Well I stand corrected. I had forgot about fees side of things. The is a lot more to CryptoCurrancy and its a good lesson to learn not to generalize.

Either cause yes I will take offers from EU. I was hoping only US because of shipping. But only two other people have put down offers. And I haven't heard back from them in over 24 hours.

Huh? My electric bill is only about $150 per unit. And the unit will make more then $150 per month. In fact it will probably make well more then $2,000 worth in the first few months. Its the months afterward that is the question. Basically. Will the thing break even. And with the current price no. If bitcoin was to go up in price. Even to 550 it would make a profit. (Even with the price of power). I believe the price of BTC coin will go up in price. In fact it has to or else it will die. Within the next 6 months if the difficulty keeps going the way it is but the price stays the same even ASICs wont be energy efficient enough. That means that with the price will rise or BTC will die.

Thats why I am still mining with two others. I simply cannot plug this one in to anything.

Alrighty!

Here is a link to the video and also to a pic:
https://www.dropbox.com/s/7yei4nu8mu401jl/TerraMiner_Video.mp4

https://www.dropbox.com/s/5zrhisdmv0fhfnc/IMG_0630.JPG

I was just going to give these to people who where interested... but.. meh.

EHEHEH.

It would be a video of me opening the box. Although I haven't done anything else. Such as remove the padding or rip open the bag with the little rubber computer feet.

I will also show the other 2 miners running in all the LOUD glory. And the speed that they are mining at. Explain the Power Stepping setting that the PDF manual talks about. (If I set it to 9 Highest it trips my breakers). It pulls around 17AMPS.

Hopefully you can see what issue I am in. That I cannot plug the final one it.

As far as the speed is concerned if you follow the URL I posted. http://cointerra.com/product/terraminer-iv/
You can see that its rated at 1.6 not 2T/Hash. CoinTerra where never able to get the system to 2 until just recently.

As I mentioned in my post if you want a video and/or pics I can send it to you via PM. As I am at work I cannot do that now. But tonight when I get off I can PM you it.

I didn't post any pics because its just a box. And how I know its a TerraMiner is because I got 3 of them from CoinTerra. But after plugging in the first two I found I didn't have a space for anymore. (I know... I feel dump)

But I can post to you a video if you want proof via a PM.

I have replied.

I am selling my miner. Its completely new. Just got it in the mail.
Tracking UPS #: 1Z7658VAA840798295
Hasn't been opened
URL: http://cointerra.com/product/terraminer-iv/
Selling it for $ 4,700 in the USA only (for now)

I can take BTC or LTC or PayPal. Or a combination.
I will pay for shipping at the fastest possible option.

I already have 2 of these. I ordered them a while ago. And now that all 3 are here... I simply cannot power the 3rd. Its extremely frustrating. But I am forced to sell this at a 1,500~ loss.

Again COMPLETELY NEW. HASN'T EVEN BEEN OPENED.

If you want further proof please ask for a video. I can post to my dropbox and send via PM.

Here is my craiglist listing:
 http://sanantonio.craigslist.org/ele/4441709934.html

I get that the diff will go up. And that at first there will be some people that have a lot more power then others.

But in the end BTC is all ASIC and it isn't centralized it is still decentralized. Which was my original question to you.

I mean I do not know what will happen in the future for BTC.

But that is my second point. *soap box* We should be focused on new features of ways to use the BTC poof of concept. There are so many new ideas. LTC was a poof of concept that Scypt can be used. Doge or rather lottoCoin or whichever came first proved that you can have a stable coin with variable block rewards. Peer and Mint proved you can have Poof-Of-Stack a.k.a built in interest. SecureCoin proved you can have multi-agorithm. Etc...

I guess my main point it the only thing diff about this coin is they want to be GPU resistant. Which.. in my opinion is fighting a loosing battle from the get go. All these new coins that come out that appear to provide pretty much nothing new to the picture except maybe a few tweaks/changes to out it gives out rewards or how many coins there be. All of which is kinda interesting. But its kinda like if someone was to make a clone of CentOS and called it... New Awesome OS and the only change they made was the background of Gnome which nobody will use anyway cuz everyone is gonna SSH into it.

I did. However I would like to note a few things.
1. The start date needs to be -5. (Which is important)
2. I bought these before the lastest massive price drop. I bought them like 10 or 11 days ago when BTC was actually over 600 and looking like it was finally over all that MtGox crap. The bitcoinwisdom doesn't account for possible increases in price. I wont sell my coin with the current price. So change the calc to -5 adn price of 600. And you see an ROI of 63 days. ^.^

Another thing to point out is how long it will take to get back the BTC. Never minding its value. The idea is. If I am setting on some BTC waiting till its value is high so I can sell it for whatever reason. Lets say its hookers and blow. Is there something I can do to increase the amount I already have? The only to ways I know is to either one mine more. Or two do micro trading or something along those lines. I attempt to do both. It would take roughly 114 days according to bitcoinwisdom to get the amount of coin back again. But I can still keep mining. In fact before it becomes completely pointless to mine with my current rig. I am going to get roughly a whole coin out of it! ^.^ So I was setting on 3.5ish coin. 6 months from now I will have 4.5 and power costs not with standing I got a who other btc.

Is this the best way to make money.  Nah going to school, getting an education, and whoring yourself out to people is the best way to make money. But its a fun hobby!

Although its a risk of course. Will the price really rise again? I assume that it will. And I can afford it (the running cost of these miners is like 35 bucks a month)

But thanks for your updates and unlike some people on the interwebs not simply calling me a nazi fagot from the moon and i need to take my meds or something like that. :-P

Here:
http://www.coinwarz.com/calculators/bitcoin-mining-calculator/?h=180.00&p=350.00&pc=0.11&pf=1&d=5006860589.20540000&r=25.00000000&er=487.39000000&hc=460


You are most welcome! ^.^

And I just got 4 in this week. On BTCGuild they have made a little less then 1/6th of the BTC back that I spent on them already and its been 5 1/2 days so far. So.. yeah.. been mining with those things pretty well. Although power wise not so good. I also got CoinTerras. Those...are... beautiful. ^.^

First I mean coins as in any coin's hashrate at the moment.

I could simply end this argument by pointing you at BitCoin and saying... its decentralized... its completely ASIC. Argument finished. But.. here is a rant if you want.

Knc isn't the only company producing Asics for scrypt. They are also only one company and there production cannot take 51% of the global hashrate for LiteCoin or DogeCoin.. or hell WorldCoin.

Also I ordered asics from GridSeed. And I have them running now. So... although i did experience unexpected delays I do not feel that is because Hashra wants to take 51% of the hashing power to rule the LTC world! MUAHAHAHAHAAH... cough cough

Lets say you only do mining with a GPU only coin. Lets get the scenario set.
1. The difficulty will always rise. (Just like BTC and LTC)
2. The price rises over time... in theory but has bumps along there way. (Just like BTC and LTC)
3. The price also doesn't rise in direct proportion to the diff. (Just like BTC and LTC)

You mine with your GPUs.
You have 12 of them.
You can space currently for 12 more. Any more and you would have to either move your setup or pay for an electrician for more AMPs and better cooling.
The diff keeps going up.
You keep adding more.
You like many other people run out of space and/or power and/or effect way to cool.
The diff keeps rising
The diff keeps rising
... rising.... rising
How does it keep rising?
Two things...
1. People keep adopting the coin and they setup there own 12+ cards.
2. There are people out there that have there own mini datacenters with 100s of cards. These people have money.. and time.
Eventually it becomes more and more unpractical to mine with your GPUs with this coin. You move on to another coin.
Eventually the mass majority of miners left on that coin are the ones with piss tons of GPUs. That is not very decentralized.

If you say... "Wait the price will go up too. So my 24 card rig would still make money right?". Will it make more money then perhaps a different coin? If you where to shift with others wouldn't that be a sign that your coin isn't stable?

But more notably. Diff DOES NOT EFFECT PRICE! Or at least not heavily. Trading amounts and adoption effect price. The more trades normally means the price will rise. BitCoin rose and fell not with its diff (although the diff has rose) the price rose with a massive adoption and interest in the coin, mostly in China. The diff and the price of wattage helps to keep the price from dropping below a certain point. And it also helps to rise the price. But it only a minor effect in comparison to say.. rumors of China changing there policy on crypocurrancy. That can cause price drops... huge ones.


Here is an analogy:
Say you want to get into the mover business. Its awesome. You can make money on the side and you can use equipment you already own and take care of. Other people catch onto the idea for some spare cash and its really exciting. You have your car to help move stuff and you get paid for it.

Well time goes by and more people want to get into it. They see it as a way to make more money. Not just on the side. So they go out and buy a truck. Trucks are much more fuel efficient. You see your car may get twice.. nearly 3 times the fuel economy. But because its a small car you have to make 10 trips. The Truck only 1 thus more efficient. And because you have to take 10 trips the guy with the Truck can get many more jobs before you even get one finished.

Before you know it its hard to find even a single job because everyone around now has Trucks. So what do you do? Do you buy a Truck or do you complain that everyone else has one?

Well of course you complain that everyone else has a Truck but you do not.

But it gets worse. You see there are lots of people out there interested in the mover business now. You are a trend starter! But they look at your car and wonder why? Its more expensive. It may have low upfront cost, but it has low long term returns. It may be a nicer starter point to test the waters so to speak. But it is not a solid long term investment.

Because of this the mover business isn't taken seriously and wide adoption isn't excepted. (This is where the analogy really breaks up... but yeah its not perfect) Without being taken seriously the system can never grow beyond a certain point. It can be a great tool to fight the man or the banking system if you are in a 3rd world country. Or Spain whose youth pretty much blame the Banks for being assholes. But thats about it.



All you have to do is look at BitCoin to see how awesome ASICs are to the little guy. Right now I can buy an ANT Miner S1 for roughly 400 bucks with shipping included! It will arrive at my doorstep before the end of the week. (I buy from BitMain directly and I always get them in roughly 3 to 4 days later). There current return in investment is about 60 days! You CANNOT do that with GPUs. A new R9 280x from newegg is not going to get you that kinda ROI with almost any coin. And if it does the longer that Coin is around the less the ROI will be for mining it. Rise in diff being faster then the rise in price.

If someone wanted to get them selves into mining I would point them in that direction. They are cheap, you can buy them and get them within days. And there ROI is quick. Oh... one more then... you dont have to learn a bunch of crazy computer stuff. No Linux.. no windows... riser cards whats that? I have to short the A1 and B17 pins on a PCI 1x slot.. i didn't even know that was hot swappable! Compile what you say? Or... can you browse the web? Good you can setup a dam Ant Miner S1 none of that other noise. Congrats you are mining. You can put easily 5+ or 10+ in your house without changing a dam thing.

ASICs empowers new comers. (Makes it easy by putting into one package)
ASICs is cheaper. (400 bucks after shipping is about the same price or only a little more then a R9 280x which doesn't give you as much)
ASICs improves centralization by giving everyone the ability to scale there mining operation. And if you are running out of power in your house using ASICs then at that point you are easily making enough money to go Colo.

GPUs where not made for mining. They where made for graphics. They demand a lot more power. It is simply better to use a device/tool for what it was meant for.  What needs to be focused on is the coin features and technology itself. Not how its "mined" or "minted".

Its a noble idea to let people use equipment they already own to help them make more money. But the truth is that most miners and any serious miners are people who are already in one way or another in the techy/nerdy field. You are not empowering the world. Just a bunch of nerdy geeky people... like myself. And that isn't going to change. The daily user of BTC/LTC/X11 shouldn't need to mine. They simply use the currency.

Again on my soap box but focus should be on things like BitCoin 2.0. Or new ideas like Poof of Stake or multi-algorithm coins. That try to help deal with some of the possible pitfalls of the current coins. BitCoin is only an idea. And the idea still needs work. That should be the focus.

And... I just wasted 30 minutes of my life... *sigh* why internet... why.

Kocur. Please explain to me how pre-orders or late deliveries causes coins to become centralized.

-- For the sake of niceness... Pretty please

Doing this wouldn't secure LiteCoin's future. It would doom it.

ASIC doesn't mean you loose decentralization. I mine both with GPUs and with ASICs. ASICs are cheaper, faster, energy efficient. The energy efficiency means someone like myself who doesn’t own a datacenter with 1000s of AMPs of power can mine 100s of MegaHashs. If you stay with GPUs then in the future only people with lots of time, money, large scale cooling, and power can mine the coin for profit.

Again ASICs means you can mine coin for *cheaper* up front costs.
Again ASICs means you can mine coin for *less* power.
Again ASICs means you can *scale* your mining operation to larger heights without having data-center like resources.
Again ASICs means more coin, for less energy, to *more people*, faster.

ASICs should not be feared.

People do not like that they will have to spend more money after buying a lot of GPUs that may have not yet gotten a ROI. That is understandable. And there are other Coins out there that are still GPU only. So there is no need to throw in the towel. Why not look into up-in-coming coin ideas. Like SecureCoin, or FairQuark. Or some of the N-Scrypt coins.

If you make a coin that tries to replace LiteCoin but is more ASIC resistant you will just... lower.. the difficulty of ... litecoin... hrmm... GO GO GO dam those dirty ASICs for taking over LiteCoin... ALL GPU miners should just leave now! Power to the ... rrr... X11 Coin!? woot!

p.s:
Also... X11!? De-frack? You REALLY wanna name your coin after a monolithic horrible bundle of miss match code that is X11. Not to borrow from the Emacs haters but... X11 is a good OS, its just lacking a Window System. Actually that isn't even true... its horrible. All hail WayLand!

1. With the 49 port hub I placed 40 Gridseed in each of my two hubs. Then both of the hubs are plugged into one Laptop. A single Raspberry Pi can only handle I think 30 or so at a time. And I wouldn't recommend running more then 20 on a RPi. So I used a laptop. My only fear was that my older laptop would run into problems with all those interrupts luckily it detected all the devices and so far hasn't had a single problem!
I recommend doing something like that if you are going to have a lot of GridSeeds or planing on having a lot. Its a lot easier to setup. You dont have to worry about 8 separate power cables and 8 separate USB cables. And thats without including the 16 power cables for 16 power supplies for the 8 units. Again I am thinking of putting 10 per powersupply because I am only mining scrypt.

2. The laptop is running OpenSuSE 13.1 (My fav. Linux distro for Desktop/Laptop use.. I may switch to a more lite weight distro in the future.

3. I am using cgminer 3.7.2 with the gridseed asic header files. I *think* I got it from here: https://github.com/dtbartle/cgminer-gc3355
I forgot though what github I used. But I did download from a git repo. Once I get home I can double check. Either case I downloaded and compiled cgminer 3.7.2 from github. Works like a charm.


P.S: Check this link out:
http://zoomhash.com/collections/top-sellers/products/12v-to-6-pin-pci-e-psu-molex-gridseed-adapter-power-up-to-3-gridseed-asics
You can now easily convert your power supply for use. With a molex to PCI adapter you can have a single power supply power 20/30 of them. Just food for thought. The idea being that who needs all that extra equipment. No need for extra block interrupters or RPis and such. Just grab any old power supply. An old laptop and some block interrupters you can buy on amazon if you dont already one one and then you can just buy the gridseeds by themselves. Which is what Hashra is now selling. For cheaper then ZoomHash I might add.

Although I do not know if they now ship quick or not. If someone has ordered within the last week and has gotten a tracking # or there equipment then plz post about it!

OK...

So here is my quick review of the GridSeed chips I got from Hashra.

Probably should post this on a separate forum thread.. but.. meh.

In full here is a video: (Sorry for my ugly mug shot there in the beginning of the video.. you have been warned.)
https://www.dropbox.com/s/c2as12m8gd8gh0h/GridSeedReview.mp4

In short... they are mining nicely. One came in bad. The USB connector wasn't soldered on correctly. I am going to try to repair it myself. The packages came in very late and I am a little upset that the prices dropped by a lot roughly a week after getting mine. So I feel cheated out of roughly 3+ grand.

But either case Hashra isn't a scam by any means. They are just a little slow. Which is my only real compliant other then the price drop. And hopefully they have fixed the shipping delay problem.

I had the same thing happen too. I used Scripta instead of the Hashra software... and then eventually moved to using an old laptop. I am about to post a video of it once it finishes uploading.

I would also check to make sure the power supplies are are the right volts. Mine where not at first and cgminer would report them mining with constant rejects. I know that is a silly thing to suggest but I figure it wouldn't hurt.

I feel your pain sir. A co-worker of mine went with ZoomHash and they shipped his order the next day with 3 day shipping. So if you live in America I recommend that route.

If you want an example sir just read the whole thread. There is a bunch of delays in just about every way. Some people got lucky and got them within the time frame. But many others... including myself are still sitting here without the miners and I ordered them within 5 minutes of the site showing them available on the 23rd.

Although I do now have a working tracking number. But it only started to work on the 15th of March. Basically these guys aren't a scam or whatever. But as one of the guys put it they bit off a more then they could chew.

Although a wiretransfer should not take more then 3 days to confirm. I would be emailing like crazy!

-Rye

Hello again,

As far as an update goes for my own dilemma is that now DHL reports that they have picked up my shipment.

So... its coming my way now.

-Rye

Well thats bulls***

At least I feel like you shouldn't stick a tracking number on something when it hasn't even been picked up yet. *sigh*