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1081  Bitcoin / Hardware / Re: CoinTerra Unveils a 2TH/s ASIC Bitcoin Miner : TerraMiner IV on: August 29, 2013, 03:25:20 AM
Impressive indeed, when you put it like that! I wonder who has the most energy efficient asic?

https://bitcointalk.org/index.php?topic=281279

Thanks for the link...


Impressive indeed, when you put it like that! I wonder who has the most energy efficient asic? At the same time i wonder who's chip has the most headroom, in terms of overclocking..

If I had to guess, probably HashFast because water cooling comes as the stock cooling solution.


I forgot about that.. KNC dropped plans to water cool a while back if im not mistaken. I wonder if they will regret it.
1082  Bitcoin / Hardware / Re: CoinTerra Unveils a 2TH/s ASIC Bitcoin Miner : TerraMiner IV on: August 29, 2013, 01:45:57 AM
Impressive indeed, when you put it like that! I wonder who has the most energy efficient asic? At the same time i wonder who's chip has the most headroom, in terms of overclocking..
1083  Bitcoin / Hardware / Re: CoinTerra Unveils a 2TH/s ASIC Bitcoin Miner : TerraMiner IV on: August 29, 2013, 01:29:01 AM
Sorry if this has already been asked but what is the power draw on these things? Anyone know?
1084  Bitcoin / Group buys / Re: [CLOSED] Diversified Group Buy [KNC/BitFury/VMC/HashFast] [Maybe:Cointerra] on: August 28, 2013, 01:49:55 AM
Hey... CH !

i thought you were holding out for couple weeks, i think you said maybe a week ..  I was gathering coins. I was hoping to take the ride with you guys.

Edit:

Let me know if you open back up..

Zedicus

Hi Zedicus,

I feel bad for you. I remember you telling me you were getting BTC for this through coinbase or something similar. If you still want to invest with us, please PM me and I'll arrange something. Please know that if we don't end up using your funds, that you will be refunded in full and left out anyways. But, I would like to try to include you because I feel bad.

Anyways.. PM me if you want to work something out!


Hey thanks CH!!

Pm Sent..
1085  Bitcoin / Group buys / Re: [CLOSED] Diversified Group Buy [KNC/BitFury/VMC/HashFast] [Maybe:Cointerra] on: August 27, 2013, 07:19:22 AM
Hey... CH !

i thought you were holding out for couple weeks, i think you said maybe a week ..  I was gathering coins. I was hoping to take the ride with you guys.

Edit:

Let me know if you open back up..

Zedicus
1086  Bitcoin / Hardware / Re: CoinTerra announces its first ASIC - Hash-Rate greater than 500 GH/s on: August 22, 2013, 03:47:42 AM
I'm trying to organize a time to meet the CoinTerra team, hopefully I will hear back from them soon.

Supposedly they added a 5th person to their team. Although.. they didn't tell me who the 5th person is, or what their job is. Now that I think about it, I'm not really sure why they mentioned this... I guess it was just them getting caught up in the excitement of running a start up. I can understand, this would be a very exciting project to undertake.

But anyways, they agreed to meet with me. Hopefully I will hear back from them soon as to a place and time. I will report back here with any news I find out from my trip (good or bad).

Cheers,

Ch


Sounds good Coinhoarder! Do you have the gift to gab!? You must convince them to lower their prices and come out swinging! lol

1087  Alternate cryptocurrencies / Mining (Altcoins) / Re: Swedish ASIC miner company kncminer.com on: August 22, 2013, 02:16:41 AM
Considering October delivery, is it still worth it for me to place an order today for a Jupiter or Saturn? Will I at the very least see ROI?


Well if you got a Jupiter Oct 1 and you started mining right away ..(Roi 57 days)

http://mining.thegenesisblock.com/a/b90f2d07ff




If you got it NOV 1 then you wont see ROI

http://mining.thegenesisblock.com/a/8ab0181416


That's at the current bitstamp btc price approximately $112 not the goxed btc price. Of course its also guesstimating the difficulty climb.

Maybe someone else can chime in .. im a bit biased as i dont think its a good time to by a miner. I was once critical of KNC but not so much now.

They actually look good and as long as they can stick to the deadlines without hiccups they will have a good run at the asic space.

1088  Bitcoin / Hardware / Re: HashFast launches sales of the Baby Jet on: August 21, 2013, 03:23:11 AM
My guess is that they won't commit to an OC speed until they have the actually chip in hand and characterized.  I bet their simulations show that 500GH/s is very doable, but simulations and reality are not the same... Just ask bitfury.  He was expecting his chip to run 5GH with 10GH overclock.  Instead he got 2GH with 3GH overclock.


Sims show 540!

https://bitcointalk.org/index.php?topic=262052.msg2976695#msg2976695


& this post


https://bitcointalk.org/index.php?topic=262052.msg2976622#msg2976622



1089  Bitcoin / Hardware / Re: HashFast announces specs for new ASIC: 400GH/s on: August 21, 2013, 03:14:23 AM
Hey simon how about just putting some guidelines like "this chip wont overclock past 540" and a mechanism to monitor or log chip speed and shut it down if it get past a certain threshold, maybe something besides a thermal sensor..

then you dont have to offer a 10 second warranty and you can claim you have hardware that you support and stand behind.
 
1090  Bitcoin / Hardware / Re: HASHFAST warranty just TEN DAYS after delivery? on: August 20, 2013, 10:48:02 PM
^^ Nice sig! Its spot on!!
1091  Bitcoin / Hardware / Re: HASHFAST warranty just TEN DAYS after delivery? on: August 20, 2013, 09:54:09 PM
1yr Manufacturer Warranty is Standard across the electronics industry.

To be honest im not suprised...




Its a shame, i was actually rooting for them. At this point its blatantly obvious that hashfast has some issues that reflects the type of perception they have .. 10 days.. Thats laughable! Its almost pathetic.. Its a blatant spit in the face to people ponying up 5k+ to support them.
 

You can do alot better hashfast.  

I think these Asic companys are under the impression they can sustain a cycle of high prices, piss poor support, and products that are outdated when they get into customers hands. Its down right embarrassing, some of these venture's cant even put up a website with a half decent shopping cart. They cant even write a privacy policy or mission statements.. they are using templates and basically are under the impression that their customers are there to be abused.

Its not just one company.. its the whole lot of them! Its almost standard practice to have the website fail during purchase! Were are talking large purchase's and not some $30 trinket off ebay! These Asic company's have their nose so high in the air that they are not even responding to tickets or calls for support. Its not just Avalon who cant put up a simple site to take orders .. its Avalon, xcrowd, hashfast, bfl and between them they have set a standard of ABUSE!  

Look at all the customers who have basically been spit on ... Their requests for refunds fall on deaf ears, missing orders, no confirmation emails..  No reps making announcements. While you the customer do your part and pay dearly in btc and or cash to the tune of thousands sometimes tens of thousands, the companies are basically swimming in your cash and parleying it into multi million dollar ventures that are able to operate without YOU!

Once they have your btc or $, they will just use it for development and mine themselves! They have absolutely zero incentive to support or back their products. They have ZERO incentive to provide an even half way decent support system.

I am not at the least bit surprised at a 10 day warranty. In fact i would have expected it to be 3 days.. with a requirement that you need a notarized letter from hasfast accepting the return with a minimum wait time of 3 months and YOU pay the cost of shipping both ways!

Its really reflective not only on their perception of their position but its also reflective of their company, their standards.. and its a SIGN of whats to come! This wont be the last time an ASIC company spits in our face but until people DEMAND a standard of better behavior its not going to get better!

Maybe when need to have a sub forum of lawyers on site that are pro consumer and ready to take action for some of these group buy and even some of the individuals that paid and are getting the run around!


Imagine the kind of gut wrenching feeling you will have when your piss poor product blows a bunch of capacitors on the 11th day!!  

If its not a piss poor product than the manufacturer will support it with a decent warranty because they have faith in their engineering, materials and build quality!

But thats not the case here. What we have are a group of Asic developers who have standardized making products that have a minimal lifespan and they back it with piss poor websites, piss poor support, piss poor marketing and an overall feeling that after they take your funds you are going to be lucky if you ever see a product let alone find ROI!

While they on the other hand are swimming in profits and have no intention of delivering their promises!

https://hashfast.com/shop/babyjet/

See the bottom on the babyjet web page, the part that labeled shipping!

See how it says "Shipments "anticipated" to begin: October 20-30, in order of purchase"

I anticipate that im going to be a millionaire by 2016 but that doesn't mean its remotely going to happen! Your selling a time sensitive product that looses its purchase value astronomically if its not delivered on time!

We don't want "anticipation" we want a guarantee!!

I dont mean to be over critical of hashfast.. because i was over critical of KNC and i "may" have misspoken but and as it stands im not so sure buying an ASIC from "anyone" is a smart move as KNC hasn't shown a working product either. I had a lot of faith in Avalon and that has all but diminished. I think they let things get out of control and it may just be circumstances out of their control but the trail of blood from their chip sales tell a different story... Cointerra seemed like they were going to finally set the ASIC space straight but they are a rinse and repeat of the business models and practices currently in place!  


Until we have one company that will put us first.. Its "difficult" at best to take them seriously!



1092  Bitcoin / Hardware / Re: CoinTerra announces its first ASIC - Hash-Rate greater than 500 GH/s on: August 20, 2013, 06:47:48 AM

Cointerra had an opportunity here to be the far and away clear choice for long term mining.  They have effectively missed the boat and I'm admittedly a little bitter about it.

Bingo - Cointerra blew it big time. Great engineering team -- lousy marketers. If they had even been 10 - 15% below the Monarch they would have nailed it. BFL is not a tough act to follow and there are no other producing or prospective US based competitors even close on $/GH level. Completely ridiculous.
It doesn't make since to me. They had the benefit of being one of the last companies on the scene. They could of undercut everyone's prices by 10% and been the easy choice of what to buy in mining hardware. At this point they're just another ASIC company. If they are a month late, then their pre-order customers will lose half of their investment. That's not a good way to start off in this industry, then they'll have their own herd of haters just like BFL.

The thing is these companies don't care. We pay for the expensive R&D and after they're done with that, they don't need us anymore. They can make as many units as they want and self mine if it's more profitable than selling them. All they need us for is to fund the R&D so that they can make ASICs for themselves at cost for the rest of eternity. Everyone seems to be thinking that we're helping out the bitcoin economy by ordering from these companies, but in reality we're just increasing their pocketbooks.


Well said.
1093  Bitcoin / Hardware / Re: Cointerra TerraMiner Prices Released (updated) on: August 19, 2013, 11:37:50 PM
I think they made a typo on the price.  If not i fell out my chair laughing and pointing for nothing.
1094  Bitcoin / Hardware / Re: [POLL] Do you trust BF Labs Inc. (Butterfly Labs) NOW? on: August 18, 2013, 07:51:12 PM
Anyone supporting BFl in anyway shape or form is a complete ________.  They have destroyed the little good faith the community had. They are nothing but a bunch of lying scumbags in every sense of the phrase. I think trust is almost extinct in the bitcoin community because of BFL and their practices. They have paved a way for anti genuine behavior by the rest of the would be onlookers looking to dip into the bitcoin industry and at the minimum they should be outkasted, boycotted, in these forums as well as future bitcoin conferences!

They are preying on the community at large and the hoards of newbies and they are tainting bitcoin businesses present and future and their behavior is appalling by any standard and reflects the practices of common criminals. Their record and trailing bloodbath of ripped off customer loudly speaks for itself. Not only are they not trustworthy but they lack sensory ability to realize it. They are incapable of illuminating the misfortune they have brought upon thousand and if given the opportunity they would scorch their customers again and again.


 



1095  Bitcoin / Hardware / Re: Aug. 2013 ASIC Miner Survey: How are you approaching this gold rush? on: August 18, 2013, 07:34:30 AM
Tread carefully, No Sudden Movement
1096  Bitcoin / Hardware / Re: HashFast launches sales of the Baby Jet on: August 16, 2013, 03:18:22 AM

A) Shipments anticipated to begin: October 20-30, in order of purchase


B) Shipments anticipated to begin by around: October 20-30, in order of purchase


C) Shipments begins when anticipated: October 20-30, in order of purchase


D) Shipments begin: October 20-30, in order of purchase


Answer ___________


https://www.youtube.com/watch?v=MMoAhjA9dCE
1097  Bitcoin / Hardware / Re: HashFast launches sales of the Baby Jet on: August 13, 2013, 09:16:12 AM
The extra capacity will be chips only, to be used with a HashFast or third party chassis.

I'm not harping the "buyer protection plan" (it is a lot more than any other company has done, so I applaud HashFast for this), but make sure you guys read the fine print.

You will need to pay for the chips to be assembled into actual mining equipment (which is probably why they can afford to do this).


How much is this assembly fee you speak of?
1098  Bitcoin / Hardware / Re: HashFast launches sales of the Baby Jet on: August 13, 2013, 05:16:57 AM
I will be posting the Miner Protection Program shortly

 - Eduardo deCastro, Founder & CEO, HashFast Technologies



I was just about to ask about that.  Do tell...
1099  Bitcoin / Hardware / Re: CoinTerra announces its first ASIC - Hash-Rate greater than 500 GH/s on: August 12, 2013, 01:04:03 AM
At this rate the only way CoinTerra is going to be worth is if they produce a 1TH/s machine and price it so good that nobody will even think of KnC. It has to be the same sort of difference like when you see BFLs 500GH/s machine sold for $22k when KnC is offer 400GH/s for $7k - it's a no brainer. Cointerra is going to have to pull off something like this. They openly stated that they want to make it more efficient with smaller chips etc, but with Bitcoin and where the difficulty is headed, that won't matter. Right now being first counts, because at the rate the difficulty is set, by the time the CoinTerra machines arrive, they are just going to be too late and overpriced.

To be honest, ASIC manufacturers should really be talking about 750GH~1TH/s at this point in time.

Yes, we plan to have > 1TH/s rigs, and Yes, the prices will be much lower than the competition. Our product lineup, specs, and prices are coming out by end of this month.


Got an eagle eye on this thread.
1100  Bitcoin / Hardware / Re: laughted at me when I said ASIC companies are manipulating you on: August 11, 2013, 09:19:15 PM
yeah, you are completely correct mmitech. Ive been stating nearly the same thing in several IRC chats for months now.

ASIC suppliers are the only ones who are doing the real profit in the bitcoin "ASIC ERA"

They know that if price of BTC is up & diff is reasonably low comparably, people will be willing to shovel tons of money into an ASIC so the suppliers just pin a high pricetag on them, making bank on the customer.
They know that if price of BTC is down & diff is still pretty high, the demand for hardware drops significantly and therefore the suppliers will drop price accordingly but still make a decent profit off customer.

The perfect example of this for all to see in clear daylight is bitfury USA's price structure on their preorders. The AUG preorders costing 2.5x more than OCT preorders ... those ASICs still cost them the same to make no matter if AUG or OCT...so they are just ripping the fuckall off the customer and laughing at the arms race the miners are creating for themselves against diff.

This is the downside of having bitcoin-only ASIC suppliers who have no other business. They change price based on demand. So not only do you have the miners in competition w/ each other based on a fixed price for hardware no matter the diff / price (like GPU's) ... now you have the companies who supply the hardware in competition w/ all sectors of the ASIC era.

Thats why I liked GPU's... AMD didnt give a fuck about bitcoin , hence they didnt price there GPU's according to the demand in bitcoin mining. So, every miner had equal chance in GPU era. In ASIC era, it all depends on the customer whos willing to risk the most to come out on top, by giving a shit ton of money to ASIC suppliers which is an unfair advantage to hobby miners.

In the end what this really comes down too is ASIC suppliers pricing future hardware so close to possible profits, that miners wont actually make any profit because they will simply be saving up a stack of BTC w/ current hardware just to afford the next gen ASIC hardware... and this will simply keep happening over and over. Only when one decides to stop mining can they take their BTC & cashout.

I look at what my avy batch 2 makes....basically to afford any hardware at this point in time, I would have to cash out any profit my avy made & thensome for a faster hasher that will suffer the same fate.
In the end it really sucks for us miners when the suppliers will price stuff exactly in this manner.

They know what to charge to make bank off us and keep the illusion alive that we have a chance of making profit =P ... when all we are doing is saving up to buy yet again more hardware from the suppliers...generation after generation.


+1

Ding ding ding!!!!
https://www.youtube.com/watch?v=MMoAhjA9dCE
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