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

[ImI]

confirmed, i get weekly payouts

[cxboyminer]

Does cointerra still exist, tbh?

[fractal02]

Does cointerra still exist, tbh?

Yes but i think they move to Hosting services...hardware was pretty a bad story...lot of issues....no refunds...well...same ol' same ol' in BTC World... 

[dropt]

Does cointerra still exist, tbh?

Yes but i think they move to Hosting services...hardware was pretty a bad story...lot of issues....no refunds...well...same ol' same ol' in BTC World... 

Only positive here is now they can experience their terrible HW first hand!

[kkurtmann]

Does cointerra still exist, tbh?

Yes but i think they move to Hosting services...hardware was pretty a bad story...lot of issues....no refunds...well...same ol' same ol' in BTC World... 

Only positive here is now they can experience their terrible HW first hand!

That's funny right there.

[bitndx]

this last paragraph from CT's latest announcement is funny

"We are dedicated to providing our customers with the best value in turnkey, high-end Bitcoin mining technology, and we apologize for any inconvenience that the refund delays have caused to our pre-order customers. We will work diligently to process the remaining pre-order refund requests and continue to innovate and lead the industry in both Bitcoin mining hardware design and Bitcoin cloud-based mining contract solutions. We appreciate your confidence and support, and thank you for your business."

[Specialkey]

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?

I am waiting for my refund from terramine hosting since end of nov 2013.

Very bad refund moral they have.

Not trustworthy.

[sebdude420]

Someone named Andrew came to my shop yesterday claiming to work for Cointerra and being a 40% stake holder. He offered a terraminer IV at 3000 I declined. Next day 2500. I declined. Then he offered again at 2000. I declined.

It was too loud compared to my S2. Very dusty. and had security stickers that would void the warranty.

Buyers aren't even allowed to open it up to dust?? Lol...

[Pentax]

Does anyone have anything going in terms of legal action with these people?

I've been out on vacation, but will get this moving again if no-one has a process in motion already.

[DustyRah]

http://www.coindesk.com/cointerra-mediation-class-action-lawsuit/

The fall in bitcoin price as well as engineering issues have really taken its toll on Cointerra. I believe they could have actually done great if not for the over optimistic engineering mishap.

[Pentax]

http://www.coindesk.com/cointerra-mediation-class-action-lawsuit/

The fall in bitcoin price as well as engineering issues have really taken its toll on Cointerra. I believe they could have actually done great if not for the over optimistic engineering mishap.

you may be right, although offering no compensation is the offense, as far as I'm concerned.

They could have delivered a 1Th/s unit and simply made the difference up in some way and kept people happy.  I know I contacted them several times to attempt to bridge the gap and was simply ignored.

Flipping the bird at people is not the way to treat people that have dropped 6K+ on hardware.  They get pissed, then they get lawyers.

All of this could have been avoided I think.  I know I didn't set out to sue people and would have been happy had they simply thrown me a bone.  This is always a last resort for me, and I think most people.

[kkurtmann]

I hear crickets.

[bitcoinreviews]

Does anybody know what the default IP address is or is this thing supposed to do a DHCP request?!

You can connect directly to the console output of the cointerra via USB to get your IP.

1) Connect a USB cable from your PC/Laptop to the cointerra
2) Download and launch putty
3) Select Serial
4) Enter "COM5" and speed 115200
5) The open
6) Login with user: root, pass: cointerra
7) ifconfig

You might need to look at your device manager to see what COM port the USB cable attaches too.

I changed mine to a static IP.

Thanks for this, I'm trying to modify my cgminer start file using PuTTY and this gets me about halfway there.
Could you please tell me how I can get to the file?
Thanks in advance, J

[dogie]

This company's rating has changed in the relaunched manufacturer trustworthiness thread.

[Minor Miner]

This company's rating has changed in the relaunched manufacturer trustworthiness thread.

your rating for them does not make sense.   they delivered to me, yes late but less late than avalon and in line with when KNC delivered to me their "in stock" jupiters that took three weeks to arrive because they were not assembled.
they also have done RMAs and have responded to problems etc.   They delivered everyone's order also.   
I do not think they deserve to be right up beside spondoolies but they certainly do not deserve to be where you have ranked them.

[Micky25]

why even rate them anymore?

[aerobatic]

This company's rating has changed in the relaunched manufacturer trustworthiness thread.

your rating for them does not make sense.   they delivered to me, yes late but less late than avalon and in line with when KNC delivered to me their "in stock" jupiters that took three weeks to arrive because they were not assembled.
they also have done RMAs and have responded to problems etc.   They delivered everyone's order also.  
I do not think they deserve to be right up beside spondoolies but they certainly do not deserve to be where you have ranked them.

+1

Most of those ratings do not sit where I personally rank them but meh, it's not waldohoover's rating list, it's his.

I mean, BTCGarden that low?.. Spondoolies... that high? Bitmain is killing it right now and should probably be knocked up a few points. And KnC at 47, really?.. Too much FUD took place for that.

Additionally, is this based on personal experience or simply the speculation of experiences that are shared here on the forum? I want to say the latter, unless you have XX of units from each of these companies. As someone who does, I say take that trust list with a grain of salt.

Agreed, Cointerra shipped a large number of systems in the month they were sposed to be shipped and were relatively on time.  To give them a score of 1/10 for 'on-time' delivery - the same score that Hashfast, ButterFlyLabs, BitMine, and BlackArrow also got  - when they delivered much much later - if at all - makes it hard to agree with the scoring system (the methodology is fine, but the actual scoring sseems to be totally at the whim of Dogie and a vocal minority).  Cointerra certainly doesnt deserve 10/10 for timeliness, but since majority of the (thousands of) systems they shipped were pretty much delivered on-time, i think it would be hard to justify anything other than a 7 or 8 out of 10 on that score.

its a somewhat selectively accurate chart that has downgraded some companies more than others for making identical mistakes.   for instance, AsicMiner's latest chip ended up much worse than double its power consumption from the announced spec to the delivery, yet that hasnt been recognised.  I also object that AsicMiner in the past has sold off old stock and perhaps even used systems that were under performers and over power consumers, and yet theyve been classed as shipping on time, when in reality they were simply upgrading their own private mine, and selling off the old boards in new boxes.. and yet that was interpreted as 'can do no wrong' by the asicminer fanboys.

[aerobatic]

why even rate them anymore?

because they still are actively selling systems from their web store, from stock.

[jimmothy]

its a somewhat selectively accurate chart that has downgraded some companies more than others for making identical mistakes.   for instance, AsicMiner's latest chip ended up much worse than double its power consumption from the announced spec to the delivery, yet that hasnt been recognised. 

No. AM missed estimated specs. AM doesn't sell preorders and doesn't guarantee estimated specs. Investors simply asked FC to gaze in to his magic crystal ball and he happened to be wrong just like every single manufacturer to date. Nobody was ripped off or scammed. Only a bunch of disappointed investors.

I also object that AsicMiner in the past has sold off old stock and perhaps even used systems that were under performers and over power consumers, and yet theyve been classed as shipping on time, when in reality they were simply upgrading their own private mine, and selling off the old boards in new boxes.. and yet that was interpreted as 'can do no wrong' by the asicminer fanboys.

So you just made up a hypothetical situation and expect AM to get penalized for it?

Please show me a single person complaining about late shipping or used hardware.

[aerobatic]

its a somewhat selectively accurate chart that has downgraded some companies more than others for making identical mistakes.   for instance, AsicMiner's latest chip ended up much worse than double its power consumption from the announced spec to the delivery, yet that hasnt been recognised. 

No. AM missed estimated specs. AM doesn't sell preorders and doesn't guarantee estimated specs. Investors simply asked FC to gaze in to his magic crystal ball and he happened to be wrong just like every single manufacturer to date. Nobody was ripped off or scammed. Only a bunch of disappointed investors.

I also object that AsicMiner in the past has sold off old stock and perhaps even used systems that were under performers and over power consumers, and yet theyve been classed as shipping on time, when in reality they were simply upgrading their own private mine, and selling off the old boards in new boxes.. and yet that was interpreted as 'can do no wrong' by the asicminer fanboys.

So you just made up a hypothetical situation and expect AM to get penalized for it?

Please show me a single person complaining about late shipping or used hardware.

i didn't make it up, but you're totally right.. people don't seem to complain when they've bought inefficient old chips, as new.  I've seen people in these forums praising AM to the stars for shipping 'excellent' products that consumed for some reason significantly more power than any other system available by a large margin, and calling them rock solid and fantastic systems.   even those that consumed multiple watts per gigahash.   but you're absolutely right, people seem happy with buying AM's old stock 'as new'.  that all changed with the current AM chip which is being sold as 'fresh' and seems to be a new business model for AM however even that one was considerably out of spec when it was released.  (promised to be 0.35 watts/GH in the spec, and ended up consuming a lot more).