Cointerra TerraMiner Prices Released (updated) - page 2.

JohnyBigs

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Quote from: Minor Miner on August 19, 2013, 06:44:40 PM

Quote from: zedicus on August 19, 2013, 06:37:50 PM

I think they made a typo on the price. If not i fell out my chair laughing and pointing for nothing.

No mistake except the price is in RMB and they put up US$ by mistake. Honest mistake likely because someone was setting the price based on costs and their costs were mostly in RMB too.

So what the price is not $17,000?? I guess your just trolling lol

NiteShdw

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This is disappointing, I have been holding out specifically for CoinTerra.

I ran an ROI calculator, and if you assume that they deliver late in December, and that difficult continues to rise exponentially through December, the device will never coup its cost. It's amazing that a 2TH/s device at $16 won't be worth it. A few months ago that would have been an amazing device.

If you just look at how many bitcoins it'll be able to produce, it looks like it'll be able to generate about 110 BTC in the first 8 months. At current exchange rates the device will cost 145 BTC. The only way I can see this making any money is if the exchange rate for BTC doubles over the next 6 months.

Minor Miner

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Quote from: zedicus on August 19, 2013, 06:37:50 PM

I think they made a typo on the price. If not i fell out my chair laughing and pointing for nothing.

No mistake except the price is in RMB and they put up US$ by mistake. Honest mistake likely because someone was setting the price based on costs and their costs were mostly in RMB too.

JohnyBigs

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Quote from: zedicus on August 19, 2013, 06:37:50 PM

I think they made a typo on the price. If not i fell out my chair laughing and pointing for nothing.

I also fell and died laughing haha. Fucking failures

zedicus

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I think they made a typo on the price. If not i fell out my chair laughing and pointing for nothing.

ASIC-K

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Hell?

Quote from: AussieHash on August 19, 2013, 06:07:28 PM

http://order.cointerra.com/

Who wants to buy my place in the preorder line ?

nobody

roy7

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The announcement went out to the mailing list. Same info as discussed earlier in regards to price/speed.

AussieHash

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http://order.cointerra.com/

Who wants to buy my place in the preorder line ?

JohnyBigs

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It's amazing how many of these companies shoot themselves in the foot by being complete morons lmao.

crumbs

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Quote from: Newscastix on August 19, 2013, 05:05:15 PM

Quote from: Damnsammit on August 19, 2013, 03:45:52 PM

yeah I understand wanting to generate hype, but I don't get the need for a pre-announcement of a price-announcement that in itself is a pre-announcement for the pre-order... Huh

The twist is that bitcoin mining products are probably the only products on earth that sell like hot cakes without any hype at all... just by having them in stock.. Grin

Or just promising to make them sometime in vaguely defined future. Cheesy

Newscastix

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Quote from: Damnsammit on August 19, 2013, 03:45:52 PM

yeah I understand wanting to generate hype, but I don't get the need for a pre-announcement of a price-announcement that in itself is a pre-announcement for the pre-order... Huh

The twist is that bitcoin mining products are probably the only products on earth that sell like hot cakes without any hype at all... just by having them in stock.. Grin

gkm22d

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I guess they knew nobody was interested so they aren't even going to bother.

GodfatherBond

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Quote from: JohnyBigs on August 19, 2013, 03:58:08 PM

Quote from: Damnsammit on August 19, 2013, 03:45:52 PM

yeah I understand wanting to generate hype, but I don't get the need for a pre-announcement of a price-announcement that in itself is a pre-announcement for the pre-order... Huh

That hype turns into negativity when you fail to deliver and even post a clarification lol. The hype would of been good if right before deadline they posted prices it would of kept the hype going, not this sorry excuse of a failure lol. This just kills anything you had going for yourself plus it damages you beyond repair.

Why would we trust these guys when they can't even take 2 seconds of their time to post something.

Not anymore wasting time for watching cointerra - maybe they will be good supplier in the future, but this is somehow funny. Anyway - if I buy, I will buy new Avalons if they will have those ready to ship within three days at some stage - of course depending on the price Wink

Have to say that I was expecting prompt announcement from cointerra, but basicly nothing - nothing here or their site. Goodbye cointerra.

erschiessen

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Quote from: cointerra on August 17, 2013, 08:53:34 AM

Cointerra GoldStrike System prices will be released within 48 hours! Stay tuned!!

It's nearing 56 hours since this was posted.

Is it the genesis block story?
Shucks, I am disappointed.
It surely didn't live up to the hype.

JohnyBigs

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Quote from: Damnsammit on August 19, 2013, 03:45:52 PM

yeah I understand wanting to generate hype, but I don't get the need for a pre-announcement of a price-announcement that in itself is a pre-announcement for the pre-order... Huh

That hype turns into negativity when you fail to deliver and even post a clarification lol. The hype would of been good if right before deadline they posted prices it would of kept the hype going, not this sorry excuse of a failure lol. This just kills anything you had going for yourself plus it damages you beyond repair.

Why would we trust these guys when they can't even take 2 seconds of their time to post something.

mtminer

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Quote from: Ytterbium on August 19, 2013, 03:34:18 PM

Quote from: JohnyBigs on August 19, 2013, 03:21:57 PM

Quote from: Damnsammit on August 19, 2013, 03:18:06 PM

Quote from: JohnyBigs on August 19, 2013, 03:13:55 PM

so for arguments sake if i invest $4,000 at .002 a share it gives me 2 million shares I'll make 5,200BTC for the year? is my math correct?

2,000,000 x 0.002 = 4000 BTC = $400,000

$4,000 / 100 = 40 BTC / 0.002 = 20,000 shares = 52.8 BTC/yr

That's IF they can reach and maintain 2% of the BTC Hashrate for the entire year, I assume?

Ok that makes more sense, that it's pretty worthless compared to buying your own equipment.

If you look at the Mining calculators, most barely make ROI in a year, and henceforth make barely anything at all. With an investment like this (or ASICMINER) their overall hashrate goes up along with the rest of the network. So you continue to make money year after year into the future. Not just for one year before it becomes worthless.

Furthermore 2% was just a random example. Their actual goal is ~10% or more. Their chips only cost them $9-10 and so they only pay about $2-3/GH/s. Compared to anywhere from $20 for KnC to $7 something for Cointerra if you want to drop $15k

For them to keep the 2% they would need to add capacity at the same rate that the network is increasing. IE ~50% just this month alone.
Buildings with large installations of power 1,000 amp range aren't cheap, and buildings with multiple redundant feeds are even more expensive. Some of the best data centers only run 1 watt of computing power to 1 watt of cooling.

Damnsammit

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yeah I understand wanting to generate hype, but I don't get the need for a pre-announcement of a price-announcement that in itself is a pre-announcement for the pre-order... Huh

JohnyBigs

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Quote from: Xian01 on August 19, 2013, 03:37:31 PM

Why should we trust Cointerra when they can't even be relied upon to release announcements in a reasonable timeframe ?

This is why you don't make announcements about upcoming announcements. You just make the announcement when you are good and ready.

I clearly don't trust them anymore, this lack of incompetence spreads throughout the whole business. If these idiots can't even announce something properly would love for them to try and execute an ASIC design with proper time management.

It's one thing to not post on time, but at least come on and explain what is going on. You have a website posting numbers, you are late with your announcement, and you don't even bother to explain. Shows complete stupidity and recklessness.

Xian01

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Christian Antkow

Why should we trust Cointerra when they can't even be relied upon to release announcements in a reasonable timeframe ?

This is why you don't make announcements about upcoming announcements. You just make the announcement when you are good and ready.

JohnyBigs

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Activity: 560

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Quote from: Ytterbium on August 19, 2013, 03:34:18 PM

Quote from: JohnyBigs on August 19, 2013, 03:21:57 PM

Quote from: Damnsammit on August 19, 2013, 03:18:06 PM

Quote from: JohnyBigs on August 19, 2013, 03:13:55 PM

so for arguments sake if i invest $4,000 at .002 a share it gives me 2 million shares I'll make 5,200BTC for the year? is my math correct?

2,000,000 x 0.002 = 4000 BTC = $400,000

$4,000 / 100 = 40 BTC / 0.002 = 20,000 shares = 52.8 BTC/yr

That's IF they can reach and maintain 2% of the BTC Hashrate for the entire year, I assume?

Ok that makes more sense, that it's pretty worthless compared to buying your own equipment.

If you look at the Mining calculators, most barely make ROI in a year, and henceforth make barely anything at all. With an investment like this (or ASICMINER) their overall hashrate goes up along with the rest of the network. So you continue to make money year after year into the future. Not just for one year before it becomes worthless.

Furthermore 2% was just a random example. Their actual goal is ~10% or more. Their chips only cost them $9-10 and so they only pay about $2-3/GH/s. Compared to anywhere from $20 for KnC to $7 something for Cointerra if you want to drop $15k

Yeah but you are not getting the GH for $2-3/gh. If you were you would be making like $50K. If you were getting $2-3/gh you would make $100K, clearly that is not the case, if you only end up with a $1,000 profit.

This means their shares are an equivalent of probably $40/gh even more expensive than KNC as even KNC will give you an ROI of $9,000

Topic: Cointerra TerraMiner Prices Released (updated) - page 2. (Read 10299 times)