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Topic: CoinTerra announces its first ASIC - Hash-Rate greater than 500 GH/s - page 118. (Read 231016 times)

full member
Activity: 182
Merit: 100
I look forward to a cointerra pre order.

Everyone is trying to race to be first, or else it's too late, you will never get roi. You have everything to lose in a few weeks.

Cointerra isn't bothering with this stage of the race, and seems to be starting the next one.

They know full well, as everyone does, that the network hash rate could well be 5 petahash by the time they release their product, and they still feel like they will be competitive. I like that.

I think the steepest part of the difficulty chart would be September to November. A product that comes out when the chart flattens out a little will have an advantage.

But what do I know, I am a 3 post newb.





Why do people speak for others? How do you know what they know, or what their true strategy is? You are not God, you are merely a speculator. There were people like you saying the same thing about BFL, and they disappointed all their customers, even the loyal cheerleading speculator/gamblers. This ASIC mining game has proven to be a race to steal capital from as many people as possible, then use it to attain chips that will make their struggle even more difficult. The Bitcoin community is financing it's own demise with 99% of the investments it makes. No wonder the 1% exists in society.
newbie
Activity: 28
Merit: 0
Great points. I revise my estimate down to: 500GH/s at $3.5-4K, assuming shipping begins in late Nov. - early Dec.

LOWER!!!
it's called an anchor. The first number you have in your head will weight your final decision. Keep in mind asics seem to be about half as profitable every month.
full member
Activity: 143
Merit: 100
Comparing billion dollard revenue to few million dollards revenue...... what a genius.

Gotta love the dollards!
sr. member
Activity: 364
Merit: 250
Curious to see their pricing so I can make my final decision on my last rig order of 2013.

Since they said they'll beat everyone's pricing I'm guessing they'll offer a 500GH/s unit at $4.5-5K. If it's somehow lower than this I'll be pleasantly surprised.

They'll need to do much better then that.  You have an $7k, 400Mh/s unit in September, and then a $5.6k 400Mh/s unit in Late October.  The difficulty is going to double between those time periods, and likely most of the mining profitability will be gone - the delay will cost more then the 'discount'.

Great points. I revise my estimate down to: 500GH/s at $3.5-4K, assuming shipping begins in late Nov. - early Dec.
legendary
Activity: 1652
Merit: 1067
Christian Antkow
I really hate to be a turd in the punch-bowl like this, but I'm crying high and holy bullshit on anyone delivering 28nm and below before 2014.
hero member
Activity: 778
Merit: 563
Curious to see their pricing so I can make my final decision on my last rig order of 2013.

Since they said they'll beat everyone's pricing I'm guessing they'll offer a 500GH/s unit at $4.5-5K. If it's somehow lower than this I'll be pleasantly surprised.

They'll need to do much better then that.  You have an $7k, 400Mh/s unit in September, and then a $5.6k 400Mh/s unit in Late October.  The difficulty is going to double between those time periods, and likely most of the mining profitability will be gone - the delay will cost more then the 'discount'.

but it will be water cooled!  haha

full member
Activity: 238
Merit: 100
Curious to see their pricing so I can make my final decision on my last rig order of 2013.

Since they said they'll beat everyone's pricing I'm guessing they'll offer a 500GH/s unit at $4.5-5K. If it's somehow lower than this I'll be pleasantly surprised.

They'll need to do much better then that.  You have an $7k, 400Mh/s unit in September, and then a $5.6k 400Mh/s unit in Late October.  The difficulty is going to double between those time periods, and likely most of the mining profitability will be gone - the delay will cost more then the 'discount'.
sr. member
Activity: 364
Merit: 250
Curious to see their pricing so I can make my final decision on my last rig order of 2013.

Since they said they'll beat everyone's pricing I'm guessing they'll offer a 500GH/s unit at $4.5-5K. If it's somehow lower than this I'll be pleasantly surprised.
member
Activity: 69
Merit: 10
Based on the numbers, it looks like I'd be better off canceling at least one of my KnC pre-orders to get this rig.  If my pre-orders (in the 30xx) don't ship until late October, I'd be paying a 50% premium for a less efficient machine.  The water-cooling of this rig is exciting.
newbie
Activity: 28
Merit: 0
I look forward to a cointerra pre order.

Everyone is trying to race to be first, or else it's too late, you will never get roi. You have everything to lose in a few weeks.

Cointerra isn't bothering with this stage of the race, and seems to be starting the next one.

They know full well, as everyone does, that the network hash rate could well be 5 petahash by the time they release their product, and they still feel like they will be competitive. I like that.

I think the steepest part of the difficulty chart would be September to November. A product that comes out when the chart flattens out a little will have an advantage.

But what do I know, I am a 3 post newb.



hero member
Activity: 493
Merit: 500
Hooray for non-equilibrium thermodynamics!
Don't Buy when they cannot guarantee delivery time and no money back guarantee!

Remember never join and group buy. The promoters don't take care of your shit when they are problems.


For f**ks sake eve, do you have to post this on every thread I've been reading lately? I don't know whose group buy you're pissed off with, but I'm pretty sure that everybody has had enough of hearing about it. I'm sure there are examples of good and bad practice, but the groups that I've seen or been involved in have group buy leaders that have gone above and beyond what they agreed to do for the group members. These are generally good people who are often putting a lot of time into their groups, so give them a break. If an ASIC company has failed to deliver then the GB leader is not responsible for compensating you unless they specifically agreed to do this in the terms and conditions that you signed up to when you joined the group.
eve
full member
Activity: 210
Merit: 100
Don't Buy when they cannot guarantee delivery time and no money back guarantee!

Remember never join and group buy. The promoters don't take care of your shit when they are problems.
legendary
Activity: 1498
Merit: 1000
...
If KnC ships, HashFast customers are screwed.
If HashFast ships, then Cointerra customers are screwed. 

The only way they can make a profit is by going for extremely high volume.
...

+1
If none of them ship, all the customers are screwed.
If *all* of them ship, all the customers are screwed too! 

The only meaningful win:
The horse you back wins, the others drop out of the race. 

What we need is BTC to go above 200 again!   
Exactly.
It has to otherwise the entire concept does not work.
 Wink
BTC @MtGox, it has begun!!!  Tongue
legendary
Activity: 2254
Merit: 1020
★ Ⓚ KORE TEAM Ⓚ ★
...
If KnC ships, HashFast customers are screwed.
If HashFast ships, then Cointerra customers are screwed. 

The only way they can make a profit is by going for extremely high volume.
...

+1
If none of them ship, all the customers are screwed.
If *all* of them ship, all the customers are screwed too! 

The only meaningful win:
The horse you back wins, the others drop out of the race. 

What we need is BTC to go above 200 again!   
Exactly.
It has to otherwise the entire concept does not work.
 Wink
hero member
Activity: 778
Merit: 563
...
If KnC ships, HashFast customers are screwed.
If HashFast ships, then Cointerra customers are screwed. 

The only way they can make a profit is by going for extremely high volume.
...

+1
If none of them ship, all the customers are screwed.
If *all* of them ship, all the customers are screwed too! 

The only meaningful win:
The horse you back wins, the others drop out of the race. 

What we need is BTC to go above 200 again!   
full member
Activity: 210
Merit: 100
...
If KnC ships, HashFast customers are screwed.
If HashFast ships, then Cointerra customers are screwed. 

The only way they can make a profit is by going for extremely high volume.
...

+1
If none of them ship, all the customers are screwed.
If *all* of them ship, all the customers are screwed too! 

The only meaningful win:
The horse you back wins, the others drop out of the race. 
legendary
Activity: 1498
Merit: 1000
Because they figured out where the least risky money was to be made :\ On dupes who can't see where the difficulty is going.

Cointerra appears to be too late to the party. If KNC ships, they're largely screwed. High efficiency is a luxury only if the device can achieve positive ROI in the first place, efficiency then extends its life against electrical costs. I don't think a device shipping in Jan '14 with these stats can achieve positive ROI unless it's less than $2k, and then that's hardly any profit for the manufacturer so why are they bothering.

Late, late, for a very important date.

If KnC ships, HashFast customers are screwed.
If HashFast ships, then Cointerra customers are screwed.  

The only way they can make a profit is by going for extremely high volume.

If they charge $1000 for 500Gh/s anyone interested in mining will basically have no choice but to buy.  They sell 3,000 units, that's $3 million dollars, and 1.5Ph/s added to the network.

And if you think about it, there's probably no reason they can't charge prices like that.  An Intel celeron chip is fab'd at 22nm and only cost $50, for example.
And not to mention non-28nm competitors flooding the market (Bitfury, Labcoin, BTCGarden, Active Mining, ASICMiner, Avalon, BFL, the guys from UK...)!

EDIT: Guys from UK=xCrowd
full member
Activity: 238
Merit: 100
God.... i have to reply to this idiot....

Comparing billion dollard revenue to few million dollards revenue...... what a genius.


There is a reason why Intel's cost is $50/chip idiot.

At least I know how to spell "dollar".  

I wasn't saying Cointerra could sell their chip for $50, only that they could probably sell it for less then $1000 if they had enough volume.
full member
Activity: 238
Merit: 100
God.... i have to reply to this idiot....
Comparing billion dollard revenue to few million dollards revenue...... what a genius.
There is a reason why Intel's cost is $50/chip idiot.
You know, even if English isn't your first language...the spell checker is in English...so:

If you're going to engage in ad hominem attacks on somebody, you look way more credible, and invite way less attention, if you don't spell words like "dollar" wrong.

Just sayin...
hero member
Activity: 658
Merit: 500
Because they figured out where the least risky money was to be made :\ On dupes who can't see where the difficulty is going.

Cointerra appears to be too late to the party. If KNC ships, they're largely screwed. High efficiency is a luxury only if the device can achieve positive ROI in the first place, efficiency then extends its life against electrical costs. I don't think a device shipping in Jan '14 with these stats can achieve positive ROI unless it's less than $2k, and then that's hardly any profit for the manufacturer so why are they bothering.

Late, late, for a very important date.

If KnC ships, HashFast customers are screwed.
If HashFast ships, then Cointerra customers are screwed. 

The only way they can make a profit is by going for extremely high volume.

If they charge $1000 for 500Gh/s anyone interested in mining will basically have no choice but to buy.  They sell 3,000 units, that's $3 million dollars, and 1.5Ph/s added to the network.

And if you think about it, there's probably no reason they can't charge prices like that.  An Intel celeron chip is fab'd at 22nm and only cost $50, for example.


God.... i have to reply to this idiot....

Comparing billion dollard revenue to few million dollards revenue...... what a genius.


There is a reason why Intel's cost is $50/chip idiot.
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