Cointerra is dead - page 4. | Bitcointalksearch.org

dropt

legendary

Activity: 1512

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Quote from: padrino on January 08, 2015, 11:07:36 PM

Quote from: dogie on January 07, 2015, 06:06:23 PM

Quote from: Swimmer63 on January 07, 2015, 03:39:35 PM

If there was any real work behind the 16nm chip they can sell the design to someone. That's a big if though.
They would have had to at least pretend like they were moving ahead with the latest designs to appear relevant at all.

Its an unproven design at this stage though, so most companies would rather use their own work / info / preference in design when they're risking $1-5M. Even if it looks better.

Do you have a lot of insight into the design or where they were with it, or is it just speculation on your part?

I doubt he has any insight; pulling shit out of his ass as usual.

Powell

sr. member

Activity: 486

Merit: 262

rm -rf stupidity

Quote from: padrino on January 08, 2015, 11:07:36 PM

Quote from: dogie on January 07, 2015, 06:06:23 PM

Quote from: Swimmer63 on January 07, 2015, 03:39:35 PM

If there was any real work behind the 16nm chip they can sell the design to someone. That's a big if though.
They would have had to at least pretend like they were moving ahead with the latest designs to appear relevant at all.

Its an unproven design at this stage though, so most companies would rather use their own work / info / preference in design when they're risking $1-5M. Even if it looks better.

Do you have a lot of insight into the design or where they were with it, or is it just speculation on your part?

Take a wild guess LOL!

padrino

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Activity: 1428

Merit: 1000

https://www.bitworks.io

Quote from: dogie on January 07, 2015, 06:06:23 PM

Quote from: Swimmer63 on January 07, 2015, 03:39:35 PM

If there was any real work behind the 16nm chip they can sell the design to someone. That's a big if though.
They would have had to at least pretend like they were moving ahead with the latest designs to appear relevant at all.

Its an unproven design at this stage though, so most companies would rather use their own work / info / preference in design when they're risking $1-5M. Even if it looks better.

Do you have a lot of insight into the design or where they were with it, or is it just speculation on your part?

Swimmer63

legendary

Activity: 1593

Merit: 1004

Quote from: dogie on January 07, 2015, 06:06:23 PM

Quote from: Swimmer63 on January 07, 2015, 03:39:35 PM

If there was any real work behind the 16nm chip they can sell the design to someone. That's a big if though.
They would have had to at least pretend like they were moving ahead with the latest designs to appear relevant at all.

Its an unproven design at this stage though, so most companies would rather use their own work / info / preference in design when they're risking $1-5M. Even if it looks better.

Everything has value to someone.

MichaelNZ

full member

Activity: 206

Merit: 100

Coindesk reporter Joon Ian Wong has written an article ... read it here ... http://www.coindesk.com/cointerra-silent-bitcoin-mining-payout-freeze/

aerobatic

hero member

Activity: 702

Merit: 500

Quote from: dogie on January 07, 2015, 06:04:40 PM

I believe customers and debtors get lumped together (at least in the UK anyway), and employees have a pretty good chance of getting paid due to government schemes (at least in the UK).

hi Dogie, Cointerra is a US company. I'm an investor, based in the uk. uk rules wouldn't apply.

-- Jez

dogie

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Activity: 1666

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dogiecoin.com

Quote from: Swimmer63 on January 07, 2015, 03:39:35 PM

If there was any real work behind the 16nm chip they can sell the design to someone. That's a big if though.
They would have had to at least pretend like they were moving ahead with the latest designs to appear relevant at all.

Its an unproven design at this stage though, so most companies would rather use their own work / info / preference in design when they're risking $1-5M. Even if it looks better.

dogie

legendary

Activity: 1666

Merit: 1185

dogiecoin.com

Quote from: aerobatic on January 07, 2015, 12:04:53 PM

Quote from: Powell on January 06, 2015, 08:23:50 PM

Aerobatic where are you? I thought you were hired to do PR / CS on the forums for CT and you had LOTS of money involved with them among other ASIC companies.

Where has the best company gone?

im still here. i wasnt and have never been hired by cointerra. i was an angel investor (and advisor). i live in the UK.

i lose if they die - i invested cash along with the other angel investors. it was a big deal for me. clearly, i hope they survive.

ive not heard anything first hand. what ive read here is all that i know, and its hard to know whats really going on from what little info ive seen.

i was not a part of the more recent financing (secured debt), but obviously, senior debt-holders are a priority over 'regular' investors like me, and the other shareholders. its up to the debt-holders to decide what the company can do now, and whether it can continue to trade or be restructured in some way.

if a company gets into a financial difficulty, i believe the order of priority for who gets paid back are: senior debt holders, debtors, employees, customers, and finally investors...

with the price of bitcoin where it is, the market for bitcoin mining is almost non existent and its unprofitable to mine when your costs are in dollars. if cointerra dies it wont be the first, nor the last mining company to do so. hope it doesnt die, cos it cost me (and others) a lot!

I believe customers and debtors get lumped together (at least in the UK anyway), and employees have a pretty good chance of getting paid due to government schemes (at least in the UK).

Seketsuna

sr. member

Activity: 294

Merit: 250

after bitstamp and now this... btc businesses ending up as a scam or fail...

Dalkore

legendary

Activity: 1330

Merit: 1026

Mining since 2010 & Hosting since 2012

Geez, the fallout is real. Consolidation is the next step.

Swimmer63

legendary

Activity: 1593

Merit: 1004

If there was any real work behind the 16nm chip they can sell the design to someone. That's a big if though.
They would have had to at least pretend like they were moving ahead with the latest designs to appear relevant at all.

MichaelNZ

full member

Activity: 206

Merit: 100

Quote from: RoadStress on January 07, 2015, 01:31:01 PM

Quote from: aerobatic on January 07, 2015, 12:04:53 PM

with the price of bitcoin where it is, the market for bitcoin mining is almost non existent and its unprofitable to mine when your costs are in dollars. if cointerra dies it wont be the first, nor the last mining company to do so. hope it doesnt die, cos it cost me (and others) a lot!

Considering the latest news and your post is it safe to assume that CT will not tape out their 16nm chip anytime soon?

Give it a month or two and I'm picking there will be massive fire sale and you'll be able to pick up kit for cents ... Mind you who'd want it ?

RoadStress

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Activity: 1904

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Quote from: alh on January 07, 2015, 02:50:55 PM

Quote from: RoadStress on January 07, 2015, 01:31:01 PM

Considering the latest news and your post is it safe to assume that CT will not tape out their 16nm chip anytime soon?

My bet is that the bean counters will put the kibosh on the check they would need to send to the Fab even if they did try to tape out. The Fab will want cash up from them I expect. Wasn't it HashFast that got a bunch a chips back, just as they declared bankruptcy?

Got a bunch of chips back from who? From the Fab? I don't understand your HF statement.

alh

legendary

Activity: 1846

Merit: 1052

Quote from: RoadStress on January 07, 2015, 01:31:01 PM

Considering the latest news and your post is it safe to assume that CT will not tape out their 16nm chip anytime soon?

My bet is that the bean counters will put the kibosh on the check they would need to send to the Fab even if they did try to tape out. The Fab will want cash up from them I expect. Wasn't it HashFast that got a bunch a chips back, just as they declared bankruptcy?

RoadStress

legendary

Activity: 1904

Merit: 1007

Quote from: aerobatic on January 07, 2015, 12:04:53 PM

with the price of bitcoin where it is, the market for bitcoin mining is almost non existent and its unprofitable to mine when your costs are in dollars. if cointerra dies it wont be the first, nor the last mining company to do so. hope it doesnt die, cos it cost me (and others) a lot!

Considering the latest news and your post is it safe to assume that CT will not tape out their 16nm chip anytime soon?

Powell

sr. member

Activity: 486

Merit: 262

rm -rf stupidity

As much as the banter annoyed me in the past you never hide involvement and the truth behind it so can't ever say you aren't a man of your word. For the sake of you and the other angel investors I do hope the best. Market sucks right now even more so than in May/June when I got out. Hopefully the lawyers can work out something.

aerobatic

hero member

Activity: 702

Merit: 500

Quote from: Powell on January 06, 2015, 08:23:50 PM

Aerobatic where are you? I thought you were hired to do PR / CS on the forums for CT and you had LOTS of money involved with them among other ASIC companies.

Where has the best company gone?

im still here. i wasnt and have never been hired by cointerra. i was an angel investor (and advisor). i live in the UK.

i lose if they die - i invested cash along with the other angel investors. it was a big deal for me. clearly, i hope they survive.

ive not heard anything first hand. what ive read here is all that i know, and its hard to know whats really going on from what little info ive seen.

i was not a part of the more recent financing (secured debt), but obviously, senior debt-holders are a priority over 'regular' investors like me, and the other shareholders. its up to the debt-holders to decide what the company can do now, and whether it can continue to trade or be restructured in some way.

if a company gets into a financial difficulty, i believe the order of priority for who gets paid back are: senior debt holders, debtors, employees, customers, and finally investors...

with the price of bitcoin where it is, the market for bitcoin mining is almost non existent and its unprofitable to mine when your costs are in dollars. if cointerra dies it wont be the first, nor the last mining company to do so. hope it doesnt die, cos it cost me (and others) a lot!

MichaelNZ

full member

Activity: 206

Merit: 100

Quote from: imp0ster on January 06, 2015, 10:21:53 PM

Can someone post known Cointerra btc addresses?

This is the last payout I received from them:
20 Dec 2014 10:43 NZST
http://blockexplorer.com/t/77rvKEt8rX

13 Dec 2014 12:32 NZST
http://blockexplorer.com/t/8C8pmPnqFL

HorseRider

donator

Activity: 1120

Merit: 1001

I wish Cointerra will help their customers when they liquidate the company.

imp0ster

newbie

Activity: 50

Merit: 0

Can someone post known Cointerra btc addresses?

Topic: Cointerra is dead - page 4. (Read 5673 times)