Maybe another compromised account
I can sadly confirm this theory :/
Sorry to hear that. Didnt you have 2 factor auth setup?
Yes, recommended for everyone.
Topic: Starting a new FPGA mining farm/contract! Cognitive Resurrected on[Havelock] - page 141. (Read 300686 times)
June 11, 2012, 11:03:17 PM
I can sadly confirm this theory :/
Sorry to hear that. Didnt you have 2 factor auth setup?
Yes, recommended for everyone.
June 11, 2012, 10:54:39 PM
Maybe another compromised account
I can sadly confirm this theory :/
Sorry to hear that. Didnt you have 2 factor auth setup?
June 11, 2012, 03:13:15 PM
Maybe another compromised account
I can sadly confirm this theory :/
June 11, 2012, 05:39:26 AM
Someone took a dump and sold down all of the bids... and I didn't have any nice low bid orders to catch it 
June 11, 2012, 03:55:17 AM
Maybe another compromised account, or just someone who needed cash now. Dunno how that could be a mistype. There's almost no bid depth anywhere on GLBSE.... even Gigamining suddenly dropped ~40% yesterday when someone dared sell >50BTC worth of shares. So, Cognitive should have a similar reaction whenever someone dares to sell >10BTC worth of shares. If someone needs to sell any significant amount of anything to the public for whatever reason, they'll get almost nothing. For significant transactions, you have to line up private buyers. It's irrational to sell Cognitive that low, but markets are not always rational, even if the creators of discord are in the minority. We'll still talk about their outliers, knowing it'll be utterly insignificant in the long-run, and perhaps in that respect, we're also acting irrationally just by talking about it.
There are a few different theories on why the bid orders are so awfully insignificant. I favor the argument that it's primarily a by-product of an extremely high-yield market. Nowhere else will you earn ~30-150% annual RoI with almost any credible security listed. It's thus extremely expensive (relative to most USD options) to maintain a bid order when you factor in opportunity cost. GLBSE tries to solve this by only charging a fee to the person who places an open-market order, but it's not nearly sufficient, and I don't know how they could fix this, perhaps without allowing uncovered orders again (that is, with 10BTC in your account, you can place a bid on Cognitive for 10BTC-worth of shares, another order for 10BTC-worth of Gigamining, and maybe 10BTC-worth of YABMC. It could be implemented where all other orders automatically cancel once one of your 10BTC bid orders are fulfilled somewhere, partially or in full). ramble,ramble,ramble...
There are a few different theories on why the bid orders are so awfully insignificant. I favor the argument that it's primarily a by-product of an extremely high-yield market. Nowhere else will you earn ~30-150% annual RoI with almost any credible security listed. It's thus extremely expensive (relative to most USD options) to maintain a bid order when you factor in opportunity cost. GLBSE tries to solve this by only charging a fee to the person who places an open-market order, but it's not nearly sufficient, and I don't know how they could fix this, perhaps without allowing uncovered orders again (that is, with 10BTC in your account, you can place a bid on Cognitive for 10BTC-worth of shares, another order for 10BTC-worth of Gigamining, and maybe 10BTC-worth of YABMC. It could be implemented where all other orders automatically cancel once one of your 10BTC bid orders are fulfilled somewhere, partially or in full). ramble,ramble,ramble...
June 11, 2012, 03:26:27 AM
I guess it's someone transferring shares between accounts to avoid the transaction fee.
June 11, 2012, 03:23:12 AM
What happened ? COGNITIVE [email protected] Somebody mistyped ?
June 10, 2012, 02:34:29 PM
They've never disappeared for me. You probably voted right before they ended.
There is no notification of whether you voted, this is on Nefario's huge list of things to add/fix...
There is no notification of whether you voted, this is on Nefario's huge list of things to add/fix...
June 10, 2012, 09:25:48 AM
Having a hard time with GLBSE's motions... last time I voted, the motions disappeared after voting; now they stay up with no indication that my vote was registered.
June 10, 2012, 02:11:07 AM
All Shareholders:
If you want Cognitive to remain an awesome long term investment, please vote against Motion #7
If you want Cognitive to remain an awesome long term investment, please vote against Motion #7
June 10, 2012, 02:05:52 AM
You can't view GPUmax publicly, but here's a screenshot:
To view the Clipse stats head over to: http://bonuspool.co.cc/stats.php
And log in with case sensitive name: Cognitive
To view the Clipse stats head over to: http://bonuspool.co.cc/stats.php
And log in with case sensitive name: Cognitive
June 10, 2012, 01:56:40 AM
Is there a way to see the statistics somewhere for these two mining pools ?
June 10, 2012, 01:56:04 AM
Shouldn't there be a vote to recall the last vote (with a required quorum) and then if that passes vote on 1 to 6?
Effectively the same would happen this way, no? To recall, vote against option seven, in favor of other options. If you don't want to recall, vote for option 7, against others. Maybe this route lacks proper formality, however. There were 1560 votes explicitly against option 7 in the last vote. I would vote for a recall only if option 7 remained an option in the future vote, so that'd make 2838 votes explicitly in favor of a recall, 2019 explicitly in favor of keeping option 7, only factoring in my change-of-heart. However, I will not be participating in this re-vote, so (going by the last vote) there would be 2019 in favor of option 7, 1560 against. I imagine option 7 will eek by victorious in this re-vote, but Idunno.Take out my influence, and you get 1716 votes against option 3 (2nd best ratio of the motions first go-around), 1407 in favor. For option 7, 2019 in favor, 1560 against. Garr's also purchased additional shares, however...
June 10, 2012, 01:46:00 AM
Indeed. They still owe us some coins, and their payout system is slowly failing, so I wanted to get out before it goes bad.
Now all of are hashes are being directed at GPUmax and Clipse, with P2Pool as our fallback.
Because of this we will be earning a bit more per week.
June 10, 2012, 01:42:02 AM
Did you move out of eligius ?
http://eligius.st/~artefact2/7/1DfGiAHbW1jV8i4ZRcFpR6CGRkWnmdYdFb
http://eligius.st/~artefact2/7/1DfGiAHbW1jV8i4ZRcFpR6CGRkWnmdYdFb
June 10, 2012, 01:40:50 AM
Voting will close on June 13th at 06:00 pm GLBSE time.
Here are the motions again:
1: https://glbse.com/vote/view/47
2: https://glbse.com/vote/view/48
3: https://glbse.com/vote/view/49
4: https://glbse.com/vote/view/50
5: https://glbse.com/vote/view/51
6: https://glbse.com/vote/view/52
7: https://glbse.com/vote/view/53
Here are the motions again:
1: https://glbse.com/vote/view/47
Code:
This motion is first in a series of seven motions. The motion with the best for:against ratio will be put into effect. If two or more motions have the same for:against ratio the Operator will make the decision.
Continue with the plan as initially stated, purchasing as many Cairnsmore1 boards as we are able to with the already raised capital. This is because Enterpoint will not be able to include us in the June preorder, thus will most likely raise the price of the boards. Funds will remain dormant until Enterpoint allows payment. The expected shipping time is September 2012.
2: https://glbse.com/vote/view/48
Code:
This motion is second in a series of seven motions. The motion with the best for:against ratio will be put into effect. If two or more motions have the same for:against ratio the Operator will make the decision.
(Same as first but with CD)
Continue with the plan as initially stated, purchasing as many Cairnsmore1 boards as we are able to with the already raised capital. This is because Enterpoint will not be able to include us in the June preorder, thus will most likely raise the price of the boards. Funds will be invested in a CD earning interest until Enterpoint allows payment. The expected shipping time is September 2012.
3: https://glbse.com/vote/view/49
Code:
This motion is third in a series of seven motions. The motion with the best for:against ratio will be put into effect. If two or more motions have the same for:against ratio the Operator will make the decision.
Buy as many x6500s as possible with the funds. These will be delivered very quickly relative to other options. Remaining funds after the purchase will be put into a CD earning interest.
4: https://glbse.com/vote/view/50
Code:
This motion is fourth in a series of seven motions. The motion with the best for:against ratio will be put into effect. If two or more motions have the same for:against ratio the Operator will make the decision.
Buy as many ZTEX 1.15y boards as possible with the funds. Remaining funds after the purchase will be put into a CD earning interest.
5: https://glbse.com/vote/view/51
Code:
This motion is fifth in a series of seven motions. The motion with the best for:against ratio will be put into effect. If two or more motions have the same for:against ratio the Operator will make the decision.
Buy as many BFL Bitforce Singles as possible with the funds. This is possibly a good option because of the opportunity to trade up to BFLs ASICs in the future. Remaining funds after the purchase will be put into a CD earning interest.
6: https://glbse.com/vote/view/52
Code:
This motion is sixth in a series of seven motions. The motion with the best for:against ratio will be put into effect. If two or more motions have the same for:against ratio the Operator will make the decision.
Reinvest all funds back into Cognitive. This will ultimately increase dividends per share.
7: https://glbse.com/vote/view/53
Code:
This motion is seventh in a series of seven motions. The motion with the best for:against ratio will be put into effect. If two or more motions have the same for:against ratio the Operator will make the decision.
Pay the entirety of the funds as a single dividend. The dividend date will be announced two weeks in advance, most likely creating a large price spike and unpredictability immediately thereafter.
Shouldn't there be a vote to recall the last vote (with a required quorum) and then if that passes vote on 1 to 6?
June 10, 2012, 01:29:37 AM
Voting will close on June 13th at 06:00 pm GLBSE time.
Here are the motions again:
1: https://glbse.com/vote/view/47
2: https://glbse.com/vote/view/48
3: https://glbse.com/vote/view/49
4: https://glbse.com/vote/view/50
5: https://glbse.com/vote/view/51
6: https://glbse.com/vote/view/52
7: https://glbse.com/vote/view/53
Here are the motions again:
1: https://glbse.com/vote/view/47
Code:
This motion is first in a series of seven motions. The motion with the best for:against ratio will be put into effect. If two or more motions have the same for:against ratio the Operator will make the decision.
Continue with the plan as initially stated, purchasing as many Cairnsmore1 boards as we are able to with the already raised capital. This is because Enterpoint will not be able to include us in the June preorder, thus will most likely raise the price of the boards. Funds will remain dormant until Enterpoint allows payment. The expected shipping time is September 2012.
2: https://glbse.com/vote/view/48
Code:
This motion is second in a series of seven motions. The motion with the best for:against ratio will be put into effect. If two or more motions have the same for:against ratio the Operator will make the decision.
(Same as first but with CD)
Continue with the plan as initially stated, purchasing as many Cairnsmore1 boards as we are able to with the already raised capital. This is because Enterpoint will not be able to include us in the June preorder, thus will most likely raise the price of the boards. Funds will be invested in a CD earning interest until Enterpoint allows payment. The expected shipping time is September 2012.
3: https://glbse.com/vote/view/49
Code:
This motion is third in a series of seven motions. The motion with the best for:against ratio will be put into effect. If two or more motions have the same for:against ratio the Operator will make the decision.
Buy as many x6500s as possible with the funds. These will be delivered very quickly relative to other options. Remaining funds after the purchase will be put into a CD earning interest.
4: https://glbse.com/vote/view/50
Code:
This motion is fourth in a series of seven motions. The motion with the best for:against ratio will be put into effect. If two or more motions have the same for:against ratio the Operator will make the decision.
Buy as many ZTEX 1.15y boards as possible with the funds. Remaining funds after the purchase will be put into a CD earning interest.
5: https://glbse.com/vote/view/51
Code:
This motion is fifth in a series of seven motions. The motion with the best for:against ratio will be put into effect. If two or more motions have the same for:against ratio the Operator will make the decision.
Buy as many BFL Bitforce Singles as possible with the funds. This is possibly a good option because of the opportunity to trade up to BFLs ASICs in the future. Remaining funds after the purchase will be put into a CD earning interest.
6: https://glbse.com/vote/view/52
Code:
This motion is sixth in a series of seven motions. The motion with the best for:against ratio will be put into effect. If two or more motions have the same for:against ratio the Operator will make the decision.
Reinvest all funds back into Cognitive. This will ultimately increase dividends per share.
7: https://glbse.com/vote/view/53
Code:
This motion is seventh in a series of seven motions. The motion with the best for:against ratio will be put into effect. If two or more motions have the same for:against ratio the Operator will make the decision.
Pay the entirety of the funds as a single dividend. The dividend date will be announced two weeks in advance, most likely creating a large price spike and unpredictability immediately thereafter.
June 10, 2012, 01:16:24 AM
After about an hour editing the above post - I request a re-vote. Put them all up again and let us try again, please.
Thank you for changing your decision!
June 10, 2012, 01:13:40 AM
After about an hour editing the above post - I request a re-vote. Put them all up again and let us try again, please.
June 10, 2012, 12:06:53 AM
[12:49:17 AM] Ben Malec:
I initially voted for option 7 without doing the calculations. I've done them now. "a" represents how much BTC I'd have if you did the giant dividend. "b" represents how much I'd have with 2x normal dividends.
[12:49:18 AM] Ben Malec:
Mo1 - a=192.5, b=44
Mo2 - a=233.75, b=92.4
Mo3 - a=279.13, b=145.64
Mo4 - a=329.04, b=204.2
Mo5 - a=383.94, b= 268.62
Mo6 - a=444.34, b =339.49
Mo7 - a=510.77, b =417.44
Mo8 - a=583.85, b =503.18
Mo9 - a=666.43, b =597.50
Mo10 - a=755.073, b=701.25
Mo11 - a=852.58, b=815.375
Mo12 - a=959.84, b=940.91
Mo13 - a=1077.82, b=1079
[12:49:53 AM] Ben Malec:
(both assume I make 10% monthly off dividends without accounting for the week of the month I receive those dividends, and assumes difficulty doesn't change -- it's rough stuff)
After talking with Garr, it seems the x6500s would lead to ~40% increased dividends per week (~10GH/s total vs. 7.2GH/s), not 2x. But, it's still worth considering the options far more closely than I originally did. I'm sorry for the relatively thoughtless vote. May request a re-vote when I do numbers on the different boards.
w/X6500s (7.2GH/s -> 10GH/s):
Mo1 - a=192.5, b=30.8
Mo2 - a=233.75, b=64.68
Mo3 - a=279.13, b=101.95
Mo4 - a=329.04, b=142.95
Mo5 - a=383.94, b=188.05
Mo6 - a=444.34, b =237.66
Mo7 - a=510.77, b =292.22
Mo8 - a=583.85, b =352.24
Mo9 - a=666.43, b =418.26
BFL singles (7.2GH/s -> 12.19GH/s [keeping in mind Garr pays for electricity])
Mo1 - a=170.5, b=37.4
Mo2 - a=187.55, b=78.54
Mo3 - a=206.3, b=123.79
Mo4 - a=226.94, b=173.57
Mo5 - a=249.63, b=228.33
Mo6 - a=274.59, b =288.56
Mo7 - a=302.05, b =354.82
Mo8 - a=332.255, b =427.7
Mo9 - a=666.43, b =507.87
Conclusion: Singles would be the preferable non-dividend option, given Op pays for electricity, IF Singles could be delivered within a few months. A single would likely take ~5-10 weeks to deliver, while x6500s can be delivered within a week or two. However, even with the time delay, it would be far preferable to shareholders (perhaps not Garr's "electricity shares") for Cognitive to order Singles.
However, because it would likely take well over a year (in my particular case) for Cognitive purchasing FPGAs vs. paying a giant dividend to be preferable, I believe it to be the rationally-superior option for me to choose option 7, and thus will not change my vote.
ETA: OTOH, Cognitive's been "diluted" 28% for what can increase dividends 70% (after ~2 months' wait). The IPO was a huge gain for shareholders any way you slice it. Relative to before the last offering, Cognitive's now underpriced, IMO, though I do think all mining "stocks" (compared to bonds) are over-priced. Hm.... Now I'm on the fence. I request a re-vote, and I'll just sit on the sidelines.
ETA2: Fwiw, I didn't post the above numbers to try suggesting what other shareholders do, just me personally (BDK, I suppose). It's not a question of whether or not it's a good idea for Cognitive to buy BFL Singles (or, to a lesser extent IMO, other boards) with the money -- that's indisputable. It's just a question of opportunity cost for myself factoring in how I view the value of tangible equity in mining organizations vs mining bonds. I posted to justify my vote.
ETA3: Changed my mind one final time, voted for the singles, against giant dividend.
I initially voted for option 7 without doing the calculations. I've done them now. "a" represents how much BTC I'd have if you did the giant dividend. "b" represents how much I'd have with 2x normal dividends.
[12:49:18 AM] Ben Malec:
Mo1 - a=192.5, b=44
Mo2 - a=233.75, b=92.4
Mo3 - a=279.13, b=145.64
Mo4 - a=329.04, b=204.2
Mo5 - a=383.94, b= 268.62
Mo6 - a=444.34, b =339.49
Mo7 - a=510.77, b =417.44
Mo8 - a=583.85, b =503.18
Mo9 - a=666.43, b =597.50
Mo10 - a=755.073, b=701.25
Mo11 - a=852.58, b=815.375
Mo12 - a=959.84, b=940.91
Mo13 - a=1077.82, b=1079
[12:49:53 AM] Ben Malec:
(both assume I make 10% monthly off dividends without accounting for the week of the month I receive those dividends, and assumes difficulty doesn't change -- it's rough stuff)
After talking with Garr, it seems the x6500s would lead to ~40% increased dividends per week (~10GH/s total vs. 7.2GH/s), not 2x. But, it's still worth considering the options far more closely than I originally did. I'm sorry for the relatively thoughtless vote. May request a re-vote when I do numbers on the different boards.
w/X6500s (7.2GH/s -> 10GH/s):
Mo1 - a=192.5, b=30.8
Mo2 - a=233.75, b=64.68
Mo3 - a=279.13, b=101.95
Mo4 - a=329.04, b=142.95
Mo5 - a=383.94, b=188.05
Mo6 - a=444.34, b =237.66
Mo7 - a=510.77, b =292.22
Mo8 - a=583.85, b =352.24
Mo9 - a=666.43, b =418.26
BFL singles (7.2GH/s -> 12.19GH/s [keeping in mind Garr pays for electricity])
Mo1 - a=170.5, b=37.4
Mo2 - a=187.55, b=78.54
Mo3 - a=206.3, b=123.79
Mo4 - a=226.94, b=173.57
Mo5 - a=249.63, b=228.33
Mo6 - a=274.59, b =288.56
Mo7 - a=302.05, b =354.82
Mo8 - a=332.255, b =427.7
Mo9 - a=666.43, b =507.87
Conclusion: Singles would be the preferable non-dividend option, given Op pays for electricity, IF Singles could be delivered within a few months. A single would likely take ~5-10 weeks to deliver, while x6500s can be delivered within a week or two. However, even with the time delay, it would be far preferable to shareholders (perhaps not Garr's "electricity shares") for Cognitive to order Singles.
However, because it would likely take well over a year (in my particular case) for Cognitive purchasing FPGAs vs. paying a giant dividend to be preferable, I believe it to be the rationally-superior option for me to choose option 7, and thus will not change my vote.
ETA: OTOH, Cognitive's been "diluted" 28% for what can increase dividends 70% (after ~2 months' wait). The IPO was a huge gain for shareholders any way you slice it. Relative to before the last offering, Cognitive's now underpriced, IMO, though I do think all mining "stocks" (compared to bonds) are over-priced. Hm.... Now I'm on the fence. I request a re-vote, and I'll just sit on the sidelines.
ETA2: Fwiw, I didn't post the above numbers to try suggesting what other shareholders do, just me personally (BDK, I suppose). It's not a question of whether or not it's a good idea for Cognitive to buy BFL Singles (or, to a lesser extent IMO, other boards) with the money -- that's indisputable. It's just a question of opportunity cost for myself factoring in how I view the value of tangible equity in mining organizations vs mining bonds. I posted to justify my vote.
ETA3: Changed my mind one final time, voted for the singles, against giant dividend.
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