Topic: CoinTerra announces its first ASIC - Hash-Rate greater than 500 GH/s - page 116. (Read 231002 times)

Can't wait for that.

Good luck from a fellow Texan.  

Yes, we plan to have > 1TH/s rigs, and Yes, the prices will be much lower than the competition. Our product lineup, specs, and prices are coming out by end of this month.

At this rate the only way CoinTerra is going to be worth is if they produce a 1TH/s machine and price it so good that nobody will even think of KnC. It has to be the same sort of difference like when you see BFLs 500GH/s machine sold for $22k when KnC is offer 400GH/s for $7k - it's a no brainer. Cointerra is going to have to pull off something like this. They openly stated that they want to make it more efficient with smaller chips etc, but with Bitcoin and where the difficulty is headed, that won't matter. Right now being first counts, because at the rate the difficulty is set, by the time the CoinTerra machines arrive, they are just going to be too late and overpriced.

To be honest, ASIC manufacturers should really be talking about 750GH~1TH/s at this point in time.

investomers  .... Love this FH

Why would any company risk their own, or investors money when they can risk your money for nothing? 

Economics 101 people:

Business model A, fund entire business with owner/investor capital.  Company is successful and owners/investor make a killing.  Company flops, goes bankrupt etc owners/investors lose all/majority of investment

Business model B, fund as little of the start up as possible while still retaining all/majority ownership, round up investomers to pre-order and bare majority of risk.  Company is successful and owners make a killing, investomers simply get a product they paid for that they will be lucky to break even on and WILL be obsolete in a few months. Company flops, delays delivery, goes bankrupt etc and owners are out only initial funding (at worst, possible owners actually profit off bankrupting/delaying delivery LOL) while investomers lose EVERYTHING/majority of +ROI. 

There is a reason why the majority of ASIC manufacture's want you to shoulder the risk FOR them instead of WITH them, look at BFL and Avalon for two big reasons why (SHIT HAPPENS when you don't control every single solitary process and even sometimes when you do!)

Someone showed a photo of their original presentation, I think to investors? somewhere earlier in this thread where they'd been planning to do upfront NRE themselves and sell finished products. That then changed and they affirmed the pre-order model.

That was HashFast, I think. Cointerra said they were going to do pre-orders but had spent like 1.5m already...

Sure, but the rate of difficulty increase is flying so high right now that the value of X gigahash/sec is being cut in half by the month. So there's only so many more months until the difference between profit and market value is zero. I mean, this is crazy, I've never seen anything like this in any other industry. Profitability is a matter of weeks right now! We're certainly living history. Maybe this will be known as the great gigahash-crash of '13. Who knows. The market glutted with gigahash that can't pay for their purchase price and/or can't pay for their electricity costs if run, and hardware companies stuck with machines they can't sell anymore. That's bound to happen.

If Cointerra isn't careful they may be stuck with unsellable inventory.

Remember initially they were going to have their NRE all paid for up-front. So what changed? I imagine their investor(s) looked at where the market and difficulty was going and decided it was way too much risk for however many million and backed out and Cointerra decided to offload risk to pre-order customers and continue with the venture.

But despite their awesome experience and bona fides, it may simply be too late to make an impact, especially if KNC ships.

Wait too long and the only price someone will buy a Cointerra machine for is less than it costs to produce the device. Wait a bit longer and even the chip will be worth less than it costs to run it on electricity.

Well, Cointerra's chips will likely have world-class efficiency, so perhaps they'll always have chip-buys in the end, but it will be at a marginal profit at best, not BFL or Avalon profit. Those days are gone.

The lower the prices the better.

Completely agree...    god I hope KNC ships on schedule!   

Yes, such options are available. We will release the details on our website during the product launch by end of this month.

Their designs make no sense at all - they look like they'd be really expensive to manufacture, compared to something like the Avalon case, anyway.

Maybe their plan is to lock up a bunch of money in escrow, then use that as an asset to get a loan from someone? Maybe they'll scam people with their multi-sig escrow for large BTC purchases. Or it's possible they really do have a ton of money and no idea what they're doing. In which case I don't see the need for escrow.

Any options to do local pickup for warehouse or office complex ie pay on arrival at company and pay in person or maybe to do a deposit on order and then rest on collection?

The issue I have with them is the high level of design.. weird, i know.  But no other company has put so much effort in design at their stage other than BFL.

The other thing keeping them talked about is the ability to escrow the funds.

H/Joule is relevant for us because that is what allowed us to pack more hash engines in the die without going overboard on the wattage. A better H/Joule allowed us a better overall H/mm2.

Do you have some insider information on KnC and/or HashFast? Do you know how big their dies are going to be? Or are you just assuming that because your design is so awesome there's obviously no way your competition could be close

H/s/mm2 is a big deal, but at this point H/Joule isn't all that relevant at the moment, and hopefully won't be for a while.

The price info will be released before end of the month. The specs, SKUs, will all be released. We are waiting for our e-commerce platform to be ready before posting the price information. Don't want to release it prematurely when we still cannot accept orders.

when will the price info be released?

$/GH is coming soon. By end of this month it will be all out there on our website.
Design team is based in Austin, TX. Our Foundry is Global Foundries, Physical Design and Tapeout is done by Open-Silicon.
We are building our customer support team now, once we have it in place, we will give out our phone #s.

Right, and unlike Cointerra, KnC has already paid for all their NRE.   That means that, unlike Cointerra and KnC at this point - they can dump the chips for any price above their fabrication/production/shipping cost and still make a profit.  

In fact, they can actually operate at a slight loss until their competition gives up.

Only way Cointerra can beat them is if their chips are far cheaper to produce then KnC's.

Hopefully they're taking lessons from what's happening with HashFast.