Cointerra's 500 Gigahash per chip bid to change ASIC market
Yet another ASIC mining company has entered the fray - and this time, with an extremely bold performance claim. Cointerra promises the smartest chip design and the best price-performance ratio we've yet seen in the ASIC market. But can customers afford to wait for it? The ASIC mining business was all about getting to market first, and we have seen some embarrassing episodes along the way, with some firms repeatedly setting back delivery dates, and revising power-performance ratios. But designs have also been getting more sophisticated. One of the biggest innovations has been in the process....
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The mining company, CoinTerra, announced a reduced pricing opportunity for their second batch of specialized ASIC mining equipment. CoinTerra will price the new TerraMiner II at $3499 and the TerraMiner IV set to be released in January 2014 at $5999. The TerraMiner II will serve as an entry-level Bitcoin mining solution. The TerraMinter IV serves as the first miner to break the $3 per Gigahash Barrier. CoinTerra issued the following release: CoinTerra Introduces Two Low-Cost Bitcoin ASIC Mining Solutions. New TerraMiner II for $3499 and Reduced Price of $5999 for TerraMiner IV in January....
CoinTerra has announced that its new GoldStrike I ASIC chip has taped out, with the chip's first production run scheduled for 17th December. The bumpout date is set for 21st December, and the company has already started manufacturing printed circuit boards (PCBs), cases and other components of the new ASIC rig. The GoldStrike I ASIC is clocked at 1.4GHz, and capable of churning out 500GH/S. TerraMiner components. Each TerraMiner unit features four GoldStrike I chips and is capable of yielding 2TH/s per miner. Each chip runs at 0.765 volts and it is manufactured using Globalfoundries' 28nm....
ASIC mining firms CoinTerra and HashFast have updated their product offerings as they jockey for position in the 28 nm hardware space. CoinTerra announced a new entry-level unit and slashed the price on its flagship ASIC miner whilst HashFast announced a higher-performance unit to complement its smaller device. CoinTerra's new 1 TH/s TerraMiner II, based on the same GoldStrike1 chip as its 2 TH/sec TerraMiner IV, will sell for $3,499. January batches of the firm's TerraMiner IV have been priced at $5,999 for January delivery to customers. At the end of last month, CoinTerra had already cut....
An Israeli company launched a bitcoin mining system this week that promises to eventually double existing power efficiencies. Spondoolies-Tech is touting mining rigs that will offer up to 2.1 TH/sec per kilowatt of energy today by the summer. The company has designed an ASIC chip that it says can achieve a similar performance to the design currently used by ASIC mining manufacturers such as Cointerra. The difference, says Spondoolies-Tech cofounder Guy Corem, is the process node. Cointerra uses a 28nm (nanometer) ASIC chip design, whereas Spondoolies-Tech uses a 40nm design. The process....
BitFury has completed manufacturing their new 28nm Bitcoin ASIC miner chip. This a big step from their current 55nm chip. BitFury had a great 2014 bringing in $40 million in venture capital funding. Valery Vavilov, the CEO of BitFury, has also made moves to other parts of the Bitcoin industry partnering with BitGo and looking beyond just processing Bitcoin transactions. Also Read: Bitcoin Mining Company BitFury to Acquire Allied Control For Immersion Cooling. The details of the chip have been discussed since last fall. The current spiking of the global hash rate speculation is that it was....