Post
Topic
Board Securities
Re: Starting a new FPGA mining farm/contract! Cognitive Resurrected on[Havelock]
by
theterabyte
on 20/02/2014, 22:53:53 UTC
14 units were originally ordered, but since they arrived about half a month late, Garrett was able to negotiate with CT and get 3 more.
Since he earlier stated they had to give 30% more if they were more than a month late, I don't get it.
It should have been 4.2 units. Considering the hashrate is less than ordered, "negociating" would have meant getting at least 5 extra units, not getting less than promised!

I think this is good news.  It sounds like, according to the original wording of the contract, they didn't have to give us *anything* until they were an *entire* month late, which they were not.  I was prepared to hear we got nothing extra from CT, or "credits" towards some future order which may or may not be profitable regardless.  Knowing we are getting 3 extra units is a nice bonus IMO.

As for the lack of financial report yet - at least samuel is telling us bad news straight up - "sorry, we don't have time yet, but later" instead of promising and not delivering.  I would be very happy to see more of this - this is the right way to do it.  Once the new hardware is deployed and things are settled down, we can talk more about these missing divs and how we might prove the situation (or make up for it).  For now, I agree that biggest priority is getting the machines and getting them hashing with the new added transparency.  That will ensure any future screwups are in the open and cannot be dismissed.