Hello everyone,
Here are some updates/answers to questions/other info:
- The CT units sent to Canada are at the border right now. They should pass through security tomorrow morning and arrive at the datacenter by noon.
Garr, if you're lurking, miners 3, 5 & 6 are down and 4 & 7 need a reboot. There seems to have been some power event at ~17:00 GMT
- Garrett was just at the shop troubleshooting. The hashrate should increase momentarily.
- In response to questions about where the hardware will reside after this month: hardware will be moved to a different data center only if it is more profitable to do so. For the same reason, some units may stay in Bozeman - it just comes down to the math. We can discuss this more in a few weeks.
- The results of the motion will be released on Friday, and verified using SHA-256 hashes.
- Garrett and I were thinking it would be a good idea to do an IRC where anyone can ask questions, give input, etc. We are planning to do the IRC from 9AM to 10AM Mountain Central Time this Thursday Mar. 27. Use the channel #cognitivemining at chat.freenode.net.
Goat, shouldn't we be doing this using the appropriate forum of shareholder meetings, motions, and agreements?
You've made clear your feelings towards Garr, now let's find the means to secure COG's future by using the appropriate processes and procedures necessary to form an agreeable corporate structure going forward.
Now with regard to that, we should establish a corporate structure which would basically be an board to which operations would report. In COG's case, we are somewhat limited by the options available, but I do believe we could form a three or four person board representing: Operations, Large Shareholders, Small Shareholders, and Chairperson. Operations will be held responsible to the board, who may raise a motion to remove anyone they may feel isn't completing their duties. The board will be responsible for scheduling shareholder meetings, agendas, and ensuring that reports are published in a timely manner. The board might also be a good interface for the exchanges in dealing with COG.
Operations will consist of:
Finance
Mining Support
Shareholder support and PR
Hardware acquisition.
Given the size of the operation, it will be acceptable for one person to hold more than one role starting out. This should give us enough flexibility to secure the smooth running of the operation as well as ensuring that shareholders interests are looked after and maintained.
This is just a constructive suggestion to try and share my knowledge on the matter, any other suggestions would be welcome.
- Garrett thinks this may be a good idea. Anyone who would like to give input on this idea, or who would be interested in becoming a board member, please email either Garrett or me. Of course, nothing will be decided without a motion, but we would like to see what kind of interest exists.