Topic: Starting a new FPGA mining farm/contract! Cognitive Resurrected on[Havelock] - page 48. (Read 300749 times)

Bye scamfuck puppeteer Garrett and hi fuckface Samuel.

**TRUMPETS** LET THE STEALING BEGIN CONTINIUE!

Thx Sam. Can we ask how many units have we ordered in total?

Samuel, take some pictures when you have time. People love pictures.

Here's an update on the progress of the new hardware:

Garrett has spent the entire day configuring the new units. On average, he has been bringing a new unit online every hour, and he has one more left tonight.

2 of the machines aren't working properly, so he plans to call CoinTerra tomorrow morning to try and get them fixed.


I will continue to keep you all updated!

- Samuel

Your inquiry is quite understandable, so here are your answers:

I am currently a freshman at Montana State University studying engineering. I'm from Hamilton, MT. I met Garrett here at MSU. We both live in the same dorm, and over the past few months we have become good friends. Garrett sparked my interest in bitcoin, and I recently became a shareholder. Separately, I have been doing the PR and marketing for a startup website my roommate founded called uPin. Garrett saw some of the stuff I was doing and liked it, so he hired me to do the PR for Cognitive.

As payment, Garrett has agreed to give me 100 shares of equity in COG. Garrett intends to raise a motion soon regarding this agreement, but he needed me to start work right away. If the motion to award me 100 shares fails, Garrett will pay me with his own shares. Garrett and I both believe that compensating me with equity is more beneficial for the company, because it provides me with a strong incentive to work hard and make Cognitive more successful.

If you have any more questions, comments, or concerns feel free to let me know.


Thanks,

Samuel

Hi. Care to share more about yourself? Now you are just a fresh account with the same name as the labcoin rep...

Do you live close to garret? Did you ever meet him? Will you? Are you a cognitive shareholder? I assume you get paid with part of the management cut. When will we get the financial report starting from october? Could we organize an irc q&a?

Both f1 and f2 will be converted to COG and start paying dividends when the remainder of the hardware arrives around the middle of next week.

- Samuel

You just said that, but yeah I can understand the impatience. These guys have been waiting a long while, especially f1. Hopefully they get converted immediately.

will the f1 and f2 get the dividends just as cog now?? because we get the machines hashing now, so i think we should converted the f1 and f2 to cog now !!!!

Hello everyone! This is Samuel, the new Public Relations specialist for Cognitive.


Many of you have expressed frustration at the lack of communication between the company and its shareholders. My job is to change that. From now on you can expect frequent updates about what is currently going on with Cognitive. Additionally, I will be here to answer questions and relay messages to Garrett.

Garrett will continue to be active on the forum, but he will be devoting more of his time and energy to managing the company's backend.


I'm excited to begin work for Cognitive, and look foreword to communicating with you all in the future.

We want pictures! As usual!

theterabyte, I will respond to your message when I have more time tonight, after business hours.


His name is Samuel, he will be operating from the accounts Cognitive-PR and [email protected], and will be introducing himself within the hour.

will the f1 and f2 get the dividends now just as cog now?? because we get the machines hashing now, so i think we should converted the f1 and f2 to cog now !!!!

This is great news.  This is what we need to see more of.  Thank you for providing an independent party to verify the source of payments to the 1Garr address.  Thank you for working to get the machines hashing ASAP.  Also, thank you for committing to moving all funds into a transparent place.  Now, once they are all set up, please don't stop there!  We still have a lot of work to do to turn cog around and prove the trolls wrong.  Kako might be an annoying asshole, but many of his "doom and gloom" criticisms still have yet to be addressed!

The following things are still of critical importance IMO:
1. Ensure that the new address where all COG funds are stored will be verifiable and contains *all* the expected "reinvestment" funds (so it should have 50% of all divs since the time of the last CT order, right?)
2. Ensure that all of our hardware is using a visible pool like eligius, against the same address, and has backup pools should eligius go down, for best uptime
3. Ensure that the pools we use, along with their deposit address, are all documented ON THE WEBSITE (for BTC and scrypt miners) (we can't be digging through this entire thread to get critical info like our current hashrate, payout address, etc)

Once all of these are done, the "present" is taken care of, and there can be no question about stolen funds moving forward, the only questions are about the past.  To clear those up, we'd like to see the following:

1. The long-promised financial report.  How much did our CT order cost exactly?  What money came in/out last year?
2. What payout address was in use during the infamous "missing div" period?  Was the discrepancy due to your error, the pool's error, bad luck, or something else?  Any answer is better than no answer.

Finally, after that in priority, it'd be nice to have a discussion about next steps.
1. Tell us more about this PR person
2. What does our reinvestment fund look like?  Are we still in talks with CT?  Will we be placing another order soon?  How are the scrypt machines doing, is their return making that look like a better plan than more ASIC based hardware? (imma guess "probably not", but worth considering)

EDIT: according to my calculations, using *just* the divs paid while at Havelock, the total divs paid are:

( 0.00004482 + 0.00003787 + 0.00003650 + 0.00009597 + 0.00003463 + 0.00006925 + 0.00018734 + 0.00014051 + 0.00024161 + 0.00050147 ) * 10420 => 14.4834874BTC

This means if 50% of income is paid to reinvestment, we should have over 15BTC saved up, right?  How long before the BTCT->Havelock transition was the cointerra deal done?  does anyone have the BTCT data handy?  *OR* - Garr - the financial report should cover this and show exactly how much BTC our reinvestment fund contains, and we expect it to be at least that much...

The actual hashrate there is ~1.8th/s which I am receiving as a management fee for running machines owned by ineededausername . He is a very reputable and trustworthy member here; PM him and he will be happy to verify.

what about the 2-4TH that has been mining to your 1garr BTC address?

I have sorted out an employee to handle management of PR, which is much needed. He currently is an equitable partner of uPin and does a great job with PR for them.

Hi All,

Six units arrived and began hashing yesterday. I have not been responsive on the forums or made any announcement because I have been busy actually acquiring the hardware and bringing it online.

All hashing from the CoiTterra units is publicly viewable here: http://eligius.st/~wizkid057/newstats/userstats.php/1cogxXyYU2EXEbdcV9j18PWenRU7gAjt1

Here is a tracking number for the boxes: http://wwwapps.ups.com/WebTracking/processRequest?HTMLVersion=5.0&Requester=NES&AgreeToTermsAndConditions=yes&loc=en_US&tracknum=1Z7658VA1341916343&WT.z_eCTAid=ct1_eml_Tracking

Today, I will move all of Cognitive's BTC holdings to a single address and publish that address.

I will respond to everyone's comments on the forum once I have finished the actual work, because that is the priority and always has been.

Will be back today multiple times with new updates.

--Garrett

I agree that his broken promises are pure market manipulation. He might have done the same with the "late" delivery of the bfl gear.
I think the safest option might be to sell all assets and close this "coop"...

I don't know if it is incompetence or graft but it looks like Garr is intentionally running this company into the ground with false promises. We don't need staff, we need new management. How can this be accomplished? Any ideas?

 Garr will you hand management over to someone of the shareholder's choice voluntarily and become a shareholder yourself?