Topic: CoinTerra announces its first ASIC - Hash-Rate greater than 500 GH/s - page 39. (Read 231002 times)

If I'm reading the miner correcly does it say 1.56TH?  Isn't that below their revised specs?  It'll be tough for anything beyond March delivery to be profitable if that doesn't improve

Yes IT guy, I should say engineer instead of "guy" but yes you can be a developer or a system administrator or an IT architect or help desk technician.... this is all under the Information Technology specialty and department, and what the fact of developing software for 25 years can change in your case here ?  I've been in IT operations for more than 10 years as well, does this change anything ? no.... people are not getting their miners and you've got with a hand shake and the funny thing is that I remember you from bloomberg, a real funny coincidence.... 

It was shipped.  Just arrived last night.  I may install this at the BTC center in New York City.  Mixed feelings about doing that with my first box.

"did they give it to you so you can try to help them improve the performance?"

No.  I am just a customer.  I placed the actual order back on August 30th 2013 (In their first 1-5 orders).  The performance issue is not a chip design, it is the mother board.  That is being adjusted now.  I am writing predictive analyse algo mining software for my own usage.  I hate the way the multipools create a herd of cows effect and pop the difficulty through the roof and all the little script kiddies then auto-sell on Cryptsy.  My software will not do that.


IT Guy?  Haha.  If you want to call a developer writing code 25 years now.  Ok.  Most dont consider me IT.

Those yellow walls sure are popular, either that or dprophet has painted his house to match the cointerra offices.

so far only people who got their unit is famous and had a handshake with Ravi in person :O

I recognize this guy, he works at Bloomberg hahahahahahah, a coincidence ? he was on the 12 day Bitcoin coverage demonstrating mining on a BFL SC60..


Edit: I found the video, and yes it is that guy, the IT associate at bloomberg
 
http://www.bloomberg.com/video/12-days-of-bitcoin-how-do-you-mine-for-bitcoin-8oMB0j~XSDCw7qtz4i~PiA.html 

Forum and customer base starts to ask questions...  "Give someone else a unit and let them meet the CEO!"  ... "February 4th, 2014 ... Production of first batch complete shipping starting soon!"

Lets play cointerra mad libs style. Still selling systems rated at 2TH could be construed as _________.

could be Ravi came on a moped by with the terraminer strapped to his back
shipping - in cointerra language is same as dominos pizza conditions - you must be within 3 mile delivery radius (no ships or planes involved)
and also agree to take photo shaking hands in office and submit short positive review to qualify

acually for ct credit, 1 good thing I can say is the revised compensation for december customers. it's positive step in right direction

did they give it to you so you can try to help them improve the performance?

Well, it can work in reverse too. If you order from a company that does not ship on time (or for a long time like BFL), you get less income from mining and would not be able to compete with more successful miners who happened to order from more reliable companies. Basically, darwinian evolution of miners based on random factors. I think that CT is OK, mind you, in comparison with some other actors.

Guys,

I can confirm Cointerra is shipping.  I just received my TerraMiner today.  After a bumpy start with the web interface (mostly my fault) I got it all up, online, and mining.

I just setup a fresh new wallet and mining via the eligius pool so people can watch the actual TerraMiner progress.  Who I am is public knowledge so I have no issues with people seeing the activity of my new wallets.

http://eligius.st/~wizkid057/newstats/userstats.php/12swrBqyvmN6w6tjmww2RavPsvA3AB1Lme

Disclaimer:  I am a long long time developer so I will be taking the machine down and up while I develop some algo-mining strategies/software.  Also I am sure I will want to break it a few times.  In short, if you see a drop in mining it is likely me not the Cointerra system.

Here are some photo's of myself and Ravi (CEO of Cointerra), Cointerra sitting on my window, and the cgminer screen.

http://imageshack.com/a/img819/5996/tfdf.jpg
http://imageshack.com/a/img404/7316/h3zf.jpg
http://imageshack.com/a/img841/5533/brfn.jpg

Mr Anderson

I'm a largish CT customer, and I was a largish BFL customer before them. I don't buy again from companies that screw me, and if none of us do, they'll disappear.

So January and February batch customers will not be compensated for late delivery or underperforming units but will recieve a coupon instead for their next purchase? I thought it was 20% more hash rate at one time? What if they have no plans to make another purchase? I could see this from BFL but from Cointerra? Also, since they are able to hit 1.7TH the Terraminer II should be 1TH as advertised. Right?

It seems pretty clear CT is supplying their contract for the cloudhashing gear first. Otherwise if there wasn't an ironclad contract provision, I doubt cloudhashing would be so boldly guaranteeing that hashing would begin by Feb 15th. There has been a large jump in the overall bitcoin network speed in the past several days, most likely this was these cloudhashing/CT boxes coming up for test mining.

Nice they let that company jump right to the front of the line, huh?

It must be coincidental that CT website is hacked and they don't start to ship?
Anyone believe this BS.

im assuming no one else can log into their cointerra account right now due to this whole hacking fiasco.

The article incorrectly says the datacenter is in Dallas.  My understanding is that it is in Austin

AUSTIN, Texas, Jan. 1, 2014 (GLOBE NEWSWIRE) -- via PRWEB - In the Bitcoin mining industry, where projections but not promises are the norm, CloudHashing.com's announcement could shake up an already extremely competitive industry at a time when Bitcoin is becoming more mainstream.

The company announced that customers can now pre-order cutting-edge Bitcoin mining contracts at a cost of just $9.49 per Gigahash/sec guaranteed to begin Feb. 15 or full refunds will be given. This cost-per-Gigahash is significantly less than anything announced, and CloudHashing.com's established track record of delivering cloud mining services since July makes the announcement a potential game changer.

Additionally, CloudHashing.com announced a reduction in its mining pool fee from ten percent to three percent along with the elimination of management fees. These fees are used to pay for electricity and maintenance in the datacenters.

"Our mission at CloudHashing.com is to bring Bitcoin mining to everyone in an easy and affordable way," said Emmanuel Abiodun, founder and chief executive officer. "By building our newest datacenter at such a massive scale using the latest technology, we are able to make these kinds of guarantees where others can't."

The Dallas, Texas datacenter Abiodun has built is based upon the latest CoinTerra 28nm ASIC architecture at an unprecedented scale. Through the unique relationship CloudHashing.com has built with CoinTerra and others, they are able to scale with demand in a nimble way to bring hashing power to market very quickly.

CloudHashing.com's announcement comes on the heels of their company recently being featured in the New York Times article "Into the Bitcoin Mines".

Cloudhashing.com is a Bitcoin mining technology company where customers can purchase mining contracts and earn bitcoins via their website. It is a pioneer in the Bitcoin industry and was the first to introduce cloud-based Bitcoin mining. The London-based company has thousands of customers worldwide.

Bitcoin is an increasingly popular online currency and technology that is changing the way many are purchasing things online in the same way the World Wide Web revolutionized how people connect to one another.

This article was originally distributed on PRWeb. For the original version including any supplementary images or video, visit http://www.prweb.com/releases/CloudHashing/Bitcoin/prweb11456205.htm

CH has a data center with KnC jupiters in Iceland, but for the Terraminer they build a DC next to Cointerra.
Look at the riddiculous pricing he is asking noobs, then you understand this once a time small black criminal has become a big boy in BTC land.