CoinTerra Ships 1,000th Miner, Powers 6% of Bitcoin Network

CoinTerra Ships 1,000th Miner, Powers 6% of Bitcoin Network

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....


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CoinTerra Ships 1,000th TerraMiner Bitcoin Miner, Now Powers 6% of Bitcoin Network

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....

CoinTerra Ships 5,000th TerraMiner, Offers 20% Discount

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....

CoinTerra Ships 5,000th TerraMiner, Announces Limited-Time Sale

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 Opens Pre-Orders for First 16nm Bitcoin ASIC

CoinTerra has announced the AIRE Miner, the company's first bitcoin miner based on 16nm silicon. The Texas-based mining hardware maker said the AIRE will deliver a substantial increase in efficiency and performance when it ships in the first quarter of 2015, as the chip will be one of the first commercial products based on 16nm technology. CoinTerra CTO Timo Hanke framed the offering as one that would benefit the wider consumer market, saying: "With exceptional hashing performance and power efficiency, we are ready to put the power of high performance bitcoin mining back into the hands of....

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....