CoinTerra Ships First Terahash Bitcoin Mining Rig
CoinTerra announced today it has finally started shipping its highly anticipated TerraMiner IV professional rigs. The TerraMiner IV is the first professional miner to break the one terahash per second barrier. It is based on CoinTerra's new GoldStrike I processor, which the company describes as the most powerful SHA256 ASIC ever released. Its peak performance stands at over 500 gigahashes per second on a 28nm chip, built by GlobalFoundries. "Handing over the first TerraMiner marks a major milestone for CoinTerra. It goes to show that through hard work and determination with the right team....
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CoinTerra has good reason to break out the champagne today. The Texas-based mining outfit has announced the shipment of its 1,000th mining rig and it claims that CoinTerra hardware is now powering 6% of the Bitcoin network. The company says that over the course of four weeks its miners accounted for 1.7 petahash of bitcoin mining performance, slightly more than 6% of the entire network. New TerraMiner IV batches on schedule. CoinTerra says its second manufacturing facility is now operating at full capacity and that it is churning out the February batch of orders. Further batches of....
The folks over at CoinTerra today announced the shipment of their 1,000th TerraMiner bitcoin miner, less than a month following the first delivery of the powerful device. In that time frame, TerraMiner units are responsible for 1.7 Petahash of mining power by CoinTerra's estimation - over 6 percent of the bitcoin network. "We handed over the very first TerraMiner to a customer at the end of January and now I am very pleased to say that we have shipped over 1,000 TerraMiners and are at full production volume," said company CEO Ravi Iyengar. The company says they're working as fast as they....
Texas-based mining hardware manufacturer CoinTerra has managed to ship its 5,000th TerraMiner just ten weeks after launching full-scale production. The hardware manufacturer shipped the 1,000th unit in late February. At the time, CoinTerra said its kit powered 6% of the bitcoin network. However, with 4,000 additional TerraMiner units in the wild, the company's hardware now accounts for more than 15% of the entire network, or roughly 8 petahash of power. The company shipped its first TerraMiner in late January - claiming that further batches of TerraMiner IV rigs were on schedule. March....
Some news coming in from crypto-mining hardware producer CoinTerra today. The Austin, Texas-based company announced Tuesday that they've shipped their 5,000th TerraMiner unit - ten weeks following production. "Having delivered its March batch of pre-ordered TerraMiners, CoinTerra was able to ship the April batch of orders to retail customers ahead of schedule, and has now begun selling from stock," the company wrote in their announcement. Here's an impressive statistic. The company's mining hardware now accounts for about 8 petahash of hashing power. To put that into perspective, that's....
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:....