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Topic: [PicoStocks] CoinTerra [coint] (Read 5949 times)

sr. member
Activity: 476
Merit: 262
EOSABC
August 01, 2014, 05:31:52 AM
#37
any estimated date when we will receive any dividends from cointerra assets?
what is going on there?
...real world IPO

Real world IPO gives real stock and dividends from it, and they should pay it out to investors at least once per year.
hero member
Activity: 631
Merit: 500
July 31, 2014, 01:41:52 PM
#36
any estimated date when we will receive any dividends from cointerra assets?
what is going on there?

There are NO expectation of dividends with this cryptostock (as stated to me by tytus in an email). It's day trading, real world IPO or bust.

...or there might be another buyout offer.
sr. member
Activity: 476
Merit: 262
EOSABC
July 31, 2014, 07:07:00 AM
#35
any estimated date when we will receive any dividends from cointerra assets?
what is going on there?

+1

Especially now: http://www.coindesk.com/cointerra-acquires-bitcoin-software-developer-bits-proof/
hero member
Activity: 746
Merit: 502
Looking for advertising deal
April 20, 2014, 05:39:30 AM
#34
any estimated date when we will receive any dividends from cointerra assets?
what is going on there?
sr. member
Activity: 264
Merit: 252
alt coins trader/miner.
March 05, 2014, 12:17:07 PM
#33
Guys be ware

tytus
this guy a totally ripper

he fucked me for 1000$

have all logs and facts

where can i do blacklist for this ripper ?
member
Activity: 96
Merit: 10
February 05, 2014, 01:42:46 PM
#32
New report:
https://picostocks.com/docs/index/31
Get ready to loss almost 75% BTC Wink


At first I thought it's really bad news, but after cooling down this buyback offer indicates that Cointerra is doing very good. They are selling their preorders continuously, have a finished product and started shipping.

Ironically the fast spiking BTC/USD exchange rate is to be blamed.

Cointerra issued private stocks to angel investors like picostocks and we bought them for BTC and they had to exchange those bitcoins for USD to finish the tapeout and produce miners.
Cointerra customers paid for those miners also in USD so even the company has not profited from the BTC value rise they wanted to buy buck issued shares at 200% share value. If the BTC value hasn't risen so much in this short time span the share price would have been doubled by now.



Disclaimer: i have cointerra shares worth 1 BTC
hero member
Activity: 631
Merit: 500
January 15, 2014, 11:16:35 PM
#31
Is the buy out offer from cointerra themselves?
legendary
Activity: 1029
Merit: 1000
January 15, 2014, 09:21:46 AM
#30
New report:
https://picostocks.com/docs/index/31
Get ready to loss almost 75% BTC Wink
newbie
Activity: 42
Merit: 0
January 15, 2014, 08:31:44 AM
#29
TL;DR:
No point in providing "sufficient information" if people are willing to bid anyway - that's just extra work.
Bejesus. This deserves preservation for the inevitable Museum of BTC Idiocy.
Amazing company?
  AMAZING COMPANY!

hero member
Activity: 756
Merit: 522
January 15, 2014, 08:14:03 AM
#28
PicoStocks has received on offer to buy shares at a price of $2.35 per share. This is an excellent profit for the investment when accounted in USD. Shares where purchased 3 months ago at a price of $1.2176 per share. However this is a loss if accounted in BTC due to the rising BTC valuation against USD.

PicoStocks offers to buy back the shares from users at 0.0028 BTC per share. The buy order has been placed. All shares sold to Pico (1MrS3zrk3CYyckxZU9UXBop2TMASnFm6yD) will be delisted. Shares not sold to Pico will stay on the PicoStocks platform.

Oh look, more idiots dealing with the scam exchanges are "making ROI and then some" as the expression goes. Well done, schmucks!
hero member
Activity: 631
Merit: 500
hero member
Activity: 631
Merit: 500
legendary
Activity: 2156
Merit: 1072
Crypto is the separation of Power and State.
October 28, 2013, 12:52:48 PM
#25
wait

No point in waiting now.

Unless Cointerra completed taped-out earlier this month (and didn't tell us), their chips won't be done until January, which means the machines wont' ship until February.

They probably put the chip into physical simulation, realized it didn't come close to their wishful thinking/ballpark estimate specs, and literally had to go back to the drawing board.
full member
Activity: 229
Merit: 100
October 28, 2013, 09:02:47 AM
#24
wait
member
Activity: 96
Merit: 10
October 28, 2013, 08:15:55 AM
#23
I'm pretty sure CoinTerra is in financial trouble. Have they taped out yet? Last I heard, a couple days ago, they still had not. Rumors abound that they have a $5M NRE that they're still trying to pay. Collecting money like this seems quite desperate, and I'm fairly certain that is why this looks so slapped together.

It's "plan B" AKA "Oh shit..."

IMO the three most likely scenarios are

1.  Cointerra is scrambling to raise the rest of the $5,000,000 NRE by making insane promises to greedy cretins.

2.  Cointerra is scrambling to raise money to pay for fixing their botched mock tape-out (good RTL is very expensive).

3.  Both 1 and 2.

4. None of the 2 + I'm a troll/FUDster who doesn't understand what ethic and fair competition means


FTFY
full member
Activity: 168
Merit: 100
HashFast Community Liaison
October 22, 2013, 09:08:09 PM
#22
I'm pretty sure CoinTerra is in financial trouble. Have they taped out yet? Last I heard, a couple days ago, they still had not. Rumors abound that they have a $5M NRE that they're still trying to pay. Collecting money like this seems quite desperate, and I'm fairly certain that is why this looks so slapped together.

It's "plan B" AKA "Oh shit..."

IMO the three most likely scenarios are

1.  Cointerra is scrambling to raise the rest of the $5,000,000 NRE by making insane promises to greedy cretins.

2.  Cointerra is scrambling to raise money to pay for fixing their botched mock tape-out (good RTL is very expensive).

3.  Both 1 and 2.
hero member
Activity: 532
Merit: 500
https://karatcoin.co
October 22, 2013, 08:27:08 PM
#21
I'm pretty sure CoinTerra is in financial trouble. Have they taped out yet? Last I heard, a couple days ago, they still had not. Rumors abound that they have a $5M NRE that they're still trying to pay. Collecting money like this seems quite desperate, and I'm fairly certain that is why this looks so slapped together.

It's "plan B" AKA "Oh shit..."
hero member
Activity: 631
Merit: 500
October 22, 2013, 08:14:33 PM
#20

We believe that the best companies in the industry can do is be transparent to the customers and this is something we intend to be.

https://picostocks.com/businessplan/31

 Huh

We will be communicating more information on the Picostocks listing. In short I can say that the Picostocks listing is not CoinTerra as a corporate entity selling shares but rather Picostocks as a company investing in CoinTerra and selling a form of pass-through ownership. We have a conversation open with Picostocks and will be making a clarifying statement regarding this.

I'd like to see cointerra's input on this.

Of course no one in the ASIC industry can make any guarantees when it comes to ROI times etc. However, looking at diff increases historically and the ROI of CPU/GPU and first gen ASIC we foresee that our miners will indeed have quite a long time of very healthy ROI on arrival.

The basis for this is not primarily diff increase speculation but the fact that diff as a function follows the general rule that people will mine until their miners simply are not profitable any longer. We can see this in the plateau in the technological shifts so far and there really is no reason to expect a different behavior with Gen 2 ASIC. Meaning that when 28nm in this case becomes the 'standard' for Bitcoin mining, both GPU (already happened to a large extent) and Gen 1 ASIC will be forced off the network as a result of no longer being profitable.

What we expect here is that the dominant technology will be the best Gen 2 ASIC from a hash-rate/power consumed standpoint, and until Gen 3 ASIC hits the market these miners will provide ROI.

As CoinTerra produces ASIC with what is currently slated to be the most profitable hash-rate/power consumption calculation, we are confident that our miners will provide ample ROI as the leading technology for mining Bitcoin quickly and with low power consumption.

Sorry for the wall of text.

The CoinTerra Team



The problem is.... you see.... your customers will be COMPETING with YOU/YOUR TEAM in mining as well (so being the most efficient hardware is pointless) Guess who will have the upper hand?

If anyone here dont see this, they deserve to lose their bet.

We are not planning on setting up any form of mining operation before we deliver hardware to our customers. We also plan on offer very competitive hosting solutions allowing our customers to push our miners ROI as far as possible.

The CoinTerra Team

I never said you will have mining operation b4 shipping. As long as you have plan for a mining operation during shipping or even afterward, you will be competing with your customer. So your estimated ROI for your customer is MOOT.

Its also a conflict of interest.

Either you're purely operating as a hardware vendor for general public or you're not....(cant be producing hardware for your own mining operation or any private mining). Its very tempting because you can:
1. Fund your mining operation thro sales from your customers (oversold your products)
2. Having private deal with mining corps (oversold again)

Your customer got shafted either way.


Thank you for your input, and to clarify:

We do not have any set plans on running an in-house mining operation.

Our priority is and have always been to deliver the fastest and most effective Bitcoin mining hardware to our customers. I absolutely understand the logic behind your argument as this has been a subject of contention in the ASIC industry ever since the beginning, even in regards to burn-in testing on the test-net or on the live Bitcoin network etc.

We believe that the best companies in the industry can do is be transparent to the customers and this is something we intend to be.


Does Cointerra intend to pay dividends to investors from sales profits? At what intervals would those dividends be distributed?
legendary
Activity: 2912
Merit: 2066
Cashback 15%
October 18, 2013, 07:12:08 AM
#19
... Future Cointerra hashrate?
I think this. But nobody heard that cointerra want to mine. And posses 30% of network.

Assuming the (now removed) earlier business plan was legit, this might very well have been one of their initial goals. Remember, Cointerra didn't enter the scene until quite a while after they collected investment money from the likes of Picostocks. However the question is - where do they stand now?
legendary
Activity: 1029
Merit: 1000
October 18, 2013, 07:03:53 AM
#18
... Future Cointerra hashrate?
I think this. But nobody heard that cointerra want to mine. And posses 30% of network.

[Conspiracy theory mode on]

Sales of bitfury chips will go down very soon. Tytus will still produce boards and sale them to that "cointerra" mine. Since he managed to sell only 362k shares from 16M that's equals to 0.75% of total network hashrate. He may easily maitain that percent taking 50% of profits (that was in bussiness plan income 25M expenses 11M). This way he may sell chips (that will become obsolete technology in next two months) for few years. Clever?

[Conspiracy theory mode off]
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