CoinTerra announces its first ASIC - Hash-Rate greater than 500 GH/s - page 122.

cointerra

member

Activity: 113

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Quote from: papamoi on August 06, 2013, 02:52:21 PM

beside the preorders facts, i ve got a presentation from cointerra where they only shows their interests in mining for themselves and not only selling miners

what is your exact plan?

i ve got a ppt presentation where all this is detailled →i can put it online if someone needs it

That is outdated. We do NOT plan to mine. We only plan retail sales.

papamoi

sr. member

Activity: 378

Merit: 250

beside the preorders facts, i ve got a presentation from cointerra where they only shows their interests in mining for themselves and not only selling miners

what is your exact plan?

i ve got a ppt presentation where all this is detailled →i can put it online if someone needs it

dtuur

newbie

Activity: 37

Merit: 0

I can attest there is no hostility at all between Cointerra and KnCMiner. Anyone attending Inside Bitcoins in New York could see Ravi and Sam chatting throughout the day.

Here's a shot I snapped of them at the EVR afterparty (forgive the poor quality, my lens was condensated):

ftping

full member

Activity: 183

Merit: 100

200 OK

Quote from: ?? on ??

Quote from: cointerra on August 06, 2013, 02:28:35 PM

No mean-spiritedness. We believe in friendly business, healthy competition.

Here at bitcointalk.org, we believe in pitchforks.

I think we're all just fed up. A lot of us had BFL or Avalon pre-orders, and we're sick of scams and sick of waiting for products. You can never be too careful in this community. Hell, I could go ahead and create 4 fake LinkedIn profiles and a fake website and fake products, call myself CoinDigging and start taking preorders. Until we actually see products from these guys, how can we say it's not a scam?

Disclaimer, I'm not making any accusations, I'm just stating that it's very easy to scam when you're promising people money generating machines.

cointerra

member

Activity: 113

Merit: 10

No mean-spiritedness. We believe in friendly business, healthy competition.

greenbtc

full member

Activity: 210

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Quote from: Loredo on August 06, 2013, 02:23:03 PM

Quote from: greenbtc on August 06, 2013, 02:12:29 PM

I like choices, but bursting through the gates with nothing behind you and then start throwing insults around doesn't seem to be the best way to conduct business.

I think we can all give him some slack. He was being flippant, and it came out wrong.

Unlike some spokesmen for some companies, he was not being mean-spirited, and he has explained his statement.

That's fine, I didn't see his post as I was writing my post while he responded.

Tsukene

member

Activity: 117

Merit: 10

Quote from: Loredo on August 06, 2013, 02:23:03 PM

Quote from: greenbtc on August 06, 2013, 02:12:29 PM

I like choices, but bursting through the gates with nothing behind you and then start throwing insults around doesn't seem to be the best way to conduct business.

I think we can all give him some slack. He was being flippant, and it came out wrong.

Unlike some spokesmen for some companies, he was not being mean-spirited, and he has explained his statement.

I agree with Loredo here, as the original person who the spokesperson was replying to when he said that, I see it as not a big deal. Because in all honesty he is right to a point.

It's text that you are reading it's hard to understand how he was saying it..

I don't think he was trying to come out and directly put down another company. It's with any other rig from any other company, over time it will become less effective.

Loredo

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Activity: 238

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Quote from: greenbtc on August 06, 2013, 02:12:29 PM

I like choices, but bursting through the gates with nothing behind you and then start throwing insults around doesn't seem to be the best way to conduct business.

I think we can all give him some slack. He was being flippant, and it came out wrong.

Unlike some spokesmen for some companies, he was not being mean-spirited, and he has explained his statement.

greenbtc

full member

Activity: 210

Merit: 100

Quote from: cointerra on August 06, 2013, 02:00:44 PM

Quote from: ASIC-K on August 06, 2013, 01:39:21 PM

Quote from: cointerra on August 06, 2013, 12:34:19 PM

Quote from: Tsukene on August 06, 2013, 12:21:51 PM

Any idea of price per GH/s?

I am trying to decide to wait for you, or order through KnC.

If you are ok with discarding your KNC product in a couple of months after purchase, then go for it.

yeah, i have to admit this is pretty rude and hostile....

Didn't mean to be rude or hostile. The Knc folks are our very good friends. My point was that the ROI on your investment with the current rigs will not be much more than a couple of months when new more powerful rigs come online.

You realize KnC batch #2 can say the same thing about your product, right? You can actually make this point with all of the companies. I am with Bitcoinarama on this, I like choices, but bursting through the gates with nothing behind you and then start throwing insults around doesn't seem to be the best way to conduct business.

cointerra

member

Activity: 113

Merit: 10

Quote from: Bitcoinorama on August 06, 2013, 02:08:22 PM

Quote from: cointerra on August 06, 2013, 02:00:44 PM

Quote from: ASIC-K on August 06, 2013, 01:39:21 PM

Quote from: cointerra on August 06, 2013, 12:34:19 PM

Quote from: Tsukene on August 06, 2013, 12:21:51 PM

Any idea of price per GH/s?

I am trying to decide to wait for you, or order through KnC.

If you are ok with discarding your KNC product in a couple of months after purchase, then go for it.

yeah, i have to admit this is pretty rude and hostile....

Didn't mean to be rude or hostile. The Knc folks are our very good friends. My point was that the ROI on your investment with the current rigs will not be much more than a couple of months when new more powerful rigs come online.

At which point your rigs haveuch greater competing hashrate before they can ROI. People who buy KnC kit now or order at the time of Hashast and your preorders will likely recover most of their investment and be profiting way ahead of your customers for products they purchased at the exact same time.

Your products will have to be priced at a price equal to KnC minus the money their customers can recoup in the time from receipt of order to your own delivery whenever that will be.

I'm not being imflammatory I want choice as much as the next person, but this is common sense in my mind...

That is how it will be priced.

cointerra

member

Activity: 113

Merit: 10

Quote from: cointerra on August 06, 2013, 02:00:44 PM

Quote from: ASIC-K on August 06, 2013, 01:39:21 PM

Quote from: cointerra on August 06, 2013, 12:34:19 PM

Quote from: Tsukene on August 06, 2013, 12:21:51 PM

Any idea of price per GH/s?

I am trying to decide to wait for you, or order through KnC.

If you are ok with discarding your KNC product in a couple of months after purchase, then go for it.

yeah, i have to admit this is pretty rude and hostile....

Didn't mean to be rude or hostile. The Knc folks are our very good friends. My point was that the ROI on your investment with the current rigs will not be much more than a couple of months when new more powerful rigs come online.

As we all know the ROI from the ASIC mining boxes depreciate at a rate faster than anything else in the world. That was the point I was making, albeit a little flippantly and appeared in poor taste. We don't intend to disparage anyone, any competitor. We believe all healthy competition is good for the Bitcoin ecosystem.

Bitcoinorama

hero member

Activity: 532

Merit: 500

Quote from: cointerra on August 06, 2013, 02:00:44 PM

Quote from: ASIC-K on August 06, 2013, 01:39:21 PM

Quote from: cointerra on August 06, 2013, 12:34:19 PM

Quote from: Tsukene on August 06, 2013, 12:21:51 PM

Any idea of price per GH/s?

I am trying to decide to wait for you, or order through KnC.

If you are ok with discarding your KNC product in a couple of months after purchase, then go for it.

yeah, i have to admit this is pretty rude and hostile....

Didn't mean to be rude or hostile. The Knc folks are our very good friends. My point was that the ROI on your investment with the current rigs will not be much more than a couple of months when new more powerful rigs come online.

At which point your rigs have far greater competing hashrate before they can ROI. People who buy KnC kit now or order at the time of Hashast and your preorders will likely recover most of their investment and be profiting way ahead of your customers for products they purchased at the exact same time.

Your product may win the efficiency over the long term, but it won't bank like a KnC device in September/October.

Your products will have to be priced at a price equal to KnC minus the money their customers can recoup in the time from receipt of order to your own delivery whenever that will be.

I'm not being imflammatory I want choice as much as the next person, but this is common sense in my mind...

-Redacted-

hero member

Activity: 574

Merit: 501

Exactly. They won't know exactly what they have until they actually power up the silicon and make it hash. Until then, it's a simulated guess...

Loredo

full member

Activity: 238

Merit: 100

Quote from: CYPER on August 06, 2013, 01:53:48 PM

I meant GH/s, but I still find it hard to believe for a 600GH/s device to consume like 300W

At some point, a very credible source for such things, a member named 2112, is, hopefully, likely to advance some expert opinion on the whole issue of next-gen power efficiency on this or the other CoinTerra thread. Even then, nothing will be certain until the juice starts to flip the flops of the real live chips.

cointerra

member

Activity: 113

Merit: 10

Quote from: ASIC-K on August 06, 2013, 01:39:21 PM

Quote from: cointerra on August 06, 2013, 12:34:19 PM

Quote from: Tsukene on August 06, 2013, 12:21:51 PM

Any idea of price per GH/s?

I am trying to decide to wait for you, or order through KnC.

If you are ok with discarding your KNC product in a couple of months after purchase, then go for it.

yeah, i have to admit this is pretty rude and hostile....

Didn't mean to be rude or hostile. The Knc folks are our very good friends. My point was that the ROI on your investment with the current rigs will not be much more than a couple of months when new more powerful rigs come online.

CYPER

hero member

Activity: 812

Merit: 502

Quote from: -Redacted- on August 06, 2013, 01:33:29 PM

Quote from: CYPER on August 06, 2013, 01:29:49 PM

Quote from: cointerra on August 06, 2013, 12:18:24 PM

a hash rate greater than 0.5TH at a power consumption of significantly less than 1 watt/GH.

That sounds like 600TH/s with 300W power consumption.
Very hard to believe.

You have your G and T mixed up.

I meant GH/s, but I still find it hard to believe for a 600GH/s device to consume like 300W

NiteShdw

member

Activity: 69

Merit: 10

The way things are looking, you'll buy mining hardware just to be able to mine enough coins to upgrade to the next generation of mining hardware. My three Avalon's have generated enough coins to purchase some KnC gear. I haven't cashed out any coins for anything other than more gear. Now I have to save up more coins for CoinTerra/Gen2 ASIC hardware.

Flying Hellfish

legendary

Activity: 1764

Merit: 1756

Verified Bernie Bro - Feel The Bern!

Quote from: ASIC-K on August 06, 2013, 01:39:21 PM

Quote from: cointerra on August 06, 2013, 12:34:19 PM

Quote from: Tsukene on August 06, 2013, 12:21:51 PM

Any idea of price per GH/s?

I am trying to decide to wait for you, or order through KnC.

If you are ok with discarding your KNC product in a couple of months after purchase, then go for it.

yeah, i have to admit this is pretty rude and hostile....

Next we will be getting called monumental assholes and customers will get fired!! Wink

Didn't Josh bash Avalon's machine for being "old tech" and becoming obsolete fast.

Get your own shit together, let us figure out how good or shit your competition is.

ASIC-K

sr. member

Activity: 280

Merit: 250

Hell?

Quote from: cointerra on August 06, 2013, 12:34:19 PM

Quote from: Tsukene on August 06, 2013, 12:21:51 PM

Any idea of price per GH/s?

I am trying to decide to wait for you, or order through KnC.

If you are ok with discarding your KNC product in a couple of months after purchase, then go for it.

yeah, i have to admit this is pretty rude and hostile....

greenbtc

full member

Activity: 210

Merit: 100

Quote from: cointerra on August 06, 2013, 12:48:25 PM

Quote from: RoadStress on August 06, 2013, 12:38:04 PM

Quote from: cointerra on August 06, 2013, 12:18:24 PM

CoinTerra is proud to announce the specs of our first ASIC chip – GoldStrike1 (aka GS1)

GS1 is a 28nm chip and will be one of the highest performance ASICs in the Bitcoin mining world with a hash rate greater than 0.5TH at a power consumption of significantly less than 1 watt/GH.

The GS1 chips are expected to arrive late Q4 2013.

Our website will be ready to take preorders later this month with a range of products involving one or multiple units of the GS1.

This is all the info that you can provide?

Some of the other 28nm folks are yet to reveal their full specs, we will wait too until we are ready to take preorders.

If you are speaking of KnCMiner, they have certainly offered up quite a bit more than you guys have, even before they launched their pre-orders. These are pretty cocky responses for a company who has yet to produce any working prototypes, regardless of the team you have put together.

Topic: CoinTerra announces its first ASIC - Hash-Rate greater than 500 GH/s - page 122. (Read 231002 times)