[Need Advice] Which would be best to buy? Hasfast or Cointerra

[cointerra]

Ive emailed cointerra not to long ago to ask about the type/size of PSU's they were using for their 2th/s unit. 

Needless to say, they couldn't give me a solid answer just "we estimate we will be using dual 1100s", but wasnt certain.

I had also asked if the PSU's were server/redundant or standard ATX, if they met 80 gold or above standards.  In the end I got a screen shot of a 1100w psu that could have been grabbed from just about anywhere with none of that information needed.

I am not at all questioning these guy's abilities in what they can do, they are all obviously qualified ENGINEERS. The one thing I do see different with these gents is, none of them have run the entire ship.  Just departments of, which is fine. Though could very well lead to a late arrival. due to the desire of perfection/standard engineers flaw.  Normally that is a great thing, sadly its a slightly different nature with btc.

I hope they deliver, I really do. I like their ideas/ team. 

Hello,
Sorry for the delay in answer. We have indeed chosen our power supply (PSU) supplier and we are equipping our TerraMiner series with power supplies from Power One (http://www.power-one.com). Our decision was based on the need for exceptionally reliable power sources for durability and reliability.

The CoinTerra Team

Are you guys really going to delivery early January?  I really do want test out your system but the difficulty rate is rising too quickly.  It's hard to tell if any miner will even get ROI let alone a profit.  I started using cloud mining which has been fun so far.

Progress continues toward meeting our target ship date. We have completed a mock-tapeout. Final tapeout is imminent and will be announced shortly. Regarding power supplies we build our TerraMiner series to be the most powerful unit on the market, using the very minimum of power and Power One is an essential part in this equation.

[SysRun]

Ive emailed cointerra not to long ago to ask about the type/size of PSU's they were using for their 2th/s unit. 

Needless to say, they couldn't give me a solid answer just "we estimate we will be using dual 1100s", but wasnt certain.

I had also asked if the PSU's were server/redundant or standard ATX, if they met 80 gold or above standards.  In the end I got a screen shot of a 1100w psu that could have been grabbed from just about anywhere with none of that information needed.

I am not at all questioning these guy's abilities in what they can do, they are all obviously qualified ENGINEERS. The one thing I do see different with these gents is, none of them have run the entire ship.  Just departments of, which is fine. Though could very well lead to a late arrival. due to the desire of perfection/standard engineers flaw.  Normally that is a great thing, sadly its a slightly different nature with btc.

I hope they deliver, I really do. I like their ideas/ team. 

Hello,
Sorry for the delay in answer. We have indeed chosen our power supply (PSU) supplier and we are equipping our TerraMiner series with power supplies from Power One (http://www.power-one.com). Our decision was based on the need for exceptionally reliable power sources for durability and reliability.

The CoinTerra Team

Are you guys really going to delivery early January?  I really do want test out your system but the difficulty rate is rising too quickly.  It's hard to tell if any miner will even get ROI let alone a profit.  I started using cloud mining which has been fun so far.

Progress continues toward meeting our target ship date. We have completed a mock-tapeout. Final tapeout is imminent and will be announced shortly. Regarding power supplies we build our TerraMiner series to be the most powerful unit on the market, using the very minimum of power and Power One is an essential part in this equation.

How many weeks are there in a 'shortly'?

[sushi]

Questions to CoinTerra...

With Today's Difficulties bump to 510, $6000 price unit may pay off just under $3,000 = -$3,000 in ROI.

http://mining.thegenesisblock.com/

If the tapeout is not done yet, any plan of increasing the GH/S Power at the time of the actual shipment?

[cointerra]

Hello Forum,
We are proud to announce that we have now reached tape out for the GoldStrike1 ASIC. You can find more information in our press-release at: http://www.prweb.com/releases/2013/11/prweb11314884.htm and on http://cointerra.com

[AndrewWilliams]

Anyone buying Cointerra?

I am extremely tempted (gut feeling)...

[jeppe]

I do not think they will get there mining equipment out on time. They will be too late and you will newer get your investment back, If i were u i would invest in bitcoin directly.

[HashFast_CL]

Good news, everyone!

https://hashfast.com/silicon-in-silicon-valley/

HashFast Silicon has arrived in Silicon Valley!

    Posted on November 8, 2013
    by Amy Woodward   
    in Development, Golden Nonce ASIC, Rig Assembly   

Today we have reached a real milestone:
Silicon Wafers Have Arrived in Silicon Valley!

The silicon wafers have completed fabrication. The silicon is the core of the chip, and the complicated etching process that creates the circuitry on the silicon is finished. Now the process is starting of taking this silicon, with its complete circuits, and packaging it into finished chips. The wafers are now in Silicon Valley, where they will be sliced into individual die, attached to their substrates, and become Golden Nonce chips.

- The HashFast Team

[manav1112]

If only I ordered the batch 1 backorder hashfast at the time I made the post... It's making like $1000 a week , would have gotten roi pretty fast :/. It's just because of the booming exchange rate

[XCoinX]

Looking at the realistic predictions of BTC difficulty increases I can see that BTC ASIC mining will be a huge gamble for ROI for all entry miners at this point in time at this stage. The ASIC companies cannot keep up or it is not in their interests to do so (to sell upgrades).

Energy price does play a role but if you are going to mine regardless then it should not be a major concern for you if you are already a consumer that uses more energy than average, IMHO. Then you only have to be mining for speculation of rising BTC to $1,000 - $10,000 long term. 2 - 5 years. Of course a lot could happen by this time and another currency may have taken its place (unreal to think of now). The fact remains there are better coins than BTC that are more secure, have protection of 51% vulnerability and faster transaction time. But this also depends on how fast people are on the uptake of this knowledge and BTC may well win because we know the best does not always win but the most popular and liquid one will be used and as a result hold more value with more demand. Having said this the alt coins will follow eventually but they will lag behind. Just a prediction in my opinion and I could well be wrong. Many things can happen that do and have affect prices, just as they do with Forex and Stock markets with geopolitics, only with Crypt currencies the fundamentals vary slightly in the way they influence the market.

http://mining.thegenesisblock.com/a/e9004f2169
http://mining.thegenesisblock.com/a/c1b816e7f5

If you got your machine earlier than New Year - 2014 you will be better off otherwise you will likely make a loss mining - so can keep mining for speculative purposes until difficulty increases make this undesirable. IMO, the get rich quick days for early adopters of BTC mining is over unless a tech company can far more out perform current ASIC technologies - lower costs. Of course it is meant to be this way inherently so no single central entity can amass a majority share. Perhaps trading is better to earn a ROI from, I think you will find it is.

Good luck everyone! Even the most ethical (I use the term loosely for want of a better name = opportunists?) ASIC companies that allow escrow payments and have insurance against difficulty increases will not likely net you a profit.

[Tayc34]

On November 8th, less than a week ago, I placed an order with Cointerra for 4 Terraminer IVs at $6k a pop. I will be receiving the February batch. I've done a lot of speculative calculations and determined that my ROI will ocure. Even with difficulty at 3 billion and btc price at <$300 I figure I stand to make a good profit. Of course I wish I would have listened to my friend and started mining when box was worth $.30, but I don't feel it's too late, even with a huge influx of mining power being introduced over the next few months. Then again, if my investment turns out to be a bad one, I'm prepared for the loss.

[JessicaSe]

The main problem with these ASIC company is they tend to delay their delivery... So don't both anything from both of them...

[Omikifuse]

At first I was going to tell you hashfast, but after seeing them delay again I have no idea....

[Corenin]

KNCminer should be your best bet...

[hjlow]

KNCminer should be your best bet...

aren't they sold out?

[whitemage]

KNCminer should be your best bet...

aren't they sold out?

Yup, looks like we got no choice but to preorder from cointerra or hashfast....

[HashFast_CL]

At first I was going to tell you hashfast, but after seeing them delay again I have no idea....

New customers buying currently availabe hardware are not affected by the recent clarification of Batch 1/2 shipping dates.

HashFast has chips in hand and is working with two independent design firms to complete a suitable substrate ASAP.

Substrate design, like chip design/NRE/tape-out, is a one time ordeal/expense (unless your design is flawed  ).

Customers buying HashFast hardware now will in no way be (negatively) affected by the current race to complete the substrate.

Best,

-HF_CL

[waltermot321]

At first I was going to tell you hashfast, but after seeing them delay again I have no idea....

New customers buying currently availabe hardware are not affected by the recent clarification of Batch 1/2 shipping dates.

HashFast has chips in hand and is working with two independent design firms to complete a suitable substrate ASAP.

Substrate design, like chip design/NRE/tape-out, is a one time ordeal/expense (unless your design is flawed  ).

Customers buying HashFast hardware now will in no way be (negatively) affected by the current race to complete the substrate.

Best,

-HF_CL

Will there be any compensation for those that pre-ordered batch 1/2 babyhash without the miners protection program?

[hulk]

Buy from KNCminer.. thats the best...

[HashFast_CL]

At first I was going to tell you hashfast, but after seeing them delay again I have no idea....

New customers buying currently availabe hardware are not affected by the recent clarification of Batch 1/2 shipping dates.

HashFast has chips in hand and is working with two independent design firms to complete a suitable substrate ASAP.

Substrate design, like chip design/NRE/tape-out, is a one time ordeal/expense (unless your design is flawed  ).

Customers buying HashFast hardware now will in no way be (negatively) affected by the current race to complete the substrate.

Best,

-HF_CL

Will there be any compensation for those that pre-ordered batch 1/2 babyhash without the miners protection program?

All Batch 1 BabyJets include MPP.  We initialized the MPP early (Oct 31) to make up for the time lost.

[dbbit]

All Batch 1 BabyJets include MPP.  We initialized the MPP early (Oct 31) to make up for the time lost.

Can you clarify what does "initialized the MPP early" mean?


Doesn't that effectively just get you off the hook to deliver 4x the amount of GHS?

As things are looking right now, by starting MPP on October 31'st, you'll just have to deliver 800ghs per BabyJet, instead of the 1600ghs that it would otherwise take based on the actual delivery.


Unless you still plan to deliver 1600ghs per BabyJet, but deliver it on October 31'st + 90 days.  That would be most awesome.