Topic: CoinTerra announces its first ASIC - Hash-Rate greater than 500 GH/s - page 57. (Read 231002 times)

lol! learn to read, nobody said "expect them to fail".

expect them to be some weeks late, thats all.

and thats even better asicthread-gold. everybody who dares to speak up against lunatic conspiracytheories is promptly maked as "shill".

so much lolz!

No denial that davidepsilon is a cointerra shill.

So you guys are saying "What did you expect?  Its an asic company!  We should have expected them to fail!" 
yeah nice logic there... good job at defending cointerra, idiots

What he said still counts, and you did a horrible job at contradicting his point.  He pointed out that CoinTerra claimed they would be different, and they even convinced us of this without a doubt.  No matter what you say about "justifiable delays", he is completely right.  

no, its laughable to order from asic-vendors and expecting them to deliver right at their promised delivery date. THATS LAUGHABLE and NAIVE.

You ordered a device that was still being developed.  Expecting it to be done and shipped without any schedule slack is laughable.  Have you ever ordered something that had to go through customs?  It is a similar deal, you don't know how long it takes - did you get mad when it took more than 3 days to get to you?

How long does developing an ASIC take?  Exactly X days.  No it depends what issues are discovered along the way.  The marketing department gave you the earliest target and the contract gave them a whole extra month of slack (until you can request a USD refund).  So they haven't triggered the late clause of the contract yet (and could always blame a third party to extend it).  I expected some chance of being on time, but a larger chance of being delayed a few weeks, and a small chance of being delayed a few months.  

Very true.  And also very suspicious that they took the video down.

Cool i didn't ask you, you're probably just a shill anyways.  I understand all the contract semantics behind this okay pal, thanks for giving us your brilliant insight. 

Ordering ANY product and expecting them late is LAUGHABLE, they were marketing on the fact that other ASIC manufactures had problems with late shipments and said they would be different. 

Did you guys notice they took down this video from their youtube channel and they took it down from their website too.  I wonder why
https://www.youtube.com/watch?v=RGArkvNXl1g
 Probably because it was a bullshit video that was meant to scam people into buying their hardware from them for a higher price.

how comes that the asic-vendor threads are ALWAYS full of jerks?

and sometimes even the same jerks as some of those trolls here where already seen at the KNC-thread back in september, right before they started shipping.


yes they are TECHNICALLY spoken late. but WHAT THE FUCK!? i dont need no icebreaker to calculate several weeks of delay onto EVERY timeline of asic-vendors!

how rediculous to order ASICs and start whinig when they are several days late. where the fuck have you been!? thats the business!

Surprise, as a customer myself I don't share your anger.  I am always suspicious of marketing people and what they say - they are trying to sell something.  Which is why I read the contract and understood it before spending large sums of money.  Do you get surprised when your cell phone company charges you an early termination fee?  It is in the contract, but not often mentioned by the salespeople.  

An electronics development doesn't take exactly X days and you might say well add more people if you start to drift late - but it is commonly understood that doing so ends up making the project even later as the new people have to be brought up to speed by people who would otherwise be doing the actual work.  The marketing department at cointerra could have built these expectations better for what appears to be a bunch of non-technical early adapters, but they probably weighed that against the other players in the market and decided to go with the more "traditional" (for btc mining co) way with a target date conveyed as the expected ship date.

They are technically "LATE" if they told us "EARLY JANUARY" and it is now Jan 19th with no shipped units.  There is no debating that.

I hate to say this, but Icebreaker was right.  He predicted we wouldn't see machines until Feb.

Well since you have so much extra 'access' why don't you tell us wtf is going on over there, and if you're such  big buyer i don't know why you're acting so cool and collected about this and defending them, you should be more angry than anyone on this forum.

well I'm no wiz at math so jump in here and do better by all means..but I have a 555gh Jupiter oct order it now hashes (slush) since the last diff change about .13btc a day.....since I got the miner in oct there have been if I remember right 10 diff changes....the ave if I remember right was 26% or some such as an ave...so if you figure 30% change with everyone dumping equip the next 10 diff changes it looks extremely dodgy......

so figure the Neptune by knc at 3th as far as I know is the last of this run of spring stuf to supposedly come out ..figure middle of april as a guess

then of course a lull for the next go around of folks making machines and selling them where you put electricity in one end and money comes out the other end

my concern is at least for  a few days in oct before my 1st diff change I was getting 1 BTC a day for a 7131usd unit at 555gh

fall comes and you would probably pay like 25K with lots and lots of power to get if you are very lucky IMHO with this dump of equip from now till then .25btc a day...as difficulty this year has the doors blown off

so bitcoin is gonna have to do something way better then 810usd on bitstamp imho or miners (the cheerleaders of bitcoin) will be noticeably silent and or absent

now if ebay and others say they are taking bitcoin makes little diff if you are making say .25btc a day if it is 3K a coin or some such...but something or I guess I should say MANY things will have to move our way to get over this april speed bump imho

feel free to correct me I'm just kibitzing here on my "fears' don't ya know

Searing

its not just how many cointerra are making.  i think they're running slower in their production than some of the others, who have made more aggressive orders...

but the combination of knc, hashfast, bfl, cointerra, bitfury, bitmine, black arrow, amt, avalon, asicminer, 21e6, etc etc... all of them are going to be pushing up the difficulty a lot.

i suspect that april,, being less than 3 months away.. we could still well be in the period where we're nearly doubling each month but starting to slow..  so lets say we were 10 ph on jan 1st.. so 20 is likely on feb 1st, 35-40 on march 1st.. so i think its possible to be around 70-80 ph on april 1st.   What do you think?

er.....any idea of how many cointerra units are gonna flow out in each batch?

(assuming they ship at the end of the month)

I'm currently bored and playing the "I wonder what difficulty will be in April 2014 game".....I know it is sad 

Searing

VE -

dont be ridiculous.  im a wholesale customer of several of the bitcoin mining companies and so speak to the founders regularly.  as you'd expect, bigger customers have a tiny bit more 'access'.  I have a pretty big order with both hashfast and cointerra (tens of systems).  Actually, in dollar terms, my order with hashfast is bigger than my order with cointerra simply because it was supposed to be delivered earlier and thus cost more per gh.  both hashfast and cointerra would probably confirm i may well be in the top ten of their customers but nowhere the biggest with either of them.   i am also a happy customer of kncminer and have several jupiters hashing away at their hosting center and i never fail to say how awesome they are or what a good job they did... and ive also bought miners from bfl, bitfury and invested in asicminer.  in short, i try to be balanced and try to order from several bitcoin mining companies at the same time to spread my risk but also keep me abreast of what everyone's up to.

my background is in computer games, microprocessors and online poker, and more recently bitcoin mining.   i am reasonably technical, having been both a software guy all my life and also a strong tech background (my team invented the Super FX chip for nintendo... which was one of the first 3d graphics chips - maybe even the first GPU ever).  It was inside the game StarFox.  We also made the game Croc, which was one of the first '3d platform games'.

i just want to try and help you be realistic.  your order with cointerra may be similar to mine.  and in my case, what happens if theyre late is spelled out quite clearly, but for you to assume they are already late, when theyre not technically late seems like jumping the gun.  if youre not happy, ask for a refund.  im not in that position.  im reasonably confident i will get my miners and i think they were very well priced (a good deal, compared to the others ive bought).

-- Jez

Of course I see the difference but since I'm also familiar with how badly ASIC manufacturers bungle their dates, and sat around waiting over a year for BFL to deliver I expected the worst.