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

[Loredo]

Some of the other 28nm folks are yet to reveal their full specs, we will wait too until we are ready to take preorders.

This reminds me of the scene at the end of The Good, The Bad, and the Ugly with the three guys (KnC as Clint Eastwood, HashFast as Eli Wallach, and Cointerra as Lee Van Cleef) in the graveyard for the gun fight.  *

Just announce the specs of the feckin' chip.  And this means you, too, Other Guys.  You either know the specs now, or you don't.  If everybody offers refunds (and anyone who doesn't is Toast) there's no real advantage here.  All that happens is it gives people more time to make fun of you.

* No value judgments in making these firm-to-character associations.  I thought they were all wonderful characters, although I wouldn't want my daughter dating any one of them.

[1713564909]

1713564909

[1713564909]

1713564909

[1713564909]

1713564909

[Bitcoinorama]

Any idea of price per GH/s?

I am trying to decide to wait for you, or order through KnC.

If you are ok with discarding your KNC product in a couple of months after purchase, then go for it.

Lol, a new face probably shouldn't be subtly bashing their competitors.

Regardless, I'd stay well away from the pre-order game.

Especially when you need to factor in whether the profit made in that couple of months is feasibly offset over the longer term with another chip, let alone future chips that will surface in the lifetime of that proposed future chip. Fact is that two month lead time may well not be beaten by efficiency over the long term in which case KnC still win...

Whatever all I care about is cost to me, and my electricity cost to me.

[papamoi]

will it  be possible for once to get one miner manufacturer who won t take preorders

[Bitcoinorama]

will it  be possible for once to get one miner manufacturer who won t take preorders

Sure if they are willing to risk millions of their own money, or private equity, which would be mad.

[crumbs]

will it  be possible for once to get one miner manufacturer who won t take preorders

Sure if they are willing to risk millions of their own money, or private equity, which would be mad.

If ya gotta gamble, do it with other people's money. Sanity++

[CYPER]

a hash rate greater than 0.5TH at a power consumption of significantly less than 1 watt/GH.

That sounds like 600TH/s with 300W power consumption.
Very hard to believe.

[Loredo]

Sure if they are willing to risk millions of their own money, or private equity, which would be mad.

This is where you and I disagree.  While this is probably not the venue for this debate, I'll just say (again) that a fully-funded chip development would provide three avenues of cost recovery and opportunity for either vertically integrating, or pursuing least-crowded-space business planning.

With chip/board in hand, the vendor could either (1) sell retail, thereby eating everyone else's lunch even at a competitive price; (2) offer on-going shared participation in a hashing operation, passing through the BTC to the participants, or (3) mine privately, keeping the fungibility risk and attendant costs of network presence.

Again, I don't think this is the venue for a back and forth on this; we don't want to hijack this thread too badly.

We know each other's positions on pre-order, and will likely have plenty of opportunity to debate as the summer turns to fall.  

[RoadStress]

CoinTerra is proud to announce the specs of our first ASIC chip – GoldStrike1 (aka GS1)

GS1 is a 28nm chip and will be one of the highest performance ASICs in the Bitcoin mining world with a hash rate greater than 0.5TH at a power consumption of significantly less than 1 watt/GH. More details later this month before we take preorders.

The GS1 chips are expected to arrive late Q4 2013.

Our website will be ready to take preorders later this month with a range of products involving one or multiple units of the GS1.

Have you read any thread of your competitors? First of all who are you? Why should we trust you? Who designed the chip? Who is the fab that is making your chip?

[-Redacted-]

a hash rate greater than 0.5TH at a power consumption of significantly less than 1 watt/GH.

That sounds like 600TH/s with 300W power consumption.
Very hard to believe.

You have your G and T mixed up.

[Loredo]

a hash rate greater than 0.5TH at a power consumption of significantly less than 1 watt/GH.

That sounds like 600TH/s with 300W power consumption.
Very hard to believe.

Check your ten's units.  1W/GH = 1 kilowatt per TH.

[Bitcoinorama]

Sure if they are willing to risk millions of their own money, or private equity, which would be mad.

This is where you and I disagree.  While this is probably not the venue for this debate, I'll just say (again) that a fully-funded chip development would provide three avenues of cost recovery and opportunity for either vertically integrating, or pursuing least-crowded-space business planning.

With chip/board in hand, the vendor could either (1) sell retail, thereby eating everyone else's lunch even at a competitive price; (2) offer on-going shared participation in a hashing operation, passing through the BTC to the participants, or (3) mine privately, keeping the fungibility risk and attendant costs of network presence.

Again, I don't think this is the venue for a back and forth on this; we don't want to hijack this thread too badly.

We know each other's positions on pre-order, and will likely have plenty of opportunity to debate as the summer turns to fall.  

I do agree to an extent, but all things considered you'd need IC clued up PE, even then this market is still currently very niche and finite compared to other avenues they can commit funds to. You can always PM me bud, I don't bite

[Minor Miner]

Any idea of price per GH/s?
I am trying to decide to wait for you, or order through KnC.

If you are ok with discarding your KNC product in a couple of months after purchase, then go for it.

pretty ballsy statement.   Can you mathematically support it?  Or are you just denigrating competitors because you have little to nothing to say about your own product?
Show me the SIMPLE math that makes your product make me throw away even my steam powered avalons or STFU.

[Loredo]

First of all who are you? Why should we trust you? Who designed the chip? Who is the fab that is making your chip?

There's another thread...

[greenbtc]

CoinTerra is proud to announce the specs of our first ASIC chip – GoldStrike1 (aka GS1)

GS1 is a 28nm chip and will be one of the highest performance ASICs in the Bitcoin mining world with a hash rate greater than 0.5TH at a power consumption of significantly less than 1 watt/GH.

The GS1 chips are expected to arrive late Q4 2013.

Our website will be ready to take preorders later this month with a range of products involving one or multiple units of the GS1.

This is all the info that you can provide?

Some of the other 28nm folks are yet to reveal their full specs, we will wait too until we are ready to take preorders.

If you are speaking of KnCMiner, they have certainly offered up quite a bit more than you guys have, even before they launched their pre-orders. These are pretty cocky responses for a company who has yet to produce any working prototypes, regardless of the team you have put together.

[ASIC-K]

Any idea of price per GH/s?

I am trying to decide to wait for you, or order through KnC.

If you are ok with discarding your KNC product in a couple of months after purchase, then go for it.

yeah, i have to admit this is pretty rude and hostile....

[Flying Hellfish]

Any idea of price per GH/s?

I am trying to decide to wait for you, or order through KnC.

If you are ok with discarding your KNC product in a couple of months after purchase, then go for it.

yeah, i have to admit this is pretty rude and hostile....

Next we will be getting called monumental assholes and customers will get fired!!  

Didn't Josh bash Avalon's machine for being "old tech" and becoming obsolete fast.

Get your own shit together, let us figure out how good or shit your competition is.

[NiteShdw]

The way things are looking, you'll buy mining hardware just to be able to mine enough coins to upgrade to the next generation of mining hardware.  My three Avalon's have generated enough coins to purchase some KnC gear. I haven't cashed out any coins for anything other than more gear.  Now I have to save up more coins for CoinTerra/Gen2 ASIC hardware.

[CYPER]

a hash rate greater than 0.5TH at a power consumption of significantly less than 1 watt/GH.

That sounds like 600TH/s with 300W power consumption.
Very hard to believe.

You have your G and T mixed up.

I meant GH/s, but I still find it hard to believe for a 600GH/s device to consume like 300W

[cointerra]

Any idea of price per GH/s?

I am trying to decide to wait for you, or order through KnC.

If you are ok with discarding your KNC product in a couple of months after purchase, then go for it.

yeah, i have to admit this is pretty rude and hostile....

Didn't mean to be rude or hostile. The Knc folks are our very good friends. My point was that the ROI on your investment with the current rigs will not be much more than a couple of months when new more powerful rigs come online.

[Loredo]

I meant GH/s, but I still find it hard to believe for a 600GH/s device to consume like 300W

At some point, a very credible source for such things, a member named 2112, is, hopefully, likely to advance some expert opinion on the whole issue of next-gen power efficiency on this or the other CoinTerra thread.  Even then, nothing will be certain until the juice starts to flip the flops of the real live chips.