This is starting to look like BFL!
Has any recently asked for and receive a refund from PayPal?
yes a couple did and got it back pretty quick they said,,,its somewhere posted in here, but recently others have said they have requested a pp refund,,but wasn't happening as quick or at all? read through the post if ya like,,,lol, there is a few comments on pp refunds thus far... hoping I don't feel inclined to go that route?...but we sure need a sincere and honest update on all the above" from TH |
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I've been following this out of curiosity. The thing that never sat right about this whole thing is the case design. As someone who is working on my own case for my personal project I know about the subject. There is not nearly enough room for heatsinks, airflow, and most importantly cords/cables in the TerraHash case. The edge connectors on those boards don't have enough room to socket either. The non-functional case design and low price brings the whole thing into question for me. Im not sure if this has been addressed before here.
Thats a hard one to say? their design appears to allow some room under the fan mounting for cabling and daisy chaining the boards etc...but could be tight....Im sure they must have taken that into consideration in the initial design ? and the heat sinks appear to flow one direction...but thats just based on what we can see, so will be interesting to see. I plan to build out my own case from ATX mid tower cases...(with mods) or at least thats the plan right now...lol |
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If KnC is able to deliver in Sept/Oct timeframe, given their much less expensive per GH pricepoint, it might be a toss-up for ROI compared to TH machine delivered in August.
if you thought they would deliver by september you would have ordered through knc. I plan on taking any profits that i make on terrahash to do just that though Well if TH comes through for us, I plan to order more soon from TH, However KNC is weighing heavy on my mind right now, but not ready to throw in the towel on TH. I like the chips KNC will be using etc etc...still waiting to see how they do, and if they can deliver the goods as promised also... EDIT: Just saw where they added the Mercury Asic 100g/hash for $1995.00 very attractive  considering I am spending a lot more than that here for less than half that hashing power,,,hmmmm? (and comes with the case and all!) and who knows may would arrive sooner? |
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I am not a terrahash defender, and i have had two conversations with terrahash via phone and 2 via email.
from what i can tell, they are just a small company trying to get things done with little resources. So they dont have the energy to deal with there costumers, which I must say makes me nervous because i have money invested, and i dont like high risk.
What i like about terrahash is the same thing that made you all buy in, they offered us a service faster and cheaper than anyone else promised.
yes there are people posting that they can make you boards for similar prices, but they are still taking orders for chips that have not been ordered yet.
terrahash had chips ordered, they said they had the ability to create k16's once the chips got there, and they said they would host those boards at a fair price.
so all of us chose terrahash because it gave us the chance to get into the avalon chip race without too much effort or know how.
If you wanted a large multimillion dollar business to build you ready to mine units in a pretty package you could have gone with bfl or knc, but if you had orderred on june 18th your delivery date would have been september at the earliest
you could have built your own k16, but wait. You have no chips, and would have to either save up 70000 dollars, or join a group buy, which would have to be shipped twice, and then sent to a manufacturer..... september deliver at best
So all of us here took the middle road hoping it would pan out...
To Terrahash, If you are trying your best to meet your goals, please take all our comments with a grain of salt, we your consumers will be watching our investment get less ROI the longer you take, and when money is at stake we all get a little jumpy.
PLEASE send us some sort of an update every once and a while, a picture, some info, a smiley face, whatever you want, or dont, im committed either way and the more people that drop out the closer i get to the front of the line
LOl, everyones just excited and anxious, thats all. Human nature..... sorta like waiting for Santa Claus |
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I was wondering , coulded find it on the site
If you order the sole K-16 , does this come with a heatsink attached ? or do I have to find one for it myself ?
assembled by terrahash
Thanks
No on the heat sinks, from what I understand that will be a big issue for many ordering just the boards. I have been searching around for sinks that would be a quick fit...but nothing really pratical as of yet. Probably will have to be a custom made fit at best in short term, until someone specs them out and begins selling on ebay or in here?..here is a link with some insight. EDIT: That would be something that Terrahash should add to their site as an accessory item that can be ordered....problem is, there isn't any as of yet that I can find. If i'm wrong, someone please post link to a sink.... :0 https://bitcointalk.org/index.php?topic=208381.40Actually boards are coming with heatsinks per Terrahash 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?
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. Hey I hope I was wrong!! Thats wonderfull if they are coming with heatsinks, I was under the impression we will have to provide "cooling" as in heat sinks as well. So, thanks I will double check but that is great if so! EDIT: Just re read their website,,,It says nothing about heat sinks one way or the other?  just "completely assembled boards" ok,,,Ill just email them and double double check,,,lol,, Not that Im doubting YOU |
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Ugh.., just called to check on my orders #1213 and #1336 still being On-hold ($ wired), but after a few rings got a message saying that voice mailbox has not been setup yet.
Terrahash's voicemail seems to work some of the time and other times say it's not setup. Not inspiring a whole lot of confidence with that and going dark with no updates. Grrrr... Yes it is time for them to give us a courtesy update, even if to let us know they are alive and well...lol, I don't want to be strung along beyond the 45 day paypal backing without some varifiable movement on the boards and estimated ship dates... |
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I was wondering , coulded find it on the site
If you order the sole K-16 , does this come with a heatsink attached ? or do I have to find one for it myself ?
assembled by terrahash
Thanks
No on the heat sinks, from what I understand that will be a big issue for many ordering just the boards. I have been searching around for sinks that would be a quick fit...but nothing really pratical as of yet. Probably will have to be a custom made fit at best in short term, until someone specs them out and begins selling on ebay or in here?..here is a link with some insight. EDIT: That would be something that Terrahash should add to their site as an accessory item that can be ordered....problem is, there isn't any as of yet that I can find. If i'm wrong, someone please post link to a sink.... :0 https://bitcointalk.org/index.php?topic=208381.40 |
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Bitcoinity has a 3 minute delay due to lag at Gox...
87.00 now  |
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fyi for someone who was maintaining that spreadsheet, i cancelled my order ( #1195 ) this morning and requested for paypal refund. Havent got a response from terrahash yet.
I sent a note to cryptoin. Let us know how the pp refund goes... Im watching and waitng closely to with pp |
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... and it just broke.
"if you're not out, get out" lol
seriously, all downhill from here.
lol  |
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Well a lot of the money (BTC) being sent to the manufacturer's, is in turn going over seas for boards/chips and components etc. Some of which Im sure is being hoarded. But in the short term, the ROI for miners investing in Asics is great, but it wont last long, unless we are willing to re-invest over and over to keep up with difficulty, so its sometimes hard to see that return. I am not a speculator with BTC, I just sell what I mine as many others. But often I wonder if I wouldn't be better off buying BTC low and selling high But without mining, BTC stops and perhaps that would in fact grow the value, no supply and all demand BTC goes up  but yes, right now asics are probably hurting the market, but it will level off. If a lot of miners stopped mining, you'd still have the same supply, just a much less secure network. ftfy Yes that is true, same supply, but it would be held by the elite few mining companys at that point with the most powerfull hashing,,,then they would set the market value,,,,lol Probably not completely true. Counterexample: I get "free" electricity ... No event outside of a freak accident is going to stop me from mining for the foreseeable future. Agreed. I have no plans in stopping, but the value in hashing is dropping like a led balloon and before you know it, to maintain a substainable income for it all, its time to buy more gear...The only hope we have is for BTC to rise at a rate that out paces the difficulty, if so then its all good in theory it should go that way.... but so much depends on the regulators sticking their noses in it etc etc...who knows? |
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Its clear we're in a slide, but personally I won't panic unless we break the low at $57 or whatever it was.
You wont' be alone sweating if it dips that low! I have quite a bit tied up in new asic gear and calmly waiting for its arrival as I watch the value in that gear,,,slip slidng away" |
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Well a lot of the money (BTC) being sent to the manufacturer's, is in turn going over seas for boards/chips and components etc. Some of which Im sure is being hoarded. But in the short term, the ROI for miners investing in Asics is great, but it wont last long, unless we are willing to re-invest over and over to keep up with difficulty, so its sometimes hard to see that return. I am not a speculator with BTC, I just sell what I mine as many others. But often I wonder if I wouldn't be better off buying BTC low and selling high But without mining, BTC stops and perhaps that would in fact grow the value, no supply and all demand BTC goes up but yes, right now asics are probably hurting the market, but it will level off. If a lot of miners stopped mining, you'd still have the same supply, just a much less secure network. ftfy Yes that is true, same supply, but it would be held by the elite few mining companys at that point with the most powerfull hashing,,,then they would set the market value,,,,lol |
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Well a lot of the money (BTC) being sent to the manufacturer's, is in turn going over seas for boards/chips and components etc. Some of which Im sure is being hoarded. But in the short term, the ROI for miners investing in Asics is great, but it wont last long, unless we are willing to re-invest over and over to keep up with difficulty, so its sometimes hard to see that return. I am not a speculator with BTC, I just sell what I mine as many others. But often I wonder if I wouldn't be better off buying BTC low and selling high But without mining, BTC stops and perhaps that would in fact grow the value, no supply and all demand BTC goes up but yes, right now asics are probably hurting the market, but it will level off. |
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I feel the slump with BTC as of late is a few factors. One, this is the first summer that a booming BTC value and all the interest therein has seen. People are selling off for various reasons to raise good ol cash, for vacations etc. Secondly, many GPU miners are either turning off their miners due to the drastic influx of Asics, (and the summer heat) and or selling off a lot of their BTC to raise money for the purchase of A$ics..... in hopes of staying ahead of the curve. I still believe that the BTC price will turn around BIG when this dust settles. And more and more things seem" to becoming more legitimized for BTC, its spotty but its there. All this coming from just a lowly ol miner, just my opinion |
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Now that we have crunched the numbers, analyzed the numbers, counted the chips, All we need is the working product and the actual chips and a little perspective I guess  Ya, Read em Weep" gentlemen  |
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Cryptoin, how are you factoring in avg. chips for the unaccounted? is that avg counted as orders that are not seen in numerical order" like 1 2 3-6 7 (5 and 6 get tagged with an avg chip count?) i may just be having a blonde moment here,,,lol
Basically I have an average chip count from the orders that I have data from. From there I apply a reduction in the average chip count based on the % of orders that are cancelled, unpaid and just missing due to order number jumps. For example. Avg. Chip Count = 200 chips % of Orders Cancelled (based on existing data) = 25% % of Orders Unpaid (based on existing data) = 5% % of Order #s unaccounted for that do not exist period due to number jumping (based on the statement that Terrahash made that all the orders placed through 6/19 will be covered by 40,000 chips or less) = 80% Now let's assume the order #s started at 1 and went to 100 and we only have data for 50 of them. So there are potentially 50 other orders but we know this not to be true due to the order number jumping. So we would assume 80% of those 50 orders are non existent. Leaving us with 10 actual missing order numbers. Of that 10 we can assume about 25% we're cancelled and 5% are unpaid. That leaves us with 7 orders at an average order amount of 200 chips or 1400 chips for 50 missing order #s which gives us an average of 28 chips per missing order #. The way my formulas work is they apply this average chip count per missing order number #. Wow thats a great breakdown of your formulations. One of the reasons I ask, is in my case, I had a total of 9 order invoice numbers created durring my attempts to get paypal to go thru, begining with order # 502 and then randomly from there more were created.. #'s. In the end only 2 were actually processed. The remaining 7 invoice numbers starting with 502 and so on, showed cancelled, and eventually were purged from the system it seems, never to be used again. So those invoice numbers became not existant in the end. So are you applying the 28 chip count to those or are those not counted at all in your tabulations? and Im sure others had the same experience when placing orders with paypal to some extent. Simply put, is my first attempt order # 502 anywhere in the accounting? ok, thanks and again, keep up the great job you are doing with this, since we have nothing else to lean on right now Well those should be covered by the cancellation %. The 28 chip count is an overall average for a missing order. This average takes into account non-existant, unpaid, and cancelled orders. If I only have 50 of 100 numbers that remaining 50 I am missing is assumed to have 28 chips per order. In reality, there will actually only exists around 7 orders with an average 200 chips for each of those 7. In regards to the accuracy of the cancelled order %, the assumption here is that people are reporting their cancelled orders to me. It is likely that there are a higher percentage of cancelled orders than I account for since it is less likely that people will report them. If that is the case my numbers will be slightly high but the affect would still be rather negligible. If you would like to know how accurate the prediction is for your particular order I suggest referencing the % of total orders accounted for. The higher that percentage is the higher the accuracy of the prediction. All in all you can pretty much guarantee at this point that the first 10,000 chips will be used around the 500 order mark. 20,000 chip order mark will likely fall in the low 600s. Ok, well thats about as close or realistic as you can get it with what you have to go on. And yes I agree that the 10k/20k chip count will round out in the range you mentioned, unless there are other factors we have no way to know of. Ok, thanks for all of that, Im kinda a numbers cruncher" minded guy myself...great job, Thanks again |
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Think we will have any updates from TH today? Or quiet day again.
I have no reason to think that we will as I dont think they have anything new to tell us,,,its really is a question of will they wait it out for the paypal funds that are in place, but on hold. Which I suspect they will try that first. Refunding all paypal orders could be a mess and they would be starting at square one if they did that. However an update would be nice from them! lol |
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Cryptoin, how are you factoring in avg. chips for the unaccounted? is that avg counted as orders that are not seen in numerical order" like 1 2 3-6 7 (5 and 6 get tagged with an avg chip count?) i may just be having a blonde moment here,,,lol
Basically I have an average chip count from the orders that I have data from. From there I apply a reduction in the average chip count based on the % of orders that are cancelled, unpaid and just missing due to order number jumps. For example. Avg. Chip Count = 200 chips % of Orders Cancelled (based on existing data) = 25% % of Orders Unpaid (based on existing data) = 5% % of Order #s unaccounted for that do not exist period due to number jumping (based on the statement that Terrahash made that all the orders placed through 6/19 will be covered by 40,000 chips or less) = 80% Now let's assume the order #s started at 1 and went to 100 and we only have data for 50 of them. So there are potentially 50 other orders but we know this not to be true due to the order number jumping. So we would assume 80% of those 50 orders are non existent. Leaving us with 10 actual missing order numbers. Of that 10 we can assume about 25% we're cancelled and 5% are unpaid. That leaves us with 7 orders at an average order amount of 200 chips or 1400 chips for 50 missing order #s which gives us an average of 28 chips per missing order #. The way my formulas work is they apply this average chip count per missing order number #. Wow thats a great breakdown of your formulations. One of the reasons I ask, is in my case, I had a total of 9 order invoice numbers created durring my attempts to get paypal to go thru, begining with order # 502 and then randomly from there more were created.. #'s. In the end only 2 were actually processed. The remaining 7 invoice numbers starting with 502 and so on, showed cancelled, and eventually were purged from the system it seems, never to be used again. So those invoice numbers became not existant in the end. So are you applying the 28 chip count to those or are those not counted at all in your tabulations? and Im sure others had the same experience when placing orders with paypal to some extent. Simply put, is my first attempt order # 502 anywhere in the accounting? ok, thanks and again, keep up the great job you are doing with this, since we have nothing else to lean on right now |
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Cryptoin, how are you factoring in avg. chips for the unaccounted? is that avg counted as orders that are not seen in numerical order" like 1 2 3-6 7 (5 and 6 get tagged with an avg chip count?) i may just be having a blonde moment here,,,lol
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