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Author Topic: CoinTerra announces its first ASIC - Hash-Rate greater than 500 GH/s  (Read 229849 times)
aerobatic
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April 13, 2014, 03:00:35 AM
 #2221

if theyre shipping from stock, where the f**k is my april order???

some ppl talk so much shit its hard to wade through

They said April orders will ship in April.  12 days in and not even halfway through the month I think you could be a little more patient.  THey seemed pretty confident they'd be on time and you're jumping the gun claiming they havn't shipped yet. Plenty of April left to go and there's a good chance you will get it in days not weeks.

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April 13, 2014, 04:33:28 AM
 #2222

I'm surprised there hasn't been a class action against Cointerra.

its not surprising.  class actions are for companies that do wrong (especially, intentionally do wrong).  its hard to argue cointerra did anything other than 'best efforts'... and tried to make the best of an imperfect situation.

1.  they actually shipped their products (and by all accounts, i believe at 1,000+/month, there are now thousands of customers with them.
2.  they weren't excessively late (unlike most bitcoin mining companies).  they made best efforts, and pretty much closed their back orders by march.  april batch was shipped 'in april' and they're pretty much caught up now.
3.  when they realised their system fell short on performance by 20%, they offered every customer their choice of either a discount on a future order to accept the reality of the situation, or, an insta-refund.   yet again, few if any bitcoin mining companies allow refunds, and those that do make it painfully difficult to get them or delay them for months and months.

if the company is offering you discount compensation on a future order, or a refund if you're not happy, you pretty much have all bases covered.   not much grounds for a class action...

and now i believe they're shipping from stock so you can get one in 48 hours (for small premium over pre-order price, and yes, they're allowing may & june pre-orders to upgrade to immed deliver if they want)

So you're saying they did well? ...or they did well compared to the pure scam american companies? If you put charlie manson in a room with hitler and stalin, suddenly manson's crimes don't seem so serious anymore. Feel me?

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April 13, 2014, 05:09:33 PM
 #2223

if theyre shipping from stock, where the f**k is my april order???

some ppl talk so much shit its hard to wade through

Send in a request to cancel your order.  I did (except to actually cancel) and boom, next e-mail was that my order was preparing to ship.
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April 14, 2014, 05:38:02 PM
 #2224

I'm surprised there hasn't been a class action against Cointerra.

 
I think it should be explored.  They've sold one thing and delivered another.
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April 14, 2014, 07:35:25 PM
 #2225

I just remembered about this thread: https://bitcointalk.org/index.php?topic=303244.0 and i want to ask. Is CoinTerra providing cooling solutions from CoolIT or it was just a marketing scheme like HashFail with CIARA?

H/w Hosting Directory & Reputation - https://bitcointalk.org/index.php?topic=622998.0
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April 14, 2014, 07:54:34 PM
 #2226

Refund requested.

 Apr 14 10:49

Hi Edgar,

I will add you to the refunds list. Please note refunds take up to 4 weeks to process. Thank you for your patience.

Best Regards,
Christina

Did you happen to ask Christina why it takes them up to 4 weeks to process a simple refund request? Do they keep records on used kleenex and do maths with an abacus? All of the american scam companies(which is all of the american manufacturers) employ this tactic as well. Funds go in real quick, but take weeks or months to come out...if ever.

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April 14, 2014, 08:10:29 PM
 #2227

Because they need the time to mine more coins and convert to fiat.
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April 15, 2014, 01:46:48 AM
 #2228

if theyre shipping from stock, where the f**k is my april order???

some ppl talk so much shit its hard to wade through

They said April orders will ship in April.  12 days in and not even halfway through the month I think you could be a little more patient.  THey seemed pretty confident they'd be on time and you're jumping the gun claiming they havn't shipped yet. Plenty of April left to go and there's a good chance you will get it in days not weeks.



Relax. Dude, they told me they will give me a March batch one for compensation, it's April 15 now and I haven't receive it.
By the way, anyone received their compensation miner ? 
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April 15, 2014, 02:05:59 PM
 #2229

Because they need the time to mine more coins and convert to fiat.

rofl!
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April 15, 2014, 02:22:27 PM
 #2230

Because they need the time to mine more coins and convert to fiat.

rofl!

yah "Now powering > 10% of the Bitcoin network!!"
(with your money)

oh and sorry that you paid for 2 Th/s and that we gave you 1.6 and kept your money anyhow
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April 15, 2014, 07:11:40 PM
 #2231

Glad I perused this thread before even contemplating buying "from stock".  Unreliable product and 4 weeks for refunds = FAIL!

$3/GH is a more competitive price but still a loser now...

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April 15, 2014, 08:21:36 PM
 #2232

Glad I perused this thread before even contemplating buying "from stock".  Unreliable product and 4 weeks for refunds = FAIL!

$3/GH is a more competitive price but still a loser now...

I looked at that too.  I've got an utterly useless 'coupon' for the fact that they sold me a 2 Th/s miner and delivered a 1.6 Th/s miner, which I could apply also.  To get my 'compensation' I have to buy another one of their products?  Give me a break. 

here's an idea in terms of compensation for selling deficient miners to your customers, a couple actually: upgrade the thing, or give me a mining card, or give me 20% of my money back. 

They have all of those options available and have decided to instead to offer themselves more profit as compensation to the customer for getting short-changed by ~20% on the hashpower those people paid for.

I wonder if they had a good laugh in the boardroom over the idea of getting suckers to give them more money as 'compensation' for delivering a deficient product in the first place.  What a joke.
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April 15, 2014, 09:20:59 PM
 #2233

totally agree!

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April 15, 2014, 09:24:30 PM
 #2234

They have the in stock 1.6Th/s miners out on sale for $4799. Lots of people must have cancelled their order and requested a refund.
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April 15, 2014, 09:50:48 PM
 #2235

So CoinTerra went HashFail way? Selling "in stock" items while pre-order customers didn't received their orders?

H/w Hosting Directory & Reputation - https://bitcointalk.org/index.php?topic=622998.0
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April 15, 2014, 10:03:01 PM
 #2236

I have a CT IV which hashes about 1.1 thps.  That's 55% of what I paid for.  They seem disinclined to provide any satisfaction.

Are there any lawsuits pending which I might join?  Is anyone else interested in joining a class action?

Give a man a fish and he eats for a day.  Give a man a Poisson distribution and he eats at random times independent of one another, at a constant known rate.
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April 15, 2014, 10:08:24 PM
 #2237

I have a CT IV which hashes about 1.1 thps.  That's 55% of what I paid for.  They seem disinclined to provide any satisfaction.

Are there any lawsuits pending which I might join?  Is anyone else interested in joining a class action?
why would anyone need a class action lawsuit.  Try a regular small claims lawsuit.  The good thing is collecting on the judgement will be super easy.

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April 15, 2014, 11:17:09 PM
 #2238

I have a CT IV which hashes about 1.1 thps.  That's 55% of what I paid for.  They seem disinclined to provide any satisfaction.

Are there any lawsuits pending which I might join?  Is anyone else interested in joining a class action?
why would anyone need a class action lawsuit.  Try a regular small claims lawsuit.  The good thing is collecting on the judgement will be super easy.

class action is likely better.  a good lawyer has a better chance of winning than any one of us showing up in court.  that will cost some amount of money.  and yes, I'd be willing to look at that option, as it becoming clear that they have no plans to do anything about any of this.
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April 16, 2014, 12:41:07 AM
 #2239

What action did you guys take when one of the 4 cores stopped working? As though its not already bad with 20% less hashrate now one of the cores has stopped working reducing the hash rate to 1.2 Th/s.
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April 16, 2014, 12:44:18 AM
 #2240

What action did you guys take when one of the 4 cores stopped working? As though its not already bad with 20% less hashrate now one of the cores has stopped working reducing the hash rate to 1.2 Th/s.
Just restart cgminer from the config tab.

Developer/maintainer for cgminer and ckpool/ckproxy.
ZERO FEE Pooled mining at ckpool.org, 1% Fee Solo mining at solo.ckpool.org
-ck
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