Re: Starting a new FPGA mining farm/contract! Cognitive Resurrected on [BTC-TC]
will COG.F be converted to cognitive shares upon delivery of the 7 BFL singles or is it some other conditions?
My understanding (garrett can correct this) is that COG.F will remain a separate fund until the funds have been spent and until the equipment purchased with those funds is hashing.
That is correct. The 7 SC Singles are unrelated to COG.F.
Davos, the intent of COG.F was to provide investors incentive to make substantial investments, while maintaining a competitive price. A split would defeat those purposes (or at least one of them).
I believe when the Bitcoin exchange rate stabilizes a bit, the cognitive price will rise as well. Because after all we're generating roughly the same amount of btc regardless what the exchange rate is
Also when BFL delivers I believe Cognitive price will rise.Best,
Garrett