Topic: CoinTerra announces its first ASIC - Hash-Rate greater than 500 GH/s - page 58. (Read 231002 times)

The December and the early January batches are officially late based on Cointerra's own marketing materials and press releases. What you see in the contract is the maximum number of days of lateness before they have to compensate you. I hope that you see the difference.

With that said, I reserve judgment about Cointerra's ability to engineer the most cost effective and the most power efficient Bitcoin miner on the planet. For now, that crown goes to KnCMiner. I am not going to throw out my Jupiter miners in the trash just yet; or even my Butterfly Labs mini rigs.

When Cointerra releases their nominal power consumption and the nominal GH/s figures per TerraMiner IV, then we will see if they lived up to their own hype.

There are plenty of companies that sell real time equipment, but the price per GHash is quite different. 

If you guys looked at the contracts the December units aren't late until 1/31/2014 and the January units until 2/31/2014 so they still have a little while.  That said, they better deliver the December units within the upcoming week or they're not gonna be able to get all these units out on time even by their original contract.

As the community matures and spreads knowledge about the dangers of investing in pre-orders one can only hope that newer companies come into our community and offer things that exist in real time. This sort of thing is going to continue over and over again until a few companies put stock on the shelf to satisfy the would be miner.

like buying a horse to train for the derby and getting one with a bum knee a month after the race!!

what is there to complain about???

I'm gonna sue the shit out of these guys, false advertising is not excused by a contract.

the guy has been shilling in this thread the whole time.. and is most likely one of the angel investors that already has a cut of the pre-orders and whether he gets a miner or not is just gravy for him

he is right when he mentions that hashfast is their main competitor... lol acting just like them now

No, you absolutely have no claim against the company for profits you would have made mining with the machine. Don't be ridiculous. You are owed a machine. As it ships later and later, you get to make the decision if you want a refund or not. If they deny you a refund, then you have a claim for that. Let's keep it real simple here, you don't get to sue the shovel maker for the gold you didn't dig out of the ground when the shovel shows up late.

There should be zero tolerance. I can't believe how greedy people will let a company sit on their funds for months longer than promised in hopes that they will get a machine that they can still make profits from. It's the same stupid behavior people who are victims of ponzi schemes and con artists follow, they keep throwing money at a pit, or believing the lies instead of going to the police because a slick talker convinces them that great profits are coming if they just wait a little longer.

Only someone who works for CT would say all that.  You are obviously not waiting for a machine, and people should notice this.  Stop comparing yourself to what the other companies have done.  It won't work.

I suggest all of us adopt zero tolerance for this BS.  If we work as a group, we can stop this and get what we deserve

Also keep in mind that there is a lot more a stake since BTC took such a jump.  People will more likely take action, contrary to customers of VMC who are happy to get their refunds since their orders are garbage anyway

i think youre overstepping your expectations there.   your only recourse is to ask for a refund.. there's no way on earth theyre going to compensate you for anything you think you wouldve earned and didnt.

you cant hold ct liable for anything except the terms of service that you both agreed to when you placed the order. 

theyre not going to pay you any cash for bitcoins you didnt mine while you're waiting for your miner to arrive.  yet again, no bitcoin mining company would ever agree to that.

i dont ever recall any bitcoin company promising that... and it certainly wont be in the ToS that we all agreed to.

be realistic.  (1) theyre not yet late (and we'll soon find out if theyre going to be).  (2)... if they are late, theyve already agreed with us in the ToS what theyre going to do about it.  and (3)  this doesnt seem to be a company that hides in the corner avoiding contact with their customers...   they have had regular (weekly) updates on their site (the last one was last tuesday) so we're 5 days in since their last update and video...  and i think we're all pretty hopeful that since last week they showed us a working miner, that this week they will talk about when we're going to get them.   you can start jumping up and down if you dont like their next update (or two) but to do so now, would be a little crazy dontcha think?

So for every day that passes which is no longer EARLY JANUARY, I am losing about $500 at this difficulty level.
That is $1500 so far, which I will hold CT liable for.  I don't care what other ASIC manufacturers are doing, my standards are based on promises by CT

The more we stand up against this, and the more pressure we put on them, the less likely they are to make any further delay. 

Happy Hashin!

Yes my order says EARLY January.

my order just says january batch.  does your order specifically say early january on it?   also, i presume your order comes with a deadline of end of feb (like mine) after which they will offer compensation.

I like your positivity but technically "early" January would be late by early February.

really don't think they're hiding.  their jan orders aren't in any way 'late' til januarys over and we're barely halfway through the month... and contractually they have til end of feb before they're properly late.  I've appreciated the weekly updates.. almost like clockwork.  they're not acting like they're hiding, whereas their closest competition hasn't communicated with their customers in weeks (probably not in 2014 at all).   ct's last update was literally a few days ago and since they seem to be doing weekly updates on a tuesday, I'm hoping for the same deal this week too.

and didya notice the team photo on their web site?  i just noticed it.. but i guess its been up for awhile...  really doesn't look like a fly by night company...  not two men and their dog like some other asic companies seem to be...  a twenty person company.. plus a lot of contractors.  by bitcoin company standards, its actually quite sizeable.

http://cointerra.com/team/

http://cointerra.com/wp-content/uploads/2013/08/GroupPhoto.jpg

hopefully this week's update will have news of when we're going to get our hands on our miners

don't worry, they know to mine as much as possible with these things before shipping them out!!  Remember, they are in it for the long haul!

They're hiding.  Just imagine how many e-mails they're getting right now.. Jan 18th and not a single machine shipped

has anyone been in contact with cointerra?  I have emailed them a couple of times with no response