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Author Topic: Cointerra TerraMiner Prices Released (updated)  (Read 9814 times)
AussieHash
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August 19, 2013, 11:07:28 PM
 #161

http://order.cointerra.com/

Who wants to buy my place in the preorder line ?
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August 19, 2013, 11:18:25 PM
 #162

The announcement went out to the mailing list. Same info as discussed earlier in regards to price/speed.

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August 19, 2013, 11:30:28 PM
 #163

http://order.cointerra.com/

Who wants to buy my place in the preorder line ?

nobody
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August 19, 2013, 11:37:50 PM
 #164

I think they made a typo on the price.  If not i fell out my chair laughing and pointing for nothing.

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JohnyBigs
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August 19, 2013, 11:41:53 PM
 #165

I think they made a typo on the price.  If not i fell out my chair laughing and pointing for nothing.

I also fell and died laughing haha. Fucking failures
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August 19, 2013, 11:44:40 PM
 #166

I think they made a typo on the price.  If not i fell out my chair laughing and pointing for nothing.
No mistake except the price is in RMB and they put up US$ by mistake.   Honest mistake likely because someone was setting the price based on costs and their costs were mostly in RMB too.


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August 19, 2013, 11:49:03 PM
 #167

This is disappointing, I have been holding out specifically for CoinTerra.

I ran an ROI calculator, and if you assume that they deliver late in December, and that difficult continues to rise exponentially through December, the device will never coup its cost.  It's amazing that a 2TH/s device at $16 won't be worth it.  A few months ago that would have been an amazing device.

If you just look at how many bitcoins it'll be able to produce, it looks like it'll be able to generate about 110 BTC in the first 8 months.  At current exchange rates the device will cost 145 BTC.  The only way I can see this making any money is if the exchange rate for BTC doubles over the next 6 months.
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August 20, 2013, 12:00:58 AM
 #168

I think they made a typo on the price.  If not i fell out my chair laughing and pointing for nothing.
No mistake except the price is in RMB and they put up US$ by mistake.   Honest mistake likely because someone was setting the price based on costs and their costs were mostly in RMB too.

So what the price is not $17,000?? I guess your just trolling lol
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August 20, 2013, 12:02:51 AM
 #169

I mostly agree with everyone else.

I was looking forward to this announcement, especially since they've been saying it will be the cheapest option, but it's kind of meh after running the numbers.

I can't expect they'll get much business at these prices, but it is what it is. It's hard for me to suggest Cointerra over BFL at this point considering BFL has actually released products before and both are about the same price. Sure, BFL has been a clusterfuck, but I would hope they have learned from their mistakes.

These ASIC companies need to leave some meat on the bone for their customers or there will be no customers.

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August 20, 2013, 12:04:02 AM
 #170

I mostly agree with everyone else.

I was looking forward to this announcement, especially since they've been saying it will be the cheapest option, but it's kind of meh after running the numbers.

I can't expect they'll get much business at these prices, but it is what it is. It's hard for me to suggest Cointerra over BFL at this point considering BFL has actually released products before and both are about the same price. Sure, BFL has been a clusterfuck, but I would hope they have learned from their mistakes.

If they didn't learn from FPGA, I don't think they will ever learn. The best option is still KNC.
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August 20, 2013, 12:04:38 AM
 #171

I mostly agree with everyone else.

I was looking forward to this announcement, especially since they've been saying it will be the cheapest option, but it's kind of meh after running the numbers.

I can't expect they'll get much business at these prices, but it is what it is. It's hard for me to suggest Cointerra over BFL at this point considering BFL has actually released products before and both are about the same price. Sure, BFL has been a clusterfuck, but I would hope they have learned from their mistakes.

If they didn't learn from FPGA, I don't think they will ever learn. The best option is still KNC.

KNC at current prices won't ROI either..

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August 20, 2013, 12:06:38 AM
 #172

My issue is that you promised Paypal, yet have priced significantly higher than their $10,000 spending limit. Certainly they won't protect above that amount.

So your statement about accepting Paypal, appears to have been ill-conceived, or untrue.

Quote
What is PayPal's transaction limit?

You can send up to $10,000 in a single transaction.

If you don't have a PayPal account, you can send a one-time payment of up to $4,000.

If you don't have a PayPal account and live outside the U.S., the maximum amount you can send depends on your currency:

EUR - 8000
CAD - 12500
GBP - 5500
ARS - 30,000
AUD - 12500
BRL - 20,000
CHF - 13,000
CZK - 240,000
DKK - 60,000
HKD - 80,000
HUF - 2,000,000
ILS - 40,000
JPY - 1.000.000
MXN - 110,000
MYR - 40,000
NOK - 70,000
NZD - 15,000
PHP - 500,000
PLN - 32,000
SEK - 80,000
SGD - 16,000
THB - 360,000
TWD - 330,000

https://www.paypal.com/webapps/helpcenter/article/?solutionId=11637&m=SRE


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August 20, 2013, 12:08:01 AM
 #173

My issue is that you promised Paypal, yet have priced significantly higher than their $10,000 spending limit. Certainly they won't protect above that amount.

https://www.paypal.com/webapps/helpcenter/article/?solutionId=11637&m=SRE

So your statement about accepting Paypal, appears to have been ill-conceived, or untrue.

They don't even accept Bitcoin..... lol

Only bank transfers....

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August 20, 2013, 12:12:39 AM
 #174

My issue is that you promised Paypal, yet have priced significantly higher than their $10,000 spending limit. Certainly they won't protect above that amount.

https://www.paypal.com/webapps/helpcenter/article/?solutionId=11637&m=SRE

So your statement about accepting Paypal, appears to have been ill-conceived, or untrue.

They don't even accept Bitcoin..... lol

Only bank transfers....

They said they'd accept PayPal : They aren't.
They don't even accept btc.

And worse of all, the thing will never pay for itself because it's overpriced:
http://mining.thegenesisblock.com/a/294c1f0fab

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August 20, 2013, 12:17:50 AM
 #175

I mostly agree with everyone else.

I was looking forward to this announcement, especially since they've been saying it will be the cheapest option, but it's kind of meh after running the numbers.

I can't expect they'll get much business at these prices, but it is what it is. It's hard for me to suggest Cointerra over BFL at this point considering BFL has actually released products before and both are about the same price. Sure, BFL has been a clusterfuck, but I would hope they have learned from their mistakes.

If they didn't learn from FPGA, I don't think they will ever learn. The best option is still KNC.

KNC at current prices won't ROI either..

uhh yes it will, if they don't delay of course.
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August 20, 2013, 12:18:23 AM
 #176

My issue is that you promised Paypal, yet have priced significantly higher than their $10,000 spending limit. Certainly they won't protect above that amount.

https://www.paypal.com/webapps/helpcenter/article/?solutionId=11637&m=SRE

So your statement about accepting Paypal, appears to have been ill-conceived, or untrue.

They don't even accept Bitcoin..... lol

Only bank transfers....

They said they'd accept PayPal : They aren't.
They don't even accept btc.

And worse of all, the thing will never pay for itself because it's overpriced:
http://mining.thegenesisblock.com/a/294c1f0fab

these guys are a joke just let this thread die.
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August 20, 2013, 12:30:06 AM
 #177

Also...

HashFast/xCrowd are offering a "Miner protection plan" of some sort. (If difficulty goes up so high that you can't ROI, they will provide extra chips for free... something along those lines.)

I'm a bit weary to order from a company that doesn't also provide this, because if they delay then you're out of luck.

I feel like a "Miner Protection Plan" is needed for any new start ups to be taken seriously.

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August 20, 2013, 12:47:36 AM
 #178

Also...

HashFast/xCrowd are offering a "Miner protection plan" of some sort. (If difficulty goes up so high that you can't ROI, they will provide extra chips for free... something along those lines.)

I'm a bit weary to order from a company that doesn't also provide this, because if they delay then you're out of luck.

I feel like a "Miner Protection Plan" is needed for any new start ups to be taken seriously.

Hashfast offer raw chips, but you have to pay for associated parts, assembly and shipping. Plus you'd presumably have to wait for such additionally hashing power to be made for you. This all negates any miner protection. Furthermore they guarantee refunds out of what, the pool of monies they have spent on development and wages? No third party assuming liability, no real protection. They couldn't pay you back if they wanted to, fact is, they have no intention to.

X-Crowd offer protection on a global network of sub 350million in difficulty. By the time they deliver it will be almost certainly be beyond 350 million in difficulty, therefore such protection is also negated.

It's just marketing. You either fall for it, or you don't.

Cointerra looked promising as they promised to accept a secured payment with potential third party assuming liability to really protect their customers funds, but at this pricepoint there is no way they could have even genuinely considered Paypal as a payment choice.

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August 20, 2013, 12:52:02 AM
 #179

I feel like a "Miner Protection Plan" is needed for any new start ups to be taken seriously.

Yes I think these new companies should offer ROI protection if they fail to deliver in time ~ else end up like a BFL order for 3000 BTC for a miner which only turns up in time when it will never ever pay for itself.

But seriously... I mean seriously! Don't even accept BTC as payment ?  What ~ you mean BitPay with instant conversion to your fiat of choice, lower payment charges and no chargeback risk isn't good enough ?  Sorry, but no go.   Cointerra should put their tail between their legs and drop the price considerably ~ AND ~ accept BTC/PayPal as payment ~ AND ~ offer ROI protection against late delivery before I'd even consider making a purchase !

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August 20, 2013, 12:55:46 AM
 #180

Pretty expensive to say the least.  Grin
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