Topic: CoinTerra announces its first ASIC - Hash-Rate greater than 500 GH/s - page 3. (Read 231002 times)

Someone seems to think that Icebreaker was supposed to be the person helping you get your Hashfast gear running.   That is kind of ironic isn't it?

Aah, thank you!  The hidden maintenance fee's!  Feel's like I'm shopping for vacation time shares.  So after further hunting around cex.io, I FINALLY found the maintenance fee.

https://cex.io/maintenance

Holy Moley!  $0.18 per GH per Month!  That's $2.16M per year for a PH, in maintenance fee's alone.  And assuming the maintenance fee doesn't change, as it looks like it floats.  Though I have no idea if it would go up or down over time.  You'd certainly hope down.  Regardless, the difficulty would have to drop for that to pay for itself.  Talk about a tax on people who are bad at math.  

I think Barnum's law has truly met Moore's law.

well that's a provider pricing it by the box. There are ways to reduce that cost 

The comparison isn't valid as stated.

Cex.io charges a monthly hosting fee on top of the purchase of the mining contract whereas cointerras charge includes a year of hosting I believe.

The only thing you might be missing is the fact, that in cloud mining there is only ROI for the service provider.

So, for curiosity's sake, I was checking out cointerra.com and their cloud hosting prices.  I don't see why you would use them instead of cex.io.  It's $40K for 10TH for 12 months from Cointerra, or you can buy any number of GH at $2.75/GH from cex.io.  That would be  $27,500 for 10TH that you own forever, right?  

I only know what I can easily read on the two websites, I've never done any cloud mining, so someone please correct me if I'm missing something here.  Is that not how cex.io GH trading works?

Even the top level 1PH 12 month contract from CoinTerra is $3M, which is still $3/GH for only 12 months.  

However, neither really look like a great deal, as (by my calculations here: http://www.vnbitcoin.org/bitcoincalculator.php ) to break even in 12 months, the difficulty increment must average below 6.2% for cex.io, and 5.3% for the 1PH CoinTerra contract.

That seems a pretty big gamble to me.  Am I missing anything?

Works out to roughly $0.24 per kWh, which is fairly expensive even with all management / hosting fees included.

$420 a month seems to be quite a lot though.

netsolus has it for $420 I think...pretty easy to call any colo place though these days

how much to host the 2400watt CT machine?

And what is the expected vs actual hashrate for your CT gear, if you don't mind my asking?

My handful of Sierras all work at slightly over to well over spec speedwise (I don't monitor power use and they're overclocked to just under the edge of stability). 

Including RMA candidates in your larger sample skews the data.  Sorry you can't RMA them, that sucks!

If you want me to possibly fix and optimize/host your dead/slow units, I have free power and plenty of space.

Almost zero is still more than icedrill which has had no trades for months.

If CT investors lost their shirts after producing 15PH then HF/Icedrill investors must have lost their shirts, pants, socks, hats, shoes, wallets, keys, etc.


Picostocks runs a passthrough for a small amount of privately bought CT shares. CT did not have an IPO on picostocks.


Fact: nearly anyone who purchased CT hardware has ROI'd by now while everyone who purchased icedrill shares or hashfast hardware is still sitting with their dick in hand.

It's funny that you still bash CT for being a 10% failure when hashfast/icedrill was a 100% failure. Just get over it.

iCEBREAKER.  I own 100 TH of hashfast hardware and its running at approx 65TH for most of the time, a significant reduction of its promised performance.    And the ones they made in the lab to demo don't count as they were hand built by experts and choice parts were used.   I have real ones, and they don't perform that well.  and since the company doesn't exist i can't rma the slow ones and have them fixed.  Mine are professionally hosted by LiquidBits and Netsolus.

I'm glad CT is getting out of retail, which is certainly a huge PITA compared to scaled deployment.

But I'm concerned about the lack of activity in CT's stock: https://picostocks.com/stocks/view/31

It has almost zero volume and most investors lost their shirts.

Are there some legal issues with Cointerra, a company in Texas, using a no-frills Polish website to conduct an IPO?

PS Point-of-fact for aero:
CT hardware peformed at >20% spec deficit considering the combined 20% performance miss and 20% power spec fail.  Our HF Sierras have been running at >100% spec, as you well know.   

Figures someone who supported the biggest failed asic manufacturer to date would turn to shitcoins.

Fun fact, the "darkcoin boat" has been steadily sinking since june.

Fun fact #2, the amount of shitcoins has quadrupled in the past few months, while the USD value of all shitcoins combined has gone down 75%.


Cointerra sold 10PH and are self-mining with ~5PH so I'd say they are doing fine.

It's sad that the biggest hope for icedrill investonomers to salvage pennies on the dollar is by receiving outdated chips from an epicly failed bankrupt company.

Labcoin was even a better investment than icedrill/hashfast. At least when they ran a scam, they didn't drag everyone along for months on end with false hope/bullshit.

Icebreaker please just make a new account and pretend like you aren't a huge failure.

i think cointerra is doing fine.   compared to hashfast, which alas had an epic fail and hardly shipped any of their orders, cointerra is a very different company (and is alive and kicking).  i wouldn't have expected this outcome, as hashfast took more money 'per gigahash' than cointerra... as they took pre-orders earlier.  but cointerra did actually 'deliver'.  sure, with a 20% perf deficiency, but shipping something more or less on time, thats 80% of what it should've been is way better than not shipping at all.

the retail mining business is slow so their hand has been forced somewhat into the cloud mining business - which i think is a good thing in the long-term as thats where the market has to move.

actually, I've been saying this for the longest time that the entire mining market will eventually be cloud mining... just like the entire server market is now cloud computing.

it makes no sense for people to own miners at home.  these things are no longer hobbyist toys.  there's no user serviceable parts, and they need constant tlc to keep them running.  They are professional servers and they need to be run in a professional way.

Also, from a biz point of view, the customer gets much better value buying a hash contract instead of buying a miner.   they get instant on and no downtime, and don't have to worry about power supply or cooling... or maintenance, or watching over it to make sure its still humming etc.   all that is taken care of by the professional mining company, and all the customer sees is constant hash power.

from a supplier point of view.. selling retail miners is a shitty business.   putting hashing chips and boards into a chassis... adding power supplies. and cooling systems.. shipping in cartons... all the logistics... and then the equipment has to run in the customers premises where electricity may not be cheap and cooling may not be effective, and the customer may not know how to look after it.   yes, its clear that the entire bitcoin mining will eventually be in the cloud and operated by professionals who build and maintain their own equipment for the benefit of their customers/investors.

Aww shucks old bean, I'm touched in a manner most poignant by your notice of my extended absence.   

I've been on an altcoin sabbatical.  Missing the Darkcoin boat made me realize my focus had been too concentrated on Bitcoin, to the neglect of other disruptive innovations in cryptospace.  So I went back to school, learning about cloud mining Monero and Cryptonite, and giving the other ostensibly anon coins (DRK/CLOAK/XC/BC/VERT) a thorough looking over.

How is Cointerra doing financially?  We are both investors; you through private placement and myself through IceDrill.

Is it likely a Cointerra creditor will file for Chapter 7?  Maybe IceDrill will wind up owning both firms' IP and inventory!

Wow.. the return of iCEBREAKER!  We are truly honoured.

Where've you been for months?  Did the asylum let you out?  (or was it prison)

You have no right to bash cointerra as a hashfast/icedrill shill.

I heard 21's chip melted down when ran anywhere near spec, like LabCoin.

Maybe it was designed by Cointerra?