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Showing 20 of 109 results by stabs
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Re: Starting a new FPGA mining farm/contract! Cognitive Resurrected on[Havelock]
by
stabs
on 26/04/2014, 00:58:51 UTC
I fucking wish that was an available course of action in the bitcoin world.

How isn't that available?  Garret has broken quite a few laws...
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Re: Starting a new FPGA mining farm/contract! Cognitive Resurrected on[Havelock]
by
stabs
on 22/04/2014, 05:31:35 UTC
This whole asset is an epic fail it not only losses bitcoin but manages to loss USD too. There's no way anyone came ahead on this.

I guarantee Garr did.
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Re: Starting a new FPGA mining farm/contract! Cognitive Resurrected on[Havelock]
by
stabs
on 11/04/2014, 04:58:31 UTC
Current high hosting prices however... Fuggetaboutit. Sell these turds before they stink more than they already do. Do it Garrett. It's time. Another vote is guaranteed for liquidation. It's the best choice. Don't be such a little bitch and speak up.

Yes, don't bother with a vote, initiate the operator right to shut down and liquidate and do it ASAP.
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Re: Starting a new FPGA mining farm/contract! Cognitive Resurrected on[Havelock]
by
stabs
on 11/04/2014, 03:14:22 UTC
Bitcoin now 3 fitty.  Congrats all who voted to not liquidate and congrats to Garr for keeping the dream alive.
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Re: Starting a new FPGA mining farm/contract! Cognitive Resurrected on[Havelock]
by
stabs
on 09/04/2014, 00:29:36 UTC
Thanks for the dividend, which allowed me to purchase another couple shares. Keep up the good work! Looking forward to getting all the units online...

..and with the exchange rate bottoming out and soon to hit $5000, there's a lot to be excited about at .01 BTC per share for COG.

Please go back to my previous posts, $9000 in hosting per month is absolutely nothing to be excited about.
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Re: Starting a new FPGA mining farm/contract! Cognitive Resurrected on[Havelock]
by
stabs
on 05/04/2014, 03:54:29 UTC

With all of this in mind, think does it really make sense to even try to fix or keep running this company.  The answer is emphatically NO.

I really don't know how to spell this out any other way.

Agree, but what can be done when Garr fixes the vote? He is too busy enjoying life to even post in this thread once a day.

The only thing I can think of is someone taking the initiative to get everyone on board with Garr exercising his operation shut down rights for liquidation.

Give Garr an ultimatum that if he doesn't publicly start the process in X days, the authorities will be informed by all shareholders willing.
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Re: Starting a new FPGA mining farm/contract! Cognitive Resurrected on[Havelock]
by
stabs
on 05/04/2014, 03:38:45 UTC
I am in Canada but...

No just no...stop for a second and think about this operation.  Think about Garr making blunder after blunder, the lack of transparency, everyone coming out of the woodwork telling Garr he put their vote down wrong etc etc.

Now think about the $9000 a month cost of hosting our stuff in a foreign (to Garr) country.  Something tells me there are some legal reasons he did that.  Now realize that 9000 x 12 = $108,000 and is roughly the worth of our ASSETS.  In a year our hosting costs are worth our current asset value...how stupid is that.

With all of this in mind, think...does it really make sense to even try to "fix" or keep running this company?  The answer is emphatically NO.

I really don't know how to spell this out any other way.
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Re: Starting a new FPGA mining farm/contract! Cognitive Resurrected on[Havelock]
by
stabs
on 05/04/2014, 03:27:20 UTC
So......COG isn't being liquidated for the moment, but we still have a lot to clean up. We'll need to sort out a financial report detailing all COG's assets, outstanding CT units that have yet to arrive, as well as a new datacenter that is viable on costs.

We should create a board, and start to move forward on this issue. Other things to be considered are that the reserve fund and equipment purchases need to be managed better. With decent div's and better reinvestment, we'll be able to move forward.
Sigh. Just cant help some people. Cry

Meh, not worth selling shares atm, and not cleaning up the mess is just idiotic. Make it work or wrap it up.

Please explain how you plan to "make it work."  You should be begging for liquidation like everyone else as it's in your best interest.
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Re: Starting a new FPGA mining farm/contract! Cognitive Resurrected on[Havelock]
by
stabs
on 04/04/2014, 03:04:50 UTC
My shares are up and currently the lowest price. (outside of the bots undercutting)

Those who voted to not liquidate please buy the shares since you will make so much money keeping this operation going!
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Re: Starting a new FPGA mining farm/contract! Cognitive Resurrected on[Havelock]
by
stabs
on 04/04/2014, 02:26:44 UTC
All, who really cares about the bogus motions.  The fact is we need to liquidate.

If you disagree with liquidation please show me a way out and how it's going to be better to keep this operation going?

Anyone?
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Re: Starting a new FPGA mining farm/contract! Cognitive Resurrected on[Havelock]
by
stabs
on 04/04/2014, 01:59:09 UTC
How are you going to recoup the several thousand dollars I have lost?

I am going to do the very best I can to restore Cognitive to a state where it is earning everyone money again and we are all in the positive.

Garrett, to fast track this liquidation, please initiate your operator rights to close the operation and liquidate.

You've done the math, so has everyone else.  We cannot continue in your hosting facility and run a profitable operation.  It is in the best interest to all shareholders to liquidate.
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Re: Starting a new FPGA mining farm/contract! Cognitive Resurrected on[Havelock]
by
stabs
on 04/04/2014, 01:50:24 UTC
I'm a small investor but I too would like to see an end to this drama (and NOT an end to COG).

Are you serious?  We will gain more by liquidating than keeping the miners and this operation running.  Please see previous posts with the analysis of the math.
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Board Securities
Re: Motion Results
by
stabs
on 04/04/2014, 01:47:26 UTC

Great, we get to execute a motion on old data.  I HAVE to believe with the recent developments (and assuming people can do simple math) that this CANNOT be an accurate reflection of shareholders opinions today.  It makes ZERO sense to continue this operation.
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Re: Starting a new FPGA mining farm/contract! Cognitive Resurrected on[Havelock]
by
stabs
on 03/04/2014, 03:54:20 UTC
Whats the point when he has a production line in the top of the range hashfast 28nm to manage and sell....

I am not involved in a HashFast production line. That was a proposal that never went through.

I will be dedicated to ensuring whatever is best for shareholders happens from here forward.

Shareholders decided what's best and that was to liquidate.  Why have we not started that process?

Edit: Also it's ridiculous it's taking this long to liquidate.  The longer we wait the less we will be getting for our units.

Again, negligence on the operator's part costing us all.
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Board Securities
Re: Starting a new FPGA mining farm/contract! Cognitive Resurrected on[Havelock]
by
stabs
on 02/04/2014, 05:38:29 UTC
I originally voted against liquidation but I am inclined to change my vote (given the recent "mathing" - which though I haven't verified, looks legit).  Garr, Sam, if you have a counter-argument to "300BTC versus 50BTC", you should post it now, or expect a flood of vote changing. =/


Garrett agrees with the math. Assuming these calculations are correct, it seems that our best option is to liquidate. Garrett is going to post the current results of the motion on the Cognitive Mining website tonight.

More updates to come.

- Samuel

Please also remove Garrett's shares from the mass dividend when we liquidate.  It's the least he could do for causing massive losses for everyone.
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Re: Starting a new FPGA mining farm/contract! Cognitive Resurrected on[Havelock]
by
stabs
on 31/03/2014, 01:54:07 UTC
Why can't the liquidated hardware be reinvested in buying newer, cheaper, and faster hardware?  It's not in anyones best interest to redistribute the liquidated hardware in dividends since it would be like paying you pennies on the dollar. Its better to look long term and reinvest the money from the liquidated hardware into new hardware and to continue the mining operation. I would like to see a change in ownership of this operation before we move ahead.

I don't want to just end the operation and be paid dividends.  I can't vote yes or no neither are what I want.

Cognitive is only worth the hardware it owns.  There is no additional value.  It's best to cut our losses while we still can and while the hardware has some value.
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Re: Starting a new FPGA mining farm/contract! Cognitive Resurrected on[Havelock]
by
stabs
on 30/03/2014, 15:00:45 UTC
seems hashrate is 15th now,good work ,garr

What do you mean good work?  It was at like 22th earlier, he's obviously still having problems.
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Board Securities
Re: Starting a new FPGA mining farm/contract! Cognitive Resurrected on[Havelock]
by
stabs
on 29/03/2014, 19:07:59 UTC
You people have delusions of grandeur.  We should all be voting for liquidation.
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Re: Starting a new FPGA mining farm/contract! Cognitive Resurrected on[Havelock]
by
stabs
on 23/03/2014, 21:59:42 UTC
This is a clarification about the law suit.

No, you do not need to be a current stock holder. What you do have to do is have lost a significant amount of wealth due to the fraud or unlawful incompetence of Garr.

If you bought shares a week ago, not what we are looking for sorry. If you held for well over a six months even if you don't hold the stock now, we are looking for you.

Thanks.

I bought over 5% of Cog at it's IPO and held the position as the stock was more and more diluted.  There were a couple times it was worth about $20k (too bad I didn't sell then) and with all the issues I finally gave up and started to liquidate last week at around .05 to .03 BTC per share.  I now have about 65 shares that I couldn't dump because there was no support.

Assuming Garr never liquidated his 10% of all shares I have no idea why he wouldn't have tried to work harder and be more transparent.  My only conclusion is that he was manipulating share price to his gain, personally mining, or engaging in a number of other activities for his personal gain instead looking out for Cognitive's best interests.
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Re: Starting a new FPGA mining farm/contract! Cognitive Resurrected on[Havelock]
by
stabs
on 19/03/2014, 05:27:03 UTC
So lets do some math!

Current eBay price for Cointerra terraminer iv = ~$10,000 (more like $9,500 with eBay fees shipping etc)
We have to sell 8 units, 8 x 9,500 = $76,000
Current Cog market cap = ~$271,000
271,000 - 84,000 = $195,000

The question: is the value of the other cognitive mining gear + Cointerra refund + 17.5 BTC we're holding > $195,000?

I would guess not...