Cointerra TerraMiner Prices Released (updated) - page 3.

Ytterbium

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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

JohnyBigs

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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.

Damnsammit

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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?

Edit: 2% of the current hashrate is about 800-1000TH/s unless my math is off...

My data is taken from here:

http://blockexplorer.com/q/nethash/2016

JohnyBigs

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Quote from: Ytterbium on August 19, 2013, 03:09:48 PM

Quote from: JohnyBigs on August 19, 2013, 02:57:36 PM

I know how stocks, shares, and dividends work, I just don't understand these companies completely complicated prices. Divide 20 million shares into total hashrate, then calculate dividends, ect.

Labcoin has 10m shares right now. Their first batch of prototype chips should be 6TH/s and should be arriving in a couple days (but will take them some time to get all their boards assembled and online). Once the chips are tested they'll order about 50TH/s worth by September. You're not just buying shares in 50TH/s, though, they'll be adding more chips and are working on a 65nm design.

Their overall goal is to get 10% of the network. If they only manage to get 2%, it would be ~72btc/day/10,000,000 shares = 0.00264BTC/year/share

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?

gkm22d

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Quote from: dhenson on August 19, 2013, 10:48:08 AM

Quote from: ridnovir on August 19, 2013, 10:36:03 AM

I might have considered 2Th for 5K in 12/13
$15K in 12/13 is a joke

Cointerra had a chance to really make an impact. They had the hype and the potential, but completely blew it on the price. Customers have to at least have the illusion of turning a profit before they will be willing to risk this much money on a product they won't receive for 3 months.

I was ready to drop a considerable amount of coin on a largish setup (10+ Th) but won't be pulling the trigger now.

+1

Ytterbium

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Quote from: JohnyBigs on August 19, 2013, 02:57:36 PM

I know how stocks, shares, and dividends work, I just don't understand these companies completely complicated prices. Divide 20 million shares into total hashrate, then calculate dividends, ect.

Labcoin has 10m shares right now. Their first batch of prototype chips should be 6TH/s and should be arriving in a couple days (but will take them some time to get all their boards assembled and online). Once the chips are tested they'll order about 50TH/s worth by September. You're not just buying shares in 50TH/s, though, they'll be adding more chips and are working on a 65nm design.

Their overall goal is to get 10% of the network. If they only manage to get 2%, it would be ~72btc/day/10,000,000 shares = 0.00264BTC/year/share

forevernoob

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Quote from: af_newbie on August 19, 2013, 02:54:50 PM

Quote from: MiningBuddy on August 17, 2013, 08:55:58 AM

No one cares for your pre-order nonsense, come back when you have something in hand and ready to ship.

+1

There should be a new subsection in this forum: "Pre-Orders & other vaporware"
All posts not directly related to existing hardware should go straight to that subsection. This would cleanup the Custom Hardware section.

It is not "Custom Hardware Pre-orders" or "Custom Dream/What I want for Christmas Hardware" section but "Custom Hardware".
It implies an existing hardware.

Problem is there is so few manufacturers that actually have a product to ship.
But I agree out of all threads in this forum 2 out of 10 are about actual products that you can buy today.
It's very hard to navigate. Maybe it's time to open up a new subsection called "available ASIC products" or something.

JohnyBigs

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Quote from: ImI on August 19, 2013, 03:02:42 PM

i think they still arent sure what prices to declare.

doesn't matter post something like those are not our prices on there ect. we will be posting prices shortly ect. ect.

ASIC-K

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Hell?

i think xcrowd is waiting on cointerra, and cointerra is waiting on xcrowd. its all bullshit.

ImI

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i think they still arent sure what prices to declare.

JohnyBigs

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these guys were on 2 hours ago and didn't post anything about this whole mess lol

JohnyBigs

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Quote from: Ytterbium on August 19, 2013, 02:55:32 PM

Quote from: JohnyBigs on August 19, 2013, 02:42:23 PM

Quote from: Ytterbium on August 19, 2013, 02:38:32 PM

Quote from: DeathAndTaxes on August 19, 2013, 01:04:35 PM

Quote from: cryptojoe on August 19, 2013, 12:57:10 PM

What if they're delayed on top of that? They promise additional hashpower if they delay. However, a positive return plugging in as early as jan 1 would require 50% additional hashpower. And a delay would make it impossible to plug in that early with the additional hashpower, and it is a fantasy to think they would offer that much compensation for the inconvenience of the delay. Hmm. I applaud cointerra on the technological advances in design, but it doesn't look a like a wise investment for us at those prices.

Don't take this as "you should buy it today" but ASIC companies offering "free" hashing power as I don't think $8/GH in Dec/Jan is viable and eventually bitfury & KNC will be looked to add later dated sales too. The Q1-2014 price wars have just started.

Everyone should just go buy LABCOIN shares instead. Grin

These 28nm companies are all way overpriced, and require massive upfront orders. At least KnC is selling the single-chip mercury unit for a somewhat sane price.

I never understood how these shares worked? So how much GH can you buy with $15,000 worth of shares? And do they pay out 100%?

It's just like buying shares in IBM or Ford. They pay out dividends based on how much they mine, plus what they make from selling bulk chips and mining equipment on hand (they're not going to do pre-orders, except for bulk chips). You can see what ASICMINER has been paying out in dividends here. Since they have a long track record their price/dividend ratio is actually pretty high. It would take about 3.5 years to earn back their share price.

(I say IBM or Ford since a lot of companies on the stock market actually don't pay dividends, and are reinvesting all their money back into growth, like Apple, Amazon, Google, etc.)

It's obviously risky to invest in these unregulated virtual stock exchanges, but at least you can change your mind and sell your shares whenever you feel like it. People who invested in ASICminer early on certainly did well.

I know how stocks, shares, and dividends work, I just don't understand these companies completely complicated prices. Divide 20 million shares into total hashrate, then calculate dividends, ect.

Ytterbium

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Activity: 238

Merit: 100

Quote from: JohnyBigs on August 19, 2013, 02:42:23 PM

Quote from: Ytterbium on August 19, 2013, 02:38:32 PM

Quote from: DeathAndTaxes on August 19, 2013, 01:04:35 PM

Quote from: cryptojoe on August 19, 2013, 12:57:10 PM

What if they're delayed on top of that? They promise additional hashpower if they delay. However, a positive return plugging in as early as jan 1 would require 50% additional hashpower. And a delay would make it impossible to plug in that early with the additional hashpower, and it is a fantasy to think they would offer that much compensation for the inconvenience of the delay. Hmm. I applaud cointerra on the technological advances in design, but it doesn't look a like a wise investment for us at those prices.

Don't take this as "you should buy it today" but ASIC companies offering "free" hashing power as I don't think $8/GH in Dec/Jan is viable and eventually bitfury & KNC will be looked to add later dated sales too. The Q1-2014 price wars have just started.

Everyone should just go buy LABCOIN shares instead. Grin

These 28nm companies are all way overpriced, and require massive upfront orders. At least KnC is selling the single-chip mercury unit for a somewhat sane price.

I never understood how these shares worked? So how much GH can you buy with $15,000 worth of shares? And do they pay out 100%?

It's just like buying shares in IBM or Ford. They pay out dividends based on how much they mine, plus what they make from selling bulk chips and mining equipment on hand (they're not going to do pre-orders, except for bulk chips). You can see what ASICMINER has been paying out in dividends here. Since they have a long track record their price/dividend ratio is actually pretty high. It would take about 3.5 years to earn back their share price.

(I say IBM or Ford since a lot of companies on the stock market actually don't pay dividends, and are reinvesting all their money back into growth, like Apple, Amazon, Google, etc.)

It's obviously risky to invest in these unregulated virtual stock exchanges, but at least you can change your mind and sell your shares whenever you feel like it. People who invested in ASICminer early on certainly did well.

I think it's a much better idea for actually investing then doing pre-orders. With a pre-order the company makes a profit right away, and you may never get one. Real investors get equity, so if the company makes a lot of money, the investor does as well.

af_newbie

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Quote from: MiningBuddy on August 17, 2013, 08:55:58 AM

No one cares for your pre-order nonsense, come back when you have something in hand and ready to ship.

+1

There should be a new subsection in this forum: "Pre-Orders & other vaporware"
All posts not directly related to existing hardware should go straight to that subsection. This would cleanup the Custom Hardware section.

It is not "Custom Hardware Pre-orders" or "Custom Dream/What I want for Christmas Hardware" section but "Custom Hardware".
It implies an existing hardware.

JohnyBigs

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Activity: 560

Merit: 250

Quote from: superduh on August 19, 2013, 02:48:28 PM

Quote from: JohnyBigs on August 19, 2013, 02:46:01 PM

those prices are clearly wrong, nobody is going to invest $15-$17K for only a 4K profit lol.

Yes they will since clearly people are investing into things that will never reach roi at all. Some profit better than negative profit

No clearly retarded prices. Why would you invest 17k into Cointerra when you can invest it into KNC and profit like 50K+

superduh

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Quote from: JohnyBigs on August 19, 2013, 02:46:01 PM

those prices are clearly wrong, nobody is going to invest $15-$17K for only a 4K profit lol.

Yes they will since clearly people are investing into things that will never reach roi at all. Some profit better than negative profit

klee

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Quote from: JohnyBigs on August 19, 2013, 02:42:23 PM

Quote from: Ytterbium on August 19, 2013, 02:38:32 PM

Quote from: DeathAndTaxes on August 19, 2013, 01:04:35 PM

Quote from: cryptojoe on August 19, 2013, 12:57:10 PM

What if they're delayed on top of that? They promise additional hashpower if they delay. However, a positive return plugging in as early as jan 1 would require 50% additional hashpower. And a delay would make it impossible to plug in that early with the additional hashpower, and it is a fantasy to think they would offer that much compensation for the inconvenience of the delay. Hmm. I applaud cointerra on the technological advances in design, but it doesn't look a like a wise investment for us at those prices.

Don't take this as "you should buy it today" but ASIC companies offering "free" hashing power as I don't think $8/GH in Dec/Jan is viable and eventually bitfury & KNC will be looked to add later dated sales too. The Q1-2014 price wars have just started.

Everyone should just go buy LABCOIN shares instead. Grin

These 28nm companies are all way overpriced, and require massive upfront orders. At least KnC is selling the single-chip mercury unit for a somewhat sane price.

I never understood how these shares worked? So how much GH can you buy with $15,000 worth of shares? And do they pay out 100%?

I will sell when and if it goes x10, just a small amount invested for speculation.Dividends is a plus but I do not go in much details...

JohnyBigs

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those prices are clearly wrong, nobody is going to invest $15-$17K for only a 4K profit lol. The article offers no source or anything, there is nothing on their website about those retarded prices.

What's dumb though is it's been past 48hrs unless they meant within the next 2 days which we are in the second day, but to not be monitoring your thread, and when there is a very negative article and not post anything about it is retarded and just turns me off about investing any money with them.

JohnyBigs

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Activity: 560

Merit: 250

Quote from: Ytterbium on August 19, 2013, 02:38:32 PM

Quote from: DeathAndTaxes on August 19, 2013, 01:04:35 PM

Quote from: cryptojoe on August 19, 2013, 12:57:10 PM

What if they're delayed on top of that? They promise additional hashpower if they delay. However, a positive return plugging in as early as jan 1 would require 50% additional hashpower. And a delay would make it impossible to plug in that early with the additional hashpower, and it is a fantasy to think they would offer that much compensation for the inconvenience of the delay. Hmm. I applaud cointerra on the technological advances in design, but it doesn't look a like a wise investment for us at those prices.

Don't take this as "you should buy it today" but ASIC companies offering "free" hashing power as I don't think $8/GH in Dec/Jan is viable and eventually bitfury & KNC will be looked to add later dated sales too. The Q1-2014 price wars have just started.

Everyone should just go buy LABCOIN shares instead. Grin

These 28nm companies are all way overpriced, and require massive upfront orders. At least KnC is selling the single-chip mercury unit for a somewhat sane price.

I never understood how these shares worked? So how much GH can you buy with $15,000 worth of shares? And do they pay out 100%?

Ytterbium

full member

Activity: 238

Merit: 100

Quote from: DeathAndTaxes on August 19, 2013, 01:04:35 PM

Quote from: cryptojoe on August 19, 2013, 12:57:10 PM

What if they're delayed on top of that? They promise additional hashpower if they delay. However, a positive return plugging in as early as jan 1 would require 50% additional hashpower. And a delay would make it impossible to plug in that early with the additional hashpower, and it is a fantasy to think they would offer that much compensation for the inconvenience of the delay. Hmm. I applaud cointerra on the technological advances in design, but it doesn't look a like a wise investment for us at those prices.

Don't take this as "you should buy it today" but ASIC companies offering "free" hashing power as I don't think $8/GH in Dec/Jan is viable and eventually bitfury & KNC will be looked to add later dated sales too. The Q1-2014 price wars have just started.

Everyone should just go buy LABCOIN shares instead. Grin

These 28nm companies are all way overpriced, and require massive upfront orders. At least KnC is selling the single-chip mercury unit for a somewhat sane price.

Topic: Cointerra TerraMiner Prices Released (updated) - page 3. (Read 10299 times)