I understand your skepticism toward all the unproven companies, but Bitfury delivered its August orders on time and I believe October orders are still open. Even if Avalon claims the order will be sent soon, no one knows when that is and waiting would keep us at the mercy of Avalon's incompetency.
We stayed with BFL and we now have stuff in action.
The only thing that will change my vote is Garr saying that the status is not "pre-shipping" but sadly he can't find the status so really I don't know what is going on.
But yeah, lots of baskets is the way I like to play. If we keep doing this crazy stuff like this I will look for an opportunity to sell my shares rather than keep buying. I want stability in a company not something that will chase the weekly trend.
Cointerra isn't the weekly trend, Garr has been working on that deal for a long time, according to his posts. He hinted at the existence of this deal a long time ago, when he originally proposed the first 100 shares of COG.F2.
Jumping on the "dump avalon" bandwagon, on the other hand, I agree, was a decision made much more quickly, I recognize your concerns there.
The thing is, math is math. The best argument for dumping avalon at this point is "if cointerra fails, having ~1TH/s of avalons starting in a month or two aren't going to drasticaly change our outcome", because as my calculations show, we can't even run them for very long. at best we shut them off after just 4-5 months of running. It'd literally be better to bank the BTC and invest in some other opportunity at that time - or just do it now (via labcoin, bitfury, whatever else we can get).
One can diversify by buying shares of different mining companies - so if you don't like the low-basket ratio of cog, sell just a few shares and buy some of something else as well. I hope you would agree even if cog had nothing but cointerra orders, if Garr can support his claims in the near future, that alone makes cog an extremely valuable investment and thus a strong part of any well-balanced mining company portfolio. If cog has the best deal with cointerra, far better than *any* other mining company (which again, Garr has implied but not yet provided solid evidence of) then cog absolutely should spend most if not all of their funds on cointerra because it is the best bang for their BTC.