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Author Topic: CoinTerra Unveils a 2TH/s ASIC Bitcoin Miner : TerraMiner IV  (Read 18290 times)
cointerra
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August 19, 2013, 11:44:44 PM
 #1

Due to high interest and demand, we have decided to announce the specs and price of our first product: TerraMiner IV, before the official launch of our full product line.

TerraMiner IV is the most powerful, high-performance Bitcoin mining rig available for pre-order and packs a hashrate of greater than 2 TH/s.

Designed by the world’s leading experts in ASICs, mathematics and algorithm design, it features Cointerra’s in-house designed ASIC – the GoldStrike1.

TerraMiner IV delivers unprecedented performance while maintaining an exceptionally efficient wattage rating (of significantly less than a watt per Gh/s). It is optimized and designed for use by Bitcoin mining professionals who demand the very best cost/performance ratio for their systems.

TerraMiner IV will ship in December this year and retails for $15,750.
 
For more information and to place an order, go to order.cointerra.com.

Looking forward to serving you,

The CoinTerra Team

- -

We apologize for the slight delay in the announcement here on the forum. We wanted to be sure that all the people who actively signed up for email updates on our website received this message first.

www.cointerra.com - Professional grade Bitcoin mining equipment.
If you have any questions for us, we're happy to help at info (at) cointerra (dot) com
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August 19, 2013, 11:48:12 PM
 #2

Bank transfer only, nty. Scam unless proven otherwise.

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August 20, 2013, 12:01:59 AM
 #3

Way... Way... WAYYYY over priced IMO.   Cry

By the time the KnC orders get fulfilled (Sept/Oct/Nov), difficulty is going through the roof, just look at the graphs to see for yourself.. even IF.. and big IF cointerra can deliver on time, IMO it's not worth it, the introduction of more and more TH make's diminishing returns and this is just overpriced right now.

It's currently 5x the power of a Jupiter at 2x the cost ~ which sounds good, but the calculations speak for themselves : http://mining.thegenesisblock.com/a/294c1f0fab

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August 20, 2013, 12:15:24 AM
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Way... Way... WAYYYY over priced IMO.   Cry

By the time the KnC orders get fulfilled (Sept/Oct/Nov), difficulty is going through the roof, just look at the graphs to see for yourself.. even IF.. and big IF cointerra can deliver on time, IMO it's not worth it, the introduction of more and more TH make's diminishing returns and this is just overpriced right now.

It's currently 5x the power of a Jupiter at 2x the cost ~ which sounds good, but the calculations speak for themselves : http://mining.thegenesisblock.com/a/294c1f0fab

The price includes the power supply, and it also includes a powerful controller integrated in the solution to manage the ASICs. Note that the power consumption is a fraction of other devices out there per Gh/s.

www.cointerra.com - Professional grade Bitcoin mining equipment.
If you have any questions for us, we're happy to help at info (at) cointerra (dot) com
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August 20, 2013, 12:33:49 AM
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Way... Way... WAYYYY over priced IMO.   Cry

By the time the KnC orders get fulfilled (Sept/Oct/Nov), difficulty is going through the roof, just look at the graphs to see for yourself.. even IF.. and big IF cointerra can deliver on time, IMO it's not worth it, the introduction of more and more TH make's diminishing returns and this is just overpriced right now.

It's currently 5x the power of a Jupiter at 2x the cost ~ which sounds good, but the calculations speak for themselves : http://mining.thegenesisblock.com/a/294c1f0fab

The price includes the power supply, and it also includes a powerful controller integrated in the solution to manage the ASICs. Note that the power consumption is a fraction of other devices out there per Gh/s.

People need to stop with the simplistic  'price per Gh/s' -  it's price per *December* Gh/s  etc   ... that needs to be *much* lower than 'Sept/Oct/Nov price per Gh/s' to be attractive - and though it's no fault of cointerra (yet) - due to the number of people burned by late deliveries - it needs a margin to look attractive even with a month or so of delivery slippage.

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August 20, 2013, 12:48:06 AM
 #6

1. Way to expensive
2. What Guarantee of Delivery do they have
3.Do they Accept Paypal and Credit Cards
4. What Refund Policy Protection do they have
5. Be Careful these are Pre- Orders.
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August 20, 2013, 12:49:05 AM
 #7

Due to high interest and demand, we have decided to announce the specs and price of our first product: TerraMiner IV, before the official launch of our full product line.
TerraMiner IV is the most powerful, high-performance Bitcoin mining rig available for pre-order and packs a hashrate of greater than 2 TH/s.
Designed by the world’s leading experts in ASICs, mathematics and algorithm design, it features Cointerra’s in-house designed ASIC – the GoldStrike1.
TerraMiner IV delivers unprecedented performance while maintaining an exceptionally efficient wattage rating (of significantly less than a watt per Gh/s). It is optimized and designed for use by Bitcoin mining (what else would it be used for ?) professionals who demand the very best cost/performance ratio for their systems.
TerraMiner IV will ship in December this year and retails for $15,750.
For more information and to place an order, go to order.cointerra.com.

 I haven't seen a bullshit fluff-laden PR piece like that since, well, the Butterfly Labs Monarch announcement.
 
 I'm calling shenanigans.
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August 20, 2013, 01:01:53 AM
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Why the flipping fuck does every vendor pre-announcement/annoucement need its own thread off of it's core thread?Huh??


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cointerra
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August 20, 2013, 01:35:37 AM
 #9

1. Way to expensive
2. What Guarantee of Delivery do they have
3.Do they Accept Paypal and Credit Cards
4. What Refund Policy Protection do they have
5. Be Careful these are Pre- Orders.

We are currently working with both Paypal(Credit Cards) and Bitpay(Bitcoin). This early unveiling of our 2TH/s TerraMiner IV was due to the incredible amount of requests we have received on our site. We will be publishing our full delivery and refund policy when we have our full product line release later this month.

Thank you for your patience.

www.cointerra.com - Professional grade Bitcoin mining equipment.
If you have any questions for us, we're happy to help at info (at) cointerra (dot) com
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August 20, 2013, 01:39:55 AM
 #10

Due to high interest and demand, we have decided to announce the specs and price of our first product: TerraMiner IV, before the official launch of our full product line.

TerraMiner IV is the most powerful, high-performance Bitcoin mining rig available for pre-order and packs a hashrate of greater than 2 TH/s.

Designed by the world’s leading experts in ASICs, mathematics and algorithm design, it features Cointerra’s in-house designed ASIC – the GoldStrike1.

TerraMiner IV delivers unprecedented performance while maintaining an exceptionally efficient wattage rating (of significantly less than a watt per Gh/s). It is optimized and designed for use by Bitcoin mining professionals who demand the very best cost/performance ratio for their systems.

TerraMiner IV will ship in December this year and retails for $15,750.
 
For more information and to place an order, go to order.cointerra.com.

Looking forward to serving you,

The CoinTerra Team

- -

We apologize for the slight delay in the announcement here on the forum. We wanted to be sure that all the people who actively signed up for email updates on our website received this message first.

$15,750!?  To me, that says "Hi.  I'm Cointerra.  I'm only interested in talking to you if you have a TON of money laying around for an asic."

Anybody with any real interest in the bitcoin community would be willing to serve all customers, not just wealthy ones.

This is a very unfortunate mistake you are making.  It obviously only benefits very few with deep pockets, it is an absolute disgrace to the bitcoin community as a whole.  It has no value whatsoever to low-end consumers (miners) - the very people that brought bitcoin into existence.  What a horrible business model, nothing more than a quick exploit for big profits.

If you are interested, have a look at a company who serves the entire community:  AsicMiner (friedcat) has everything from low-end USB sticks to blades.  Something for everyone.  (You'll figure out after you fail that "something for everyone" was something you've overlooked while you were blinded by huge hash rates selling for tons of money)

Will it make you happy knowing that so many out there would love to own a product like this, but that you've completely priced most of them out?  You deserve to fail, miserably.
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August 20, 2013, 01:40:33 AM
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  you got have 500Gh/s miner for sell low end one and 2Th/s miner is going to be hard to sell for high price.
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August 20, 2013, 02:15:00 AM
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$15,750!?  To me, that says "Hi.  I'm Cointerra.  I'm only interested in talking to you if you have a TON of money laying around for an asic."

Anybody with any real interest in the bitcoin community would be willing to serve all customers, not just wealthy ones.

This is a very unfortunate mistake you are making.  It obviously only benefits very few with deep pockets, it is an absolute disgrace to the bitcoin community as a whole.  It has no value whatsoever to low-end consumers (miners) - the very people that brought bitcoin into existence.  What a horrible business model, nothing more than a quick exploit for big profits.

If you are interested, have a look at a company who serves the entire community:  AsicMiner (friedcat) has everything from low-end USB sticks to blades.  Something for everyone.  (You'll figure out after you fail that "something for everyone" was something you've overlooked while you were blinded by huge hash rates selling for tons of money)

Will it make you happy knowing that so many out there would love to own a product like this, but that you've completely priced most of them out?  You deserve to fail, miserably.


We actually have a full product line of various hashing rates and price points, in order to serve "something for everyone", that will be released later this month. We did an early unveiling of this highend product due to immense interest we have received.

I am sorry you wish that we fail, miserably. We are working extremely diligently to support this community and develop the most advanced ASIC yet.

www.cointerra.com - Professional grade Bitcoin mining equipment.
If you have any questions for us, we're happy to help at info (at) cointerra (dot) com
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August 20, 2013, 02:31:48 AM
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You chose to release the pricing details on the $16,000 unit for a reason.

Please don't disgrace the board by trying to convince us that most potential customers wanted to see pricing details on the highest price item first.  Most potential customers do not have this kind of money.  It would have made sense to unveil details on a product that most people can afford, and then show details on the expensive unit later on...

You are obviously targeting high-end customers first.  You're lower-end customers are now yelling "scam" and running the other direction, and rightfully so.  Whether you have any interest in them or not, you are appearing not to.

Pretend you own a car lot.  And your very first commercial is "Hey, come on in and buy a Tesla Roadster for $109,000"

You think that the guy wanting a Honda Accord is going to stick around?  No....because you appear not to care about him...you appear to care more about luxury items.  You have given the best and most prompt attention to cater to the high-end.

Oh, I completely get it.  Let's rock the bitcoin community and tell them that we have a 2 TH miner.  Let's target big money and get those preorders in, then we'll throw some scraps to small miners maybe later on.

You're not benefiting anybody but yourselves.
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August 20, 2013, 02:41:07 AM
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This is meant to be their halo product, it gets people in the door so to speak, and even if they can't buy the top level model, they might stick around and seriously consider the lower priced products. What they should do is release info about their lower priced products in the next few days in order to capitalize on this current bout of attention they're receiving.

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August 20, 2013, 02:43:07 AM
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I am really excited about this new product and the pre-order. Since this is an official threat, I would like to pre-order the 2TH unit here!

I am therefore pre-paying $15,750 here, funds to be released on a prompt delivery, thanks!
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August 20, 2013, 02:44:49 AM
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Most of these people are pissed, and running for the door looking for an alternative.

Well, that is my interpretation of the response to this anyways.

I respect your opinion of course.
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August 20, 2013, 02:45:28 AM
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I am therefore pre-paying $15,750 here, funds to be released on a prompt delivery, thanks!

That was worth a chuckle.  The funny thing is enough miners did that all the sellers would have no choice but to agree.
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August 20, 2013, 02:50:43 AM
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Sounds like they are getting people ready so when the "other" products come out at "lower prices" we won't be shocked - it's like saying $8k isn't bad, this other thing they are selling is $16k...  even though 8k is seriously overpriced...  I don't know for sure - just my .02$...

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August 20, 2013, 02:53:13 AM
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Ya, I'm looking for my checkbook right now.

Can't wait to see the low-end price structure.

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August 20, 2013, 03:05:26 AM
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I am therefore pre-paying $15,750 here, funds to be released on a prompt delivery, thanks!

That was worth a chuckle.  The funny thing is enough miners did that all the sellers would have no choice but to agree.

+1 would make for an interesting season in the mining world.

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