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Author Topic: CoinTerra announces its first ASIC - Hash-Rate greater than 500 GH/s  (Read 230748 times)
Grasberg
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April 13, 2014, 05:09:33 PM
 #2221

if theyre shipping from stock, where the f**k is my april order???

some ppl talk so much shit its hard to wade through

Send in a request to cancel your order.  I did (except to actually cancel) and boom, next e-mail was that my order was preparing to ship.
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Every time a block is mined, a certain amount of BTC (called the subsidy) is created out of thin air and given to the miner. The subsidy halves every four years and will reach 0 in about 130 years.
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Pentax
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April 14, 2014, 05:38:02 PM
 #2222

I'm surprised there hasn't been a class action against Cointerra.

 
I think it should be explored.  They've sold one thing and delivered another.
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April 14, 2014, 07:35:25 PM
 #2223

I just remembered about this thread: https://bitcointalk.org/index.php?topic=303244.0 and i want to ask. Is CoinTerra providing cooling solutions from CoolIT or it was just a marketing scheme like HashFail with CIARA?

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April 14, 2014, 07:54:34 PM
 #2224

Refund requested.

 Apr 14 10:49

Hi Edgar,

I will add you to the refunds list. Please note refunds take up to 4 weeks to process. Thank you for your patience.

Best Regards,
Christina

Did you happen to ask Christina why it takes them up to 4 weeks to process a simple refund request? Do they keep records on used kleenex and do maths with an abacus? All of the american scam companies(which is all of the american manufacturers) employ this tactic as well. Funds go in real quick, but take weeks or months to come out...if ever.
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April 14, 2014, 08:10:29 PM
 #2225

Because they need the time to mine more coins and convert to fiat.
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April 15, 2014, 01:46:48 AM
 #2226

if theyre shipping from stock, where the f**k is my april order???

some ppl talk so much shit its hard to wade through

They said April orders will ship in April.  12 days in and not even halfway through the month I think you could be a little more patient.  THey seemed pretty confident they'd be on time and you're jumping the gun claiming they havn't shipped yet. Plenty of April left to go and there's a good chance you will get it in days not weeks.



Relax. Dude, they told me they will give me a March batch one for compensation, it's April 15 now and I haven't receive it.
By the way, anyone received their compensation miner ? 
DustyRah
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April 15, 2014, 02:05:59 PM
 #2227

Because they need the time to mine more coins and convert to fiat.

rofl!
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April 15, 2014, 02:22:27 PM
 #2228

Because they need the time to mine more coins and convert to fiat.

rofl!

yah "Now powering > 10% of the Bitcoin network!!"
(with your money)

oh and sorry that you paid for 2 Th/s and that we gave you 1.6 and kept your money anyhow
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April 15, 2014, 07:11:40 PM
 #2229

Glad I perused this thread before even contemplating buying "from stock".  Unreliable product and 4 weeks for refunds = FAIL!

$3/GH is a more competitive price but still a loser now...

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April 15, 2014, 08:21:36 PM
 #2230

Glad I perused this thread before even contemplating buying "from stock".  Unreliable product and 4 weeks for refunds = FAIL!

$3/GH is a more competitive price but still a loser now...

I looked at that too.  I've got an utterly useless 'coupon' for the fact that they sold me a 2 Th/s miner and delivered a 1.6 Th/s miner, which I could apply also.  To get my 'compensation' I have to buy another one of their products?  Give me a break. 

here's an idea in terms of compensation for selling deficient miners to your customers, a couple actually: upgrade the thing, or give me a mining card, or give me 20% of my money back. 

They have all of those options available and have decided to instead to offer themselves more profit as compensation to the customer for getting short-changed by ~20% on the hashpower those people paid for.

I wonder if they had a good laugh in the boardroom over the idea of getting suckers to give them more money as 'compensation' for delivering a deficient product in the first place.  What a joke.
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April 15, 2014, 09:20:59 PM
 #2231

totally agree!

DustyRah
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April 15, 2014, 09:24:30 PM
 #2232

They have the in stock 1.6Th/s miners out on sale for $4799. Lots of people must have cancelled their order and requested a refund.
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April 15, 2014, 09:50:48 PM
 #2233

So CoinTerra went HashFail way? Selling "in stock" items while pre-order customers didn't received their orders?

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April 15, 2014, 10:03:01 PM
 #2234

I have a CT IV which hashes about 1.1 thps.  That's 55% of what I paid for.  They seem disinclined to provide any satisfaction.

Are there any lawsuits pending which I might join?  Is anyone else interested in joining a class action?

Give a man a fish and he eats for a day.  Give a man a Poisson distribution and he eats at random times independent of one another, at a constant known rate.
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April 15, 2014, 10:08:24 PM
 #2235

I have a CT IV which hashes about 1.1 thps.  That's 55% of what I paid for.  They seem disinclined to provide any satisfaction.

Are there any lawsuits pending which I might join?  Is anyone else interested in joining a class action?
why would anyone need a class action lawsuit.  Try a regular small claims lawsuit.  The good thing is collecting on the judgement will be super easy.

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April 15, 2014, 11:17:09 PM
 #2236

I have a CT IV which hashes about 1.1 thps.  That's 55% of what I paid for.  They seem disinclined to provide any satisfaction.

Are there any lawsuits pending which I might join?  Is anyone else interested in joining a class action?
why would anyone need a class action lawsuit.  Try a regular small claims lawsuit.  The good thing is collecting on the judgement will be super easy.

class action is likely better.  a good lawyer has a better chance of winning than any one of us showing up in court.  that will cost some amount of money.  and yes, I'd be willing to look at that option, as it becoming clear that they have no plans to do anything about any of this.
DustyRah
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April 16, 2014, 12:41:07 AM
 #2237

What action did you guys take when one of the 4 cores stopped working? As though its not already bad with 20% less hashrate now one of the cores has stopped working reducing the hash rate to 1.2 Th/s.
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April 16, 2014, 12:44:18 AM
 #2238

What action did you guys take when one of the 4 cores stopped working? As though its not already bad with 20% less hashrate now one of the cores has stopped working reducing the hash rate to 1.2 Th/s.
Just restart cgminer from the config tab.

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-ck
Syke
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April 16, 2014, 01:22:26 AM
 #2239

class action is likely better.  a good lawyer has a better chance of winning than any one of us showing up in court.  that will cost some amount of money.  and yes, I'd be willing to look at that option, as it becoming clear that they have no plans to do anything about any of this.

Small claims court is the best. No lawyers allowed, so minimal cost to go to small claims court. It would be easy to show you ordered a product with specific performance, and were delivered something that fails to meet the specs (or not delivered anything, etc). The hard part is you have to show up in their home town court. If you live far away, that would be a problem.

Buy & Hold
DustyRah
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April 16, 2014, 01:31:54 AM
 #2240

What action did you guys take when one of the 4 cores stopped working? As though its not already bad with 20% less hashrate now one of the cores has stopped working reducing the hash rate to 1.2 Th/s.
Just restart cgminer from the config tab.

No luck restarting cgminer. I also restarted the machine both using Restart System option and hard booting it. The 2nd core of CTA0 appears to be hosed. I have left a voicemail and sent an email. Hope to have this resolved ASAP with Cointerra's asistance.
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