Topic: CoinTerra announces its first ASIC - Hash-Rate greater than 500 GH/s - page 119. (Read 231002 times)

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.

They're not screwed at all. They're going to get financing for their chips from the public, then they are going to mine the shit out of Bitcoin. Smart if you ask me.

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.

LOL you better hope its less than 1W/GH, have fun cooling 500W from a single chip.

head - > explode

Something or somebody doesn't check out in this thread. "Clearing cryptocurrency transactions" without mining?

Again something doesn't check out. How they want to "become a reliable and trusted node" without mining?

It would be great if the mainstream could get their hands on mining machines and get excited about this currency. Especially in this fucked up economy. Excitement will drive the price up, and that will sustain ROI more than anything. This is crucial is Bitcoin is going to prevail, rather than flop. Cointerra, you have the future of the world resting on your shoulders. Good luck.

Pushing Bitcoin mining forward with ASIC technology is exotic enough to me :-)

The perk for the angel is that if the value of the company goes up, so does the value of your investment. I'm sorry, I can't release any specific details.

"Our mission is to become a reliable and trusted node for transaction clearing on a stable and flourishing Bitcoin network." Cointerra website marketing filler, if this helps.  Caught my eye too

Hi Tuur, when you state 'completely new industry' of crypto currency transaction clearing, do you just mean ASIC mining devices, or something more exotic w.r.t. purchasing and mainstream accepence?

Well I hope you get what you're looking for out of your investment. Are we allowed to know any specific details? (I assume not) I'm curious if you get access to cheaper products/discounts, or other perks.

I've been in talks with Ravi and his team since the San Jose conference. When considering an investment, probing the integrity of the people involved is an important part of my investigation - long lasting business success in a non-protected market just doesn't grow on dishonest soil.

All my findings have confirmed my initial impression that this is a group of ethical and extremely skilled people that have the vision to help shape a completely new industry - that of crypto currency transaction clearing. This idea is very exciting to me, which is why I decided to become an angel investor.     

Tuur Demeester

Same applies to us asic customers.

my statement was posted as a customer, willing to pay if above points are fulfilled, not as company.

in germany we say "greed eats brain" (Gier frisst Hirn). Thats what seems to be happening to many so called "asic companies".

Who are you kidding? Here's a more likely scenario: Lie = more profit. That's how the world works.

Get working prototypes.
Make everything as transparent as possible
Dont sell things that dont exist at the moment of selling
deliver on time

===

profit.

If it's $500 and delivered before 2014, then Cointerra is keeping their word. Of course we'll have to wait and see. I hope they realize that exciting the Bitcoin users will work in favor of price, and fucking us will cause it to drop.

Looks like gonna break 100 to the downside.

I'm going to just preserve this here for future reference, so people won't need to dig through some archives or caches.

Cointerra/Team
 
Cointerra boasts a highly experienced engineering team of semiconductor architects and designers who have previously designed some of the world’s highest performance CPUs, GPUs and chipsets for Nvidia, Intel, Samsung, Qualcomm and Nortel. Having worked on several generations of low-power mobile devices, our team brings tremendous experience in power efficient circuitry, design methodology and implementation to the exciting new frontier of Bitcoin mining.

Executive team

The architecture, design and development effort is lead by : Ravi Iyengar, Dr. David Tannenbaum, and Jim O’Connor. The Advisory Board is headed by Dr. Naveed Sherwani.
 
Ravi Iyengar
FOUNDER & CEO

http://www.linkedin.com/in/ravidiyengar

Before founding Cointerra, Ravi was a Lead CPU Architect at Samsung Corporation. Ravi brings with him 15 years of industry experience in Architecture, Design and Verification in CPU, GPU, Desktop/Server Chipsets and ASIC Cores, and years of leadership experience in top Semi-conductor companies like Samsung, Qualcomm, NVIDIA, and Intel. Ravi has a Master’s Degree in Computer Engineering from Wright State University and a Bachelor’s Degree in Electrical Engineering from National Institute of Technology, India.
 
Dr. David Tannenbaum
Chief Architect

http://www.linkedin.com/pub/david-tannenbaum/12/4b6/647

David works as a Consultant Architect & Designer at Cointerra. He is a Principal Engineer at NVIDIA Corporation and has over 25 years of experience in the industry. He brings with him vast experience in the design of arithmetic intensive logic including single, double precision floating-point, custom floating-point, IEEE formats, transcendental support, fused multiply-add, integer operations, conversions, logical operations, custom instructions, exponentiation, logarithms. Inventor on 20+ patents. David has a Ph.D in Electrical and Electronics Engineering from  Rensselaer Polytechnic Institute.

Jim O’Connor
VP of Engineering

http://www.linkedin.com/in/jgoconnor

Over 35 years of experience in design and management. Jim has held management positions at Altior Inc(now Exar), SMSC(now Microchip), iVivity, Zagros Networks and Orologic(now Vitesse Semiconductor), Nortel Semiconductor and BroadBand Technologies.  

Jim has also held lead design positions at BroadBand Technologies, Star Technologies, General Electric, and Teledyne. His experience includes SOC design and verification, Assertion-Based Verification, physical design, systems design, software and firmware in graphics, datacom, telecom and security.

Jim is a graduate of General Electric’s Edison Engineering program and holds B.S. and M. Eng. Degrees in electrical engineering from the University of Louisville’s Speed Scientific School.
 
Dr. Naveed Sherwani
Advisor

http://www.linkedin.com/pub/naveed-sherwani/0/89/2a7

http://en.wikipedia.org/wiki/Open-Silicon

Co-Founder, President & CEO of Open Silicon. Prior to co-founding Open-Silicon, Dr. Sherwani was the founder and General Manager of Intel Microelectronics Services where he led efforts to promote the use of disciplined ASIC methodologies to improve design efficiency and time-to-market. He currently chairs the GSA (Global Semiconductor Association) Technical Steering Committee.

Dr. Sherwani co-architected the Intel microprocessor design methodology and environment that has been used in several leading microprocessors. Prior to joining Intel, he worked as a consultant for various telecommunications and computer companies, mainly focusing on ASIC design flow and cell library design to improve time-to-market.

Dr. Sherwani is the author of textbook on Physical Design, which is widely used as the main textbook at major universities around the world. In addition, he has authored or co-authored three books and over 100 articles on various aspects of Physical Design Automation and ASICs.