Topic: CoinTerra announces its first ASIC - Hash-Rate greater than 500 GH/s - page 28. (Read 231002 times)

i have got several april orders and am considering refunding

Why are all the US bitcoin mining hardware manufacturers so bad?

It's actually kind of embarrassing that Butterfly Labs, Hashfast, and Cointerra are all so bad.

Cointerra seems like the of the bunch, and it looks like they have a decent product, but the pre-order non-sense has to stop.

All hardware manufacturers are doing with pre-order BS is transfer all the risk to the buyer, and there really is no need for it after the initial hardware design is complete.

According to them they've already begun shipping, you can ask for a refund anytime.  As a matter of fact they would probably be happy to give you a refund if you are a January, December batch.

Until they start shipping?

Ok everyone, here is my update,
Dennis and I went to the office to meet with the Cointerra folks. The meeting went very well, they were open and answered all of our questions.
My ammunition was taken away the day of the meeting as I receive a shipping notice that morning, my order was at the back end of the January batch.
The machine is hashing away at between 1.55 th/s at 1.95 th/s ... the difficulty on BTC has risen to 3 Bill, so I'm looking at ROI in about 45 days.

So the details

95% of December has shipped, the ones that haven't have delivery complications, January batch is on it's way out cointerra are projecting Jan and Feb to be complete by the end of Feb, and that they will be on schedule for Mar, Apr, and May.
The security breach is the cause updates slowed down, I gave the advice that they need to be more diligent in this area, we will have to wait and see if we get better information. Looking at the team, it does not look like any of them have had a weekend off since Xmas.
The production company was changed as they just could not deal with the volume and efficiencies Cointerra needed. The new company is ramping up as we speak, and production quotas are improving by the day as bottlenecks are identified and solved.
We were asked not to give too much info on the power and upgrades for march through may batches, what I can tell you is that they have identified the issues with the power and they have a solution, the project plan for delivery of the increased performance and power efficiency is in place and they are testing the tweaks as we speak. Once testing is complete, and approved they will go into the upcoming batches.

The TM IV sounds like a jet engine when started up, but performs extremely well 1.7 th/s will do .25 BTC per 24 hrs at a difficulty of 3bill.

One last thing to add, if you have had an email or phone call offering TM's in earlier batches where you have to pay in BTC by a date, take the details of the offer and send it to the Cointerra support site, it is a phishing scam. It is cointerra's policy to move people forward in the queue if a cancellation is made.

If you guys have any questions, post them I will answer them if I can.

Thanks
Tony
tonymoore221, Yesterday at 3:54 PM

Since when does Indian/Pakistani qualify as a race? That's news to me!

Wait, what! I missed that when I was there.

Refund in USD. 

whats cointerra's refund policy?

This is something new. Pre-order for stuff that is in stock!(ofc the chip is the most important stock)

Rather than continue the tar-and-feathering, let me ask a question: does the 400GH/s miner *need* a PCIe slot connection, or is that optional like BFL's Monarch design? Needing to connect these to motherboard PCIe slots (or risers) seems ridiculous.

This thing is obviously meant to compete with BFL's Monarch which also *might* ship in June if ordered today. At this point Cointerra and BFL seem both equally risky in terms of delivery. I suppose one point in Cointerra's favor is that they already know their chip works and its power draw; that's something BFL has yet to demonstrate publicly.

I think the main point here, is WTF is up with more of this pre-order BS.  Surely they've now got the capital to design/build a PCB.  That's all thats missing here.  Build the goddamn thing, and when it works, start selling it.

It's not even funny anymore.....$1600 for 400ghs that they claim will ship in June, which means August.  By then the difficulty could make these generate under $10 a day. Anyone who orders this needs their head examined.
These Companies need to decide whether they are in the hardware business or the mining business.  If you are in the mining business take down your bullshit website and go mine to your hearts content and get rich.  If not, start manufacturing and selling hardware that is reasonable and in a timely fashion.  I have zero interest in ordering something from someone who may or may not have it ready five fucking months from now with a track record as disgusting as a $2 whore.


And another thing.....what's with the eighteen steps BACKWARD in progress?  Today....2Ths miner....five months from now.....400Ghs? WTF?