WTF Cointerra - page 3. | Bitcointalksearch.org

ericdc30

newbie

Activity: 46

Merit: 0

Quote from: xstr8guy on November 16, 2013, 01:53:28 AM

Quote from: ericdc30 on November 16, 2013, 01:28:18 AM

Doesn't look good for Cointerra to pull a scam like that. If I had money invested in a rig I would take it out now!

Please people don't do mining preorders buy Bitcoins already! Start doing your math before getting into this preorder bs. When the time is right you can make money with hardware but now is not the time. Mining hardware progression will stabilize at 28nm you have plenty of time to buy into the next gen.

You don't have to do preorders to get a good return. Many of you will end up regretting this and perhaps some will actually get lucky and get your gear on time.

Anyway the bottom line is that it's a gamble and buying Bitcoins is a better gamble period.

Right! Buy Bitcoins at the height of the bubble. Good advice. Roll Eyes

It's not a bubble if that's what it costs to mine. But yes I agree the timing could be better.

Bicknellski

hero member

Activity: 924

Merit: 1000

Quote from: plasmoske on November 16, 2013, 01:59:58 AM

Quote

Right! Buy Bitcoins at the height of the bubble. Good advice. Roll Eyes

Said everyone when it was at $5$ $10$ $15 $20 $30 $50 $70 $100 $130 $150 $180 $200 ......... $300 $330 $350 $390 $400 $420 $440

Roll Eyes

Highlighted the prices I bought BTC at. Has worked for me so far. Bought at the last "bubble".

Bicknellski

hero member

Activity: 924

Merit: 1000

Quote from: ericdc30 on November 16, 2013, 01:39:12 AM

I would bet that BFL ships before Cointerra.

Mainly because BFL is dead as a company if they fail at delivering the Monarch roughly on schedule.

BFL timeline for Monarch is April at least 19 weeks if you add up all the things they have to do. They are roughly behind schedule as they said they would ship this year. They said tapeout would be August. They are already 3 months behind... can we now put BFL in the FAILED to deliver the Monarch on time category?

DPoS

sr. member

Activity: 462

Merit: 250

Quote from: testerx on November 16, 2013, 12:02:27 AM

Tier-3 compliant data center with 99.98% uptime guarantee.

more brochure bullshit to appeal to the greedy middle manager types... their target market all along

THEY WILL NEVER SHIP A MINER!!!!

plasmoske

sr. member

Activity: 308

Merit: 251

The realist

Quote

Right! Buy Bitcoins at the height of the bubble. Good advice. Roll Eyes

Said everyone when it was at $5$ $10$ $15 $20 $30 $50 $70 $100 $130 $150 $180 $200 ......... $300 $330 $350 $390 $400 $420 $440

Roll Eyes

xstr8guy

hero member

Activity: 784

Merit: 1004

Glow Stick Dance!

Quote from: ericdc30 on November 16, 2013, 01:28:18 AM

Doesn't look good for Cointerra to pull a scam like that. If I had money invested in a rig I would take it out now!

Please people don't do mining preorders buy Bitcoins already! Start doing your math before getting into this preorder bs. When the time is right you can make money with hardware but now is not the time. Mining hardware progression will stabilize at 28nm you have plenty of time to buy into the next gen.

You don't have to do preorders to get a good return. Many of you will end up regretting this and perhaps some will actually get lucky and get your gear on time.

Anyway the bottom line is that it's a gamble and buying Bitcoins is a better gamble period.

Right! Buy Bitcoins at the height of the bubble. Good advice. Roll Eyes

ericdc30

newbie

Activity: 46

Merit: 0

I would bet that BFL ships before Cointerra.

Mainly because BFL is dead as a company if they fail at delivering the Monarch roughly on schedule.

ericdc30

newbie

Activity: 46

Merit: 0

Doesn't look good for Cointerra to pull a scam like that. If I had money invested in a rig I would take it out now!

Please people don't do mining preorders buy Bitcoins already! Start doing your math before getting into this preorder bs. When the time is right you can make money with hardware but now is not the time. Mining hardware progression will stabilize at 28nm you have plenty of time to buy into the next gen.

You don't have to do preorders to get a good return. Many of you will end up regretting this and perhaps some will actually get lucky and get your gear on time.

Anyway the bottom line is that it's a gamble and buying Bitcoins is a better gamble period.

markjamrobin

sr. member

Activity: 462

Merit: 250

Quote from: Vagnavs on November 16, 2013, 01:11:46 AM

butterfly labs 2.0. If they can survive and deliver a product.

*butterfly labs 2.0. If they can survive and not deliver a product.

Vagnavs

legendary

Activity: 1121

Merit: 1003

butterfly labs 2.0. If they can survive and deliver a product.

AdamKD

member

Activity: 98

Merit: 10

Terms were changed (Note: Someone should do a side-by-side comparison on what's changed since 8/30/2013):

https://web.archive.org/web/20130830060359/http://cointerra.com/consumer-sales-agreement/
That's the 8/30/2013 archive.org copy of the website which recites:

Quote

"Warranties. CoinTerra warrants that its Product(s) will, at the time of shipment and for a period of ninety days thereafter, be free from defects in material and workmanship, be free of all liens and encumbrances, and will conform to CoinTerra’s approved specifications."

Current agreement on: http://cointerra.com/consumer-sales-agreement/

Quote

"Warranties. CoinTerra warrants that its Product(s) will, at the time of shipment and for a period of thirty (30) days thereafter, be free from defects in material and workmanship, be free of all liens and encumbrances, and will conform to CoinTerra’s approved specifications."

TL;DR: CoinTerra pulling a fast one.

SemiMolten

member

Activity: 86

Merit: 10

Never trust those asic mining manufacturers

kaerf

hero member

Activity: 631

Merit: 500

http://forum.cointerra.com/threads/do-you-offer-a-warranty.21/#post-41
they say 90 in the forum, but terms are 30 days in http://cointerra.com/consumer-sales-agreement/

Paladin69

hero member

Activity: 784

Merit: 1000

Bankruptcy filing incoming.

xstr8guy

hero member

Activity: 784

Merit: 1004

Glow Stick Dance!

Isn't it obvious? They ran out of money and aren't able to finish development... hence the blatant cash grab.

testerx

hero member

Activity: 608

Merit: 500

What's going on with your warranty? In the original terms and conditions we both agreed upon when I sent you tens of thousands of dollars it clearly stated that there was a 90 day warranty, but now it's suddenly 30 days. Not only that you're sending out e-mails offering to "double" the warranty to 60 days if we pay $3500 per unit for hosting.

Quote

CoinTerra’s partnership with TerraMine Hosting has enabled us to make a limited-time offer to apply the pre-paid shipping fees for your TerraMiner hardware against the cost of a 6 or 12 month hosting plan. This offer expires at midnight on November 22nd 2013.

Some of the benefits of hosting your TerraMiner with TerraMine Hosting include:

Tier-3 compliant data center with 99.98% uptime guarantee.

The warranty period on your TerraMiner is doubled from 30 to 60 days.

You've been CLEARLY stating that it's a 90 day warranty even on your own forums: http://forum.cointerra.com/threads/do-you-offer-a-warranty.21/ So why the hell am I suddenly being e-mailed an offer to pay you another $7000 to "double" my warranty to 60 days with hosting? There have been no e-mails whatsoever to existing customers that there's been a change in the length of warranty, but now you're e-mailing asking us to pay more money to get a 60 day warranty. WTF?!?

And why is there even a change in the warranty length?!? Was there some hardware issue that's causing less reliability than originally anticipated? You guys are being completely opaque and secretive about these changes and this is not how this is supposed to work. You guys are acting shadier than BFL with warranties here and not telling anybody about it. Your own forums still say it's 90 days so what the hell is going on?

Topic: WTF Cointerra - page 3. (Read 11650 times)