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Author Topic: CoinTerra announces its first ASIC - Hash-Rate greater than 500 GH/s  (Read 229855 times)
aerobatic
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January 18, 2015, 01:34:36 PM
 #2461

Not efficient anymore.

Only .07 electricity can eek out a small profit for Terraminer 1.6 until next diff jump

Soon will be space heater only.


weirdly, thats a potentially good idea ;-)  its be awesome if instead of throwing away all the obsolete bitcoin mining hardware and wasting the resources they should all try and have a second life and be re-used to heat homes and businesses in cold places and used as fan heaters...  its awesome.  you consume the same electricity as a fan heater, you get the same amount of heat output as a fan heater...  and it costs you the same to run as an fan heater...   but, you get paid to run it.  thats sounds like a really good re-use strategy for old bitcoin mining hardware.   (of course, theres a noise problem so you need to site them somewhere other than the bedroom) or put acoustic baffles around them or something


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aerobatic
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January 18, 2015, 01:35:05 PM
 #2462

I'm fully aware of the significance of Jez San in the computing and video games industry, but how does any of this prove you are him? Googling "Jez San", will prove precisely nothing.

Is there a verifiable Jez San account on Linked In, or possibly twitter? Can we cross verify this, as I will state, for the record, that for aerobatic to be the actual Jez San is quite a claim (for those who are unaware of Jez San's significance as the entrepreneur behind Argonaut Software).

Hey Carlton... pm me your phone number and i will call you if you like.  i am definitely me.  i can prove it any way you like (thats not too much trouble.. so don't make me dance on some fiery object)

I can vouch that Jez is who he says he is. I'm an angel investor in CoinTerra and am in regular touch with him and the other angels. Based on all my sources I also have every reason to believe tape-out happened when announced. (My full name is Tuur Demeester)

I'm curious as to how many Angels got burned.

all of them?
kkurtmann
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January 25, 2015, 08:41:23 AM
 #2463

aaaaaaand it's gone!


I feel for the folks who bought GH/s off of them, or preordered the latest Cointerra 16 nm vapourware. Their situation is indeed unfortunate, but on a lighter note, my Terraminer 2.0 TH/s @ 1300 watts machine is still happily hashing away at 1.6 TH/s @ 2400 watts.

https://www.buytrezor.com?a=55c37b866c11   well sir, I like it!
TheRealSteve
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January 27, 2015, 06:36:49 PM
 #2464

Bitcoin Mining Firm CoinTerra Files for Chapter 7 Bankruptcy [coindesk.com]

Not a whole lot left that spin their own ASICs.

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January 27, 2015, 07:21:12 PM
 #2465

It looks like they don't check bitcointalk anymore, does anyone know if they still check support@cointerra.com?

I had a Terraminer that they were hosting for me that has not sent anything since the end of December just like everyone that had their fixed hashrate hosting plans.

However, does anyone know how the law works with their bankruptcy because I actually owned the miner? Do they have to send it to me?

I don't really think it's worth too much, but it's better than the nothing I would get otherwise. Common sense tells me that I would be owed my property, but I am not a lawyer.

I'll send something to them as well.
CanaryInTheMine
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January 27, 2015, 07:26:19 PM
 #2466

the end: http://www.reddit.com/r/Bitcoin/comments/2tvdp1/bitcoin_mining_company_cointerra_goes_bust_in_big/

--edit: Isn't it ironic that BFL had/has a Sunny too?
TheRealSteve
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January 27, 2015, 07:51:54 PM
 #2467

However, does anyone know how the law works with their bankruptcy because I actually owned the miner? Do they have to send it to me?

No, and no.  You'll need to read your contract very carefully, as that plays a pivotal role. In colocation cases, the contract will often either specify that you can collect your hardware in the case of a dissolution of contract, or if you're unlucky.. nothing at all.

If you're not in a position to collect it, even though the hardware is yours, they're typically not under any obligation to send it to you and incur further costs, taking away from their creditors.  However, they also tend to want to avoid further conflict and duress (they have your hardware, but they can't exactly just leave it sitting there, or move it to some warehouse with the expense of keeping track of it), so you should be able to work out having the hardware sent to you or to another location just to get it off of their list of headaches - if not at their expense, then at your expense (try to avoid that, though the contract may leave you no wiggle room there).
If you don't have a lawyer (or just don't want to pay for one), you can work with the trustee/liquidator (eventually) directly.  In either case, you should start collecting all information you have - the contract, any details about your hardware, etc. and start reading through it.

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February 17, 2015, 06:18:37 AM
 #2468

Saw one of these being listed on eBay. Was going to bid until I read all these posts about the hardware being very unreliable. Its weird because I always heards Terraminers were bullet-proof.

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samsonn25
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February 17, 2015, 07:03:15 AM
 #2469

Not only that, but you need electricity less than .07 to make any ROI.
kkurtmann
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February 19, 2015, 07:09:04 AM
 #2470

Saw one of these being listed on eBay. Was going to bid until I read all these posts about the hardware being very unreliable. Its weird because I always heards Terraminers were bullet-proof.
 

I have heard people report bad hardware too, but the one I received in March last year has been running strong ever since, and I've only had to reboot it twice since receiving it.

https://www.buytrezor.com?a=55c37b866c11   well sir, I like it!
Entropy-uc
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February 10, 2018, 05:48:02 AM
Merited by OgNasty (1)
 #2471

Once again posting a warning.

I scrapped around 100 machines, and the scrapyard is trying to sell them as working units on Ebay.

These boxes were run hard for years, and were unreliable from the start.  Few, if any of them, went to scrap fully functional.
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February 11, 2018, 11:05:14 AM
Merited by OgNasty (1)
 #2472

The hulky junk pieces still have value?  lol
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