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Topic: CoinTerra announces its first ASIC - Hash-Rate greater than 500 GH/s - page 12. (Read 231002 times)

sr. member
Activity: 404
Merit: 250
I just saw this today: http://www.coindesk.com/cointerra-ships-5000th-terraminer-offers-20-discount/. I went to the CoinTerra website and confirmed this was the case, and you do claim that you have miners in stock. The story I linked to also has the following line:
Quote
March orders were fulfilled and the company now says it has shipped the April batch of orders to customers ahead of schedule.

They have not shipped my March order yet. This is incredibly frustrating for me when you take into account everything I went through with my December Order. I am sending them an email, and will let everyone know.
sr. member
Activity: 462
Merit: 250

Appears one of the four pumps is not running. The machine is sealed so I am basically waiting now to see how this gets fixed by Cointerra.

Why not ask dtuur how he feels or cares about your issues... Cointerra has angel investors that they answer to and please, the customers are just a means to that end



I'm suspicious of Cointerra. They are entering a market of consumers who have been fucked and misled by every ASIC mining company. Why are they any different than anyone else? All these companies have proven to be motivated by the dream of printing money, just as much as their consumers are motivated to throw money at them to finance their dreams, and then never get their product. So, big deal, Cointerra has access to better technology, does this mean we should automatically assume they will run a more honest business? You can talk all you want about business models that favor the consumer, while you plan on taking pre-orders, and plan on delivering late because you do what every other mining company has done: massive delays without any real excuse, misleading consumers, etc. At what point should we assume you are anymore honest than they were?

Another concern is the fact that you have only announced one product, over .5 TH. How is that good for the market? It will most probably be too expensive for entry level miners. See, that is proof that you don't care about what will make the real Bitcoin market strong, and that is the small people.

I hope I'm wrong.

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
sr. member
Activity: 258
Merit: 250

I just filled a class action , PM I will send you the details.

I have a CT IV which hashes about 1.1 thps.  That's 55% of what I paid for.  They seem disinclined to provide any satisfaction.

Are there any lawsuits pending which I might join?  Is anyone else interested in joining a class action?

I'm watching, i can't say the i... word anymore.
member
Activity: 84
Merit: 10

I just filled a class action , PM I will send you the details.

I have a CT IV which hashes about 1.1 thps.  That's 55% of what I paid for.  They seem disinclined to provide any satisfaction.

Are there any lawsuits pending which I might join?  Is anyone else interested in joining a class action?
full member
Activity: 156
Merit: 100
Cryptocurrency Rules man!


Posted From bitcointalk.org Android App
hero member
Activity: 700
Merit: 500
They have the in stock 1.6Th/s miners out on sale for $4799. Lots of people must have cancelled their order and requested a refund.


probably because KnCMiner just opened up sales of mini Neptune for $3500 at same speed and lower power consumption than cointerra's.

KnC is eating their ass for lunch.  makes the first few posts in this thread seem even funnier.   
sr. member
Activity: 533
Merit: 251
What action did you guys take when one of the 4 cores stopped working? As though its not already bad with 20% less hashrate now one of the cores has stopped working reducing the hash rate to 1.2 Th/s.
Just restart cgminer from the config tab.

No luck restarting cgminer. I also restarted the machine both using Restart System option and hard booting it. The 2nd core of CTA0 appears to be hosed. I have left a voicemail and sent an email. Hope to have this resolved ASAP with Cointerra's asistance.

Appears one of the four pumps is not running. The machine is sealed so I am basically waiting now to see how this gets fixed by Cointerra.
hero member
Activity: 966
Merit: 513
They have the in stock 1.6Th/s miners out on sale for $4799. Lots of people must have cancelled their order and requested a refund.


probably because KnCMiner just opened up sales of mini Neptune for $3500 at same speed and lower power consumption than cointerra's.

Correction. Knc did *NOT* just open up sales of mini Neptunes. They opened up a NON-REFUNDABLE queue in which you may pay 100% of the price now and hopefully get your perishable product if and when they get around to building it.
sr. member
Activity: 475
Merit: 250
They have the in stock 1.6Th/s miners out on sale for $4799. Lots of people must have cancelled their order and requested a refund.


probably because KnCMiner just opened up sales of mini Neptune for $3500 at same speed and lower power consumption than cointerra's.
legendary
Activity: 3878
Merit: 1193
2.  I've looked into Texas law and, from what I've found, either party can bring an attorney to small claims, so one could not assume that CT will not have representation.  I think they almost certainly would.  

Thanks for the correction. Texas small claims courts do allow lawyers. A few other states do not.
hero member
Activity: 700
Merit: 500
class action is likely better.  a good lawyer has a better chance of winning than any one of us showing up in court.  that will cost some amount of money.  and yes, I'd be willing to look at that option, as it becoming clear that they have no plans to do anything about any of this.

Small claims court is the best. No lawyers allowed, so minimal cost to go to small claims court. It would be easy to show you ordered a product with specific performance, and were delivered something that fails to meet the specs (or not delivered anything, etc). The hard part is you have to show up in their home town court. If you live far away, that would be a problem.


I looked at small claims initially also, thinking the same thing.

I came to a different conclusion however due to these facts:

1.  as you indicate this is in Texas, which I am not, and it's likely that most customers are not either.
2.  I've looked into Texas law and, from what I've found, either party can bring an attorney to small claims, so one could not assume that CT will not have representation.  I think they almost certainly would.  
3.  I think a local lawyer would be better suited to argue it, having a better understanding of the laws/courts there.  
 
On a more anecdotal level I went to court once without a lawyer, thinking it was an easy, obvious thing.  I will never do that again.  

What I learned was to always bring a lawyer to court.  The most experienced, respected member of the local bar as is possible.  
sr. member
Activity: 533
Merit: 251
What action did you guys take when one of the 4 cores stopped working? As though its not already bad with 20% less hashrate now one of the cores has stopped working reducing the hash rate to 1.2 Th/s.
Just restart cgminer from the config tab.

No luck restarting cgminer. I also restarted the machine both using Restart System option and hard booting it. The 2nd core of CTA0 appears to be hosed. I have left a voicemail and sent an email. Hope to have this resolved ASAP with Cointerra's asistance.
legendary
Activity: 3878
Merit: 1193
class action is likely better.  a good lawyer has a better chance of winning than any one of us showing up in court.  that will cost some amount of money.  and yes, I'd be willing to look at that option, as it becoming clear that they have no plans to do anything about any of this.

Small claims court is the best. No lawyers allowed, so minimal cost to go to small claims court. It would be easy to show you ordered a product with specific performance, and were delivered something that fails to meet the specs (or not delivered anything, etc). The hard part is you have to show up in their home town court. If you live far away, that would be a problem.
-ck
legendary
Activity: 4088
Merit: 1631
Ruu \o/
What action did you guys take when one of the 4 cores stopped working? As though its not already bad with 20% less hashrate now one of the cores has stopped working reducing the hash rate to 1.2 Th/s.
Just restart cgminer from the config tab.
sr. member
Activity: 533
Merit: 251
What action did you guys take when one of the 4 cores stopped working? As though its not already bad with 20% less hashrate now one of the cores has stopped working reducing the hash rate to 1.2 Th/s.
hero member
Activity: 700
Merit: 500
I have a CT IV which hashes about 1.1 thps.  That's 55% of what I paid for.  They seem disinclined to provide any satisfaction.

Are there any lawsuits pending which I might join?  Is anyone else interested in joining a class action?
why would anyone need a class action lawsuit.  Try a regular small claims lawsuit.  The good thing is collecting on the judgement will be super easy.

class action is likely better.  a good lawyer has a better chance of winning than any one of us showing up in court.  that will cost some amount of money.  and yes, I'd be willing to look at that option, as it becoming clear that they have no plans to do anything about any of this.
legendary
Activity: 896
Merit: 1006
First 100% Liquid Stablecoin Backed by Gold
I have a CT IV which hashes about 1.1 thps.  That's 55% of what I paid for.  They seem disinclined to provide any satisfaction.

Are there any lawsuits pending which I might join?  Is anyone else interested in joining a class action?
why would anyone need a class action lawsuit.  Try a regular small claims lawsuit.  The good thing is collecting on the judgement will be super easy.
legendary
Activity: 1596
Merit: 1030
Sine secretum non libertas
I have a CT IV which hashes about 1.1 thps.  That's 55% of what I paid for.  They seem disinclined to provide any satisfaction.

Are there any lawsuits pending which I might join?  Is anyone else interested in joining a class action?
legendary
Activity: 1904
Merit: 1007
So CoinTerra went HashFail way? Selling "in stock" items while pre-order customers didn't received their orders?
sr. member
Activity: 533
Merit: 251
They have the in stock 1.6Th/s miners out on sale for $4799. Lots of people must have cancelled their order and requested a refund.
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