Topic: Starting a new FPGA mining farm/contract! Cognitive Resurrected on[Havelock] - page 30. (Read 300744 times)

Again, within six days we will be hashing in Canada with an excellent bitcoin mining company there.

Before any threats of legal action, I must say that in a year's time if things remain peaceful I will likely be in the position to pay everyone who desires back their initial purchases, and I will consider the signing of contracts with those who this would be fair compensation for.

It is a provable fact that much of the downtime we are all fighting over was out of my control. Other hardware providers delivering late so the datacenter wouldn't host just a significantly smaller batch of hardware... it's all been a mess getting things online.

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.

All I ask for is time, and I know everyone will receive fair compensation. Please email me and I will be happy to begin negotiation on what you think is fair.

I want this to be a peaceful resolution; That is in everyone's best interest.

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

Thanks.

As said earlier, once the hardware is online by this Friday, I will peacefully resign if 50% of shareholders desire.

This time my promises are back up with actual evidence: see the emails I've sent. I can provide a copy of the agreement with the Canadian bitcoin mining company to any shareholder who desires it.

Please, before accusing me of lying, make sure you're speaking the truth.

^ This 100%
Goat easily has the right of this. Shareholders that entered at .6 (oops, me) lost 300x (yes, times) their money from Garret's incompetent ass. The transparency is a joke (at best!), we have -no- idea if Garret is truthful, he would -have- to -prove- that he has been.

I don't even believe trading on Havelock should be allowed to be re-opened up. It allows wayyy too much of a conflict of interest on Garret's part. Maybe he was trying to drive the price down on purpose so that he could buy up all the god damn shares on -fractions- of pennies on the dollar, lol, -after- he used our CT gear to mine for himself. (OMG the perfect crime!(how could -anyone- find out!?))

Again, the transparency is an utter -JOKE- at best. How many months did Garret claim we were solo mining. SOLO MINING! for Christ's sake, another convenient lie that is perfectly unprovable.

I hate to sound like this is a conspiracy, but we are talking about hundreds of thousands of $$$ worth of money that is in the hands of some dumb kid.

I think Goat is correct on all counts against Garret. In six days maybe Garret 'loses' the hardware or finds a better way to F his shareholders. Garret is delusional if he thinks he is in this for the shareholder's best interests.

-EDITED-

All im seeing here are more promises and statements similar to previous replies  (from months back regarding transparency, dividends and financial reports) we've all witnessed by an assurance of just wait another week. Another week and Cognitive is turning a new leaf. Words are free and cheap, consequences costly and brutal.

Well days turn to weeks and weeks into months. You can't fight network hashrate and difficulty with procrastinated patience of "defective" overpriced hardware. 600BTC (?) gone and no place to run it, plan b or not, I wasn't the only to ask where and how this "28TH" was to run efficiently. Shareholdings diluted with near zero incremental income. How can you argue that you have Cognitive's best interests in mind?

Hardly anything changed then, why is the present different? This Ultimatum of yours should have been provided a quarter year ago. Now Havelock stepped in to halt trading. How is their pending investigation going and what exactly does that consist of?

I fear it's far too late for Cognitive to ever catch up and be profitable, yet all those concerns and questions brought up over the years downplayed time after time.

The saga of BTC securities are as entrancing as the investors are fruitless.  

I'm a long time holder of cognitive and a fairly large one at that. I say give him the 6 days.

I'm all for YoYa's plan as well.

I plan on making it up to everyone. Let's be productive instead of destructive.

Our hardware will be hashing by Friday so I have no reason to object here.

Meanwhile, those investors you represent lose any chance of recovering even a fraction of their investment. Take it to them. Ask them if they're willing to wait 6 days for a chance of recovering at least some of their money.


I'm all for this. It's the most pragmatic approach at the moment.

Thank you for your voice of reason.

Goat, I have not committed any sort of fraud.

I agree that after this hardware comes online, it will be in Cognitive's best interest to set up a formal corporate structure whether I am managing it or not.

Regardless what happens, I will always do my best to act in the best interest of Cognitive's shareholders.

Never attribute to malice that which can be explained by incompetence. The urgency that COG is now showing was warranted a month ago, but we are here now.

It's hard to advocate constructive actions when the air is poisoned, but I do feel we should agree some parameters that ensure all our interests are protected.

I would see it as following:

Success: - We are mining at 18+TH/s by next Friday. COG agrees to hire external support to produce financial reports as well as arranging a 24/7 support contract. COG comm's with reopening on Havelock be discussed openly and transparently so that shareholders can make informed decisions to stay in or get out before market relisting. Dissatisfied shareholders enter in to remediation talks to change COG to a more agreeable corporate structure going forward.

Failure: - COG shareholders agree liquidation process with legal support from dissatisfied shareholders. Lawyer up.

I realise these suggestions might not be to the liking of all concerned, but this is about how we proceed not how we argue which will ultimately define the outcome for all shareholders.

This is a good point. The nearest equivalent to Cognitive was bASICMining run by creativex/timonex/Eric Corlew. He disappeared pretty quickly. Of course, Garrett would have a harder time disappearing; he's lit up like a Christmas tree.


For what it's worth, I believe him. Garr hasn't been doing a particularly good job lately, but Cog is still moving. Finances are a good deal more transparent now. We have a hardware inventory now. We'll have more hardware online "Soon"(TM). It's far from ideal but it could be worse. As far as I can tell, Garrett has not been acting maliciously.


This is a problem. Goat, what do you think the outcome of suing will be right now. Courts may seize what little cash Garr has, maybe his car and the CoinTerra hardware. By the time courts release the hardware to us, it will be worthless. I doubt Garr has much cash lying around or houses or Lambos. Any bitcoin he has cannot be given to us by the court because that is one of the reasons bitcoin was created. It's resistant to seizure.

All we will gain by taking the legal route is satisfying the "urge for revenge" while simultaneously making sure we will never recover any value from this. Give him some time to get our hardware running and making money. If he can't do it by his deadline, then feel free to do the legal song and dance.

So your interest in this is preserving the wealth of others? That is noble of you, and I think your approach could be better. What about allowing me to get the machines online, which is in the best interest of everyone's wealth, and then we find a way to settle on all of this. The share price currently is panic driven and will increase dramatically once all of this hardware goes online, you know that as well as the rest of us.

Like I said previously, our interests are aligned, we just have different ways of pursuing them. If, at the end of next week, you and the shareholders believe Cog is still being mismanaged, I will peacefully resign.

That is my confidence level in this one-week restoration of Cognitive, it's share value, and it's shareholder opinion.

Edit: Do you think a fair way to determine this would be to raise a motion, and if over 50% of shareholders want me to resign, I'll do it?

Alright then. One more question for you Goat: Why are you choosing to target the one mining company who always has put shareholders' best interests first? Many will agree with this and all but you who have responded to the latest news via email have been positive and looking forward to the future of Cognitive.

And Jared, I know you are a believer that suing is the best option, remember when I convinced you not to sue CoinTerra because a more beneficial situation would come out of a peaceful conversation? It is the same case in all situations when neither party has malicious intents. I assure you my intentions are not malicious, so it would only be logical to proceed if yours are.

Whatever you choose to do, I will be on the side of the majority of the shareholders and continue working to bring the hardware online as my number one priority. (Tracking numbers provided on the last page)

All hardware is scheduled to be hashing Wednesday, two days before the deadline I have promised us all.

Regards,
Garrett

What was the period we were still solo mining?

Yes I did give confirmation, because there is literally nothing to hide.

Garrett actually gave public permission yo contact cointerra in regard to their communications and he said to use that post as his reference to allowing cointerra to give the info to shareholders.

Well done goat! I contacted support of cointerra but they were not saying anything.

As stated in my two posts, I am perfectly fine with you posting this, and I plan on posting it myself (because I am all for transparency), after we receive confirmation from the WA datacenter that the units there were not running, therefore I was not stealing coins.

I have never stolen from Cognitive, and I never will.

Goat, I did not pay dividends while moving exchanges, then I paid a large, cumulative dividend when we finally moved. Please explain why you think this is unreasonable.

In the voicemail I just left you, I stated that it is provable by trusted third parties that I did not steal any coins as you are accusing.

(Because of my relationships with all of the top mining hardware producers) Shareholders will indeed be able to recover and exceed initial investments and it is my top priority to see that to fruition.

All I ask is to give me six days, and I will be able to prove to you that I am not the enemy.

Best,
Garrett