CoinTerra Announces GSX I PCI Express Mining Card

Having more or less completing development on their large Terraminer unit capable of 2 TH/s for a sum of $5,999, CoinTerra recently announced their GSX I Bitcoin mining solution. CoinTerra is currently accepting preorders on the GSX I only, with expected delivery to be in June of 2014. CoinTerra's CEO Ravi Iyengar had this to say: "Having delivered the TerraMiner, the most powerful Bitcoin miner ever released, we decided to turn our attention to designing an affordable solution for the folks who kick-started the mining revolution - enthusiasts and hobbyists looking for an affordable path....

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....

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....

Austin, Texas-based CoinTerra has announced its second product. Called the GSX I, the card form factor bitcoin miner uses water for cooling, and notably, has a radiator serving as a heat exchange for the water, piping it over the board. The GSX I is a 400 GH/s unit that has a 28nm chip. Jim O'Connor, vice president of engineering for CoinTerra, spoke to CoinDesk about the upcoming launch, and said he believes using water is the best method of cooling for a card. Said O'Connor: "With the PCIe form factor and space constraints of a PC case, there simply is no other solution that is able to....

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:....