Re: CoinTerra announces its first ASIC - Hash-Rate greater than 500 GH/s
Sorry your car is missing 20% of its engine... we'll give you a discount on your next one!
And it's more Gas than advertised......
How late is the feb batch going to be??
OK.. please dont shoot me. im just playing devils advocate here.. and using your car analogy... to show you from cointerra's point of view.
youve ordered a sports car that was advertised as going at 200 MPH and consume 20 MPG and youve paid them $6,000 up front for it.
Now, theyve come back and told you that theyre sorry, that the car that they built will go 170 MPH, and consume 24 MPG and with further tweaks in the future it may go faster.
Theyve told you you can have a choice...
do you still want your sports car delivered even though it goes a little slower.. at 170 MPH and consumes 24 MPG? or would you prefer a refund?
Do you think a car company would allow you to take your car... but because it doesnt go 200 MPH and only goes 170 MPH do you think they will offer you a 15% refund? (i dont think so). theyre offering you your only two choices... 1. take it as is and hope they continue to tweak it... or 2. have a refund.
The cost of building the car was the same so its not like they can afford to refund you anything. if you choose to take a refund they will sell the car to someone else.
dont shoot me.. im just explaining it in the way that theyre seeing it.. and using your car analogy works well.
Your car analogy breaks down because losing top speed doesn't affect the utility of the vehicle in any practical way.
It would be more relevant to say you bought a truck to haul gravel 2 tons at a time to a site 500 miles away on one tank of gas.
Now they tell you that the truck can only haul 1.6 tons of gravel 350 miles. Your needs haven't changed so you have to figure out a way to get 150 miles of extra gas into the truck, and buy more trucks to meet your contract.
There is definitely some amount of risk sharing by customers in this case that is reasonable. But a tiny discount on future hardware doesn't really seem to be compensation.
I'm hoping to see much better communication from Cointerra this week. Timing is still the most important factor, and a recovery there for January and February orders would improve my views greatly.