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Subject: RE: Hosting Expenses Motion
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Topic: Starting a new FPGA mining farm/contract! Cognitive Resurrected on[Havelock] - page 22. (Read 300686 times)
March 31, 2014, 11:10:26 PM
March 31, 2014, 10:39:11 PM
Beside the fact that votes may not be accurate, why would anyone not want to liquidate hardware?
Surely it would be better to find a cheaper datacenter and fill it up with next gen asicminer chips.
Surely it would be better to find a cheaper datacenter and fill it up with next gen asicminer chips.
March 31, 2014, 10:35:40 PM
For months and months Goat? Then why weren't you bitching at least one quarter of months and months ago? I'm with silver and alincon (who if you remember was making a fuss not too long ago, and now seems appeased.)
Didn't vote for liquidation, and won't.
e: also Goat, if you feel like throwing bitcoin away.. <--------
Didn't vote for liquidation, and won't.
e: also Goat, if you feel like throwing bitcoin away.. <--------
March 31, 2014, 09:50:08 PM
No I did not remember where it came from but point taken. In all honestly the way you behave sometimes makes it is easily confusing for me despite that.
March 31, 2014, 08:59:56 PM
Isn't that what your account is for 
March 31, 2014, 07:45:07 PM
While you're at it please take Havelock to court for freezing assets.
Good luck with that.
March 31, 2014, 07:24:56 PM
While you're at it please take Havelock to court for freezing assets.
March 31, 2014, 06:48:34 PM
No one's heard from Garrett regarding the vote tally. I didn't vote for liquidation and, to be clear, was not dumping shares before the trading halt..
March 31, 2014, 06:37:53 PM
Hi, I'm reading everyone talking about voting results indicating liquidation, and I'm wondering where they are?
Being myself the largest COG shareholder after Garr and not having voted for liquidation, I'm quite surprised of this supposed result.
Being myself the largest COG shareholder after Garr and not having voted for liquidation, I'm quite surprised of this supposed result.
Did you do your own calculations? You might be the only one who doesn't want to liquidate.
1/3rd earnings already paying for the absurdly expensive electricity.
Max they can earn from mining with 20th is like 50btc.
Max they can earn from liquidation is like 300btc.
Easy choice if you ask me.
March 31, 2014, 06:22:41 PM
Its sad because just a week before you sold your shares at 0.002 I had purchased a few at 0.08 now its likely I will get nothing back. I agree that the liquidation should happen at this point I just want anything back I don't want to lose again after what happened with basic-mining.
The only thing is if Garr has been stealing money from this operation like you say then how do you expect him to liquidate the hardware and pay us. Won't he just keep stealing?
The only thing is if Garr has been stealing money from this operation like you say then how do you expect him to liquidate the hardware and pay us. Won't he just keep stealing?
March 31, 2014, 06:01:59 PM
I have to say that it is very irresponsible for Havelock to stay silent for this long. I haven't received an email (although I have gotten about 5 emails plugging the same offering), no mention of it here, none on Havelock. What gives?
Yeah, there really should be more communication.
What happened with the attempt to buy btct.co from burnside? That was a much better exchange. Particularly the motion system.
Agreed. btct.co was excellent in many respects. I wonder who bought it, if anyone?
Why did you sell @0.002 Goat?
I paid between 0.25-0.6 for the majority of my shares of cognitive, 0.002 is pretty much dust. I understand the desire to get something, anything but sheesh.
March 31, 2014, 05:26:08 PM
I have to say that it is very irresponsible for Havelock to stay silent for this long. I haven't received an email (although I have gotten about 5 emails plugging the same offering), no mention of it here, none on Havelock. What gives?
Yeah, there really should be more communication.
What happened with the attempt to buy btct.co from burnside? That was a much better exchange. Particularly the motion system.
March 31, 2014, 05:21:10 PM
I have to say that it is very irresponsible for Havelock to stay silent for this long. I haven't received an email (although I have gotten about 5 emails plugging the same offering), no mention of it here, none on Havelock. What gives?
March 31, 2014, 05:15:31 PM
The only people who want to liquidate are the ones who bought all their shares at ฿0.002
I am the only one who sold at .002 BTC and i bought most of my shares in the .6 to 1 BTC range.
We do not like taking this loss but clearly with Garret running this show it is best to get back what we can from the units. The math does not lie. There are also other options that some of us are taking to get some of the funds back as well, and really you don't want Garr having control over your BTC when that stuff hits.
And anyway like it or not, Garr had a vote and the vast majority have voted for liquidation. It needs to happen now.
That's probably what triggered Havelock's alarm and caused them to freeze trading.
I think they implemented it to catch hacked accounts dumping shares like guybrush01's situation a few weeks ago.
But the fact they kept it locked down until Garr can get hashing power up and running is pretty much illegal. Havelock and Garr knows that this is not a "hacking" and they are manipulating the trading in a highly illegal way.
It's an unregulated exchange though. I don't know what (if any) laws would apply here.
But, yes. It shouldn't have happened. This whole situation is a mess.
March 31, 2014, 04:56:22 PM
The only people who want to liquidate are the ones who bought all their shares at ฿0.002
I am the only one who sold at .002 BTC and i bought most of my shares in the .6 to 1 BTC range.
We do not like taking this loss but clearly with Garret running this show it is best to get back what we can from the units. The math does not lie. There are also other options that some of us are taking to get some of the funds back as well, and really you don't want Garr having control over your BTC when that stuff hits.
And anyway like it or not, Garr had a vote and the vast majority have voted for liquidation. It needs to happen now.
That's probably what triggered Havelock's alarm and caused them to freeze trading.
I think they implemented it to catch hacked accounts dumping shares like guybrush01's situation a few weeks ago.
March 31, 2014, 04:47:35 PM
The only people who want to liquidate are the ones who bought all their shares at ฿0.002
I am the only one who sold at .002 BTC and i bought most of my shares in the .6 to 1 BTC range.
We do not like taking this loss but clearly with Garret running this show it is best to get back what we can from the units. The math does not lie. There are also other options that some of us are taking to get some of the funds back as well, and really you don't want Garr having control over your BTC when that stuff hits.
And anyway like it or not, Garr had a vote and the vast majority have voted for liquidation. It needs to happen now.
March 31, 2014, 04:42:10 PM
Thanks for the math work guys. It's pretty obvious what needs to happen. Unfortunate and costly to us all. Let's bury this and be on to better things. I actually voted for the continuation of cognitive but can now see that it is a losing proposition. Blah
Same here. Last week it was on the line. Some careful work could have turned it around. Now, events are working against us.
Hash rate is 22 TH/s now. Shame it wasn't a month ago.
The average price of the last 10 TerraMiners sold on ebay is $7,900. At the current exchange rate, that's 16.81 BTC per unit.
The "liquidation camp" is forgetting a few important things:
1. Taxes on units sold for USD
2. Ebay's substantial fees. $7900 per CT unit will actually be more like $7200
March 31, 2014, 03:25:05 PM
The only people who want to liquidate are the ones who bought all their shares at ฿0.002
March 31, 2014, 12:29:18 PM
I highly suspect Garr will either resist or just steal the BTC and/or equipment. Is there someone willing to take over just the selling of our hardware?
We need to get this sorted ASAP and as we all know how Garr just ignores issues for months I think it is better for someone else to do it.
And no, that personal can not be me.
Thanks
We need to get this sorted ASAP and as we all know how Garr just ignores issues for months I think it is better for someone else to do it.
And no, that personal can not be me.
Thanks
March 31, 2014, 11:08:58 AM
...
The Active Mining situation will bump difficulty growth to the high side of the 15-20% range. We were looking at growth in the top of the 10-15% range until Friedcat's gen 3 hit the market but Active Mining's ~4 PH/s will bump it up in the mean time.
...
The Active Mining situation will bump difficulty growth to the high side of the 15-20% range. We were looking at growth in the top of the 10-15% range until Friedcat's gen 3 hit the market but Active Mining's ~4 PH/s will bump it up in the mean time.
...
Active Mining will do no such thing. Active Mining is currently reselling HashFast boards, if Ken is to be taken at his word (which has always proved to be a mistake). Active Mining's contribution to the hashrate, again if we take Ken at his word, is going to be negligibly small.
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