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Re: Starting a new FPGA mining farm/contract! Cognitive Resurrected on[Havelock] April 21, 2014, 10:30:18 PM #3016 Hello all,



Before signing off for the last time I just want to clarify a few things. The first being that I never stole from Cognitive Mining. The second being the 1 week delay in the hardware being online.

The reason for this: The initial CoinTerra boxes were sent to a Washington State datacenter who refused to bring them online without payment for an entire 1 megawatt of power consumption. I had plans to have 1mw+ of power online in November, hosting for a friend who made a large hardware purchase, so this should not have been a problem. Said purchase was delayed into May 2014 and the datacenter refused to set up temporary hosting so we had to scramble to find a place for them. Now they reside in Icedrill.

With regard to Goat: He and I did not reach any such settlement and he, yet again, is lying in order to stir things up. I simply do not have the funds to buy shares back; Even after I am compensated for the hosting when I paid for it out of pocket (as specified in the motion), I'm coming out of this with very little money at all.

The project was initially created because I am a computer geek who enjoys the idea of bitcoin mining, and is enthused by the technology that surrounds it. I did not start the company to make money (hence the minimal 10% cut), but in the spirit of education and knowledge. At the time, I thought it was perfectly harmless and I was doing absolutely nothing wrong. I have learned a ton so far and I appreciate those who participated in the IPO enabling this project to get off the ground. For period of over a year Cognitive Mining was viewed as the best bitcoin mining project around. Taking into account the bitcoin price at the time of IPO, people who bought in then are over double in terms of USD at the current share price of 0.01 and bitcoin exchange rate of $500.

The success of this project has always been my priority, and I give my best to all who maintained a realistic presence throughout.



I wish everyone the best of luck going forward, and I apologize for the fact that things are ending in such a way.





Cognitive Mining LLC is no longer liable for any past or present action or involved in the management of this project in any way. It is fully within the rights of Cognitive Mining LLC to find a new operator and resign.