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

[bitndx]

Another sign that they're short on cash:

http://cointerra.com/product/goldstrike/

After you've paid the NRE costs, there's no cheaper product to produce than a big box of chips.

Typical of lazy Cointerra run by Ravi and Timo....only selling a pack of 525. How about a 100 pack is that not "big money" enough?

Irony though is that you spend 100K with them and they likely still only want to deal with you via email and if you talk with them by phone you are stuck with frontline employees.

Why would you want to talk by phone.  Email creates a record.

agree with you at this point.....

[Pentax]

http://www.legalmatch.com/

[kkurtmann]

May 21st, 2014

Option 1

Some customers requested their refund because of the hash power deficit of 400 GH/s in the 1.6 TH/s units. With manufacturing running at full capacity we are now able to ship the 1.6 TH/s TerraMiners immediately from stock, and so for a limited time, if you are a US resident customer* who purchased at the original price of $5,999 (plus shipping) we can ship you 2 x your original order of TerraMiner IV 1.6 TH/s Bitcoin miners with FREE ground shipping on the additional unit(s).  That’s 3.2 TH/s for the same price paid for 2 TH/s!

An order for 1 x TerraMiner IV at $5,999 entitles you to receive a second TerraMiner IV with FREE UPS Ground shipping. An order of 2 x TerraMiner IV’s with total price of $11,998 + shipping entitles you to receive 4 x TerraMiner IV 1.6 TH/s shipped immediately with FREE UPS Ground shipping for the additional 2 units.

and running at a measly 4200watts

[kulin3422]

My cointerra miner was hashing at cloudhashing.com before.But at the end of the last month,it was stopped.And I can't find my miner now.
Who can tell me where is my miner,and when can I get my miner hashing?

[5craziest]

Did your hosting contract expire?

[kulin3422]

No,It should be expired at Sep

[dentro]

My cointerra miner was hashing at cloudhashing.com before.But at the end of the last month,it was stopped.And I can't find my miner now.
Who can tell me where is my miner,and when can I get my miner hashing?

You should have received an email from cointerra. your miner should run at the eligius pool under the address you set as payout address at cloudhashing -> eligius.st/~wizkid057/newstats/userstats.php/<yourbtcaddress>

[DustyRah]

Does anyone know how good are the mining contracts that are up at mining.cointerra.com? I mean in terms of the 5% maintenance fee etc?

[Mattster28]

It seems Cointerra has removed their forum. When going to the forum I got a "404" error so I went to Cointerra's web site and the forum link at the top of their site is now gone.......Hmmmm.

[Pentax]

It seems Cointerra has removed their forum. When going to the forum I got a "404" error so I went to Cointerra's web site and the forum link at the top of their site is now gone.......Hmmmm.

that's funny if they've pulled it down permanently. 

no more talking, children.  all you do is complain that we took your money for x and provided y, or that these are unreliable, or that we are slow to respond to customer service issues.  You clearly are not feeling our genius, which has blown a hole in your wallets and left many of you in the red, so I'm taking my ball and going home.



here's a novel idea, Cointerra.  Make it right for those of us that paid 6k and got underspec units.  I didn't buy a 1.6 Th/s unit; I was sold, and paid for, a 2.0 Th/s unit.   

[Pentax]

It seems Cointerra has removed their forum. When going to the forum I got a "404" error so I went to Cointerra's web site and the forum link at the top of their site is now gone.......Hmmmm.

here's a novel idea, Cointerra.  Make it right for those of us that paid 6k and got underspec units.  I didn't buy a 1.6 Th/s unit; I was sold, and paid for, a 2.0 Th/s unit.   

Sigh, more salt in the wound for me. I paid the batch 1 prices. 

oh you mean the price that was cut immediately after all batch 1 suckers had gotten their product, or the price that is now nearly cut in half 2 months later?
 
and they wonder why people are pissed off.

your early customers should be getting the best support possible.  they supported your business and allowed it to get to where it is.  forgetting that is the worst mistake any company could make.  an existing customer should be valued, as they are vastly easier to come by than new ones, while nobody buys again from a company that they feel screwed by.

[5craziest]

It seems Cointerra has removed their forum. When going to the forum I got a "404" error so I went to Cointerra's web site and the forum link at the top of their site is now gone.......Hmmmm.

It's not a surprise.  I was unable to register a couple of weeks ago

[5craziest]

This was in today's Los Angeles Times newspaper

BBB issues warning against bitcoin mining company Cointerra


The Better Business Bureau issued a consumer warning for a Texas bitcoin mining company that consumers say hasn’t delivered refunds.

Cointerra, based in Austin, Texas, had received close to 40 complaints in May, and did not provide a reason to the bureau for the delayed refunds. Calls to the company were not immediately returned Thursday evening.

Many customers who pre-ordered the $6,000 machines asked for a refund after the company announced that the machines would take more electricity and contain less computing power than originally advertised.  

Bitcoin mining is a process in which computers race to solve complex, encrypted math problems to publish and confirm all bitcoin transactions to a public ledger in return for newly created bitcoins. Many companies sell specialized bitcoin mining rigs that promise a greater return on the cost of electricity required to run the machines.


One customer, Song Smullen of Brooklyn, N.Y., told the Better Business Bureau that the differences in computing power and electricity consumption would make it impossible to earn money from the machine.

"Even at the specs they advertised, I would only break even in 320 days," he said in a statement. "Without them meeting specs, I could not make back my investment."

Cointerra is not accredited by the Better Business Bureau, and was given a “F” ranking by the service. According to Cointerra’s website, the company was founded in mid-2013.

[dogie]

This company's rating has changed in the Manufacturer Trustworthiness Guide.

[fractal02]

This company's rating has changed in the Manufacturer Trustworthiness Guide.

Very good Guide, thank you.

[Mattster28]

It seems Cointerra has removed their forum. When going to the forum I got a "404" error so I went to Cointerra's web site and the forum link at the top of their site is now gone.......Hmmmm.

Seems they have also removed their Facebook page.

[kenmomotaro]

It seems Cointerra has removed their forum. When going to the forum I got a "404" error so I went to Cointerra's web site and the forum link at the top of their site is now gone.......Hmmmm.

Seems they have also removed their Facebook page.

Another sign. My terraminer hosting service experiences a down time since 14Jun. Is this company trustworthy?

[ImI]

My hosted terraminers are humming along just fine.

[kulin3422]

My hosted miner was stopped for 3 days!!!
who can help me!

[sirky]

I believe that if you have terrahosting, they have stopped mining with Eligius is all. I believe they are still mining, somewhere. I think they have changed to once weekly payouts.

Of course, clear communication would have always helped. Plus a little visibility into what is actually going on.