Topic: Cointerra TerraMiner Prices Released (updated) - page 4. (Read 10299 times)

These guys need to hire a marketing person, release dumbass deadlines and not meet them. Have prices go up on a third party website, and not even come on here and explain anything. PR failing 101

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.

Still compensation in the form of additional hashpower really isn't that unbelievable.  The economics of ASICs mean the seller has a huge amount of NRE (not just the masks but the design and testing) and very low per unit cost (~$1 per GH/s).  They (or any other ASIC manufacturer) have (excluding NRE) 90%+ gross margins so while they would prefer not to give you more hashing power for "free" the markup on the base hashing power is more than enough to cover it. On the other hand with that huge fixed upfront cost if they don't sell enough units they (and any other ASIC manufacturer) will never be profitable.

Well this was the last ASIC company that I was excited about seeing as how they are located a few hours South of me.

If those prices are correct, then I will likely give up on ever wanting to own an ASIC.

Just going to hold onto my Bitcoins and mine with my sexy 1MH/s alt-coin milkcrate

The prices aren't higher on a $/GH basis than anyone else.  It is tied with BFL @ $8/GH.  It is the lowest cost miner announced to date but with December (or later) delivery it remains to be seen if it is discounted enough.

They will ship you two devices, and you plug in two place in your house, and then, house on fire, enjoy the warm Merry Christmas 

Cointerra announced prices for one of their units. 
http://thegenesisblock.com/cointerra-announces-2ths-asic-bitcoin-miner-for-15750/#!prettyPhoto

2 Th.s for $15,750  (~$8 per Gh) with delivery sometime in december. 

Um, according to the bitcoin mining dashboard, if you plug in on January 1st, you will NOT get a positive return on your investment.  So even their promise to deliver sometime "in december" is not a very good offer.

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.

Omg unofficial prices from a website, that are higher than anybody elses even though cointerra said they will be lower than everybody. What trolls you guys are. Wait for them to release their pricing and stfu, then you can freely troll.

Agreed on this point.  However even if KNC does ship in Oct if someone hasn't already ordered and did so today they would be lucky to get theirs by November. Even a small delay and it could easily be December.

So for those who ALREADY have a KNC order well there is absolutely no reason to cancel and buy one from Cointerra.  Those who don't already have a unit?  Neither look particularly attractive.
Now if KNC drops the price for future sales and gives a firm commitment for Nov delivery well that might be different.  It will be interesting to see how the different players try to maneuver around.  Only so much capacity can be sold before we hit break even on electrical cost so there is some strategy on how companies will handle sales.  You can keep your prices high but if another player sells units then the difficulty is going up regardless and your units just become even less attractive.  On the other hand since only so much capacity can be sold you don't want to cut margins to the bone.



Not sure on this point.  If units were shipping in volume with no/short backorders I would agree but I wonder how much hashing power has already been preordered?
500TH/s? 1 PH/s? 5 PH/s?

In other words lets pretend that every single unit people have paid for is delivered tomorrow.  What will the network hashrate be?  Ironically long delays to delivery are good for those selling ASICs and bad for those buying them because the committed but not yet deployed hashing power WILL eventually raise difficulty but it isn't visible in the current difficulty.  That makes units look cheaper than they already are.

yup. off to a bad start already.

PSA: Cointerria is over 2 hours late on their 48 hour deadline to update this thread with their new prices.  

Sorry to hear that it is too expensive.

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.

Haha, whilst any official stance remains firmly tight-lipped with respect to confirmation, this may well be a ruse as X-crowd release their pricepoint. Time will tell!

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

I have a feeling that their official announcement is not an appearance on the Genesis Block mining calculator; I'm also hoping that the price referenced there is not accurate...   

Anything official somewhere, directly from CoinTerra?

Buy LABCOIN instead!

They have their own chip already taped out and in production, their stock should go up once they get online and start hashing.

Stock in mining companies that have their own chips is probably the most realistic way to make money mining at this point.

If you're going to "invest" in a company so that it can get started, you might as well get actual equity, rather then pre-orders that may or may not make ROI.

I can't believe I sold most of my asicminer stock over the last few weeks in anticipation of this.

I guess I will try to buy it all back.

ouch..

I was waiting for prices of 500Gh/s and 1TH miners... so, maybe KNC at this time if not more info shortly.