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

[solarion]

In other words, officially a shill.

I was already mentally ignoring your posts, I'll make the ignore official as well.

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[aerobatic]

In other words, officially a shill.

self declared bias.  am not trying to pull the wool over anyone's eyes.

if i was a shill, i wouldn't tell you i was advising them now, would i?  defeats the object.  shilling requires subterfuge.

previously, i was just a good investomer.  now I'm also advising them.  still a customer of others too.

-- Jez

[RoadStress]

In other words, officially a shill.

self declared bias.  am not trying to pull the wool over anyone's eyes.

if i was a shill, i wouldn't tell you i was advising them now, would i?  defeats the object.  shilling requires subterfuge.

previously, i was just a good investomer.  now I'm also advising them.  still a customer of others too.

-- Jez

Why did you exit your investor position?

[aerobatic]

In other words, officially a shill.

self declared bias.  am not trying to pull the wool over anyone's eyes.

if i was a shill, i wouldn't tell you i was advising them now, would i?  defeats the object.  shilling requires subterfuge.

previously, i was just a good investomer.  now I'm also advising them.  still a customer of others too.

-- Jez

Why did you exit your investor position?

i didn't.  I'm also an investor in other bitcoin mining companies too.

[RoadStress]

Why did you exit your investor position?

i didn't.  I'm also an investor in other bitcoin mining companies too.

Sorry misread. Can you share them?

[solarion]

what's the problem? six seconds to pay them and six days for them to be bothered with updating your refund request.

[aerobatic]

just want to confirm that as of an hour or so ago i have formally accepted cointerra's invitation to become an 'advisor'
...
-- Jez

Hey Jez,

That's good news Cointerra would establish this kind of role. They're trying; it's a rough game, but they're trying.

I'd really like to get some feedback about something I mentioned a while back:

There are a lot of cgminer fixes and stability improvements with the latest firmware.

Is there any possibility that something was changed that would affect p2pool performance? Take the following graph:


https://i.imgur.com/krWBoVA.png

I don't want to have to reverse-engineer the software to figure out why something improved and what I can do to work around it. The 0.7.X version requires fewer automated restarts and lowers the operating temperature by up to 5°C, but I have to use a conventional pool to enjoy these benefits. With such a low stale rate, it's silly *not* to be using p2pool with Cointerra's machines, but I wish it worked at full power like the previous version (0.6.X). Could you mention this to someone there? If only to get a brief comment like, "ya, it's a problem, we know about it".

Hey San Jose...

thanks, i will be visiting cointerra next week and will ask them to look into it...   i was under the impression that the 0.7 version tries to optimise the asic settings more accurately, which should result in stable performance and power for each asic.  why that should have any negative effect is unexpected and i will ask them to look into it.

-- Jez

[feverpitch]

I think ive read through 90% of this thread and it took me weeks.  lol

Anyway, i just bought a Terrmaminer iv!  Pretty damn stoked i must say.  Any tips?  The guy I bought it from says it's fully configured... should it just be a matter of plug and play?  It should be here *fingers crossed* tomorrow morning.

SO STOKED!

Not my first rodeo, but my first 1TH+ miner. 

[DustyRah]

I think ive read through 90% of this thread and it took me weeks.  lol

Anyway, i just bought a Terrmaminer iv!  Pretty damn stoked i must say.  Any tips?  The guy I bought it from says it's fully configured... should it just be a matter of plug and play?  It should be here *fingers crossed* tomorrow morning.

SO STOKED!

Not my first rodeo, but my first 1TH+ miner. 

Good luck making your money back~

[feverpitch]

I think ive read through 90% of this thread and it took me weeks.  lol

Anyway, i just bought a Terrmaminer iv!  Pretty damn stoked i must say.  Any tips?  The guy I bought it from says it's fully configured... should it just be a matter of plug and play?  It should be here *fingers crossed* tomorrow morning.

SO STOKED!

Not my first rodeo, but my first 1TH+ miner. 

Good luck making your money back~

bought it 2nd hand...
Pretty sure I'lll be able to make my money back.  why the negativity?!

[Grasberg]

I can't speak for Dusty, but with current known and assumed information, someone took a bath on that unit.  The only set of scenarios that let that thing pay off at list price, you'd be better off buying coins with the money rather than the hardware.

[DustyRah]

I can't speak for Dusty, but with current known and assumed information, someone took a bath on that unit.  The only set of scenarios that let that thing pay off at list price, you'd be better off buying coins with the money rather than the hardware.

lol!

[samsonn25]

You're lucky to mine $2000 out of that machine @ current prices.

[DustyRah]

I think ive read through 90% of this thread and it took me weeks.  lol

Anyway, i just bought a Terrmaminer iv!  Pretty damn stoked i must say.  Any tips?  The guy I bought it from says it's fully configured... should it just be a matter of plug and play?  It should be here *fingers crossed* tomorrow morning.

SO STOKED!

Not my first rodeo, but my first 1TH+ miner.  

Good luck making your money back~

bought it 2nd hand...
Pretty sure I'lll be able to make my money back.  why the negativity?!

No negativity, just wishing you good luck in making your money back and if possible lots of profits too!

[killinitsoftly]

If anyone is interested in a fully functional (1.6TH/s) TerraMiner, I have one left that I'll sell before the summer sometime. 
Haven't posted on the B/S forums yet, will field some offers here. 

I'll sell at a reasonable price, considering it has been used for about 2 months now.

[Biffa]

Terraminers at $3799 now!

https://cointerra.com/product/terraminer-iv-1-6-ths-bitcoin-miner/

STIN, Texas – 04/28/2014

CoinTerra, the market leader in ASIC Bitcoin mining solutions today announced that it has adopted a variable pricing model for retail sales of their TerraMiner IV Bitcoin mining hardware.

Having delivered the April and May/June batches significantly ahead of schedule, CoinTerra has decided to move to a model of daily pricing for its from-stock sales in order to reflect the ever-changing variables which go to make up the Bitcoin ecosystem.

“As the leading high-performance Bitcoin mining hardware manufacturer shipping from stock, we can now offer a pricing model that allows Bitcoin miners to make purchasing decisions based on current factors. This makes CoinTerra’s spot pricing exceptionally attractive to members of the Bitcoin mining community wishing to buy mining hardware for immediate delivery and deployment.” said Ravi Iyengar, CEO – CoinTerra, Inc.

Every 24 hours market analysts at CoinTerra will determine the following day’s spot price, and the first price point offered on Monday April 28th is $3,799 per TerraMiner IV with a volume discount of $200 per unit when purchasing 10 or more. Depending on the market, pricing may increase or decrease, or remain unchanged.

Additionally, CoinTerra has announced that it has begun to offer the TerraMiner’s GoldStrike I ASIC for sale to third-parties to integrate into their own system designs, with a minimum order of 500 ASICs.

To order a TerraMiner IV from stock for immediate shipping visit: https://cointerra.com/shop

[Pentax]

Terraminers at $3799 now!

https://cointerra.com/product/terraminer-iv-1-6-ths-bitcoin-miner/

STIN, Texas – 04/28/2014

CoinTerra, the market leader in ASIC Bitcoin mining solutions today announced that it has adopted a variable pricing model for retail sales of their TerraMiner IV Bitcoin mining hardware.

Having delivered the April and May/June batches significantly ahead of schedule, CoinTerra has decided to move to a model of daily pricing for its from-stock sales in order to reflect the ever-changing variables which go to make up the Bitcoin ecosystem.

“As the leading high-performance Bitcoin mining hardware manufacturer shipping from stock, we can now offer a pricing model that allows Bitcoin miners to make purchasing decisions based on current factors. This makes CoinTerra’s spot pricing exceptionally attractive to members of the Bitcoin mining community wishing to buy mining hardware for immediate delivery and deployment.” said Ravi Iyengar, CEO – CoinTerra, Inc.

Every 24 hours market analysts at CoinTerra will determine the following day’s spot price, and the first price point offered on Monday April 28th is $3,799 per TerraMiner IV with a volume discount of $200 per unit when purchasing 10 or more. Depending on the market, pricing may increase or decrease, or remain unchanged.

Additionally, CoinTerra has announced that it has begun to offer the TerraMiner’s GoldStrike I ASIC for sale to third-parties to integrate into their own system designs, with a minimum order of 500 ASICs.

To order a TerraMiner IV from stock for immediate shipping visit: https://cointerra.com/shop

that is closer to the real value of these 1.6Th/s units.  they sold 2Th/s machines for 6K, came in 20% under spec and as soon as they had shipped those 1.6 Th/s units out to the suckers that paid 6K, they dropped the price.  Give me a break on this spot price BS.  They're moving these underperforming units out for what they can get.

bait and switch.  no redress for damages.  this whole thing stinks to high heaven.  Sooner or later the lawyers will find this one and the other ASIC manufacturers that have acted similarly.  As soon as a legal firm realizes it has multiple cases across these manufacturers with millions in damages each, there's going to be a bloodbath.

[ProfMac]

bait and switch.  no redress for damages.  this whole thing stinks to high heaven.  Sooner or later the lawyers will find this one and the other ASIC manufacturers that have acted similarly.  As soon as a legal firm realizes it has multiple cases across these manufacturers with millions in damages each, there's going to be a bloodbath.

We can't have independence from the system if we run to the system.

[Pentax]

bait and switch.  no redress for damages.  this whole thing stinks to high heaven.  Sooner or later the lawyers will find this one and the other ASIC manufacturers that have acted similarly.  As soon as a legal firm realizes it has multiple cases across these manufacturers with millions in damages each, there's going to be a bloodbath.

We can't have independence from the system if we run to the system.

They've shipped >5000 miners at 20% deficiency each.  That's ~6 million USD that CT has walked off with in terms of hashpower customers paid for, but it didn't actually deliver.

so, to remain "pure", customers simply take a 20% or $1200.00 shellacking each while Cointerra runs off with 6 million dollars worth of revenue on hashpower it did not actually deliver.  

I suppose everyone is free to do what they feel is right, and I've got no issue with that.

[klondike_bar]

Terraminers at $3799 now!

https://cointerra.com/product/terraminer-iv-1-6-ths-bitcoin-miner/

STIN, Texas – 04/28/2014

CoinTerra, the market leader in ASIC Bitcoin mining solutions today announced that it has adopted a variable pricing model for retail sales of their TerraMiner IV Bitcoin mining hardware.

Having delivered the April and May/June batches significantly ahead of schedule, CoinTerra has decided to move to a model of daily pricing for its from-stock sales in order to reflect the ever-changing variables which go to make up the Bitcoin ecosystem.

“As the leading high-performance Bitcoin mining hardware manufacturer shipping from stock, we can now offer a pricing model that allows Bitcoin miners to make purchasing decisions based on current factors. This makes CoinTerra’s spot pricing exceptionally attractive to members of the Bitcoin mining community wishing to buy mining hardware for immediate delivery and deployment.” said Ravi Iyengar, CEO – CoinTerra, Inc.

Every 24 hours market analysts at CoinTerra will determine the following day’s spot price, and the first price point offered on Monday April 28th is $3,799 per TerraMiner IV with a volume discount of $200 per unit when purchasing 10 or more. Depending on the market, pricing may increase or decrease, or remain unchanged.

Additionally, CoinTerra has announced that it has begun to offer the TerraMiner’s GoldStrike I ASIC for sale to third-parties to integrate into their own system designs, with a minimum order of 500 ASICs.

To order a TerraMiner IV from stock for immediate shipping visit: https://cointerra.com/shop

still expensive. espescially at ~1.4w/GH.    Try pricing it around $3000 if you want to compete with the 1TH/1kW antminer at $2600   or the 180GH/360W antminer at 0.55BTC