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Topic: CoinTerra announces its first ASIC - Hash-Rate greater than 500 GH/s - page 114. (Read 231002 times)

sr. member
Activity: 280
Merit: 250
Hell?
No more pre-order please...

dito.. would be nice to purchase a in stock item for next day delivery.

If a company offers a miner at a reasonable price, people are going to order it ahead of time, and by the time the company has it all their stock will already be accounted for.

or not .. as we seen bfl .. avalon .... stop falling for these pre-orders ! no more pre-orders ! want to sell something ? have in stock !


No More Pre Orders. Please


stop spamming threads.
eve
full member
Activity: 210
Merit: 100
No more pre-order please...

dito.. would be nice to purchase a in stock item for next day delivery.

If a company offers a miner at a reasonable price, people are going to order it ahead of time, and by the time the company has it all their stock will already be accounted for.

or not .. as we seen bfl .. avalon .... stop falling for these pre-orders ! no more pre-orders ! want to sell something ? have in stock !


No More Pre Orders. Please
legendary
Activity: 994
Merit: 1000
And the good news is, once mining doesn't pay you'll be able to run a TIG welder....

LOL!

Not a bad thing to learn how to do...

I wired my garage initially with 100 amp 240v so I would be able to weld...

It's certainly not what it is used for now Smiley

Actually built a small data center in my garage with 54,000BTU of cooling.

Sucks, though, 'cause I had to rework a bit of power and wire up a new 240v in one of my sheds to run the welder now.

A man has to have his priorities straight after all.
full member
Activity: 210
Merit: 100
And the good news is, once mining doesn't pay you'll be able to run a TIG welder....

LOL!

Not a bad thing to learn how to do...

I wired my garage initially with 100 amp 240v so I would be able to weld...

It's certainly not what it is used for now Smiley

Actually built a small data center in my garage with 54,000BTU of cooling.

Sucks, though, 'cause I had to rework a bit of power and wire up a new 240v in one of my sheds to run the welder now.
legendary
Activity: 1974
Merit: 1003
Our website will be ready to take preorders later this month with a range of products involving one or multiple units of the GS1.

thanks but no thanks
hero member
Activity: 574
Merit: 501
And the good news is, once mining doesn't pay you'll be able to run a TIG welder....
member
Activity: 69
Merit: 10
Because usa 20 amp households are limited to about 1920 watts continuous power. I don't think they could practically sell a unit more than 1.9 th/s based on the 1 watt per gigahash.

I wired a 20amp 240v breaker for my ASIC boxes.  Switching PSUs can handle 120-240v, so I have all my PSUs and a network switch all running off 240v, which allows me to pull twice the watts on a 20amp breaker.
legendary
Activity: 994
Merit: 1000
Many people finance mining rigs via a credit card, chill out on the guy.

What we should be stressing is the importance of the price/Gh, not how he is choosing to fund it. 
@ $5/Gh your only looking at ~25% profit http://mining.thegenesisblock.com/a/78ef3ed385
@ $6/Gh it's under ~10% http://mining.thegenesisblock.com/a/ae4f8e1525

Those estimates are based on previous network increases which in my opinion are far too low for the thin margins.  September, October and November are looking like they are going to be are largest % increases ever.

If you factor in a more realistic network increase rate (%75) you really should be looking for a price target of about $2.50/Gh http://mining.thegenesisblock.com/a/d2365ff830

In short, I wouldn't take a loan to buy equipment that is most likely going to lose you money.  If you have a fairly high (educated) certainty of success, then go for it.
newbie
Activity: 31
Merit: 0



[/quote]
3) What are you going to tell the bank? I need a 10K Loan for a magic money printing machine that plans on your utter destruction?
[/quote]

good one  Grin
newbie
Activity: 39
Merit: 0
3) What are you going to tell the bank? I need a 10K Loan for a magic money printing machine that plans on your utter destruction?

i lol'd Cheesy
sr. member
Activity: 462
Merit: 250
Someone please guess what the cheapest gh/$ will be and what the most cheapest and expensive units they could make. I need info, so I can prepare to get a loan. I want the most expensive products they have, please.

Because usa 20 amp households are limited to about 1920 watts continuous power. I don't think they could practically sell a unit more than 1.9 th/s based on the 1 watt per gigahash.

So, how much would a 1.5 TH/s unit cost? bitfury 400 gh/s units go for .05 gigahash per usa dollar while kncminer 400 gh/s unit goes for about .056 per usa dollar.

lets say that cointerra units sell for .15 gigahash per usa dollar. that would be 10k usa dollars.  

thats too expensive for me




Yo, do not get into debt over ASICs, profit is not guaranteed, you do not know who, what, or how entrants will effect the landscape over the next six months. Can you afford not to be able to refund the loan from the device itself if some greater unknown appears, or the BTC price drops significantly, that you don't earn enough fiat equivalent to pay the loan back??

Months back people thought Avalon were a safe bet, now look. Behave responsibly with money. Ffs!

Wow people like that make me cry Sad. Getting a loan for mining, really?

ur0pl:

1) You are clearly unaware of how mining works and how difficulty impacts your returns. Please educate yourself before investing in anything.
2) If you are that desperate for money, maybe it's time for a job instead of speculating with your life.
3) What are you going to tell the bank? I need a 10K Loan for a magic money printing machine that plans on your utter destruction?
hero member
Activity: 532
Merit: 500
Someone please guess what the cheapest gh/$ will be and what the most cheapest and expensive units they could make. I need info, so I can prepare to get a loan. I want the most expensive products they have, please.

Because usa 20 amp households are limited to about 1920 watts continuous power. I don't think they could practically sell a unit more than 1.9 th/s based on the 1 watt per gigahash.

So, how much would a 1.5 TH/s unit cost? bitfury 400 gh/s units go for .05 gigahash per usa dollar while kncminer 400 gh/s unit goes for about .056 per usa dollar.

lets say that cointerra units sell for .15 gigahash per usa dollar. that would be 10k usa dollars. 

thats too expensive for me




Yo, do not get into debt over ASICs, profit is not guaranteed, you do not know who, what, or how entrants will effect the landscape over the next six months. Can you afford not to be able to refund the loan from the device itself if some greater unknown appears, or the BTC price drops significantly, that you don't earn enough fiat equivalent to pay the loan back??

Months back people thought Avalon were a safe bet, now look. Behave responsibly with money. Ffs!
sr. member
Activity: 406
Merit: 250
Someone please guess what the cheapest gh/$ will be and what the most cheapest and expensive units they could make. I need info, so I can prepare to get a loan. I want the most expensive products they have, please.

Because usa 20 amp households are limited to about 1920 watts continuous power. I don't think they could practically sell a unit more than 1.9 th/s based on the 1 watt per gigahash.

So, how much would a 1.5 TH/s unit cost? bitfury 400 gh/s units go for .05 gigahash per usa dollar while kncminer 400 gh/s unit goes for about .056 per usa dollar.

lets say that cointerra units sell for .15 gigahash per usa dollar. that would be 10k usa dollars. 

thats too expensive for me



Yes is still very expensive.
newbie
Activity: 56
Merit: 0
Someone please guess what the cheapest gh/$ will be and what the most cheapest and expensive units they could make. I need info, so I can prepare to get a loan. I want the most expensive products they have, please.

Because usa 20 amp households are limited to about 1920 watts continuous power. I don't think they could practically sell a unit more than 1.9 th/s based on the 1 watt per gigahash.

So, how much would a 1.5 TH/s unit cost? bitfury 400 gh/s units go for .05 gigahash per usa dollar while kncminer 400 gh/s unit goes for about .056 per usa dollar.

lets say that cointerra units sell for .15 gigahash per usa dollar. that would be 10k usa dollars. 

thats too expensive for me

legendary
Activity: 1974
Merit: 1003
No more pre-order please...

dito.. would be nice to purchase a in stock item for next day delivery.

If a company offers a miner at a reasonable price, people are going to order it ahead of time, and by the time the company has it all their stock will already be accounted for.

or not .. as we seen bfl .. avalon .... stop falling for these pre-orders ! no more pre-orders ! want to sell something ? have in stock !
full member
Activity: 238
Merit: 100
No more pre-order please...

dito.. would be nice to purchase a in stock item for next day delivery.

If a company offers a miner at a reasonable price, people are going to order it ahead of time, and by the time the company has it all their stock will already be accounted for.
sr. member
Activity: 252
Merit: 250
CoinTerra is proud to announce the specs of our first ASIC chip – GoldStrike1 (aka GS1)

GS1 is a 28nm chip and will be one of the highest performance ASICs in the Bitcoin mining world with a hash rate greater than 0.5TH at a power consumption of significantly less than 1 watt/GH. More details later this month before we take preorders.

The GS1 chips are expected to arrive late Q4 2013.

Our website will be ready to take preorders later this month with a range of products involving one or multiple units of the GS1.

So I just ran the calculator using 63% Monthly increase (our approximate average over the last few months) and unless Cointerra can deliver at an amazing price point (like $4/Gh), I don't see these being very popular.  I really want there to be an upside to this, but when people are fighting over the end game where you're worried about making mining profitable vs. electricity costs, then we're talking about a couple dollars a day.

http://mining.thegenesisblock.com/a/a4a60f3d98

Someone please prove me wrong, I really don't want the days of the money printing machine to be over.
This is what I've been saying. And ultimately, the profit of mining should stabilize at just over the cost of electricity. The huge rush to ASICs was a consequence of the massive rise of bitcoin price suddenly.

When the price jumps again we'll see another rush to activate ASIC power. But always the game is to pay your ROI on your device before the difficulty catches up to marginal profit, which becomes the new normal.
legendary
Activity: 994
Merit: 1000
CoinTerra is proud to announce the specs of our first ASIC chip – GoldStrike1 (aka GS1)

GS1 is a 28nm chip and will be one of the highest performance ASICs in the Bitcoin mining world with a hash rate greater than 0.5TH at a power consumption of significantly less than 1 watt/GH. More details later this month before we take preorders.

The GS1 chips are expected to arrive late Q4 2013.

Our website will be ready to take preorders later this month with a range of products involving one or multiple units of the GS1.

So I just ran the calculator using 63% Monthly increase (our approximate average over the last few months) and unless Cointerra can deliver at an amazing price point (like $4/Gh), I don't see these being very popular.  I really want there to be an upside to this, but when people are fighting over the end game where you're worried about making mining profitable vs. electricity costs, then we're talking about a couple dollars a day.

http://mining.thegenesisblock.com/a/a4a60f3d98

Someone please prove me wrong, I really don't want the days of the money printing machine to be over.
newbie
Activity: 31
Merit: 0
No more pre-order please...

dito.. would be nice to purchase a in stock item for next day delivery.
sr. member
Activity: 406
Merit: 250
No more pre-order please...

Couldn't agreed more but we will see? Wink
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