Cointerra TerraMiner Prices Released (updated)

[Xialla]

haha another free loan for ASIC company? without videos and working prototype? pre-order...really? no thanks

[Xian01]

Cointerra GoldStrike System prices will be released within 48 hours! Stay tuned!!

Spoiler-Alert: Nobody cares unless you have a working product.

Please take your pre-order scheme, and return whence you came until you have something to demonstrate.

[AchrafB]

time will tell...

[PuertoLibre]

No one cares for your pre-order nonsense, come back when you have something in hand and ready to ship.

We have received hundreds of emails inquiring about our prices. So, some people seem to care. Therefore we are releasing the prices sooner than planned.

...and this has nothing to do with x-crowd, or hashfast also tying their hardest to lock people in all ironically at the exact same time, right now, for the exact same period of time, till January?

Gee, I wonder what that is about?



See Link: https://bitcointalk.org/index.php?topic=276692.msg2955644#msg2955644

[gkm22d]

Maybe they'll sell a percentage of the network hashrate on shipping day rather than a hashrate.

I know it won't happen, but it sure would remove the risk.

Say for $5000 you get 1/3600 of the total network hashrate, on the day they ship you the device.  So if today was shipping day you would get 150gh. That would be beautiful.

[jspielberg]

Maybe they'll sell a percentage of the network hashrate on shipping day rather than a hashrate.

I know it won't happen, but it sure would remove the risk.

Say for $5000 you get 1/3600 of the total network hashrate, on the day they ship you the device.  So if today was shipping day you would get 150gh. That would be beautiful.

That is pretty innovative pricing actually... you pay $5000 up front and get Global hashrate / 3600.  If they are selling 3600 units you would get 1BTC per day (well... until the next retarget where you would get at most .5).  Not sure it reduces the risk (there is still the electrical cost of that hashrate being delivered), but at least the delivered hashrate would be tied to the global hashrate rather than fixed at some point in time. 

I think that part that makes it most unlikely is that the vendor wouldn't be able to plan precisely how many components to order, and I imagine just in time ordering of components can get expensive rather then ordering up front (i.e. pre-order).

[JohnyBigs]

I guess they are prepared to throw their whole lives away to scam some pre order money with paypal and credit cards. Screw the hundreds and millions of dollars I have already made at Samsung time to gamble it all.

Error. Someone who has made "hundreds of millions" of dollars does not need to get involved into fighting for Bitcoin scraps.

Hundreds and millions not hundred millions. Secondly bitcoin scraps? I guess you call $50, 000, 000 - $100, 000, 000 in sales scrapes, I guess to a billionaire like yourself those are scraps.

[gkm22d]

Maybe they'll sell a percentage of the network hashrate on shipping day rather than a hashrate.

I know it won't happen, but it sure would remove the risk.

Say for $5000 you get 1/3600 of the total network hashrate, on the day they ship you the device.  So if today was shipping day you would get 150gh. That would be beautiful.

That is pretty innovative pricing actually... you pay $5000 up front and get Global hashrate / 3600.  If they are selling 3600 units you would get 1BTC per day (well... until the next retarget where you would get at most .5).  Not sure it reduces the risk (there is still the electrical cost of that hashrate being delivered), but at least the delivered hashrate would be tied to the global hashrate rather than fixed at some point in time. 

I think that part that makes it most unlikely is that the vendor wouldn't be able to plan precisely how many components to order, and I imagine just in time ordering of components can get expensive rather then ordering up front (i.e. pre-order).

Yeah, it wouldn't remove all the risk, and would probably increase the risk of the company going bankrupt.

It would give a company a lot of incentive to be on time, but it also wouldn't lead to a crazy drive for refunds and the slightest worry of a delay.

I imagine a company could almost charge a little more than they would otherwise, based on their own confidence in themselves.

It would make for very easy decisions for people, during such an uncertain time in the industry.

[AsicShill]

Yeah, it wouldn't remove all the risk, and would probably increase the risk of the company going bankrupt.
It would give a company a lot of incentive to be on time, but it also wouldn't lead to a crazy drive for refunds and the slightest worry of a delay.
I imagine a company could almost charge a little more than they would otherwise, based on their own confidence in themselves.
It would make for very easy decisions for people, during such an uncertain time in the industry.

They are only at risk of going bankrupt if they are late... like really late.  So far all the chip manufacturers (Avalon, Bitfury, AM)  have been like... "OMG... we can pump out PH on demand easy" once they started receiving their chips.  If you are able to make/get chips you are pretty much at the top of the food chain.

[JohnyBigs]

How much time is left?

[ASIC-K]

How much time is left?

should be tomorrow at around 1pm ish.

[Bitcoinorama]

How much time is left?

should be tomorrow at around 1pm ish.

Is that CDT?

[JohnyBigs]

How much time is left?

should be tomorrow at around 1pm ish.

Hopefully it's within 48hrs and not at 48hrs exactly lol

[ASIC-K]

hahah yeah im going with maximum 48 hours just so i cant be disappointing lol

doubt they will release anything on a sunday tho too.

[crumbs]

Make sure to alway check https://staging.bitcointalk.org/ for pre-release information.

[nightengale]

Make sure to alway check https://staging.bitcointalk.org/ for pre-release information.

* cointerra.com

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[superduh]

comeon - what's the point of a post like this - reminds me of Yifu and that guy leaves a sour taste in people's mouths

[ur0pl]

This is what is going to happen: XCrowd is going to post a price list tomorrow like they said they would. I am going to pre-order all their expensive units like a bunch of other people. Then, I will not have any money left over for Cointerra.

Thats what is going to happen. I'm sorry Cointerra, but you had your chance.

[seriouscoin]

comeon - what's the point of a post like this - reminds me of Yifu and that guy leaves a sour taste in people's mouths

Well.... its because ppl thats willing to suck dicks.... cant blame anyone if they taste cums.

[eve]

This is what is going to happen: XCrowd is going to post a price list tomorrow like they said they would. I am going to pre-order all their expensive units like a bunch of other people. Then, I will not have any money left over for Cointerra.

Thats what is going to happen. I'm sorry Cointerra, but you had your chance.

Why wouldn't you give some to Cointerra to spread out the risks. Like the good folks who bought butterfly and at the same time bought avalon, just something to ponder and moreover Conterra could likely deliver earlier?