CoinTerra announces <$3/GH January pricing and new product availability

[cointerra]

CoinTerra is pleased to announce a new 1 TH/s bitcoin mining product available in the January batch - TerraMiner II available for $3499.  

Also available is the TerraMiner IV retailing for $5999 in the January batch - the first mining equipment available anywhere to break the $3 per Gigahash barrier!

Both products feature CoinTerra's 500 GH/s GoldStrike1 chip, which is already the fastest chip announced in the Bitcoin market. Physical Design results for GoldStrike1 show that some of these chips can perform as high as 700 GH/s. At the time of delivery customers may be offered an option to upgrade their TerraMiner for a small charge, further lowering the cost per Gigahash.

http://cointerra.com/shop/

We have also announced some additional GoldStrike1 chip specs :-

Global Foundries 28nm HPP
FCBGA Package
1.4GHz clock frequency yielding a minimum of 500 GH/s
0.765V
State-of-the-art Liquid Cooling System

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[Dexter770221]

360A of current. At least 8 phase DC/DC converter. 900+ balls BGA.
Simply put: MONSTER!

[Paladin69]

You need a credit card option.  People are tired of having all their money wrapped up in pre-orders with no recourse.

[Threader]

You need a credit card option.  People are tired of having all their money wrapped up in pre-orders with no recourse.

+1

Won't get fucked a second time.

[Paladin69]

You need a credit card option.  People are tired of having all their money wrapped up in pre-orders with no recourse.

+1

Won't get fucked a second time.

Who fucked u?

[bbxx]

http://www.btcinvest.net/bitcoin-mining-profit-calculator.php?diff=86933017.771194&dcosts=3500&diff_mincrease=30&blpbtc=25&dhsmhs=1000000&diff_mincreasedecrease=0.1&btcusd=127.38&dpowcon=560&btcusd_mincrease=1&pcost=0.15&calcweeks=32&dleadtime=12&action=calc#



it is risky

[testerx]

WTF...the price is less than half the December batch?  You guys had better ship all those December orders on December 1st or there are going to be some seriously pissed off people. 

[DeathAndTaxes]

WTF...the price is less than half the December batch?  You guys had better ship all those December orders on December 1st or there are going to be some seriously pissed off people.  

What makes you think the January batch will ship on 1 Jan?

Dec = Dec 31st.
Jan = Jan 31st.

[JimiQ84]

WTF...the price is less than half the December batch?  You guys had better ship all those December orders on December 1st or there are going to be some seriously pissed off people. 

I guess that cointerra's december batch alone can make those january orders unprofitable

[Sitarow]

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.

Now with the reduced price, yet still no paypal option?

Also where is the https service and SSL Ca authenticated ownership and identity verification for the website?
Since Bitpay is the btc processor have they taken steps to authenticate your team's identity and claims?

Just some questions I wish to have resolved prior to making any type of investment towards funding via pre-order a future ASIC product.

Edit: I think Joeri, your web developer should see about the SSL CA asap.

[testerx]

WTF...the price is less than half the December batch?  You guys had better ship all those December orders on December 1st or there are going to be some seriously pissed off people.  

What makes you think the January batch will ship on 1 Jan?

Dec = Dec 31st.
Jan = Jan 31st.

That's even worse since by Dec 31st it'll be that much harder for the December batch to make up the $8000 difference.

I wonder if they're going to let people switch between the machines

[console_cowboy]

WTF...the price is less than half the December batch?  You guys had better ship all those December orders on December 1st or there are going to be some seriously pissed off people.  

What makes you think the January batch will ship on 1 Jan?

Dec = Dec 31st.
Jan = Jan 31st.

That's even worse since by Dec 31st it'll be that much harder for the December batch to make up the $8000 difference.

I wonder if they're going to let people switch between the machines

What makes you think they care about their customers returning investment on their product? They have no ROI insurance, just shipping time insurance. I guess they failed to mention the part where they flood the market with hardware the next month, screw over the first batch buyers, and then offer to sell them a new cheap system so they can keep up with the hashing power. Yay for another greedy asic vendor!

[testerx]

Well they mailed first batch customers a coupon for 10% off the 2nd batch orders, except the damned coupon doesn't work at all!!!!

Cointerra, please fix this mess!!!

[cointerra]

Well they mailed first batch customers a coupon for 10% off the 2nd batch orders, except the damned coupon doesn't work at all!!!!
Cointerra, please fix this mess!!!

Hi TesterX,

We've received several orders already from customers using the coupon code, so it is functional.

Please note that the code only works if you use the email address with which you placed your original order, and that it only can be used once on single 2nd batch orders.

Don't hesitate to contact us at support (at) cointerra.com if the issue persists.

[testerx]

Well they mailed first batch customers a coupon for 10% off the 2nd batch orders, except the damned coupon doesn't work at all!!!!
Cointerra, please fix this mess!!!

Hi TesterX,

We've received several orders already from customers using the coupon code, so it is functional.

Please note that the code only works if you use the email address with which you placed your original order, and that it only can be used once on single 2nd batch orders.

Don't hesitate to contact us at support (at) cointerra.com if the issue persists.

It's working now, I was logged in correctly with my original e-mail address but it didn't work initially but basically started working after about 10 minutes.  Seems like it took a while for the cart to recognize the code.

[roy7]

How much power does this new miner use?

[mgio]

Really excite about this, actually, but I'm on the edge about ordering due to the lack of a credit card option.

It's nice that cointerra feels that 1TH/s will return $4000 a month in December.

That means I should do really well with the KNC, BitFury, and HashFast miners that are supposed to arrive in October.


Add paypal or a credit card option cointerra and you have a new customer. Otherwise... I just don't feel like I can risk my BTC.

[mgio]

How much power does this new miner use?

Actually this is what I really want to know to. There doesn't seem to be power estimations for any of their miners.

[PuertoLibre]

Well they mailed first batch customers a coupon for 10% off the 2nd batch orders, except the damned coupon doesn't work at all!!!!
Cointerra, please fix this mess!!!

Hi TesterX,

We've received several orders already from customers using the coupon code, so it is functional.

Please note that the code only works if you use the email address with which you placed your original order, and that it only can be used once on single 2nd batch orders.

Don't hesitate to contact us at support (at) cointerra.com if the issue persists.

Why doesn't CoinTerra adopt a fractional pre-order system?

If you purchased a TerraMiner 4 (2TH/s) when it was first released then the buyer purchased it at 16k USD.

If the purchase price of the same Miner a little later goes for 6k USD then their order system should allow a buyer to claim 2 systems and reserve 66%  of a third miner. Dispatching an automated email if the buyer would like to pay the remaining balance to acquire a third system plus any extra payments for shipping a second and third unit.

First unit should be shipped on schedule and the second unit should be shipped in the next batch after that.

=====================

I don't see what is the point of giving a coupon that will discount the next unit if the price doesn't quite equalize the entire purchase price.

16k <--- first batch
6k second batch.

Total of 22k which should equal almost 4 units.

Instead in the current system, the buyer purchased the first unit for too much and only gets 10% off for the second unit.

[shep80]

Add paypal or a credit card option cointerra and you have a new customer. Otherwise... I just don't feel like I can risk my BTC.

Same for me. Would love to order one but am not doing pre-orders in BTC going forward.