Quote from: Nightmoonk on March 13, 2014, 02:58:06 AM

Yeah I can't believe how much of a bad idea selling the units is and how many people are advocating it. We bought hashrate not units (according to Garrett) so lets just get the 28th/s that we ordered operational, who cares what they are hashing at, just keep them steady and cointerra will be forced to give us more units if we aren't getting the agreed hashrate.

Those advocating selling the units, once sold what are we left with? What are going to buy instead? I would be in favour of it if Garrett hadn't signed a very favourable (to us) deal with cointerra. We've been promised hashrate, just be patient. I'm sure Garrett could be doing more but this is a company run by ONE person, try to keep your expectations reasonable.

Or don't tell me you plan to issue a dividend with the proceeds (I saw some people advocating this) and then what, the company folds due to no working capital?

People would rather sell our $6000 units for $12000 than have them sit idle, that's all. 50% could be paid as divs, the rest go to the reinvestment fund, and cog is no worse off than it was a year ago. Unlike having the hardware sit idle, losing opportunity and value every day.

If the units can be made to operate soon, nobody is advocating selling them, of course that'd be silly, but if they are not what was promised, or cannot be made to run consistently, we would make more money selling them. we are just reminding everyone of the options to ensure Garrett evaluates them all.