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

[plato14]

whats cointerra's refund policy?

Refund in USD. 

[1714864802]

1714864802

[1714864802]

1714864802

[ImI]

whats cointerra's refund policy?

Refund in USD. 

Until they start shipping?

[BTC5OOO]

fwiw>>> i'll be heading to Austin soon, as they invited me over for the tour! ;-) *ideas/requests much appreciated!

tour eh? tour of what?

anyway make sure you see their voice activated coffee machine. it is a riot.

Wait, what! I missed that when I was there.

you made it over there chief? =) *these cats legit?

[Ytterbium]

This is what happens when you deal with people who are from India or Pakistan.  They over hype anything they're trying to sell and under deliver on products.  That was the main reason why I knew this would fail and it has.  I was right about it from the start.  The only people who suffer is the ones who paid money to this clown and I don't feel sorry for you.  Next time do some research on the people you're dealing with before you invest in something.

poppys.. do you not see thats a ridiculously racist view...!?

you're calling all indians and Pakistanis untrustworthy.

Since when does Indian/Pakistani qualify as a race? That's news to me!

Actually there was a suprime court case in the 1920s that found south-Asians were "officially" not white, U.S. v. Bhagat Singh Thind .  Presumably if they're not white they must be some other race, right? Anyway, there is no actual scientific definition of a "race."  But that said, most people would class south-Asians as being a different "racial" group from either Europeans or east Asians (i.e. Chinese/Japanese/Koreans). So, I would say talking shit about them probably counts as racist.

[CurcO]

COnTerra , WTF announcement of a new product that undermines the actual customer  . Don't buy into the Preorder BS this will never be a equal thing for the miner.
As best I'm Boycotting these Fraudsters . I will buy a ASIC when they are in stock and not vaporware .

BOYCOTT Cointerrra a I mean COnTerra  !

[Tegija]

News from CT-forum.
even if my order is from January batch, i still did not hear anything about my miners... so i don´t think that everything is truth what is written here...

Ok everyone, here is my update,
Dennis and I went to the office to meet with the Cointerra folks. The meeting went very well, they were open and answered all of our questions.
My ammunition was taken away the day of the meeting as I receive a shipping notice that morning, my order was at the back end of the January batch.
The machine is hashing away at between 1.55 th/s at 1.95 th/s ... the difficulty on BTC has risen to 3 Bill, so I'm looking at ROI in about 45 days.

So the details

95% of December has shipped, the ones that haven't have delivery complications, January batch is on it's way out cointerra are projecting Jan and Feb to be complete by the end of Feb, and that they will be on schedule for Mar, Apr, and May.
The security breach is the cause updates slowed down, I gave the advice that they need to be more diligent in this area, we will have to wait and see if we get better information. Looking at the team, it does not look like any of them have had a weekend off since Xmas.
The production company was changed as they just could not deal with the volume and efficiencies Cointerra needed. The new company is ramping up as we speak, and production quotas are improving by the day as bottlenecks are identified and solved.
We were asked not to give too much info on the power and upgrades for march through may batches, what I can tell you is that they have identified the issues with the power and they have a solution, the project plan for delivery of the increased performance and power efficiency is in place and they are testing the tweaks as we speak. Once testing is complete, and approved they will go into the upcoming batches.

The TM IV sounds like a jet engine when started up, but performs extremely well 1.7 th/s will do .25 BTC per 24 hrs at a difficulty of 3bill.

One last thing to add, if you have had an email or phone call offering TM's in earlier batches where you have to pay in BTC by a date, take the details of the offer and send it to the Cointerra support site, it is a phishing scam. It is cointerra's policy to move people forward in the queue if a cancellation is made.

If you guys have any questions, post them I will answer them if I can.

Thanks
Tony
tonymoore221, Yesterday at 3:54 PM

[plato14]

whats cointerra's refund policy?

Refund in USD. 

Until they start shipping?

According to them they've already begun shipping, you can ask for a refund anytime.  As a matter of fact they would probably be happy to give you a refund if you are a January, December batch.

[ImI]

whats cointerra's refund policy?

Refund in USD. 

Until they start shipping?

According to them they've already begun shipping, you can ask for a refund anytime.  As a matter of fact they would probably be happy to give you a refund if you are a January, December batch.

i have got several april orders and am considering refunding

[kendog77]

Why are all the US bitcoin mining hardware manufacturers so bad?

It's actually kind of embarrassing that Butterfly Labs, Hashfast, and Cointerra are all so bad.

Cointerra seems like the best of the bunch, and it looks like they have a decent product, but the pre-order non-sense has to stop.

All hardware manufacturers are doing with pre-order BS is transfer all the risk to the buyer, and there really is no need for it after the initial hardware design is complete.

[jjiimm_64]

Why are all the US bitcoin mining hardware manufacturers so bad?

It's actually kind of embarrassing that Butterfly Labs, Hashfast, and Cointerra are all so bad.

Cointerra seems like the of the bunch, and it looks like they have a decent product, but the pre-order non-sense has to stop.

All hardware manufacturers are doing with pre-order BS is transfer all the risk to the buyer, and there really is no need for it after the initial hardware design is complete.

agreed...

I got BFL'ed... even tho I was the 5th public order on June23 of that year.
I got HashFast'ed...  still trying to get refund.

just requested a refund for april order..

I starting buying from bitmain... order. product shipped and arrived from china within days of ordering...  It is a shame that NO US company is selling in stock miners..

glad I found my little army of ants!

[plato14]

whats cointerra's refund policy?

Refund in USD. 

Until they start shipping?

According to them they've already begun shipping, you can ask for a refund anytime.  As a matter of fact they would probably be happy to give you a refund if you are a January, December batch.

i have got several april orders and am considering refunding

Would be a good time to do that with the recent price dip

[dropt]

So this new miner has the same chip as the Terraminers? And its only going to be 400 gh delivered in June? Sounds like they are not going to be able to hit a minimum of 500 gh as advertised.

It's possible the will end up hitting 2TH with A grade chips.  It would make sense to develoe a product that makes use of the semi-defective chips.

[JoseSan]

Coinetrra starting 2nd batch and announced:
"Additionally, we will be making the first of a number of exciting announcements in the coming days"
  what can it be?

maybe this?  http://www.sacbee.com/2014/02/17/6165087/cointerra-announces-the-gsx-i.html


but current hardware is behind... WTF.  china wins again..

Bizarre business decision. Hopefully they'll get a wake-up call by getting zero orders, though I doubt that will happen. My only though is they're trying to sell the lowest binned chips (as someone mentioned), or they're responding to a lot of whining about $6000 being too much to spend at one time; I suspect the latter. This was probably planned before the MtGox and transaction malleability debacle, so the price of bitcoin is probably out of whack with what they expected at launch.

Another thought is they're going to max out the standard 2x8-pin PCI-E power connector limit of 450W.

There's this weird fusion of bitcoiners and gamers, both in the buyers of hash power and the in the sellers. Graphics cards have always been fickle to price when you mix in software support, new games, the "feel" of 60+ fps, etc.. There's no longer a sentimentality that can be mixed into to the purchase of this computer hardware. It's money in and money out. Both BFL and Cointerra seem to have played copycat by marketing these things like graphics cards ("amazing performance, cutting edge GH/W, can fit into an ATX case etc.) Even general purpose processors have a certain je-ne-sais-quoi in their price since there are always niche features one can add to improve the demand in some niche market. I'm not sure there's a historical precedent for ICs being so strongly priced by a single asset, the price of which itself is totally unpegged. (Did I just contradict myself?)

[kendog77]

The GSX I is an obvious loser. Only a fool would pay $4/GH for hardware that will be delivered in June.

I guess Cointerra is following the BFL business model and trying to sell overpriced hardware to noobs.

[aerobatic]

So this new miner has the same chip as the Terraminers? And its only going to be 400 gh delivered in June? Sounds like they are not going to be able to hit a minimum of 500 gh as advertised.

it costs millions to do a new chip so its definitely going to be the same chip that they've already got (that's already shipping)...

presumably, since they expect the terraminers iv's to be 'improved' and delivering the previously anticipated 2TH within some weeks (via a board redesign).. this means that the chips can likely already do 500 GH.  also, some people's terraminers have achieved 1.8 TH, which means the chips are already going 450 GH in the wild...  thus its possible that the 400 GH advertised spec for a gsx-i is perhaps (and hopefully) conservative.  they probably don't want to make the same mistake twice of over promising and under delivering... and we can't really blame them for being cautious can we?

[Tegija]

about this new hardware (http://www.sacbee.com/2014/02/17/6165087/cointerra-announces-the-gsx-i.html) CT is playing just very easy game.

lets count!

every december, january and february batch customer becomes 15% coupon on current order, so its 900$ per unit. that means. that means that every orders mining card would cost 699$. so 1,75$ per GH. so to see its not really bad deal, but in general i see there just one product with will be released only for that that current customers should shut their mouths up and give them some more bucks for this mining power what they didn´t/don´t get (every unit in this batches has ca 300GH less). and this hashing power gets delivered just some months later...
 
in my case it looks in first moment even better:

i have ordered 4 units, so my 15% coupon will have a value of 3600$. so i could get in June 1,2TH for "only" 600$ extra excl. shipping!!! ONLY 600$ for 1.2 TH!!! its 50¢ per gh for mining power what i should have already in january (still not shipped). sounds as "really good deal"

 

 

[testerx]

So I finally got p2pool up and running but I'm having trouble getting consistent hashrate...it was initially getting up to 2.9Thash for two units (about 1.45Thash each) so similar to Eligius but then it tanked to 2.3xThash for both and after a lot of messing around rebooting the units I managed to get it up to 2.6-2.7Thash for two units.  One unit is now doing 1.3Thash only apparently, grr.

[Entropy-uc]

The stock computer cables are pretty damn hot, will these melt on 220?

Do I need to buy better ones?

Thanks.

220 will reduce the current by 1/2 so you'll be fine.

If you are going to power the machine for any amount of time on 110 I'd invest in some 14g cords.

[Tegija]

So I finally got p2pool up and running but I'm having trouble getting consistent hashrate...it was initially getting up to 2.9Thash for two units (about 1.45Thash each) so similar to Eligius but then it tanked to 2.3xThash for both and after a lot of messing around rebooting the units I managed to get it up to 2.6-2.7Thash for two units.  One unit is now doing 1.3Thash only apparently, grr.

Don't worry about this missing TH. usually you see in p2pool little lower hash rate. in the end they make same hash rate as they made before. my jupiters are showing instead of 550GH 510GH and jupiter II batch scows only 600GH. in the end they are making more BTC as my miner in conservative mining pools. i have tested my own node already weeks and found finally a way to optimize it so that payouts are per 550GH miner such high as it would be 650GH. hash rate is shown stlii lower as the miners are.

[boozer]

I've got 3 rigs that all report 1.5-1.7 locally but only get 3.9 on any pool.  Anyone else experience this?