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Topic: Starting a new FPGA mining farm/contract! Cognitive Resurrected on[Havelock] - page 29. (Read 300686 times)

hero member
Activity: 770
Merit: 509
Quote
These are the most advanced chips and boards revealed to the mining industry, being sold here first!

At 3000$ for 700-800gh the above statment is not true.

This gets better every day. So even though hashfast are due much hardware to forum members, you expect to team up with them and have your own production line..... when will all the hash fast customers get thier orders?

Quote
Cognitive is funding a parallel production line of Hashfast Evo boards (http://hashfast.com/shop/sierraevo/) so as to not interrupt the Hashfast order chain.

Basically says hashfast customers are still screwed.

So they are they using investor funds to bail out one of the most failed and least reputable mining companies and are blatantly bullshitting by claiming $4/GH for an incomplete miner is anywhere near competitive.

Quote
800+ is achievable with proper cooling"

More bullshit.

Looks like COG is trying to pull a hashfast.
legendary
Activity: 1036
Merit: 1000
Nighty Night Don't Let The Trolls Bite Nom Nom Nom
Quote
These are the most advanced chips and boards revealed to the mining industry, being sold here first!

At 3000$ for 700-800gh the above statment is not true.

This gets better every day. So even though hashfast are due much hardware to forum members, you expect to team up with them and have your own production line..... when will all the hash fast customers get thier orders?
hero member
Activity: 770
Merit: 509
member
Activity: 109
Merit: 10
This is a clarification about the law suit.

No, you do not need to be a current stock holder. What you do have to do is have lost a significant amount of wealth due to the fraud or unlawful incompetence of Garr.

If you bought shares a week ago, not what we are looking for sorry. If you held for well over a six months even if you don't hold the stock now, we are looking for you.

Thanks.

I bought over 5% of Cog at it's IPO and held the position as the stock was more and more diluted.  There were a couple times it was worth about $20k (too bad I didn't sell then) and with all the issues I finally gave up and started to liquidate last week at around .05 to .03 BTC per share.  I now have about 65 shares that I couldn't dump because there was no support.

Assuming Garr never liquidated his 10% of all shares I have no idea why he wouldn't have tried to work harder and be more transparent.  My only conclusion is that he was manipulating share price to his gain, personally mining, or engaging in a number of other activities for his personal gain instead looking out for Cognitive's best interests.
legendary
Activity: 1057
Merit: 1000
The Experience Layer of the Decentralized Internet
I  wonder when will the havelock open for trade of cog again?
legendary
Activity: 1176
Merit: 1001
I've just checked the last 10 pages, and this wasn't posted:

Quote
On 19/03/2014 17:49, Garrett wrote:>

> I apologize for the vagueness, I cannot reveal the exact numbers. The
> main thing to note is that this will not in any way change the rate at
> which existing HashFast customers receive their units, until after our
> agreement is fulfilled, then it will expedite the rate at which existing
> customers receive units. This is a win-win all over.

[cut]


On 03/19/2014 05:30 PM, Garrett wrote:

> The situation right now is: HashFast is short on money, I am paying
> for a new, separate production line to begin and will be recieving the
> profits from it an it's first few thousand boards. Beyond this,
> HashFast will take control of the line producing Evo boards and will
> be able to serve customers much faster than before.
>
> The hashfast directors, myself and my partner, and both of our lawyers
> have talked it over and it is a go from everyone legally.
>
> Cheap hashpower for all, and the ramp-up of a new production line for
> HashFast customers. This is a total win-win situation.
>
> Best,
> Garrett
>
>
>>>>> On 19/03/2014 15:18, Garrett wrote:
>>>>> Hello all,
>>>>>
>>>>> As of today, the 19th of March, Cognitive has entered a
>>>>> partnership with
>>>>> HashFast to open a parallel production line and resell HashFast
>>>>> chips.
>>>>> We will be selling Cognitive branded Hashfast "Evo" boards
>>>>> (http://hashfast.com/shop/sierraevo/) for April delivery or your
>>>>> money
>>>>> back. Starting on the 4th of April, 2014 we will be producing and
>>>>> shipping 300 boards per day achieving an average (+/- 10%) of
>>>>> 750Gh/s each.
>>>>>
>>>>> The boards are available for purchase at
>>>>> http://cognitivehardware.com/
>>>>> <http://cognitivehardware.com/index.php?route=product/product&path=33&product_id=50>
>>>>>
>>>>> today.
>>>>>
>>>>> If desired, I can provide you a private link that displays the
>>>>> realtime
>>>>> hashing output (cgminer feed + eligius address) of a single Evo
>>>>> board.
>>>>>
>>>>> Best,
>>>>> Garrett
>>>>> CEO, Cognitive
>>>>>
>>>>>
Posted from Bitcointa.lk - #xMeVwk86wAtCGfkS
sr. member
Activity: 299
Merit: 250
Esp if you are the one counting the votes.

I will publicly post hashes and vote counts, so there is no way to fake motions/votes. Do you agree?

No I do not agree. There is no way running away is going to save you from your past actions. All it will do is make it so more people, the newer inverters, can also sue your ass. You should really lawyer up.
Fairly large shareholder who bought in a while ago here.  I'm definitely up for a vote.  This company needs to be taken out of the hands of Garrett.  I've lost plenty of BTC watching this company tank, and if there's a lawsuit I'd like to get in.

I'm also in similar situation. I can give some financial support in case lawsuit route is taken. But although not deserved, would like to give this last credit to Garr and  see what happens in 5 days time.

And to add, trust is lost and I see motion for change of leadership as mandatory. Although it won't be easy to find a replacement, since I don't see many people rushing to take the hot chair...
hero member
Activity: 756
Merit: 501
The hosting for these units was going to be piggybacking on a larger hardware order from hashfast that ineededausername and I coordinated. The 1 megawatt facility hasn't been paid for yet because the hardware hasn't arrived, therefore we are not able to piggyback on this other order's facility and are scrambling for another. It is my fault for not preparing a plan B, and it is Hashfast's fault for not delivering in November when they were supposed to, and instead of saying how much longer it will actually take, followed the BFL model and kept saying "A little longer".

LOL.  Nevermind Goat, you are very likely to be sued by the hosting company that set up 1 MW of facilities for you.  Do you have any idea of how much capital that would have cost?

And if you have such a great relationship with Hashfast why hasn't ineedausername's machines been delivered?
newbie
Activity: 42
Merit: 0
Wow Garrett. Color me impressed. You’re one of the good ones. I downsized my portfolio considerably after the fallout from BTC-TC but I’m really glad I kept a few COGs and am thinking about grabbing a few more having been reminded how awesome are.

Keep up the great work!!


nice first post sock puppet.

Maybe he's just incredibly sarcastic. Great username though.
newbie
Activity: 2
Merit: 0
Wow Garrett. Color me impressed. You’re one of the good ones. I downsized my portfolio considerably after the fallout from BTC-TC but I’m really glad I kept a few COGs and am thinking about grabbing a few more having been reminded how awesome are.

Keep up the great work!!
hero member
Activity: 843
Merit: 1001
just keep on working. someone do not represent all of us. form glsb to btct ,now hl, you did not run away.you prove youself. garr
newbie
Activity: 42
Merit: 0
...
Either way AM chips are the way to go.

Long term yes but you have to consider board manufacture, testing, housing etc. It may be better not to do that solo but get in with a group to produce en masse.

YoYa,
As far as I can tell we have 8 units hashing at 1.2 TH/s in Montana. 6 units on their way to Montana from Washington. Some or all of these units will be forwarded to the Canada center. Although, I suggest we keep some of the current units in Montana just to spread the risk.

With 14 units hashing between 1.2 and 1.6 TH/s, I expect us to be hashing at between 17 and 22 TH/s by Friday.

--EDIT--
This should have us earning between 1.78 and 2.30 BTC per day at the next predicted difficulty.

Assuming, of course, that everything goes as planned.
hero member
Activity: 770
Merit: 509
Perhaps you should plead with someone who holds enough AsicMiner shares to franchise. Or take out some student loans rather than pool/divert income from shareholders.

I don't think you need to own AM shares to franchise. Just a buttload of cash.

Either way AM chips are the way to go.
hero member
Activity: 583
Merit: 500
Bitcoin for all & all for Bitcoin
Perhaps you should plead with someone who holds enough AsicMiner shares to franchise. Or take out some student loans rather than pool/divert income from shareholders.
hero member
Activity: 809
Merit: 501
Always verify deals with me through my public key!
Whatever it takes to get this show on the road, Garr. Raising funds may be difficult though.
Just don't lose focus on getting COG's current hardware hashing.

Speaking of, Garr the six units currently enroute are news to me. Had you mentioned this previously?

We might want to give some consideration around this for the sake of good comms and setting expectations. My understanding from your previous comment was that these were sent direct to the datacenter which didn't work out.

Would this mean that these units as yet have been unopened and are untested?

If this is the case, than it would be suggested that you outline the exact nature of the technical issues you have been experiencing in getting the miners you received directly to run smoothly and how this may relate to ensuring a successful implementation in the canadian data center. Technical info has been scant, but it's worth keeping in mind that sharing info and dealing with the pita queries now will save you future pain.
newbie
Activity: 42
Merit: 0
Soon....

I'm really starting to hate that word.  Grin


Would CoinTerra or BitMAIN be acceptable options?

If you can swing a deal with either, we could be in a decent position. If we had the option, I'd be inclined to go with BitMain myself.

I have good relationships with heads of both producers and will be able to get hardware at competitive rates.

It's definitely in everyone's best interest to let me get the hashpower of Cognitive up however I can, whether it means taking out a loan in the form of hardware from one of these producers, or anything else.

Whatever it takes to get this show on the road, Garr. Raising funds may be difficult though.
Just don't lose focus on getting COG's current hardware hashing.
legendary
Activity: 938
Merit: 1000
What's a GPU?
Would CoinTerra or BitMAIN be acceptable options?

If you can swing a deal with either, we could be in a decent position. If we had the option, I'd be inclined to go with BitMain myself.

I have good relationships with heads of both producers and will be able to get hardware at competitive rates.

It's definitely in everyone's best interest to let me get the hashpower of Cognitive up however I can, whether it means taking out a loan in the form of hardware from one of these producers, or anything else.
legendary
Activity: 1036
Merit: 1000
Nighty Night Don't Let The Trolls Bite Nom Nom Nom
asicminer gen3 is specified to be 500w per 1TH and hopefully around $2500. Soon....
newbie
Activity: 42
Merit: 0
Would CoinTerra or BitMAIN be acceptable options?

If you can swing a deal with either, we could be in a decent position. If we had the option, I'd be inclined to go with BitMain myself.
legendary
Activity: 938
Merit: 1000
What's a GPU?


If I could come up with a plan to triple our hashrate out of pocket that would be very fair compensation. I have connections with enough hardware producers to make this happen.



Working with Hash Fast would pretty much guarantee my future actions.

Would CoinTerra or BitMAIN be acceptable options?
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