Invest in CoinTerra ASIC 2 TH/s TerraMiner IV Bitcoin Miner

[sashab]

Hi guys, one dude owes me about 3000$, so he offer me to give me his CoinTerra ASIC 2 TH/s TerraMiner IV Bitcoin Miner, is it worth it to take it? Can i make some money with it? I only mine Litecoin (3RIGx18GPU 290x ). Btw i have free electricity bcs i work in AC company so i dont need to pay for AC 

[JWU42]

One thing to clarify is the actual hash rate.

The unit from CoinTerra, as best i can recall, was delivered at 1.6 Th/s.  Further, there are numerous reports of not even consistently hitting 1.6.  So best to dig into this a bit deeper.

With free electricity I would consider it a tad (2-4%) better than breakeven if it was doing 1.6 Th/s and you can start mining today.  There are many assumptions buried in there so if you want a sure thing and need the $$ I would NOT take the miner.

[thresher]

If someone owes you money, always take what they offer right away or you won't get shit. 
If it was a friend (you know that saying about lending friends money) you were gambling anyways so treat it like you would gambling funds and mine away.

If I had free power, and of course the circuits to handle it, i'd be buying every miner I could get a good deal on (up to my allowable bitcoin expense of course)
People in this forum are offering 6.5 btc for that unit, so you can get your money back, profit, and you don't even have to ever plug the thing in. 

Your current 290xs net you less today then the cointerra, even if it the thing only gets 1.2 th/s.  So you have the enjoyment of doubling your daily production (difficulty this that, the claimed great resale value of gpus which doesn't seem to be happening, blah blah.) 

Personally I think your getting a great deal, because your not risking anything.  How do you think this guy is going to pay you back if he is able to, from that rig. 

[sashab]

Hm so alltogether better to not take the deal? He will give me money, but he say he can give me this same, bcs its more expensive then what he owe me.

[ChuckBuck]

Hm so alltogether better to not take the deal? He will give me money, but he say he can give me this same, bcs its more expensive then what he owe me.

Here's what you do.  You take the Cointerra, mine for 2 weeks with the free electricity, so that's roughly $50/day or $700, sell it on eBay for $3000, BOOM Profit!!!

[sashab]

Hm so alltogether better to not take the deal? He will give me money, but he say he can give me this same, bcs its more expensive then what he owe me.

Here's what you do.  You take the Cointerra, mine for 2 weeks with the free electricity, so that's roughly $50/day or $700, sell it on eBay for $3000, BOOM Profit!!!

Ok, but probably will leave it to work more than 2 weeks thank you guys