Despite not having completed their chip's design, Cointerra took in millions of dollars for non-existent hardware to be delivered in December 2013.

The only reason people paid such an enormous premium for this slickly-marketed but imaginary vaporware was the key selling point of "December" delivery.

Quote from: cointerra on August 17, 2013, 01:53:34 PM

TerraMiner IV will ship in December this year and retails for $15,750.

Cointerra intentionally downplayed their massive design problems to keep customers buying:

Quote from: cointerra on October 21, 2013, 10:23:05 PM

Quote from: Puppet on October 20, 2013, 10:13:44 PM

Quote from: cointerra on October 20, 2013, 10:06:59 PM

We are indeed on track for our delivery times. Mock tape-out was performed and our tape out is very near. The community can expect more information soon as we get closer to production.

Ill take your claims of shipping in december with at least the same amount of salt I took with HF's october claims and KnC's september claims. Lets just hope we dont need butterfly quantities of salt.

Depending on how much information you supply for the mock-tape out there does not have to be a significant time laps between mock tape-out, tape-out and production.

You can expect tape-out announcement soon and we are indeed still on time table for our production.

Quote from: cointerra on September 24, 2013, 12:18:09 AM

Significant payments made to fab to expedite process from usual 90+ days to 65 days.

Systems expected to begin shipping to customers, Mid December.

Even after the fact they botched their tape-out became public knowledge, Cointerra continued to lie and state "expected" shipping dates that were no longer possible to achieve.

Instead of being honest and offering full refunds, Cointerra hid behind weasel words like "expected" and blew smoke up our asses by yammering about some magical "expedited process."

Quote from: cointerra on October 20, 2013, 06:39:10 PM

Quote from: testerx on October 20, 2013, 06:40:57 AM

Any updates on this? If they don't tape out soon there's no way the December units are going to ROI. What's with the complete lack of updates?

The mock-tape out is already made and we will be taping out shortly. Everyone can expect reports closer together in the near future as we get closer to chip production and other major events. We are still very much on track for our presented delivery time.

Most shameful of all is the fact that Cointerra hasn't posted the bad news using their official account, much less updated their OP to reflect their failure to deliver.

It fell to a new accounts with <20 posts to relay the 'guess what, chips are late' message, albeit cloaked in a load of rubbish and happy talk then buried on pages 52 and 54 of very long thread:

Quote from: miahallen on December 10, 2013, 08:26:13 PM

I spoke with "Peter" on the phone last Friday (December 6th) and he said that the first deliveries will be pushed back 7-10 days...so I doubt anyone will receive anything this year.

Quote from: Alvi on December 11, 2013, 09:03:23 PM

DATELINE 12/10/2013: AUSTIN, TX.

The fabout of the first wafers for the GoldStrike I is scheduled to occur on December 17th

Does anyone actually believe Cointerra only found out they'd blown their "mid-Dec" deadline on Dec 10th?

Or is it more reasonable to assume Cointerra already knew for a while they couldn't ship until Jan/Feb before letting their customers know?