Topic: Starting a new FPGA mining farm/contract! Cognitive Resurrected on[Havelock] - page 53. (Read 300686 times)

are we hashing now？

Sup goat, cog not going as well as you hoped shilled for?

So how much of that fat ole dividend was from the scrypt mining gear?

Really hope to see some pictures of some cointerra machines merrily hashing away...
But as some  eloquent dude once said; Hope springs eternal...

It's nice that you're still willing to give Garrett the benefit of the doubt, but this is not the first time dividends have been withheld or missing.

At current difficulty:

1.0/(2.621*1000*1000*1000*(2**32)/(0.750*1000*1000*1000*1000)/(60*60*24))*(25)*7*(0.98*0.5*(1/10420.0)) => 0.000043712 (actual 0.00003650)

At previous difficulty:
1.0/(2.19*1000*1000*1000*(2**32)/(0.750*1000*1000*1000*1000)/(60*60*24))*(25)*7*(0.98*0.5*(1/10420.0)) => 0.00005669
(actual 0.00009597)

This is only two data points, but you guys can do the remaining math yourself.  +/- 50% is not unusual when using smaller pools.  If things are orders of magnitude off (like the missing divs), that is when we have a problem.

Using my previously invented "instantaneous annualized return", at a share price of 0.04 we are currently making 4.745%.  Obviously, this will jump massively when the cointerra hardware arrives.

EDIT:  also, we see a "low week" followed by a "high week" followed by a "low week" - the obvious explanation is payouts happen every few days, and the high week had more paid out, possibly including some divs from the prior week, and the low week had btc still in the pool waiting to be paid out.  this is why more data is needed and there is insufficient evidence for lower-than-expected results at this time.  Also, I am assuming 2% pool fee above, it could also be 3 or 5%.

2014-02-03    0.00003650
2014-01-20    0.00009597
2014-01-04    0.00003463
2013-12-29    0.00006925
2013-12-21    0.00018734
2013-12-14    0.00014051
2013-12-08    0.00024161

Highly variable amounts and variable payment dates. Even at this low share price has been paying less than 2% annual return

Also divs still appear to be very low for the 750ghs we are suppose to have and 50% going towards more hardware.

Only cointerra has control over that obviously. 

where are the machines now? you said it will be arriverd jan, now is feb

I thought you had it figured out by now.

To get money out of this scamfuck you need to do beg'n'threat for a few days while jerking his dick off. Once everythins is set, put 2 fingers up his ass and some bitcoin change will fall out. Repeat until you got your money back.

We received a dividend on 01/20, and on 02/03, but not the one on 01/27...

That pool is shit in my opinion. We better try an other.
Garrett probably have trouble setting up the RIG because he went offline or maybe he is trying different pools with new addresses to see which is the best.

appears to have not been mining there for several hours

There may be a problem with that pool its speed and user seems to be steadily declining

Where can I see the hashrate on tompool? Could you specify the address?

If you didn't have to sign an NDA, why did Garr have to sign an NDA for this "first round" of orders?

Did you have to sign an NDA as well?

We still have no evidence that COG dividends won't continue to disappear. That issue has never been addressed and all our requests for more information have been ignored. It's great that he partially repaid FIMB but there are still many questions here.

We are in the same order, so the same goes for Cognitive

Price increasing can cause a machine to ROI that otherwise wouldn't have - IF you consider the purchase price in USD - but if it only ROIs due to increase in bitcoin price, you should have just bought bitcoins.

One rational explanation for why people buy hardware that won't ROI is it is a "premium" they are paying for "truly anonymous coins" - If you buy a $1600 miner, produce 1.5 bitcoins with it, and bitcoins are worth $800 each, you technically didn't ROI, but you might consider those 1.5 BTC you didn't have to sign up for coinbase or go meet someone on localbitcoins to obtain to be worth $1600 total (i.e. 33% markup).

Obviously, that said, it is still a very risky strategy since the projected return of a miner can vary so heavily between the time it is ordered and the time it is received, you could still end up paying an unreasonable markup.

As for bitcoin difficulty, there is NO clear correlation between price and difficulty or hash rate.  Value has gone up, hash rate has gone up, but so has my blood pressure and the number of seconds since 1980.  That doesn't mean they have anything to do with each other.  The price goes up when demand goes up faster than supply, but demand is fickle as a motherfucker and supply has a constant component from new coins, but is supplemented by people cashing out or buying things from vendors that convert to USD, which is a very complex system.

See the thing is, you are retarded and will end up poor.

Not that theres anything wrong with that.