Topic: Cointerra TerraMiner Prices Released (updated) (Read 10293 times)
This company has not produced a 2th/s miner ever to date!
also:
even though:
(Emphasis mine.)
They have to offer 2 years warranty for sales to the EU. That's mandatory.
Given it's a "consumer" device, are they going through the FCC/CE certification process?
The price is "meh" for something shipping that late. They'll probably have to lower it or offer additional equipment at a heavy discount.
edit: funny they say it's for professionals in the announcement and not the T&C.
Quote
Warranties. CoinTerra warrants that its Product(s) will, at the time of shipment and for a period of ninety days thereafter
even though:
Quote
These Consumer Terms of Sale
(Emphasis mine.)
They have to offer 2 years warranty for sales to the EU. That's mandatory.
Given it's a "consumer" device, are they going through the FCC/CE certification process?
The price is "meh" for something shipping that late. They'll probably have to lower it or offer additional equipment at a heavy discount.
edit: funny they say it's for professionals in the announcement and not the T&C.
CoinTerra Unveils 2TH/s ASIC Bitcoin Miner
Due to high interest and demand, we have decided to announce the specs and price of our first product, TerraMiner IV, before the official launch of our full product line.
TerraMiner IV is currently the most powerful, high-performance Bitcoin mining rig available for pre-order and packs a hashrate of greater than 2 TH/s.
Designed by the world’s leading experts in ASICs, mathematics and algorithm design, it features Cointerra’s in-house designed ASIC – the GoldStrike1.
TerraMiner IV delivers unprecedented performance while maintaining an exceptionally efficient wattage rating. It is optimized and designed for use by Bitcoin mining professionals who demand the very best cost/performance ratio for their systems.
TerraMiner IV will ship in December this year and retails for $15,750.
For more information and to place an order, go to order.cointerra.com.
Looking forward to serving you,
The CoinTerra Team
- -
We apologize for the slight delay in the announcement here on the forum. We wanted to be sure that all the people who actively signed up for email updates on our website received this message first.
Due to high interest and demand, we have decided to announce the specs and price of our first product, TerraMiner IV, before the official launch of our full product line.
TerraMiner IV is currently the most powerful, high-performance Bitcoin mining rig available for pre-order and packs a hashrate of greater than 2 TH/s.
Designed by the world’s leading experts in ASICs, mathematics and algorithm design, it features Cointerra’s in-house designed ASIC – the GoldStrike1.
TerraMiner IV delivers unprecedented performance while maintaining an exceptionally efficient wattage rating. It is optimized and designed for use by Bitcoin mining professionals who demand the very best cost/performance ratio for their systems.
TerraMiner IV will ship in December this year and retails for $15,750.
For more information and to place an order, go to order.cointerra.com.
Looking forward to serving you,
The CoinTerra Team
- -
We apologize for the slight delay in the announcement here on the forum. We wanted to be sure that all the people who actively signed up for email updates on our website received this message first.
You mentioned before that you would have a
Quote
very customer friendly delay policy
Unfortunately your terms of service leave much to be desired: http://www.cointerra.com/consumer-sales-agreement/
Quote
• Excusable Delay. Cointerra shall not be liable for any delay or failure to perform due to any cause beyond its control or the control of its suppliers or subcontractors such as, for example, strikes, acts of God, acts of Buyer, interruption of transportation or inability to obtain the necessary labor, materials or facilities. Delivery schedules shall be considered extended by a period of time equal to the time lost because of any excusable delay. In the event Cointerra is unable wholly or partially to perform because of any such cause it may cancel its acceptance of Buyer’s order without liability to Buyer.
Quote from: cointerra
Due to high interest and demand, we have decided to announce the specs and price of our first product: TerraMiner IV, before the official launch of our full product line.
TerraMiner IV is the most powerful, high-performance Bitcoin mining rig available for pre-order and packs a hashrate of greater than 2 TH/s.
Designed by the world’s leading experts in ASICs, mathematics and algorithm design, it features Cointerra’s in-house designed ASIC – the GoldStrike1.
TerraMiner IV delivers unprecedented performance while maintaining an exceptionally efficient wattage rating (of significantly less than a watt per Gh/s). It is optimized and designed for use by Bitcoin mining (what else would it be used for ?) professionals who demand the very best cost/performance ratio for their systems.
TerraMiner IV will ship in December this year and retails for $15,750.
For more information and to place an order, go to order.cointerra.com.
TerraMiner IV is the most powerful, high-performance Bitcoin mining rig available for pre-order and packs a hashrate of greater than 2 TH/s.
Designed by the world’s leading experts in ASICs, mathematics and algorithm design, it features Cointerra’s in-house designed ASIC – the GoldStrike1.
TerraMiner IV delivers unprecedented performance while maintaining an exceptionally efficient wattage rating (of significantly less than a watt per Gh/s). It is optimized and designed for use by Bitcoin mining (what else would it be used for ?) professionals who demand the very best cost/performance ratio for their systems.
TerraMiner IV will ship in December this year and retails for $15,750.
For more information and to place an order, go to order.cointerra.com.
I haven't seen a bullshit fluff-laden PR piece like that since, well, the Butterfly Labs Monarch announcement.
I'm calling shenanigans.
yeah this was the biggest letdown so far, it was really enjoyable watching these clowns lol
None of it is lies. It just is marketing speak. Could have been a bullet list for all we care, but marketing bots do what marketing bots will do.
Quote from: cointerra
Due to high interest and demand, we have decided to announce the specs and price of our first product: TerraMiner IV, before the official launch of our full product line.
TerraMiner IV is the most powerful, high-performance Bitcoin mining rig available for pre-order and packs a hashrate of greater than 2 TH/s.
Designed by the world’s leading experts in ASICs, mathematics and algorithm design, it features Cointerra’s in-house designed ASIC – the GoldStrike1.
TerraMiner IV delivers unprecedented performance while maintaining an exceptionally efficient wattage rating (of significantly less than a watt per Gh/s). It is optimized and designed for use by Bitcoin mining (what else would it be used for ?) professionals who demand the very best cost/performance ratio for their systems.
TerraMiner IV will ship in December this year and retails for $15,750.
For more information and to place an order, go to order.cointerra.com.
TerraMiner IV is the most powerful, high-performance Bitcoin mining rig available for pre-order and packs a hashrate of greater than 2 TH/s.
Designed by the world’s leading experts in ASICs, mathematics and algorithm design, it features Cointerra’s in-house designed ASIC – the GoldStrike1.
TerraMiner IV delivers unprecedented performance while maintaining an exceptionally efficient wattage rating (of significantly less than a watt per Gh/s). It is optimized and designed for use by Bitcoin mining (what else would it be used for ?) professionals who demand the very best cost/performance ratio for their systems.
TerraMiner IV will ship in December this year and retails for $15,750.
For more information and to place an order, go to order.cointerra.com.
I haven't seen a bullshit fluff-laden PR piece like that since, well, the Butterfly Labs Monarch announcement.
I'm calling shenanigans.
No if they are delayed because they lied about being able to raise funds, and secure fabrication at TSMC before October/November as promised, then as a customer when it dawns on me that a rocket run wasn't even feasible, I'd want my funds back in their entirey. Giving me an extra chip instead of the freedom of my own choice means nothing to me in the scheme of things. There is a reason they only give you a two week window to refund in January, and not before. There's a reason they keep refusing Paypal as a payment option when you would know inside of Paypal's 45 day protection plan whether Hashfast were capable of delivering as originally
promised in October.
promised in October.
Right... and if KNC is unable to deliver, they will have enough funds to refund everyone 100%?
Maybe your credit card company/Paypal will bail you out, but there are plenty of people that have ordered with Bitcoin through KNC (including myself) and would be screwed in a similar circumstance. Also, they wouldn't get free extra chips for the "inconvenience" either...
Well you can't say I didn't suggest used the safest means possible for yourself, but CoinHoarder from reading your posts I don't fear you aren't informed enough as to make your own decisions and accept responsibility for your own actions. You appear more mature and seasoned than most. Also I'd say it's fair they want your repeat custom, so let's see what happens. For me though anything I have to order in advance over £200 in value, I look for the most protected means possible.
No if they are delayed because they lied about being able to raise funds, and secure fabrication at TSMC before October/November as promised, then as a customer when it dawns on me that a rocket run wasn't even feasible, I'd want my funds back in their entirey. Giving me an extra chip instead of the freedom of my own choice means nothing to me in the scheme of things. There is a reason they only give you a two week window to refund in January, and not before. There's a reason they keep refusing Paypal as a payment option when you would know inside of Paypal's 45 day protection plan whether Hashfast were capable of delivering as originally
promised in October.
promised in October.
Right... and if KNC is unable to deliver, they will have enough funds to refund everyone 100%?
Maybe your credit card company/Paypal will bail you out, but there are plenty of people that have ordered with Bitcoin through KNC (including myself) and would be screwed in a similar circumstance. Also, they wouldn't get free extra chips for the "inconvenience" either...
Also...
HashFast/xCrowd are offering a "Miner protection plan" of some sort. (If difficulty goes up so high that you can't ROI, they will provide extra chips for free... something along those lines.)
I'm a bit weary to order from a company that doesn't also provide this, because if they delay then you're out of luck.
I feel like a "Miner Protection Plan" is needed for any new start ups to be taken seriously.
HashFast/xCrowd are offering a "Miner protection plan" of some sort. (If difficulty goes up so high that you can't ROI, they will provide extra chips for free... something along those lines.)
I'm a bit weary to order from a company that doesn't also provide this, because if they delay then you're out of luck.
I feel like a "Miner Protection Plan" is needed for any new start ups to be taken seriously.
Hashfast offer raw chips, but you have to pay for associated parts, assembly and shipping. Plus you'd presumably have to wait for such additionally hashing power to be made for you. This all negates any miner protection. Furthermore they guarantee refunds out of what, the pool of monies they have spent on development and wages? No third party assuming liability, no real protection.
X-Crowd offer protection on a global network of sub 350million in difficulty. By the time they deliver it will be beyond 350 million in difficulty, therefore such protection is also negated.
It's just marketing. You either fall for it, or you don't.
Cointerra looked promising as they promised to accept a secured payment with potential third party assuming liability to really protect their customers funds, but at this pricepoint there is no way they could have even genuinely considered Paypal as a payment choice.
I understand that the extra hashing power is provided in chips not assembled. But, it is better than the NOTHING you would get from the other manufacturers if they are delayed and you won't make ROI, is it not?
Obviously xCrowd's miner protection plan of difficulty <350 million is not really a miner protection plan. I did not know they had placed such a limit on the difficulty. However, HashFast's miner protection plan seems decent.
In one case you are just screwed if they delay, and in the other case you can pay a little more to get the chips assembled and still make ROI. I fail to see how not offering a miner protection plan is better than not offering one...
No if they are delayed because they lied about being able to raise funds, and secure fabrication at TSMC before October/November as promised, then as a customer when it dawns on me that a rocket run wasn't even feasible, I'd want my funds back in their entirey. Giving me an extra chip instead of the freedom of my own choice means nothing to me in the scheme of things. There is a reason they only give you a two week window to refund in January, and not before. There's a reason they keep refusing Paypal as a payment option when you would know inside of Paypal's 45 day protection plan whether Hashfast were capable of delivering as originally
promised in October.
Also...
HashFast/xCrowd are offering a "Miner protection plan" of some sort. (If difficulty goes up so high that you can't ROI, they will provide extra chips for free... something along those lines.)
I'm a bit weary to order from a company that doesn't also provide this, because if they delay then you're out of luck.
I feel like a "Miner Protection Plan" is needed for any new start ups to be taken seriously.
HashFast/xCrowd are offering a "Miner protection plan" of some sort. (If difficulty goes up so high that you can't ROI, they will provide extra chips for free... something along those lines.)
I'm a bit weary to order from a company that doesn't also provide this, because if they delay then you're out of luck.
I feel like a "Miner Protection Plan" is needed for any new start ups to be taken seriously.
Hashfast offer raw chips, but you have to pay for associated parts, assembly and shipping. Plus you'd presumably have to wait for such additionally hashing power to be made for you. This all negates any miner protection. Furthermore they guarantee refunds out of what, the pool of monies they have spent on development and wages? No third party assuming liability, no real protection.
X-Crowd offer protection on a global network of sub 350million in difficulty. By the time they deliver it will be beyond 350 million in difficulty, therefore such protection is also negated.
It's just marketing. You either fall for it, or you don't.
Cointerra looked promising as they promised to accept a secured payment with potential third party assuming liability to really protect their customers funds, but at this pricepoint there is no way they could have even genuinely considered Paypal as a payment choice.
I understand that the extra hashing power is only provided in chips (not assembled), but it is better than the NOTHING you would get from the other manufacturers if they are delayed and you won't make ROI, is it not?
Obviously xCrowd's miner protection plan of difficulty <350 million is not really a miner protection plan. I did not know they had placed such a limit on the difficulty. HOWEVER, they also are offering escrow so I fail to see how a gap in their miner protection plan is really that big of a deal. HashFast's miner protection plan seems decent.
In one case you are just screwed if they delay (KNC), and in the other case you can pay a little more to get the chips assembled and still make ROI (HashFast). I fail to see how not offering a miner protection plan is better than offering one...
Try looking at the situation without your KNC is the only legit answer goggles on...
Pretty expensive to say the least. 
Also...
HashFast/xCrowd are offering a "Miner protection plan" of some sort. (If difficulty goes up so high that you can't ROI, they will provide extra chips for free... something along those lines.)
I'm a bit weary to order from a company that doesn't also provide this, because if they delay then you're out of luck.
I feel like a "Miner Protection Plan" is needed for any new start ups to be taken seriously.
HashFast/xCrowd are offering a "Miner protection plan" of some sort. (If difficulty goes up so high that you can't ROI, they will provide extra chips for free... something along those lines.)
I'm a bit weary to order from a company that doesn't also provide this, because if they delay then you're out of luck.
I feel like a "Miner Protection Plan" is needed for any new start ups to be taken seriously.
Hashfast offer raw chips, but you have to pay for associated parts, assembly and shipping. Plus you'd presumably have to wait for such additionally hashing power to be made for you. This all negates any miner protection. Furthermore they guarantee refunds out of what, the pool of monies they have spent on development and wages? No third party assuming liability, no real protection. They couldn't pay you back if they wanted to, fact is, they have no intention to.
X-Crowd offer protection on a global network of sub 350million in difficulty. By the time they deliver it will be almost certainly be beyond 350 million in difficulty, therefore such protection is also negated.
It's just marketing. You either fall for it, or you don't.
Cointerra looked promising as they promised to accept a secured payment with potential third party assuming liability to really protect their customers funds, but at this pricepoint there is no way they could have even genuinely considered Paypal as a payment choice.
Also...
HashFast/xCrowd are offering a "Miner protection plan" of some sort. (If difficulty goes up so high that you can't ROI, they will provide extra chips for free... something along those lines.)
I'm a bit weary to order from a company that doesn't also provide this, because if they delay then you're out of luck.
I feel like a "Miner Protection Plan" is needed for any new start ups to be taken seriously.
HashFast/xCrowd are offering a "Miner protection plan" of some sort. (If difficulty goes up so high that you can't ROI, they will provide extra chips for free... something along those lines.)
I'm a bit weary to order from a company that doesn't also provide this, because if they delay then you're out of luck.
I feel like a "Miner Protection Plan" is needed for any new start ups to be taken seriously.
My issue is that you promised Paypal, yet have priced significantly higher than their $10,000 spending limit. Certainly they won't protect above that amount.
https://www.paypal.com/webapps/helpcenter/article/?solutionId=11637&m=SRE
So your statement about accepting Paypal, appears to have been ill-conceived, or untrue.
https://www.paypal.com/webapps/helpcenter/article/?solutionId=11637&m=SRE
So your statement about accepting Paypal, appears to have been ill-conceived, or untrue.
They don't even accept Bitcoin..... lol
Only bank transfers....
They said they'd accept PayPal : They aren't.
They don't even accept btc.
And worse of all, the thing will never pay for itself because it's overpriced:
http://mining.thegenesisblock.com/a/294c1f0fab
these guys are a joke just let this thread die.
I mostly agree with everyone else.
I was looking forward to this announcement, especially since they've been saying it will be the cheapest option, but it's kind of meh after running the numbers.
I can't expect they'll get much business at these prices, but it is what it is. It's hard for me to suggest Cointerra over BFL at this point considering BFL has actually released products before and both are about the same price. Sure, BFL has been a clusterfuck, but I would hope they have learned from their mistakes.
I was looking forward to this announcement, especially since they've been saying it will be the cheapest option, but it's kind of meh after running the numbers.
I can't expect they'll get much business at these prices, but it is what it is. It's hard for me to suggest Cointerra over BFL at this point considering BFL has actually released products before and both are about the same price. Sure, BFL has been a clusterfuck, but I would hope they have learned from their mistakes.
If they didn't learn from FPGA, I don't think they will ever learn. The best option is still KNC.
KNC at current prices won't ROI either..
uhh yes it will, if they don't delay of course.
My issue is that you promised Paypal, yet have priced significantly higher than their $10,000 spending limit. Certainly they won't protect above that amount.
https://www.paypal.com/webapps/helpcenter/article/?solutionId=11637&m=SRE
So your statement about accepting Paypal, appears to have been ill-conceived, or untrue.
https://www.paypal.com/webapps/helpcenter/article/?solutionId=11637&m=SRE
So your statement about accepting Paypal, appears to have been ill-conceived, or untrue.
They don't even accept Bitcoin..... lol
Only bank transfers....
My issue is that you promised Paypal, yet have priced significantly higher than their $10,000 spending limit. Certainly they won't protect above that amount.
So your statement about accepting Paypal, appears to have been ill-conceived, or untrue.
https://www.paypal.com/webapps/helpcenter/article/?solutionId=11637&m=SRE
So your statement about accepting Paypal, appears to have been ill-conceived, or untrue.
Quote
What is PayPal's transaction limit?
You can send up to $10,000 in a single transaction.
If you don't have a PayPal account, you can send a one-time payment of up to $4,000.
If you don't have a PayPal account and live outside the U.S., the maximum amount you can send depends on your currency:
EUR - 8000
CAD - 12500
GBP - 5500
ARS - 30,000
AUD - 12500
BRL - 20,000
CHF - 13,000
CZK - 240,000
DKK - 60,000
HKD - 80,000
HUF - 2,000,000
ILS - 40,000
JPY - 1.000.000
MXN - 110,000
MYR - 40,000
NOK - 70,000
NZD - 15,000
PHP - 500,000
PLN - 32,000
SEK - 80,000
SGD - 16,000
THB - 360,000
TWD - 330,000
You can send up to $10,000 in a single transaction.
If you don't have a PayPal account, you can send a one-time payment of up to $4,000.
If you don't have a PayPal account and live outside the U.S., the maximum amount you can send depends on your currency:
EUR - 8000
CAD - 12500
GBP - 5500
ARS - 30,000
AUD - 12500
BRL - 20,000
CHF - 13,000
CZK - 240,000
DKK - 60,000
HKD - 80,000
HUF - 2,000,000
ILS - 40,000
JPY - 1.000.000
MXN - 110,000
MYR - 40,000
NOK - 70,000
NZD - 15,000
PHP - 500,000
PLN - 32,000
SEK - 80,000
SGD - 16,000
THB - 360,000
TWD - 330,000
https://www.paypal.com/webapps/helpcenter/article/?solutionId=11637&m=SRE
I mostly agree with everyone else.
I was looking forward to this announcement, especially since they've been saying it will be the cheapest option, but it's kind of meh after running the numbers.
I can't expect they'll get much business at these prices, but it is what it is. It's hard for me to suggest Cointerra over BFL at this point considering BFL has actually released products before and both are about the same price. Sure, BFL has been a clusterfuck, but I would hope they have learned from their mistakes.
I was looking forward to this announcement, especially since they've been saying it will be the cheapest option, but it's kind of meh after running the numbers.
I can't expect they'll get much business at these prices, but it is what it is. It's hard for me to suggest Cointerra over BFL at this point considering BFL has actually released products before and both are about the same price. Sure, BFL has been a clusterfuck, but I would hope they have learned from their mistakes.
If they didn't learn from FPGA, I don't think they will ever learn. The best option is still KNC.
KNC at current prices won't ROI either..
I mostly agree with everyone else.
I was looking forward to this announcement, especially since they've been saying it will be the cheapest option, but it's kind of meh after running the numbers.
I can't expect they'll get much business at these prices, but it is what it is. It's hard for me to suggest Cointerra over BFL at this point considering BFL has actually released products before and both are about the same price. Sure, BFL has been a clusterfuck, but I would hope they have learned from their mistakes.
I was looking forward to this announcement, especially since they've been saying it will be the cheapest option, but it's kind of meh after running the numbers.
I can't expect they'll get much business at these prices, but it is what it is. It's hard for me to suggest Cointerra over BFL at this point considering BFL has actually released products before and both are about the same price. Sure, BFL has been a clusterfuck, but I would hope they have learned from their mistakes.
If they didn't learn from FPGA, I don't think they will ever learn. The best option is still KNC.
I mostly agree with everyone else.
I was looking forward to this announcement, especially since they've been saying it will be the cheapest option, but it's kind of meh after running the numbers.
I can't expect they'll get much business at these prices, but it is what it is. It's hard for me to suggest Cointerra over BFL at this point considering BFL has actually released products before and both are about the same price. Sure, BFL has been a clusterfuck, but I would hope they have learned from their mistakes.
These ASIC companies need to leave some meat on the bone for their customers or there will be no customers.
I was looking forward to this announcement, especially since they've been saying it will be the cheapest option, but it's kind of meh after running the numbers.
I can't expect they'll get much business at these prices, but it is what it is. It's hard for me to suggest Cointerra over BFL at this point considering BFL has actually released products before and both are about the same price. Sure, BFL has been a clusterfuck, but I would hope they have learned from their mistakes.
These ASIC companies need to leave some meat on the bone for their customers or there will be no customers.
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