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

[gmaxwell]

8BTC might be high, but $6,000 seems reasonable. If this is the best way for one to buy into BTC why not?

Right now, you can buy 8 BTC for $6000. If someone wants to take my bet but doesn't have the BTC now, I can help them purchase the BTC at market prices.

[jonoiv]

Jan and Feb batches are going to be screwed now.

I see no reason to think my order will not get to me in Jan. I'm an early Jan order

What I meant by Jan and Feb batches being screwd is now batch 1 is going to be twice the hash rate. So your batch 2 is now going to be like a batch 3.

that doesnt seem to make sense.  if the december batch (1) arrives in early jan, how is it any different to the january and february batches... they still have the same hash power in front of them, regardless of whether the 'late december' batch arrives in 'late dec' or 'early jan'

same hash power. but watered down.

If every delayed dec order gets a march order too.

The then people that paid for a march order will have a machine that will be competing for an even smaller slice of the pie.  The hash power from dec orders is essentially doubled. resell value is reduced.

[aerobatic]

Jan and Feb batches are going to be screwed now.

I see no reason to think my order will not get to me in Jan. I'm an early Jan order

What I meant by Jan and Feb batches being screwd is now batch 1 is going to be twice the hash rate. So your batch 2 is now going to be like a batch 3.

that doesnt seem to make sense.  if the december batch (1) arrives in early jan, how is it any different to the january and february batches... they still have the same hash power in front of them, regardless of whether the 'late december' batch arrives in 'late dec' or 'early jan'

same hash power. but watered down.

If every delayed dec order gets a march order too.

The then people that paid for a march order will have a machine that will be competing for an even smaller slice of the pie.  The hash power from dec orders is essentially doubled. resell value is reduced.

just checking you realise there are already some other people mining bitcoins out there?   the network is 11 Petahash today and is still growing quite rapidly.   Whether cointerraships the batch 1 customers one or two machines, is hardly going to make a difference to anyone else's order when there's 11 out there right now, and in a few weeks it could be 15 or even 20 PH !

[aerobatic]

cointerra is now shipping an extra miner in march for people that ordered in december?  i thought the deal was 20% increase on mining power if they were late

I'm not sure what their overall plan is.. but technically they're not 'late'.  not even for the december batch which had a delivery guarantee by jan 31st.  but i think the offer they made their december customers was better than their 'lateness' compensation anyway

-- jez

[miahallen]

cointerra is now shipping an extra miner in march for people that ordered in december?  i thought the deal was 20% increase on mining power if they were late

IIRC, that applies only if they were more than 30 days late.
I'm glad I switched to a early JAN batch though.  I doubled my order (two Terraminer IVs) and got a $2000 refund...seems a much better deal than to have stayed with my DEC order and get an extra box in March.

It seems to me they are playing by the same rules as KnC, under-promise/over-deliver type philosophy, and offering compensation even when none was promised.  It blows my mind that when a company does something like this there are still so many whiners out there.  Like when KnC revealed that their Jupiter machine (I own a 1st batch) was shipped at 550GH/s instead of the promised 400 and many users started complaining that they were only getting 520 or whatever.  Mine has been hashing at only 480 for the past month or so, but I haven't complained once...it is a huge bonus over the 400GH/s rating that was promised to me when I placed the order.

[plato14]

so i know this is cointerra's thread but difficulty is relevant.... does anyone know if hashfast is done bullshitting now, and if they are finally shipping their product? I'm starting to see a lot of drama over there most people have good reason to be angry, i feel like cointerra really has their shit together compared to them although they are still going to be late on our miners they didn't promise October shipment, sad because i thought they actually looked quite respectable.  Also does anyone have any predictions for when the early January orders will be shipped to customers?

[sharedminers]

8BTC might be high, but $6,000 seems reasonable. If this is the best way for one to buy into BTC why not?

Right now, you can buy 8 BTC for $6000. If someone wants to take my bet but doesn't have the BTC now, I can help them purchase the BTC at market prices.

I'd be interested in getting one pm me details please

[RickJamesBTC]

Is CoinTerra shipping early next week? Here is a response from an ebay seller with solid feedback who claims to be related to an employee.

"They are in Texas where my brother works. He works for Cointerra. I'm flying there this weekend to pick them up in time for the auctions to close and then shipping them to winning bidders.

- butterfliesandthings"

Take it however you want. Just passing on the possible news.

[User705]

Haha RickJamesBTC.  You beat me to it.  I was about to repost your HF thread post.

[RickJamesBTC]

Figured I'd mention it here, even if it could be completely false. They have a lot of feedback, and are selling a bunch of asic machines. It really wouldn't be worth losing your ebay account for a few quick bucks.

[Bitcoinorama]

Is CoinTerra shipping early next week? Here is a response from an ebay seller with solid feedback who claims to be related to an employee.

"They are in Texas where my brother works. He works for Cointerra. I'm flying there this weekend to pick them up in time for the auctions to close and then shipping them to winning bidders.

- butterfliesandthings"

Take it however you want. Just passing on the possible news.

C'mon look at what else is listed and when it was listed. It's a scam, someone has spoofed the account of another member with a lot of trust that sells books on autopilot. The only recent sales have been for real estate ebooks, now they sell every miner known to man all finishing in 2 days and three hours...

[RickJamesBTC]

Like I said, take it as you want. However, it takes a lot of effort to cash out a large amount from paypal, even on a stolen account. All kinds of checks happen along the way. The auction end times are spread out between a few days.

[Bitcoinorama]

Like I said, take it as you want. However, it takes a lot of effort to cash out a large amount from paypal, even on a stolen account. All kinds of checks happen along the way. The auction end times are spread out between a few days.

That's what I previously thought, but they then state Paypal has limited their ability to receive large sums due to the volume of miners he has sold, will have to be bank transfer or BTC if you want it, the  greedier fools then cough up. Saw a guy do it just before Christmas with a load of 350 Gh/s Avalon clones that supposedly were made by ASICminer using his new 55nm chips he's not developing?! In any case I told eBay it was fraud, I rang twice, and they did nothing. He had 24 auctions ending at approx $7k...

[RickJamesBTC]

Like I said, take it as you want. However, it takes a lot of effort to cash out a large amount from paypal, even on a stolen account. All kinds of checks happen along the way. The auction end times are spread out between a few days.

That's what I previously thought, but they then state Paypal has limited their ability to receive large sums due to the volume of miners he has sold, will have to be bank transfer or BTC if you want it, the  greedier fools then cough up. Saw a guy do it just before Christmas with a load of 350 Gh/s Avalon clones that supposedly were made by ASICminer using his new 55nm chips he's not developing?! In any case I told eBay it was fraud, I rang twice, and they did nothing. He had 24 auctions ending at approx $7k...

I reported them when I saw them as well, but I don't see that part about not accepting paypal, at least on the "cointerra" box options. He's quick as hell to respond to ebay messages, I asked if he could get me more than those two, he said he had three waiting for him. A good scammer would have told me they could get me up to ten if I can come up with 10k each.

[DPoS]

don't forget they will pump up a few similar listings with junk accounts to set the 'going rate' in hopes others feel left out and justify the high price

most likely any buyers are scammers too..  scammers vs scammers is probably why eBay doesn't want to bother with it at all

[RickJamesBTC]

don't forget they will pump up a few similar listings with junk accounts to set the 'going rate' in hopes others feel left out and justify the high price

most likely any buyers are scammers too..  scammers vs scammers is probably why eBay doesn't want to bother with it at all

I do a fairly large volume of sales on ebay, and have for almost 14 years. I've sold a number of high dollar items, including cars, boats, even a  KNC Jupiter during the peak, with no problem. There are plenty of honest users on ebay. A little caution is always good, but don't just rule it out.

[timmah]

I reported them when I saw them as well, but I don't see that part about not accepting paypal, at least on the "cointerra" box options. He's quick as hell to respond to ebay messages, I asked if he could get me more than those two, he said he had three waiting for him. A good scammer would have told me they could get me up to ten if I can come up with 10k each.

A good scammer would do exactly what that person is doing, giving you the most realistic numbers/story.  10 would raise flags, I'm sure there are many people asking and if it's a scam the "three" could be sold many times to many people... as it sounds a whole lot more realistic.

Same thing people have done in real estate, sell a house (that is not even yours) to 3 people then bone out and let the actual owner and buyers sort it out.

[aerobatic]

Like I said, take it as you want. However, it takes a lot of effort to cash out a large amount from paypal, even on a stolen account. All kinds of checks happen along the way. The auction end times are spread out between a few days.

i think its a scam too.   cointerra will ship in strict priority order...   and while it'd be great to think they will ship next week, they haven't shown working systems yet, and we should expect that milestone to happen before they're ready to ship.  i think they will ship in jan... but not early jan so this ebay thing is a scam.

[CanadianGuy]

Hoping for an update.  According to their forum, one of their employees was hoping to have december machines shipped by the weekend..

[Bicknellski]

nevermind then i guess..
i deleted my post after i realized the site was working, and then got jumped on
nice way of shitting up the thread, go us..

LOL. Classic.


Are they shipping?