Alright everyone, Garrett has decided that we are going to sell all of the CoinTerra machines. They have been far too problematic, and at this point it is more profitable to sell them and buy new hardware. They will be up for sale on eBay and this forum starting tomorrow. As soon as the first couple units sell the sCrypt hardware will begin running again.
Now for responses to many of the questions that have recently been raised:
- In terms of compensation from CoinTerra, we will be compensated for all of the machines that were delivered, but were never actually hashing. Only 8 of the CT units were ever operational, so CoinTerra will compensate Cognitive for the rest that arrived but didn't work properly.
- Once our new space in Washington is ready, all of Cognitive's hardware will be moved there. It will be kept cool, the power will be reliable and cheap, and it will be monitored 24/7.
Garrett should allow some larger investors to come to the location and physically inspect the miners and see what is going on in person.
This would be a great way to demonstrate that Garret (and I) are running a clean operation. If someone would like to organize an inspection, go for it!
- Garrett and I would be happy to do an IRC meeting once the hardware is sold. We were also discussing the possibility of doing a google hangout where anyone who wants to can have their questions answered in real time, and we can all discuss various issues pertaining to Cognitive.
Thank you for your patience. As always, feel free to leave feedback.
- Samuel