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Author Topic: CoinTerra announces its first ASIC - Hash-Rate greater than 500 GH/s  (Read 230750 times)
Syke
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January 28, 2014, 09:50:53 PM
 #1521

30 days late for whom?   all december orders were moved into january (with comps so they are now officially january orders)... and we're still in january, and the first customer has their box.

Difficulty is up 2x since mid-December. Is everyone getting delivered double the hashrate immediately? No. While it's better than nothing, it's not even close to fair compensation for the delays.

Buy & Hold
Whoever mines the block which ends up containing your transaction will get its fee.
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Anotheranonlol
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January 28, 2014, 11:12:35 PM
Last edit: January 29, 2014, 01:08:55 PM by Anotheranonlol
 #1522

cutting through usual layer of "unprecedented hash power" "blazing performance" self-pats on the back to skip to actual meaty news portion of that press release and we can see there is 1 unpowered unit in their own office. so not yet pop champagne time for most watchers. but at least it is nice they had posted an update.

https://bitcointalk.org/index.php?action=profile;u=79116 this first customer. so no more information as yet. but they can buy little time with this post like hashfast. let's see if some tracking #'s show up in the wild

Flying Hellfish
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January 28, 2014, 11:19:12 PM
 #1523

online poker and computer games is my background and takes most of my time...   i have other sidelines including property development (in London!).. and of course, bitcoin mining is a new sideline for me.. a paid hobby.  becoming more than a hobby, actually.. but still, not my day job.

http://www.pkr.com/en/about-pkr/who-we-are/

http://en.wikipedia.org/wiki/Jez_San


Jez,

Will I ever be able to fund my PKR account with BTC? Smiley

I sure hope so one day!  I'm a Bitcoin fan of course. But we need our regulators to agree. And I think there's a good chance. Maybe in a year or two.  We're regulated in Alderney and they're actually quite pro bitcoin and think progressively. So fingers crossed!


Alderney?? Really, fuck that, those bozo's couldn't regulate my arse...  These Asshole's IMO let Lederer, Bitar et all get away with running a sinking ship WAY to long.  They we're against segregated player accounts.  Fuck these pricks IMO they do not have the little guys interest IMO, it's IoM or bust baby!!!  Thank god for PS or I would have been out a decent chunk of change...

Might as well throw the KGC in their as another joke regulator...
minternj
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January 29, 2014, 12:34:12 AM
 #1524

http://www.reddit.com/r/Bitcoin/comments/1webkm/i_am_the_guy_who_got_the_first_cointerra_miner_ama/

'
Quote
edit: Stats!

The miners typically run at ~1.7TH/s. I have seen it jump to 2TH/s and have seen it drop to 1.55TH/s but those speeds are not sustained.

There are 2 power supplies. Each pulls 1kW pretty much on the nose. Fans run at full speed all the time right now. I have been told a not-yet-scheduled firmware upgrade will address that as well as other power and speed improvements. I can only go on what I see right now though.

Warning about Nitrogensports.eu
https://bitcointalk.org/index.php?topic=709114.0
ProfMac
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January 29, 2014, 01:15:48 AM
 #1525

I plan to travel to Austin for a several day visit.  I am overdue to start the trip, but we are digging out after a blizzard and weather is widely difficult.

I can meet up if anyone desires.  My local watering holes are 1) The Hole in the Wall, a block up the street 2) The Local, and very near Capitol Plaza, The Nomad.
I can take a photograph of The Prime Wild CoinTerra if I get an invitation.
I could request a visit at Cointerra and issue a report, but that will take time away from production & I don't see what it would add.

I am the guy mentioned on the front page of the Sept. 19, 2013 Wall Street Journal, if that matters to anyone.



I try to be respectful and informed.
electerium
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January 29, 2014, 03:38:22 AM
 #1526


Damn, your boss is going to give you a bonus for that one.  Which one are you in that picture?   Tongue

clearly, since i don't live in the usa and do not work for any bitcoin company at all, not cointerra, not hashfast, not knc... not anyone!

... so i'm not in the cointerra picture!   actually, there is one picture of me at cointerra, when Jimmy and I visited last month and held a prototype box.  you can see photos of our trip report...  Jimmy & i placed an order jointly for the jan batch.

online poker and computer games is my background and takes most of my time...   i have other sidelines including property development (in London!).. and of course, bitcoin mining is a new sideline for me.. a paid hobby.  becoming more than a hobby, actually.. but still, not my day job.

http://www.pkr.com/en/about-pkr/who-we-are/

http://en.wikipedia.org/wiki/Jez_San


are my funds safe and secure?

will you be eating lobsters for lunch when the federal government seizes your domain and puts a hold on your international banking accounts?
aerobatic
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January 29, 2014, 03:42:34 AM
 #1527


Damn, your boss is going to give you a bonus for that one.  Which one are you in that picture?   Tongue

clearly, since i don't live in the usa and do not work for any bitcoin company at all, not cointerra, not hashfast, not knc... not anyone!

... so i'm not in the cointerra picture!   actually, there is one picture of me at cointerra, when Jimmy and I visited last month and held a prototype box.  you can see photos of our trip report...  Jimmy & i placed an order jointly for the jan batch.

online poker and computer games is my background and takes most of my time...   i have other sidelines including property development (in London!).. and of course, bitcoin mining is a new sideline for me.. a paid hobby.  becoming more than a hobby, actually.. but still, not my day job.

http://www.pkr.com/en/about-pkr/who-we-are/

http://en.wikipedia.org/wiki/Jez_San


are my funds safe and secure?

will you be eating lobsters for lunch when the federal government seizes your domain and puts a hold on your international banking accounts?

PKR has never operated in the USA. The Feds have no beef with us.  And yes, your money is safe.  We use triple aaa rated banks to hold customer funds.  And of course they're ring fenced.  If something unexpectedly bad happened and the company died tomorrow, the customer funds would still be safe and sound.  The way it should be with any legitimate company.

Btw. I don't eat seafood.  A big hunk of hot dead cow would be a better choice..
plato14
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January 29, 2014, 05:19:12 AM
 #1528

DATELINE 1/28/2014

When we founded CoinTerra in the summer of 2013 we set out to revolutionize the Bitcoin mining hardware industry by designing an innovative Bitcoin mining ASIC that delivers truly exceptional performance. The anticipation has been intense, and less than six months later we’re excited to say that this week we have started to ship the first production units to our early customers. We have realized the goal of building the highest performance standalone Bitcoin miner which delivers the lowest price per gigahash on the market.

Despite the power efficiency issues detailed in our previous status update, the production TerraMiner IV delivers unprecedented performance and value:

1.63-1.72TH/s performance for the TerraMiner IV
Lowest price per GH available on the market
The fastest self-contained Bitcoin miner in the world
We believe that it is in our customers’ best interest to receive hardware as soon as possible, so we will begin shipping our initial production TerraMiners immediately. The first units should start arriving at customers later this week as we ramp up towards volume production.

In consideration of the above, we are offering our January and February batch retail customers (orders placed at the cointerra.com website store) a coupon redeemable against their next order for the performance discrepancy of our first run of TerraMiners. January and February batch retail customers may choose one of the following two options:

 

For January or February batch retail customers who wish to receive their TerraMiner order in the currently-shipping specification we will offer a 15% discount coupon* redeemable against their next retail hardware order placed at the CoinTerra website store.  If a January or February batch retail customer chooses to accept their order as-is they will automatically receive this coupon.
We understand that some January or February batch customers may wish to request a refund, in which case we will offer a full refund of US dollars received for their order. Customers wishing to request a refund should contact support@cointerra.com with their unique order ID. For those customers who choose the refund option we would like to extend the offer of a 5% discount coupon* redeemable against their next retail hardware order placed at the CoinTerra website store.
 

For our March and later batch customers we will of course assess the situation before shipping and in the meantime we shall continue to work on resolving the remaining power efficiency issues. We also have some exciting announcements lined up for the near future which we hope to share with you soon!

 

Sincerely,

Team CoinTerra

http://cointerra.com/update-production-news-janfeb-batch-customer-offer/

 

* Coupons are valid for orders placed at the CoinTerra website store through December 31, 2014. One discount coupon will be issued per unit in an existing paid order, redeemable towards the cost of one unit per coupon in the next order placed. Coupons are non-transferrable and are associated with the customer’s cointerra.com account on file for their original order.


Cointerra is offering 15% discount on next purchase for January and February Customers, Why in the fuck would I ever want to order anything from you again cointerra, go fuck yourself and send us our fucking machines.
dentro
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January 29, 2014, 05:34:04 AM
 #1529

a 15% discount coupon for -20% hashing power and +20 electricity consumption? 
Syke
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January 29, 2014, 05:38:20 AM
 #1530

a 15% discount coupon for -20% hashing power and +20 electricity consumption? 

With difficulty +100% due to delayed shipment.

Buy & Hold
Alvi
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January 29, 2014, 07:13:05 AM
 #1531

15% off per unit.

if you have 4 unit ordered that's almost 1.6TH loss in hash rate that equals to another terraminer so in order to get full discount i have order another 4 future miner? that's not cool.
RickJamesBTC
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January 29, 2014, 07:15:04 AM
 #1532

It is false advertising, and the fact that they still sell them as 2th miners when they know they can't produce that now is pretty lame.

newguy05
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January 29, 2014, 07:54:51 AM
 #1533

Cointerra is offering 15% discount on next purchase for January and February Customers, Why in the fuck would I ever want to order anything from you again cointerra, go fuck yourself and send us our fucking machines.

sorry but this made me lol  Grin  was just reading their announcement and suddenly saw this at the end..

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VolanicEruptor
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January 29, 2014, 07:57:39 AM
 #1534

Sorry your car is missing 20% of its engine... we'll give you a discount on your next one!

asnghost
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January 29, 2014, 12:48:16 PM
 #1535

Sorry your car is missing 20% of its engine... we'll give you a discount on your next one!

And it's more Gas than advertised...... Cry Cry

How late is the feb batch going to be??

600watt
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January 29, 2014, 01:14:38 PM
 #1536

Sorry your car is missing 20% of its engine... we'll give you a discount on your next one!


sorry you went broke for trusting our promises...  we´ll give you a discount when you want to get broke again  Wink
5craziest
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January 29, 2014, 01:58:57 PM
 #1537

It's interesting that they don't mention refund requests for March orders and beyond.  I wonder if they will issue those on request?
plato14
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January 29, 2014, 02:12:00 PM
 #1538

It's interesting that they don't mention refund requests for March orders and beyond.  I wonder if they will issue those on request?

if i was a customer for anything later than feb i would be getting out before there is another price increase.
Tegija
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January 29, 2014, 02:42:26 PM
 #1539

15% off per unit.

if you have 4 unit ordered that's almost 1.6TH loss in hash rate that equals to another terraminer so in order to get full discount i have order another 4 future miner? that's not cool.

exactly!
I ordered 4 units with total hash power of 8 TH/s. And paid for 8 TH/s. cointerra advertised that it will be the first miner to break 3$ per GH/s wall.

i want my 8TH hashing power, so please send me my extra unit!

if CT does not give me a extra miner, it would mean that i have loss of 5999$, so why i should be happy about 4 rebatcoupons with value of ca 3600???

it is just ridiculous to offer some coupons without any real value: if i would buy now one may batch TM i would still have to pay 5999*0.95-3600=2100$ for machine wich does not give me back anything... Should i really pay 2100$ (+shipping) for my PAID hashing power to get it shipped in may??? idiotic!!!


Enjoy your life!
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January 29, 2014, 04:13:48 PM
 #1540

has anyone got their shipping tracking # yet?
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