What are your thoughts on Cointerra's NEW mining Asics card?

[frankenmint]

I am referring to this press release here:

http://www.sys-con.com/node/2972279

AUSTIN, Texas, Feb. 17, 2014
-- CoinTerra, the market leader in ASIC Bitcoin mining solutions today revealed the GSX I, an affordable PCI Express mining card that sets new standards in both performance and price for enthusiasts, hobbyists and system builders.


Building on the phenomenal success of the TerraMiner™, the highest performance Bitcoin miner ever released, CoinTerra has now announced their second product with the introduction of the GSX I PCIe Card Bitcoin miner.
"Having delivered the TerraMiner, the most powerful Bitcoin miner ever released, we decided to turn our attention to designing an affordable solution for the folks who kick-started the mining revolution – enthusiasts and hobbyists looking for an affordable path to ASIC-based Bitcoin mining. At just $1,599 and delivering over 400 gigahash per second, the GSX I combines a low cost of entry with exceptional performance," said Ravi Iyengar, CEO - CoinTerra, Inc.
At the heart of the GSX I is CoinTerra's proven GoldStrike™ I ASIC processor mated to CoolIT's DCLC™ direct contact liquid cooling unit with a 120mm exhaust fan. The GSX I package is designed to fit a wide assortment of PC mid-tower and full-tower cases, enabling the seamless integration of a dedicated high-performance Bitcoin mining processor into a standard PC form factor.
The GSX I is controlled by the same software as the TerraMiner, running on the host PC and connected via the card's USB ports. This architecture allows for maximum flexibility, including the exciting possibility of building expandable mining solutions with non-PC controllers.
"An additional benefit of this design is that an entirely standalone system comprised of multiple GSX I cards could be driven by an off-the-shelf controller, such as the BeagleBone Black found inside the TerraMiner. We would be thrilled to see the community explore this kind of solution," said Jim O'Connor, VP Engineering – CoinTerra, Inc.
With its high performance, an attractive price of $1,599, and a flexible, expandable design built on tried-and-tested industry leading technology, CoinTerra is once again poised to revolutionize the hardware Bitcoin mining space with the GSX I.

To order the GSX I with delivery scheduled for June 2014, visit: https://cointerra.com/shop
Visit CoinTerra on the web: https://cointerra.com
Like CoinTerra on Facebook: https://facebook.com/cointerra
Follow CoinTerra on Twitter: https://twitter.com/cointerra

Press inquiries please contact:
Daniel Larsson, Press Officer
+1 (512) 270-6050
press@cointerra.com

General inquiries please contact:
+1 (512) 270-6050
info@cointerra.com

[Gator-hex]

When cash is low you create another revenue stream. 

Don't give in to pre-order peer pressure... Just say no! 

[Anddos]

I think its a waste of time and money , come june you wont make many coins back at all, same goes for the bfl monarch at  600 gh, there way to late now

[Easy2Mine]

Next product: Asics able to warm up Ravi Iyengar HOT INDIAN CURRY sauce.
How dare they to present themself as THE LEADING ASIC MANUFACTURER.

[Airwhale]

The price per gh is higher with these cards than the stand alone miners,  no?  I don't see it being worthwhile for a June delivery.  At least,  I see much better ways to spend or invest my money. 

[klondike_bar]

Its not a BAD idea, it just isnt a very good one.

There is no need for a PCI-shaped miner - 95% of end-users will have it sitting on a table surface connected by USB. It would make more sense to adapt it to just be a standalone miner instead, and transfer the costs of making it pci-compatible into the costs of building a small casing for it to sit within.

[Syke]

Its not a BAD idea, it just isnt a very good one.

While it may not be a BAD idea, it is a very bad price.

[ChuckBuck]

$1600 for 400 GH/s in June doesn't make alot of sense at that difficulty.

Especially after the big guns dump all the high end miners on the network the next few months.

Looks like a cheap BFL Monarch knock off too.

[joeventura]

When cash is low you create another revenue stream. 

Don't give in to pre-order peer pressure... Just say no! 

+!

[Operatr]

I think they should fix their current miners first since they basically screwed each and every person who bought one with lower hashrate and higher power usage than advertised.

[xstr8guy]

Too little, too late and too much money.

[iglasses]

New approach for a technology Company....every 18 months speed DECREASES by 75%.

THIS CAN'T MISS!!!

[jayman]

i'd prefer a standalone unit like the terraminer why not make models 1ths, 2hs &  a new 3ths instead
is this there way of protecting the market without releasing a huge amount of powerful asics all at once?

[harkonnen]

[S4VV4S]

 

[Aurum]

The CoinTerra TerraMiner IV is just garbage and a complete ripoff. CoinTerra's warranty is not standard it's a sham. Avoid this company. You'd be better off giving your money to charity that flush it down the CoinTerra toilet. Besides, none of their products will ever return their purchase price.

[cxz]

Do not trust this company. They promised me a refund and now just ignoring all of my messages.