Here is my take on it guys.
Terrahash is legit, and just like KNCMiner, they want to deliver. The insane jumps in difficulty make it hard to pull the trigger on these boards, though, considering the low GH/$ ratio. I have a priority account, and up till about 3 weeks ago was all set to order once TH went live. Now, I am fighting internally, do I order or don't I...? it is something that has kept me up the last two nights. If I order now, I run a very high risk not seeing any ROI, if I wait for more refined tech I could miss the boat. The Jupiters and Saturn devices are very intriguing considering the GH/$, and if they can deliver in a reasonable time frame my wait and see approach will end up being the right decision. Time is counting down on these pre-orders... I have always felt that I need to trust my gut, and typically do, but this situation is much harder to discern. The question is, drop a ridiculous amount of money for 180GH now (works out to about 9k USD), or order a Saturn for $3800 (now knowing they are legit, thanks to Bitcoinorama)?
What does your gut tell you?
Topic: Off-Topic - page 240. (Read 384431 times)
T-minus 3.5 hrs
And still no proof chips have been ordered.
Which is why i am happy and sad also, what i am happy about is that i will pay with papyal. And they say they get chips mid july?, paypal has like 2 month time to dispute transactions? So if they turn out to be a scam we (i) can get our money back =)
Longer if you pay by credit card (check with issuing bank beforehand)
T-minus 3.5 hrs
And still no proof chips have been ordered.
Which is why i am happy and sad also, what i am happy about is that i will pay with papyal. And they say they get chips mid july?, paypal has like 2 month time to dispute transactions? So if they turn out to be a scam we (i) can get our money back =)
T-minus 3.5 hrs
And still no proof chips have been ordered.
T-minus 3.5 hrs
So has anyone stopped by TH for an in person visit yet?
i'm curious about this one too
As I've already said; If THash wants to fly me to sunny LA for a BitcoinOrama report, i'm happy to oblige. Weather in London is pants!
So has anyone stopped by TH for an in person visit yet?
i'm curious about this one too
So has anyone stopped by TH for an in person visit yet?
Will you be accepting chips from zefirs group buys?
full deposit today but 5% off for BTC orders
Terrahash:
Seems like there are still a lot of outstanding issues/questions:
Perhaps I can summarize them and you can answer them all in one message?
1. Are you providing heatsinks on the finished boards?
2. if not can you provide measurements for a heatsink that would cover 4 chips on the K16?
3. Are you still planning to start pre-orders tomorrow without a working prototype?
4. Are you still planning to provide a copy of your chip order today as you mentioned?
5. When do you expect to have a working protoype to show mining? K16 and K64?
Seems like there are still a lot of outstanding issues/questions:
Perhaps I can summarize them and you can answer them all in one message?
1. Are you providing heatsinks on the finished boards?
2. if not can you provide measurements for a heatsink that would cover 4 chips on the K16?
3. Are you still planning to start pre-orders tomorrow without a working prototype?
4. Are you still planning to provide a copy of your chip order today as you mentioned?
5. When do you expect to have a working protoype to show mining? K16 and K64?
1. Yes, the boards will come with heatsinks.
3. Yes.
4. Yes.
5. Within 2 weeks. K64 is nothing but 4 K16s on the same board, daisy chained together.
How's #4 coming along?
Regarding the boards they are taking orders on tomorrow, BKKCoin (who is writing the firmware) said this about Terrahash:
I'm not sure they realise over there that this isn't going to plug in and mine right now. A lot of the code is present but it's not debugged and it will require quite a bit of work still to get it working as expected, not to mention there is no driver yet for cgminer. So the best case initially is using the ktest program to feed test data and getting any result nonces back.
I've been working today on a kslog utility which takes sharelog data from cgminer and decodes the merkle and midstate data so that suitable test data that is known to give a nonce result can be fed in with ktest. Also, this data is used for the chip detection algorithm so it's needed for completing the firmware. kslog is written and works but I have no idea if I got the endian swaps right. It outputs python and C syntax data statements to use in ktest and the firmware.
#######
So if BKKCoin does not deliver the firmware and the driver, the hardware is a paperweight.
I'm not sure they realise over there that this isn't going to plug in and mine right now. A lot of the code is present but it's not debugged and it will require quite a bit of work still to get it working as expected, not to mention there is no driver yet for cgminer. So the best case initially is using the ktest program to feed test data and getting any result nonces back.
I've been working today on a kslog utility which takes sharelog data from cgminer and decodes the merkle and midstate data so that suitable test data that is known to give a nonce result can be fed in with ktest. Also, this data is used for the chip detection algorithm so it's needed for completing the firmware. kslog is written and works but I have no idea if I got the endian swaps right. It outputs python and C syntax data statements to use in ktest and the firmware.
#######
So if BKKCoin does not deliver the firmware and the driver, the hardware is a paperweight.
True, but I don't think any of the information above is unexpected. Terrahash has already offered to help BKKCoins write and test the firmware, and they appear to have an almost complete prototype board populated with Avalon test chips.
It's going to be another couple of weeks before Avalon ships the 10k chip order, so there is still time to get the prototype board hashing before the final chips arrive and bulk assembly can start.
Regarding the boards they are taking orders on tomorrow, BKKCoin (who is writing the firmware) said this about Terrahash:
I'm not sure they realise over there that this isn't going to plug in and mine right now. A lot of the code is present but it's not debugged and it will require quite a bit of work still to get it working as expected, not to mention there is no driver yet for cgminer. So the best case initially is using the ktest program to feed test data and getting any result nonces back.
I've been working today on a kslog utility which takes sharelog data from cgminer and decodes the merkle and midstate data so that suitable test data that is known to give a nonce result can be fed in with ktest. Also, this data is used for the chip detection algorithm so it's needed for completing the firmware. kslog is written and works but I have no idea if I got the endian swaps right. It outputs python and C syntax data statements to use in ktest and the firmware.
#######
So if BKKCoin does not deliver the firmware and the driver, the hardware is a paperweight.
I'm not sure they realise over there that this isn't going to plug in and mine right now. A lot of the code is present but it's not debugged and it will require quite a bit of work still to get it working as expected, not to mention there is no driver yet for cgminer. So the best case initially is using the ktest program to feed test data and getting any result nonces back.
I've been working today on a kslog utility which takes sharelog data from cgminer and decodes the merkle and midstate data so that suitable test data that is known to give a nonce result can be fed in with ktest. Also, this data is used for the chip detection algorithm so it's needed for completing the firmware. kslog is written and works but I have no idea if I got the endian swaps right. It outputs python and C syntax data statements to use in ktest and the firmware.
#######
So if BKKCoin does not deliver the firmware and the driver, the hardware is a paperweight.
Whats this about 5%? Is that how much deposit we need to put down?
Or is it full payment today?
Or is it full payment today?
They are priced exactly the same as BFL ($50 a GH) but they come without a power supply
The advance chips are pretty good evidence for at least one order in my book. But I'm just not convinced the ROI is there, especially with Bitfury and KnC looming and looking more legit. Considering the DX's, the hash/USD is worse than BFL. Timing will be critical, will have to get most of the ROI quickly and then grind out the rest as the difficulty continues jumping. In the end, we all vote with our wallets and bank accounts. If they don't get the orders they need, Terrahash will lower their prices.
I agree. How many people have received the sample chips? The fact that TerraHash has shown the sample chips is more than enough to prove that they have ordered the chips, and are one of the first to order. Those who want to wait for evidence are more than welcome to do so. They are the ones who are gonna lose out.
KnC looking more legit than TerraHash? You gotta be kidding me. Do they have an office? What's their address? Why are they hiding behind a website?
https://bitcointalksearch.org/topic/bitcoinorama-report-on-the-kncminerorsoc-open-day-mon-100613-stockholm-232852
Methinks you are mixing up companies.
So what's the BTC price exactly? You ship to europe(board only)?
Guys, a lot of these questions can be answered by simply reading the FAQ on Terrahash.com
They will ship to Europe, but customs is your responsibility, IE if it gets tied up, its on you. You need to know your nation's customs policies. (FWIW the power bricks have been an issue for people shipping internationally).
The BTC price is now pegged to the USD, so whatever the value of BTC/USD at the time of ordering is what you will owe.
Another important question I've not found the answer to yet...how do we split billing b/w paypal and BTC, or can a user have more than one order per account? Limits on purchases? Oh, and proof of Avalon chip order (which would be, again, absurdly easy to prove).
They also have the quite reasonable hosting option, instead of shipping it to you.
http://terrahash.com/hosting/
Quote
TerraHash will provide hosting service for TerraHash equipment. When you buy our products, we can host them locally for Bitcoin mining, instead of shipping them to you. We will charge a nominal fee for the service. The fee rate is give below. For the DX Large and Mini, we will put them in a temperature controlled environment. We will hook multiple DXs to a single host using USB hubs. The modular boards (both 4.5GH and 18GH) will be installed in enclosures with proper power supplies and cooling systems. These enclosures will be put in a temperature controlled environment too. We are in talks with a few datacenters in Santa Clara.
If you decide to host your TerraHash products with us, you can ask to have them shipped back to you anytime. We will provide free service/replacement for any defective parts of the equipment hosted with us.
Any Bitcoins mined from the hosted equipment will be divided according to the hash power owned by each individual, and deposited into their Bitcoin Address every 2-3 days.
The hosting charges are as follows:
4.5 GHash modular boards: $3.00 per month per board.
18 GHash modular boards: $10.00 per month per board.
TerraHash DX Mini: $30.00 per month/unit.
TerraHash DX Large: $50.00 per month/unit.
The charges for the modular boards are slightly higher because we have to arrange enclosures, power supplies and fans for them, whereas, the DX Mini and Large already come with these.
If you decide to host your TerraHash products with us, you can ask to have them shipped back to you anytime. We will provide free service/replacement for any defective parts of the equipment hosted with us.
Any Bitcoins mined from the hosted equipment will be divided according to the hash power owned by each individual, and deposited into their Bitcoin Address every 2-3 days.
The hosting charges are as follows:
4.5 GHash modular boards: $3.00 per month per board.
18 GHash modular boards: $10.00 per month per board.
TerraHash DX Mini: $30.00 per month/unit.
TerraHash DX Large: $50.00 per month/unit.
The charges for the modular boards are slightly higher because we have to arrange enclosures, power supplies and fans for them, whereas, the DX Mini and Large already come with these.
Is the K64 module board available for pre-order tommorrow morning as well? I understand K64 is just K16x4, but the pricing looks quite different as of right now:
1x K64 module w/o chip: $250
4x K16 module w/o chip: $90 x 4 = $360
Thanks.
1x K64 module w/o chip: $250
4x K16 module w/o chip: $90 x 4 = $360
Thanks.
anybody?
Yeah, it sounds like it will be available, I can think of no reason why it wouldn't be. They charge more to put together four boards for a user (or more likely for four users) than they would for one individual board (even if its four times bigger)...this is sort of a bulk discount for those who have more chips, also the per chip cost drops if you order from them directly and choose the K64 model. It makes sense financially for them, you are enticed to buy more from them, so they drop their margins a bit in order to reel in more revenues.
Is the K64 module board available for pre-order tommorrow morning as well? I understand K64 is just K16x4, but the pricing looks quite different as of right now:
1x K64 module w/o chip: $250
4x K16 module w/o chip: $90 x 4 = $360
Thanks.
1x K64 module w/o chip: $250
4x K16 module w/o chip: $90 x 4 = $360
Thanks.
anybody?
So what's the BTC price exactly? You ship to europe(board only)?
Guys, a lot of these questions can be answered by simply reading the FAQ on Terrahash.com
They will ship to Europe, but customs is your responsibility, IE if it gets tied up, its on you. You need to know your nation's customs policies. (FWIW the power bricks have been an issue for people shipping internationally).
The BTC price is now pegged to the USD, so whatever the value of BTC/USD at the time of ordering is what you will owe.
Another important question I've not found the answer to yet...how do we split billing b/w paypal and BTC, or can a user have more than one order per account? Limits on purchases? Oh, and proof of Avalon chip order (which would be, again, absurdly easy to prove).
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