Post
Topic
Board Hardware
Re: CoinTerra announces its first ASIC - Hash-Rate greater than 500 GH/s
by
monkee
on 06/09/2013, 21:58:25 UTC
Hey Monkey,

You say Cointerra is overpriced.  Well, ive ordered hardware from some of the other companies (knc, bfl, hashfast etc) and i cant find anything cheaper than Cointerra, per GH right now.  Do please tell me what youve found that is cheaper GH than Cointerra as id like to buy some?

-- Jez


aerobatic, Competitor pricing is irrelevant to my statement that Cointerra is overpriced.  

I will sell you 4 TH in December of 2017 for $13,999 if you pay now.  Now I have the cheapest offering $/GH, half the price of Cointerra, what a great deal!  Of course, it is not a good deal and even more overpriced.  Difficulty at the time you receive the unit must be weighed in to your equation as well as buyer protection and other factors.  

Their policy so far allows them to miss their advertised deadline by a big margin, which could very well be the difference between profitability and loss for the miners.  It is not protection at all and, in my opinion, should either be done away with or strengthened if they want to advertise a protection plan.  They do not even get their chips until December.  A lot can and has gone wrong after that stage.  How many months did Avalon and BFL have chips prior to shipping "en masse"?  These things need to be considered by an investor.

When they launched, a unit cost about 150 BTC.  A week later calculations showed a loss of $4,000+ if you bought one.  In all of my preorders, NONE has ever shown a loss (or even close) when calculating shipping on time.  I'll bet all of the other equipment you say you bought showed the potential of remarkable returns if shipped on time.  Cointerra does not even have that potential unless you are counting on difficulty slowing down, which is, in my opinion, not a smart thing to bet on between now and whenever a Cointerra hits your doorstep.

I'm not trying to hate.  I want several of these, I just believe that miners will need more meat on the bone to gamble on Cointerra.  Cointerra seems far riskier than even Avalon's hyper-inflated batch 3 units.