The sad thing is, Cointerra's business model seems now to cater to the least informed buyers, those who don't realize they're going to be ripped off.
When a business does that, they have no moral standing, deserve no respect, and are preying upon their customers rather than serving mutual interest.
But it's likely that many of Cointerra's principals will experience personal and financial devastation if they do the right thing and wind down their company and admit they've now wasted millions on a strategy doomed to fail due to the appearance of far more competition than they expected.
And the worst part is, it's not even their fault. They seem a great company with great leaders, they're just 6 months too late.
i have to take exception to almost everything you've said, your post is insulting and degrading. You're calling a perfectly legitimate company immoral and undeserving of any respect. For what? for being a month later than the previous guy?
Cointerra is little different than Hashfast and KncMiner in that they're selling a high end mining product that has performance higher than those that have come before at a lower price per GH. The only negative is that they're about a month behind HashFast and two months behind KncMiner but to accomodate that later date theyve priced it lower (per gh) than their competition. the market will tell them if thats the wrong price (and since they announced it at $16k and re-priced it to $14k literally days after its release, no one could accuse them of not reacting to the market!)
How you can claim they're 6 months late is insanity when theyre 1-2 months behind their closest competition. Heck, 6 months ago, you could barely buy an asic miner from anyone, not even from BFL (they current market leader) and barely buy an AsicMiner nor Avalon product. Your 6 months late is a ridiculous exaggeration. Yes, things move fast in the mining world, but they are certainly not 6 months too late.
How you can say that they have no moral standing because they happen to be offering a mining product to people who are ignorant is downright insulting to all customers of mining equipment.
To state that the only people who buy their product will be people who are clueless and are the least informed is ridiculous. At the pricing and performance levels of the product cointerra are selling, they are clearly aiming at the professional end of the mining market (do you know any home miners buying $14k mining gear?). At $14k, this is a serious purchase for someone and cointerra are no doubt assuming that if someone can afford one or more of those product at $14k, then those customers have done their homework, have calculated their own forecasts of difficulty and decided on their own ROI and have made an informed choice. No one buys $14k's worth of mining hardware if they dont think they will make it work.
Ultimately what you're saying is that no one at all can buy any mining product from any company for delivery in December onwards, and you're plainly wrong! Cointerra are offering a high end mining product that is relatively speak, the lowest price (per GH) offered by anyone in that timeframe. If you think they wont, cant, or shouldn't sell any then presumably you also think no one else can or should, since cointerras price is lower per GH than anyone else's. So youre also assuming that kncminer, hashfast, avalon, bitfury, asicminer etc... will also not be able to sell anything beyond december.. and thats just plain wrong. There will probably be a price that asic manufacturers can sell their mining poducts for... and they just have to keep re-pricing each month to give people the right deal to make their buy decision... And the asic companies can keep re-pricing until they get close to their cost and cant lower their prices any longer and thats where the better mining asic companies can differentiate themselves, by having better designs, in smaller die area, thats higher performance, and lower power consumption, so that their products simply cost less to make, and use less electricity & cooling. And they will be the ones that keep selling in 2014 imho (and not the avalons and asicminers of the world, whose only benefit right now is that theyre selling from stock, but its creaky old technology) If we all believe what youre saying, which clearly, we don't, then there will be no more asic sales in 2014 because as far as youre concerned, if the company currently selling one of the cheapest and fastest asics available is selling to 'idiots', then no one else can sell any of their more costly, less performing, more power hungry asics, either!
May i also remind you that very few asic companies actually have to sell their asics at retail. Many of them could instead be mining themselves with any products that they cant sell for the right amount at retail. there will be 'the right price' that makes sense for the asic companies to sell at retail for, and that will be whatever the market will bear. and when the price goes too low and the market stops buying.. when there will be no more retail market for asics, then the only asic companies left will be the ones that arent selling to retail customers. and we keep hearing of asic companies being setup that are independently financed and seem to have no retail plans at all (anyone heard of 21e6?)
Personally, i believe that most of the 55 & 28nm companies will do well simply because they have more competitive products. Not just knc, hashfast, bitfury and cointerra... but whoever else comes along afterwards as well. Because the simple fact is that these newer generation mining products use less power and hash faster (unintentional pun) ... and that's simply more sustainable for miners to use. No one will be able to afford to keep their avalons or asicminer blades switched on in 2014 (let alone late 2013) as its just uneconomic. So do you think people will stop mining when their old hardware starts creaking? no!.. they will buy new hardware that is more efficient, that hashes faster, consumes less power, requires less cooling, uses less desk or rack space, etc. there are a lot of reasons why people will continue to buy newer, better hardware to replace their old rigs. And the retail customers and hardware suppliers between them will find the right price for this to continue. Its happening now, on a huge scale, as gpus are being retired and people are moving into asic products in a big way (and the difficulty rises of latter 2013 are imho because of this transition and may slow down from its 100% monthly rises to perhaps 50% as we head towards the start of 2014 and most people who want to mine will have bought their asics of choice for that generation at least).
