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

[5craziest]

Makes you wonder if they even have the resources.  They only mentioned refunds through Feb orders.  I wonder if they have the capital reserve to issue refunds beyond that.

[aerobatic]

Makes you wonder if they even have the resources.  They only mentioned refunds through Feb orders.  I wonder if they have the capital reserve to issue refunds beyond that.

more likely they're continuing to tweak...   and maybe they don't know what performance they will have for march and maybe it will be faster, or even full speed?

[aerobatic]

has anyone got their shipping tracking # yet?

not yet...  I'm still hoping for the next week or two.  I'm also hoping for my hashfast 'sierra' order to be delivered in a similar time.  i just received a baby jet today, so the rest may be being built as we speak...  the race is on!

[robust]

Doesn't make any sense giving 15% discount on your next order . When really they should be giving at least 20% part refund as they have not provided what was advertised. Has anyone asked for a part refund? or got better than 15% discount on next order?

[GodHatesFigs]

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

So take them up on their offer of a refund and still get 5% off your next order!

[aerobatic]

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......

How late is the feb batch going to be??

OK.. please dont shoot me.  im just playing devils advocate here.. and using your car analogy... to show you from cointerra's point of view.

youve ordered a sports car that was advertised as going at 200 MPH and consume 20 MPG and youve paid them $6,000 up front for it.

Now, theyve come back and told you that theyre sorry, that the car that they built will go 170 MPH, and consume 24 MPG and with further tweaks in the future it may go faster.

Theyve told you you can have a choice...

do you still want your sports car delivered even though it goes a little slower.. at 170 MPH and consumes 24 MPG?  or would you prefer a refund?

Do you think a car company would allow you to take your car... but because it doesnt go 200 MPH and only goes 170 MPH do you think they will offer you a 15% refund?  (i dont think so).   theyre offering you your only two choices... 1.  take it as is and hope they continue to tweak it... or 2.  have a refund.

The cost of building the car was the same so its not like they can afford to refund you anything.  if you choose to take a refund they will sell the car to someone else.

dont shoot me.. im just explaining it in the way that theyre seeing it.. and using your car analogy works well.

[Tegija]

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......

How late is the feb batch going to be??

OK.. please dont shoot me.  im just playing devils advocate here.. and using your car analogy... to show you from cointerra's point of view.

youve ordered a sports car that was advertised as going at 200 MPH and consume 20 MPG and youve paid them $6,000 up front for it.

Now, theyve come back and told you that theyre sorry, that the car that they built will go 170 MPH, and consume 24 MPG and with further tweaks in the future it may go faster.

Theyve told you you can have a choice...

do you still want your sports car delivered even though it goes a little slower.. at 170 MPH and consumes 24 MPG?  or would you prefer a refund?

Do you think a car company would allow you to take your car... but because it doesnt go 200 MPH and only goes 170 MPH do you think they will offer you a 15% refund?  (i dont think so).   theyre offering you your only two choices... 1.  take it as is and hope they continue to tweak it... or 2.  have a refund.

The cost of building the car was the same so its not like they can afford to refund you anything.  if you choose to take a refund they will sell the car to someone else.

dont shoot me.. im just explaining it in the way that theyre seeing it.. and using your car analogy works well.

the point is that they did not take only part of money upfront but full payment.
they miscalculated and have to see it as their business risk. its pretty clear that hey know what they promised and were not able to fulfill it. i (we) fulfilled our part of contract (paid it upfront etc.), so the question is: why we should pay for CT miscalculation?
nobody believes (and its for sure not so) that CT is working with 0% profit. you can be sure that they will make their ROI...

I understand your point of view good but don´t think that CT should get full profit and we should lose most of our profit.
15% coupon on next purchase is just a Ponzi-like offer with pushing our promised/missing hash power to may-batch and even asking extra money NOW for that that we get it at all...

[testerx]

has anyone got their shipping tracking # yet?

I don't have anything and I was a pretty early December customer who paid for overnight shipping....do December orders get anything? Not that it matters since I also have a Jan order

[aerobatic]

has anyone got their shipping tracking # yet?

I don't have anything and I was a pretty early December customer who paid for overnight shipping....do December orders get anything? Not that it matters since I also have a Jan order

did cointerra not convert your december order into a jan (+1 later) order?  (with your agreement)

[Entropy-uc]

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......

How late is the feb batch going to be??

OK.. please dont shoot me.  im just playing devils advocate here.. and using your car analogy... to show you from cointerra's point of view.

youve ordered a sports car that was advertised as going at 200 MPH and consume 20 MPG and youve paid them $6,000 up front for it.

Now, theyve come back and told you that theyre sorry, that the car that they built will go 170 MPH, and consume 24 MPG and with further tweaks in the future it may go faster.

Theyve told you you can have a choice...

do you still want your sports car delivered even though it goes a little slower.. at 170 MPH and consumes 24 MPG?  or would you prefer a refund?

Do you think a car company would allow you to take your car... but because it doesnt go 200 MPH and only goes 170 MPH do you think they will offer you a 15% refund?  (i dont think so).   theyre offering you your only two choices... 1.  take it as is and hope they continue to tweak it... or 2.  have a refund.

The cost of building the car was the same so its not like they can afford to refund you anything.  if you choose to take a refund they will sell the car to someone else.

dont shoot me.. im just explaining it in the way that theyre seeing it.. and using your car analogy works well.

Your car analogy breaks down because losing top speed doesn't affect the utility of the vehicle in any practical way.

It would be more relevant to say you bought a truck to haul gravel 2 tons at a time to a site 500 miles away on one tank of gas.

Now they tell you that the truck can only haul 1.6 tons of gravel 350 miles.  Your needs haven't changed so you have to figure out a way to get 150 miles of extra gas into the truck, and buy more trucks to meet your contract.

There is definitely some amount of risk sharing by customers in this case that is reasonable.  But a tiny discount on future hardware doesn't really seem to be compensation.

I'm hoping to see much better communication from Cointerra this week.  Timing is still the most important factor, and a recovery there for January and February orders would improve my views greatly.

[gmaxwell]

did cointerra not convert your december order into a jan (+1 later) order?  (with your agreement)

I think the point there is that the claim that they're shipping is a currently unsubstantiated. People with early orders, who would have expected to have heard something, seem to have heard nothing so far.

[testerx]

has anyone got their shipping tracking # yet?

I don't have anything and I was a pretty early December customer who paid for overnight shipping....do December orders get anything? Not that it matters since I also have a Jan order

did cointerra not convert your december order into a jan (+1 later) order?  (with your agreement)

No they did not, is this an offer?  They simply gave me a March order as well so if they are offering conversions to January then they owe me about 2000 usd since I paid 14k for a December unit which will apparently be underperforming

[CurcO]

I'm Batch 2 and I just got screwed by the compensation. Cointerra seems more like " CONterra"
For this to be fair it has to be just as Dec orders we should be offered a TerraMiner II from a later batch like April or May, since we are getting -20% less Hashing and 20% more power usage. 

[JoseSan]

 I can see approximately 250-300 units. That's about 1/3 of the December order queue that we can (sort of) confirm physically exist. They pushed the button to start production sometime last week, so perhaps the last December orders will have to wait another week or two. I'm hoping I'm wrong, but that's a pretty good worst-case guess given the image.

[Alvi]

I think people who has only 1 order should be ok with 1.6TH until they improve the speed, but think of people who has 4 or more orders, loss of 400GB per unit equals to 1.6TH that's alot.

[gmaxwell]

I only wish the reduced rate had come with better than anticipated power usage instead of the reverse.

[Entropy-uc]

I only wish the reduced rate had come with better than anticipated power usage instead of the reverse.

If wishes were horses...

Unfortunately the power consumption and performance are coupled together.  Cointerra targeted a very high clock rate, and designing boards for that is not easy.  I expect they will be able to improve on the board design and capture both their original target performance and substantially improve upon the power consumption.  But that is going to take time, and it makes no sense to hold off on shipping a functional design to gain 20% when difficulty goes up by that much every 10 days.

I still see them as the most professional organization in the market today.  Organizations are tested when things don't go to plan.  What Cointerra does in the next few weeks will define their reputation forever.  Andy Grove saved Intel's reputation by making the tough decision and recalling the CPUs with FDIV defects.  Ravi is going to have to make a similar decision here.

[plato14]

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......

How late is the feb batch going to be??

OK.. please dont shoot me.  im just playing devils advocate here.. and using your car analogy... to show you from cointerra's point of view.

youve ordered a sports car that was advertised as going at 200 MPH and consume 20 MPG and youve paid them $6,000 up front for it.

Now, theyve come back and told you that theyre sorry, that the car that they built will go 170 MPH, and consume 24 MPG and with further tweaks in the future it may go faster.

Theyve told you you can have a choice...

do you still want your sports car delivered even though it goes a little slower.. at 170 MPH and consumes 24 MPG?  or would you prefer a refund?

Do you think a car company would allow you to take your car... but because it doesnt go 200 MPH and only goes 170 MPH do you think they will offer you a 15% refund?  (i dont think so).   theyre offering you your only two choices... 1.  take it as is and hope they continue to tweak it... or 2.  have a refund.

The cost of building the car was the same so its not like they can afford to refund you anything.  if you choose to take a refund they will sell the car to someone else.

dont shoot me.. im just explaining it in the way that theyre seeing it.. and using your car analogy works well.

You're missing one very important variable in this analogy TIME, if the longer time went by for them tweaking the car more useless it would become.

[Carlton Banks]

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......

How late is the feb batch going to be??

OK.. please dont shoot me.  im just playing devils advocate here.. and using your car analogy... to show you from cointerra's point of view.

[...]

dont shoot me.. im just explaining it in the way that theyre seeing it.. and using your car analogy works well.

I'd extend the analogy further. The car is designed to be involved in a permanent competitive race, where you can enter as many cars as you like to win more prize money from the fixed overall pot. I'd want my underspecced car sooner. But I'd also order from the 2nd production run of a prototype design, unless that prototype was for a new deign paradigm.

If you're upset with your own investment decision, then welcome to the world of buying pre-orders for custom mining hardware. You have to be lucky or judge carefully to make a good call, if so many people weren't making quick decisions then there wouldn't be so much wailing and bawling in these threads. You can see the wailing and bawling for yourselves, why put yourself through that? The only choice you have is to accept any loss quickly with dignity, or drag it out for as long as possible with the accompanying misery and frustration.

[Entropy-uc]

If you're upset with your own investment decision, then welcome to the world of buying pre-orders for custom mining hardware. You have to be lucky or judge carefully to make a good call, if so many people weren't making quick decisions then there wouldn't be so much wailing and bawling in these threads. You can see the wailing and bawling for yourselves, why put yourself through that? The only choice you have is to accept any loss quickly with dignity, or drag it out for as long as possible with the accompanying misery and frustration.

Pre-orders leave the customer vulnerable to being cheated.  That doesn't justify cheating the customer.

Do you spend a lot of time talking to rape victims about what they were wearing when they were attacked?