Cointerra Planning to Release 2 Petahashes of Mining Power by December
The mining company Cointerra has announced its official launch today, offering what may be the most advanced Bitcoin mining hardware currently on the market. The company's signature miner, the 2-TH/s TerraMiner IV, is seeing its price reduced from $15,750 to $14,000, or a mere $7 per GH/s - ten percent less than what appears to be its main competition,....
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CoinTerra has just announced its official launch and, with this, is cutting the price of its TerraMiner IV product from $15,750 to $13,999. This is a 28nm design that is claimed to achieve 2 TH/sec. Tuur Demeester, an investment expert and investor in CoinTerra, told us the company has done this in response to "signals" from bitcoin miners. Further feedback from miners led CoinTerra to begin working on lower price mining devices in addition to the TerraMiner IV. We asked CoinTerra CEO, Ravi Iyengar, about the lower-cost devices, but details were not forthcoming: "We will be announcing the....
CoinTerra is offering compensation to early adopters of its latest TerraMiner IV mining rigs, based on the GoldStrike I ASIC. All customers who ordered the first batch of TerraMiner IV units, scheduled to ship in December, will now receive a second rig, free of charge. Although the first batch was originally supposed to ship in December, it was actually shipped last week. The second batch was pushed back from January to February, while those who ordered TerraMiner IV units from subsequent batches should get the miners on time, The Register reports. Not quite 2TH/s. CoinTerra was hoping....
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's Ravi Iyengar. CoinTerra today announced the immediate deployment of their state-of-the-art tier-3 compliant datacenter. From this data center, CoinTerra plans to offer Bitcoin mining contracts to individuals around the world whom are unable to mine in their own homes due to constraints with mining hardware imports, high electricity costs, or nagging wives. They are offering contracts as small as 12 months at 200 GH/s for $999 all the way up to 24 months at 1 PH/s. According to Dr. Timo Hanke, CTO of CoinTerra, Inc., CoinTerra has a distinct advantage over its competitors:....
Bitcoin mining ASIC processor and systems manufacturer CoinTerra has announced it will offer hosted mining contracts. The Austin-based company says customers can now purchase plans ranging from 200 gigahashes (GH/s) to more than 1 petahash (PH/s) with immediate deployment. CoinTerra framed the move as an extension of its mission to bring bitcoin mining to more consumers around the globe. Ravi Iyengar, CoinTerra's CEO, explained: "Many prospective bitcoin miners don't have the space or power requirements to operate their own bitcoin mining hardware, especially at scale. In addition, some....