 31, 2012, 01:28:19 PM
Would it be possible to buy GPUs now for Cognitive and then after ASICs release sell them (at fair value) to Cognitive-LTC?
I would say yes, but because a few people were looking down upon Cognitive-LTC it is not going to exist.
IMHO I think this is an error. In a post-ASIC future every GPU miner will probably move into LTC, increasing significantly the difficulty.
We have already watched this movie about the effects of a extreme difficulty increase over a currency which lacks of a strong economy to rely on: namecoins. Since merged mining came into scene price has only dropped. I would expect the same with litecoins.
GPUs are the past. Damn! as a GPU miner I invested in this asset just looking for protection again ASICs!
We have already watched this movie about the effects of a extreme difficulty increase over a currency which lacks of a strong economy to rely on: namecoins. Since merged mining came into scene price has only dropped. I would expect the same with litecoins.
GPUs are the past. Damn! as a GPU miner I invested in this asset just looking for protection again ASICs!
Yes, I have thought of that exactly. GPUs should be a pretty liquid asset in the long run, so we shouldn't see any loss when we go to sell. One of the goals of buying GPUs is to further diversify Cognitive.
namecoin != ltc, no merged mining is possible.
I do worry about the economy, but I suspect it will develop.
I do worry about the economy, but I suspect it will develop.
I feel similarly, and I also have good faith in that Litecoin will succeed. (Or at the very least be worth mining for a while
)I wonder if anyone is using LTC for anything else then exchanging them to BTC. Sorry for the offtopic
I just saw an iPod sell for LTC on the Litecoin forum
There are a few services that accept Litecoin currently. One that comes to mind is a domain registrar.
We will of course be mining whichever currency is most profitable if we invest in GPUs.
I hope this helps!
-Garrett
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