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Topic: CoinTerra announces its first ASIC - Hash-Rate greater than 500 GH/s - page 120. (Read 231016 times)

hero member
Activity: 778
Merit: 563
If delivered by January 1st, 2014; With free shipping, free electricity, and using p2pool to avoid fees, a 500GH/s unit will break even in about a year at $6/GHs, or $3,000 for the unit.

Sounds like BTC needs to go back above $200...     
sr. member
Activity: 350
Merit: 250
If delivered by January 1st, 2014; With free shipping, free electricity, and using p2pool to avoid fees, a 500GH/s unit will break even in about a year at $6/GHs, or $3,000 for the unit.
full member
Activity: 238
Merit: 100
Both customers and producers are in it for the money. There is no other reason to do any of this. It should be possible to operate in a way that customers and producers both make money, especially when the difficulty is low. But as the diff goes up there will be a smaller and smaller pie for everyone.
full member
Activity: 173
Merit: 100
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.

Well if you think they are in it for anything else but money you are probably wrong...
hero member
Activity: 778
Merit: 563

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 don't think that proves anything.  If a single chip does .5 TH, what do you want them to do?  1/2 chips?   They have also not released a price.   I don't follow your logic on those statements.   

Its also possible that a 500 GH/s chip sells for $500.  Can't say otherwise as no info around price was released.  And if that was the case, sign me up.   Smiley 
full member
Activity: 182
Merit: 100
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.
member
Activity: 113
Merit: 10
Hey, where has Dr. David Tannenbaum disappeared? Huh


Yes, it does appear on the website as though Dr. Dave is gone, and Dr. Naveed has moved up to onto the "active" row.  

I would be surprised if there is not very rapid mutation of business planning at CoinTerra, just as there evidently has been at HashFast (or FastHash; I'll never be able to really know which way it is).  

It just isn't the pre-order slam dunk market of the spring any more.

Dr David likes his privacy, so his name has been removed from the website.
hero member
Activity: 778
Merit: 563
The day when you can order X hashing power and get X return the next day is much like the GPU era.    The return is very little and you pray to god that BTC doesn't plummet in price.     It will be interesting but I feel many ASIC vendors will fold if some are able to produce efficient, powerful machines that can be assembled and mailed immediately.  This will all play out this year...    gonna get c r a z y.



full member
Activity: 238
Merit: 100
Hey, where has Dr. David Tannenbaum disappeared? Huh


Yes, it does appear on the website as though Dr. Dave is gone, and Dr. Naveed has moved up to onto the "active" row.  

I would be surprised if there is not very rapid mutation of business planning at CoinTerra, just as there evidently has been at HashFast (or FastHash; I'll never be able to really know which way it is).  

It just isn't the pre-order slam dunk market of the spring any more.
LZ
legendary
Activity: 1722
Merit: 1072
P2P Cryptocurrency
Hey, where has Dr. David Tannenbaum disappeared? Huh

sr. member
Activity: 406
Merit: 250
full member
Activity: 210
Merit: 100
The pricing better be darned sweet or december won't be worth it.

Where'd they say December? Late 2013 could mean Oct - November.

Although I'd agree, by December unless Bitcoin price rises substantially I think there will have to be a pricing shakeup in the ASIC market.

It says late Q4. Late Q4 is not October - November in the business world. Late Q4 is at the very least, after Thanksgiving, and generally would reference December (and possibly late November).
full member
Activity: 238
Merit: 100
Bitcoin For All
Wellllll I guess that the way I am going to handle this from now on is that all my purchases be quoted as "CIH" -- Chips in Hand! Or perhaps -- CIH - NS -- Chips in Hand or NO SALE!

All these tales of woe wet my eyes -- but thanks for the heads up from everyone on these pre-order "deals".
member
Activity: 117
Merit: 10
Reserving that post in the thread for future edits.

Done so the poster can add information to the top of the thread. 
But isn't it usually the original poster, or someone in the announcing team, that "reserves"? 

Don't get me wrong; I'm happy that others are doing so, since I reserved one too.  Matter of fact, I'm raising my price on my reserved post to 1.8 BTC.   Wink

selling reply #1 for 2 btc Wink
full member
Activity: 238
Merit: 100
Reserving that post in the thread for future edits.

Done so the poster can add information to the top of the thread. 
But isn't it usually the original poster, or someone in the announcing team, that "reserves"? 

Don't get me wrong; I'm happy that others are doing so, since I reserved one too.  Matter of fact, I'm raising my price on my reserved post to 1.8 BTC.   Wink
hero member
Activity: 840
Merit: 1000
The pricing better be darned sweet or december won't be worth it.

Where'd they say December? Late 2013 could mean Oct - November.

Although I'd agree, by December unless Bitcoin price rises substantially I think there will have to be a pricing shakeup in the ASIC market.
full member
Activity: 196
Merit: 100
I love Bitcoin
interesting...going to monitoring..
legendary
Activity: 1456
Merit: 1018
HoneybadgerOfMoney.com Weed4bitcoin.com
Will it be a preorder? (hope not Cheesy))
Or will you send the chips immediately(few days) after payment?

Yes, they are doing a pre-order. It says so on their website.

If they succeed, when they are done their chips will go to the people who pre-ordered.

The thing is that if you've been in this for a while, or have money to burn, then no biggie on a pre-order to keep up with the arms race.  Some of us are relatively new to the scene.  Take my group, for example, we've got thousands sitting in an account waiting for us to make a hardware decision, however it simply isn't worth investing at this point because there is no clear quasi-safe move.  If we were mining since 2010, had a BTC wallet as fat as a cow, and could pay for all our pre-orders with either BTC direct or by doing a small dump to an exchange, that's a different story.  But people putting fresh cash into pre-orders right now is kinda nuts.

That's true, although what sucks for people who pre-ordered from BFL is that they would probably have hoarded their coins if BFL hadn't taken them, and at the time they were worth a lot less.  If you ordered a Jalapeno you probably paid about 20-40btc. If you ordered a mini-rig that would have been maybe 3000BTC. Little chance you'll ever see that again.

On the other hand, it's pretty unlikely that the price of BTC is going to go up by 10x like it did last year around this time.

wow if I paid 3K btc and this happened and I still didn't get my unit delivered - I'd need to commit a few 'irreversible' acts in KS.  Wink
hero member
Activity: 539
Merit: 500
What the hell is this "reserved" business?  Is it like ticket scalping or BFL pre-orders that we can sell on ebay?  

For sale:  Post number 7 on CoinTerra's announcement thread.  Buy It Now for 1.5 BTC.  Details at zombo dot com.

reserved.

Reserving that post in the thread for future edits.

Done so the poster can add information to the top of the thread. 
sr. member
Activity: 462
Merit: 250
The pricing better be darned sweet or december won't be worth it.
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