Cointerra AIRE Miner 16nm PreOrder

[BitcoinPappi]

http://cointerra.com/product/aire-miner-bitcoin-miner/

Please tell me that the community have learned their lesson and will not be pre-ordering these machines.

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[cedivad]

0.3J/GH. They will. But we won't.

[joshv06]

Do not fund these people.

Pre-ordering is trusting someone else with your money.

Don't do it.

Support stable companies like Bitmain and the makers of Dragon Miner. That ship out ASAP.

[opieum2]

Total shit. Stay away from pre-orders. Batch orders are fine (like bitmaintech does). Those are just lead times. 2-3 weeks from order or in hand already. Cointerra has not even built this hardware yet. Tapeout is not done according to the article. That means these machines are months away. So any purchase now is a loss. EVEN if BTC increases. Stick with anyone who ships within a month is better.

[mwizard]

The Cointerra AIRE miner Terms and Conditions are really tough.

They leave the purchaser no way out, but Cointerra lots of wiggle room.  Basically don't expect a refund if the 16mm machine does not come up to specifications and is not delivered until September 2015.

From the T&Cs

"2.         PURCHASES ARE FINAL:

ALL PURCHASES ARE FINAL, NON-CANCELABLE AND NON-REFUNDABLE. NO CANCELLATION OR RESCHEDULING OF ORDERS BY YOU WILL BE ACCEPTED."

and

"6.         PRODUCT SPECIFICATIONS; DISCLAIMER OF WARRANTIES; CHANGED OR DISCONTINUED PRODUCT

6.1       All Product specifications, illustrations, drawings, particulars, dimensions, performance data and other information on the site or made available by us are intended to represent no more than a general illustration of the Product and its features and do not constitute a warranty or representation by us that the Product will conform with the same. For Products that have not been officially released (“Pre-release Products”), the performance specification shall be considered as the target specification and not a guarantee of performance."


The T&Cs also require you to give up your right to litigate in courts and class actions.  Any disputes must be resolved by an arbitrator in Austin, Texas.

[Zelek Uther]

Didn't Cointerra miss their specifications on their first ASIC? The 28nm TerraMiner IV was sold as a pre-order for a 2TH/s unit... didn't the actual product perform at 1.6 TH/s?

I heard there was quite a high percentage of failures too: units that wouldn't hash.

Now would be a good time for some TerraMiner IV customers to chime in with their experiences.

Given their terrible track record on a mature process like 28nm, the chances look pretty grim that they will deliver 16nm on spec and on deadline. People pre-ordering this product should be prepared for endless delays and excuses for why the miners are not available yet. Wanting a refund once the product is 3 to 6 months late? Sorry, no refunds. Check out the sales terms:
http://cointerra.com/aireminer-terms/

2.         PURCHASES ARE FINAL:

ALL PURCHASES ARE FINAL, NON-CANCELABLE AND NON-REFUNDABLE. NO CANCELLATION OR RESCHEDULING OF ORDERS BY YOU WILL BE ACCEPTED.

[s1lverbox]

If anyone will fund them with money that means people didn't learn lesson.

Preorder are just sow wrong.
After BFL, now this...

[RoadStress]

DO NOT BUY FROM COINTERRA! you have been warned!

[TheJuice]

Even if they did deliver 4.5 TH at 1300 watts, which is unlikely, the $2500 price makes this a horrible investment. Even delivery on Jan 1 with a 6% diff increased these will LOSE money. at 5% there will break even.... in late 2016.

Stay clear.

[cedivad]

Sorry, no refunds. Check out the sales terms:
http://cointerra.com/aireminer-terms/

It would be interesting to hear the opinion of a lawyer on this. It's not a sale, it's a preorder. There are laws against tos refusing to refund preorders, at least in california.

[Syke]

Their estimate on when it will ship is 3 months wide. In other words, they have no fucking clue when it'll ship, and no refunds or compensation if they don't meet that monster window. Anyone pre-ordering that is an idiot.

[RoadStress]

Sorry, no refunds. Check out the sales terms:
http://cointerra.com/aireminer-terms/

It would be interesting to hear the opinion of a lawyer on this. It's not a sale, it's a preorder. There are laws against tos refusing to refund preorders, at least in california.

http://www.theverge.com/2014/9/17/6334533/online-retailers-ftc-shipping-rules

[DebitMe]

Their estimate on when it will ship is 3 months wide. In other words, they have no fucking clue when it'll ship, and no refunds or compensation if they don't meet that monster window. Anyone pre-ordering that is an idiot.

Didn't the KNC Neptune have an order window of 6 months?  (Q1 and Q2 of 2014?) Just goes to show that people see dollar signs in front of their eyes.

And yes, it is true that their ToS is stupid and bullshit and wouldn't hold up in court, but they put them there to try to deter people from going that route.  You would absolutely win in any court quiet easily actually, but the easier thing to do would be to not order in the first place.

JUST SAY NO TO PRE-ORDERS!

[s1gs3gv]

JUST SAY NO TO PRE-ORDERS!

NO

[seriouscoin]

Wow, Suckers/idiots dont deserve to have any money, so guys.... pls order. I want it sold out within 48hrs!

[-ck]

Cointerra contacted me early on to develop a driver for their 28nm offer. However I've heard and know precisely nothing about this new offering.

[Unacceptable]

[Gleb Gamow]

Cointerra contacted me early on to develop a driver for their 28nm offer. However I've heard and know precisely nothing about this new offering.

Ergo, filmware not included.

[seriouscoin]

Cointerra contacted me early on to develop a driver for their 28nm offer. However I've heard and know precisely nothing about this new offering.

Pls for the sake of the community and your reputation. Dont work with them ever, they're probably gonna use your name to attract more newbies.

[Gogreen]

No!