Re: Starting a new FPGA mining farm/contract! Cognitive Resurrected on [BTC-TC]

Quote from: drewmsmith on July 16, 2013, 05:24:43 PM

Quote from: MilkyLep on July 16, 2013, 04:47:59 PM

Right..."wall"!? Cool

Can't wait to see next weekend's divvys!

Edit: Quick question - COG.F still equals 20 shares of Conitive correct? Those COG.F funds are placed in holding until a miner purchase opportunity presents itself?

COG.F funds were used to purchase the avalon chips discussed earlier. Once they have been mounted to boards and are mining, cog.f will be converted into standard cognitive shares.

That's correct. One COG.F is a contract for 20 shares of Cognitive which will be delivered when our Avalon chips are hashing this September.

Quote from: igba on July 16, 2013, 05:05:30 PM

to the people talking about a split, don't you think we need to wait till the end of the week when everything is turned on? lol. been following COGNITIVE for a while and this is exactly what was planned, great job Garrett. personally I can't wait until the fall

Yeah let's not rush things. Let's keep as many things constant as possible, then in a week or two we can reevaluate whether a split would be really beneficial. (My thoughts are if we go over 2btc per share a split would be beneficial).

Another option would be to create a microshares asset for Cognitive, where you can purchase down to 1% of a share.

And thanks for the kudos, igba