The other reason COG is "valuable", besides 2.05GH/share with 50% reinvestment, is cog has been around through three different exchanges and each time the operator didn't run off with the goods, though he could have. COG has been paying dividends for over a year (and afaik there has been only one incident, somewhat recently, where divs were missed - we are still unclear on why).
As much as people have been complaining recently about this div issue (rightfully so!) many people trust COG over some unproven org that has been around for shorter, or said things like "oh, yeah, we're *totally* gonna have a petahash in march" or whatever, with no history of actually doing stuff like that. Garrett was an early customer of Cointerra too, and supposedlly negotiated a *very* good bulk purchasing deal, and he has said he hoped to have another one for Q2 2014, again implying that COG's future is bright.
To clarify, after the last exchange move, there were some unclaimed share, but the *real* totals are 10420 shares + 100 COG.F1 + 100 COG.F2. F1 and F2 started off different but a motion has joined them to be exactly equivalent now. When the cointerra order arrives (should be in the next week or two) each F1 and F2 share will convert into 20 COG shares, and our current hashrate is ~750GH/s, but after cointerra it will be 28.75 TH/s
EDIT: Oh, almost forgot - we have also recently purchased some scrypt miners, so that is going to supplement DIVs (will still be converted to and paid in BTC). It is unclear what the profit projections are on that.
As much as people have been complaining recently about this div issue (rightfully so!) many people trust COG over some unproven org that has been around for shorter, or said things like "oh, yeah, we're *totally* gonna have a petahash in march" or whatever, with no history of actually doing stuff like that. Garrett was an early customer of Cointerra too, and supposedlly negotiated a *very* good bulk purchasing deal, and he has said he hoped to have another one for Q2 2014, again implying that COG's future is bright.
To clarify, after the last exchange move, there were some unclaimed share, but the *real* totals are 10420 shares + 100 COG.F1 + 100 COG.F2. F1 and F2 started off different but a motion has joined them to be exactly equivalent now. When the cointerra order arrives (should be in the next week or two) each F1 and F2 share will convert into 20 COG shares, and our current hashrate is ~750GH/s, but after cointerra it will be 28.75 TH/s
EDIT: Oh, almost forgot - we have also recently purchased some scrypt miners, so that is going to supplement DIVs (will still be converted to and paid in BTC). It is unclear what the profit projections are on that.
Can I make a correction to this statement? Most people here really don't care much as they've invested only in COG, F1 and F2, but Garrett is on DEFAULT on FIMB (a BTC bond with 2% monthly interest) since October/2013, and given his (famous) elusiveness and how irresponsibly he has been treating this subject, I already feel like I have been robbed.
I've been around here demanding a solution for months with no concrete results. Sometimes Garrett will touch the subject and say something like "it will be paid next week" or "it is going to Havelock soon" only to gain more time, and that's pretty much it. EVEN IF YOU HOLD ONLY COG/F1/F2 AND DON'T HOLD FIMB BONDS, YOU SHOULD BE DEEPLY WORRIED ABOUT IT BECAUSE A DEFAULT IMPLIES A COMPLETE LACK OF CONFIDENCE IN THE UNDERLYING ISSUER.
Garrett, I won't stop posting until you pay up, and if there is one thing I can promise is that this will get worse as time passes.
