Post
Topic
Board Hardware
Re: CoinTerra announces its first ASIC - Hash-Rate greater than 500 GH/s
by
Ytterbium
on 07/08/2013, 02:05:35 UTC
Will it be a preorder? (hope not Cheesy))
Or will you send the chips immediately(few days) after payment?

Yes, they are doing a pre-order. It says so on their website.

If they succeed, when they are done their chips will go to the people who pre-ordered.

The thing is that if you've been in this for a while, or have money to burn, then no biggie on a pre-order to keep up with the arms race.  Some of us are relatively new to the scene.  Take my group, for example, we've got thousands sitting in an account waiting for us to make a hardware decision, however it simply isn't worth investing at this point because there is no clear quasi-safe move.  If we were mining since 2010, had a BTC wallet as fat as a cow, and could pay for all our pre-orders with either BTC direct or by doing a small dump to an exchange, that's a different story.  But people putting fresh cash into pre-orders right now is kinda nuts.

That's true, although what sucks for people who pre-ordered from BFL is that they would probably have hoarded their coins if BFL hadn't taken them, and at the time they were worth a lot less.  If you ordered a Jalapeno you probably paid about 20-40btc. If you ordered a mini-rig that would have been maybe 3000BTC. Little chance you'll ever see that again.

On the other hand, it's pretty unlikely that the price of BTC is going to go up by 10x like it did last year around this time.