Topic: CoinTerra announces its first ASIC - Hash-Rate greater than 500 GH/s - page 67. (Read 231016 times)

Like I said, take it as you want. However, it takes a lot of effort to cash out a large amount from paypal, even on a stolen account. All kinds of checks happen along the way. The auction end times are spread out between a few days.

C'mon look at what else is listed and when it was listed. It's a scam, someone has spoofed the account of another member with a lot of trust that sells books on autopilot. The only recent sales have been for real estate ebooks, now they sell every miner known to man all finishing in 2 days and three hours...

Figured I'd mention it here, even if it could be completely false. They have a lot of feedback, and are selling a bunch of asic machines. It really wouldn't be worth losing your ebay account for a few quick bucks.

Haha RickJamesBTC.  You beat me to it.  I was about to repost your HF thread post.

Is CoinTerra shipping early next week? Here is a response from an ebay seller with solid feedback who claims to be related to an employee.

"They are in Texas where my brother works. He works for Cointerra. I'm flying there this weekend to pick them up in time for the auctions to close and then shipping them to winning bidders.

- butterfliesandthings"

Take it however you want. Just passing on the possible news.

I'd be interested in getting one pm me details please

so i know this is cointerra's thread but difficulty is relevant.... does anyone know if hashfast is done bullshitting now, and if they are finally shipping their product? I'm starting to see a lot of drama over there most people have good reason to be angry, i feel like cointerra really has their shit together compared to them although they are still going to be late on our miners they didn't promise October shipment, sad because i thought they actually looked quite respectable.  Also does anyone have any predictions for when the early January orders will be shipped to customers?

IIRC, that applies only if they were more than 30 days late.
I'm glad I switched to a early JAN batch though.  I doubled my order (two Terraminer IVs) and got a $2000 refund...seems a much better deal than to have stayed with my DEC order and get an extra box in March.

It seems to me they are playing by the same rules as KnC, under-promise/over-deliver type philosophy, and offering compensation even when none was promised.  It blows my mind that when a company does something like this there are still so many whiners out there.  Like when KnC revealed that their Jupiter machine (I own a 1st batch) was shipped at 550GH/s instead of the promised 400 and many users started complaining that they were only getting 520 or whatever.  Mine has been hashing at only 480 for the past month or so, but I haven't complained once...it is a huge bonus over the 400GH/s rating that was promised to me when I placed the order.

I'm not sure what their overall plan is.. but technically they're not 'late'.  not even for the december batch which had a delivery guarantee by jan 31st.  but i think the offer they made their december customers was better than their 'lateness' compensation anyway

-- jez

just checking you realise there are already some other people mining bitcoins out there?   the network is 11 Petahash today and is still growing quite rapidly.   Whether cointerraships the batch 1 customers one or two machines, is hardly going to make a difference to anyone else's order when there's 11 out there right now, and in a few weeks it could be 15 or even 20 PH !

same hash power. but watered down.

If every delayed dec order gets a march order too.

The then people that paid for a march order will have a machine that will be competing for an even smaller slice of the pie.  The hash power from dec orders is essentially doubled. resell value is reduced.

Right now, you can buy 8 BTC for $6000. If someone wants to take my bet but doesn't have the BTC now, I can help them purchase the BTC at market prices.

Is there anything else out there scheduled for availability in April, that is priced cheaper for 2TH ? It should seem reasonable April 2TH units should be priced closer to $5k, no ?

While I'm bullish on cointerra hardware, the pricing for April sounds completely out of wack to me.

"Thinking about buying an April Cointerra unit for ~8 BTC? Take my bet instead."
https://bitcointalksearch.org/topic/thinking-about-buying-an-april-cointerra-unit-for-8-btc-take-my-bet-instead-395243

thanks for the straight answers.. it paints the landscape well

Glad I got in with day1 jupiters because mining is only going to make sense now if you get a big discount on bulk orders and already run a datacenter

The HF customers got completely fleeced and Cointerra is already slipping (they still have to prove all the good whiteboard stuff works)

Aerobatic has been helping to get  Cointerra to help even things out for the December batch customers.  Yes, getting a unit in March will mean mining less Bitcoin but you have to also remember that the December batch customers should be mining about 2 weeks earlier than the January batch so if the difficulty is significantly lower in mid-January vs late January it will even things out somewhat.  The problem with holding back later batches is that other manufacturers are dumping hash on the network as well so if they don't ship the January batches ASAP they'd screw all those batches.  I've run the numbers and don't get me wrong, I agree that the early January batch orders for two machines will likely do better by about $5-7K than someone who still holds a December order unless the difficulty really goes nuts from mid-January to late-January so it's not optimal but at this stage the March unit is still a good compromise.  And if the difficulty jumps more than I expected from mid to late January the December batch might very well do identically well as two January miners.  Since it's next to impossible to predict, and since us December orders could have called to switch I think it's a fair resolution.

Anyways, I've never invested this much money in equipment with anybody before but so far Cointerra has been all right in my book.  Which is why I placed another order for April units even though the ROI there is a lot less clear.  It's still the best value if they can deliver the April units on time since the competitors pricewise for April haven't even taped out (i.e. BlackArrow, KnC) and some cost more (even with KnC's recent price drop I'm not sure the Neptune makes sense unless they can definitely deliver 4Thash per unit-they might, but it's not definite and the timeline is beyond vague). 

ENGINEERING UPDATE: GOLDSTRIKE™ I Packaged chips and system board assembly

http://cointerra.com/engineering-update-goldstrike-packaged-chips-system-board-assembly/

I've never said that. I would just point out the enormous difference between HashFast and Cointerra. If i could go back, i would certainly send my money to Cointerra.

What's left is reserved for my lawyer.

the reason I have was their wording in that last email about accepting late product (with a bonus miner further down the road) or go for refund.

There is no reason to believe that they will ship first in/first out like KNC did.
Everyone can guess there is an Iceland mining farm that will be getting the first miners no doubt. 

You have been pretty much on board on not caring about first in line customers getting ample time before next batch customers get theirs (same as in HF thread).

If a first batch customer gets push back a month or so, they should hold back the other orders.  Just throwing extra miners months later as some kind of bonus expects customers to be bad at math which many around here are.  You are going to make about 1/3 of your btc in the first month of your miner, and that total shrinks each week of delay.



@cedivad -  you don't need me for a bet on CT, just send whatever money you have left to them if you think they are golden.

DPos... i beg to differ.  Cointerra has been pretty open.  they've let people do trip reports...  and drop in practically anytime.   theyve let people take photos of their offices and their work in progress.   they showed boxes, and cooling systems, and board prototypes in various stages of development...   and only a few days ago they showed they had wafers back from the fab.   Theyve pretty much shown everything except a working chip, at this point... and give them a week longer and i think they will show us that as well...!

And what makes you suggest that early customers could conveivably get pushed to the back of the line!?   Why would you even suggest they would try such a thing.  On what basis would that be?

-- Jez