CoinTerra Unveils a 2TH/s ASIC Bitcoin Miner : TerraMiner IV

[onryo]

Your TerraMiner II that is set to be shipped on January 14 looks really interesting. 1 TH/s at $3500USD and a power utilization of 600 Watts (0.6 Watts/GH) and “only” $3.5 a GH looks extremely interesting.

http://mining.thegenesisblock.com/a/fa1b28edd8

As they say. If it sounds to good to be true it probably is.
I for one will make an order if you escrow or PP or use some other reversible payment. Sorry but we have been fucked over one to many times. Your team looks awesome. A European manufacturer/distributor would be advised as many of us are sick of shipping (shipping/customs time) custom fees and shipping fees and worst the satanic rape tax from items from outside of the EU. As a company you can avoid the import tax to Europe if the devices are assembled in the EU. Something as trivial as dropping in a PSU can be considered “manufacturing”. Pick a EU country that has ultra low taxes to send the items from that EU country. That way other EU countries wont get smacked with say a 25% (like the Nordic countries) import tax. They would just pay what the other EU sending country has to pay in VAT.  Not sure if things have change with the laws in the last 6 years but this is how we would get things done back then.

[sharknutzz]

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

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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.

Goodbye Cointerra, and good riddance. Save some money for your bankruptcy lawyers.

http://www.coindesk.com/bitcoin-mining-firm-cointerra-files-chapter-7-bankruptcy/