Topic: Starting a new FPGA mining farm/contract! Cognitive Resurrected on[Havelock] - page 99. (Read 300686 times)

Hi Carl,

The 1PH figure is calculated using COG.F2 and COG.F3 funding in conjunction with the growth fund. We're certainly in a desirable situation

I spoke with a BFL employee this morning and our box of 7 singles will be in the mail this week, so that in itself is fantastic news!

As for the dividends this week, I'm terribly sorry they are late! I neglected to check whether the script worked properly because it has been very reliable for the past weeks. It turns out the server doesn't appreciate having a changed IP address, so I had to sift through some files to manually change over some IP settings. All is well now and dividends will be going out in a few hours. I'm adding 1btc of my personal funds to the dividend this week in an effort to compensate for the delay.

--Garrett

Dividends, anyone?

You saw the previous page right? It was hours ago he said he was doing just that, today. Patience.

Please Garr, provide more details on the delayed BFL order and on the 1 PH deal.
CogF2 is not selling at all.

This seems relevant http://www.thebitcoinchannel.com/archives/22276

Garret,

So when you say our estimated Q1 or Q2 target is 1PH, you mean our current deal, plus the 50% growth re-invested with cointerra on similar pricing (which we may have already worked out contractually?), would put us there?

Are you saying if all the COG.F2 sells, we will have everything we can project being at 1PH by Q2 2014 with NO further funding?  Or does that assume further funding raised?  If that is with no further funding (but using our 50% growth reinvestment) that both explains the math *and* makes cog even more attractive, knowing further dilution wouldn't be needed.  If it does assume further investments outside of growth fund (COG.F3 or whatever) please outline what dilution we can expect.

Thanks!
-Carl

Indeed. I have already looked into operating out of a location where electricity was less than 0.01/kwh but concluded that because of the costs for remotely running the operation it would not be benefical in the mid-term. Long-term however, if we get to the point where we are drawing a megawatt of power, central/eastern WA hydroelectric power will be the way to go!

Thank you, that's awesome. I appreciate the responsiveness. $0.07/kwh is very reasonable.

I'm sure you're already aware, but mid-central Washington State has power at $0.01/kwh. Just something to keep in mind for the future.

Hi Garr,

Is the dividend for this week coming?

Sure, the location is in Montana, USA and the power rates will be less than what we had in in Idaho ($0.07/kwh). Because we may be drawing a large amount of current, I might be able to get lower rates than before.

I understand the security issue. I just want to know the jurisdiction and general area, so I know the legal circumstances and the cost per kilowatt-hour. Any additional information is unnecessary.

I'm sure you agree there is no reasonable security concern that would keep you from sharing the state or province?

Yep, I have personal numbers for those who I will be talking to so the holiday won't be a problem.

btw, tmr is labor day

I will also call BFL in the morning regarding our order of 7 Singles. The order was placed on July 14th 2012 and we've still received nothing, which is absolutely absurd and unacceptable. I have a contact currently residing in KC who may be willing to talk to BFL in person for us.

Still nothing about BFL ignoring your order date? is there something that you never told us about? I'm confused? I invested expecting to double our hash rate. 

Dividends are paid "semi-automatically" in that the Cognitive balance is automatically paid out as a dividend whenever there is a balance. So the fluctuation in times is a result of the variation of me sending mining revenues to the btc-tc wallet and how long it takes the said transaction to confirm.

Also, with regard to my tardiness responding to inquiries on this thread, I will be more and more active here in the coming days.

--Garrett

Apologies for the confusion in the previous post! I've been extremely busy these past few weeks and made that post when I was quite sleep deprived. The one petahash figure is the estimation for our total hashpower in a few months, as in Q1 or Q2 of next year. The number that CoinTerra has given me for my bulk order purchase is still covered by their NDA that I had to sign, and cannot be disclosed without their explicit permission, which I have asked for.

A large investor in another mining venture of mine does not want this new location disclosed publicly for security purposes, which I believe is a very good choice. I will talk with him and see if he would be willing to agree to share the location with those willing to sign an agreement not to disclose it.

The first batch of COG.F2 sold out in a few hours, so I expect this batch to sell fairly quickly after the numbers can be publicly finalized. I am going to be calling the CEO of CoinTerra tomorrow morning to figure this out.

--Garrett

Where is the Cointerra operation going to be hosted (and how much is electricity there?)

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