TerraMiner IV, Worth it going forward?

Sythyn

hero member

Activity: 1082

Merit: 505

A Digital Universe with Endless Possibilities.

Quote from: jagminer2 on November 13, 2013, 03:23:19 PM

With Cointerra's 2 TH/S monster set to release in February (assuming on or almost on schedule) will this be the best play in the near future?

Even factoring a 500% increase in difficulty by mid-march 2014, you are still looking at $160 a day with Bitcoin at their current price in the $390 range.

It's clear to me that any lowly GH/S (even Avalon's) will be hopelessly obsolete if they aren't already.

Is this a viable option going forward? Yes, a lot of risk, but $3 GH/s can't be beat as far as I can see.

I'd appreciate useful feedback, and if anyone has any additional information on this, or about Cointerra & their reputation, warranty, replacement, customer service.

Thanks.

Wohoo, this is monster machine.... But the february pre-order is sold out Sad

Undefeatable

sr. member

Activity: 286

Merit: 250

Quote from: jagminer2 on November 13, 2013, 03:23:19 PM

With Cointerra's 2 TH/S monster set to release in February (assuming on or almost on schedule) will this be the best play in the near future?

Even factoring a 500% increase in difficulty by mid-march 2014, you are still looking at $160 a day with Bitcoin at their current price in the $390 range.

It's clear to me that any lowly GH/S (even Avalon's) will be hopelessly obsolete if they aren't already.

Is this a viable option going forward? Yes, a lot of risk, but $3 GH/s can't be beat as far as I can see.

I'd appreciate useful feedback, and if anyone has any additional information on this, or about Cointerra & their reputation, warranty, replacement, customer service.

Thanks.

the 2TH/s is really too good to be true, but if you assume 2 months delay then we are in big trouble...

mvidetto

sr. member

Activity: 462

Merit: 250

Quote from: Puppet on November 14, 2013, 02:52:11 AM

Sure, your miner will be profitable if:
- You are about the only one who thinks it will be profitable at those prices. If too many others think like you, they will order more miners and thereby reduce profitability until it no longer is profitable. Quite likely so many thought like you they have already ordered so many miners it will not be profitable for anyone.
AND
- Cointerra sees no reason to lower prices even if you are their only customer, despite the fact they have a >1000% gross margin, oddly they would rather sell nothing than sell at 500%

OR

- none of the asic vendors are able to meet market demand, thereby limiting supply and keeping difficulty artificially low, but for some reason, *you* are able to get your hands on your terraminer anyway, even when other people dont.

As for that 500% diff increase by March. Heh.

Historical Difficulty Increase
30 Day   170 %
60 Day   488 %
90 Day   906 %
http://mining.thegenesisblock.com/

That happened before Hashfast, Monarch, Cointerra, Bitmine, ActM, Black Arrow even shipped a single 28nm unit. And before next gens from Bitfury, Avalon and Asicminer.

Yeah, I think we're looking at increases slower than what we've seen but probably still ~50% a month which equals about 1000% by March.

cdog

hero member

Activity: 1036

Merit: 500

Huge gamble, difficulty will be well over 3m and everything has to go perfect in terms of shipping time and BTC price, not worth risking $6k IMO

Lets say they ship 6-8 weeks late and BTC drops back to $250-300? You have to take a nasty loss.

And if BTC is gonna go up to $1k? Just take that $6k and buy BTC now, its wayyyy more $ do the math

Puppet

legendary

Activity: 980

Merit: 1040

Sure, your miner will be profitable if:
- You are about the only one who thinks it will be profitable at those prices. If too many others think like you, they will order more miners and thereby reduce profitability until it no longer is profitable. Quite likely so many thought like you they have already ordered so many miners it will not be profitable for anyone.
AND
- Cointerra sees no reason to lower prices even if you are their only customer, despite the fact they have a >1000% gross margin, oddly they would rather sell nothing than sell at 500%

OR

- none of the asic vendors are able to meet market demand, thereby limiting supply and keeping difficulty artificially low, but for some reason, *you* are able to get your hands on your terraminer anyway, even when other people dont.

As for that 500% diff increase by March. Heh.

Historical Difficulty Increase
30 Day   170 %
60 Day   488 %
90 Day   906 %
http://mining.thegenesisblock.com/

That happened before Hashfast, Monarch, Cointerra, Bitmine, ActM, Black Arrow even shipped a single 28nm unit. And before next gens from Bitfury, Avalon and Asicminer.

Rannasha

hero member

Activity: 728

Merit: 500

Quote from: jagminer2 on November 13, 2013, 07:16:59 PM

Thanks, all of this input was exactly what I was looking for. It may be time to focus my attention towards litecoin, Is that taboo in these parts?

Not taboo, but not the subject of this forum either. Better forums are the Alternative Cryptocurrencies subforum over here or the Litecoin forum (forum.litecoin.net).

There are many miners that mine altcoins using GPUs rather than buying ASICs for Bitcoin mining, so your idea is far from uncommon.

jagminer2

newbie

Activity: 19

Merit: 0

Thanks, all of this input was exactly what I was looking for. It may be time to focus my attention towards litecoin, Is that taboo in these parts?

pand70

sr. member

Activity: 476

Merit: 250

Quote from: DeathAndTaxes on November 13, 2013, 05:58:53 PM

The math irony. 1.5^4 ~= 5.0

Still I think the long term hashrate growth will be more than 50% but your statement actually confirms the OP claim.

It 's no irony or coincidence obviously. It's what i calculated but it seems that i expressed myself poorly Tongue

I meant for the difficulty to be 5 times greater it takes only a 50% rise per month for the next 4 months. 50% per month is very low compared with what we are witnessing in the past few months.

Kenshin

sr. member

Activity: 280

Merit: 250

Quote from: rob2010svk on November 13, 2013, 05:55:49 PM

i dont think that BTC difficulty will go up just 50% per month... it will be at least 80% if not more... ASICs are doing grat job in that pump...

anyway im thinking about the same CoinTerra IV - BUT im not sure if the real delivery will be before february or so... every single day delay is cutting down profit and increasing payback time... thats the biggest issue there...

Also consider that they haven't actually ship anything to anyone yet. It is still in production. What if Cointerra closed down? You can only buy either via Bank Transfer or BitPay. There are no chargeback for either of these.

If you really want to mine, I will go with KnC Miner.

DeathAndTaxes

donator

Activity: 1218

Merit: 1079

Gerald Davis

Quote from: pand70 on November 13, 2013, 03:56:20 PM

Quote from: jagminer2 on November 13, 2013, 03:23:19 PM

Even factoring a 500% increase in difficulty by mid-march 2014, you are still looking at $160 a day with Bitcoin at their current price in the $390 range.

500% increase in 4 months looks quite low. It is around 50% per month.

The math irony. 1.5^4 ~= 5.0

Still I think the long term hashrate growth will be more than 50% but your statement actually confirms the OP claim.

rob2010svk

newbie

Activity: 4

Merit: 0

i dont think that BTC difficulty will go up just 50% per month... it will be at least 80% if not more... ASICs are doing `great` job in that diff pump...

anyway im thinking about the same CoinTerra IV - BUT im not sure if the real delivery will be before february or so... every single day delay is cutting down profit and increasing payback time... thats the biggest issue there...

pand70

sr. member

Activity: 476

Merit: 250

Quote from: jagminer2 on November 13, 2013, 03:23:19 PM

Even factoring a 500% increase in difficulty by mid-march 2014, you are still looking at $160 a day with Bitcoin at their current price in the $390 range.

500% increase in 4 months looks quite low. It is around 50% per month.

Kenshin

sr. member

Activity: 280

Merit: 250

It is up to you. I personally won't take this risk.

jagminer2

newbie

Activity: 19

Merit: 0

With Cointerra's 2 TH/S monster set to release in February (assuming on or almost on schedule) will this be the best play in the near future?

Even factoring a 500% increase in difficulty by mid-march 2014, you are still looking at $160 a day with Bitcoin at their current price in the $390 range.

It's clear to me that any lowly GH/S (even Avalon's) will be hopelessly obsolete if they aren't already.

Is this a viable option going forward? Yes, a lot of risk, but $3 GH/s can't be beat as far as I can see.

I'd appreciate useful feedback, and if anyone has any additional information on this, or about Cointerra & their reputation, warranty, replacement, customer service.

Thanks.

Topic: TerraMiner IV, Worth it going forward? (Read 2002 times)