Bitcoin Forum

Hello Bitcoin Mining Enthusiasts,

It is our goal at CoinTerra to provide the best customer experience to the Bitcoin community. We understand that trust and credibility go a long way, which is why we are proud to announce that as of today, we are now accepting PayPal and credit cards for all orders.

Please visit cointerra.com/shop (http://cointerra.com/shop) to see our newly announced 1TH TerraMiner II and the 2TH TerraMiner IV from our January batch.

We look forward to your business and if you have any questions, please get in touch with us.

You can reach us by phone at 512-270-6050 or at info@cointerra.com.

Best Regards,
CoinTerra Team

Good news, but are you now guaranteeing delivery in 20 days?

https://www.paypal.com/us/webapps/helpcenter/article/?solutionId=39067&topicID=11500005&m=TCI

I don't think they are....and that means people can do a chargeback for just about any reason.

to be honest

if cointerra delivers what they promised and when they promised it's kind of sad how the whole asic bticoin world developed with the shittiest companies being able to commandeer higher prices for shitty products. best companies showing up later to the game :(

I agree...


KNC wasn't delivering withing 20 days https://www.kncminer.com/pages/payment
We all know BLF probably never will deliver within 20 days http://butterflylabs.com/

TBH, I'm rather annoyed at the idea of bringing another 2PH online so quickly.  Only customer orders should come online.  Not 2PH no matter what.  It is kind of rude to the community.

Tired of having money tied up in pre-orders.

The sad thing is that the January 2TH unit will never *really* ROI based on the hashing power CoinTerra says they will put on the network.  Yet people should feel comfy because they can find other methods to throw money into this pit.

Cheers! :D

"Never"? Why do you say never? Doesn't that calculation rely heavily on the bitcoin exchange rate at that time and the $/kwhr you pay?

Exchange rate is irrelevant, if you need an exchange rate increase to make a profit you would have been better off buying and holding coins.

Yeah, that's interesting actually. If they ship on time as much as they plan, the January 2TH won't make any money. If they don't ship on time you won't get your 2TH unit.

I'd like to see the math, though, as I haven't done the calculations myself.

Best situation for everyone is actually if they are delayed. That way all the KNC, HashFast, and Bitfury customers have time to mine a little first.

yes it is in a miners best interest that the horse they bet on is the only one crossing the finishing line for weeks and if you are very lucky months ahead of the others. I feel the premium asked by manufacturers capable of early 2013 autumn delivery is well worth the premiums.

2014 will be total Dog eat Dog arms escalations

http://www.virtualminingcorp.com/

has better prices for the hash-rates...

and will ship earlier than CoinTerra

just sayin'

tbh, i dont think any mining equipment gear is profitable any longer from any manufacturer. the daily pool is too small and unless the xchange price rises a lot than every single miner will be better off buying coins today off the exchange.

Like I've always said - right now isn't the time to get into mining. 12 to 18 months ago was a good time... Right now I wouldn't be buying anything from oem. But my BFL SCs were already roi'd before I ever get them. I spent 3k on bfl fpga stuff a year and a half ago, and used some of the profits to pay for upgrades.

cointerra have the lower price but late shipment, its make buyer hard to decide how to choose..

Today I was going to buy 2 miners from your company, and discovered that you no longer accepts Credit Card or Paypal!!

Dragonkid,

Due to circumstances outside of our control, we have been forced to suspend accepting payments through PayPal.

I apologize for any inconvenience this is causing you, but we are working on getting an alternate credit card processor as soon as possible.

We are still accepting BitCoin and wire transfer, and since the availability is limited, we encourage our customers to secure payment through one of these methods to ensure your place in queue.

Regards,
CoinTerra Support

Hi,

did Paypal reference the situation with BFL when explaining their suspension?

After the BFL, Terrahash, and Avalon debacles, I would strongly encourage folks to only pre-order using credit card and/or paypal because they offer buyers recourse in case of late or non delivery. There is nothing at all secure about paying by BTC or wire transfer.

That doesn't explain why KnCMiner still accept Paypal and Credit Card payment.

I am not going to buy unless there is either paypal or credit card. As you have said, it is not wise to pre-order using Bitcoin or Bank Transfer.

Cointerra Support when will your company be accepting credit card again? How long are we talking about when you said as soon as possible? How many days time? Weeks? Months?

Then screw you guys. The point of having Paypal or CC payment is so if you guys screw up and delay shipment for a month. We can cancel the order any time.

Otherwise PRICE your equipment accordingly if you want ppl to take such huge risk for little to no reward (break-even point). You guys know damn well 2PH to the network would mean ONLY you can profit from selling equipment.

No CC , No Paypal ???

Cointerra...

http://media.giphy.com/media/zUnXHjFAoF6CY/giphy.gif

Blame banksters dood.

Bitfury US is also having a hell of a time getting banksters to help them accept cc payments. Banksters don't like bitcoin.

BS, KnC offer both Paypal and now have the largest bank in Skandanavia, SEB offering them a merchant account. It's to do with accountability and what the third parties request from you to provide.

Exactly !

I was interested in some Cointerra gears...
But this "reversal"...not so much now...

I'm going to put some more money for KNCminer.

Sorry Cointerra.


ps: With Avalon and BFL fiasco ...we learn a lot...

You're getting ignored for this one....you guys are brazen and shamelss with your plugs.

yes that is BS. If you're confident on your product and delivery time. You shouldn't have to worry about chargebacks. You may need to get a higher risk merchant account. But you can definitely get a merchant account and take credit cards. It all comes down to, how confident are you on your delivery date and product?

regards,
Brian

How way awesome for knc. Probably help them to sell even more second rate FPGA to ASIC copies. Bitfury US is just lying then? I mean unlike knc they actually have a product to sell, but aren't processing cc orders...because...bitcoin I presume? Paypal? When did knc start taking pre-orders? What's PPs policy on pre-order time to delivery again? Do you even think before you pump knc in multiple threads?

Stupid shill. Get your nose out of knc's ass for 5mins.

Bitfury found a credit card processor that will work with bitcoin companies. Doesn't appear PayPal wants to any longer though.

In the interest of fairness and accuracy you should change the title of the thread and edit the OP to reflect the fact you are currently not able to accept those payment methods.

Exactly, you should change it to CointTerra no longer accepts Credit Card or PayPal!!

Also do the same for your Twitter and Facebook accounts, too.

  I am too later for one or two miners and no more PP or CC.

What's your freakin' problem?! Doesn't one of Bitfury's distributors accept card payments? I was sure they did, this guy claims to; http://www.minersource.net/bitfury-drillbit-system/4579443198  

Black Arrow certainly does.

I actually wrote a message complimenting an supporting Cointerra in assuming accountability for their product promises and timeline by using Paypal only yesterday. Does that make me a Cointerra shill? I've always supported Bitfury. Does that make me a Bitfury shill?! Then later I saw this thread. Get over yourself you bitter fool, and if you have actual proof of me being a shill PM me some. As far as i'm aware I've never told anyone to buy anything, I've only shared facts reasoned with evidence and told people to do their own research and pay for pre-order items with secured payment methods.

Where have I claimed Bitfury is lying? The guy I ws replying to was claiming the reason for the lack of Paypal is 'banksters', when clearly that's not the case when there is a valid company selling Bitcoin hardware both with Paypal and direct Credit Card payment with a merchant account at a well known institution.

There's a lot less risk with Bitfury's products to hand, perhaps in Bitfury's case Paypal aren't comfortable with Russia, but then I was under the impression Paypal aren't comfortable with China, yet Black Arrow appears to have managed. Clearly you're just a loser that's never read anything I post correctly, and jumps to unsubstantiated conclusions.

I just want people to have a fair and safe purchase experience from a continuous source of unknowns, many who have scammed people on this forum. Why is that so hard to understand? I do not believe Cointerra are intent on scamming. I do however believe Hashfast are being deliberately dishonest with respect to delivery and specs, as they have removed all accountability and liability from their terms that they update frequesntly after sales have taken place. They now have just added a new severability term in their terms of sale (No.20 that states they can do whatever they want, when they want, change terms without any prior consultation or contact with their customers at will, removing any protection their buyers have). I also feel Cointerra are claiming best case simulated specs, and that makes me question why they have stopped accepting Paypal now. Why should I be persecuted for wanting people and their funds to be treated with respect? Why should I be persecuted for trying to forewarn and educate people as to how to safely purchase pre-order goods?

I second the request to change the title. Actually it states the very opposite.
Should it be reported to the mods?

Sorry CoinTerra, nothing against you, but we are seeing too many false promises in the ASICs  era.

Holy sh1t man, aren't you the same stupid shill that attacked cyphershill for abusing cc chargebacks? https://bitcointalk.org/index.php?topic=270363.0 Did someone hack your shill account? This abuse goes on constantly. Search bfl threads for people placing orders using pp that they're 99% certain won't be delivered within the 45 day window. They just treat it like a call option, chargeback, and re-up after 40 days. Is it any wonder at all that new BTC OEMs are having difficulty getting pp merchant accounts with people pulling this crap? Just because your precious knc was able to get a cc underwriter doesn't make everything sunshine and rainbows for everyone else trying to do the same anywhere on the globe. How many serious vendors do you think there are in Sweden anyway?

So someone resells a pre-order for barntech's diy board based on bitfury chips and you equate that to a "Bitfury distributors accept card payments"?!? https://bitcointalk.org/index.php?topic=266235.0

Get a clue. You don't even know what you're blathering about.

Ignored.

No, read again smart ass, I said weren't one of Bitfury's distributors offering Paypal, as a couple of months back they were. The link I gave was not an official distributor of Bitfury, as you have just acknowledged above. You can't have it both ways. Shame you don't read the text, you might even stand a chance of demonstrating knowledge, but alas like most people that get burnt on the forum, you do no research for yourself of any merit and continue to make poor assumptions to fit your real motive.

Again, I have only ever reasoned arguments with valid research and told people to follow through with their own to confirm for themselves, and both advised and informed them as to how to securely pre-order. That's not being a shill, by any definition.

This may be what he is thinking of:

https://bitcointalk.org/index.php?topic=251966.msg3179187#msg3179187

They are the official USA distributor for BitFury and have finally located a bitcoin-friendly credit card processing option (again, they used to take credit card orders early on I think).

Don't really care what he's thinking in his knc rainbow addled brain. I've had an order in with Dave Carlson's outfit(bitfury US) since 8/8. I followed their guidelines for requesting manual cc payment processing and have yet to be contacted to pay for my order. They've had problems getting banks to help them.

Maybe it is the reason:

Already reported to mods for a title change.

Ty PuertoLibre.
I also will report it if the title still remains the same.

Edit:
I just noticed that title has changed.

I just hope they will have cc back soon. And that they will let us know when that happens again. I am sick of checking their website everyday to see if they accept cc.  :-\

No more PayPal payments for pre-orders: