DISCLAIMER: This information was gathered from Denafrips/Vinshine Site & Videos. I've no personal experience with any of the mentioned equipment.
Alright, I compiled this information to help other potential buyers. This was the information I gathered from different denafrips videos, Vinshine Alvin videos and spec list on the websites. I am currently in the market for a denafrips totl dac. Me being no stranger to buying from the preowned market, older gear for a substantial cheaper price. I always recommend purchaing older gear to save more money and have more funds for future pre owned gear.
With denafrips and a lot of the different audio companys, some make it harder then others to know exactly how outdated the older gear is compared to the new gear.
Lets begin.
Understanding denafrips uses trickle down technology.
Terminator originally released in 2017 for 4000
Terminator Plus released in 2020 for 6200
Terminator 2 released in 2021 1 year after for 4500
Terminator 2 12th released end of 2022 - start of 2023 for 4600
Terminator plus 12th released for 7141 end of 2022
Currently Terminator 2 12th is 4900
Currently Terminator plus 12th is 7500
Terminator 2 released in 2021, took all the upgrades from the Terminator Plus.
Taken from website:
Improvements of the Terminator II over the older Terminator:
Total segregation of Digital Signal Processing and R-2R Network Arrays (Analog) boards
Oven-Controlled Crystal Oscillators OCXO replace the TCXO clocks.
High-speed Digital Isolation. The silicon-dioxide (SiO2 ) isolation barrier with isolated power supply effective isolate the ground and block the noise from one end to the other
Redesigned Power Supply Unit (encapsulated underneath the DAC board)
Supercapacitors for Digital & Analogue circuitry for high energy storage to ensure supply of constant cleaned DC power to the circuitry
Clock Out eco-system to sync with DENAFRIPS DDC.
Now you ask, what are the differences between the Terminator II and the Terminator Plus?
The differences between the Terminator II and Plus, the Terminator Plus comes with premium offering of:
Aluminum anodized curvy front panel
Precision, hand-picked, premium OCXO
Hand-picked R-2R board
Terminator 2 12th/plus 12th upgrades from previous model Terminator 2/plus
Enhanced critical circuitry to further minimize the noise floor
Greater tonal density • Ultra High Resolution
Upgraded components, including ROE NOS Caps
High-purity gold-silver-copper alloy enameled wire o-core transformer(s) (Power Supply)
Complete redesigned power supply circuitry
Direct FPGA processing of I2S • Shorter signal path guaranteed
(Signal paths only add distortion and noise and degrade performance and as such should be kept at minimum length) (Source hifi-advice)
This is the information I took from the different vinshine videos.
Pontus 2 is close to the original Venus
Venus 2 is close to the original terminator
Terminator 2 is close to the original Terminator plus
If denafrips finds a better way along the way they will change varients of components.
My assumptions from what I learned:
Venus 2 12th I would assume edges original Terminator.
Terminator 2 12th surpasses the Terminator plus.
Terminator Plus 12th is the new flagship totl, if you want best of the best.
From vinshine/denafrips video, Denafrips understands that the power supply quality makes a huge difference in sound quality.
From denafrips site. As a firm advocate of high-quality power supply being the bedrock of superior sound.
With the new gold,silver,copper of the psu in denafrips, my research turned me too googling: gold silver and copper wiring audio power supply
That in turn led me to find Mundorf Angelique. This was the only wire I found when googling gold, silver, copper wiring for audio power supply.
Maybe thats why the price increase is higher now, because of the cost of the wiring for the psu, which seems like the most expensive component being its so heavy.
So all these notes were for me, to help myself with the costly buying decision on which denafrips terminator to get. I can't swing the Terminator plus 12th for 7500+, but the Terminator 2 is right in the price I can do. The Terminator plus preowned market is around the same price as the new 12th. So with all the information I know now. I would take the Terminator 2 12th over the Terminator Plus if they were the same price.
Hope this helps all the buyers with their future purchase. I was confused because of so many different models and revisions. Great that denafrips does trickle down technology, not so good for second hand buyers, haha, it gets very confusing.