Alright everyone, Garrett has decided that we are going to sell all of the CoinTerra machines. They have been far too problematic, and at this point it is more profitable to sell them and buy new hardware. They will be up for sale on eBay and this forum starting tomorrow. As soon as the first couple units sell the sCrypt hardware will begin running again.
Now for responses to many of the questions that have recently been raised:
- In terms of compensation from CoinTerra, we will be compensated for all of the machines that were delivered, but were never actually hashing. Only 8 of the CT units were ever operational, so CoinTerra will compensate Cognitive for the rest that arrived but didn't work properly.
- Once our new space in Washington is ready, all of Cognitive's hardware will be moved there. It will be kept cool, the power will be reliable and cheap, and it will be monitored 24/7.
Finally !
Try to get the best price out of it. People are always willing to pay for the latest ASIC even if it's hard to setup and even if it cannot get a ROI.
We should ask everyone but I think it is time to stop buying vaporware.
No more science-fiction-hardware that need 8 months to deliver and that doesn't even work.
If you can find cheap or free electricity, GPU mining is the way to go.
Also, I suggested some time ago CPU mining. It's a very different business, very random but it's almost risk-free.