Starting a new FPGA mining farm/contract! Cognitive Resurrected on[Havelock] - page 140.

DILLIGAF

full member

Activity: 196

Merit: 100

Quote from: Garr255 on June 16, 2012, 02:37:29 AM

Quote from: petermeuris on June 16, 2012, 01:23:17 AM

Does this message change the mining strategy ?
https://bitcointalk.org/index.php?topic=87934.msg966895;topicseen#msg966895

1) BitForce SC Jalapeno: a USB powered coffee warmer providing 3.5 GH/s, priced at under $149
2) BitForce SC Single: a standalone unit providing roughly 40 GH/s, priced at $1,299
3) BitForce SC Mini Rig: a case & rack mount server providing 1 TH/s, priced at $29,899

This will effect all miners, but if BFL stays consistent, there will be plenty of time for preparation between now and this change.

Because of our recent purchase of Singles, we might have a priority in upgrading to three BitForce SCs and two Jalapenos, for a total hashrate of 134200mh/s. This is nearly 21mh/s per share!

Better hope you get them early because once them things get out there in force that is going to be like running a single 5770 today..

Garr255

legendary

Activity: 938

Merit: 1000

What's a GPU?

Quote from: petermeuris on June 16, 2012, 01:23:17 AM

Does this message change the mining strategy ?
https://bitcointalk.org/index.php?topic=87934.msg966895;topicseen#msg966895

1) BitForce SC Jalapeno: a USB powered coffee warmer providing 3.5 GH/s, priced at under $149
2) BitForce SC Single: a standalone unit providing roughly 40 GH/s, priced at $1,299
3) BitForce SC Mini Rig: a case & rack mount server providing 1 TH/s, priced at $29,899

This will effect all miners, but if BFL stays consistent, there will be plenty of time for preparation between now and this change.

Because of our recent purchase of Singles, we might have a priority in upgrading to three BitForce SCs and two Jalapenos, for a total hashrate of 134200mh/s. This is nearly 21mh/s per share!

petermeuris

newbie

Activity: 14

Merit: 0

Does this message change the mining strategy ?
https://bitcointalk.org/index.php?topic=87934.msg966895;topicseen#msg966895

1) BitForce SC Jalapeno: a USB powered coffee warmer providing 3.5 GH/s, priced at under $149
2) BitForce SC Single: a standalone unit providing roughly 40 GH/s, priced at $1,299
3) BitForce SC Mini Rig: a case & rack mount server providing 1 TH/s, priced at $29,899

Kluge

donator

Activity: 1218

Merit: 1015

Quote from: stabs on June 14, 2012, 06:14:04 PM

How many shares does Kluge own?

I post all of my positions, lendees, and lenders publicly @ https://docs.google.com/spreadsheet/pub?key=0Ao892S4MOoDZdGZSbjJVd1ZTbFVLZE5aRE95bE91NVE&output=html

It's a fair bit out of date (at least as far as lendees -- most of those people paid interest and renewed). I've had other stuff going on. I'm down to a bit over 1k Cognitive shares ATM. I doubt I'm any longer the largest shareholder.

Garr255

legendary

Activity: 938

Merit: 1000

What's a GPU?

Because BTC has hit $6.10, we were able to purchase seven BitForce Singles!

This cost 669.1997 coins, leaving us with a reserve of 50.01.
This will increase our hashrate from 7200mh/s to at least 13024mh/s, and at most 13472mh/s. This is because of the possible firmware upgrades for the Singles, depending solely on the Single's cooling.
Although with the ASIC trade in option BFL will be offering, we might be receiving much more hashpower!

We will need to purchase a host for the new hardware, as our current host that I have been providing isn't powerful enough, and because of the possibility that Singles and x6500s cannot run on the same host due to driver limitations. Our current reserve funds are more than sufficient for this, and the remainder of the funds will be put in a CD as specified in the motion.

All of our transaction and dividend history is available at http://cognitivemining.com/

(Additionally, putting "Cognitive Mining!" in your sig doesn't hurt your investment Wink

)

Bitcoin Oz

hero member

Activity: 686

Merit: 500

Wat

Quote from: SaintFlow on June 14, 2012, 08:27:35 AM

OK face.jpg

You can raise a motion at any time and it will pass if you get the votes. Thats how it works

Garr255

legendary

Activity: 938

Merit: 1000

What's a GPU?

Quote from: stabs on June 14, 2012, 06:14:04 PM

How many shares does Kluge own?

This could be considered private information, so I'm going to let him decide whether he wants to answer.

[Update to be published in a few minutes.]

stabs

member

Activity: 109

Merit: 10

How many shares does Kluge own?

Garr255

legendary

Activity: 938

Merit: 1000

What's a GPU?

Kluge contacted me requesting a revote, and being the majority shareholder he is he could have demanded one, but he knew I would definitely support a revote. Not paying the mega dividend will benefit Cognitive immensely.

SaintFlow

sr. member

Activity: 476

Merit: 250

The first is by definition not flawed.

OK face.jpg

GeoRW

sr. member

Activity: 350

Merit: 257

Trust No One

Quote from: SaintFlow on June 14, 2012, 07:20:56 AM

I was gone for half a week and come back to see my dividend canceled by a short notice revote.

May I ask by what authority?

Is not a vote necessary to demand a revote?
I mean all in 3 days?

From contract: The operator reserves the rights, regardless of the amount of shares owned, to raise a motion, and sell all hardware.

SaintFlow

sr. member

Activity: 476

Merit: 250

The first is by definition not flawed.

I was gone for half a week and come back to see my dividend canceled by a short notice revote.

May I ask by what authority?

Is not a vote necessary to demand a revote?
I mean all in 3 days?

Garr255

legendary

Activity: 938

Merit: 1000

What's a GPU?

Quote from: GeoRW on June 14, 2012, 12:30:42 AM

Quote from: Garr255 on June 13, 2012, 08:57:27 PM

The singles will be purchased after our funds are entirely converted into BTC, which will be within 14 days.

How went the purchase of bitcoins from JWU42? And do you really mean to convert into BTC?

I sent out a check on Monday. He's going to send the coins when it clears.

GeoRW

sr. member

Activity: 350

Merit: 257

Trust No One

Quote from: Garr255 on June 13, 2012, 08:57:27 PM

The singles will be purchased after our funds are entirely converted into BTC, which will be within 14 days.

How went the purchase of bitcoins from JWU42? And do you really mean to convert into BTC?

Garr255

legendary

Activity: 938

Merit: 1000

What's a GPU?

The second round of voting is closed. Here are the results:

Yes No Votes Ratio (%)

1:
625 3004 3629 21

2:
690 2873 3563 24

3:
817 2765 3582 30

4:
731 2875 3606 25

5:
2375   1288   3663 184

6:
95 3514   3609 3

7:
1695   2192   3887 77

I'm very pleased to announce that Motion 5 is the winner. We have enough funds to buy six BitForce Singles, which will increase our total hashrate from 7200mh/s to at least 12192mh/s (assuming 832mh/s from each unit).

The singles will be purchased after our funds are entirely converted into BTC, which will be within 14 days.

Garr255

legendary

Activity: 938

Merit: 1000

What's a GPU?

Quote from: stabs on June 13, 2012, 08:23:54 PM

Quote from: Garr255 on June 10, 2012, 01:29:37 AM

Voting will close on June 13th at 06:00 pm GLBSE time.

How'd voting turn out?

The motions just expired 40 seconds ago. I don't know why it was so late, but I'll be back with the results in a minute.

stabs

member

Activity: 109

Merit: 10

Quote from: Garr255 on June 10, 2012, 01:29:37 AM

Voting will close on June 13th at 06:00 pm GLBSE time.

How'd voting turn out?

Garr255

legendary

Activity: 938

Merit: 1000

What's a GPU?

That's quite a hit, 7. I'm going to send you a few coins for all the help you've given and basically the reworking of MPBM for Cognitive.

In other news, a massive lightning storm just passed through, which was completely awesome. It looked like someone had set up thousands of strobe lights in my yard. I just felt another thunder shockwave! I tried to get some video, but I didn't have a camera near by and the Blackberry didn't cut it.
More importantly, we had a power surge that put my stereo into demo mode, and the FPGAs cycled power (along with the host) and lost their bitstreams.

Everything is back to normal now and we're hashing away as usual. Everything corrected itself the way it should, and required no involvement on my part. I'm glad I was here to see it happen so we all know that thunder and lightning are no match for Cognitive

TheSeven

hero member

Activity: 504

Merit: 500

FPGA Mining LLC

Quote from: Philj on June 12, 2012, 08:57:56 AM

Quote from: TheSeven on June 11, 2012, 03:13:15 PM

Quote from: Kluge on June 11, 2012, 03:55:17 AM

Quote from: petermeuris on June 11, 2012, 03:23:12 AM

What happened ? COGNITIVE [email protected] Somebody mistyped ?

Maybe another compromised account

I can sadly confirm this theory :/

Dis the affect your own asset in any way?

If you mean the FPGA.Mining asset, this isn't being managed by me, but by fizzisist, so it isn't affected at all.
As an asset manager I would of course use a whole lot of additional security measures.

Philj

sr. member

Activity: 388

Merit: 250

Quote from: TheSeven on June 11, 2012, 03:13:15 PM

Quote from: Kluge on June 11, 2012, 03:55:17 AM

Quote from: petermeuris on June 11, 2012, 03:23:12 AM

What happened ? COGNITIVE [email protected] Somebody mistyped ?

Maybe another compromised account

I can sadly confirm this theory :/

Dis the affect your own asset in any way?

Topic: Starting a new FPGA mining farm/contract! Cognitive Resurrected on[Havelock] - page 140. (Read 300686 times)