CoinTerra announces its first ASIC - Hash-Rate greater than 500 GH/s

[VolanicEruptor]

so it looks like January batches are now officially late, as they were always referred to by Cointerra as the Early January batch.  We are almost in the middle of January now..

[jjiimm_64]

last update was "bring up and testing"  nearly 7 days ago.. any word of anything since then??

I hate when there is silence right when we should be hearing news of a hashing device....KNC did it in one day?

We will continue to post engineering updates reporting progress so check back with us soon

[Supercomputing]

so it looks like January batches are now officially late, as they were always referred to by Cointerra as the Early January batch.  We are almost in the middle of January now..

Yes that is correct, the December and the January batches are officially late using Cointerra's own delivery schedule. But keep in mind that all Bitcoin ASIC manufactures always say that they are on track to be on time, and all of them so far have been late - KnCMiner being the least late. When placing your order, assume that it is going to be late and hope for the best and you will not be disappointed.

Additionally, Cointerra is still within their grace period before they start to compensate the December batch orders  with additional hashing power. Though, it may not mean much if most people receive their miners on or about the same time as you receive yours, which is what will happen.

With that said, we still have a couple of unknowns: What will the final complete system power draw and the final price per GH/s be? Cointerra still has the best pricing, but that may not be the case if KnCMiner exceeds their advertised hash rate with their next generation hardware. I have said it before, KnCMiner is Cointerra's biggest competition, not HashFast ( iCEBREAKER ).

[VolanicEruptor]

so it looks like January batches are now officially late, as they were always referred to by Cointerra as the Early January batch.  We are almost in the middle of January now..

Yes that is correct, the December and the January batches are officially late using Cointerra's own delivery schedule. But keep in mind that all Bitcoin ASIC manufactures always say that they are on track to be on time, and all of them so far have been late - KnCMiner being the least late. When placing your order, assume that it is going to be late and hope for the best and you will not be disappointed.

Additionally, Cointerra is still within their grace period before they start to compensate the December batch orders  with additional hashing power. Though, it may not mean much if most people receive their miners on or about the same time as you receive yours, which is what will happen.

With that said, we still have a couple of unknowns: What will the final complete system power draw and the final price per GH/s be? Cointerra still has the best pricing, but that may not be the case if KnCMiner exceeds their advertised hash rate with their next generation hardware. I have said it before, KnCMiner is Cointerra's biggest competition, not HashFast ( iCEBREAKER ).

I don't think its fair to say that "because other asic manufacturers over promise and under deliver, then that makes it okay and its expected".  Just because everyone else set the bar real low doesn't mean it is acceptable for Cointerra to do it. 

[willphase]

The last two updates were posted on Tuesday - 31 Dec and 7 Jan... so here's hoping that they might post an update tomorrow if they want to keep to a weekly schedule.

Will

[Supercomputing]

I don't think its fair to say that "because other asic manufacturers over promise and under deliver, then that makes it okay and its expected".  Just because everyone else set the bar real low doesn't mean it is acceptable for Cointerra to do it. 

That's correct. It is not fair because there are some who buy a product and expect it to be delivered on time. Hopefully, they come out with some news, good or bad, within the next couple of days.

[plato14]

so it looks like January batches are now officially late, as they were always referred to by Cointerra as the Early January batch.  We are almost in the middle of January now..

Indeed i will be giving them a call on the 15th of January to bother them about my 'EARLY' january orders

[VolanicEruptor]

"Any news on the first batch?? Not sure what's going on here "

Mansoor Ahmad, Yesterday at 1:55 PM
#3
megaminer
megaminer Moderator

    Jan555,

    .......As for DEC orders all of those who have DEC orders have been contacted by Cointerra directly. I am hopeful we get news of shipping soon.

"



Can DEC customers please come forward and tell us what was said directly to them?

[JoseSan]

Can DEC customers please come forward and tell us what was said directly to them?

Cointerra has not contacted December orders about shipping. They have contacted them regarding the bonus March order. Thus, all December orders have been changed from X December TerraMiner orders to a combinations of X December Terraminers and X March Terraminer orders. That is all.

[jjiimm_64]

The last two updates were posted on Tuesday - 31 Dec and 7 Jan... so here's hoping that they might post an update tomorrow if they want to keep to a weekly schedule.

Will

I ordered another terraminer last night.. but I will not wire them anymore money till I see they have a working miner.  Didn't KNC go from chip to miner in 1 day?  it has been over a week since the 'bring up and testing' they should be telling us something by now.

[VolanicEruptor]

Yes this stall in their updates is driving me nuts.  Every day is over $500 in the fucking garbage.
Give me my machine.

[DPoS]

Yes this stall in their updates is driving me nuts.  Every day is over $500 in the fucking garbage.
Give me my machine.

I'm sure they will give a professional excuse acceptable reason for the extraordinary circumstances that led to the unforeseen delay since they are the most professional of all professionals

at least that's what said about these all-stars over and over


 

[Tegija]

Yes this stall in their updates is driving me nuts.  Every day is over $500 in the fucking garbage.
Give me my machine.

only 500? i have 4 early-january-batch miners what i´m waiting...
you lucky bastard...
 

[VolanicEruptor]

What disgusts me the most is that one of their employees mentioned in the forum on Dec 31st that they might be shipping by the end of the week!  So basically they were that close, and then a 2 week delay magically sets them back?  That's bullshit.  They're mining with our equipment and I can prove it.  Give us our machines.

[Minor Miner]

What disgusts me the most is that one of their employees mentioned in the forum on Dec 31st that they might be shipping by the end of the week!  So basically they were that close, and then a 2 week delay magically sets them back?  That's bullshit.  They're mining with our equipment and I can prove it.  Give us our machines.

Then prove it or STFU and stop wasting our time.

[cedivad]

They're mining with our equipment and I can prove it.

Ok. I'm listening. I'm also accepting suggestion on how to prove that HF is mining with my machines, since that and i don't have many ideas other than issuing subpoenas to every possible supplier of HF. (public note: i'm not claiming HF to be mining with my machines).

[VolanicEruptor]

They're mining with our equipment and I can prove it.

Ok. I'm listening. I'm also accepting suggestion on how to prove that HF is mining with my machines, since that and i don't have many ideas other than issuing subpoenas to every possible supplier of HF. (public note: i'm not claiming HF to be mining with my machines).

Because they have already given us test results on the chips after a testing run a week ago.
You can't do a testing run and get a GH/s value unless your mining Bitcoins.  Don't try telling me they're on a testnet with fake Bitcoins.  

Any bitcoins produced during the testing phase should be sent to the customers.  Those are our Bitcoins.

[plato14]

What disgusts me the most is that one of their employees mentioned in the forum on Dec 31st that they might be shipping by the end of the week!  So basically they were that close, and then a 2 week delay magically sets them back?  That's bullshit.  They're mining with our equipment and I can prove it.  Give us our machines.

Then prove it or STFU and stop wasting our time.

Agreed

[VolanicEruptor]

the proof would be the test results they posted.
Do I really need to dig those out?

[willphase]

They're mining with our equipment and I can prove it.

Ok. I'm listening. I'm also accepting suggestion on how to prove that HF is mining with my machines, since that and i don't have many ideas other than issuing subpoenas to every possible supplier of HF. (public note: i'm not claiming HF to be mining with my machines).

Because they have already given us test results on the chips after a testing run a week ago.
You can't do a testing run and get a GH/s value unless your mining Bitcoins.  Don't try telling me they're on a testnet with fake Bitcoins.  

Any bitcoins produced during the testing phase should be sent to the customers.  Those are our Bitcoins.

You don't need to be validating real non-testnet blockchain headers to validate that your ASIC can perform double SHA256 operations correctly.  In fact, cointerra would probably want to remove as many other dependencies from their chip testing as possible.  They probably are just talking directly to the chip sending random headers to hash to test performance.  This will probably also be the way they will 'burn in' any chips sold to customers.  This avoids requiring any credential management, large testing infrastructure or internet access when they perform this testing.

Even if they did want to start testing with an actual mining application (to test the interface code) - they could more easily do this with testnet-in-a-box just as BFL were doing - then they wouldn't need to get working internet access, or find a pool to connect to.

Connecting the chips to the live bitcoin network will probably be the final stage of testing, and probably only done once they want to prove to their customers that the chip is working as advertised.

Will