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

[klee]

...
If KnC ships, HashFast customers are screwed.
If HashFast ships, then Cointerra customers are screwed. 

The only way they can make a profit is by going for extremely high volume.
...

+1
If none of them ship, all the customers are screwed.
If *all* of them ship, all the customers are screwed too! 

The only meaningful win:
The horse you back wins, the others drop out of the race. 

What we need is BTC to go above 200 again!   

Exactly.
It has to otherwise the entire concept does not work.
 

BTC @MtGox, it has begun!!! 

[eve]

Don't Buy when they cannot guarantee delivery time and no money back guarantee!

Remember never join and group buy. The promoters don't take care of your shit when they are problems.

[jlsminingcorp]

Don't Buy when they cannot guarantee delivery time and no money back guarantee!

Remember never join and group buy. The promoters don't take care of your shit when they are problems.

For f**ks sake eve, do you have to post this on every thread I've been reading lately? I don't know whose group buy you're pissed off with, but I'm pretty sure that everybody has had enough of hearing about it. I'm sure there are examples of good and bad practice, but the groups that I've seen or been involved in have group buy leaders that have gone above and beyond what they agreed to do for the group members. These are generally good people who are often putting a lot of time into their groups, so give them a break. If an ASIC company has failed to deliver then the GB leader is not responsible for compensating you unless they specifically agreed to do this in the terms and conditions that you signed up to when you joined the group.

[gkm22d]

I look forward to a cointerra pre order.

Everyone is trying to race to be first, or else it's too late, you will never get roi. You have everything to lose in a few weeks.

Cointerra isn't bothering with this stage of the race, and seems to be starting the next one.

They know full well, as everyone does, that the network hash rate could well be 5 petahash by the time they release their product, and they still feel like they will be competitive. I like that.

I think the steepest part of the difficulty chart would be September to November. A product that comes out when the chart flattens out a little will have an advantage.

But what do I know, I am a 3 post newb.

[NiteShdw]

Based on the numbers, it looks like I'd be better off canceling at least one of my KnC pre-orders to get this rig.  If my pre-orders (in the 30xx) don't ship until late October, I'd be paying a 50% premium for a less efficient machine.  The water-cooling of this rig is exciting.

[DyslexicZombei]

Curious to see their pricing so I can make my final decision on my last rig order of 2013.

Since they said they'll beat everyone's pricing I'm guessing they'll offer a 500GH/s unit at $4.5-5K. If it's somehow lower than this I'll be pleasantly surprised.

[Ytterbium]

Curious to see their pricing so I can make my final decision on my last rig order of 2013.

Since they said they'll beat everyone's pricing I'm guessing they'll offer a 500GH/s unit at $4.5-5K. If it's somehow lower than this I'll be pleasantly surprised.

They'll need to do much better then that.  You have an $7k, 400Mh/s unit in September, and then a $5.6k 400Mh/s unit in Late October.  The difficulty is going to double between those time periods, and likely most of the mining profitability will be gone - the delay will cost more then the 'discount'.

[WastedLTC]

Curious to see their pricing so I can make my final decision on my last rig order of 2013.

Since they said they'll beat everyone's pricing I'm guessing they'll offer a 500GH/s unit at $4.5-5K. If it's somehow lower than this I'll be pleasantly surprised.

They'll need to do much better then that.  You have an $7k, 400Mh/s unit in September, and then a $5.6k 400Mh/s unit in Late October.  The difficulty is going to double between those time periods, and likely most of the mining profitability will be gone - the delay will cost more then the 'discount'.

but it will be water cooled!  haha

[Xian01]

I really hate to be a turd in the punch-bowl like this, but I'm crying high and holy bullshit on anyone delivering 28nm and below before 2014.

[DyslexicZombei]

Curious to see their pricing so I can make my final decision on my last rig order of 2013.

Since they said they'll beat everyone's pricing I'm guessing they'll offer a 500GH/s unit at $4.5-5K. If it's somehow lower than this I'll be pleasantly surprised.

They'll need to do much better then that.  You have an $7k, 400Mh/s unit in September, and then a $5.6k 400Mh/s unit in Late October.  The difficulty is going to double between those time periods, and likely most of the mining profitability will be gone - the delay will cost more then the 'discount'.

Great points. I revise my estimate down to: 500GH/s at $3.5-4K, assuming shipping begins in late Nov. - early Dec.

[ffernandex]

Comparing billion dollard revenue to few million dollards revenue...... what a genius.

Gotta love the dollards!

[gkm22d]

Great points. I revise my estimate down to: 500GH/s at $3.5-4K, assuming shipping begins in late Nov. - early Dec.

LOWER!!!
it's called an anchor. The first number you have in your head will weight your final decision. Keep in mind asics seem to be about half as profitable every month.

[deadgiveaway]

I look forward to a cointerra pre order.

Everyone is trying to race to be first, or else it's too late, you will never get roi. You have everything to lose in a few weeks.

Cointerra isn't bothering with this stage of the race, and seems to be starting the next one.

They know full well, as everyone does, that the network hash rate could well be 5 petahash by the time they release their product, and they still feel like they will be competitive. I like that.

I think the steepest part of the difficulty chart would be September to November. A product that comes out when the chart flattens out a little will have an advantage.

But what do I know, I am a 3 post newb.

Why do people speak for others? How do you know what they know, or what their true strategy is? You are not God, you are merely a speculator. There were people like you saying the same thing about BFL, and they disappointed all their customers, even the loyal cheerleading speculator/gamblers. This ASIC mining game has proven to be a race to steal capital from as many people as possible, then use it to attain chips that will make their struggle even more difficult. The Bitcoin community is financing it's own demise with 99% of the investments it makes. No wonder the 1% exists in society.

[crumbs]

...The Bitcoin community is financing it's own demise with 99% of the investments it makes...

True in too many ways

[Anenome5]

I look forward to a cointerra pre order.

Everyone is trying to race to be first, or else it's too late, you will never get roi. You have everything to lose in a few weeks.

Cointerra isn't bothering with this stage of the race, and seems to be starting the next one.

They know full well, as everyone does, that the network hash rate could well be 5 petahash by the time they release their product, and they still feel like they will be competitive. I like that.

I think the steepest part of the difficulty chart would be September to November. A product that comes out when the chart flattens out a little will have an advantage.

But what do I know, I am a 3 post newb.

Be serious, man, there's a million ways things could go wrong for Cointerra too, and ship date is ultimately more important than efficiency at this point.

[gkm22d]

Be serious, man, there's a million ways things could go wrong for Cointerra too, and ship date is ultimately more important than efficiency at this point.

Actually, I think price would be more important.

[Flying Hellfish]

No wonder the 1% exists in society.

The wealthy elite ripped of that title from outlaw MC's.  Free advice if you ever meet a man with a 1% tattoo RUN don't walk away as quick as you can.

[Anenome5]

Be serious, man, there's a million ways things could go wrong for Cointerra too, and ship date is ultimately more important than efficiency at this point.

Actually, I think price would be more important.

Something is only a competitive advantage if your competition can't match it. KNC already announced a $5k price in November--the likely earliest ship date for Cointerra. What Cointerra might have on KNC is efficiency, maybe, we don't know exactly yet or by how much. KNC meanwhile has an earlier ship date, and that matters way more unless Cointerra wants to drop their miner's price precipitously in Nov, sub $5k, which I doubt they want to do.

[Anenome5]

I really hate to be a turd in the punch-bowl like this, but I'm crying high and holy bullshit on anyone delivering 28nm and below before 2014.

Bitbet - "KnCMiner will deliver ASIC devices before October 1st"

[Ytterbium]

Actually, I think price would be more important.

Something is only a competitive advantage if your competition can't match it. KNC already announced a $5k price in November--the likely earliest ship date for Cointerra. What Cointerra might have on KNC is efficiency, maybe, we don't know exactly yet or by how much. KNC meanwhile has an earlier ship date, and that matters way more unless Cointerra wants to drop their miner's price precipitously in Nov, sub $5k, which I doubt they want to do.
[/quote]

Right, and unlike Cointerra, KnC has already paid for all their NRE.   That means that, unlike Cointerra and KnC at this point - they can dump the chips for any price above their fabrication/production/shipping cost and still make a profit.  

In fact, they can actually operate at a slight loss until their competition gives up.

Only way Cointerra can beat them is if their chips are far cheaper to produce then KnC's.

Hopefully they're taking lessons from what's happening with HashFast.