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Topic: Starting a new FPGA mining farm/contract! Cognitive Resurrected on[Havelock] - page 76. (Read 300752 times)

legendary
Activity: 938
Merit: 1000
What's a GPU?
Agree, let's get more hardware.
I also agree. Any ideas on who we might want to order from? I think a great choice right now would be to set up some LTC rigs actually.

The Bitcoin mining is too competitive. It would be a smart move to invest in Litecoin mining :
- low competition
- instant delivery of the hardware
- faster growing than Bitcoin

+1

I will raise a motion to spend our reserve coins on LTC rigs. The website is fully up-to-date, so you can see our current reserves there.

Cheers,
Garrett
legendary
Activity: 1057
Merit: 1000
The Experience Layer of the Decentralized Internet
how about cog.f2 ??
the weekend is coming....
member
Activity: 82
Merit: 10
Agree, let's get more hardware.
I also agree. Any ideas on who we might want to order from? I think a great choice right now would be to set up some LTC rigs actually.

The Bitcoin mining is too competitive. It would be a smart move to invest in Litecoin mining :
- low competition
- instant delivery of the hardware
- faster growing than Bitcoin

+1
I agree with this.  My litecoin stocks have far outperformed any of my bitcoin ones so far, and it's a great time to enter Litecoin mining because of this low competition.   But it's also very important to get your miners as soon as possible in this game.
sr. member
Activity: 493
Merit: 262
I'm still missing my PT shares in addition to the dividends since 9/15.

I'll add negative trust until this is resolved.
full member
Activity: 191
Merit: 100
Thanks for the div.

Regarding the listing fee, I suppose you won't need to pay an extra listing fee for CogF2? Otherwise I'd rather vote not to release these shares on havelock, but rather to have a trading thread here on bitcointalk. We are talking about a small number of shares anyway, so the overhead should be minimal.
sr. member
Activity: 299
Merit: 250
Agree, let's get more hardware.
I also agree. Any ideas on who we might want to order from? I think a great choice right now would be to set up some LTC rigs actually.

The Bitcoin mining is too competitive. It would be a smart move to invest in Litecoin mining :
- low competition
- instant delivery of the hardware
- faster growing than Bitcoin

+1
legendary
Activity: 2156
Merit: 1131
Agree, let's get more hardware.
I also agree. Any ideas on who we might want to order from? I think a great choice right now would be to set up some LTC rigs actually.

The Bitcoin mining is too competitive. It would be a smart move to invest in Litecoin mining :
- low competition
- instant delivery of the hardware
- faster growing than Bitcoin
newbie
Activity: 53
Merit: 0
How did I forget the growth fund? Did you get your share of 11btc or 5.5?

I mean the ~30%? that goes towards hardware reinvestment, not cog.f/2
sr. member
Activity: 299
Merit: 250
Quote
Why should anyone pay this fee? Issuer can simply stop using Havelock. Or is that the only way to get the shareholders list? -> Which would mean that you don't have a list of the current shareholders?

This is a good question. If it's true then It puts all of us in risk in case of possible Havelock shutdown.

newbie
Activity: 12
Merit: 0
฿0.00050147 per share for 2 months of mining???
I'm pretty sure there is something wrong here garr...sounds like a labcoin dividend...
legendary
Activity: 1834
Merit: 1094
Learning the troll avoidance button :)
So where am I epically failing in my math at 500ghs we should be making 12.54207757 per months at current difficulty. I am pretty sure our combined hashrate is over 500ghs. You paid out about 5.5btc so that would put the total div at about 11 BTC. So according to my simple math you paid out less than a months divs at the current difficulty. The diffusivity has been lower than now over the last 2 months so how the hell did we make less than a month worth of divs at current difficulty over the last 2 months at a lower difficulty?  

So I'm guessing you forgot to account the growth fund?

I think that just straight buying ASICMINER shares might be a good idea...they seem to be SEVERELY undervalued at the moment (alongside COG) and they are literally sitting on ~8000 BTC worth of capital just waiting to be reinvested

They have the lowest claims of <0.3W per GH/s, with ~40-50nm chips, so their design must be insanely efficient (I'm not an expert on chip design). They have been the most reliable security in the bitcoin space, and have reliably delivered...every time.

I would like to put out the idea to buy up all Havelock AM1 shares under 0.35 BTC... It seems like a better bet than CoinTerra, TerraMiner, or HashFast, considering they apparently are reporting delays too.

btw: I'd like to know how much unused capital we have from COG.F funding and COG.F2 funding, considering Avalon refunded etc.

Now that was an unusual aside and just take the ones from seb's auction
member
Activity: 110
Merit: 10
How did I forget the growth fund? Did you get your share of 11btc or 5.5?
member
Activity: 109
Merit: 10
Also what about the BFL chip credits we had?  Can we get some miners created out of those chips for cheap?
newbie
Activity: 53
Merit: 0
So where am I epically failing in my math at 500ghs we should be making 12.54207757 per months at current difficulty. I am pretty sure our combined hashrate is over 500ghs. You paid out about 5.5btc so that would put the total div at about 11 BTC. So according to my simple math you paid out less than a months divs at the current difficulty. The diffusivity has been lower than now over the last 2 months so how the hell did we make less than a month worth of divs at current difficulty over the last 2 months at a lower difficulty?  

So I'm guessing you forgot to account the growth fund?

I think that just straight buying ASICMINER shares might be a good idea...they seem to be SEVERELY undervalued at the moment (alongside COG) and they are literally sitting on ~8000 BTC worth of capital just waiting to be reinvested

They have the lowest claims of <0.3W per GH/s, with ~40-50nm chips, so their design must be insanely efficient (I'm not an expert on chip design). They have been the most reliable security in the bitcoin space, and have reliably delivered...every time.

I would like to put out the idea to buy up all Havelock AM1 shares under 0.35 BTC... It seems like a better bet than CoinTerra, TerraMiner, or HashFast, considering they apparently are reporting delays too.

btw: I'd like to know how much unused capital we have from COG.F funding and COG.F2 funding, considering Avalon refunded etc.
newbie
Activity: 36
Merit: 0

[/quote]
I also agree. Any ideas on who we might want to order from? I think a great choice right now would be to set up some LTC rigs actually.
[/quote]

Not sure witch timeframe we are talking about, but KNC's Neptune (4 TH) for 10 btc is a reasonable price...
Delivery might be as late as q2 though...
hero member
Activity: 968
Merit: 515
Quote
A financials report will come quarterly starting December 2nd, and the second one being released on January 1st.
Another delay. No surprise. I assume you will update the the website also quarterly?

Quote
And there is a 0btc fee to delist instead of a 10btc fee, which was super outrageous.
Why should anyone pay this fee? Issuer can simply stop using Havelock. Or is that the only way to get the shareholders list? -> Which would mean that you don't have a list of the current shareholders?

Quote
We will pay a maximal $500USD worth of btc every month for being listed there
If BTC is below 500 you have to pay 1 BTC?
COGNITIVE made a profit of 5.97179131428BTC in the last 4 weeks. At the current market rate the monthly fee is ~8% of the profits.
How much did you pay for the listing?
member
Activity: 110
Merit: 10
So where am I epically failing in my math at 500ghs we should be making 12.54207757 per months at current difficulty. I am pretty sure our combined hashrate is over 500ghs. You paid out about 5.5btc so that would put the total div at about 11 BTC. So according to my simple math you paid out less than a months divs at the current difficulty. The diffusivity has been lower than now over the last 2 months so how the hell did we make less than a month worth of divs at current difficulty over the last 2 months at a lower difficulty? 
hero member
Activity: 583
Merit: 500
Bitcoin for all & all for Bitcoin
How do you feel about considering a machine or two from VMC? See how Ken's November "update" plays out in a couple days. They are expandable and he supposedly will make them compatible with future generations. Unfortuantely the prices were just recently raised, but there is a Bitcoin Black Friday deal...

Just throwing it out there, people rag on VMC continually and boast about CoinTerra,Terrahash etc all the time but we're are seeing their delays now as well...

Also, have you been merge mining NMC at all? I know LTC/USD is higher, but Namecoin's intrinsic value coincides with the Bitcoin spirit. I could see NMC rising alot more than where it currently sits.

EDIT: Is there a current BTC reserve fund amount you can toss out there so we know what we're playing with?
legendary
Activity: 938
Merit: 1000
What's a GPU?
I am also interested in our current BTC reserves.  With the current price of BTC we should be able to buy some more mining gear.

Agree, let's get more hardware.

I also agree. Any ideas on who we might want to order from? I think a great choice right now would be to set up some LTC rigs actually.
legendary
Activity: 938
Merit: 1000
What's a GPU?
That's just the difficulty increasing so much and us not receiving any new hardware, because our 28TH won't be here until January, at which point we will be seeing quite massive dividends, relative to these.
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