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Topic: Cointerra TerraMiner Prices Released (updated) - page 7. (Read 10304 times)

newbie
Activity: 28
Merit: 0
Maybe they'll sell a percentage of the network hashrate on shipping day rather than a hashrate.

I know it won't happen, but it sure would remove the risk.

Say for $5000 you get 1/3600 of the total network hashrate, on the day they ship you the device.  So if today was shipping day you would get 150gh. That would be beautiful.

That is pretty innovative pricing actually... you pay $5000 up front and get Global hashrate / 3600.  If they are selling 3600 units you would get 1BTC per day (well... until the next retarget where you would get at most .5).  Not sure it reduces the risk (there is still the electrical cost of that hashrate being delivered), but at least the delivered hashrate would be tied to the global hashrate rather than fixed at some point in time. 

I think that part that makes it most unlikely is that the vendor wouldn't be able to plan precisely how many components to order, and I imagine just in time ordering of components can get expensive rather then ordering up front (i.e. pre-order).

Yeah, it wouldn't remove all the risk, and would probably increase the risk of the company going bankrupt.

It would give a company a lot of incentive to be on time, but it also wouldn't lead to a crazy drive for refunds and the slightest worry of a delay.

I imagine a company could almost charge a little more than they would otherwise, based on their own confidence in themselves.

It would make for very easy decisions for people, during such an uncertain time in the industry.
sr. member
Activity: 560
Merit: 250
I guess they are prepared to throw their whole lives away to scam some pre order money with paypal and credit cards. Screw the hundreds and millions of dollars I have already made at Samsung time to gamble it all.

Error. Someone who has made "hundreds of millions" of dollars does not need to get involved into fighting for Bitcoin scraps.

Hundreds and millions not hundred millions. Secondly bitcoin scraps? I guess you call $50, 000, 000 - $100, 000, 000 in sales scrapes, I guess to a billionaire like yourself those are scraps.
sr. member
Activity: 490
Merit: 255
Maybe they'll sell a percentage of the network hashrate on shipping day rather than a hashrate.

I know it won't happen, but it sure would remove the risk.

Say for $5000 you get 1/3600 of the total network hashrate, on the day they ship you the device.  So if today was shipping day you would get 150gh. That would be beautiful.

That is pretty innovative pricing actually... you pay $5000 up front and get Global hashrate / 3600.  If they are selling 3600 units you would get 1BTC per day (well... until the next retarget where you would get at most .5).  Not sure it reduces the risk (there is still the electrical cost of that hashrate being delivered), but at least the delivered hashrate would be tied to the global hashrate rather than fixed at some point in time. 

I think that part that makes it most unlikely is that the vendor wouldn't be able to plan precisely how many components to order, and I imagine just in time ordering of components can get expensive rather then ordering up front (i.e. pre-order).
newbie
Activity: 28
Merit: 0
Maybe they'll sell a percentage of the network hashrate on shipping day rather than a hashrate.

I know it won't happen, but it sure would remove the risk.

Say for $5000 you get 1/3600 of the total network hashrate, on the day they ship you the device.  So if today was shipping day you would get 150gh. That would be beautiful.
legendary
Activity: 1890
Merit: 1003
No one cares for your pre-order nonsense, come back when you have something in hand and ready to ship.

We have received hundreds of emails inquiring about our prices. So, some people seem to care. Therefore we are releasing the prices sooner than planned.

...and this has nothing to do with x-crowd, or hashfast also tying their hardest to lock people in all ironically at the exact same time, right now, for the exact same period of time, till January? Roll Eyes
Gee, I wonder what that is about?



See Link: https://bitcointalksearch.org/topic/m.2955644
member
Activity: 72
Merit: 10
time will tell...
legendary
Activity: 1652
Merit: 1067
Christian Antkow
Cointerra GoldStrike System prices will be released within 48 hours! Stay tuned!!

Spoiler-Alert: Nobody cares unless you have a working product.

Please take your pre-order scheme, and return whence you came until you have something to demonstrate.
legendary
Activity: 1036
Merit: 1001
/dev/null
haha another free loan for ASIC company? without videos and working prototype? pre-order...really? no thanks
full member
Activity: 173
Merit: 100
I guess they are prepared to throw their whole lives away to scam some pre order money with paypal and credit cards. Screw the hundreds and millions of dollars I have already made at Samsung time to gamble it all.

Error. Someone who has made "hundreds of millions" of dollars does not need to get involved into fighting for Bitcoin scraps.
sr. member
Activity: 280
Merit: 250
Now we have BFL pricing for the 600GH PCIe card, it's yet to be seen if they ever deliver those but atleast it's a bit more competiton. I just hope that this team blows the competitors off the table.
full member
Activity: 238
Merit: 100
Hashfast sucks their prices are high they only accept Bitcoin, they are the worst of the bunch.

You didn't see BFL's "announcement"? Grin
sr. member
Activity: 560
Merit: 250
Well even though bfl and avalon screwed everyone over, at least they taught us all the valuable lesson of not trusting any frickin preorder bull

The only way to get real roi at this point is to invest if and when a product that is cheap and efficient comes out that will allow refunds and limited returns

The problem is these ASIC companies have us by the balls in a sense - if they pay for everything without taking pre-orders, they can either mine with them themselves or charge what they think they'd make in 6mo, 3mo or whatever.

If they can't afford to pay for everything they can take pre orders, but, if they do that they have every incentive to make as much money as possible up front without concern for user ROI. That means selling at the current difficulty and taking enough pre-orders to render all their users out of money.

HashFast started off on the wrong foot, IMO but they're doing a little better with their miner protection plan, and their claim to open their order books so we can see how many they've already sold (since every sale decreases the value of all of their products)

The basic problem is information asymmetry. It's like playing a game of poker where the other player can see your cards but you can't see theirs, except hopefully it's a positive sum game and you can both "win".  But, with the difficulty increasing like this, who knows.

Anyway, it'll be interesting to see cointerra's prices.

Hashfast sucks their prices are high they only accept Bitcoin, they are the worst of the bunch.
legendary
Activity: 1593
Merit: 1004
Is anyone from CoinTerra going to the Austin Bitcoin meet up at 5PM today? http://www.meetup.com/BitcoinCryptocurrency/Austin-TX/

I was hoping to meet you guys and ask a few questions.

If so, other forum members- feel free to suggest questions you'd like answered.

Not going today, but surely can meet next weekend. Send an email to [email protected]

Another Pre-Order by someone who just joined the forum. Really?

I guess you decided to immediately reply and not even type Cointerra into google? http://www.cointerra.com/
Click on the team profile and educate yourself a little. If KNC takes pre orders with guys running an IT firm, I feel much more confident in a guy who was lead CPU Architect for Samsung who sells more phones than Apple.

We're all smart. We are not all honest.

I guess they are prepared to throw their whole lives away to scam some pre order money with paypal and credit cards. Screw the hundreds and millions of dollars I have already made at Samsung time to gamble it all.

Make friends easy?
full member
Activity: 238
Merit: 100
Well even though bfl and avalon screwed everyone over, at least they taught us all the valuable lesson of not trusting any frickin preorder bull

The only way to get real roi at this point is to invest if and when a product that is cheap and efficient comes out that will allow refunds and limited returns

The problem is these ASIC companies have us by the balls in a sense - if they pay for everything without taking pre-orders, they can either mine with them themselves or charge what they think they'd make in 6mo, 3mo or whatever.

If they can't afford to pay for everything they can take pre orders, but, if they do that they have every incentive to make as much money as possible up front without concern for user ROI. That means selling at the current difficulty and taking enough pre-orders to render all their users out of money.

HashFast started off on the wrong foot, IMO but they're doing a little better with their miner protection plan, and their claim to open their order books so we can see how many they've already sold (since every sale decreases the value of all of their products)

The basic problem is information asymmetry. It's like playing a game of poker where the other player can see your cards but you can't see theirs, except hopefully it's a positive sum game and you can both "win".  But, with the difficulty increasing like this, who knows.

Anyway, it'll be interesting to see cointerra's prices.
sr. member
Activity: 560
Merit: 250
Is anyone from CoinTerra going to the Austin Bitcoin meet up at 5PM today? http://www.meetup.com/BitcoinCryptocurrency/Austin-TX/

I was hoping to meet you guys and ask a few questions.

If so, other forum members- feel free to suggest questions you'd like answered.

Not going today, but surely can meet next weekend. Send an email to [email protected]

Another Pre-Order by someone who just joined the forum. Really?

I guess you decided to immediately reply and not even type Cointerra into google? http://www.cointerra.com/
Click on the team profile and educate yourself a little. If KNC takes pre orders with guys running an IT firm, I feel much more confident in a guy who was lead CPU Architect for Samsung who sells more phones than Apple.

We're all smart. We are not all honest.

I guess they are prepared to throw their whole lives away to scam some pre order money with paypal and credit cards. Screw the hundreds and millions of dollars I have already made at Samsung time to gamble it all.
legendary
Activity: 1593
Merit: 1004
Is anyone from CoinTerra going to the Austin Bitcoin meet up at 5PM today? http://www.meetup.com/BitcoinCryptocurrency/Austin-TX/

I was hoping to meet you guys and ask a few questions.

If so, other forum members- feel free to suggest questions you'd like answered.

Not going today, but surely can meet next weekend. Send an email to [email protected]

Another Pre-Order by someone who just joined the forum. Really?

I guess you decided to immediately reply and not even type Cointerra into google? http://www.cointerra.com/
Click on the team profile and educate yourself a little. If KNC takes pre orders with guys running an IT firm, I feel much more confident in a guy who was lead CPU Architect for Samsung who sells more phones than Apple.

We're all smart. We are not all honest.
sr. member
Activity: 280
Merit: 250
Hell?
lol, sorry i get angry very quickly!
sr. member
Activity: 560
Merit: 250
What's your problem with him/her? They can post whatever in here, that is called Freedom of Speech. You don't liked to read their posts, please ignore them and don't read them. Too many immature kids posting in here. No patient and using those 4 letters word, good grieve, get a life.



shove your free speech up your ass american moron.

I guess you come from a communist totalitarian country? lmao screw free speech I love having no freedoms!!
sr. member
Activity: 280
Merit: 250
Hell?
What's your problem with him/her? They can post whatever in here, that is called Freedom of Speech. You don't liked to read their posts, please ignore them and don't read them. Too many immature kids posting in here. No patient and using those 4 letters word, good grieve, get a life.



shove your free speech up your ass american moron.
sr. member
Activity: 560
Merit: 250
Is anyone from CoinTerra going to the Austin Bitcoin meet up at 5PM today? http://www.meetup.com/BitcoinCryptocurrency/Austin-TX/

I was hoping to meet you guys and ask a few questions.

If so, other forum members- feel free to suggest questions you'd like answered.

Not going today, but surely can meet next weekend. Send an email to [email protected]

Another Pre-Order by someone who just joined the forum. Really?

I guess you decided to immediately reply and not even type Cointerra into google? http://www.cointerra.com/
Click on the team profile and educate yourself a little. If KNC takes pre orders with guys running an IT firm, I feel much more confident in a guy who was lead CPU Architect for Samsung who sells more phones than Apple.
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